EXG 0.00% 3.5¢ excelsior gold limited

IMHO, the phantom seller of 1 mil shares @13c was not trying to...

  1. 3,177 Posts.
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    IMHO, the phantom seller of 1 mil shares @13c was not trying to cap the stock. He/she was trying to flush out some weak hands, simple as that. It was an orchestrated ploy following the 3.5% fall in gold futures in the U.S. Their ploy was not successful because most realise that world markets aren't bullish, in fact far from it. Gold will continue to fluctuate but will remain fairly static IMO. I'm no expert but that's my take on the current situation.

    As far as EXG is concerned, all we need to do is concentrate on the fundamentals of the company. Ore continues to be mined, delivered to mill, followed by cash coming into the company bank account. Milling has ramped up and Zoro will come on line soon enough. Lots of positives and very few negatives here people. Sure some who bought in high single digits will lock in profits. Good luck to them.

    Just my perspective. GLTAH & DYOR

    Biggles
 
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Currently unlisted public company.

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