Australian (ASX) Stock Market Forum

EXM - Excalibur Mining Corporation

Gee EXM has been very quiet for some time.

Anyone know if we can expect some kind of news soon?

Drilling etc?

Heres sopme info: exm jumped up 22% this afternoon now back to 13 still nice to see some movement, ann, rising sun near surface drilling high grade results.

four new zones discovered to date. 22m@21.21g/t ua from 49m,including1m @ 94.90g/t au from 51m and 1m @102g/t au from 60m

3m @27.65g/t au from 113.

tried to copy and past but it would'nt do it so hope this helps
 
Heres sopme info: exm jumped up 22% this afternoon now back to 13 still nice to see some movement, ann, rising sun near surface drilling high grade results.

four new zones discovered to date. 22m@21.21g/t ua from 49m,including1m @ 94.90g/t au from 51m and 1m @102g/t au from 60m

3m @27.65g/t au from 113.

tried to copy and past but it would'nt do it so hope this helps

He3y Rob.

Thanks mate. i saw the announcement when i got home from work. had to laugh. Thought perhaps one of the directors read my previous post lol:p:

Yes more awesome results. Well i think they are.
I'm assuming its the amount of shares on issue that has the sp so low? is that correct?
Mrkt cap of $35Mil
I think there is something like 1.37Billion shares on issue? + xx amount of options.

Anyway, hopefully this can bring the sp up with my results to come:)
 
Ann. today

30 Jun 08 Appointment of Director




Dean Felton

Dean is a co-founder and Director of Oyster Consulting. Prior to this, Dean was managing the Business Analysis function, an in house advisory team, for Rio Tinto Iron Ore. Previous to this role Dean worked in a number of finance and accounting roles for over 10 years in Australia, Canada and the UK. The organisations include the Australian National Audit Office, Chartered Accountancy practice, Australian National University, and various mining houses.

Dean received an MBA from Murdoch University, graduating with Distinctions. Dean studied Business at the University of New England, specialising in Accounting.

Dean has extensive accounting and finance experience in a number of industries including mining, tourism, stockbroking, the public sector, and private practice. This work has covered internally focussed areas such as financial statement preparation and review, evaluating all capital projects and implementing cost analysis and monitoring systems. At Rio Tinto, Dean worked in externally focused areas covering work in mergers and acquisitions, being a key member on BHP merger discussions and the US$2bn North Ltd acquisition by Rio Tinto. Dean worked to create and maintain a revised Business Analysis function which undertook projects including, the development of a rail asset JV, the implementation and monitoring of a ‘recovery plan’ for an overseas subsidiary, and the development of a power asset strategy.

With Dean’s grounded and holistic business acumen he has worked on a wide variety of projects at Oyster Consulting. Dean has led multi-disciplinary teams with Argyle Diamonds, Ticor SA and Ok Tedi focused on a margin improvement program across all aspects of the businesses, these projects each have delivered annual EBIT improvements of tens of millions of dollars. Recently he has worked with emerging mining companies to provide strategic guidance for the earliest stages of company development and has also managed the due diligence and financial analysis for a multi-national business exploring investment opportunities in Australian resource companies. Dean has developed a unique approach with clients to create an integrated suite of planning, balanced scorecard and management reporting tools and techniques. Additionally, Dean co-ordinates Oysters pro-bono efforts for organisations such as the Cerebral Palsy Association of Western Australia and the Western Australian Community Foundation.

His main areas of interest and capability are focused on strategic thinking, developing effective teams, and performance management. Dean is passionate about horse racing and often enjoys a game of golf.


http://www.oysterconsulting.com.au/aboutus_teamdf.html
 
Can anyone shed some light on why the sp is doing so badly?

I mean, they are getting some great Au hits with the drilling and gold about $925/oz...what am i missing??

Why would people think its worth less now than what it was 6 months ago?
 
One or more of the following:


a. Out of favour

b. Market down generally

c. Manipulation

d. The planets have not yet aligned.

e. Don't care. Holding for the long-term.




:)
 
New announcement out about ten minutes ago on Tanami results.

Tennant Creek drill results to come shortly.
 
Yep. A very technical ann at that.

Still VERY few buyers!:(
I would have thought the sp would be higher actually considering they are in the right game in these unstable times (gold) :confused:

More results to come soon, so i hope they provoke a better market reaction.
 
Meh...that ann was never going to set the world on fire.

VERY overdue and not all that exciting. Just states targets...doesn't drop lines like "potential 4.2 trillion tonnes of 99% Manganese :D"...now that would get EXM flying!

They really need to start pumping out assay results and bringing to fruition these farm-in talks.

An initial JORC would be nice (might take til the end of the gold bull with these guys :p:).

Still a lot of results pending...let's see what the next few months hold
 
I would have thought the sp would be higher actually considering they are in the right game in these unstable times (gold) :confused:

Go Nuke, I don't think they are in the right game yet, they are exploring. Once they start producing they will be in the right game, providing of course that conditions haven't changed by then.
 
Most gold explorers on my watch are 50 - 80 % off recent highs, and around 3 - 5 year lows. There's a rare exception. EXM is in the boat with the rest unfortunately. They are all up that creek .....
 
WOW:eek:
WTF happened with this stock this afternoon????

From about 3pm it went off!
Up 30+% and Ive no idea why?

Could this be genuine? Or will we see a major retracement tomorrow?

More questions than answers:)
 
We are expecting a Jorc upgrade that has been long awaited. On 14th August Alex Bajada suggested we would have an upgrade in the next couple of weeks.

The high grades that they have been getting at shallow depths from their 17000m of drilling that they've done in the last 10 months or so have raised expectations of a substantial increase to their 553,000 JORC ounces that they already have.

They have had very slow return of results from the labs and still have a substantial number of assays outstanding. As such this will be a preliminary JORC upgrade with much more to come.

A very exciting story indeed. ;)

Littlefish
 
Whatever is happening here, it seems somewhat suspicious. Something must have leaked out. Next thing to happen should be a "please explain" from the ASX.
 
Haha a little suspicious :eek:

It happens everytime with EXM, the stock always jumps before the anns are released to the mkt, it's as plain as day yet don't expect to see any sort of query, it's the way it works :rolleyes:

Anyway, let's hope this JORC can give EXM a kick along as the price was really smashed lately..
 
Announcement this morning.
Share price is up. In another market....!



:)


INTERIM RESOURCE
Upgrade at Tennant Creek


Resource now totals 1,177,711 oz.

Suggestion of greater than 95% gold recovery at Rising Sun and Nobles Nob West




:D
 
Yep I think its fantastic news.

Open at depth and direction too!

What a shame gold has come off its highs and that EXM's share price isn't higher:(
 
Are we all still hurting badly with this stock??
I know I am:(

And all the announcements look so good too!
I wish the company would do a share buy back or someting:)
 
Are we all still hurting badly with this stock??
I know I am:(

And all the announcements look so good too!
I wish the company would do a share buy back or someting:)

hi again nuke hav'nt been on here for a while, what a great night for gold in usa gold up 11% and after that great jorc of 1.1million ounces in ground we could finally get some decent up movement good luck to all for holding lets hope gold gets back to $1000 and exm can get fast tracked into production, who knows?
 
I'm a bit suprised with this stock:confused:

Gold is back at $900 but we are still looking at .01c!

Undervalued? EXM looks to have alot of good grades just waiting to be developed into a mine!
 
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