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First Asset Morningstar Emerging Markets Composite T.EXM.A



TSX:EXM.A - Post by User

Comment by bigbeach2010on Apr 01, 2009 7:36pm
521 Views
Post# 15889596

RE: Let's move forward - Mexico Mike

RE: Let's move forward - Mexico Mike"btw, someone mentioned Mexico Mike was still talking positively of Exmin. Any summary of what was said would be appreciated. Thanks in advance."

Mike has the same opinion as most of us "bashers" here.  He does not like the deal but knows the company was backed into a corner with nowhere to turn.  Calling people here bashers is no different than calling the others pumpers.  The so called bashers have been the long term shareholders that have supported this company and  bought shares from 0.26 up to 0.80 and all the way back down to these levels.  I would hardly call these people bashers - just calling a spade a spade, we have heard lots from Karl over the last 2-3 years and have yet to see some results with the exception of one project that was completed - Moris, but this has had detrimental effects on shareholders equity.  If you search back a couple years on the boards you will find Karl as being quoted as saying "don't sell below $5", look where we are at.

I have dumped a large chunk of what I had a couple days ago however still holding 3/4 of my original, it will be interesting to see how this all plays out.  One thing for sure if there is no developements by June / July it will be time to make a full exit prior to being delisted.  I hate to be this negative but Karl needs to get something going after the Moris deal closes - sooner rather than later.  There is one insider that owns a massive piece of EXM......Hochschild, if Exmin feels that Hochs is the reason for there downfall they could also be the reason to shut down(and possibly get another start up going). I would be extremely happy to see $0.50 by summer/fall as someone predicted, this would also give that individual credibility.  In the meantime I will watch and wait, hopefully we get some sort of positive news that will propel us upwards.





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