The tide of the battle will turn only once the blind can see.
The knights leading the charge can keep the reality alive by their witness, but the battle will be won by the numbers aligning, not before.

And who would those "people that would agree to such a poor deal" be?
I would submit it would be exhausted shareholders looking for any liquidity event able to give them a little smaller loss than they had come to accept as inevitable although not yet made actual.
It is not the Board of Directors, they only bring the deal to the vote of the shareholders.

But those were very anomalous years as the market for non-jewelry, non-collectible, non-industrial gold was only just (re)emerging for the US.
I don't doubt the numbers Sinclair just tossed out, only the timeline.

The communication from Wanderport to Investors is indeed a circus, I do agree.

J Sinclair is certainly not one to be ignored, but that is a bold prediction. I will take "by August" generously to mean by the end of August, as that would be a very turbulent final 19 days of July !

The problem with the takeovers of the past few months is that they offer a seemingly nice premium, in this case 33%, but it is a premium over the 30-day volume weighted share price. Of course these share prices are miserable, and even with the premium are in the range when a shareholder could have sold in the open market at the depressed levels of late last year.
Anyone happy to sell EXS at 33% premium to the recent 30-day average ?

Nice info. Thanks TamTam.
Now I just need to figure out which timezone I am in - ha.

Trouble with these BB posts, one cannot see the tongue in cheek.
I thought the part about the Chair of the BoD needing to be an independent Director was worth noting for those interested in seeing EXS turn about.

pretty much my impression, Richard knows what he is told imo and little if anything more

Does this apply to EXS?
National Policy 58-201 recommends, , in keeping with good corporate governance practices, to separate the roles of CEO and Chairman of rhe Board and to establish an independent director as Chairman
Or does EXS only illustrate why the policy makes the recommendation?

You or someone would need to search this board. I have limited or no ability to do that with a free account.

Likely spot on there, imo.
Volatility ? I am betting we have seen nothing yet, though it is just the willingness of ears to open to some of the existing negative news (and of brains to digest) away from where we now stand. It may take a real news shocker but once something that cannot be ignored comes along there will be some looking around at all these and it will likely amplify the reaction.
jmo

Fortuna reports 1,074,007 ounces of Ag and 5,183 ounces of Au for second quarter 2013
http://ih.advfn.com/p.php?pid=nmona&article=58375875&symbol=FSM
Excerpt:

If one reads into the per mine info reported the reduced recovery % for gold at the Peru mine might stand out, dropping to 40.03% from 49.68& in same Q2012, which without doubt was a contributor to the reported

However if one runs the numbers the changes to the metallurgical process at the Caylloma, Peru mine only resulted in a 121 gold ounce reduction compared to what it would have been at the prior recovery. This reduction is more than offset by the increased silver recovery (changed from 75.60% same Q2012 to 80.91% Q2 2013) due to the metallurgical adjustments which resulted in approx 32,383 silver ounces of increased recovery from the processed ore. The metallurgical changes also improved the lead and less so zinc credits at Peru. The other contributor to the drop in gold production appears to be the drop in gold grade at the San Jose mine in Mexico.
Just FYI, JMO (with a little number crunch analysis)

you post got mangled and munged
202145/251445 ?
I do not see that number anywhere except in your line

it does not appear here

untangling the munging, this seems to report
Short Volume was 202,145
Total Volume was 251,445
Just tells me maybe some quant was riding the downtrend

http://www.nasdaq.com/symbol/lsg/short-interest
shows that the total short interest peaked in Q4 2012 and lately has been almost half of what it was

gold may have been 1250 +/- then. The sentiment to future gold price, and especially the structure of mining costs has changed.
The gold does need to be there. What is much more important, and what makes the gold being there have any real value, is whether the gold that is there can be made to be somewhere else (is it economic to mine it).
There are so very many variables.
If EXS can establish at large gold resource at shallow depth (say starting from surface or near to it) and continuing mostly without interruption by barren areas for the first couple hundred meters from surface with at least a full gram per tonne then imo there might be interest from majors. To date I am not seeing that reported, just as I am not seeing the gold that is there at depth reported in grades and widths that would be economic at that depth. I am not saying that there never will be an economic resource established at TPW, just that imo the drilling reported so far is not making the case. I also believe that CD has finally come to accept this, which is why we see the changes like Chester and the drill program for East Bay showing up all of a sudden out of the blue.

