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“This tiny gold outfit already tripled investor’s money since we first alerted you one year ago! But over the next five minutes, find out how Wednesday’s historic news could triple your money… AGAIN!”
That’s how the latest missive for Greg McCoach’s Insider Alert gets started — McCoach also runs a wider-circulation newsletter called Mining Speculator that I know many of my readers have sampled in the past, but his Insider Alert is the “upgrade” newsletter, they’re currently asking about $2,000 a year for a subscription.
And if you do subscribe, they’ll tell you all about this stock — they’ve been calling it the “biggest gold story of the last X years” since they first started teasing this miner close to a year ago, though at the time it was the biggest story of the last 14 years and now, 10 months later, it’s the biggest gold story of the last 50 years. Either way, certainly a big enough story to look at, eh?
On the odd chance that you’re not eager to pony up two grand for a newsletter in order to learn about this idea, however, I thought perhaps I’d take a quick look, make sure this is still the same company I thought it was last May, and share some details with you.
The first clue is that the shares are up 200% since McCoach first recommended the stock about a year ago, the stock is currently at about $1.05 (or was when this ad campaign was written) … and then he goes on to include a few clues in his pitch:
“You see, I recently returned from what could be – and scores of geologists agree 100% – the greatest gold exploration discovery in the past 50 years.
“It’s located only a few miles outside Timmins, Ontario.
“For those of you who don’t know, Timmins sits right in the heart of one of the greatest gold belts in the entire world, the famous Abitibi Greenstone Belt.
“In fact, it’s been churning out the yellow metal for so long (since 1907) that the entire region’s been dubbed ‘Elephant Country.’”
And McCoach says that he had a phone conversation with an eager investing friend who’s apparently great at picking hot mining stocks, talking about this particular property … this is how he recounts the conversation:
“‘Did you see it?! Did you see it?! They announced it! 12.17 grams per ton! The stock launched 56% today! It’s there! It’s [expletive] huge! They think it’s the same gold system that runs under Timmins… it’s just a little deeper under the ground! You have to see this report! This could be massive! I’ll fax it over!’”
The property is apparently one that used to be owned by Cameco, the big uranium producer, before they started shedding their gold properties:
“Fortunately for us, Cameco basically gave the property away… with all of the work pretty much done!
“In fact by 2002, according to a 627-page report they filed with the Ontario Ministry for Mines, Cameco drilled 15 holes and collected 1,067 gold samples in the property. Each one showed extreme potential for high gold mineralization.
“Here’s an excerpt directly from that 627 page report:
“‘These results, although not economic so far, are indicative of a large gold system. It is part of a major deformation corridor, traced by drilling for more than two kilometers along strike, up to 1.5 kilometers wide and more than 600 meters deep.’”
The teaser also includes a chart of the stock’s movements over the past year, showing that movement from the .20-40 cent range up to the current $1+, so that’s enough to confirm for me that this is still the same stock. And the last bit of temptation, the urgency that’s probably sending new subscribers rushing to get into McCoach’s letter (or so they hope, at least), is that they’re releasing some kind of results soon, as early as tomorrow. Here’s how they put it:
“And to make matters even more urgent and impressive, the company has some explosive news they expect to announce regarding their latest drill results as early as Wednesday!
“In other words, in 24 hours from now, the stock could skyrocket!
“And judging from the absolute swarm of trading on it lately, those results aren’t just going to be coming back soon – but could turn out to launch this outfit’s share price several times higher!
“In fact, as I write this, mega-firms across Europe already have massive funding deals on the table.
“… Deals so large that the share price could easily triple – AGAIN – as soon as their results are announced!”
So … the stock? This must be, as I first suspected back in May, Explor Resources (EXS in Canada, EXSFF on the pink sheets).
And I don’t know if it will triple again when they release their latest information, but certainly a company of this tiny size that gets this much attention generally flies … at least temporarily … and the stock is already up about 25% today as I type, on about twice the normal trading volume.
As for news from drilling, they do have drilling underway right now at at least one of their exploration targets in the Abitibi-Greenstone belt in Ontario (they have several target zones in a fairly small area that neighbors Xstrata’s Kidd Creek Mine as well as big discoveries by West Timmins Mining and others). I didn’t see any clear announcements about when they might release the drilling results, but I suppose it could be fairly soon. They are exhibiting at a conference next week, which will probably also help to drive a little more attention.
