Excelsior Gold (EXG:ASX) Portfolio Update | Chamber of Merchants
by the Merchant | Sep 19, 2016 | ASX | the Merchant's Insights | ASX Trader |
Portfolio Update:
For me, Excelsior Gold (EXG:ASX) is now a strong buy. This gold producer is priced as an explorer and is largely ignored by the market. They’ve had some issues with board member/shareholder opinions which has blurred the fact that this company is literally sitting on a gold mine. Within 1-2 quarters this should be debt free too. Their open pit excavation results were below par during commencement, however the lower levels are proving to exceed expectations. This is a BOB purchase for me and a prime example of what a Merchant can seize as a contrarian opportunity.
I’m not a financial advisor and am simply detailing my current portfolio and outlook. Do your own research and consult a financial professional before making any financial decisions.
