Excalibur Resources: 250tpd plant with commercial production in 2014

2014 Gold Producer (dividend planned) in Pinos Bonanza Gold District, Zacatecas, Mexico

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Message: Warrant Expiry = Insider Activity ?
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There were 500,00 Warrants @ $0.16 to expire by March 12.

Leading up to that day, we have seen small institutional insider selling by Pinetree/Inwentash and Consolidated International Investment Holdings (aka Joe Dwek´s ex-Mineral Fields) for a similar amount of shares:

As of 11:59pm ET March 13th, 2012
Filing
Date		 Transaction
Date		 Insider Name Ownership
Type		 Securities Nature of transaction # or value acquired or disposed of Unit
Price
Mar 13/12 Mar 9/12 Consolidated International Investment Holdings Inc. Control or Direction Common Shares 10 - Disposition in the public market -38,142 $0.180
Mar 12/12 Mar 8/12 Consolidated International Investment Holdings Inc. Control or Direction Common Shares 10 - Disposition in the public market -105,000 $0.180
Mar 1/12 Feb 29/12 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Disposition in the public market -20,000 $0.200
Mar 1/12 Feb 29/12 Inwentash, Sheldon Control or Direction Common Shares 10 - Disposition in the public market -20,000 $0.200
Feb 29/12 Feb 28/12 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Disposition in the public market -140,000 $0.220
Feb 29/12 Feb 28/12 Inwentash, Sheldon Control or Direction Common Shares 10 - Disposition in the public market -140,000 $0.220
Feb 28/12 Feb 24/12 Robertson, Andrew Direct Ownership Warrants 53 - Grant of warrants 300,000
Feb 28/12 Feb 24/12 Robertson, Andrew Direct Ownership Common Shares 16 - Acquisition under a prospectus exemption 300,000 $0.100
Feb 28/12 Feb 24/12 Gallagher, Timothy David Direct Ownership Common Shares 10 - Disposition in the public market -115,000 $0.175
Feb 28/12 Feb 24/12 Gallagher, Timothy David Control or Direction Common Shares 10 - Acquisition in the public market 70,000 $0.180

Very telling, that straight after the Warrant Expiry date (yesterday), there was NO = ZERO = NIL trading in XBR !

My conclusion: the slow, low volume dripping in SP of the past few days was due to the fact that the two institutions sold just enough to cover the Warrants.

And after they were done, there was no selling pressure anymore. Nobody wants to sell at these prices = zero trading yesterday !

Will be interesting to hear whether the Warrants have been bought (another $ 80.000 in the kitty) !

A price rise now would bode very well for my theory !

Let´s see.

FANTOMAS

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