tennant creek hotting up, page-22

Bucky

thanks for the tip, i checked the date and it was 5 Sept o8 and just for reference the Lehman Brothers collapse was 16 sept 08.

SO WHAT'S YOUR POINT ??

Your question was why no resource upgrade in 18 months, i believe i attempted to answer that question genuinely

Such a naive viewpoint that you are (poorly)attempting to convey, I think Pachino stated it in words i was not prepared to write.

I think you should re-read Kbears post (5092942) he has nailed it. I think we could all site 100 examples of stocks that were once valued higher than they are now, RIO @ $150 is another good example. Closer to home lets look at the neighbours in the last 6 months (i choose this timeframe because it roughly coincides with the change in management;
WGR sept 09 50c+....now 34c
ERM sept 09 40c+....now 21.5c
EXM sept 09 1.3c-1.7c... now 1.7c
by your logic ( or lack there of) this would reveal a loss of confidence in the management or the prospects of WGR and ERM. Again simplistic and irrelevant

Now comparing sp's can be a bit misleading, market caps are a better rule of thumb imo, but the above demonstrates that the competition's MC has roughly halved in the same period that EXM has held its ground (even under the weight of a significant capital raising)

One further point on this subject... have you considered that prior to the GFC EXM's share price was overvalued ??
I am looking at a 3 yr chart and in May 08 the sp was actually below 2.4c, WGR was trading at 45c and ERM was at 25c

You seem to be of the school of thought that the market is always right, hence your stance ? Personally i consider this to be a complete load of BOLLOCKS. IMHO the market is full of examples of mispriced stocks.

If you dont like capital raisings then i respectfully suggest that you get the hell outta Dodge, or at the very least sell all your exploration stocks because i have a news flash for you.... Explorers have no REVENUE, they continue to be viable only by the generosity of capital markets. Incase you hadnt noticed capital markets have been a very tough place in the last 18 months and risk has been out of fashion.
Ashwill made a very good point the other day, and that is that the most important thing is not how much is raised at what price but indeed what a company does with that money to advance their projects. Capital markets determine the price at which equity is raised and this depends on a number of variables
Excalibur is blessed in that it has a very high quality asset that will always enable it to raise the funds required to further its development.

I sincerely hope that you intend to get off this ride at 1.9c and take your recalcitrant dribble elsewhere