OTCPK:EXSFF - Post by User
Comment by
PhillyJackon May 21, 2016 5:58pm
216 Views
Post# 24895577
RE:RE:It's back! Third time now!
RE:RE:It's back! Third time now!Probably too costly at this time to spin off non-gold assets, and also too much going on with the company. EXS has a market cap of only $20 million, and I don't think the Kidd Creek claims by themselves currently warrant a separate listing, as they are only now going to be drilled. Just too early stage IMHO.
If something is going on behind the scenes right now and is ready to pop, these are the likely scenarios:
1. Teck is doing a deal to take out EXS's remaining interest in TPW. (would be very early.)
2. Tahoe is doing a deal to take out EXS's interest in TPW (giving Teck access to a local mill).
3. Tahoe is doing a deal with Teck and EXS to take over all of TPW (does Tahoe have the $$$?)
4. Glencore is making a JV offer on EXS's KC claims, or buying them outright.
5. EXS has hit HG gold early at Ogden.
A "new" EXS/Explor could involve the company selling off TPW, shareholders getting a dividend check or shares in Teck or Tahoe, and EXS continuing forward as a restructured junior explorer without TPW.
Currently the value of all EXS's "parts" exceed the listed market value of the company as a whole. GLTA