$EXSFF...WHY EXPLOR? Most of us are aware of Tahoe Resources’ very serious problems at their massive Escobal silver mine in Guatemala. Beginning in June, local protesters initially blocked access to the silver deposit, and over the past couple of months, gained the support of the courts to shut down operations. With no solution in sight, the future of the mine appears quite grim. Tahoe’s stock price closed August 25th at CDN$5.58, down over 50% since mid June. Tahoe’s situation speaks volumes to Dupont’s focus in politically stable Canada. All of Explor Resources(EXS/EXSFF/E1H1) exploration assets are focussed in Ontario, Quebec, and New Brunswick. Tahoe is rumoured to be one of the serious suitors interested in Explor Resources Timmins Porcupine West GOLD Deposit (TPW), especially given the resource is adjacent to their Gap 144 GOLD Resource. With pressure from their shareholders, I would think the Tahoe directors would want to put out some GOOD news? As an unhappy Tahoe shareholder, acquisition of the largest porphyry ever found in the Timmins Porcupine Destor Fault, with an HMC Model suggesting 20-30million ounces of GOLD, would make me a lot happier! With the added scramble for regional GOLD assets by Goldcorp, Kirkland Lake, and more recently, McEwen, I suggest the proposed 5-10,000meter drilling campaign slated for this fall at the TPW, may, in fact, be financed by others. I suspect proposals are being prepared for Dupont, and the Board to consider?
Dupont is in Val d’Or, Quebec this week, meeting with the geologists that performed the preliminary work on the company’s East Bay GOLD property block. Explor is the single largest property holder in the Duparquet GOLD Camp, holding some 11,000hectares. IAMGOLD is the second largest in the region. Apparently, following a meticulous geophysics program, some 80 grab samples were sent to a lab in Val d’Or for multiple element testing. Dupont is undoubtedly hopeful the results will be available, as they are a meaningful component in deciding where to drill the 3,000meters proposed on East Bay. I’m also hearing he will be in Timmins for a number of meetings during the week. I know some of Explor’s largest shareholders are anxious to hear from him personally about plans moving forward. I’m guessing he may be meeting with the odd TPW suitor as well?
Lastly, I’m hearing an influential M&A group is developing a comprehensive presentation on Explor to present to prospective financiers; possible Joint Venture Partners; and serious mineral property buyers. Well experienced in the field, I’m expecting some interesting developments from them over the next couple of months.
(0)
(0)
Explor Resources Inc. (EXSFF) Stock Research Links
Category: BusinessTotal Views: 92 By : EditorUpdated: 05-02-2024
In an era where entrepreneurial spirits are higher than ever, launching a small business promises not just financial returns but also a pathway to personal fulfillment. For those looking to carve out their niche in the market in 2024, here’s a curated list of 25 small business ideas categorized under Eco-Friendly Products, Remote Work Solutions, Health & Wellness Services, and Home Services (including repair, construction, lawn care, and landscaping). This guide includes examples of ea... Read More
Category: MarketsTotal Views: 99 By : EditorUpdated: 05-02-2024
The stock market, a pivotal indicator of both economic health and investor sentiment, has historically been the focus of extensive scrutiny and analysis by experts and laypeople alike. Given its significance, recent trends and significant events have shone a spotlight on the complex dynamics that influence its fluctuations, thereby providing a deeper understanding of the factors at play. These insights are invaluable for deciphering the market's current conditions and anticipating its future... Read More
Category: InvestingTotal Views: 100 By : EditorUpdated: 05-02-2024
In the world of stock trading, the distinction between success and failure often hinges on the diligence exercised before executing a trade. For novice investors, stock market enthusiasts, and even seasoned financial planners, understanding the intricacies of stock research is paramount. This blog post aims to demystify the process by outlining five crucial actions to take before investing in a stock, thereby fostering informed decision-making.
Introduction to Stock Trading for Novice Investo... Read More
Category: StocksTotal Views: 153 By : EditorUpdated: 05-02-2024
Penny stocks are often sought after by investors looking for high returns on low-priced shares. Today, we're highlighting the top 5 most active penny stocks under $5 that have seen the most significant price gains. We'll provide share price data, company information, technical analysis, and recent news headlines. However, it's important to note the risks associated with trading these types of stocks, which we'll discuss at the end of this post.
1. CytomX Therapeutics, Inc. (CT... Read More
Introduction
Navigating the maze of retirement planning can seem daunting, especially in your 30s when life is pulling you in multiple directions. However, the economic landscape of 2024 makes it an opportune time to lay the groundwork for future financial stability. By understanding the importance of early planning and employing effective strategies, you can set yourself on a path towards a secure retirement.
Why Start Retirement Planning in Your 30s?
Your 30s are a crucial time to sta... Read More
Category: InvestingTotal Views: 157 By : EditorUpdated: 05-01-2024
In the fast-evolving stock market of 2024, building a diversified portfolio has never been more crucial. With volatility often striking when least expected, a well-rounded investment strategy can be your best defense against the unpredictable tides of the financial world. This guide aims to walk you through the essential steps of creating a diversified stock portfolio, tailored to weather the storms and seize the opportunities of today's market.
Understanding the Basics of Diversification... Read More
Introduction
Navigating the world of personal finance can seem daunting, especially for young professionals and new investors. However, with the right strategies and discipline, building wealth and achieving financial independence is within your reach. Below, we discuss comprehensive strategies and real-life examples to guide you in mastering personal finance.
Establishing a Comprehensive Budget
A solid financial foundation is the cornerstone of personal finance, and it begins with craf... Read More
Category: InvestingTotal Views: 173 By : EditorUpdated: 05-01-2024
The stock market has long been a focal point of financial growth and investment strategies worldwide. Yet, it remains shrouded in mystery and misconceptions, particularly for those just beginning their investment journeys. Today, we aim to debunk five common myths about investing in the stock market, providing clarity and confidence to beginner investors and financial literacy seekers.
Myth 1: Investing is Only for the Wealthy
One of the most pervasive myths surrounding the stock market is... Read More
Category: BusinessTotal Views: 173 By : EditorUpdated: 05-01-2024
The landscape for small business owners in 2024 is undoubtedly dynamic and filled with both unprecedented challenges and exciting opportunities. Entrepreneurs stepping into this world must equip themselves not just with passion and perseverance but also a deep understanding of the terrain they’re about to traverse.
The Economic Landscape
In today's economic conditions, we observe a complex environment characterized by slow recoveries from recessionary periods, staggered growth ac... Read More
Category: InvestingTotal Views: 251 By : EditorUpdated: 05-01-2024
Introduction
The stock market is an intricate ecosystem where billions of dollars exchange hands daily, driven by countless factors from global economic indicators to company-specific news. In this high-stakes environment, the ability to predict market movements, even slightly better than the average, can yield significant financial advantages. Enter Artificial Intelligence (AI), a technological marvel that has revolutionized industries across the board, now making significant strides in tran... Read More