EXM - Excalibur Mining Corporation

[Sean K]

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

I think I agree with you OBK. The results will push it one way or the other. I've backed the previous grades to come through, or at least around what their 500K JORC is based on. 25 g/t will be a good result I think. Anything triple figures, that most of us are hoping for, should push it through, all things being equal. Just a guestimate though, Mr Market can do anything....

 

[Gangis]

Decent volume going through, i was waiting for a retrace due to the resistance at 3.8, but still pushing.

I am very optimistic on the results, i want post what my target is as i will probably be laughed at.

 

[OBK]

25 g/t will be a good result I think. Anything triple figures, that most of us are hoping for, should push it through, all things being equal.

actually you've got me thinking

i haven't given much consideration into what would be considered a 'good result'. I think there are huge expectations of a significant figure so it may disappoint some when it gets released

if you look at KAL's results of their drilling program, the resource upgrade was from 630K ounces to 1.2M ounces
the results were no where near triple figure - mind you I haven't done any analysis of KAL, just some observations

from the boardroom interview, Alex Bajada was expecting an upgrade of 1.5M-2.0M ounces from the existing 500K or so. Imagine what would happen to the SP if the upgrade turned out as expected

I've got 400,000 of these so I'm hoping the drill results are as good as advertised!

just noticed 10M at 0.038. I don't think it will break through until the ANN

 

[Gangis]

Kennas

Do u think there may be some capping going on at 3.8c

I think it is odd to have that many people lined up to get out at 3.8 when results are around the corner.

 

[OBK]

well there goes my theory. 10M gone just like that at 3.8

so much for me knowing anything! (I really don't)

EDIT: Another 2M gone at 3.9. Looks like things are ramping up

 

[rico01]

Well somebody just bought 10 million odd to take out that resistance at .038
so it might move now

 

[wildmanchris]

I love that feeling when a resistance level is overcome in a flash when you thought it would hang around for ever.

Is there any better feeling?

 

[Gangis]

Same with my theory, blown out of the water, looks like the next run is apart to get going.

Should it attempt 4c and clear this could be very big as momentum is gathering

 

[OBK]

I love that feeling when a resistance level is overcome in a flash when you thought it would hang around for ever.

Is there any better feeling?

let's hope this works a second time

THERE WILL BE HUGE RESISTANCE AT 0.040!

10M at 0.038. That's a cool $380K that's been splashed.
They must be REAL confident about the drill program

 

[imaginator]

let's hope this works a second time

THERE WILL BE HUGE RESISTANCE AT 0.040!

10M at 0.038. That's a cool $380K that's been splashed.
They must be REAL confident about the drill program

Are we able to find out who that rich daddy is?
Might be some corporate or fund manager?

God bless EXM!

 

[OBK]

Are we able to find out who that rich daddy is?
Might be some corporate or fund manager?

God bless EXM!

mind you the 4M at 0.039 straight after

looks like it's stabilised (for now anyway) at 3.8/3.9

i've got a theory about the 10M @ 3.8.
My post earlier convinced them to buy !

 

[Sean K]

Still hanging in the potential breakout zone, and if that volume keeps up then we'll run out of sellers and it should run from the break with the stronger hands holding on, until there's a significant enough run for them to take profits. To speculate a little, the volume on Friday could be linked to the current drilling. If the drill pigs see some visable gold in the cores it'll be hard to keep quiet. Just speculation of course. Might be just momentum/volume traders. A hold above .038 will be the start of a telling break I think.

 

[mick2006]

certainly looking good at the moment Kennas it is just a matter of time before we break and hold the 4c level, it may require the first lot of results from tennant creek but it will happen.

as for the results they are due anytime in the next two weeks.

 

[Gangis]

Looks like there's going to be an attempt on 4c today, the anticipation of news may break 4c (or possibly a leak?)

High volume aswell looks very promising.

 

[Gangis]

Just as i finished typing, 4c was cleared, now its just gotta hold and push thru!!

Some big buys are going thru and buyers keeipng jumping on board

 

[wildmanchris]

Well there goes the 40 cent mark. Looks like there is some pretty strong interest in EXM again this morning.

 

[rico01]

The 9 million that just went through @.041 might be what we need for it to break the shackles. A couple more like that and 4c will be history

 

[nowork]

Well there goes the 40 cent mark. Looks like there is some pretty strong interest in EXM again this morning.

40 cent mark, that would be great.

Looking forward to see how it goes with some hopefully positive results.

 

[Sean K]

Looks like there's going to be an attempt on 4c today, the anticipation of news may break 4c (or possibly a leak?)

High volume aswell looks very promising.

Looks a chance but still early in the day. Encouragingly a couple of very big buy orders gone through, but let's wait and see.

I don't like calling things intraday and intra day price commentary rarely serves a purpose other than chearleading and ramping, so I'll try not to myself.

I stick to my earlier call of just looking forward to a close above .038, for a potential break. Will need to test that then for confirmation. Target from break should be the depth of the triangle, as identified in an earlier post.

 

[OBK]

my reverse curse worked again!

in the boardroom radio interview on nov 9, alex bajada said it would take 3 weeks for the drill results to be analysed.

this puts it around end of this week/early next week

the AGM is on Friday as well. anyone here who is based in perth going?
it'd be interesting what they have to say about the prospects in TC and Tanami