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Barendverberg... I will tell you what is not looking good to me.... a stock that is trading at 2 lousy cents above it's 52 week low!! I don't know what the heck you are so giddy about???
Risk...Yep still in but we have a hell of a long way to go. Seems everyone is excited about an increase in volume. I won't be excited about this stock until we get back to at least $0.50. As for a strategy, I think CD should be shopping the company or finding a JV asap. More and more dilution with no improvement in shareholder value is a death by water torture.
Holly CRAP! This does not look good at all........I don't think 1.5 million is going to do anything for the stock. That is basically old news at this point. Market is saying more dilution and company will either fail or be bought for nothing.
I think we should be asking Gary (Wisdom -- need your help) if they have a plan to get this thing sold ASAP. If we don't get any positive momentum out of the report..... we can't just keep this dilution game going hoping that the market is going to turn, etc. There should be some sense of urgency with Gary and CD I would think. Their road shows again have not produced any positive momentum...... People, its time to pull the plug on this.....we get promise after promise and we are still stuck. We are doing the same thing thinking we are doing to get a different result!! HELP!!
We are gonna see $.06 before we see $.20. Somebody needs to demand that CD go ahead and get this company sold before we all go down with the ship!!!
Pasterboy..... very interesting. The statement that gets me is:
The shares are up 50% since the end of August in anticipation of the 43-110 and PEA but they aren’t anywhere near where they are going. Investors just don’t get it yet.
I keep asking why investors don't get EXS. Aren't we expecting a wonderful 43-101? Here we sit at a 52 week low instead of seeing a 50% or even a 10% increase in share price. And, once again CD is doing road shows with the statement from Gary that we should see the share price go up this fall..... Sept, Oct, and Nov are gone. Just waking up on the wrong side of the bed this morning!!
That sounds wonderful to me Gharma!! Believe me, I hope you are correct and just wish the market would join in on that thought process. What is your thinking on why the investment community is ignoring EXS?
At this point, I would love $1.00 for all my shares. I hope CD is working on an exit strategy..........
Yep exactly. The market does not see to give a hoot about Bristol being 5 times larger! Why? Is that a management issue or a market issue?
PBoy.... "Spot On"!!! We need a partner ASAP!! We actually just need somebody to step in and take us out of this misery....... This is like Chinese Water Torture!! Watching dilution take our equity away....
Destinator, I would imagine it would depend on how many opportunities (potential projects) the major gold producers are looking at. I am sure they model each one and basically pick the one that is going to provide the highest strategic impact at the lowest costs.
Yes CDL.... I did like Gary's remarks. I hope he is right. I also wrote him an email suggesting once again that CD consider having someone write the press releases in more understandable terms. I don't think that would hurt with prospective investors.
Thanks CDL.....good to know.
CDL I live next door to New Orleans and wish I could make it over but I am traveling. Bummer. Keep us posted.
This stock is looking weaker and weaker. There were a number of posts stating that Gary said we would see a jump in share price this fall. Well we are getting well into October and the exact opposite is happening. Wish we could get a quick deal done before more dilution to try and unload this company and give something back to the shareholders.
Amen..... let's get to the 3.0 million and unload before more dilution (that is if a major sees value in the 3.0 million at this point???). Sounds like it is going to take years and considerable investment to prove up 30 million oz.
STR.... I definitely get it!! We are basically screwed. More and more dilution that suppresses the share price. I was wishing for $.50 and now I am lowering my target to $.25....... Just get me out of this dog!! I am done........ I will take my $70k loss pack my bags and move into a nice "trailer down by the river." Thanks CD!!
If "Extremely Pleased" why the He.. are we trading down on this news???!!!!!
Bywisdom.... you gave me a chuckle!! :)) OK, I promise!!!! No only will I sell, I will never buy another penny stock in my life!!! Those are my two promises...... I hope everyone else makes a fortune on EXS but it won't be me..... unless we have a major spike or there is a buy out of some type....
EXS is looking a little better...and I am just looking for .50!!! Please give me some of my money back and I promise to never grace this site again and say another bad thing about the company!!!!
Or another way to put it...... I paid close to $100,000 for a wall paper job!! Makes for an interesting cocktail party discussion in my neighborhood. There is another house that could paper all of our houses with their investment........ GO EXS!!!
By Wisdon.... Stock certificates make wonderful bathroom wall paper!! If I took mine in 100 share lots, I could paper my entire house.......... let's hope we don't get to that point....
Bywisdom:
I think the reason these questions are significant and should be addressed is that that EXS is down over 90% from its high over two years ago. I would think that most investors should be irritated over this fact especially since EXS is one of the worst if not the worst performing stock in the junior gold sector. Yes the entire sector has been crushed but not as bad as EXS......Investors have lost millions and when you throw in the opportunity costs the picture is even worse.
I Concur with InXs. We all have most likely attended shareholder meetings or even analyst presentations where difficult questions are asked to the management team. Especially when the stock has not and is not performing.
In any event Thank You ByWisdom for submitting.
In XS.... I think these questions are absolutely "spot on"!!! As far as I am concerned, this is a defining moment for all of us.
Also, just to verify..... Ask Gary about CD's comment that we should start seeing the share price go up this fall??? Did he make that comment based on new institutional interest or drill results, etc? Gary probably won't say, but if the old JV partner is gone..... have they received new interest from potential JVs, etc?
