Excelsior has been a bit quiet and has admittedly finally...

Excelsior has been a bit quiet and has admittedly finally succumbed to the weak gold market, though still faring better than most stocks in the sector (big and small). The reason for the inactivity is that EXG have been flooded with offers for their asset in one form or another. EXG have opened a data room to enable multiple companies to access information and conduct due diligence. Indications from the company are that they have assessed a number of applications and are assessing a few more which clearly demonstrates the quality of this asset. The offers coming in could be in regard to supplying a plant to EXG for equity stake (from a shutdown mine), Providing finance for a plant, toll treatment of some of EXG’s smaller pits with a profit share arrangement or a complete takeover of the company.
In a lower gold price environment, higher grade, lower cost assets are even more important, especially to larger high cost companies and in particular companies within close proximity such as Norton. EXG also have plenty of cash and thus remain in an enviable position. We are expecting some news on the corporate front this month so lets keep our fingers crossed. Exciting times!!! (Yet the shareprice is hovering around 10c- ridiculous)