RE:RE:Jay Taylor likes XIMIf it wasn't for the recommendation from the GOLD Newsletter I might have sold after Taylor wrote his own article --(after all, Taylor DID recommend Bre-X !!). Some selling may be from a perceived dissapointment over no progress on a buyout of Huldra Silver ( and the court extension until September for protection). And, another possibility is a large player wants in and is driving the price down to the lower level.
I tend to think the latter is the case. I called the company,and I detected quite a bit of excitement in the voice. The bid is in for Huldra Silver -- they are not changing it. There are no other bids. If they aquire Huldra, it is just "icing on the cake" for Ximen. The main focus (and all the excitement on Ximen's part) is the Brett Property. When I called, they had 2 people on the property with Kinross experience. I also noticed in the chart that there was a gap up , aroound $.97 , ( I don't think that gap was ever filled?? Please correct me if in error).
Another point that was brought up (and I will need expert comments on this) is that a stock can't trade above a private placement except by only 10% ??? If that happens, the regulators get involved. If so, then the last PP was for $ 1.10 and that would set an above price of $1.21.
There is some crazy trading going on --- up .10 and then down .10, etc. Any other thoughts??
As Always, Best of Luck.
Alchemist7