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This is all very exciting, but...show us the money....
At this point, the lack of communication from CD to all shareholders is indefensible and appears cowardly.
I would only infer that, like any investor, he believes the investment will appreciate some amount over some period of time with which he is comfortable given the risk. Any other inference is going to set us up for more of the same disappointment. Buying on insider info regarding KC assays would put him crossways with the law would it not? Regardless, this is better than him not buying or selling at the present time. Where is the rest of the BOD?
It wasn't the SP as much as the full year of drill results not moving the resource estimate. SP is influenced by many things. But the 43-101 bust is on CD one way or another and begs the question of how good a geologist he really is. That had been one of tools in his belt. Now we're down to his skill in acquiring the land package. He needs to step up his game in the communicating department and soon. One tool business leaders don't last.
With humble apologies to those I labeled publicly or privately "bashers", only a fool or idiot would sign up for more of the same. There must have been a gross miscalculation (figuratively and/or literally) that allowed 12 months of drilling to not budge the resource estimate. We deserve an explanation.
Seems like the weather in Timmins has been cooperating. I would hope they accomplished their drilling objectives. Any word?
I have heard and have believed the same story from several sources - Gary directly and from CD second hand. All consistently presented and confirmed with follow up, direct questions. Funny business would be way too easy to prove and CD has too much at risk. He's never cared what the market thinks of the company - according to many of us - so why would he start now and with such a whopper? That wouldn't make any sense.
On the surface, if a company were to suppress news (like poor 43-101 results) it would be a punishable offense, would it not? And very easy to prove should it turn out to be the case - given that the 43-101 preparing firm is not beholden to the company. If my logic is correct, then suggesting there is monkey business or worse behind the ridiculously late 43-101 is a very bold accusation. I hope and believe there is a simpler reason for the delay - as has been shared. There is an easily discoverable paper trail. But it does sound sketchy to be honest. Would be nice to have a PR remove all doubts. All IMHO.
What is disturbing is the lack of patience and insistence on hearing something before there is news or facts to report. This from the same people who hypocritically label anything positive that isn't fact or news based as "pumping" or cool aid drinking. But yet the same people scream for cd to communicate before there is news. All very double minded in my opinion.
If I am not mistaken, I've seen a video clip of Michael Ballanger discussing, in a way very similar to Destinator, the potential of TPW due to the porphyry being five times the size. It is clear to me that Destinator is discussing potential only.
That is spooky and Freudian for sure. I'm frustrated and really under water like most everyone else here. Waiting for the end game, am not selling and truly do not care what happens in between. I see that CD is methodical and conservative and trust him/his approach. That's a personal choice. Would I like higher sp at next pp? Of course. But the wailing and gnashing of teeth from some of us with every breath gets old. We get it.
I had heard from Gary on January 10 that "they had 3.5 million on hand - enough to get them through kid creek and the 10,000 meter TPW drill program with some left over". He expected a spring PP. For any would be chicken littles, the sky doesn't not appear to be falling at this time.
This site graphically presents some very interesting data concerning the world's known gold deposits:
http://www.visualcapitalist.com/wp-content/uploads/2012/07/gold-mines-deposits-ranking-2012-infographic.jpg
The data statistically supports the premise that TPW is being steadily and systematically proven to be a VERY rare deposit.
It also reveals why 3 million oz is the threshold that gets TPW into a club with a limited number of members.
Thanks to RetireToday for sharing this.
FWIW
Question: while we all look forward to and even expect continued positive assay and 43-101 numbers, what is it about the 1.5 mil and then 2.2 and then 3 million oz that make those levels thresholds for increased interest from majors or others?
A couple of points:
We are shareholders not customers. We do not keep the company in business. CD must feel he has a supply of investors for future placements, which both he and us want to keep to a minimum.
Shareholder's rights typically do not include dictating how the company is run. Though they occasionally get to vote on certain issues. Nor to my knowledge do our rights include demanding a CEO address us.
Shareholders can always vote with their feet - Though we are all so underwater to the point it seems that only a fool would sell now. Hence many folks' frustration, anger and hostility with the current SP which is at the heart of the "fire the coach" attitude of many of us here.
During a storm it may feel like a change in course is the necessary action. But sometimes staying the course in the midst of a storm is the wise approach. It is very contrarion to resist the impulse that change is the answer.
This feels a lot like a sports team that had much promise. Mid season All the star players are hurt. And fans are screaming for the coach to be fired. I am not particularly interested game results (SP) until the star players return healthy (they will) and it is playoff time.
That is just my view of all this. I am patient. No one else needs to feel that way - I am simply offering a different attitude and approach to "Fire the coach" or "make him coach the way I want" . Only Time will tell which of us was right.
JMHO
I find the tone of all questions I have seen presented extremely disrespectful. All worded to back him into a corner and then demand an answer as to Why he hasnt done like certain shareholders or groups of shareholders have requested or more accurately demanded. As the CEO and owner of a very small firm myself - I would be behaving very similarly to CD at the risk of attracting the ire of many shareholders. I am not saying it is right. Just that I understand and agree with his not responding. Of course I don't have shareholders to piss off by Singlemindedly pursuing my vision for the firm.
Keep beating CD and EXS down here and I will be picking up several 100,000 shares when you drive it under .10 as you continue to convince more of our weaker holders to sell. Is that your goal?
Because your utterly disrespectful tone surely has no positive intentions but scream of an emotional investor. When I hear an emotional investor it makes me want to do the opposite of what they propose as quickly as i can. I will be buying again soon so keep whining and beating the horse that is EXS.
what do you want CD to do in the current environment? shit some gold bricks? Seriously. If fundementals have us at the current SP as an exploration company, then Exactly what management actions could have kept the price higher...slick salesmanship? Any of the things you have been suggesting would have been short term props against the fundementals of this current junior market.
