I have been holding a large quantity from the 3c level which is a core holding, I have also traded in and out depending on momentum, I have a price target in mind before I would even consider selling out, what often happens with spec companies like EXM they surge on good news and often overshoot a reasonable valuation much like FDL,RAU did.
Given that EXM has already got 530,000 oz's of high grade gold in a JORC resource and very substantial land holdings very prospective for gold/uranium I don't think EXM is yet anyway overvalued, as an investor/trader you have to ask yourself if you think EXM will find any more gold if you do, for every 500,000 high grade oz's I would add on the conservative side 2 cents per share.
So basically this is how I am trading EXM
if they find another:
500,000 ozs SP 6c
1 million oz's SP 8c
1.5 million oz's SP 10c
2 million oz's SP 12c
(which is the company' target)
like I said I have a price target in mind to get out and we are no-where near there yet.
each investor needs to have a trading plan when entering a stock I use momentum and simply trading plans as a guide.
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Last
$3.00 |
Change
0.050(1.69%) |
Mkt cap ! $209.5M |
Open | High | Low | Value | Volume |
$2.94 | $3.04 | $2.92 | $297.4K | 100.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 7387 | $3.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.03 | 3000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 7387 | 3.000 |
1 | 388 | 2.990 |
1 | 693 | 2.950 |
1 | 10000 | 2.750 |
1 | 130000 | 2.700 |
Price($) | Vol. | No. |
---|---|---|
3.030 | 3000 | 1 |
3.040 | 2449 | 1 |
3.050 | 15000 | 2 |
3.100 | 13854 | 1 |
3.150 | 10646 | 2 |
Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
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