XME.V Update

XME.V is a virgin as far as being noticed by traders/investors... As a publicly traded issue... the supply and demand is equal in the .20 to 25 cent area... that is measured quite effectively by the chart reaction during these last few weeks... The simple lack of volume selling during this consolidation... speaks volumes in itself... It has neither become overbought or oversold at this stage... and shows no movement to reflect the sell off in the broad market.... therefore is not overbought with a trader paper overhang... it has been seeing some selling pressure (very light) by lose hands that are likely moving onto perceived better movers.....

It would be to our advantage to have the price drop under 20 cents through the Summer doldrums...

It would be a gift to buy in the .15 to 16 cent range... I must say though that I'm not sure this will take place because There are NRs due soon that may expand the existing NI-43-101 and during this turbulent toppy market, it is hard to gauge the reaction due to being under the radar...
There is a lot of due diligence that would normally show up on the SH board as a simple matter of awareness being brought in by people who have an interest in moving the price up.. and this is non existent compared to the information I have dug up at this point that has not surfaced... Make no mistake about it.. There has been a tout release sent out to a few 1000 possibly much more (I would hazard a guess) and this one has made it to a lot of watch lists... but suffers the who goes first syndrome... Everybody likes to chase because it is the thrill of the quick buck that brings on the momentum.

Here's a teaser... 20% is owned by insiders... Location is a key concept and grades suggest a surprise is possible off a base of 500,000 ounces gold NI-43-101..

With a 525,000 ounce high grade 43-101 resource (5.9 grams per tonne gold) in Quebec next to

the Clifton Star/Osisko Joint Venture, a 12,000 metre drill program underway on its primary

project, an 800 metre first pass drill program on a secondary project, and $3 million in the bank to

fund the next 24 months of commitments.

The strategy here is to load up on the dips over the next 12 months to 50 cents...

GLTA Lostoutwest


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