springhill
Make the drill work for YOU
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What was your motive for original purchase pixel, and how long ago? Has that original purchase criteria changed over time?
EXS - Exco Resources
- Thread starter JustaReader
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- exco resources exs
pixel
DIY Trader
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As to when and why, see the weekly chart:
Yes, I've traded some in 2010 and 2011, but accepted the cap return and dividend, which allowed me to hold my current position. While, from a "had I sold at the very top"-perspective, that position is currently 3c under water, I am taking the view that a team that delivered a multi-bagger once, can do so again.
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The results are good but nowhere near exciting yet and not much to create great excitement. I expect that many rode EXS into the IVA action and then moved on to more prospective companies. Management did very well and have shown skill, but now there is no easy gold and proximal copper things have changed. Perhaps for the better, but the chart shows that most of the larger people have moved on.
pixel
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Take over bid by Sol Pats today at 19cents.
IVA has sold its shares to Sol Pats...
still below my cost though... crappy price.
Same thoughts here;
and then I saw the Board came out with a "take no action" advice. Somewhat more comforting.
A friend reckons Sol simply has to make this offer because they hold over 20% - but they don't really want any more than a seat on the board and a piece of the action. In any case, the 19c bid is ludicrous when we look at the cash the guys have in the bank, plus royalties rolling in...
To me, all of that is funnymental - the chart tells me trading went already well above those 19c, so it's unlikely it'll succeed. Let's just hope the board doesn't waste any money on a defense - there shouldn't even be the need for an "independent valuation" to find out that the offer is neither fair nor reasonable.
springhill
Make the drill work for YOU
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MOUNT COLIN DRILLING UPDATE
New drilling intersects higher grade and thicker zones of copper in deepest holes.
HIGHLIGHTS
•Results for two extensional and three infill diamond drill holes received:
•EMCDD051: 9m @ 1.67% Cu & 0.18 g/t Au from 372m (5.6m true width)
•EMCDD052: 22m @ 2.27% Cu & 0.25 g/t Au from 366m (15.5m true width)
•EMCDD053: 8m @ 2.04% Cu & 0.27 g/t Au from 246m (5.9m true width)
6m @ 1.08% Cu & 0.18 g/t Au from 257m (4.4m true width)
•EMCDD054: 14m @ 2.50% Cu & 0.18 g/t Au from 261m (9.7m true width)
•EMCDD056: 15m @ 5.78% Cu & 0.53 g/t Au from 308m (9.0m true width)
Including 6m @ 11.29% Cu & 0.79 g/t Au from 310m (3.6 true width)
•Mount Colin deposit remains open at depth – further down dip drilling is in progress.
Buy v sell depth of nearly 11:1
New drilling intersects higher grade and thicker zones of copper in deepest holes.
HIGHLIGHTS
•Results for two extensional and three infill diamond drill holes received:
•EMCDD051: 9m @ 1.67% Cu & 0.18 g/t Au from 372m (5.6m true width)
•EMCDD052: 22m @ 2.27% Cu & 0.25 g/t Au from 366m (15.5m true width)
•EMCDD053: 8m @ 2.04% Cu & 0.27 g/t Au from 246m (5.9m true width)
6m @ 1.08% Cu & 0.18 g/t Au from 257m (4.4m true width)
•EMCDD054: 14m @ 2.50% Cu & 0.18 g/t Au from 261m (9.7m true width)
•EMCDD056: 15m @ 5.78% Cu & 0.53 g/t Au from 308m (9.0m true width)
Including 6m @ 11.29% Cu & 0.79 g/t Au from 310m (3.6 true width)
•Mount Colin deposit remains open at depth – further down dip drilling is in progress.
Buy v sell depth of nearly 11:1
