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Bullboard - Stock Discussion Forum Explor Resources Inc New EXSFF

Explor Resources Inc is a Canadian company which is engaged in the acquisition and exploration of mining properties in Canada. Its projects comprise of Chester Copper Deposit, Bathurst Mining Camp, Timmins Porcupine West, Montrose, Kidd Township, Carnegie and Eastford Lake among others.

OTCPK:EXSFF - Post Discussion

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Post by Goldy63 on Aug 22, 2019 3:48pm

Win Win

I believe we have a win win situation with the merger . Also with Sprott again backing NIC you guys have just inherited a whale . This is the second time Mr. Sprott invests in NIC so he is very keen to keep an eye out for NIC. The upcoming drill program will drill 20,0000 metres and those historical grades are bonanza grades and off the charts . Great day for both companies . JMO.Cheers .
Comment by gordo32 on Aug 22, 2019 10:15pm
Had a feeling this would happen two years ago when I bought ,many doubts along the way and many high points as well. But this is the high point I have been waiting for. Good luck to us all.
Comment by Aurum1983 on Aug 23, 2019 1:36pm
ok. This is decent news. But still long way to go to just breakeven. BRAVO Mr. Dupont. Please carry on. For those following this board long enough, you know saying this means a lot coming from me.
Comment by SilverBells on Aug 23, 2019 11:35pm
Finally got the longggg awaited news. A little confused, if EXS gets 54% of the total outstanding shares of the combined companies. Would not the share price of EXS be even a little higher than the current NIC price of .075??  Why is the the current ask .03? Please explain.
Comment by SilverBells on Aug 24, 2019 9:15am
OK figured it out. Outstanding shares of EXS is 190,397,224 we will be getting 95,198,612 shares back which is exactly 1/2. Which means EXS shares should be half of what NIC is trading at. Correct???
Comment by SilverBells on Aug 24, 2019 9:36am
Seems to me we just gave our company away on the cheap. I really thought this company was worth more then .035. After all the talk of great results and production coming on, in the months to come. But then again with Sprott on board, new CEO, promising outlook, there is renewed hope. But with half the shares breakeven just doubled.
Comment by Goldy63 on Aug 24, 2019 9:52am
I,ll give this a stab but IMO  what,s important here is the 30%, 30%, 40% in the news and yes NIC will be buying half of the shares but converting ALL the shares to NIC . I,m curious to see if EXS gets manegment onboard with NIC or just compensation . End result should be we will all have  the same number of shares as before at X sp OR an adjustment to reflect the present sp as the ...more  
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