This is a stock that I know a lot of my readers have been interested in over the past year, following up on that original McCoach teaser, and it has certainly been one of the stronger teaser picks of the past year (it really is up by more than 200% so far, especially given today’s additional jump). You can see my original note about it here from last May, though I was more cautious about identifying the stock then — this time, with the definitive clue of the stock chart in the teaser ad and a few more tidbits under my belt, I can be more certain that this is really Explor Resources.
Can I be certain that they will release stunning drill results, or make you millions? Well, I think we all know better than that — and I can say that these kinds of promises of spectacular drilling results being imminent usually overstate the urgency of getting into the stock right away, or imply that the newsletter editor knows more than he does about the likely date when they’ll release data … for obvious reasons (rarely do you see a newsletter that says, “quick, think about this stock and maybe buy it in a few months!”). And I will say that I’m quite sure that Greg McCoach knows a lot more about mining and mining stocks than I do, and that he seems awfully excited about this stock.
That’s not enough to guarantee a huge hit, and he’s certainly teased stocks before that didn’t do very well (Canadian Zinc comes to mind from a few years ago, but that one is at least recovering more recently) … at least now you can do a bit of research on your own and see if you’re interested in Explor. After seeing the big moves this stock is making, I thought I’d better at least share the name of the stock, but I don’t know much more about how their story has progressed of late.
If you’re one of those who’s been trading this stock over the past year or so, let us know what you think … and what you think we should expect in the months to come. And of course, if you’ve subscribed to any of McCoach’s letters, please review them for us — we have a couple reviews on file for his less expensive Mining Speculator, but haven’t heard from any subscribers to his Insider Alert yet.
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by manish on August 31, 2010 at 7:09 am
by IrrationalExuberance on August 28, 2010 at 12:05 am
by abrodie on August 23, 2010 at 5:47 pm
by manish on August 21, 2010 at 7:14 am
by manish on August 20, 2010 at 8:10 am
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Looks interesting, but I prefer another Canadian junior mining pinksheets stock KAT Exploration (KATX). They announced some amazing finds on their Handcamp claim yesterday and IMO at around 0.06 they are undervalued right now by at least 10x.
[Reply]
Rick Reply:
March 2nd, 2010 at 4:19 pm
Sorry I forgot toput a link to yesterday’s PR from KATX: http://www.katexploration.com/press.html
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stockcrazy10 Reply:
May 24th, 2010 at 4:02 pm
KATX was promoted by TRYPENNYSTOCKS.COM, 24-t Stock Alert, DUBAI PENNY STOCK, Whisper From Wall Street, PENNY STOCK FINDER & COOL PENNY STOCKS last June and July. I'm not aware of any recent paid promotions.
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I got into Explor last May and still own it. You hit the nail on the head with your call. Another stock to watch is Goldcliff Resourses, (GCFFF)
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Rick, you should keep you spam somewhere else. Your stock projections are brutal.
[Reply]
Rick Reply:
March 2nd, 2010 at 5:11 pm
That seems a bit unfair Dean. I’ve followed Stock Gumshoe for about a year now and this is the first time I’ve posted, so I’m hardly a spammer. The reason I posted is because KATX is a Canadian gold explorer with news out – seems very relevant to this discussion to me. I certainly wasn’t trying to offend anyone.
[Reply]
Ilan Reply:
March 2nd, 2010 at 5:28 pm
Rick,
Please don’t be discouraged, you did a legitimate thing- although the possibility of someone pushing stocks to hype and dump is always there, I don’t feel it is very prevalent on this site (thank you everyone) and i don’t think it is what you were doing.
Give the guy a break, Dean.
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Dean Reply:
March 2nd, 2010 at 5:33 pm
Sorry, I shouldn’t have lashed out at you. Just seen a lot of suspicious comments around here lately.
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Greg McCoach has been great. I have been with the mining speculator for about 9 months. Sold one stock for a 200%+ gain and the following are still open.
167.24;124.27;112.45;81.75;63.21;46.87;32.75;25.72 and one at -32% with a big announcement coming within the next month. Fantastic picks if you listen to his wisdom,
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elaine Reply:
May 25th, 2010 at 11:34 am
What big announcement are you referring to? Also, what is your target price within the next 90 days?
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I am currently a Mining Speculator subscriber. I had been an Insider Alert subscriber, but I gave it up because of the $2000 cost per year. I believe I would be better off had I continued the subscription.
