EXM - Excalibur Mining Corporation

adobee · 15 November 2007

I am in on EXM now too.. I have paid top price but after missing out on KAL and RAU I dont care !!! I just want in on something that might run hard ...
Bring on the results .. Bring on the run !!

mick2006 · 15 November 2007

EXM is looking very strong again this morning, helped along to a degree by the surge in SP of KAL and PRE recently and also the strong rise in the price of gold overnight.

looks like the 4c level is once again strong resistance if this could be broken and held it may start to run a bit higher.

anyway should remain firm heading into the first results out of Tennant Creek due around the 1st week in december.

anyone else enjoying the EXM ride, I grabbed a very large stake around the 3c mark.

OBK · 15 November 2007

Looks like people are profit taking. up over 10% now back down to yesterday's close.

I think it may stabilize at 4c for awhile until the drilling results come out.

chicken8 · 15 November 2007

does drilling grade tend to come out midway through drilling or does it come out same time as drilling results?

Sean K · 15 November 2007

chicken8 said:
does drilling grade tend to come out midway through drilling or does it come out same time as drilling results?

How do you think they know the grade before they get the results?

Let's hope they pull up something like KAL or PRE. Punters are jumping all over these at the moment.

moneymajix · 15 November 2007

I heard EXM is in the November issue of Stock Resources magazine.

When are the drill results due?

Lots more interest in EXM in recent days.

3.7c.

UPKA · 15 November 2007

have a look at:
http://stocknessmonster.com/stock-trades?S=EXM&E=ASX

the sell off was rather small, just few ppl jumping to cash in their profit, probably most traded stock on ASX today, will be on alot of ppl's radar over the next few days!

juw177 · 15 November 2007

UPKA said:
have a look at:
http://stocknessmonster.com/stock-trades?S=EXM&E=ASX

the sell off was rather small, just few ppl jumping to cash in their profit, probably most traded stock on ASX today, will be on alot of ppl's radar over the next few days!

So the sell off was rather small but it was the most traded stock? How does that work?

Anyway, I topped up when it broke 4c only to see the retrace. Oh well, thats what I risk. Now to wait for the next attempt at breaking 4c.

UPKA · 15 November 2007

juw177 said:
So the sell off was rather small but it was the most traded stock? How does that work?

Anyway, I topped up when it broke 4c only to see the retrace. Oh well, thats what I risk. Now to wait for the next attempt at breaking 4c.

if you look at the link from stocknes, u'll see that most buy orders were put through right after when the market opened. so quite a few ppl holding large positions in EXM. u dont need a large sell off to be most traded stock on market.

adobee · 15 November 2007

I bought at 4c and helped push your potenial break out only to see it retrace.. anyway I am happy to lock it away for next month and see what happens..

Kremmen · 15 November 2007

UPKA said:
the sell off was rather small

Volume is already 10 times what it usually is for a day and we've still got 2 hours of trading left. I wouldn't call that "small".

However, it does raise an interesting question: The chartists tend to say that a rising price and high volumes is a good omen and falling price on high volumes is bad. ... High volumes and same price as yesterday's close makes it hard to know which way this is going. Lots of people getting out. Lots getting in. It's like a game of musical chairs where nobody's sure whether to play or not.

[I hold a few EXM, but mostly EXMO, because I think they're much better value if EXM is successful.]

shaunm · 21 November 2007

Well, this one is going well!?:
Anyone have any idea why this is heading South, or if any announcements are due?

mick2006 · 21 November 2007

certainly has struggled since it hit 4.1c last week, strange given the first lot of results out of tennant creek would be due in around 1.5-2 weeks.

even earlier today it tried to go on a bit of a run and then was beaten down with a very very large sell order.

I think a few are a bit nervous about what the Federal Reserve said last night, it maybe rough in the US tonight and for a couple of weeks, until the possible Santa Claus rally.

catman · 21 November 2007

mick2006 said:
certainly has struggled since it hit 4.1c last week, strange given the first lot of results out of tennant creek would be due in around 1.5-2 weeks.

even earlier today it tried to go on a bit of a run and then was beaten down with a very very large sell order.

I think a few are a bit nervous about what the Federal Reserve said last night, it maybe rough in the US tonight and for a couple of weeks, until the possible Santa Claus rally.

it was massive at market seller, could have been trying to keep it down

up until then it was going great guns, heres hoping the deep drilling results are good as the gold price is gearing up for another run especially if the Fed cuts again.

UPKA · 21 November 2007

a bit strange really:

http://stocknessmonster.com/stock-trades?S=EXM&E=ASX

7m+ shares was purchased, then an hour later it was dumped... all from 28 trades... may be im reading too much into this, but could it be from the same person?

Bushman · 21 November 2007

UPKA said:
a bit strange really:

http://stocknessmonster.com/stock-trades?S=EXM&E=ASX

7m+ shares was purchased, then an hour later it was dumped... all from 28 trades... may be im reading too much into this, but could it be from the same person?

I saw one trade of 492,121 or something like that (cannot remember the exact number but it was distinct) go through as a buy at .035 and then the exact number was off-loaded at .036 not long after. It was quite odd as the net gain was approx $500. Thought is was perplexing too.

No idea what is going on with EXM intra day.

catman · 21 November 2007

Bushman said:
I saw one trade of 492,121 or something like that (cannot remember the exact number but it was distinct) go through as a buy at .035 and then the exact number was off-loaded at .036 not long after. It was quite odd as the net gain was approx $500. Thought is was perplexing too.

No idea what is going on with EXM intra day.

I must say I was watching this like a hawk today seeing some huge trades go through then at 2.50pm bang! hammered! doesn't make sense hope someone needed the money although I am prepared to wait for this.

OBK · 22 November 2007

catman said:
doesn't make sense hope someone needed the money although I am prepared to wait for this.

i have no idea what's happening with EXM lately.
There've been a few good runs, but then hammered back down to where it came from.

I would've thought that with the drill results imminent, the price would have risen a bit.

Is it just due to everyones jitteriness about the market??

Sean K · 23 November 2007

EXM at an interesting juncture. Currently pushing up to 3.8, not shown on this chart. Looks to have gone through consolidation, to consolidation, after a few spikes to 4 ish. Potential breakout, AGAIN!

Breaking and holding above 3.8 may be significant IMO considering this resistance.

Perhaps the drilling has found some yellow stuff??

OBK · 23 November 2007

huge resistance at 3.8

i don't think it will break through that mark unless there are some good drill results which will probably be released end of next week

EXM - Excalibur Mining Corporation

adobee

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