EXM - Excalibur Mining Corporation

[Go Nuke]

I agree Paul.

This is what I see on my chart.

The MACD is rising along with the RSI slowly making higher highs. *RSI not shown here*
The MACD histogram (the white bars) are now above the zero line which, looking back through the chart you will see is generaly followed by an upwards movement in the sp.

But it will have the resistance of its 200 day MA to push through.

I think all it will need is some good news to re ignite the share price. Of course gold is still up around $900/oz but people always want to see it go higher to give gold stocks a little boost

These are just my thoughts but I too am really hanging for some news

 

[AnDy62]

Just announced an 'Exploration Update", sent the price moving up a little bit.
I couldn't see tooo much of note, but hopefully when drilling results come back, particularly Tanami, the sp will get a wriggle on

 

[AussiePaul72]

I think resource companies are just as frustrated as shareholders with the time it is taking to get results through from the lab. As mentioned in todays announcement, companies can't plan their future activities until they get results back and in some cases is starting to impact on this.
One thing highlighted in today's exploration update from EXM ........ there is plenty of news coming from drill results at Tenant Creek and also the Tanami airbourne electromagnetic survey. The update mentioned that they had received significant approaches from other companies already wanting to farm-in on the Tanami project. What do we know about this project that makes it very attractive even at this early stage? If i remember correctly EXM has rights to all precious metal discoveries and Palace Resources has rights to uranium discoveries. I'm guessing the results of this survey will be the next news that we get!
Waiting for results is certainly a good exercise in patience!! Good luck to all fellow holders

 

[moneymajix]

MD addressing shareholders frustrations on Boardroom Radio ...

EXM - Exploration Update
Mr Alex Bajada, MD
Wed, 20 Feb 2008
05:30PM


http://www.brr.com.au/asx/EXM


Some points -

Company has been continuously working through its program at Tennant Creek for 4-5mths.

There are more results to come.

Frustration on part of shareholders and directors in terms of getting
up-to-date of the anlysis from labs.
Not different to other cos. in this situation in having to wait a long time to get results back.

Not helpful or meaningful to release drilling results as of single holes. Proposes to put out something that is composite and relating to an area where there are a number of holes.


HANG ON...

 

[Bushman]

I'm hanging on Money man. The drill results will be released at some stage soon and if they live up to the 3 holes released earlier this year, watch out. I am really looking forward to them drilling Juno - that is where the bonanza grades were recorded historically.

The patient will be rewarded with this one. Unfortunately there are many who trade these due to the liquidity and hence the selling pressure when news is delayed.

Every Aussie miner who rely on third party labs are experiencing delays. It is not EXM specific. Why some do not see that, I will never know.

 

[JTLP]

Can they release all the damn results already.

I am feeling the pinch with this one. I'm down a little on my others (ranging from 2 - 10%) but this one has just been a big kick in the teeth. I am seriously struggling to see how it will reach former highs, unless they sign a JV partner / release some bonanza grades, and hopefully soon.

 

[Go Nuke]

OMG...C'mon!

I wish they would hurry up with some results.
The sp is really taking a beating here!

Support at .017

 

[AussiePaul72]

I know Nuke .... totally agree .... i think we're all keenly awaiting release of news ..... its taking forever!! I don't blame the company at all though .... its happening across the board with samples slow to get through the laboratory bottleneck due to the volume of samples being submitted during the mining boom! It certainly is a game of patience and its a shame a lot of investors in EXM are selling out before drilling results are released and driving the SP down.
I still think EXM's tenements and historical data that we have show a lot of promise and even though i'm running at a loss on this one at present i'm hanging on as there are many results to come!
Here's to seeing through the quiet and doubting times and looking forward to the (hopefully) better times ahead ......

OMG...C'mon!

I wish they would hurry up with some results.
The sp is really taking a beating here!

Support at .017

 

[AnDy62]

Some relief today, up 10% at the mo on a decent volume. Good times . May those results hurry up... I'm a bit hesitant to top up on this share because it is pretty risk-ay so ill just hold on and hope for the best

 

[Go Nuke]

Doesn't look good for EXM holders (like myself) today

SP closed below its support of .017c with heaps of sellers lined up.

I cant believe its taking so long to get some sort of announcement out!

And to add insult to injury the price of gold is dropping off.

Great..just great

 

[AnDy62]

Doesn't look good for EXM holders (like myself) today

SP closed below its support of .017c with heaps of sellers lined up.

I cant believe its taking so long to get some sort of announcement out!

And to add insult to injury the price of gold is dropping off.

Great..just great

I know, it is really frustrating. But if your fundamental reason for holding hasn't changed then hold on - a share like EXM can bounce up just as quickly with some good news. And EXM never really seemed to change with the POG much from my observation. It is a lazy share unless there is big news
in the wind. I feel your pain though with this one...

 

[Drubula]

I placed my shares for EXM in the bottom draw and maybe look at them again in 6 months. I just dont understand why little info has been forthcoming or have we all been misreading all earlier announcements on potential jorcs?????

Still hoping


Drubs

 

[alankew]

EXM and PXR have used the same contractor for their aero surveys.Unfortunately the company they used are using a French helicopter which had problems and parts had tro come from France,add in the wet season and according to one director at PXR thats the reason for the delay.Am not on this but am on PXR and I share your frustration

 

[AnDy62]

Hmmm... jumped up today on strong volume... something in the air? Chart looks good, rebound of dragon-fly doji, increasing volume. Let's hope for some good luck finally...

 

[AussiePaul72]

Hmmm... jumped up today on strong volume... something in the air? Chart looks good, rebound of dragon-fly doji, increasing volume. Let's hope for some good luck finally...

Yes something seems to be happening! Wonder if it's based on rumour or fact??? Would appear that it was a good decision that i bought more the other day at 1.7c.

Anyway, i must say that the buy:sell ratio is certainly starting to balance out and at one point today total buyers outnumbered sellers. Certainly a good sign!

Well in my opinion patience is the key and hopefully to those that wait good things will come

 

[AnDy62]

Wow, a great buy Paul! Up over 35% today with still no news. This is nice... might be something reallllly good in the works.

 

[JTLP]

Whenever I see specs like this run (bear in mind i hold this) I always just think DT's.

It was like watching IIG then RSL...then GDA...

It seems the each little spec gets love for a few days then on to the next...hopefully im wrong

 

[AussiePaul72]

Whenever I see specs like this run (bear in mind i hold this) I always just think DT's.

It was like watching IIG then RSL...then GDA...

It seems the each little spec gets love for a few days then on to the next...hopefully im wrong

You could be right JTLP! It could be DT's riding EXM. We have seen a couple of runs in the SP lately only to settle back again. Today's run was the most aggressive movement we have seen in EXM in quite a while.

Keep in mind that we have been awaiting drill results for quite a while now aswell. Maybe some news has leaked regarding drill results or maybe its just the meer fact that results are on their way maybe creating interest prior to an announcement. After no news today and a 35% increase in SP i'm expecting EXM to get a speeding ticket!!!

Disclaimer: I hold EXM

 

[Aargh!]

Announcement this morning re drilling results at Tennant Creek. Looks to be promising results at Rising Sun with grades of gold near 100 g/t. More results to trickle in.

 

[Go Nuke]

Gee dont you just love how the share price jumps 35% the day before drill results are released to the likes of you and I...

Even though I hold (currently a loss...of course) i would have liked to see EXM get a please explain.

It was just so blatant!

But other than that.....great first lot of result and hopefully more to come..lol