Replies to post #2559 on Explor Resources Inc. (fka EXSFF)

[Destinator]

That is a valid point but how many more private placements can we take? We just completed a Canadian one and are still awaiting the completion of the American placement?

Are you suggesting a 3rd private placement? Any large private placement places a great deal of voting power into that investor as well. That could affect election of board members to - n'est pas?

[Tomberry]

Maybe I am missing something here, but I would suppose that any direct investment/joint venture or what ever you want to call it is going to dilute our stock. Basically the stock will come from a new issue or the treasury, but either way there will be more shares trading in the open market. Am I correct?? I doubt that anyone with big bucks is going to start buying the stock in the open market......They will want a direct issue and yes, definitely wanting participation on the board and possibly even control...depending.... please explain if my thinking is wrong.... thanks...

[AGB veritas]

No, we do not want to give the whole stable away for peanuts.

EXS is unproven and unknown to the market. We need to build a reputation as a company that CAN build shareholder value, starting by successfully proving their first deposit. Even if it means that the first property has to be discounted, which is the reality of $0.34/share.

Then as successful explorers, management could leverage exploration on follow up properties at higher share prices and full valuation.

TPW will be discounted in order to become a proven resource. The other properties should not also be given away.

A JV on only TPW would be an excellent start, but offering too many shares for all the properties at $0.40 is asking to loose your company to a major who can never provide the same share price multiples.

KEEP THE PROPERTIES SEPARATED OR WE MAY LOOSE THEM ALL FOR CRUMBS!