First Asset Morningstar Emerging Markets Composite T.EXM.A

The Real Question?

[BamBamBandito]

The real question is that EXM states this on their website:

The Company already leverages active partnerships with major producers such as Hochschild Mining Group and Industrias Penoles. EXMIN completed the activation of the Moris Mine in September 2007, in conjunction with Hochschild.  The Moris mine produced 5,680 ounces of gold and 13,000 ounces of silver in 2007 and is scheduled to produce 25,000 ounces of gold and 60,000 ounces silver in 2008.

EXMIN and the Hochschild Mining Group have purchased the Moris Mine, originally put into production by Manhattan Minerals in the 1990’s, as a 30%-70% joint venture.

They even have pictures of bars from production



So, where is EXM's share of the money from the production?

[stockwrestler]

well I think the CEO got his cut...BUT, looks like nothing much for the SH's.

[revelation182]

IMO! Hochschild advances the mangement monies as a result of purchasing shares ( a million more or less ) The money is used  ...bonuses ...CONSULTING FEES through holding companiesHochschild  recoups the money by retainiing all gold silver sales profits IMORetail investors get the Shaft ....Manangement gets the$$$$$$$$$ gold mine !Reveation!

[BlueTdiWagon]

Hey Rev if you truly believed that statement you wouldn't have preceded your BS with "IMO".  Why don't you go on the record and make exactly the same statement without "IMO".  You & I both know that isn't true!Quit the lies Rev.  You can buy EXM as well as many of the junior producers blind at these levels.  Do you think gold will not go

[BamBamBandito]

"Quit the lies Rev.  You can buy EXM as well as many of the junior producers blind at these levels.  Do you think gold will not go through $1000 & beyond this month?  Do you not think silver will blow through $25 this year?  We both know the answer is yes to both!"I believe revelation182 is full of crap, too! However, I would still like to know what has

[bigbeach2010]

Bam, considering they have been in operation for about a year, likely running on the short side during start/commissioning, Hochschild more than likely covered more than thier share during this period.  Once in operation the production would likely stay at Moris until the deficit is clear.  I could be wrong, this is my opinion as to why we have not seen any of these funds flow into

[BamBamBandito]

bigbeach2010,All I want to know is what are the facts with regards to the Moris mine? That mine was the main reason I bought into EXM. With cash flow from that mine PP's would not have to be done at highly dilutive prices and short term I couldn't care less where the price goes because I'm in for the long term. However, that's not what is happening. I haven't got a straight

[midmichigan1]

Go to H's website.   This is what I do for MAI.   They are fairly specific about production costs etc.They just moved the Q308 figures to 10/22.   Email the IR dude at H.   He always gets back to me within a day or 2. H is not going to play games, they are way to big.....

[revelation182]

  $2.1 million ... Same value as 2 cars in Jay Leno's L A Garage ..Interesting !!