and she's off, page-12

Hi Hutch,

I agree 100% mate. Amazing management truly, absolutely unbelievable.

I have now turned into a sheer 'hoper' when it comes to EXM, as only an absolute fool would put a shred of faith in any announcements they produce and so much less faith in anything they say over the phone!!

I mean, if they have failed and neglected with 100% consistency to ever follow through in a timely fashion on any one thing they have ever released to the ASX, what gullible poor bugger would ever have the dim wittedness to think that by calling them and listening to what they have to say via phone would bind them to efficiently executing?

Like I said, I merely am hoping for a miracle (yes, I hold the EXMO) because while I am very bullish about gold, EXM are nearly 60 days behind schedule on their yearly plan (yes, that THEY set - not us!!) and if they continue to treat shareholders with contempt, it will not matter what they say in the future or how many million ounces they reckon they have.

Perhaps, just perhaps....(grandly dillusional I know)....TL does actually control the Board now and just maybe he is playing 'Mum' on the drilling plan? The ASX does not require the commencement of a drilling program to be announced and in any case....if we were to take EXM on their word, the drilling program has already begun and really should be easily finished by now (constructive enough for you Nik - have been managing drilling operations for 15+ years now)...so who knows??

And the other illusion of grandure of have is that maybe TL is also holding back because there is some type of Juno J.V partner in the wind as well??

All just guesses and dreaming I know, but honestly, I just can not (apart from their appalling track record of course), come up with any reason why EXM (with a supposed new board and supposed direction - now cashed up and with MMP approved) would continue to treat the market and shareholders like they did not exist!

By the support and limited action over the last few days....it seems as though someone is 'trying' to get set...not your usual 'flooding boat' EXM leak, zoom up and fall like a stone on a floury and excuse laden announcement.

One thing for sure....if all we get in the next few days and in the next annoucement is 'we have secured the drilling rigs and will commence drilling on or around the XX date", EXM should and will be back to 1c. For a company who has been saying via ASX announcements for months that they had a representative negotiating contract prices and securing drill rigs for this particular campaign, I will not and can not accept that even 'average management' have not been able to find a drill rig in this climate.....as there are PLENTY parked up doing nothing.

Cheers.

K