This discussion group might want to consider what would happen if Explor was not ABLE to raise drilling fund money...no drilling, no news, no news, no story, no story, no buyers, no buyers, no nothing. Good night Irene. So as I have said continuously, the Explor is a suberb longer term investment/speculation but my time with it has shown me that it is very costly and requires a major mining company budget. And keep in mind that the upside in ounces is tenfold bigger due to the proximity to Timmins and the size of the Bristol porphyry. Even with 300m shares o/s, a 10m ounce deposit will lift EXS to many many multiples of the current price but it will NOT happen tomorrow. That is perhaps why I get so snarky when I read all of the cheerleading in this forum that fails to address the points i have just raised. Market's don't lie and this garbage about manipulation is just that - garbage. EXS has many many shareholders from the original 2007 placement at $.20 that took profits in the latest run-up to $.50 and that is what happens when a heavily-promoted stock (2009-2010) gets creamed by drill-hole disappointment and constant funding pressures. The stock traded its entire share float in 2009 and 2010 with most of the turnover above $.75 so the overhead resistance is enormous. You need constant institutional interest in the open market to absorb the supply and that just can't happen when every dollar of new shareholder interest goes into these placements. As far as management is concerned, CD has the backing of Greg McC and MDO and a number of quite prominant players in the junior mining arena so to say he is a "lousy presenter or promoter" is bunk, notwithstanding the $38m he has raised in the public arena. He is taking on a mammoth challenge with a mammoth potential prize but one that will take time and our continued patience and if Explor loses Chris Dupont and his team, the stock will be a nickel bid in a heartbeat.
Just my two cents worth...
AI
