Third World BuII Let this be a reminder that doing business in Mexico is a C_shoot. I've seen other companies destroyed by the BuII that can take place in Mexico. Look at what happened to Bandera, BGL. We need a management team that can pay off the corrupt authorities so the mine can get back to work. I then recommend getting out . Hopefully this can happen before EXN turns into BGL................
Criminal charges for trespassing were laid more than four weeks ago, immediately following the commencement of the blockade. On the evening of Monday, August 6, 2012 the Company notified the Mexican federal government that it would be imminently required to declare force majeure unless the illegal blockade was removed. Despite that notice and the evident urgency of the situation, no actions were taken by authorities to prosecute the outstanding criminal charges and uphold the law.
The Company continues to meet regularly with local, state and federal governments in Mexico in an effort to resolve the situation. La Platosa remains under care and maintenance during the illegal action