EXS - Exco Resources

JustaReader · 8 July 2006

EXS has ground next to AUM and has seen its sp rise. Any of you in this forum hold this piece of stock?

I have bought into it. Thought it was worth a punt.

Cheers

stiger · 8 July 2006

Justa, I am curious as to exactly where next door means. Is it sharing a common boundary or not. your reply would be appreciated.

JustaReader · 9 July 2006

Stiger,

Refer the link below, its straight from Exco's website on their operations at Colncurry:

http://www.excoresources.com.au/documents/CloncurryCopperProject.pdf

On the mid left of the first map there is an inverted "L" shape piece of tenament that belongs to Exco, AUM's site is just North East of this tenament. I don't have confirmation as to whether Exco has started mining yet at this part, should have confirmation on Monday, will post again then.

The things to note are that Exco's tenaments are significantly larger than that of AUM's. Sure, all of this is still a lot of dirt till proven. However, I have also considered Exco on a stand alone basis. My chief considerations have been:

Its operations at Cloncurry are closest to Ernest Henry Mine (EHM) owned by Xstrata, which has a life of another 6 years. EXS has openly stated that they are in discussions with Xsrata (please see opening para on the link above). If you read the broker report in EXS' web site:

http://www.excoresources.com.au/documents/StrachanCorpEXSJan05.pdf

it estimates EXS' Mt. Margret's resources (this is next door to EHM) alone is worth 40 to 70 cts per share. Hence, I expect an offer by Xstrata for this operation. At the worst at least a JV. I think it's a worthwile punt.

Its major shareholder Lion Selection Group (LSG), holding 14.4% with representation in the board (http://www.lionselection.com.au/exco.shtml) has in the past bought a company called IAMGOLD and sold-off when it was taken over.

http://www.asx.com.au/asx/statistic...sg&timeFrameSearchType=D&releasedDuringCode=6

select announcement No. 2 dt. 22/06/2006

LSG's presence also adds credibility to the Xstrata deal possibility.

The managment of EXS also seem like a decent bunch.

Unlike URL, EXS' shares are far more closely held and hence it has been able to hold its sp.

Based on the above, I have made bets of this company.

Like always, please do your own research before you invest your hard earned money.

Best of luck and if you need any help please post here and I'll try and get back to you.

JaR

stiger · 9 July 2006

JaR Thanks for the info . Iwould think they could throw rocks at one another.I also have an interest in EXS.Cheers

JustaReader · 9 July 2006

Stiger,

I got in last week. IMO charts point upward, hoping it would retrace a bit so I could load-up some more The volumes have been rather large for a tightly held company. The coming week would tell a story, if someone wanted to takeover this baby, it would pay to move fast.

Would apprecaite any other info if you have on this one.

This could easily be the next AUM, if not better (can but hope I suppose)

JaR

stiger · 9 July 2006

It will be a very interesting first 2hrs of trading tomorrow. I wait with bated breath.Cheers :

JustaReader · 9 July 2006

EXS - Exco Resources (next ground to AUM)

Stiger,

Should be a fun day tomorrow. Live to tell the tale or get burnt But EXS is by far a better bet. I remain confident we will do well tomorrow.

One other thing, do have a look at the stock/option (EXS/EXSO) volumes for the last 3 months. I think there is a story. Remember, EXS got a speeding ticket in early April.

I'd be very interested to know if directors have bought any shares/options last week. Will have to watch the announcements and if they have.... well then its time to buy some more for me I suppose.

Best of luck stiger.

JaR

mlennox · 10 July 2006

not much happening today.. really need to see a bounce of 30 cents for continued confidence

JustaReader · 10 July 2006

very dull day today. Everyone is waiting for the AUM ann, which is understandable. My research indicates this is headed north.

One other thing, today there was an ann re. director selling 4M shares. This i hear is to cover underwritten options expiring on 28/08/06.

Watching this one very closely.

JaR

stiger · 10 July 2006

Thought you would like this Jar, one HC contributer suggested that EXCO should erect signs on their lease before Wed so that after the AGM the AUM shareholders would see them . Cheers.

stiger · 11 July 2006

Ann out Cloncurry report {close to Cloncurry} Subtle as a brick.

JustaReader · 11 July 2006

EXS is sure sitting on copper rich country. Just a matter of time. Will hold this for at least 3 years. Shuld come good.

Yes, I did get a call from a friend of mine to checkout HC and the happenings there. Can expect some action today. I'll look to pick-up some oppies today (although I maybe late by one day!).

Best of luck stiger, lets see how the market digests the news!

JaR

JustaReader · 11 July 2006

The market has picked EXS over URL. Last day/hours before AUM ann comes out. I'm loading-up.

JaR

saichuen · 11 July 2006

JustaReader said:
The market has picked EXS over URL. Last day/hours before AUM ann comes out. I'm loading-up.
JaR

good luck! EXS or URL, both to me is still a punt!

JustaReader · 11 July 2006

saichuen,

For sure, I also have a small bet on URL just in case But as you say both are equally good in their own right.

stiger · 11 July 2006

Irrespective what happens tomorrow in regard to our near neighbour EXCO is a great investment in the medium term .So hold on tight could be a rough couple of days but it will be worth it. CHEERS

JustaReader · 11 July 2006

Stiger,

i have a substantial amount of money (relative to me of course) invested in EXCO. My intention is to hold for at least 3 years. Lets see what the gods have in plan for us.

This is a good company with proven reserves and great potential. I am happy with my punt.

G'nite

JaR

greggy · 12 July 2006

JustaReader said:
saichuen,

For sure, I also have a small bet on URL just in case But as you say both are equally good in their own right.

Both stocks have been mentioned as buys in the Criterion on page 25 of todays The Australian.

stiger · 12 July 2006

I have a good feeling about tomorrow, the news on aum is ok, remember "Little fish are sweet"

stiger · 13 July 2006

Just read page 16 of AUM Thread apparently EXCO have their own spies.Fantastic they now know where to drill .I am excited by this latest piece of news.

EXS - Exco Resources

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