IMHO
Were the cut off g/ton increased over the first 43-101?
"Major plumbing system"
How bout that for technical jargon! Does this signal a change in CD's PR writing style to be more investor friendly, perhaps?
I like it....
B6...I seriously considered participating in PP but am too deep in EXS with no additional speculative cash presently on the sidelines to invest in juniors. So I seriously considered selling some of my position at these values even at less than the .35 PP in order to get same shares back Plus the warrants. So that is a possible explanation for the current price action. I still think it may have been a smart move to have sold shares to get cash for the PP. To me it felt greasy and definately was motivated by greed in my situation so I held. I am Not advocating or judging those who trade for any reasons - just sharing one investor's (who will hold EXS til the poof event) thought process. GLTA
Clearly one can be long term bullish on EXS and sell Shares And also consider doing something that causes, temporarily, a lower short term SP and have it be rationale.
Naive question due to my inexperience - doesn't jv involve same or more dilution than raising funds thru pp. surely the jv doesn't bring free money to the party? Of course it buys time to reach greater buyout price.
Look at it this way folks - the sale price of TPW to major will be independent of today's share price. CD has proven he is patient, even slow, and not at all moved by or seemingly interested in sp. Think of the lowest sale price per share (and therefore dividend check per share) that you can imagine being received for TPW. Certainly that lowest number which would have us all very disappointed, Is north of $1.00 right? So in the worst cast we all get above water, make some profit...maybe a double...and we have free shares! This is the worst case. So, With regard to the sp.... This too shall pass. JMHO
Well said Destinator
My advice to everyone is to pay little attention to SP until the next 43-101 update and be surprised if take out happens before. Unless you are in and out of EXS looking for short term gains it is the end game that matters. The difference in dilution between now and take out is not extremely large at .35 versus .60 per share . Sure it eats into our retutn but only nominally at the price CD will wait for. We can estimate the funds Needed to get to take out and calculate the dilution at .35 versus .60. At the sale price CD appears to be committed to getting the difference in our return isnt a big deal and that return with dilution is greater than if he gives TPW away quicjly to avoid dilution. Patience is truly his and our friend. The willingness to dilute is sadly a cost of being patient. CD has a price in mind and he is willing to wait for it. That price is not related to SP. The choices are to be patient and dilute and hold out for higher share price OR to avoid dilution and be willing to accept a lower sale price to stop the pain of disatisfied shareholders. If we are looking for gains prior to take out then we are guaranteed to experience the proven cycle of frustration we currently suffer from. I want the company focusing on the end game methodically marching toward take out not worrying about manipulating SP through promotion and fancy wording. Just the facts maam is fine with me as long as i know where we are headed. All IMHO.
Long - if you want, email me
No game going on with this - I assure you - the hypothetical I gave you is valid.
Long - Here's a hypothetical scenario:
A committed EXS investor needs to sell some EXS to raise some cash. It's not what they want to do but they need cash for some legit reason and they happened to have acquired the shares they are selling at .22...So they place a limit sell order for 50,000 shares at .41 but it doesnt move so they change the limit to .40 to see if it will sell and it only gets partially filled in the amount of 1800 shares...so it looks like an 1800 share ask at .40. No manipulation. Just an investor parting with some of their EXS shares for a legitimate reason but not willing to do a market sell which would cause the SP to have dipped all the way down to .381
All purely hypothetical of course....
Thanks Destinator -
Did you receive my emails today and on Feb 1?
Seems like they might not have made it through your spam filter which has been happpening way to often with emails sent from one of my accounts lately.
Cheers
Does anyone know what the effect (dividend or value per share) to LSG shareholders of this deal is?
Did you receive my message? EOM
Destinator - please send me an email 9496hockeydad@cfl.rr.com
I had no idea the negative posters that I was generically referencing were in some kind of alliance as a group and you as their spokesperson would take offense - but that makes total sense now that you mention it.
There is helpful advice and constructive analysis and there are posts that are plain old "beat a dog when it is down" kind of posts and it is not hard to tell the difference.
To have shown up as boo birds as if on cue after the recent PR and blase market response is very telling to me. Just my opinion and perception - doesn't need to be anyone else's.
I recently learned that one of our consistently negative posters is closely affiliated with a stockmarket research/newsletter firm.
Folks need to keep their eyes open through all this noise - do your own due diligence and be wary of people with voices that seem intent on driving the price down and keeping it down.
GLTA
Bywisdom - please send me an email if you would.
9496hockeydad@cfl.rr.com
Ted - not quite "totally" clue-less. Be nice..EOM
Several of you posters make it very clear you would like us to consider holding our shares less tightly. Why would you be encouraging that?
I saw it too. Seems to happen a lot.
I know how you feel. But remain undetered in my belief in the end game...learned to stomach the market's response to EXS news well over the 1.5 years as have most of us.
I do succumb to getting excited about SP from time to time but at the end of the day I just want someone to wake me when the buy out happens and it will - we know there is gold there now in quantities that someone will want (how much they will pay for it remains to be seen).
What happens between now and then is important but not as important as it feels in the moment. This has taught me patience and even if the dilution we fear takes place (there are other options being explored for sure) there will still be a payout worth the wait.
Good luck tomorrow - a good day would be nice but pretty irrelevant 12 months from now. All IMHO
I think we want to ask the Distance of the two high grade intercepts from each other rather than the distance of the holes since the hole is likely tagged at the entry point and we want to know the former rather than the later. IMO
Same vein, different vein. Either is excellent news, eh?