Excellon Resources Inc. EXNRF

Huge positives for Excellon!

[silverforever]

Huge positives for Excellon per todays NR's, including  the "reversal of a US$22 million liability from its March 31, 2023 consolidated balance sheet, relating to the previously disclosed judgment against one of the Company’s subsidiaries in Mexico". " The announcement today effectively removes a US$22 million overhang that has been with the Company since 2019 and "successfully addressed major discounts to Excellon’s value potential: the pending maturity of our outstanding convertible debentures, for US$11 million^[1], and this provision for litigation.”  “With the proposed acquisition of the La Negra Mine, we have taken steps to create a compelling value proposition for investors. We have reset Excellon’s corporate strategy, restructured current liabilities by over US$33 million and added to a portfolio of already high-quality, long-term assets in particular at La Negra^[2] and Kilgore^[3], with additional exploration and transactional upside at the Silver City and Oakley projects⁴.  Following today’s announcement, we can now focus on advancing this value potential for the benefit of our shareholders".

[Marine2]

Silver "Huge positives for Excellon!"  Yes,  a good step in the right direction, "reversal of a US$22 million liability from its March 31, 2023 consolidated balance sheet," Where does the stock price go from here ? What next for EXN ? M2

[silverforever]

Marine. The stock price should go up an additional US$.64 just to reflect for the elimination of US$22 million debt( 22 million/34mllion shares outstanding which will show up in Q1 financial report), taking it up to around US$ .94. Up big again once La Negra sale is consummated.  From there I could see Excellon stock price going to where it was when Platosa was generating cash flow to around

[DaytonGuy]

I believe the muted share price response is due to the fact that the $22 million litigation on the balance sheet was removed unilaterally. I believe correctly