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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 an epithermal gold deposit which covers over 6,788 hectares, located in Clark County, Southeastern Idaho. The Silver City Project, a high-grade epithermal silver district in Saxony, Germany totaling over 340 square kilometers (km2). The Company also has an agreement to acquire the past-producing Mallay Silver Mine and Tres Cerros Exploration Project in Peru.


TSX:EXN - Post by User

Post by Marine2on Jan 08, 2022 9:56am
288 Views
Post# 34295951

End Game ??

End Game ??

When looking at this whole picture who would benefit ?

Debenture holders may try to take the position that an event of default has occurred under the Indenture.” 

 

“San Pedro has not received any notice that the plaintiff has initiated any insolvency proceedings or any enforcement proceedings that could result in San Pedro losing control of the toll milling operations.”

 

One thing to think about, with Brendan Cahill being a lawyer, he may be setting this up to play one against the other ? Does the Mexican government care about jobs and weigh into this ridiculous judgment granting the plaintiff an award of approximately US$23 million ? Who wins, who losses in this ? 

Only time will tell,, I have not counted Brendan Chill out of this life death game ! More may be going on then we know ?

But then I don’t have a lot left to lose !

M2

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