This how I currently stand with McCoach’s recommendations:
Trade
%gain+ loss-
1 +583
2 +338
3 -21(newest trade)
4 +320
5 +105
6 +83
7 +16
This occurred in about a year. Not so bad I think. This is certainly better than I have done on my own.
Charlie Kelly
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Suggest you also look up Lake Shore Gold: CA = LSG; US = LSGGF, who bought out Timmins Gold.
This region has been producing base & precious metals for a long time.
These new discoveries will be ok if the gold price stays hi, because the mining cost to go much, much deeper with the new discoverys will likely be high – located 100s of feet under the existing mining zone.
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Lithium For Batteries Tease or Fact..? Next big Source Need..? Money Morning Pronouncement… Same format, some mysterious little co… Has a lease on land holdings that future rise in demand will make us all rich if we get in..?
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Oh.. One more.. Fiber optics co. That’s devoped a new optics capability that carries Trillons of data bits as opposed to the 1.2 Billion? Available now,- with no data loss from optics cable bending using nano tech in production…
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bill,
i believe your referring to corning
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I have been a member of his for 4 years and made alot of money following his tips, bought Explor for 36 cents bought low and sold high twice and still own about 50,000 shares. Also bought a few other stocks he recommended and up anywhere from 400-800%. All together I own 10 stocks he has recommended and never lost!!!!
[Reply]
hi, so which one seems more productive :the mining s….or the insider alert thanks
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Met McCoach at last years PDAC meeting in Toronto (on again this coming weekend) after having subscribed to his Mining Speculator the year before!
I agree with other posters, his picks have been generally good and I only let the subscription lapse because i was fully invested and had more than enough hot stocks to choose from, besides, I found that with enough research I could identify good junior prospects from FREE sources without spending $2000. for his more exclusive letter.
My son and I both invested in Explor at the 49-50c level after identifying it through personal research and have sold some in the .90,s and recently at $1.20, just enough to take my original investment off the table, (as I always do when I have a double) and IF it triples as is being suggested, I will sell HALF my remaining holding and put the proceeds in some other promising juniors.
While I will have to await the NEWS before making a judgement, in most cases there is a LAG period before the NEXT event that will send the share price higher, so buy the dips, these are not “buy and hold” type stocks, they move up and down based on new financings and new milestones in the evolution of mine development.
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I am eager to put in some mkt order tonight, however it’s already up 20%, its a tough call. what do you think guys?
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Mr. Martin,
Would you be willing to share resources that you have found helpful for your research? Please understand, I am not asking you to share your system, just some of the information sources. Many thanks!
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didiree, eagerness in these junior miners is a great way to blow up your trading account. Up 20% yesterday, back down the same amount today. These stocks are nothing if not volatile.
If you’re really interested in a particular stock of this type, it would be safer to scale into it–buy a little here, and place limit orders at support levels (1.05, 0.76, 0.57, 0.37) and a buy stop if it closes above today’s high (1.62). You’re more likely to end up with a better average price, but the risk is still high.
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Timothyi – please explain how one figures out what the ’support levels’ are, and what a ‘buy stop’ is. Perhaps you can give an example. Thanks.
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Our hats are off to British Columbia and our Canadian friends to the North who offered an exciting and wonderful Olympics this year! (Yes, folks living on the east coast, we do have snow in the west,(whew! even if we have to make it!) but global warming is real unless you live in a bubble or listen to “talk radio!” We are preparing for extensive droughts!)
Can someone help me here? If we are going to continue to explore pink sheet stocks that are primarily listed on the Canadian exchanges, how can we buy and sell a position without the difficulty and spreads of the market? My main brokerage (Morgan Stanley) won’t even deal with those issues for customer trades, and the stocks are too hot to let a broker track them (or charge for their commissions!).
signed: HelpMe in the Northwest!
[Reply]
rw Reply:
March 3rd, 2010 at 3:59 pm
advantedges needs to open an account with Interactive Brokers. It opens a whole new vista for the resource stocks investor. http://www.interactivebrokers.com/en/accounts/individuals/individualMain.php?ib_entity=llc
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MarMak Reply:
March 3rd, 2010 at 4:01 pm
advantages: Ameritrade charges 9.99 per trade, no matter how large or small.
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advantedges — sign up with Etrade.
