EXM - Excalibur Mining Corporation

[Aargh!]

new report is out now 5pm!

Can someone transcribe?

Some Tanami electromagnetic survey report?

What does this mean for the sp?

It just reads they have commenced an airborne electromagnetic survey in the Tanami. This survey will cover the unconformity between the Victoria Burrindudu Basin and the older Tanami Complex rocks below.

Will take a week to complete and results in once the geophysicist has interpreted the results.

I wouldn't expect it to do much to the SP as its just investigating an anomaly.

 

[Doris]

It just reads they have commenced an airborne electromagnetic survey in the Tanami. This survey will cover the unconformity between the Victoria Burrindudu Basin and the older Tanami Complex rocks below.

Will take a week to complete and results in once the geophysicist has interpreted the results.

I wouldn't expect it to do much to the SP as its just investigating an anomaly.

EXM announcement just out!

PXR: Airborne Electromagnetic Survey Commencement
2 pages at: 7:10PM

I can't access this from the asx for unknown reason. Grrr...
Can anyone say if it's it connected to the earlier ann?
TIA

 

[Bushman]

EXM announcement just out!

PXR: Airborne Electromagnetic Survey Commencement
2 pages at: 7:10PM

I can't access this from the asx for unknown reason. Grrr...
Can anyone say if it's it connected to the earlier ann?
TIA

It is not connected to the earlier announcement. EXM have two separate exploration campaigns underway:
1. Tennant Creek Project - drilling old Juno and Nobles Nob sites to confirm historical drilling database.
2. Tanami - greenfield drilling campaign over 12,000 km² of prime gold country.

Today's announcement is related to Tanami; yesterday's announcement was related to Tennant Creek.

PS: remember that huge historical drill hits were from the Juno prospect. No drilling data has been released from this site to date.

 

[Doris]

It is not connected to the earlier announcement. EXM have two separate exploration campaigns underway:
1. Tennant Creek Project - drilling old Juno and Nobles Nob sites to confirm historical drilling database.
2. Tanami - greenfield drilling campaign over 12,000 km² of prime gold country.

Today's announcement is related to Tanami; yesterday's announcement was related to Tennant Creek.

PS: remember that huge historical drill hits were from the Juno prospect. No drilling data has been released from this site to date.

Thanks! So BOTH anns tonight were on Tanami. A friend emailed me:

"EXM ann same as before , except to say Palace Resources is carrying out the survey and that they will retain the Uranium rights and that EXM will have the precious metals rights. Also that Palace willcontribute 50% to the cost. Showed a map of survey site."

 

[yuyry002]

Good evening gents

Does anyone know if they are still drilling at Juno or they have finished the drilling and waiting for the results? Did not mention anything in last reports about juno.

 

[Go Nuke]

WOW

Like everything on the market what else can you say!!
Down 34+%!!!!!
OMG.
Its going to take some change to get that back to my buy in price of.035c

I guess anyone with money will make a killing once the market returns to normal..but that counts me out

 

[Go8688]

thanks god!! finally back on the 3's..hope it will keep going,. I felt trapped badly... Does anyone has any idea about this share? What is the outlook of it.. Please???

 

[Birdster]

thanks god!! finally back on the 3's..hope it will keep going,. I felt trapped badly... Does anyone has any idea about this share? What is the outlook of it.. Please???

I bought in at ~.04 on a spec buy. Things turned sour on trading halt and anns?! IMO is to hold out till they actully dig the stuff out of the ground. Which is apparently a while off.

 

[Absolutely]

thanks god!! finally back on the 3's..hope it will keep going,. I felt trapped badly... Does anyone has any idea about this share? What is the outlook of it.. Please???

Why would you buy a share you know nothing about ?

I dunno, you really are going to be trapped badly in the future if that is how you invest.

 

[Aargh!]

thanks god!! finally back on the 3's..hope it will keep going,. I felt trapped badly... Does anyone has any idea about this share? What is the outlook of it.. Please???

Well! You buy shares not knowing anything about them?! I for one wouldn't invest in anything I didn't understand or research myself. I suggest you create a trading plan.

Not intended as financial advice.... Pity common isn't common enough to be common sense....

 

[Birdster]

Hi mick,

I'm not certain how this stock is being manipulated. What evidence should I be looking for to come to this conclusion?

Thanks

Seems we have something to learn about EXM As posted before, it is a stock that is high risk high return, as with most mining companies that are in a pre drilling stage. "Absolutley" can get a great deal of info reading the entire EXM thread as all of us can do, as well as ask for readers opinions (as we all do).

What led you to buy/ invest in EXM to start with Absolutley?

 

[Absolutely]

Seems we have something to learn about EXM As posted before, it is a stock that is high risk high return, as with most mining companies that are in a pre drilling stage. "Absolutley" can get a great deal of info reading the entire EXM thread as all of us can do, as well as ask for readers opinions (as we all do).

What led you to buy/ invest in EXM to start with Absolutley?

Hey Birdster, how's it going man?

