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First Asset Morningstar Emerging Markets Composite T.EXM.A



TSX:EXM.A - Post by User

Comment by mattbighamon Mar 07, 2008 12:41pm
151 Views
Post# 14615063

No sleep

No sleepUSD just broke out of its descent and is powering up. Exmin had a chance to allow the share to float back to resistance and then exercise at the top,thus rewarding shareholders. They chose not to do this.Instead,they exercised relentlessly and the share barely moved in what was a 50% retracement for oversold silver and gold positions. Management gets paid whether they are red-faced and apologetic at public trade shows-or not. Investors do not get paid unless the company they invest in are able to time the market and juggle NR's for release so that the share ebbs and flows with the price of the commdoities they represent. Gold and silver need to correct now and the USD is strengthening from a deep oversold condition. Exmin can say what they like in public but their share price performance is telling that although being a producer they must start looking after their investors futures as they continue to pay themselves whether we lose time and money -or not. We,as shareholders,saw a 50%-100% rally in many quality,oversold silver and gold juniors. How did Exmin fare? Why? I would be red-faced,too.
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