OTCPK:EXSFF - Post by User
Post by
johnathamiltonon Jun 07, 2011 5:24am
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Post# 18679424
Financing Issue
Financing IssueThe whole market is experiencing a sense of "deja-vu" and is collectively tightening up with risk capital. CZN recently announced a bought deal at 90 cents... then oops! renegotiated down to 80 cents. So what's happening to EXS is not unique to the results, but rather to the fact that it is an exploration company. (Even big oil is down 20% in the last couple of months! )
So let's lighten up on the criticisms of the exploration and look at the big picture.