Thanks for your post. As a young investor, maybe the sort that you spoke about in your post, I appreciate you taking the time to write it. Always interesting to get a glimpse of the inner workings of how bigger money moves.
That said, I have been looking into EXG and I had a couple of questions:
So am I correct in assuming that one of the primary reasons that you dumped EXG was an impending cashflow squeeze and the likelihood of a dilutionary capital raise?
I don't know what your average buy price ended up being, but rather than push the price down to 5c why not step in and offer EXG a bridging loan to get them through the next few months so they could receive the additional payments owed from Nortons and give them time to get their production costs better inline with their cashflows?
I would have thought having already acquiring 20m in shares would have given you an vested interest in seeing the mine get to a stage where it was FCF positive and had a buffer from any potential slow payment form Nortons?
Or is there more to this story or something else you don't like about EXG?
EXG Price at posting:
5.5¢ Sentiment: None Disclosure: Not Held