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OOOPS!!!!! Wrong mine.
Should have been Trelawney Resources (tsx: TRR)
-Brian
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I agree with Rick. If their claims are factual, KATX should prove a good play.
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I saw this teaser in my email from Greg. In fact i already own a few shares as i had a short subscription to his news letter. I did buy some at 49 cents,so i can’t complain. i put an order to buy at a dollar, but it jumped 16 cents after the teaser,because all his subscribers were loading up,so i backed off. I’ll still watch it,and maybe buy some when the profit takers sell
[Reply]
I saw this teaser in my email from Greg. In fact i already own a few shares as i had a short subscription to his news letter. I did buy some at 49 cents,so i can’t complain. i put an order to buy at a dollar, but it jumped 16 cents after the teaser,because all his subscribers were loading up,so i backed off. I’ll still watch it,and maybe buy some when the profit takers sell. I’m talking about exsff in case you don’t know
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EXSFF sure took a beating the past few days. I bought some today, but it sure does look risky, even at a discount. Where is the big news? Doubt if any really news existed. Pump and dump!
[Reply]
Whoa!…
Pump and dump is right!
This thing is back down to .91 from 1.46.
Somebody pulled a fast one…McCoach!
If anyone has any real news either way I’d love to hear it (that is from an unbiased source, please)
[Reply]
EXSFF is one heck of a dog pile today. Closed down 25% at 88 cents. Do I smell a pump and dump by Greg McCoach? If you want to buy because you like casino action, then follow Timothyi’s advice.
[Reply]
PR Released After Market Closed Today:
Press release from Marketwire
Explor’s Timmins Porcupine West Diamond Drill Program Update
Thursday, March 04, 2010
ROUYN-NORANDA, CANADA–(Marketwire – March 4, 2010) – Explor Resources Inc. (TSX VENTURE:EXS) is pleased to announce the completion of a 10,000 meter drilling program on the Timmins Porcupine West Property (TPW). The program was designed to confirm the model announced in the September 11, 2009 press release. The first phase of drilling was concentrated on mineralized Zone “A” located on the south limb of the geo-syncline. Mineralized Zone “A” is one of Five (5) mineralized zone identified on the property. A series of 4 holes drilled perpendicular to the structure and spaced a approximately 300 meter spacing was drilled to intersect and confirm the existence of the mineralized structure at or below 400 meters of vertical depth. To date the mineralized structure has been confirmed for over 900 meters of strike length at a vertical depth of from 400 to 600 meters. It is currently open on strike and open at depth.
The Timmins Porcupine West Gold Property consists of 106 unpatented mining units located in the Bristol and Ogden Townships in the Timmins-Porcupine Mining Camp for a total 1,930 hectares. The property is contiguous with Lakeshore Gold West Timmins Mine. The highway 101 bisects the property and provides access from the city of Timmins located 13 km to the east.
The property has been explored since 1927 by numerous ground geophysical surveys and diamond drilling of up to 111 holes. In 1984, Dome Exploration discovered and delineated a gold mineralized zone that is approximately 350 meters long and 45 meters wide and is open below 350 meters of vertical depth.
The “A” Zone identified through modelling strikes east northeast and dips to the north at 70 to 80 degrees. The drilling has confirms the association of gold mineralization with Quartz feldspar (QFP) and syenite porphyry, found at both the Lakeshore and West Timmins Properties. Five mineralized zones designated “A” thru “E” have been identified. The larger zones of mineralization display a strong spatial relationship with proximity to syenite intrusive rocks and high Fe-tholeitic volcanic rocks. The model may be viewed on our website: http://www.explorresources.com.