I'm not saying I know anything more then you or others here. Became aware of the stock, past drill results and the potential for high grades from current drilling program. As with all of us here it is a spec buy but most of us do some minimum research. That guy Go8688 appears from the questions he has asked to have done no research and is asking us to do it for him. He should be able to get a good idea of what is going on by reading this thread. None of us know what the outlook is. Combine that recent post with his previous one asking "How far do we think it will go?" on the announcement - well both those questions are purely annoying to me - how the FU#K do we know? Clearly the guy is expecting all of us to make him money and he seems unprepared to do any research (even just reading back through the thread) and deserves to be "trapped badly" IMO. Go to HotCopper Go8688, you'll get more favourable responses over there.

 

[Aargh!]

Seems we have something to learn about EXM As posted before, it is a stock that is high risk high return, as with most mining companies that are in a pre drilling stage. "Absolutley" can get a great deal of info reading the entire EXM thread as all of us can do, as well as ask for readers opinions (as we all do).

What led you to buy/ invest in EXM to start with Absolutley?

Birdster, perhaps you should read my previous post you just quoted. My question as you will understand when you read it has nothing to do with my knowledge of EXM as a company but rather querying another ASF poster as to their beliefs/evidence as to how the stock price was being manipulated by other traders.

I did my research on EXM prior to buying and have an exit strategy in place. Of course learning is a lifelong experience and there is still some story left in EXM but your suggestion of me not knowing things about EXM is incorrect.

 

[Birdster]

Hey Birdster, how's it going man?

I'm not saying I know anything more then you or others here. Became aware of the stock, past drill results and the potential for high grades from current drilling program. As with all of us here it is a spec buy but most of us do some minimum research. That guy Go8688 appears from the questions he has asked to have done no research and is asking us to do it for him. He should be able to get a good idea of what is going on by reading this thread. None of us know what the outlook is. Combine that recent post with his previous one asking "How far do we think it will go?" on the announcement - well both those questions are purely annoying to me - how the FU#K do we know? Clearly the guy is expecting all of us to make him money and he seems unprepared to do any research (even just reading back through the thread) and deserves to be "trapped badly" IMO. Go to HotCopper Go8688, you'll get more favourable responses over there.

Too true Absolutley. It's like taking a poll if you think it will rain more or less next month! E'one knows "DYOR" and it IS obvious (if you read this entire thread) that its a spec buy. My limited research went wandering when the drill report brought on neg results.

So in summary Go8688, it's a mining company with potential, IMO, and has rather accurate info of results in this thread and less results on ASX.

 

[Bushman]

Popped back in today. At 2.5c, surely the nervousness over the 'high market cap' will be gone. But who knows in this environment. I would have thought good drill hits, 500k oz, more drill hits to come and POG over $900 per oz would see EXM at least hold its ground but this is a soft, soft market.

 

[Birdster]

Birdster, perhaps you should read my previous post you just quoted. My question as you will understand when you read it has nothing to do with my knowledge of EXM as a company but rather querying another ASF poster as to their beliefs/evidence as to how the stock price was being manipulated by other traders.

I did my research on EXM prior to buying and have an exit strategy in place. Of course learning is a lifelong experience and there is still some story left in EXM but your suggestion of me not knowing things about EXM is incorrect.

It wasn't a personal attack against you Arrgh. I could of picked many a number of posts in this thread that have questions. I'm sorry you took offence. Asking questions without reading the thread first (Not You Arrgh) and expecting an all in one "research answer" was the point I was making.

On to EXM, They must be due for another ann soon? Airbourne EMs quick to process I would imagine, compared to soil samples. Maybe a question for the geology thread...will go see

 

[AussiePaul72]

On to EXM, They must be due for another ann soon? Airbourne EMs quick to process I would imagine, compared to soil samples. Maybe a question for the geology thread...will go see

Yes we should be expecting the results from the airbourne EM's very soon .... quarterly stated that this should be announced in early Feb ...... so could be sometime this coming week.
It won't bother me too much if they don't find much there as Tennant Creek results will be the maker or breaker for EXM at this stage. Only very early results from TC so far from a few holes but very encouraging IMO to date. Quarterly didn't give any indication as to when we might receive the next set of results ... anyone care to have a punt? with some reasoning?????
By the way, nice to see EXM with some potential diversity in nickel and uranium projects reported in the quarterly. Nickel anomalies seem to have some potential (early stages though).... did i read that right?
I lowered my buy in price on Friday by picking up some more at 2.4c ..... bringing my average down under 3c now as a precaution.
Good luck to all

 

[Doris]

Did anyone notice the announcement yesterday morning about 3 EXM directors exercising millions of options?

 

[cuttlefish]

that was part of a recent capital raising - option holders who exercised options before some date in jan (can't remember might have been the 6th) got issued a free 6c option along with the shares they got for converting the options. This put some more money in the till for exm. The directors took part in this hence the recent notice. (pretty sure thats the explanation)

 

[AussiePaul72]

Interesting time for EXM building. Looking at the market depth there is a traffic jam with buyers lined up heavily below 2.4 and sellers also lined up reasonably heavily above 2.4, hence the little movement in SP lately. Who will win the battle?????
Surely some more news can't be to far away ..... some drilling results from a few more holes wouldn't go astray!! I'm holding a reasonable amount (in my terms anyway!) of this one and my thinking changes from day to day ...... with every man and his dog on EXM sometimes i just want to look at getting out but then i think of the huge potential that these guys have in the region they are exploring and the excellent potential upside!