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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 billm8192on Apr 19, 2013 11:35am
241 Views
Post# 21274899

RE: reverse split

RE: reverse split

This issue has been studied and the findings  indicate that "all other things equal" the stock price moves up 3 percent after the announcement of a reverse split and decrease 1 percent after it takes place.  Nothing occurs in a reverse split to cause stock price to fall.  If you have seen company share prices fall significantly after a reverse split there is something else causing it other than the reverse split, which typically makes a broader market for the shares and should stimulate positive price movement.

In the case of Excellon as well as all the other miners, they have been impacted significantly by the Central Banks and their minions shorting gold and silver as part of their monetary policies.  Experts expect this to subside soon and when that occurs we should see some recovery in our share price, rather than a halving so don't expect to buy back in at half the price....we are already  trading at 52 week lows...just sayin.

Bullboard Posts