Well over one year ago Wanderport claimed to have a completed working microwave based water heater.
Well over one year ago, alright.
It really does not matter that the 2005 award was supposedly for a novel water heater that Robert had created, or if it was only 4 or 5 years ago.
If it was more than a year ago, and we have been promised performance data (not hand waving, but data, with intelligible units of measure) for equally long, yet we have seen none of that, and have only "heard" of recent repairs (in the middle of testing), what does it matter?
Even the FB cheerleading team is turning the corner now toward the "where's the meat?", "put up or shut up" attitude, it is appearing that a few more months will kill off the rest of the potential interest by anyone in WDRP security (other than hopeful flippers).
And therein lies the rub. Wanderport has killed off the marketability of their stock, single-handedly and apparently with no effort expended.

at end of today's summary for Newmont's Q2 info
http://ih.advfn.com/p.php?pid=nmona&article=58382816&symbol=PVG

Yep - for sure. And that has created some great bargains especially if one tracks asset consolidation in the Yukon. Eventually the province will get another generating dam and more importantly redundant (or even a) interconnection to the national grid. It will be a while but I bet there is a lot of political and economic pressure being applied. With KAM at least they are not that far from active mine and where road/power has already penetrated. At 0.75 it is punishingly depressed at present.
JMO

To modify Bill Clinton's infamous "Depends on what the definition of is is" statement, I think what you said all depends on what your definition of "viable" is.

I have no doubt Robert could produce, and may already have produced, something that can heat water, maybe even function something like any other water heater.

imo LSG will have its day. I am also disappointed that there is no significant upward pps motion with the metals rally based on Bernank-speak and especially the summary of Q2 issued a week ago today which to me appeared to hold no surprises and show that LSG is tracking well on its plan for being cash-flow positive.

- produced 30.800 ounces AU in Q2
- on track for 120,000 to 135,000 ounces in 2013
- mill expansion nearing completion
- cap ex draw nearing completion
- cash costs lowering and to go lower

http://www.lsgold.com/Investor-Centre/Press-Releases/Press-Release-Details/2013/Lake-Shore-Gold-Reports-Record-Production-in-Second-Quarter-2013/default.aspx

I really liked that "feel free to call" part !

When will the shorting stop ? Obviously only when it stops being profitable, but when. IMO LSG needs to come back in favor with some strong investors as they got stuck deep in the dog house of institutional investors and still have to win their way back into institutional interest, or some other strong hands that will support the price.

That was then, this is now. For example, Kaminack is at NI 43-101 compliant 3.2 million ounce, and pretty much everyone knows that is going to grow after this season's drill program finishes, and grow beyond that as only 10% of the land area and some small percentage of the known anomalies have been work upon, yet it is sub-dollar now and no rumors of majors more than watching.
IMO what the majors are most interested in now needs to include low cap ex as part of its attraction.

Thx, my bad, and in fact the SEDI database does show his 500,000 options recorded (and on direct or indirect share ownership).

On the 1, 1.5, 3 million ounce guidance, if I recall correctly (and I easily may not) that came from a communication from the investor relations person Gary in responsed to one of the periodic list of questions from this board in which the plan for a NI 43-101 update each 6 months was outlined.

That's a pretty nice dashboard EasyRider. Thx for the link.

You are right on with that. Metals have weakened some going into NY open, but have been strong overnight. Silver kept bouncing on 20/o to the upside, and as you know I still see MUX as fluctuating more under influence of Ag than Au (for the time being - lets hope El Gallo starts to change that).
Of course, this is all just knee jerk from the Bernank opening his mouth, could be a passing thing, but if political issues keep oil up then the US economy numbers the Fed claims to go by will press for QE to continue.
Looking like we may go into an interesting close of the week, see if that knee rebounds or . . .

Putting some skin in the game by the new board member would be a very, very good sign . . . but then I have not seen the NR about grant of options yet.

Bid may have touched under 1.63 but aren't there always low-riders on the stack . . . just a concern it bubbled to top.
As far as I see the low transaction for the day was at 1.71 which gives you almost 5% room

So, so sad, but very likely true.

The US government has been reduced to little more than a wealth redirection machine, as far as non-defense policy is concerned.

