OTCPK:EXSFF - Post by User
Comment by
PhillyJackon May 16, 2016 4:36pm
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Post# 24878521
RE:RE:RE:RE:RE:RE:RE:Moving On........
RE:RE:RE:RE:RE:RE:RE:Moving On........Sask, EXS has pretty much tripled from its recent bottom . . . it's just that it hasn't felt that way over the past several weeks as we have leveled off and dipped below recent highs, pending news. Teck could advance TPW more aggressively, agreed. It has minimum requirements to make its JV commitments. They can certainly spend more than the minimum, no problem. But right now, EXS needs to spend zero cash on TPW. CD is concentrating on Ogden and I think that is the most sensible route, since Ogden is the property adjoining MEK and TPW and is totally in CD's control. Don't know about you, but I wouldn't be trading out of EXS, where several "quiet" developments are ongoing in multiple fronts, just to switch to another junior that is up mainly because it's heavily promoted and/or has the word Gold, Silver, or Resources in its name. That is likely to result in the later chasing of EXS shares at much higher prices. My plan is to be right and sit tight.