EXM - Excalibur Mining Corporation

[UPKA]

a bit of sell down from its highs. Kennas' right:"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."

 

[Gangis]

Kennas, you were right - i came out with the call intraday that 4c had be cleared. I was suprised by the rapid retrace, i hope the next attempt is more successful.

 

[mick2006]

some very large volume going through EXM again today thats 160 million shares changing hands in the last two trading sessions, you can''t help but feel something is building, it will be interesting if the profit takers can contain the next advance to the 4c level.

With historical results such as below and the gold spec sector running rampant see PRE/IIG it may just be the Tennant Creek gold assays that push EXM through the resistance at 4c.

1m @ 12,883 G/T Au
32m @ 670g/t Au
20m @ 333g/t Au
6.7m @ 833g/t Au
36m @ 210g/t Au

Remember the company spent 9 months planning this 15,000 metre drill campaign, hired an extra 2 geologists and have targeted an extra 2 million oz''s.

With an already defined JORC resource of 530,000 oz''s the shareprice certainly doesn''t include any exploration upside.

With volume building and results due could it be EXM that is the next spec to go on the rampage?

 

[mick2006]

very positive the amount of buyers willing to come in at the 3.8c level and with support lining up all the way down the line it may suprisingly have another crack at the 4c level again today.

with the tennant creek results due, the AGM on Friday, and the gold price remaining high maybe EXM will be a little bit insulated from the broader market sell off.

 

[imaginator]

yahoo reached 0.043 today. My sold at 0.041 was triggered. Now Im trying to get back in at 0.038.

Did anyone wanna buy too?

 

[Sean K]

Still too early to call a breakout IMO, until EOD.

However, very promising.

I'd expect a pull back around 12 while everyone goes to lunch, and perhaps some more action when the traders get back around 2 with a belly full of beer.

I want to see 3.8 tested before I start doing cartwheels.

 

[yuyry002]

guess todays sp movement has confirmed break out of 4 cents so far. we still got a half day to go.hope it stays above 4 cents and go up straight to north.

 

[Go8688]

I am new to this,,can anyone please tell me what is the prediction to this? what should i be expecting?

 

[OBK]

i've been tempted to get out at 0.043 and hope for a fall back to high 3's, but it's too close to the release of the announcement to sell

don't want to miss out on that!

 

[Sean K]

I am new to this,,can anyone please tell me what is the prediction to this? what should i be expecting?

There are 2 ways of looking at it.

Firstly, the company has 500K JORC Au and is targetting 2.5m Oz Au, approx. So, you could do some funnymental analysis and determine what the market cap should be for 2.5m Oz Au, after Capex etc etc, or do a peer comparison. I haven't done this yet.

Secondly, you could work out a technical target. In this case there looks to be a triangle formed and the break from the triangle gives a target the distance of the widest part of the triangle. About 6 cents. This is just a probability, and certainly no certainty.

Hasn't broken up yet IMO. Needs an EOD close above .038 first.

 

[moneymajix]

Well, well.

Maybe news has leaked?

AGM on Friday.


Lot more buyers than sellers.

This has cheered me up!

 

[Gangis]

Will wait for EOD, Made that mistake yesterday, but it does look promising.

Whats the highest vloume this stock has traded in a day?

Anyone rember a higher voulme day than today?

 

[nowork]

Nice movement today in a pretty down day, what do people think the price could get to on positive drilling results?

 

[OBK]

Will wait for EOD, Made that mistake yesterday, but it does look promising.

Whats the highest vloume this stock has traded in a day?

Anyone rember a higher voulme day than today?

All time is 107M off the top of my head. I'm at work so can't tell you accurately

Today's definitely beaten that

I'm still not confident in it closing and staying in the mid 4's in the next few days based on the trading patterns of the last few days

 

[moneymajix]

NO WORK

Kennas suggested 6c.

I go a bit higher to high 6s.

Lot depends on the ann. obviously.

 

[alcy]

What is EOD stand for????????
I am new to this share, ann coming soon? thanks

 

[Gangis]

EOD = End of day (close price)

An announcement is due in about a week or so. As Kennas stated the rise is not necessarily due to anticipation of results. People may have rerated the value of EXm with their current JORC

 

[mick2006]

well I step away from the computer for a couple of hours and bang, looks like some very serious buying action. Hopefully we have finally smashed the resistance at 4c.

It's always a good day when your largest holding starts to break out

 

[UPKA]

EXM is holding really well above 4c, large orders are still coming in at 4.3-4.4c, like said, EXM is going thru re-rating, exciting times ahead!!

 

[Sean K]

My only reservation is the volume, for the % gain.

On such amazing volume, I would have expected a 30% gain +.

So, plenty of sellers.

Still, looks like a probable significant break! I hate to say that intraday...