$EXS...BAFFLED...I’m just baffled by the recent trading activity in Explor. GOLD is in the USD$1,330 range, and Copper USD$3.11. Those prices, when considered in relation to the Timmins Porcupine GOLD Deposit, and the Chester Copper Deposit in New Brunswick, should easily suggest a minimum $30-40million Market Cap. Divide by 160million shares, and the stock price even on those minimums is in a range of .18-.25CDN. Obviously, the numbers are not exact, but you get my point. So, is it really shareholders driving the price backwards every time we brush double digits? Or, is something else going on? I’ve contended on a number of occasions that Explor, with its impressive array of promising GOLD exploration properties along the Porcupine Destor Fault, and in the Duparquet GOLD Camp, would be an outstanding takeover target? When I see the clever use of ‘Dark Market’ trading platforms regularly hiding trades from the retail buyers’ eyes, it suggests, & promotes weakness in the stock. Ultimately, when the culprits make their offer to the board at say .25/share, the vast collective shareholder base might be likely to take it. As GOLD moves into $1,400, & beyond, EXS/EXSFF/E1H1 will see $2-$3.00. I believe that’s inevitable. So, please don’t be fooled by the nonsense. Now, let’s see how our favorite paid bashers respond?
Apparently, drilling at East Bay will commence shortly. Geologists are in the process of finalizing the geochemistry, and geophysics associated with potential targets, and crew & equipment are being mobilized. Further, the M&A group are hard at work, and I expect they will be presenting some interesting proposals during the coming weeks.
