Exeter Resource (XRC : TSX : $8.09), Net Change: 0.34, % Change: 4.39%, Volume: 486,781
Setting the record straight. It's the company's job to come out with a formal press release, but the market has already made its
decision and continues to bid up the price of Exeter's shares in the hopes of a takeover offer coming sooner than later. In an
interview with Reuters Tuesday, Exeter's chief geologist Glen Van Kerkvoort said, "There are lots of groups interested. We
have confidentiality agreements signed with Newmont (NEM), Barrick (ABX), Kinross (K) and a couple of Chinese
groups." Kerkvoort noted that a potential deal could be struck within the next 12 months. On Thursday Exeter issued a formal
press release stating the following: "Exeter Resource is aware of a news article quoting the company's chief consulting geologist
with respect to potential merger activity regarding the company's Caspiche Project. The company wishes to clarify that
whatever comments were made were a matter of informal personal opinion by a consulting geologist and were not authorized by
the company nor does the company endorse them. Specifically, the individual is not a spokesman for the company on
commercial matters. In addition, Exeter has a policy of not commenting on the potential future value of its share price and
disclaims those statements entirely."