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EXM - Excalibur Mining Corporation

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Gee it was holding up well this morning but again only managed to hit .044c

What the hell is going on with the ASX today!
The DOW is up again but we are sliding down??

It would have been great for those ann to come out to take advantage of the record gold prices. I'm guessing that gold will start to retreat a bit soon after some stellar runs up.

Hopefully this wont affect the size of the rocket that hopefully goes under EXM's share price.
 
Big things from EXM have been discussed of recent times hinging on the drilling results due anytime. Any delay in the drilling results would have an effect on the present market fluctuation of the share price.

Good daily buy and sell.
 
Can someone correct me if i'm wrong - but they would have to have some MASSIVE drill results to send this flying. Its already got a large market cap for a gold spec play.

I know the historicals are good, but.....

Disclaimer: Have traded, scared to hold for annoucement.
 
Chris i think the point is as YT made a couple of days ago,punters are looking for companies in which they can buy a shed full of shares and make 100% in a day.Not saying anything about EXM but think this is whats happening here
 
I wonder if something is brewing here ......... in terms of an announcement or whether its just day traders riding EXM!
Last 3 days of trading have consistently seen over 50 million traded each day. We haven't seen those sort of volumes since late November. Its sent the SP up into the high 3's and up to 4.4 on Friday morning. I got the feeling that it was only market sentiment that pegged it back to high 3's at close.
Looking at current market depth, it will only be the Dow's fall on Friday and flow on effect to the XAO on Monday that will seem to prevent it from heading into the 4's again.
I'm an EXM holder and had a sell order in for a portion of my holdings at 4.3 on Friday but just missed out. I agree with some previous comments that the announcement would have to be a VERY good one (which isn't out of the question) to send EXM rocketing up as it has a reasonable market cap of over $50 million now.
What do others think?
Best of luck to all and DYOR
 
Trading halt pending announcement later this morning. Hopefully what we have been waiting for.......
 
Riight

I had a sell in this morning as well!!

anyway hope all good news

and did you see the price of Gold this AM... The yanks are reverting to the lumpy mattress method



Pog..
 
And it would seem to be a perfect day to announce (thinking that it will be a "good drilling result" announcement) imo
 
one would think it will be the first set of results from the tennant creek gold exploration program, and given they have gone into a trading halt it should be good news, rarely do companies go into a trading halt to release ordinary exploration results.

Hopefully it is what we have all been waiting for.
 

There was big volume last week as well. Hmmmm....

I am hoping it is good drill ann as well on Juno. Would set EXM up for a good year as it firms up the 2.5m ounces.

But time will tell.
 
Yes, I can't wait anymore either,,
How far do you think it will go? anyone has any ideas? How many more announcement would there be after this?
 
Go8688 said:
Yes, I can't wait anymore either,,
How far do you think it will go? anyone has any ideas? How many more announcement would there be after this?
Click to expand...
You're assuming it's good news, I assume? On past results, you may assume so. How high might depend on how hard it's ramped at HC. You won't know a fundamental value of the company until there are many many more drill results completed and a PFS done at least. In the meantime, lots of speculation. If they are 'outstanding' beware of a pump and dump. Hope they're good for holders!

If they are in fact drill results.....
 
The announcement did say that it would be "Later" this morning... so I recon it will be 11:59 & 59 seconds
 
Go8688 said:
Yes, I can't wait anymore either,,
How far do you think it will go? anyone has any ideas? How many more announcement would there be after this?
Click to expand...

Watch out the hype - this may not go to the plan you are expecting even if the results are good. These things are governed by emotional hype and not by fundamental value. Talking about how far can it go is not useful and dangerous.
 
Hopefully will be good news however I think that EXM is highly over anticipated.. every man and there dog talks about EXM and has a parcel waiting for the 'great announcement' the problem is whos guying to buy it if everyone already owns and is waiting to bag there return & sell .. who on this thread is actually holding EXM for the long term ???
 
Absolutely said:
Watch out the hype - this may not go to the plan you are expecting even if the results are good. These things are governed by emotional hype and not by fundamental value. Talking about how far can it go is not useful and dangerous.
Click to expand...

Agreed - there could well be a dump on the ann release. Has happened to me quite a few times. It all comes down to what is ann vs what traders expect there to be ann. Also you never know what games traders are playing until the transactions hit your screens.

Play it how you see it, keep in mind that this is drill result one of many (if, indeed, it is drill results) and watch the pump and dump if results are good. P&D happens every time as this stock is very well known and the fact that drill results are out now is also very well known.

Having said that, I am VERY INTERESTED in seeing what is in this ann. Good luck holders.
 
Jockstar73 said:
The announcement did say that it would be "Later" this morning... so I recon it will be 11:59 & 59 seconds
Click to expand...

I think its gonna be Perth time not the eastern std time... so its couple of hrs behind, say 1.30pm-2pm.
 
This will be the first of a series of announcements due over next few months from the huge drilling campaign. I will hold .... assuming the 1st Ann is good of course which I think it will be
 
Yep

I think I have worn out my refresh!

...............................................

anyway

I hope this is not the first of missed deadlines? :

Pog
 
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