phone call, page-21

Verytricky,

I hear you mate. I've been hanging on to all my EXM wondering if I could use the funds elsewhere while this one languishes going nowhere. It's a real worry seeing the 6 million on the bid at 1c disappear today when that level started getting sold into ( at least that's what I am seeing now, been working all day).

Trouble is I don't know where else I would put the money right now, and I'd also be slightly concerned that it would take off and all my patience would be negated. I have to agree with bitzer's reply on the other thread, trading in this market is extremely difficult, there appears to be no direction atm (other than down for most stocks. Possibly a good low cost gold producer, but even these went down today.

The only other sector I am remotely interested in now is agriculture/fertilizer. I think these will be the stocks of the future along with gold, but right now they are going nowhere. MAK is my favourite, and I won't be buying anymore until there is a clear signal for an upward trend.

A case in point. I sold all my PRE near it's lows when it became clear that they are running out of money and that there was no gas discovery in the Sacramento Basin that was going to add significantly to the coffers. With a recent JORC of a mere 151,000 oz I thought it wasn't worth staying in. I used what remained of my money to buy mostly EXM. Now PRE is higher than EXM, how this can be has me scratching my head.

But I think EXM has good ground, and a good start with 1.2m ounces @ 10 g/t. There is nothing that can argue with that in the long run, but I guess we will just have to wait till the market thinks so too.