EXM - Excalibur Mining Corporation

[yuyry002]

some one bought 1.6mil shares at 3.8cents. anyone seeing this????????who is buying?

 

[Absolutely]

I am seeing it. My big order at 3.2c just missed out earlier today so right now I feel like puking. Refuse to chase it - drilling just started.

I guess there is a lot of promise in this drilling program and people want in early.

 

[EZZA]

exm oppies of 23% today, i only hold 1k of these. not bad for chump change though, interesting to c how this one runs.

 

[Sean K]

Nice short term breakout Friday. Will be interesting to see the follow through. With that volume, and POG flying, you'd expect a gap up. Good for holders I suppose, but caution warranted for entry on the open IMO.

Any theories on the volume?

Maybe just momentum traders?

With drilling only just started I would expect that.

 

[Kremmen]

Overall market's down 2%, but EXM is up again, with almost as much turnover as Friday. It's not a massive rise, but very nice to see in a down market.

 

[imaginator]

Was the pickup recently based on any reports?

Or are we still waiting for more reports coming out?

It is 0.35 - 36 today.

Wonder if any of you are still picking up more?

 

[Sean K]

Was the pickup recently based on any reports?

Or are we still waiting for more reports coming out?

It is 0.35 - 36 today.

Wonder if any of you are still picking up more?

I picked up some more on the break up from support. Not sure why that happened now and why it hasn't followed through with POG flying. Perhaps was just volume buying from traders. I think that as long as POG is in the spotlight, that any decent ann on their drilling could provide support. Still very spec though. Some chance they will not come up with the goods but on the information we have it seems more probable IMO that the resource will be expanded.

 

[Rob 17]

Can you stick to the facts as much as possiable and stop the spec

Its not helpful....

DYOR

 

[Sean K]

Can you stick to the facts as much as possiable and stop the spec

Its not helpful....

DYOR

Would you care to expand on that Rob, or put it in some context? Not quite sure of your point.

Cheers, kennas

 

[AussiePaul72]

Can you stick to the facts as much as possiable and stop the spec

Its not helpful....

DYOR

Yes Rob .... can you please explain and expand on your comment above.... as far as i can see and from reading EXM reports to date, Kennas has told it exactly as it is

 

[AussiePaul72]

Was the pickup recently based on any reports?

Or are we still waiting for more reports coming out?

It is 0.35 - 36 today.

Wonder if any of you are still picking up more?

Imaginator, it would be nice if EXM jumped to that level now that i am on board .... we know what you mean but it should have read 0.035 - 0.036 trading today!!

 

[happytown]

up almost 20% today on increasing volume, currently at .037

possibly increasing interest in anticipation of drilling results seeking to confirm historical grades

cheers

 

[Sean K]

Ascending triangle playing out.

A break through 3.8 - 4.0 could probably send this to the distance of the broadest part of the traingle.

This is being triggered because of POG and the likelihood of exceptional grades.

Still spec though, so be aware, but not afraid....

 

[OBK]

A break through 3.8 - 4.0 could probably send this to the distance of the broadest part of the traingle.

hopefully this happens soon
i've got quite a bit of money invested in there.

here's to spectacular drill results!

 

[Sean K]

hopefully this happens soon
i've got quite a bit of money invested in there.

here's to spectacular drill results!

Hasn't gone through yet, so I'm reserved....

Just a relatively short term chart perspective too.

The market is incredibly skittish at the moment, so 'trends' are far less reliable.

 

[gordon2007]

Kennas,

I've got a silly newbie question for you. I've noticed that you often use the term "POG". I have looked but can't seem to find out what it means. Can you help? Maybe the answer in stairing right at me but still just cannot seem to suss it out. Cheers.

Ascending triangle playing out.



This is being triggered because of POG and the likelihood of exceptional grades.

 

[prawn_86]

POG = Price of Gold
POO = Price of Oil


tra la la la go the 100 characters

 

[gordon2007]

Ahhh thanks prawn. Watch out for putting in filler text in a reply, it's rumoured one can get a mark against them for that.

POG = Price of Gold
POO = Price of Oil


tra la la la go the 100 characters

 

[prawn_86]

lol, Im a moderator so i dont think i'll be reporting myself. But generally, yes if it is not an informative post and padded out it will be removed

the 100 character rule is a good one, but can be a little restricting at times. It is better with than without it thats for sure

enjoy

 

[Sean K]

KAL spiked 100% yesterday on these results:

• 11m @ 6.69gm/t from surface (includes 3m @ 19gm/t)
• 10m @ 5.70gm/t from 62 metres
• 11m @ 2.59gm/t from 14metres
• 9m @ 3.71gm/t from 45 metres
• 9m @2.92 gm/t from 12 metres
• 14m @ 2.10 gm/t from 66 metres
• 6m @ 2.71 gm/t from 43 metres

This may have given some impetus to EXM I suspect.

Now, interesting to compare the above results to EXM:

The average grade of historic production around TC was 24 g/t.
EXM current resource of 530k oz au has an ave grade of 7.2.

If EXM manage to get some similar grades out from the drill program, might provide some interest. Obvious risk is they get nada, so it's a risk reward equation.

Support around 3 confirmed, up 20% yesterday in what is now an uptrend IMO. Looks like a potential breakout in the making.