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Xmet Inc XMTTF

XMet Inc is a mining exploration company. The company engages in the exploration of its Canadian mineral properties in the provinces of Quebec and Ontario. Its property portfolio includes Grasset Property located in the northern part of the Abitibi greenstone belt, west of Matagami, Quebec; Authier Property located mainly in Poularies and Privat townships in the western Abitibi Region of Quebec and the Blackflake Property.


GREY:XMTTF - Post by User

Bullboard Posts
Comment by juststocks500on May 02, 2014 10:29am
173 Views
Post# 22517136

RE:RE:RE:RE:RE:RE:area plays not hitting

RE:RE:RE:RE:RE:RE:area plays not hittingTektrader7, Sizzling, all other Long's - Absolutely agree.

When you wargame all the possible scenario's - "Still Drilling" is an all or nothing deal.

If you drill "frantically because you have nothing so far", then you know you're going to expend everything you have with no hopes of getting anything else. That course of action will put a complete end to XME. It's foolishness is obvious. Unless management is willing to have their share price go back to .05 once they're out of resources and obligated to report on activities, I doubt this is where they're going with this.

If you're "still drilling" and haven't reported "extraordinary issues", then you're obviously hitting something that provides good reasons to continue.

When you put what's going on in the context of the systematic and methodical approach management has been employing ever since they found the first anomalies (TDEM's VTEM's IP's etc), if anything, it's management's confidence that must be rising right now.

This begs the question about what news/progress to share and when.

In essence, they need to make a choice between reassuring the short term flippers and day traders or actual investors who are willing to give them a bit of time to obtain actual results that indicate value. If they feed the day traders and such, because they're just trying to artifically raise the share price, then they'll worry about the share price. If you feed the investors, they'll concentrate on keeping them informed of the major milestones and material results.

Now that they've attracted sufficient attention to themselves including 3 institions, I think XME has made their decision as to which side they're on. They have value and will report it properly as soon as they can.

Bullboard Posts