RE: Exmin Weekly Chart...mr_man_0915With regard to the recent drift/weakness in the share price, I have come to the conclusion that the warrants have been a contributing factor. Specifically, as per the most recent MD&A, there are 4.9 million 20 cent warrants outstanding that expire next March plus an additional 1 million agent warrants priced at 15 cents that expire in that month as well. We will know in due time to what extent the exercise of these have influenced recent price action.
As you say, there has certainly been no other obvious reason for the recent weakness as nothing has changed with regards to the company's prospects. Their fundamentals as a junior explorer remain superb. I'm also looking for some of the signs you mentioned to confirm the bottom is in and a reversal is upon us. As dorinho suggested, that may require a little more time to come to fruition on the chart.
As for ADA, I am a big fan of this company and have invested my funds
accordingly. A really fantastic story developing right in my own backyard, something I never actively searched for or expected to find.
But there they are. They are very well managed IMHO and are making all the right moves to advance the company. To my mind, they are as close to a 'blue chip' investment as one can find on the venture exchange. In any event, I am somewhat biased here, lol, so please do
your own DD on it. I'm sure you'll come to a similar conclusion once you dig a little deeper.
Hope that helps a bit.
best regards