First Asset Morningstar Emerging Markets Composite T.EXM.A

the key question

[bot_feeder]

Precious metals juniors have been mercilessly hammered the last couple of years.

At some point that has got to reverse.


I think the only ones that run a risk of not participating in that rebound are those that need to raise cash, because they are liable to have to dilute their companies into oblivion.


So that makes me wonder what is EXM's financial condition.  Their last presentation on the web I just skimmed through, it is from like Jan 08 I believe, and it is hard to infer their financial situation from that, and even if one could, it is a half year or so out of date by now.


Anyone watch this company closely enough to have a good handle on their financial situation?  Do they have some cash coming in from their stake in mines that are producing?  If so is that cash enough that they can operate without needing to go out and raise money?  I don't care if a junior needs to pull in its horns and slow down or stop its exploration work right now if they have to in order to avoid having to raise cash.

I am just trying to make sure that I don't own any juniors that are selling at fire sale prices and are on the verge of needing to raise cash.  I have a couple that have raised cash lately (QMI, ER, CBR), but those ones were in a situation to do it without their backs to the wall (QMI raised some when the market was bullish on them, ER is popular with the market lately, and CBR sold its stake in a gold operation near production for a goodly pile of cash).

But juniors that are way out of favor and have to raise cash I figure are the ones to avoid like the plague.

I'm not sure whether EXM is in that boat or not.  If it is not then it might be a pretty good time to buy some.

[revelation182]

The ugly EXM chart posts disappeared ..!Pretty well confirms the old miners saying imoThe truth hurts ...Enjoy Mining !