OTCPK:EXSFF - Post by User
Comment by
johnathamiltonon Jun 27, 2011 5:48pm
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Post# 18770917
RE: RE: Share price slide
RE: RE: Share price slideI'm not going to let this get too overblown one way or the other on sentiment today. The overall market sentiment is negative as every financial investment house is trying to conserve cash with the likely default of Greece and the related haircut banks everywhere are going to take as a result. The junior miners have been decimated again - today was definitely not a good day for risk capital!
The fact is that EXS is going to need cash to finish the exploration at WTM and it's not going to come easily at this point. I didn't answer the question about funds in the till at EXS because I don't have that info and given the current situation, I don't think I would have been given an answer if I had asked.
So EXS is now trading at approximately 50% of where it was last month. Market Cap cut in half. Hope you guys saved some cash for buying in at these levels - it may go down to 0.30's for a while, but my gut tells me that if it does, it will be definitely time to add some more shares to the portfolio!