$EXSFF...ACCUMULATING... I started accumulating a position in Explor Resources Inc. (EXS/EXSFF/E1H1) in June, 2014. My opening buy was at .025Cdn. I’ve paid as high as .23Cdn, and over the past few weeks, have added to my position at .07. This morning, I picked up another 20,000 at .06. Why do I continue to buy this Company? Fundamentally speaking, management is sound, and infinately qualified. A major German Investment Fund owns a large position. A major Montreal brokerage firm owns about 8-9% of the outstanding float. The Company owns a dozen attractive, large GOLD & Copper rich mineral resources, at various stages of exploration. Two of those properties have NI 43-101 Resource Estimates. All their properties have been meticulously assembled over a number of years. Currently, the Company is working on developing Joint Venture Agreements, and possible Earn-In Agreements. As I suggested in my last piece, we’re in the calm before the storm. Any form of Agreement with a mid tier, or major producer, will be accompanied by shareholders of those producers acquiring shares of Explor. For example, we saw this in a huge way with Tahoe shareholders buying Lakeshore Gold, on the rumoured takeover bid, months before becoming formal. Coincidentally, Tahoe’s production facilities border the Company’s Timmins Porcupine West GOLD Resource (TPW) to the west.
I’ve done very well over the years, accumulating, waiting it out, and selling my positions when things mature. I confidently believe Explor will pay a handsome return if I’m patient enough.
https://seekingalpha.com/article/4115931-gold...4&dr=1
I’ve done very well over the years, accumulating, waiting it out, and selling my positions when things mature. I confidently believe Explor will pay a handsome return if I’m patient enough.
https://seekingalpha.com/article/4115931-gold...4&dr=1
