No problem. I will address your concerns below. One moment though, before I begin, I would like to set straight an incorrect assumption of yours. I have traded in and out of EXS over the past 4 years. I have been around for quite some time, apparently longer than you.
1. Leeks by management that sent misleading information to the market. (sic)
This is hearsay and cannot be proven.
2. Insider selling prior to sub par NR
This is the benefit of being an insider. That is typical of all companies. Someone who has never invested in a stock on their own would probably be surprised by this.
3. Failure to find the hinge point after 2 years of drilling and millions of dollars spent.
This is an extremely difficult and risky business. To expect someone to find a needle in a haystack is a stretch as it is. To bet unreasonable sums of money on it is foolhardy. Since most exploration stocks fail, this is typical behavior. To be upset with it is a waste of time. You should have expected this and managed your risk accordingly.
4. The resignation of the only board member who owned stock and who held credibility in the light of a major coming in.
That person was not the only board member that owned or currently owns stock. You cannot prove that, and without any proof, there is no reason to base any decisions on that information. Furthermore, majors are still interested in mine-worthy gold deposits over 1M oz, especially deposits in areas with extensive infrastructure. The resignation of a board member does not change that.
5. Failure to negotiate an agreement with a major.
Again, this is typical of most exploration companies. To be surprised by this displays inexperience, and to bet a large amount of money on it, displays recklessness. The real question is whether there is possibility to negotiate an agreement with a major down the road, not in the past. There is a possibility. We have discussed this at length on the board.
6. No results at KC, EL PG 101.
Again, this is typical of most exploration companies. Furthermore, to expect big results after such little work is unrealistic.
7. A poor share structure.
Once again, this is typical of most exploration companies. To be surprised by this displays inexperience, and to bet a large amount of money on the idea that an exploration company would not need to dilute, displays recklessness.
8. 90% drop in stock price.
See answer to #7. It applies.
9. 100's of corporate presentations that have failed to bring in a significant institutional investor
See answer to #5. It applies.
10. 2 News letter writers that have highly touted the company and have since dropped coverage.
In general, newsletter writers are newsletter writers because they cannot make enough money picking stocks or investing. To base your decisions entirely on them is up to you, but I will trust my own judgement over others.
Kindest regards,
Gregory_
