OTCPK:EXSFF - Post by User
Comment by
PhillyJackon Mar 21, 2016 10:39am
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Post# 24683181
RE:Drilling??
RE:Drilling??
GWT . . . great post as always. A few questions:
1. Are we sure the Tahoe/LSG vote is a done deal? They need 66.67% to vote yes and I know that many shareholders feel management let the company go for a discount. I do believe that LSG had a substantial number of institutional investors who will vote yes in all likelihood. But are there still enough unhappy retail shareholders to nix the deal on March 31?
2. There seems to be a sudden pull on EXS management to advance the Ogden property although until recently everyone seemed excited about prospects at Kidd Creek. Can EXS drill on both Ogden and KC simultaneously or will KC be put on the back burner for a while? Do you think CD wants to get a few good drill holes at Ogden to package that with TPW for a sale to Teck or another major? I strongly believe that any major will want to take TPW and Ogden as a package.
3. Could Mr. Anonymous simply be one of the German pension funds invested in EXS that decided to take a small and quick profit on the recent bounce, or perhaps they suddenly needed the cash for other purposes?