RE: Good move in allThey have put themselves in a great position, and further ahead of many of their peers in these tough times.
I think these were good moves overall, given the circumstances.
No, they have not put themselves in a great position. When you have no options left then you have to make lousy deals just to stay alive. Do you have any idea how much EXM will have lost on the Moris mine?
If you want to get more info, don't bother with email, just call the 1-866 number. I spoke with Karl Boltz directly. They are doing the right things.
So then, what "
right things" did Karl tell you they are doing?
My guess is they will be focussing on plays like their 100% owned Reyna de Oro Project which has even more promise than Moris.
Okay, you talk directly to Karl but you have to "
guess" what they will be focusing on?
With the $1.5M from Moris and the future $1.5M in returns from the other land sales, plus the cash and royalties from the sale of Urique, I believe they have given themselves enough breathing room to create production of their own.
Tell us all where this
production is going to come from? What property has a 43-101 report with reserves that warrants the investment for a producing mine? As for Urique I'd say Yale did very good on that.........
Their idea of using the JV avenue has put them in a great position in this time of Gold prices near their all time high, and most opinions calling for Gold to be in the $1500 to $2000 range within a couple years.
The JV avenue got them into a deal with Hochschild that did nothing but lose the company money. In my opinion the JV avenue has sucked big time for Exmin.
With a very low burn rate, and some cash in hand, the stock price is a steal.
If the deal closes Exmin will have a few bucks but it's not enough to do much other than keep the lights on for a while. Please give us some details as to why the stock price
is a steal? A low burn rate just means they're doing nothing and a few bucks will just keep the staff collecting a pay check for a while.
Volume is picking up, and smart money is slowly accumulating very quietly.
Yes, volume picked up today as many people dumped their shares. Heavy volume related to good news moves the stock up, which is not the case here. The volume on this stock is not in a rising pattern. The smart money dumped it a long time ago.
I wouldn't be surprised to see us back in the teens on the SP within a month, and closer to .50 by the end of the summer.
No disrespect here, and I really hope you're correct, but if you believe this then you are completely deluded......
This is the time for small cap's, and gold and silver co's especially. This is the time that fortunes will be made. I have all I can handle, so I'm just looking to hold on for a fun ride.
The time is coming for gold and silver companies but they have to have something of substance.
Good Luck to all longs who have kept the faith. We're going up from here!
I wish all the long time shareholders good luck too because I believe they are really going to need it. Unfortunately, I'm one of them and I do not believe this stock is going up any time soon. I had really hoped they would pull something out of the hat but that just did not happen and I don't think it will.