Hole # From To Interval Gold
—————————————————————————-
(m) (m) (m) (ft) (g/tonne) (oz/ton)
Hole # 1 542.0 543.5 1.5 4.92 1.29 0.036
560.5 561.0 0.5 1.64 1.01 0.031
613.5 614.0 0.5 1.64 2.49 0.072
689.0 689.9 0.9 2.96 1.19 0.035
704.5 705.5 1.0 3.28 2.19 0.064
705.5 706.5 1.0 3.28 1.47 0.044
788.0 789.5 1.5 4.92 1.34 0.039
803.0 804.1 1.1 3.61 1.02 0.029
Hole #2 371.0 371.7 0.7 2.30 2.52 0.073
589.95 591.45 1.5 4.92 1.12 0.032
618.0 618.6 0.6 1.97 3.89 0.111
675.15 676.75 1.6 5.25 1.09 0.032
692.0 693.50 1.5 4.92 1.33 0.038
697.0 698.0 1.0 3.28 1.35 0.039
731.0 732.5 1.5 4.92 1.39 0.041
762.5 764.0 1.5 4.92 4.57 0.131
764.0 765.5 1.5 4.92 1.93 0.055
798.5 799.0 0.5 1.64 1.25 0.036
Hole #3 425.0 426.0 1.0 3.28 2.13 0.062
588.5 589.7 1.2 3.61 1.08 0.031
666.5 668.0 1.5 4.92 3.82 0.111
761.0 762.6 1.6 5.25 2.65 0.077
Hole #4 110.0 111.5 1.5 4.92 2.36 0.068
227.0 228.5 1.5 4.92 1.38 0.041
372.5 374.0 1.5 4.92 1.29 0.038
564.15 564.85 0.7 1.61 6.10 0.178
Hole #5 695.2 696.0 0.8 2.62 1.54 0.045
845.0 845.9 0.9 2.95 3.98 0.114
940.1 941.0 0.9 2,95 1.32 0.039
982.8 983.6 0.8 2.62 1.17 0.034
989.0 990.5 1.5 4.92 1.16 0.033
1026.5 1028.0 1.5 4.92 1.16 0.033
1186.2 1186.7 0.5 1.64 1.30 0.038
Hole #6 470.0 470.5 0.5 1.64 1.64 0.048
483.4 484.1 0.7 2.30 1.01 0.029
594.5 596.0 1.5 4.92 2.06 0.058
710.0 711.5 1.5 4.92 2.52 0.073
742.5 743.0 0.5 1.64 21.39(i) 0.620
763.5 764.0 0.5 1.64 4.59 0.134
780.3 780.6 0.5 1.64 4.11 0.120
782.0 783.5 1.5 4.92 13.37(i) 0.391
784.9 786.2 1.3 4.26 2.98 0.088
1110.25 1110.9 0.65 2.13 1.99 0.058
1113.5 1114.0 0.5 1.64 1.37 0.040
(i)VG has been observed in these intersections.
Assays are pending on Holes # 7, 8, and 9. Hole #7 was drilled approximately 300 meters behind Hole #3 to test the depth extension and grade of the structure intersected by Holes, #1, #2, #3 and #4. Hole #7 has been drilled to 1700 meters in length to intersect the structure at a vertical depth of approximately 800 to 1000 meters. The mineralization found in Hole #7 will be available for viewing at the PDAC. We do not expect to have the results for the last 3 holes before the PDAC.
Due to the strike length and thickness of the mineralized zone that was intersected and the positive results Explor plans on commencing Phase II of the exploration program on TPW. This program will consist of 20,000 meters of diamond drilling and is expected to commence before the end of the month.
Our current interpretation is that the syenite porphyry intruded a dilatant zone developed at the intersection of the Porcupine-Destor and South Limb faults. These faults developed along high Fe-tholeiitic metavolcano-sedimentary contacts that provided the necessary Fe to precipitate sulphide mineralization during hydrothermal activity. Along the south limb of the geo-syncline, the high Fe-tholeitic volcanic horizon is often present only as remnant xenolithic or fault mega-blocks due to disruption by the South Limb fault and intrusions of QFP and syenite porphyry.
The structural environment is favourable for large bodies of syenite to have intruded further at depth. The intersections of the major faults and the contacts of the favourable high Fe-tholeitic volcanic host rocks especially near the synclinal fold hinge provide the best target areas.
The Timmins Porcupine West Project has as a Target Model “The Hollinger-McIntyre-Coniaurum System.” The Hollinger-McIntyre-Coniaurum (HMC) System has produced a total of over 30 million oz of gold is spatially associated with the Pearl Lake Porphyry. The high-grade gold bearing quartz veins which hosted the bulk of the gold at the HMC occurred in the adjacent mafic volcanics, located outboard from the porphyry itself.
Chris Dupont P.Eng is the qualified person responsible for the information contained in this release.
Explor invites its investors to visit our booth #2122 at the Investor Exchange of the PDAC 2010 located in the south building of the Metro Toronto Convention Center from March 07 to March 10, 2010.
