EXG 0.00% 3.5¢ excelsior gold limited

EXG Chart, page-10

  1. 694 Posts.
    lightbulb Created with Sketch. 230
    Selling finished ..20m down to 11m...subject to management reaction to recommendations made in previous post ..intention of posts is to allay fears for smaller investors ..EXG will be ok but a gold company in production with Aus gold price near record should be performing much better. Also why no hedging now for much needed buffer??
    I fear lack of independence with not having own plant may make upside difficult. Options therefore limited unless a restructured deal with Paddington mill . Perhaps look at upfront flat rate on shipments for 12 months to give time to readdress laboratory issues..can't starve young company of cash as processor is doing ..management must be firmer with Chinese processor ..
 
watchlist Created with Sketch. Add EXG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.