RE:RE:INCREASED FINANCING ?? (Silver City Exploration) ?i actually sold some of my EDR to buy EXN as EDR has had a great move. EXN is severely undervalued. Their gold project in itself should command their Mkt cap especially with gold prices touching 1900. Its a decent grade, short mine life but in a great jurisdiction.
Price is being checked back due to the PP. ONce it closes, expect this to start rising. EXN is very cheap.. i always go for value plays and in the short term they bite me in the back! If you chase momentum then you're taking additional risk. from a risk mgmt perspective made sense for me to buy more EXN.
I am down on my recent buy by just less than 10% but i am hoping mid to long term i will be a very happy camper.