Thanks for the tip guys. All in all, i like this as a gold play....

Thanks for the tip guys.

All in all, i like this as a gold play.
It's definitely a turn around story and the possibilities could be big here.

Cash
Obviously cash is an issue for EXG in the short term.
I think once the loan obligations are cleared up by the 3rd Quarter of the year it will releave a lot of pressure from management.
With about $4m cash and $3.5m in dept, the possibility of another CR this year is there, but nothing i'd be to be afraid of.

Entry
I think with the recent CR at $0.021 the share price has held up well. Only 50m shares have been traded since then and my thoughts were... when will the rest be dumped??
Not sure if they will be in the near term.

I'd love to get an entry of around $0.027 but im not sure we will see that chance again.

At $0.03 we are testing the recent Nov 16 highs again but my question is, do we breach this and go higher or do we correct back down again.
I think the pro-active behavior  of management shown in their announcements AS WELL AS the recent increase in the POG should see it break this $0.031 range.

Directors holdings
I'd like to see the directors take a bigger stage in EXG.

	Column 1	Column 2	Column 3
0		#	$
1	david hatch	1,281,667.00	39,731.68
2	rowan johnston	400,000.00	12,400.00
3	jonathan west
4	jimmy lee
5	sam randazzo	-
6		1,681,667.00	52,131.68

I think these numbers total to directors holding only 0.21% of the company.
At least they have been buying on market. Question is does this on market buying continue or is that gesture all new directors must do.

Chart

Just one question about the chart though, what is that huge volume spike in early Feb 17 about?