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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

Comment by silverforeveron Sep 23, 2020 7:16pm
139 Views
Post# 31608853

RE:RE:NYSE

RE:RE:NYSE From the day(24 Feb) Excellon's CEO announced the company's goal was to list on NYSE American, he had 7 months to prepare for today when it finally happened. You would think that would have been enough time for him to line up a considerable amount of investors ready, willing and able to purchase the stock right out of the gate to achieve the higher volume(liquidity) and higher stock prices which he gave as the reason for going on the exchange. But that never happened, actually going on the exchange today was a loser for both volume and price. The price of Silver may have been down today closing at  $22.78/oz, but that is still 23% higher than the $18.50/oz it closed on the trading day before his 24 Feb announcement. The stock price closed today at $4.01, it closed on the day before the announcement at $4.00. The least that should have happened by now is a 23% increase in the share price since the CEO has claimed the company's stock price is highly leveraged to increases in silver prices. IMO, this whole thing turned out to be a major disappointment, especially considering what the CEO put the company and its shareholders through to get there. I think the CEO has a lot of explaining to do. 
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