Replies to post #3093 on Explor Resources Inc. (fka EXSFF)

[Destinator]

When you say that we need a face lift at the board level who do you have in mind for the board and what do you think a new board should be doing to get things going?

[saskwatch]

The U.S. financing was always dillutive, and yet they chose to extend the deadline on it even after completing the Cdn financing, so to suggest a concern over dillution is the reason, well, I ain't buying that.

[saskwatch]

You wrote: "Until then, it will continue to be disparaged by the "angry shareholders" that paid way too much for their positions"

I don't see a lot of disparaging on these boards. Some justifiable concern, indeed. I've been invested for 2.5 years and have an ACB of 68c on a large (read "LARGE") position acquired in part based on hype surrounding anticipated glory holes and imminent share price appreciation. Having said that I'm a big boy and take full responsibility for my investment decisions. I, along with several others in a similar position, are still holding all of our stock and have not contributed to the share price demise.

[AGB veritas]

Interesting points of view, MJ_.

Questions:

Clarification:

1. No U.S. financing will be done. It is too dilutive and the company does not need the money.
Yes it is dilutive, wonder why would they attempt such large financings at such low prices?



2. There will no joint venture with a "major"...the only way it works is to accept a financing from a major so as to maintain EXS' 100% interest in TPW.
Is it better to give away a bigger piece of a single property, or to give away an almost as large piece of ALL the properties?



3. The IAG out of Montreal are NOT providing after-market support. Usually a brokerage firm that raises money will provide trading support.
Agreed, maybe they should tell investors to buy the sh*! out of it, because after such and such time they won't recognize the company?



4. Tax-loss selling is bearing down now.
True



5. Dupont needs to find a way to bring volume and interest into the deal. Thus far, the road shows have been a disaster.
True, how does he do that? Spin out TPW into a new company?



I don't post here very often but I like the stock at around these levels but the ONLY development that will turn the stock is a complete face-lift at the board level. Until then, it will continue to be disparaged by the "angry shareholders" that paid way too much for their positions.
Wonder what could have induced them to pay too much, MJ_?

[Destinator]

If the initial investors are so ticked off what good does it do them to issue any disparaging remarks? Does it not make sense to work with the management team instead of shooting themselves and any subsequent investors in the foot?

What would they have done differently and what do they suggest management do now?

For example, I have always been a big proponent of drilling wider spaced holes first. Investors don't need 43-101 only bureaucrats and major producers do. Based on several comments on this board it seems like they are finally listening and driving a new hole 500 meters or so from the LSG property.

Once again, I ask what a new board of directors would do to raise value and awareness of this story which we all seem to agree is an incredible gold find. I think if we make their suggestions public and if they make sense, the original investors may find more support for such measures from more and more investors.

As for ideas to get more press, a call to Sean Broderick for example could be a very good idea.