My free MDO email this AM......
UPDATE - MONDAY, SEPT. 24, 2012.... At the present time, our buy rating on Explor Resources is mainly do to the stock's improving technicals. As I pointed out last Friday, after trending down for the last two years, Explor finally seems to have come off life support by closing above its 50-Day Moving Average. The next logical step within our technical analysis calls for EXS to close above its 200-Day Moving Average. Assuming we get a close above the 200-DMA, this will hopefully help take us up to the $.60 level. If we are able to clear resistance in the $.50's and $.60's, then we should head to the $1.00 level.
With the technical analysis explained, make no mistake that it is still our absolute opinion that this company will never recognize its full potential for all of its shareholders unless a corporate governance is put in place, including a new and separate Chief Operating Officer - a well known name within the mining industry that would turn heads. We still maintain that Chris Dupont needs help to unlock the potential of "the largest gold discovery in Canadian history." He cannot do it all himself. Until he recognizes this and surrounds himself with a new Board of Directors, this stock will never progress beyond penny stock status. Good CEO's know how to delegate responsibilities within their company
TOMEXS
