Why the drop ?

Some buyers have been chipping away at this one recently.

Dropped on no trades !

Well seen the drop and annoyed !! Good opportunity again with this minnow if it can turn itself around.

In 2007 Excalibur Ventures Limited ("Excalibur") expanded its business from its
core procurement services into two further specific areas. These are heavy
equipment rental and specialised oil procurement services. During the course of
2007, Excalibur's traditional procurement business stabilised at a level lower
than before, due in part to the relocation of its principal customer's buying
operations. We have maintained this level up to the present date.

However, Excalibur's rental business, which rents out heavy plant and machinery
for infrastructure projects, has expanded from a small pilot programme to a
full scale operation whose benefits should be seen in the coming years. In
addition, Excalibur spent a significant amount of time in 2007 doing the
groundwork for its specialised procurement services to the oil sector by
forming relationships, marketing and building a broad contact base. It is a
common feature of this type of specialised procurement that the gestation
period is considerably longer than we have been used to, typically between six
and twelve months, and occasionally longer. We anticipate our first orders will
be received in the second half of 2008. We hope that with all the hard work put
into this area, future orders will grow steadily thereafter.