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Excellon Resources Inc T.EXN

Alternate Symbol(s):  EXNRF

Excellon Resources Inc. is engaged in the acquisition, exploration, and advancement of mineral properties. The Company is advancing a portfolio of silver, base metals and precious metals assets The Company’s project portfolio includes Kilgore, Silver City and Evolucion. The Company’s Kilgore project is an advanced gold exploration project in Idaho. The Kilgore gold project is located in Clark County, Southeastern Idaho. The Kilgore gold project comprises 614 lode mining claims and consists of approximately 6,788 hectares (ha). The Silver City is a high-grade epithermal silver district in Saxony, Germany. The Evolucion property covers 31.28 square kilometers (31,280 ha) and 17 km of strike along the Fresnillo trend, a silver district.


TSX:EXN - Post by User

Bullboard Posts
Comment by billm8192on Apr 11, 2012 2:50pm
290 Views
Post# 19781816

RE: Just keeps on going down

RE: Just keeps on going down

I agree with you Franky about what is happening to the stock.  However, I don't think it is the new operating management's fault....operations are going well... Wyeth as CEO is a positive.  In my opinion it is the Board membership that needs to be overhauled. We have a share repurchase program in place but the Board has chosen to "idle" it and only the Board can reactivate the program.  When it was initiated , you may recalll, the stock went from $.50 to $.69 in a short period of time.  The Board's reluctance to reactivate the program and continue to allow the  stock to be hammered to a 2 year low by traders buying and selling 100-500 shares per transaction causes one to wonder what the Board's objectives really are.....certainly they do not appear to be congruent with the sharholders...disappointing at best.  Hopefully they will back off of this position soon before they destroy the entire market's interest in this stock as an investment. 

Bullboard Posts