Explor Resources Inc. is a public listed company trading on the TSX Venture (EXS).
This press release was prepared by Explor Resources Inc. Neither the TSX Venture Exchange Inc nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.
About Explor Resources Inc.
Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Quebec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Quebec with approximately 33% in Ontario and 67% in Quebec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Company is headquartered in Quebec and was incorporated in Alberta in 1986.
This document may contain forward-looking statements relating to Explor’s operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Explor’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filling. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not placed on such forward-looking statements. Explor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.
FOR FURTHER INFORMATION PLEASE CONTACT:
Explor Resources Inc.
Christian Dupont, President
800-388-8668 or 819-797-4630
819-797-6050 (FAX)
http://www.explorresources.com
or
Investor Relations:
Bay Street Connect Inc.
Michael D’Amico
1-647-500-6023
[Reply]
So, can someone tell me, is that good bad or indifferent? I guess we will find out today as we watch the stock price either jump or slump.
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Well, at first showing I guess it wasn’t exactly good news.
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Thanks for the big long post but you’d still have to be in the middle of the business (ie., insider) to know if the stock was headed up or down based on this information.
My read was that it was pretty non-commital–”just the facts”–and we all know what can be done (hidden) in those kind of reports.
I hope someone can post a response/comment from Mr. McCoach. I’d say right about now he’s looking pretty uncool and his credibility is slipping fast.
I almost jumped into EXS at 1.05 then when it shot to 1.40 I gave it up, though regretted my not pulling the trigger.
Thank goodness for a slow hand sometimes!
Let’s see what this badboy does in the next week or so….
[Reply]
Where is the gold,
Greg said he’d give to me
For eternity,
Will it ever be?
Where is the gold?
He said the shares were going sky high, he said it really couldn’t fail. But they went down like a lead balloon, time for another ale!
[Reply]
Guys!
Explore (EXS) was the WRONG stock pick. The correct company was Trelawney Resources (TRR)
Check out this company and you will see that they announced a high quality gold find just outside of Timmins on the day that Travis said they would. TRR rose 98% in Thursday Globe Investor.
I bought some EXS too. I went all in. BIG LOSS!!!
[Reply]
StockGumshoe Reply:
March 5th, 2010 at 10:28 pm
Trelawney got a nice bump too — didn’t match the chart or clues like Explor, and of course the timeline of junior miners almost always tests an investor’s patience (or takes his money) … but it’ll take a wiser man than me to pick the winners out of a bunch of similar miners in the same region. Makes me want to look at Royal Gold again, let someone else choose the mines.
[Reply]
Gaetan Larochelle Reply:
August 28th, 2010 at 1:04 pm
You are dead on….IT IS TRR….I was told when my friend went fishing with him in May 2010.
[Reply]
Below is a reply I received from Explor Resources, when I asked them if anything was wrong with the company. They need to explain the meaning of their Press Release. Most people are not geologists who understand the meaning of all the numbers they released on Thursday. What’s the bottom line? JC
Hello John:
Yes, everything is fine within the company. I believe that the volatility was due to expectations about the timing of a press release outlining the first drill results on the West Timmins property. After the market today, the company issued a press release on these results. The link below will take you to the press release. I believe that the most significant item in the press release is that the drilling confirmed the mineralized model.
http://www.theglobeandmail.com/globe-investor/news-sources/?date=20100304&archive=ccnm&slug=590292_1
Regards,
Michael D’Amico
+1 (647) 500-6023
[Reply]
The Timmins Porcupine West Project has as a Target Model “The Hollinger-McIntyre-Coniaurum System.” The Hollinger-McIntyre-Coniaurum (HMC) System has produced a total of over 30 million oz of gold is spatially associated with the Pearl Lake Porphyry. The high-grade gold bearing quartz veins which hosted the bulk of the gold at the HMC occurred in the adjacent mafic volcanics, located outboard from the porphyry itself.
Explor intends on the utilization of the existing historical data to create a 3D litho and mineralization model to generate high quality drill targets with an interpreted significant gold mineralization inside that corridor favourable rock package.
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Info below is from the company’s web site. This is the Model that the above letter refers to:
“The Timmins Porcupine West Project has as a Target Model “The Hollinger-McIntyre-Coniaurum System.” The Hollinger-McIntyre-Coniaurum (HMC) System has produced a total of over 30 million oz of gold is spatially associated with the Pearl Lake Porphyry. The high-grade gold bearing quartz veins which hosted the bulk of the gold at the HMC occurred in the adjacent mafic volcanics, located outboard from the porphyry itself.
