RE: Cash position ! Exeters resource is based on the studies that are out as well as the PEA so the economics are very strong making that explorer stock outstanding. However the huge capex of 2,6 billion is to much for the big ones right now but not in due time. The Bank of America came out last week with its gold forecast and many many others projecting some 2.400 USD per OZ. You see what happened when gold boost to 1.800 USD? Right, Exeters share price jump to 1,70 CAD within one half a week. Now gold was surprisingly down and Exeters was the same. I believe is gold gets on its way up to 1.800 again and on the 2.000 we will see investors buying any gold stock in a new rush. Exeter did correct to safe money but looking for water and grid options in that time. They reduce costs for the grid line by 10 million and Schlumberger a well-known expert company is drilling for water. With success in that we will expire positive news as well as a very strong up move potential related to gold price. I agree at the moment the situation looks worse but with its cash position and the wisdom that this stock can jump very quickly it is still something highly speculative. I do not agree pushing a stock down from 1,16 CAD to 1,05 CAD costs some millions in their market cap and doing that with 13 (!) shares is something normal.
Greetings and nice holidays or x-mas.