Drilling adds shareholder value-who said that?You lay out some positive points,Hal.
Exmin did try to offset the dilution news with two positive NR's but they did not mitigate the dilution to its SP.
To judge the performance of the company one must be objective as many Exmin investors have been investing in Exmin for some length of time,not simply the last four weeks.
Drilling will enable positive NR's and generate exitement and th ecompany needs funds to drill and that is what issuing shares helps to do.
That,however,is dilutive,as is private placements.
The more shareholders that get in at .24 and participate at .30 with a half warrant are in a far better position than those who investing in Exmin at any time in the last year.
Exmin shares have traversed a channel-down-for over one full year now.
As Exmin shareholders have endured a four -fold reduction in value for their share participation/ownership since that time I would hope that the company begins adding shareholder valu through the drill-ASAP.
As for the company mitigating the effects of our 9% asset dilution with EQUALLY positive news generation let's take a look at the EXM SP record from Jan 9th-March 07:
.34 top on Jan 9th declining to a 23.5 low on Feb 14th.
Jan 9 Exmin H .34 L.32
Mar 07 Exmin H .30 L.29
Spot silver?
Jan 9 $15.05
Mar 07 $20.77
Spot silver bottomed on December 05,2007 @ $13.74 USD.
Exmin shares traded on December 05,2007 @ .32-.34 CDN.
Exmin traded at .24 on the 29th of February and double topped at .31 on March 5th,finishing at.29 on Mar 07.
Silver has moved 50% since December 05,2007.
Exmin shares have fallen as much as 32% in that same period,finishing down just shy of 15% in the same period.
That is an 82% total negative divergence holding Exmin vs holding silver bullion.