Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Explor Resources Inc New EXSFF

Explor Resources Inc is a Canadian company which is engaged in the acquisition and exploration of mining properties in Canada. Its projects comprise of Chester Copper Deposit, Bathurst Mining Camp, Timmins Porcupine West, Montrose, Kidd Township, Carnegie and Eastford Lake among others.


OTCPK:EXSFF - Post by User

Bullboard Posts
Post by Goodwithtoyson Feb 22, 2016 9:03am
354 Views
Post# 24580948

Not Much Longer...

Not Much Longer...Theres an old expression in the mining sector A great rumour is better than 10 good drill holes. Explor has recently been the subject of a number of juicy rumblings sparking some enthusiastic buying, especially on the TSX Venture Exchange. Before I get into those, a thought or two on the market. Having closed the session Friday at .21, it warms my heart that a continuous stream of new buyers are sharing in our dream. On the US OTC market (EXSFF), Fidelity, the US Market Maker, has NO stock in supply. Every time a new buyer puts in an order on the US board, they have to buy that stock on the TSX Venture Exchange to complete the transaction. We saw Fidelity bidding for 175,000 shares at .19, eventually buying stock at .19-.20 on Friday. As more US buyers recognize the profit potential of Explor Resources, the US buying factor can only elevate the current stock price, leaving .21 in the dust! Will Tahoe be in touch?? The first question should be Will the Lake Shore Gold/Tahoe deal complete? If you go to the Lake Shore bull board, youll see page after page of dissenting shareholders comments, condemning the deal in every respect. For the deal to consummate, a two thirds majority is required at a Special Meeting of Shareholders. Now, take a look at the trading activity in LSG since Febuary 5th. Where they had been averaging +/- 4million shares a day, volumes went ballistic, now averaging over 20million shares a day over the past ten days. I think Tahoe, and Lake Shore shareholders in favour of the merger, are doing all they can to stack the vote to ensure the deal completes. Assuming it does, so what?? The merger/takeover announcement overshadowed the release of LSGs Gap144 43-101 Resource Report, showing an Indicated & Inferred Resource of 621,000 Ounces of gold. Additional drilling, subsequent to the report, is averaging over 5 grams per ton! At a distance of less than one kilometer from the SW open end of Explors TPW deposit, on the identical geologic structure, do you think Tahoe might want the Timmins Porcupine West property?? Im thinking Teck will fully exercise their 70% option by paying EXS/EXSFF $12million, less what they spent on exploration. At that point, either they JV with Tahoe, or sell their 70% stake in the TPW outright to Tahoe? Of course, as suggested many, many times on this bull board, Explors remaining 30% stake is then in serious play!! With all the key corporate officials of Teck, Tahoe, Goldcorp, et al, congregating during the PDAC event in Toronto March 6-9 inclusive, what better time to initiate negotiations with Explor? The other thing Im getting really excited about is whats going on at the Glencore Kidd mine. It is rumoured they discovered base metals values more than similar to the deposit mined since 1966, but put a halt to extraction from that section for possible encroachment. The question of encroachment onto Explors property adjacent to the mine remains unanswered. With a drilling permit forthcoming, and a deep drilling rig ready to roll, it wont remain unanswered for much longer. I suspect Glencore officials will be attending the PDAC as well??
Bullboard Posts