Explor intends on the utilization of the existing historical data to create a 3D litho and mineralization model to generate high quality drill targets with an interpreted significant gold mineralization inside that corridor favourable rock package.”
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Below has been posted on Explor Resources website:
Explor reported that in Section 2B Linear a 1.5 meter composit that assays at 30 gpt of AU.
Section 2a-iv, 1.5 meter composites (assay cut, 30 gpt AU). nThis is just an example of what the drilling found. More info will be released this weekend.
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Anyone think it would be fair to say the stock was “punished” by the press release scheme, and may go up in value when the smoke clears and news settles.
Is so, what do you think that is?
Looks like around .98 to 1.05 to me, which would be 25% upside from here.
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http://thefundamentalview.blogspot.com/2...
Please read the above article and share your comments.
Buy&hold for huge profits.
visible gold:
gold grading at 21.39 g/t and the other at the 782 level that graded 13.37 g/t over a 1.5 width.
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JohnW Reply:
March 9th, 2010 at 8:21 am
Couldn’t get your link to work BennyJ so can’t comment.
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BennyJ Reply:
March 10th, 2010 at 11:02 pm
Sorry about that if the link does not work.
Try this.
http://thefundamentalview.blogspot.com/2010/03/explor-resources-update-progress-of.html
Try copy and paste in the URL address bar loc of the browser and see and share your comments.
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Is it worth to get in at 0.5 or is this a total wrong pick by McCoach?
Any comments?
Travis, Royal Gold is always worth looking at!
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HelpMe in the Northwest!
Scottrade is very easy to trade Canadian Stocks on the Pinksheets today. Cost is $7.00 and no extra costs invovled as in the past.
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Does anyone have access to a current or a few month old Greg McCoach issue of Mining Speculator? I’m curious to investigate his track record to see if it would be worth ponying up the money for his newsletter. Thanks,
Nate
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There has to be more than punishment for a bad press release to explain the dump EXS mentality that happened day 1 after our trusty Gumshoe’s interpretation of the teaser.
Any idea’s ?
Warren
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What’s the outlook for NOX
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From: Michael
To:
Subject: RE: EXPLOR BEGINS DRILL PROGRAM ON CARNEGIE
Date: Wed, 10 Mar 2010 16:17:53 -0500
Thanks for your message and sorry I couldn’t get back to you earlier, as we were tied up at the PDAC Mining
conference in Toronto from Sunday to today.
It will be a few weeks for the results of the final three holes in the Timmins West project to be released as some
of the core has not yet been sent to the lab for assay. It is still in the process of being logged.
I believe that the Carnegie results are also a few weeks away from being ready.
It is anticipated that the new, 20,000 m drill program on the Timmins West property will commence around the end
of March. This program is designed to further test the downward extension of the mineralization model.
Regards,
Michael D’Amico
+1 (647) 500-6023
——————————————————————————–
From:
Sent: March-09-10 12:04 AM
To: info@explorresources.com
Subject: EXPLOR BEGINS DRILL PROGRAM ON CARNEGIE
Hi Michael,
I am an investor/current shareholder.
Can you please tell me when we should be able to see the drill test results of CARNEGIE property(approximate month
time frame).
When can we expect the phase 2 results of Explor’s Timmins Porcupine West Diamond Drill Program Update? Just give
me an approximate time frame.
I would appreciate. when you get a chance please share upcoming events/schedule for Explore.
Thanks & Regards, xxxxxxx
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ilan Reply:
March 15th, 2010 at 3:09 pm
Are you sure you want to give that many kisses to Michael?
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Can you all say … PUMP & DUMP!! Ha! Ha! Ha!
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show me
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From a Mining perspective, the EXS
results are average to good, depending on the mineralization of the ore body. They did not hit it out of the park, as Greg said they
would. They need a larger resource
base now to be a profitable mine or to be a buyout target. If there are no ‘major’ finds on the Explor Property, it will be assimilated as Lake Shores property was, at a reasonable price, by West Timmins,
or another near-by producer, to increase their resource base and mine life. (I do have a small holding of EXS, and may do more if price drops to vulture levels..The
drill bit can be a fickle lady one day and forgiving the next!!)
zinfool
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