A mere 800 shares or $300 traded today in Canada!

Come on.

They just spent millions of dollars doing infill drilling to increase OZ.

Some how all this drilling and money has reduced the assets in the ground&*^%$@

Am I the only one who is mad as hell and think its time for a special shareholder meeting to through the bums out.

First thoughts for today

1. The 4 month delay (which I claimed they had the results in Dec.)
2. The $ spent drilling to have a reduction
3. The rational which seems sketchy
4. The lack of communication until I threatened legal action
5. The guidance of 1.5M OZ and 3M OZ in 2014

THESE 5 FACTORS REEK OF A MANAGEMENT TEAM WHO LACKS THE KNOWLEDGE AND SAVVY TO MANAGE THIS BUSINESS AND INCREASE SHAREHOLDER VALUE.

I say time for a special shareholder meeting to be held in a location that is accessible.

I think one must also factor the management team and I sense that CD and his merry men have been one of the biggest factors for the 4 cent price.

I guess the investment world has discounted the "Largest Gold Find in Canadian History" where the model indicates 30M OZ of gold to moose pasture.

I guess the learning is models are good to look at and can be very costly.

I wonder why given the price no miner has stepped up for this big white elephant.

One possible explanation is that it may not be the property or expense of finding and extracting the gold but may be more of picking JV partners with a strong management team?

Translation delay means nada.

Gharma you are right. It must be more moose pasture to add to the portfolio when money is tight.

I learned in monopoly that if you buy every property you don't have money left to build hotels.

But then again I am not a mining engineer.

The gum shoe article is from 2012. Tinka has a 30M OZ silver resource near surface.

The exciting part is the potential large zinc ore body. McCoach's presence has little impact.

OK what is you humble opinion?

I think you can get tax credits if you spend money on a 43 101 and get no credit or if you drop a north south hole and waste shareholder money.

Other than that it is just another smoke screen from the reality that there was a serious miss in guidance and zero money left in the till.

Hope that helps.

Credits are only good when you have income. I guess the next owners may seem some value in that potential asset for now it is useless to the shareholder base.

CD will have no choice but to roll back his note to shareholders is vague. I am glad you guys spoke yesterday. Maybe he mentioned that the board better step up or they are all liable for the losses that we have all incurred under this management team.

Again be careful who you align yourself with when the law comes a looken.

Maybe a threat of legal action made them respond. I don't think this was a chose.

Provide me with your email and I will share.

You asked and here is what MDO thinks..

That this is the biggest scam, the biggest pos that I've ever been involved with and like yourself, I wish the hell I'd never heard of this company. The odds of a recovery with CD in control are ZERO and I am astounded that there has not been a class action lawsuit filed against Dupont and all his yes men. In the biggest bull market of all time, Dupont has been responsible for losing his shareholders 98% of all money raised. Like I've said for the past two years, any other CEO with this track record would have been given the boot a very long time ago.

Great bounce today let's hope we see follow through. Who knows made someone realized that the last drill hole was stellar! What do you think tamtam?

Who could it be now?

I guess those emails I sent to the board about their fiduciary responsibility to shareholders has forced their hand to make some kind of statement. If I went to kindergarten today I would have learned more than what was in this note. Not a PR a note to subscribers.

BOOHOO.

REALLY tt WHO WOULD THAT BE?

TT what do you think is driving this?

Slim

I got 100k shares of this pig that I would like to unload today. Tell me when you a buying.

You may be right but I bet that Dupont and his band or merry men won't be in place.

I hope that a new management team can revive this P&D play and make it real.

Do you think that the EXS Board of Directors (below) is fulfilling their fiduciary duties to shareholders? (see duties below)

Chris Dupont, P.Eng., President and Director
Jacques Frigon, Director
Geoff Carter, P. Eng., Director
Mario Colantonio, Director

Typical duties of boards of directors include:[4][5]
1. governing the organization by establishing broad policies and objectives;
2. selecting, appointing, supporting and reviewing the performance of the chief executive;
3. ensuring the availability of adequate financial resources;
approving annual budgets;
4. accounting to the stakeholders for the organization's performance;
5. setting the salaries and compensation of company management.

The legal responsibilities of boards and board members vary with the nature of the organization, and with the jurisdiction within which it operates. For companies with publicly trading stock, these responsibilities are typically much more rigorous and complex than for those of other types.

I don't want to hear excuses any more. I don't believe them anyways. Put the excuses out in a NR and then I have evidence.

1. The 43 101 is an recognized estimate. It is what it is. The excuse are just a smoke screen. Unless management wants to officially comment on it.

2. Same as the reasons for the delay. Why do you think it was held for 4 months now that you know what the estimate is? Hmmm coincidence? do you think the 43 101 was released after the 2 worst days in gold? Again coincidence? Hmm?

