RE: Under AccumulationOne pattern I've noticed in EXN over the last year is that the SP will definitely climb prior to news coming out. Whether it is leaked or not, someone seems to get a head start. When the news has come and it has generally been positive, we enjoy another pop and then it slowly gets sold back to where it was before the accumulation started.
Hopefully this time the news will be such that although there will be some expected profit taking after a rise it will hold and mark a new phase in EXN.
With the debenture being retired and hopefully a larger resource being confirmed this may just be the case. The grades have been excellent, we just need the tonnage to draw the big boys in. A no debt producer with a long life ahead of it is just the ticket. Good news, high volume, a higher price and a new floor for the SP
ski