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Good suggestions on improving communication. I do understand that if you are all in EXS that you might object to people to who question management decision making.
Exsbull,
EXS has underperformed the market. That is a fact. If anyone took a good look at the money spent on drilling that yielded zero in terms of OZ, Why oh why would they buy into what you stated. I feel bad for the folks who bought into PP at .30, .20 and .10.
What is your response to those people?
That bad In XS is holding management accountable for their poor communication and inability to add any value? Bad In XS he is captain obvious. Bad bad InXS. Why would he take the time to warn others? He is probably loading up as he tells others to sell or stay away!
I can assure you that I will not buy another share of EXS or a company run by Dupont. EVER.
Yah it is great, tons of gold none of it economic. :(
Wow again the stock is boooooming. Better back up the truck and load up. I would go all in. But I lost all my money. Buyer beware.
How much more than a million. That is where EXS was a year ago. NO PROGRESS yet money spent without regard.
What is he doing.
It comes down to DD. I have read through the comments made and wonder what I missed. I clearly posted the results from June 2012 and the Aug 2013. I don't understand what I am missing?
I see that the threshold was lowered, that little progress was made yet the stock price has dropped. To me that is 1+1=2. Clear and simple.
I don't buy into changes in methodology and I told you so.
The purpose is to provide the board with an understanding that they can communicate their discontent directly to management. There is a reason why EXS is stuck at 4 cents. Management continues to spend with no return to shareholders. That means all the folks on the board.
Glad you asked.
To: BOA@broadoak.ca; Chris Dupont (dupont@nt.net); Jonathan Challis (jchallis@seamltd.net); mario.colantonio@pes-inc.ca
Subject: Congratulations!
Dear Friends,
I was very encouraged by the progress made over the last year. I think the overall number of OZ I&I actually remained the same (but you dropped the cut-off grade from 2.0g/t to 1.7g/t) yet you raised and probably spent $3.2M. I look forward to similar levels of success going forward.
Give yourselves a big high five!
Don’t forget “I told you so”.
Aug. 27, 2013, 9:58 a.m. EDT
Explor Reports NI 43-101 Resource Update:
609,000 Indicated Au oz;
470,000 Inferred Au oz
1,079,000 I&I
Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows:
June 06, 2012
EXPLOR REPORTS NI 43-101 RESOURCE UPDATE
212,800 INDICATED Au oz @ 4.83 g/t
814,800 INFERRED Au oz @ 3.56 g/t
1,027,000 I&I
Mineral Resources at a 2.0 g/t cut-off grade are as follows:
Money raised in between approx.: $3.2M
He said sell. A few days back.
Ask yourself how many shareholders want to get out at 5 cents at 10 cents at 15 cents ect. So much head winds that this EXS is really not going to fly.
Unless there is a major discovery hole the data so far is not enough to entice anyone.
If I do the math not much has changed. Except to say I told you so. That is 2 43 101 estimates with no movement.
Really CD Really. No Cohiba for you!
Last post... if all you have to go on is I told you so from a man who has little credibility I say I can now sell my shares. Let the tax man be my partner.
PB,
It is interesting how the optimists forget the disaster with the 43-101 and the poor guidance provided by CD. Markets don't like misses on expectations. Enough said.
No Cohiba for you.
McC and MDO dropped coverage of EXS for many reasons.
1. Lack of responsiveness
2. Poor decision making
3. Arrogance
4. Dillution
Need I continue..
Do you think there will be a 1 to 1 relationship or greater leverage for EXS/TPW given an increase in the price of gold?
When is the next 43101 out?
Here you go,
I will state once again what I have stated for well over two years. Chris Dupont is wholly responsible for losing his shareholders untold millions of dollars. The buck stops at the top and the buck stops with CD. He is a "do it his way or no way" CEO. He could care less about his shareholders. We should have all taken his my way of the highway approach as a sell signal and sold every share we owned. I also stated 18 to 24 months ago when a penny stock gets sold into oblivion like EXS has, it almost NEVER recovers. And I can assure you one thing and I can assure every poster who is still allowed to post on the EXS iHub board, as long as CD is in control, this stock will NEVER recover and you can take that to the bank......and if you want to post my comments on iHub go right ahead.
I am all in. EXS must be 5x the deposit of HM. I say easily 150M OZ of gold. Now trading at 4 cents an OZ what a steal.
I certainly don't see any hope with the existing management team. Even if gold goes to $2000 you would be better off buying the junior index rather than EXS.