3. Now fool me once shame on me. Fool me twice shame on you? Fool three times my lawyer is on it.

I don't get your point. Many of us post our evaluate management decisions and performance as well as stock price.

It is not a question of negative or positive. That is your perception. My comments are a reflection of the above. My posts for the last year have been spot on.

You can go back and dig up many of my positive posts when I thought management was doing a good job.

Over the last 18 months any manager or athlete who performed like Dupont would have been fired or traded.

Explor Hires Canadian Investor Relations Firm
is pleased to announce that it has retained Envoy Strategic Partners, an investor relations firm from Toronto ("Envoy Strategic Partners") as the Corporation' Canadian investor relations counsel.
Envoy Strategic Partners will provide investor relations, marketing and consultant services for the Canadian market for Explor Resources Inc. for a period of six months. Envoy Strategic Partners will be paid a monthly fee of $2,900 plus allowable disbursements. Additionally, Envoy Strategic Partners will receive incentive stock options, subject regulatory approvals, in the amount of 100,000 common shares at an exercise price of $0.15 per common share, valid for a period of six months.

Why bother spending another $18k on a boon doggle ? They actually need a magician to attract new Canadian investors as they can't hold on to long term shareholder.

I wonder if the board approved this expenditure?

Gharma,

This open pit and PEA is totally off the wall.
Have the resources been defined? I think it is the act of a desperate man who is running out of rope.

Let's just throw good money after bad PEA, Chester and a 43 101 that yield zero ROI. The BANK is closed for business. Time to show you can add value with the money investors give you. Mr. Dupont has zero track record of delivering shareholder value.

Man is this ever frustrating!!!!!

Time for a special shareholder meeting.

I have emailed the board and reminded them that they have fiduciary responsibilities to shareholders. But of course I haven't heard back.

Later next week I get a legal opinion on the activity from 2010 until now.

That sounds like Captain Dupont hitting an iceberg while the band of merry board members refused to full fill their fiduciary responsibilities.

The HMC iceberg is intact oooooh maybe we can avoid the iceberg by a Chester maneuver or a 43 101 turn oooooh even better lets hit the surface drilling iceberg to take the ship down.

Down we go with the ship ahoy Matie!

Texlady I say its time for a class action law suite. The Captain and his mates need to be tried.

Great results. Poor market reaction.

Tam Tam thanks for your insightful in box. Please share with us what you think about

1. The management of EXS?
2. The direction of the stock price?
3. The last 43 101?
4. The last purchase of land?
5. The chances of a roll back?

What is fact and what is fiction.

When the CEO says with great confidence that he will have 1.5M OZ by end of 2012 and 3M OZ by end of 2013 is that fact or fiction?

Who to believe?

I guess we all need to form our own opinions. My opinion is clear and has been.

Great properties poor management. The ticker has spoken loud and clear!

PB,

You are one of the few knowledgeable posters on the site. Why do you continue re-explaining your position. The facts speak for themselves.

Shareholders concerns go unanwered
Missed Guidance
Spending money with no return
Poor management
Stock at an all time low

I am of the mindset to unload the balance of my holdings at market see how low this POS will go.

G$,

I guess the share price has alerted shareholders about some of the issues with management.

I asked for answers over a year ago and was kindly told the Board makes all the decisions and we can't answer any question.

I have met and spoken to Dupont directly several times and I can tell you that he doesn't fit my model of a CEO.

I guess my learnings are to trust my own instincts. Getting emotional about a stock only costs you money.

Dupont owes many of us more than an answer. I have participated in 4 PP. Lost money on each of those.

Time for retail shareholders to demand answers.

$20,000 investment by the CEO. Wow! Each of my PP investments was much more than that.

How much skin does the Board have?

I have losses 20 times that. I am sorry but Dupont needs to go!

Part of dealing with a problem is diagnosing the issue. The last 43 101 was so poorly managed. Considering:

1. We were told it was coming in Dec.
2. Then we were told it was sent back ad it took 4 more months.
3. We were confidently told by Dupont in videos and reports that he would have 1.5M OZ.
4. The 43-101 report mysteriously appears the day after gold got hammered over $100 and shows no progress in OZ in the ground as well as misses guidance.

Sorry to rehash but Chris Dupont and the Board is accountable for the losses we have all incurred.

Texas lady I guess the shareholders don't feel they have a voice. NOBODY willing to take CD and the board to task.

NOBODY.

Red,

There is the problem in a nut shell. Don't put your hopes in CD. He thinks he knows it all based on how he treats his shareholders and past board members. Would you as a major want to do a JV with this him and let him run the show? Would he give up running his kingdom?

I doubt it on both accounts. Better to go down with the ship then admit your leadership was poor.

Wow!