Excellon Resources Inc. T.EXN

US Board Liisting

[romara]

I guess the person that stated that, the other year back.... can smile now. Just hope management wears more then suspenders to hold the share price up .......   Richard

[silverforever]

Excellon's CEO wanted the company to be on the NYSE, Issued a statement on how great it would be for shareholders, put the company through a dreaded stock consolidation      that shareholders paid dearly for and finally has the high trading volumes and exposure he wanted. IMO, he better deliver as promised soon or he will lose what is left of his credibility and reputation. With

[Bmyles1]

silverforever, thanks for your message. Cahill is a joke.  I am as frustrated as anyone since I am losing north of 1/2 million US. imo they will be delisted and only then will we hopefully recoup some monies since the company will not be on NYSE radar. just my opinion. good luck to fellow shareholders - it will take a miracle. Bmyles1

[silverforever]

Hi Bmyles. I agree with your comment about Excellon's CEO, but as far as delisting I think that is almost impossible to do and it would take a long time even if it did. Check your mail on this site for details. However for all retail shareholders who want to fire Excellon's CEO, which some on this board have stated, you have a lot more power then you think. Based on my limited ability to

[Bmyles1]

agree. shouldnt this be a results based business? hasnt Cahill been given enough time to virtually destroy the assets of this company? truly incomprehensible that he is still CEO. 

[frankthetank007]

I am shocked how bad Cahill has been as CEO.  Seems like every decision he's made hasn't worked out.  THey never drilled Riocon  area even though that seemed to be the best prospective area around Platosa. He chased small veins and the evolucion property and the law suit have been a disaster.  Kilgore has been under invested and silver city is so prospective I don't

[silverforever]

It worked out for him. According to the article link below he received over 3x  the median compensation of his peers. Others made out as well. Maybe there is a plan to his madness.    https://finance.yahoo.com/news/much-did-excellon-resources-inc-120151591.html?fr=sycsrp_catchall How Much

[silverforever]

I am not surprised by his performance as a CEO since he seems to have had no or little  business experience or training and no knowledge of business best practices, business management system standards and measurement and control systems and IMO is ill suited for the job. What does surprise me is that he, being a  corporate lawyer by education and training,  put

[silverforever]

One thing Excellon CEO does quite well is setting up Excellon's stock price for huge gains.  From 23 MR 2013, when he became CEO, to 17 Dec 2015 Excellon's stock price fell from  US$11.25 to US$.80, a 93% drop due to a number of factors  including  mismanagement, preventable costly issues, stock consolidation and dilution. This drove its market

[frankthetank007]

The true catalyst will be when Eric does a financing with the company for 3-5 million at these low prices.  Will probably double after that.  ONe think I don't want is for management to buy more prospective properties in Mexico.  Its failed on its mexican strategy and needs to move on until it settles its lawsuit.   

[silverforever]

At under US$19 AISC, Excellon is making some decent money here with their high production numbers to fund its exploration projects. IMO this is a game changer as metal prices start their next leg up. Sprott buying more stock will definitely add a lot of fuel to the fire. The key is getting the word out so being on the NYSE with its huge investor base starts to pay off . 

[frankthetank007]

but there going to stop production on Platosa.  So we won't have any revenue after quarter 3 this year.  I sold EXN in 2019 because I always wanted them to drill Rincon discovery but they refused because it wasn't close to the existing mining in Platosa.  Well I came back because there going to drill that area now.  Management has been a failure in Mexico and shown a

[silverforever]

IMO they were only talking of closing Platosa because the costs were too high to operate it running around US$27AISC in 2021. I think they made that well known to get Mexican authorities and union to work with them to lower costs to keep the mine operating and get them to help settle/dismiss the San Pedro lawsuit. With Platosa now operating under US$19AISC, Excellon can

[frankthetank007]

Probably closing Platoso to show Mexican government that they don't need to mine in Mexico and that they need to fix this crazy lawsuit where a 500k option and 3% smelter of a mine that was never opened doesn't equal 23 million dollars.  Cahill is holding us all hostage with this stupid lawsuit.  Give the guy back the property.  

[silverforever]

Frankthetank, I agree. IMO, he is going to get this lawsuit rescinded/dropped at any cost because it will be a huge black mark on his Corporate Lawyer resume that he not only got a company he represented in a position to be sued, he also lost the lawsuit. Unfortunately it is costing shareholders a lot of money in the process. The good news is when he does, I think its save to say Excellon's

[frankthetank007]

I've never scene a lawsuit that started with the plaintiff sueing for 1 million dolalrs end up being 23 million.  As a corporate lawyer how could you have been so stupid?  If he just paid this initially we would never be this low in share price.  Literally trading half our revenue.  THat is bankruptzy level he took us too.  How he still has a job is beyond my knowledge

[silverforever]

The answer to your question, How does Excellon's CEO still have a job is simple, 99% of those votes exercised voted for his reelection last year per Excellon's NR below. The problem is that only a little over 3 million out of 34 million possible votes were exercised. So he actually received less then 10% of the possible votes, which was far from a vote of confidence, and was still