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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 Thales42on May 15, 2020 9:46am
109 Views
Post# 31032557

RE:reverse split ratio

RE:reverse split ratioHI jcw,  the timing of the rollback matters - Exn SP follows the price of silver; when silver was at $15 Exn SP traded in the 40s range; silver at $15 saw Exn SP hit 50 cents; silver at $16.5 should see Exn SP easily in the 60s and 70 cent range.

it is clear why this is relevant for Exn management - 10 to 1 consolidation when silver was at $14 and below could change to 5 to 1 consolidation if silver keeps rising. 

Exn needs to raise capital to finance Kilgore and Silver City explorations; on the other hand,  a month or two down the road silver could be at $18 and Exn trading at $1, so financing thru PP is also time sensitive. BTW, if I remember correctly both Exn and Otis received transitional bridge loans from Sprott, so a PP may not be imminent (fingers crossed).

Bullboard Posts