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Exeter Resource Corporation Message Board

burnedoutprof 2 posts  |  Last Activity: Jul 11, 2016 6:40 PM Member since: Oct 11, 2001
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  • burnedoutprof by burnedoutprof Jul 11, 2016 6:40 PM Flag

    Company says it needs $250M initial capex to mine the low-hanging fruit. Current market cap is $120M even after the recent runup. So a crucial issue is how they raise the money. Banks are not loaning money to companies like this. So either a big equity raise (more than doubling current share count), a partnership, or a sale. I think the big increase in XRA share price has as much to do with the gold-mining majors having improved balance sheets and needing to restock their pipelines as it does with the minor uptick in gold prices, making a crippling equity dilution less likely. Anyone like to speculate which majors would be most interested?

  • burnedoutprof burnedoutprof Jun 24, 2016 3:00 AM Flag

    Could go to $20 quickly. Rand and other currencies down sharply, mining costs will go down even as gold price goes up.

    Sentiment: Buy

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