Xmet Inc XMTTF

RE:RE:if bad news why not announce it????

[watchmeplz]

I think were in for this.. https://www.stockhouse.com/news/press-releases/2015/06/03/balmoral-intersects-97-11-metres-grading-1-10-ni-0-13-cu-0-24-g-t-pt-0-61-g-t Balmoral Intersects 97.11 Metres Grading 1.10% Ni, 0.13% Cu, 0.24 G/t Pt, 0.61 g/t Pd and 0.17 g/t Au in Grasset H3 Metallurgical Test Hole // JOINT VENTURE ON GRASSET ANNOUNCED '$xx' for optionee of property, optionee to continue drilling in fall with 5000 meter drill program with following yearly commitments. // XMET STARTS DRILLING ON WIN-WIN using money from optionee // 6 months from now.. "PP announced to further win-win" // 8 months from now "share roll back 10:1", PP announced to further win-win, more grasset holes" LOLOL.. at least we can have some fun while we wait. I definitely do not think this is bad guys. almost certain

guyf1963 wrote: Not announcing that they struck twice can easily be explained. Assuming that they got assays 1.5 month ago and the announcibg share consolidation when the SP was around 0.035-0.04, then they coyld have announced a 5:1 share consolidation. Before this is voted at the agm the sp would likely get down to 0.01. So how do you prevent that you simply let the SP go down on its own until it's close to 0.01 which will happen unless the pull a rabbitt. Then announce the 10:1 share consolidation that is best for the share holders blah blah blah. XME are following the same path as CKR. Face it getting win-win keeping the cash to pay their monthly salaries is just proof of what's coming up. Sold some last week at a lost but still have more than 450,000 but my average in that account is around 0.07. I'm in the same boat than what i am now with ckr, with the exception that CKR has graphite on all properties. So I will likely keep part of my xme as I am not prepared to loose about $20,000