Eric Sprott - The wolf in sheep's clothingIt is quite evident to me that if Eric Sprott was keen on ridding himself of EXN, he would have done so long ago. He has enough leverage that he could have drove the stock price higher and then proceed to dump his position soon after. Executing simple pump and dump exercises requires surprisingly very little in terms of money and time, especially when it involves a stock as insignificant as EXN.
He did manage to pump the price higher when he initially took an interest in EXN and made a very public spectacle of it going on King World News, using his managed assets in the media and stock forums to exploit unsuspecting investors to buy the story...
What happened next does not need repeating...The stock has suffered spectacularly and has tested the patience of shareholders to no end.
Sprott continues to use his great influence to undermine Excellon at every turn, using tactics such as violent end of day trading of the stock to paint a bleak picture of the company on a day the metals (and other miners) are seeing gains. He also employs others to paint a black picture of EXN by paying them to write hit pieces and smear the company on forums such as this. His sabatoging efforts may go even deeper but I cannot say. I refuse to believe this is all coincidence and bad luck...
What I suspect will happen soon is Sprott is making a final push to take over this miner, using his propaganda machine to appear as though he is saving us all from mismanagement and poor performance .. yada yada yada. He has done this before and he will do it again.
The sad thing is people continue to be decieved by it all ...
Such a shame