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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

Comment by silverforeveron Feb 08, 2022 12:07pm
147 Views
Post# 34408939

RE:RE:RE:RE:RE:$22M (US) Market Cap

RE:RE:RE:RE:RE:$22M (US) Market Cap
Hi Bmyles1. I agree with you " its always something with Cahill". IMO he has been a disaster for Excellon based on its poor  financial performances, costly mistakes, preventable issues and destruction of Excellon's shareholder's value just to name a few. He was also there when Excellon's stock was run down to a low of C$1.00 back on 8 Dec 2015 which IMO was the end result of his  first reverse stock split. But in a surprise to just about everyone, the stock ran up to C$12.00 by 11Aug 2016 and stayed around there for years with no new discoveries, higher AISC and lower silver prices than today. What it had going for it was a new uptrend in silver prices and mining stocks  and Eric Sprott as an active buyer of its  stock who still owns/controls  4,387,643 shares, so you are in good company.  Bottom line, things can and do change in a heartbeat and although one can build a case that he has failed as a CEO, maybe even as a lawyer if Excellon's pays anything in the San Pedro lawsuit, he does seem to be a capable deal maker and the right deal could be a game changer.  He made some good deals in acquiring Silver City options and property claims. He also made a  good deal in getting Otis Gold/Kilgore at a low price with gold in the  US $1500/oz range. If Kilgore was sold,  Excellon should make a good profit and free up capital to fund exploration on its other properties. If this was done and Excellon's CEO learned anything from his 'on the job' training, which I think he is capable of doing, he should be able to handle the company's activities going forward and there should be more opportunity for  discoveries. If history repeats itself, which I am a believer it does, Excellon's stock could  repeat what it did  in 2016 with another new uptrend in silver prices and mining stocks. I could be totally wrong, but at these prices for me the risk is worth the potential reward. Whatever you decide to do, Good Luck! 
 
PS. If you decide to sell your stock you may want to call Excellon's CEO and/or BOD member and let them know of your intensions and see if they can arrange it. My guess is that there are entities they know  that  want to purchase large amounts of Excellon's stock that they cannot/will not do the retail exchanges because it will drive the price through the roof at these low trading volumes and therefore are hoping or waiting for some kind of private placement which may never happen. If so, they may jump at the chance to buy yours. I have no clue whether that will work but even if it doesn't you might learn a lot in the process. 
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