I averaged down today...
...hoping the bottom is finally in...here with the tax-loss-selling. I just can't believe there could be much more downside in EXN after the New Year. 1.Dewatering system should be finished in Jan? isn't it? Thus costs are way DOWN and profits should be immediate. 2. Production numbers in Jan and Feb should provide immediate return to pre-waterlogged prices...if silver prices are not engineered even lower. 3. How can there be enough silver supply at these prices with copper/zinc/gold mines shutting down and most of silver mined is secondary not primary ore.?
4. Technically, extreme high volume signalled the bottom, and looks like we are getting a bull flag forming which (if it does erupt to the upside) could take us through the downtrend line in days to a couple of weeks...
GLTA honest PM believers! Happy holidays!
gildage