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Bullboard - Stock Discussion Forum First Asset Morningstar Emerging Markets Composite T.EXM.A

TSX:EXM.A - Post Discussion

First Asset Morningstar Emerging Markets Composite > HOCHSCHILD IS MAJOR REASON I OWN THIS STOCK
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Post by MIDMICHIGAN on Jul 09, 2007 9:51pm

HOCHSCHILD IS MAJOR REASON I OWN THIS STOCK

I have a position in MAI for many years. Hochschild is our JV partner on the large project in Argentia. The cost of the mine is over 110 million. HS helped MAI with some big $$. Our other options when MAI needed cash was the same as EXM now, stock dilution, or, go to a bank and hedge the heck out of your production. Thanks to HS and Rob McEwan MAI has nothing hedged. Hochschild knows the territory, they get things done, and get things done when they say they will be done. EXM would be very fortunate to JV with Hochschild on every major project they have going.
Comment by mrmrre on Jul 11, 2007 9:57am
This is good new for EXM. As pointed out, there are no warrants (and also no commissions) attached to this deal so it is not really expensive. Dilution is a way of life for junior mining companies. The key is what do you get in return? This is a very strong statement in support of Karl and Dr Gibson. The fact that they are already well into the Moris JV and HOS is willing to step up and ...more  
Comment by r2j316 on Jul 11, 2007 10:12am
Well written mrmrre. I couldn't agree with you more. I remember Karl telling me once that Hochschild wanted to make Mexico a new hub of future mines. Exmin's set of land packages will present them with that opportunity ! RJ
Comment by LuvMyGold on Jul 11, 2007 11:03am
Very well stated mrmrre! Having posters like yourself on this board along with Coach, r2j, OSS and a few others, makes for very compelling reading. EXM's price is absurd, but quality projects always come to the surface at some point in time, so using this summer slow down as a time to add to one's position is not a bad idea at all. JMVHO! GLTA
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