EXM - Excalibur Mining Corporation
- Thread starter moneymajix
- Start date
Kennas I think the best thing about the rally today is the fact it cleared the decks for hopefully some very positive drill results. So the impact of any positive news maybe greater now the resistance looks to have been breached.
Its unlike you Kennas to go off mid-day
Its unlike you Kennas to go off mid-day
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What exactly is the "ASX Test Market". Sorry never heard of this before only been trading for 5 months?
Cheers
Cheers
its a parallel market to the ASX, except its designed for ppl who wants to test either their trading platform or connection settings. traders sometimes use it to test their trade setups. normally its the popular stocks that gets tested on, rarely on small caps, e.g. EXM. Its probably nothing, but the institutional traders would be in this now, taking advantage of the volatility, just hope they didn't pick up too many shares below 4c, and dump it at the end of the day....
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OK thanks.
Yeah I hope that sell-off doesn't occur. This occurring plus what happened with JMS yesterday would really hurt.
Yeah I hope that sell-off doesn't occur. This occurring plus what happened with JMS yesterday would really hurt.
Sean K
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I think we can officially call this a break out now, record volume at a record close, Kennas can confirm this
: LOL.Great break on amazing volume. 18% of the company traded.
One thing to start to consider is the MC to resource comparison for a basic analysis of it's value to peers.
On it's 500K JORC it's $105 per ounce, which is starting to get high for an explorer/developer.
If we assume they are going to get the targetted 2.5m oz, then this number comes to $22, which would be the lowest value I have on my scale. Way to go for that to come to fruition though.
Even with POG taking a breather, I imagine it will open up, but there's every chance of some profit taking...
unmarketable parcels are the really small shareholders that have say a few hundred shares, they clean the share register up so it doesn't cost the company as much. More shareholders more costs.
Hey Kennas well it looks like EXM has retested that 3.8c level for you and bounced nicely.
With the major shareholder selling down over the last couple of weeks it explains the unusual amount of resistance on the way up, if anything it is a positive for EXM to get it out of the way before the Tennant Creek drilling results, there should now be less resistance on the way up next time.
I was more than happy to buy up more at 3.9c didn't think I would get the chance again. With the results due within two weeks expect EXM to rise again as we get closer, also don't discount the fact the AGM is tomorrow we may here some positive news.
Hey Kennas well it looks like EXM has retested that 3.8c level for you and bounced nicely.
With the major shareholder selling down over the last couple of weeks it explains the unusual amount of resistance on the way up, if anything it is a positive for EXM to get it out of the way before the Tennant Creek drilling results, there should now be less resistance on the way up next time.
I was more than happy to buy up more at 3.9c didn't think I would get the chance again. With the results due within two weeks expect EXM to rise again as we get closer, also don't discount the fact the AGM is tomorrow we may here some positive news.
Damn i got a bit excited, i thought it might of been the results announcement.
Oh well, hopefully soon.
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The longer it stays in the .038 to .042 channel at high volume, the better I think. Allows sellers to be soaked up in the compression phase, getting rid of the profit takers who bought in 2 to 3c range for the quick trade into the announcements. Interested to see what is in those results. High grades will equal a good Christmas folks.
Soft day for specs all round. If it holds at .038c then I would be happy. Dow is rallying into Christmas- first money pours into blue chips then into specs. Few more soft days then I am hoping for some December action. I like gold, iron ore and coal as the prices are nice and high by historical standards.
Soft day for specs all round. If it holds at .038c then I would be happy. Dow is rallying into Christmas- first money pours into blue chips then into specs. Few more soft days then I am hoping for some December action. I like gold, iron ore and coal as the prices are nice and high by historical standards.
well said bushman, I certainly think the patient will be well rewarded by EXM, the market is willing to run hard on good news, with the AGM on tomorrow and the Tennant Creek gold assays due any day wouldn't surprise to see a strong last hour as the smart money takes positions ahead of the AGM tomorrow and any positive news that may come out.
It is still a pretty tight match between buyers and sellers around the 4c mark it is hard to tell right now which way it will break.
Not downramping but I dont think the smart money will be taking positions any time soon as it was common knowledge that the gold assays are due. If anything they will be liquidating their positions. Smart money dont buy on good news.
nice end to the day with a 2 million chunk taken out of the 4c level, all eyes now turn to tomorrow's AGM and any news on Tennant Creek.
just speculating but one would think that if EXM release a more definate date for the Tennant Creek results, traders would re-enter the stock ahead of the results and we would see some extra volume and perhaps SP appreciation tomorrow.
just speculating but one would think that if EXM release a more definate date for the Tennant Creek results, traders would re-enter the stock ahead of the results and we would see some extra volume and perhaps SP appreciation tomorrow.
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I'm holding a small parcel of EXM and really surprised to see this Ann as well.
Does anyone have a different view to share regarding this Ann?
In fact, makes you wonder and think why ( Aspermont) is selling 1 or 2 weeks earlier IF the grades are expected to be excellent.
From the top of my head, Aspermont disposing some ~60m shares at this stage is out of ordinary.
Cheers,
K.T
it is important to remember aspermont is a listed investment company and they paid 1.65c for a large part of their EXM holding, they just made the decision to take some profits. Theres nothing wrong with that we all do it, at this stage they still hold a substantial amount of EXM which they are holding as we get closer to the drilling results from tennant creek.
