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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 Jul 27, 2022 9:51am
134 Views
Post# 34853422

RE:Short Attack

RE:Short AttackDaytonGuy.  As I see it the problem is much more complicated and stems from the 30+ million shares traded in matter of days a month or so ago and the NYSE taking action due to "unusual trading activity" by initiating an investigation and regulating the trading of Excellon's stock. This left half of those shares, which were on the losing side, still being in the hand of traders that probaly never meant to hold for more then a day stuck. Their only recourse is to sell into restricted volume on every uptick in the stock price in small controlled increments. Buyers are in the same boat with buys also being restricted. The large volume of stock involved has and will take quite a while to settle out. I guess this goes on until the NYSE ends their investigation and takes Excellon of the restricted list. This is only an educsted guess based on the facts available to me. Unfortunately we have to guess because Excellon's CEO is not telling Excellon shareholders everything he, insiders, NYSE employees, their contacts and who knows who else already know and are probably acting on it. 
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