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Excellon Resources Inc T.EXN

Alternate Symbol(s):  EXNRF

Excellon Resources Inc. is engaged in the acquisition of advanced development or producing assets. The Company is advancing a portfolio of gold, silver and base metals assets including Kilgore, an advanced gold exploration project in Idaho, and Silver City, a high-grade epithermal silver district in Saxony, Germany. The Kilgore project is a caldera-related epithermal gold deposit which covers over 6,788 hectares, located in Clark County, Southeastern Idaho. The Silver City Project is comprised of four mineral licenses totaling over 340 square kilometers (km2).


TSX:EXN - Post by User

Bullboard Posts
Post by AngelEyes3on Sep 17, 2020 12:00pm
248 Views
Post# 31574567

typical action of a reverse split

typical action of a reverse splitWe are getting the fall out from the reverse split now. The share price is now down to the old 90 cent range before they did the consolidation. As stated before a reverse split only works if the company is making nice profits and have a good reason for it. But in this case it was not justified. If they waited until we received some great drill results and the company was making profits the market would have looked at it and gave it a pass but in this case the naked shorters have seen an opportunity and they will do a take down because in 99 percent of these type of consolidaations or reverse splits the shares get hit. The news out today was neutral at best given the grades. So now we need earnings and profits and a good drill result in Germany or we stay in this range of the old 90 cents. or 4.50 area now. I am not impressed with the Managnement of this compnay at all and they have been proving my opinion over the past few years. Wish I sold out now. If we have a rebound as silver firms I will be mostly out unless silver city hits big.
Bullboard Posts