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Excellon Resources Inc. T.EXN

Alternate Symbol(s):  EXNRF

Excellon's vision is to create wealth by realizing strategic opportunities through discipline and innovation for the benefit of our employees, communities, and shareholders. The company is advancing a precious metals growth pipeline that includes: Kilgore, an advanced gold exploration project in Idaho with strong economics and significant growth and discovery potential; an option on Silver City, a high-grade epithermal silver district in Saxony, Germany with 750 years of mining history.


TSX:EXN - Post by User

Bullboard Posts
Comment by gruber20on Jun 15, 2009 10:13am
310 Views
Post# 16070589

RE: RE: RE: rights....

RE: RE: RE: rights....I think you are over-thinking the situation goldie. Cost aside, the rights value is what it is, it is only the interpretation of the value that changes with your state of mind, the same state of mind that tells us that no one is buying the shares, when in fact the market as of friday was perfectly balanced with buyers and sellers to the tune of 650,000 at 0.29.  Sure with usdollar strength some weak hands are going to cop out because they don't know why they are in excellon to begin with, but to say that there are no buyers, you have got to be kidding, or at least trying to infect the concious minds of the rest of us into selling so you can get back in, because you sold out?

So in conclusion, we've had 15 million shares bought on the open market at this level,and an equal amount of sellers. Anybody in their right mind that is going to flip .23 rights isn't going to do it at .23... .35 maybe, 46 for sure, but certainly not for the same price they paid.. kind-of defeats the whole point.
Bullboard Posts