Gharma,
You are the voice of reason and intelligence about EXS. Unfortunately many still keep believing that CD will turn this around.
He was quoted as saying "I told you so".
What do you think that means?
Beware insider information. Beware access to CD.
Ask him when he is getting his cohiba out.
G,
What happened to the last great hope?
Gary publicly stated that they had two VMS s at KC.
AGAIN misinformation.
I wonder what the authorities are going to do with this team?
Gharma,
Management needs to go. They have not operated in the interests of shareholders.
Poor communication
Poor financial acumen
Poor decision making
Negative shareholder value
Stop perpetuating the charade.
Remember CD great quote "I told you so"
You are right on Desti.
EXS is 4.5-5x better than a major gold mine.
CD is one of the greatest CEO's in the industry.
Don't forget I told you so.
Again I see how well CD is playing the game. The stock is down 95% and he still has people like you thinking he is a genius.
Really.
You have been checkmated!Again!
No body is buying.
NO BODY
The market changing. The junior gold stocks starting to catch a bid. Look at the last 20 news releases they have all been met with selling.
It is time to get smart. Do you understand the implication of continued spending when capital is difficult to raise and money is expensive to replace at 4 cents a share.
You are loosing every time day that CD spends more money.
I am glad yu can garnish something from your talks with CD. My position is to stop the madness. Hunker down cut CD's salary and the drilling addiction.
Need I remind you folks
Rouyn-Noranda, Canada, June 13, 2013 – Explor Resources Inc. (TSX-V: EXS, OTCQX:
EXSFF, FSE: E1H) (“Explor” or the “Corporation”) is pleased to announce that it has closed a non-brokered private placement of Flow-Through Units (the “Private Placement”) for a total
gross amount of CDN $750,000.
The Private Placement consists of 15,000,000 flow-through units at a price of $0.05 each.
Really guys. What is the return on shareholder value for the recent drill program. ZERO!
The best thing management can do is hunker and preserve cash. The problem is that CD is a drilling addict.
What is the next financing coming in at. 4 cents. Running a mining company is more that singing kumbaya every NR.
Just my four cents worth.
PB.. You seem to be turning bearish?
I thought I would share a blast from the not to distant past.
In XS said....
4 cents is the kiss of death for any stock.
EXS is the Kiss of Death for all shareholders.
Roll Back or No Roll back CD and his merry men have gone straight down with the loss of their only credible board member.
Now they are looking for new board member.TOO LATE CD. TOO LATE.
I agree but this will set all the other gold stocks in motion. I bet is that EXS would be a laggard given all the resistance on the way up. Many would be happy to get a dime.
What I am referring to is an internal catalyst.
What happened to KC???????????????????????????????????????
Don't hold your breath.
Given how beaten down EXS is what would be a realistic catalyst to move the stock to .10 cents?
PB... The band of merry men who sit on the BOD have no skin in the game yet according to the CEO they run the company.
Obviously an equation for failure.
Many unloaded at $1.10 plus when rumors were started that there was VG in hole 4.
I wonder who and how the rumor started?
As I have said once before the was a need for a CPO and more recently there is a need to bring in new blood who can have an impact on the stock not just do what the CEO wants to do.
TIME FOR CHANGE
Good going. I wish more shareholders were proactive. I didn't get a response did you?
Great article, I forwarded it to CD and the BOD.
Thanks
Tinka Announces the Approval of Its Environmental Impact Assessment for Its 100% Owned Ayawilca Project, Located in West-Central Peru
Tinka Resources Limited (the "Company"), (TSX VENTURE:TK)(PINKSHEETS:TKRFF)(FRANKFURT:TLD), announces that it has received from the General Bureau of Environmental Affairs ("DGAAM") of the Ministry of Energy and Mines ("MINEM") of Peru, the Directoral Resolution N degrees 263-2013-MEM/AAM dated July 19th, 2013, approving the Company's Environmental Impact Assessment ("EIA") for the proposed drill program on its Ayawilca zinc project located in the San Pedro de Pillao district, province of Daniel Alcides Carrion, Pasco Department.
The EIA submitted to and approved by the authorities is categorized as an EIAsd (Environmental Impact Assessment, semi-detailed) and allows the Company to include in its drill program more than 20 platforms. The Company is pleased with the approval of the EIA for Ayawilca which comes as a result of many months of committed and detailed work performed by its Peruvian management, staff members, consulting team and project stakeholders. The EIA has been approved for a period of 30 months.
Good analysis do you know why?