Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Exeter Resource Corporation T.XRC

"Exeter Resource Corporation was incorporated on February 10, 1984. It is an exploration and development company. It is engaged in gold deposits in the Maricunga district in Chile, Caspiche project."


TSX:XRC - Post by User

Bullboard Posts
Comment by sunshine20on Apr 07, 2009 10:43pm
348 Views
Post# 15903770

RE: RE: RE: share price drop...I took profits..on

RE: RE: RE: share price drop...I took profits..onszabo casey and a few posters may just be trying to shake some sharesloose. Be very careful as that 200 meter extension test could be acompany maker. A modest sized first reserve for cero morro could blowthe top of the share price too. I sold a very small amount of my sharesbut I'm holding just in case we skyrocket on a couple of potentialdevelopments.

I have better things to do than trying to shake some shares loose, even if I were capable of doing that (and I am most assuredly not). All I'm doing is trading my position after almost 2 years of only accumulating and never selling. Under the right circumstances I will be back up to my maximum share position. You are right there is risk of having a reduced position right before a "company maker" development is announced but I would actually argue that the 1200 meter hole of 0.9g/t gold and 0.33% copper was exactly that. Such a hole doesn't come along very often and yet the market didn't see it that way so I'm not sure what if anything will change its mind in the immediate future. Certainly not a modest-sized first resource (it will not be reserve) on Cerro Moro. Certainly not a 200 meter extension at Caspiche. Perhaps another hole like the 1200 meters but if that happens I bet there will be time to react before the market "gets it". In the meantime there are also the risks of an excessive position to consider, some of which I have outlined.
Bullboard Posts

USER FEEDBACK SURVEY ×

Be the voice that helps shape the content on site!

At Stockhouse, we’re committed to delivering content that matters to you. Your insights are key in shaping our strategy. Take a few minutes to share your feedback and help influence what you see on our site!

The Market Online in partnership with Stockhouse