First Asset Morningstar Emerging Markets Composite T.EXM.A

reaction

[northernbull]

Very little reaction here. I'm guessing everyone is either too ticked off to comment or just don't care anymore because the writing has been on the wall for a while now and that an official announcement to say that management is a joke is absolutely no surprise.
I tried to e-mail the company on Friday to express my displeasure but the mailbox was full and my message was returned. go figure! Selling off the only thing we had going for us for a measly 1.5 million was a huge mistake in my mind. I know we hadn't generated any cash for our use yet, but how are we going to generate any interest with a million and a half bucks? What kind of mickey mouse drill program can we possibly accomplish before we go broke again? We'll be back to the market in no time, with likely nothing accomplished to warrant a decent financing. The small producer with future hopes of funding further exploration is a much better story than what we are left with now.
I don't hear anyone saying 'you can buy exmin blind at these levels' anymore.
As disgusted as I am, there's no point in selling now with my (now) small position. If we were to get any sort of a bump back to 5 cents or so, I'm sure most of us would take it and run.

Anybody disagree and feel this was the right move?

[BamBamBandito]

It sure looks to me like Hochschild took EXM to the cleaners. Here's a quote from the last news release.Caza Gold Corp., a private company, has offered to purchase EXMIN's interest in MSMM for U$ 1.5 million plus IVA, the 15% value added tax. The offer is subject to a Right Of First Refusal (ROFR) by Hochschild Mining Plc.So, this means that Hochschild can pick up the rest of the mine