First Asset Morningstar Emerging Markets Composite T.EXM.A

Warrants exercised -silver top-thanks guys

[mattbigham]

I hope Exmin can learn to reward me because I am becoming tired of holding dead money. EXMIN Announces Completion of Warrant Exercise and Closing of Non-Brokered Private Placement Fri Mar 7, 10:07 AM Email Story IM Story Printable View VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 7, 2008) - EXMIN Resources Inc. ("EXMIN") (TSX VENTURE: EXM.V), further and in addition to its March 10, 2006, press release, wishes to announce that, all of the 7,266,666 share purchase warrants with an exercise price of $0.20, as well as the 1,403,333 agent's units with an exercise price of $0.15 and their underlying warrants, which were issued as part as the March 2006, private placement, have now been fully exercised. In addition, and further to its February 29, 2008, press release, the Company is pleased to announce that, after receiving approval from the TSX Venture Exchange, it has raised $100,000 in cash on closing of a non-brokered private placement consisting of 333,333 units at a price of $0.30 per unit. Each unit consists of one common share and one half of a share purchase warrant. Each whole warrant entitles its holder to purchase one additional common share at an exercise price of $0.50 per share until March 6, 2010. The shares are restricted from trading until July 6, 2008, as required by TSX Venture Exchange policies and securities law. About EXMIN EXMIN Resources Inc. is currently focused on the exploration and development of precious metal properties of significant merit in the Sierra Madre gold belt of Northwestern Mexico.

[Nosleep]

we'll see if the pressure lifts a bit now. They may still need a little time to churn through the shares though. Would be nice to see .40 again someday! Nosleep

[mattbigham]

USD just broke out of its descent and is powering up. Exmin had a chance to allow the share to float back to resistance and then exercise at the top,thus rewarding shareholders. They chose not to do this.Instead,they exercised relentlessly and the share barely moved in what was a 50% retracement for oversold silver and gold positions. Management gets paid whether they are red-faced and

[henricat]

mattbigham; I don't follow what you're saying...Exmin doens't excercise the warrants, the shareholders do. Exmin's got not control over what gets excercised and what doesn't. EXMIN Resources Inc. ("EXMIN") (TSX VENTURE: EXM.V), further and in addition to its March 10, 2006, press release, wishes to announce that, all of the 7,266,666 share purchase warrants with

[mattbigham]

Exmin controls who buys into PP's and when they are exercised. Exmin rewards Agents with warrants and the same criteria applies. Exmin controls how many warrants expire at any particulat time. Warrant redemption is dilution. Exmin can counter negative warrant redemption with positive NR's; agreements,production numbers,partnerships,drilling commencement,discoveries,acquisitions

[Nosleep]

I suppose so, yet at the same time there were many investors that used the dip to average down heavily. I added at .275 and averaged down nicely. I should have done so at .24 though. It's not up to EXM though what warrant holders do with their warrants. I don't think it was all insiders holding warrants. Nosleep

[Nosleep]

They have no way to control who gets warrants if the PP's are done through brokerages, sorry. The brokerages sell the PP to clients, they clients exercise later on. EXM has ZERO control over this. Nosleep

[mattbigham]

Exmin has total control of their company,I would like to think. Surely,they know when their own warrants expire,how many and at what stage of their company's progression and precious metals cycle they will expire into. Exmin had years to prepare for this event. The expiration of 8.67 million warrants exerting pressure on your company's share price is an event that should nolt go

[Haligonian]

The 20 cent warrants are now completey exercised and, consequently, the company has an extra $1.7 million in the coffers as a result...plenty of cash to fund the 2008 drilling plans. As far as how Exin management performed during the period leading up to the processing of those warrants, I believe that the company did a good job in mitigating the effect of their exercise on the share price

[mattbigham]

You lay out some positive points,Hal. Exmin did try to offset the dilution news with two positive NR's but they did not mitigate the dilution to its SP. To judge the performance of the company one must be objective as many Exmin investors have been investing in Exmin for some length of time,not simply the last four weeks. Drilling will enable positive NR's and generate exitement

[RADAR@214]

its a sad state of affairs credit markets woes are killing any and all attempts at any rally QUOTING ONE OF MY FAVORITE MOVIES "TRADING PLACES" MARGIN CALL GENTLEMEN YOU KNOW WE DON'T HAVE 384MILLION YOU KNOW THE RULES, ALL ACCOUNTS TO BE SETTLED AT THE END OF THE DAY SEIZE ALL HOLDING OF DUKE AND DUKE SEIZE ALL PERSONAL HOLDINGS OF RANDOLF AND MORTIMER DUKE PUT THEIR SEATS

[Haligonian]

There's no question that Exmin has been mired in a downtrend since hitting it's peak of 88 cents last year. Also, there is no doubt that this has been a painful and frustrating time for those that purchased Exmin shares at much higher price levels. Unfortunately, Exmin's performance has not been much different than many junior resource stocks during that time. (Look at AUN for

[bryancj]

Sprott Sees Financial Turmoil Pushing Gold to $2,000 an Ounce By Stewart Bailey March 10 (Bloomberg) -- Turmoil in global credit markets may lead to the collapse of a North American bank, pushing bullion prices up to $2,000 an ounce as investors seek a haven in gold, Eric Sprott said. This year's decline in banking and brokerage stocks will worsen, said Sprott, 63, founder and

[mr_man_0915]

Hi Matt and Hali....I still have some of this laggard as well and echo many of Matt's criticisms....Hali's points are valid too but his is a more optomistic persepctive to be sure....anyway, do either of you have confirmation of of the warrants, and thus the cash from coversion, was done recently?....I don't own enough for long enough to follow in the financials whteher any of them

[bryancj]

Watch out for Hochschilds Q4 results tomorrow. Should give us an indication of Moris cash costs and performance for Q4 2007.