RE:RE:RE:This effing stock...... Following my post on my previous post on the synergy-less Exn-Otis merger, one of the first casualty of this deal is Evolucion project in Mexico which was put on hold as the priority shifted to Kilgore. As mentioned before developing Kilgore is a long term proposition and the prospects of success are far from certain. Note that Mr. Market refuses to assign any value to the KIlgore projects given the Exn share price being firmly bottomed up in pre-merger price range.
As Taylor Dent stated, Exn needs to poor hundred of million of dollars to advance KIlgore and that will come from Exn shareholders pockets. In other words, KIlgore de-risking will come from share dillution.
In the past Exn failed to deliver and the ongoing uncertanty plus the prospect of the company continuing to mine shareholders pockets for a foreseable future does not help.