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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 rktennon Apr 07, 2018 6:07pm
124 Views
Post# 27848255

RE:RE:RE:RE:RE:RE:RE:RE:What is preventing Sprott from take EXN private?

RE:RE:RE:RE:RE:RE:RE:RE:What is preventing Sprott from take EXN private?I don't think Eric Sprott woud take EXN private, or do it at a premium at 10%. First of all, the last PP was at a much higher price, and Sprott probably knows the investors very well, and wouldn't want to stiff them. Second, going private would make money for the mangement team, however after that, they would probably leave, wanting to work with another public co ,so that they could still in the future get options. Sprott is too rich and powerful to run a resource company himself. More likely, if at some point that Sprott got impatient with EXN's mangement team, he would probably have Kirkland Lake buy them at a nice premium, so he could make very good money, and so would his investors. IMHO.
Bullboard Posts