Certainly x..... however, could you enlighten the board on what you think happened to the JV? Are they still in the picture or not? Does anyone know..... that is what I would like to know. Would that not possibly be something positive to discuss??!!
Stock price is very disappointing. Obviously the seller/s don't see value here over the short-term. This is frustrating. One would think a JV or major would be stepping into the scene..... Does anyone know what ever happened to the NDA and the potential JV that was on the hook? Was that for real or hype?
Let's all pray that the selling does not start. This is the first reasonable positive move in the stock in a very long time.
Low Risk.... what the heck does that mean? It still has risk! You took the risk and you lost.....
Cash..... the more I read your post the more I think you have been reading some esoteric crap about about the markets. The simple reason that the Primary Fund at The Reserve Failed was the Collapse of Lehman Brothers period. If you think there was another reason, you are sadly mistaken. When Lehman failed, the fund had a run on it.....just like a bank would have a run back in the 20s. After all money market mutual funds had not failed had they?!! So, if you have a "RUN" everyone demands their money by placing redemption orders. If the fund does not have enough cash it has the right to do an "Orderly Redemption" (go back and read the disclosure you signed when you invested in the fund). When the investments in the fund matured, the fund paid the investors back. I cannot make it any more simple that that!! If you believe there was some other reason that the Primary Fund at The Reserve Failed, you are out of your mind. Sorry but those are the facts period.
In XS..... the fact is "Naked Shorts" are a legal transaction. Call them what you will, but if an investor has the nuts to go naked and the stock has no restriction on an investor doing that or the broker dealer accepts the transaction, then it's an acceptable transaction. Is it fair......??? probably not according to everyone on this board, but it will go on until someone changes the regulations. I have shorted many stocks over the years and didn't have the cash to cover, but it was allowed and I did it to hedge another position.
Cash I am sorry but you are out of your mind!! I was there... in NY on the trading desk (hence ground zero!!). We had to unwind positions!! What do you mean you don't understand. Do you even know what a Money Market Mutual Fund is???? Of course you didnt get your money for a year.... what do you expect the fund to do...pay you out when there were over 5000 other investors in the fund?? If there is a run on the fund, you have to wait for the investments to mature and then you pay off the investors....it's as simple as that. Did you not know there is inherent risk in a money market mutual fund?
Sorry Cash 2 but I am not exactly following what you are saying. My point is that yes, it took you a year to get your money, but there was an "Orderly Distribution" provided. At least you got your money back. If you recall, the reason the fund broke the buck was due to the failure of Lehman. The fund's portfolio had Lehman's commercial paper in the portfolio. If the fed had not allowed Lehman to fail (which they have publicly stated was a mistake), the fund would have been fine. Yes, it took time to unwind the fund (some $6.0 billion) and it was done in an orderly fashion. As you know the investments in the portfolio had to mature as as those did, investors were paid back. Once the fund failed, the Reserve did nothing more than manage the process while the fed approved all the distributions, etc. No you did not control anything because it didn't matter. Just like a bank failure, you are not going to necessarily control when you get your funds. The Fed can step in and provide an orderly distribution of deposits if they so choose to do so.
I was at ground 0 and I can assure you I have not "misrepresented" anything! If there are not enough funds to go around, because they are invested in short-term assets, who is suppose to fork up the money? Most investors did not realize there is inherent risk in a money market mutual fund.
Pasterboy.... I would take $0.50 and be thrilled!! I am really worried about this deal. CD could get boxed in, no cash, no JV, and no ability to raise more capital. I know it's the worse possible outcome, but what's the probability of that happening in your mind?
I am afraid I have to agree with XS. If we recall, there was suppose to the a confidentiality agreement in place that we all debated about a year ago and CD was working on a partnership or some company that was going to take us out. What the heck ever happened to that deal? Why don't we hear anything about what happened there or do you think it was all a lie?
Now CD is saying he is not worried about raising more capital....??? I honestly don't get it. Stock is trading at 12 cents and he is telling us that we will see the stock go up this fall based on buying activity..... and yet he is not even considering a JV at this point???!!!!
Once again I hope we see some appreciation this fall and things start to turn around, but from past experience with EXS, I have some serious doubts.
Bywisdom.... did he say he thought the share price would increase this fall or next fall? You stated next fall but the funds are to be buy this fall....... correct? just wondering if you meant to say we should start seeing some share price improvement this fall.....??? Thanks
Pasterboy..... what is a roll back? Do you think that is a reasonable possibility for EXS?
Actually you are absolutely wrong. i would much prefer that the share price go up, but I am also a realist. We have been sitting here for over a year watching this investment crater. Most importantly I want to know what could possibly occur if we do run out of cash, etc. What options do we have if no JV comes to fruition. The fact is the price would be going up regardless of what is posted on this board if the market sees the value. There are more potential investors around the world that don't give a hoot what is posted on some chat board and don't know or care about who or what Investorshub is.
I could not agree more! If DJ is not working on a JV of some type we are all in deep S...!!! Does anyone have any idea what is going to happen if we run out of cash, the drilling stops, then what??!! I just don't have any confidence more money could be raised even if JD proves up 1.5 million oz. Would EXS file for bankruptcy/reorganization? All of us get screwed and a big player comes in and buys it up for pennies on the dollar....... What typically happens in these situations?