I recall as a boy in Jr High in a class called Civics (is such a thing taught any more?) one of the "hot button" issues was whether the government was effecting "redirection of wealth" with its social policy, but from the wealthier to the poorer, and whether that was appropriate as a role of government, whether that was socialist, communist, etc..
My how things have turned full circle.

ECC continues to show relative strength in the face of this sector bear, and for no real reason other than the principals involved and the treasury as far as I have seen.

You really need to take the Clifton Star history into account when you look at current market valuation relative to resource size. This was once a promoted darling but was poorly managed, and in fact trade halted for a while, until it was reorganized and put under new management that is still working on turning it around. There has been a delay in release of a prefeasibility, which is never a good thing, but in this case it was because some exploration has found better grade potentially underground minable gold that will apparently be included in the delayed PEA.

I have to agree with your comments about NR content, and I would add that they could use grammatical improvement and reduction of repetition.
This most recent NR is quite brief but manages to twice outline the disposition of the property relative to the Clifton Star neighbor (like most people have not heard the Moose Pasture line before).

probably not much of any premium actually when you consider these are flow-through shares carrying a tax writeoff to the holders (and reducing Kaminak's stockpiled tax deductions).
Still, nice to see they could raise funds without giving warrants.

The old KISS principle does have its worth, doesn't it.
And, on the reverse, when the metals have a major cause to turn up, there will be that sheep mentality ready to ride the tide and even push the waves a little higher.

Q3 result could be pretty fine if the increase in grade and recovery reported for Q2 holds up, and tonnes milled reflects the same rate of mining plus processing of that 20 day's stockpile.

I hope that there is a reminder PR somewhere close to August 12 to remind about the conference call, as it would remind me of the financial being release before open that day.

Interesting read, a good warm-up for what hopefully turns into a more revealing interview. The way gold leasing works and the likely result if one assumes a shortage of physical causes a dramatic price increase has all been understood for decades however.

Interested in the Worm Oroborous type phenomena? The consider.
The Treasury and Fed are forced to recall leased gold, but of course that collapses the physical market as that much is unavailable, which leads to collapse of JPM, Goldman Sachs, et al. But that collapse cannot happen as they are not just too big to fail, they are now recognized by the US Government as too big to prosecute. So the US Government (with the aid of the Fed) have to bail them out, basically paying exorbitant prices for gold (via those commodity houses / bullion banks using the bailout money) to get back to the US Treasury and Fed in satisfaction of the expired leases.

Nightmare? Sure. But very real, and not really anything new. Its been that way for decades. Up to now the leases have been covered by new leases when their term comes due.

The gold and other precious metals markets have an interesting future given the dilemma that the Bernank is in . . . exit QE ? what ? we see what just the thought of it is / has been doing to the bond market. Imagine if there is actually an exit . . . the main buyer of US Treasuries cutting back on funding of the US government, plus rising rates causing the deficit to balloon unsustainably due to the increased interest burden.
EXS needs to position so it is seen to have economic resource, with the rising price of gold helping to increase what could be considered economic once that time arrives. As for now, imo that is another story altogether.

Ha . . . August 27. Oddly that is likely to be less that a week after I return from the soon to start trip along the west coast beaching it
The vehicle will definitely be ready for a wash about then.
All funning aside, I do understand your chart based reasoning and boldness, and I can see how the other day may have mimicked the double bottoming closely separated seen a number of times before, but I do find your offer of the car wash very bold, if only for one reason: past manipulation patterns are not valid predictors for future manipulation patterns, imo.
Now, the powers that be likely do, and seem to, repeat what works, but to hold the edge they also shake things up unexpectedly. Charting is fine for estimating from the large-scale averaged result of the behavior of the many. I feel it risky however when the dominant mover(s) causing the perceived average result is but one to a few, particularly a one to few known to act seemingly irrationally (EX: not for profit massive albeit short-lived selling).
While I hope you are right, that the bottom for the nearterm is in, I am not calling it as such. The weak metals market traditionally present now through September makes for an opportunity to push prices lower.

very accurate analysis of things in first paragraph imo

but we did scrape within a few cents of seeing the car wash open

Not a lot of equity financings happening that do not include hefty amount of warrants. Shows Kaminak is still among the few making the radar screens, and if I recall correctly this just about restores the treasury after this season's spending.