Explor Resources Inc. (fka EXSFF)

[STR8Shooter2012]

Spoke to a finance wizard today and he says that at this stage, a JV is not the way to go. EXS needs to retain 100% of TPW at all costs. No major is going to accept a minority interest in the deal and will demand a majority interest AND operator status. A junior JV partner won't have nearly the financing capabilities of Explor so why give a piece of the deal?

Explor needs to secure a non-dilutive deal that allows the money-provider security of principal and an equity kicker - something like a sovereign wealth fund or a private debt/equity deal.

You have to force a major mining company to acquire ALL of Explor or ALL of TPW in order to pass-through the reward to we the minority shareholders. Anything that gives away majority interest in the deal will put a big fat bear hug on EXS' maneuverability and minimize the potential return and drag out the ultimate buyout. We MUST retain control and operator status.