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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 Mar 12, 2022 10:21am
199 Views
Post# 34508867

RE:EXN the stock to own today Top of the top 10 !

RE:EXN the stock to own today Top of the top 10 !This is one for the record books. The number of shares of Excellon's stock traded in one day exceeded its total shares outstanding and its stock rose as much as 100% in a day and as much as 300% since its February low (all including after hours trading). IMO, by any standard this is a 'Company Takeover' and  was either orchestrated by insiders and facilitated by Excellon's CEO to keep his job or outsiders who saw  Excellon's potential and wanted to own the company and put a more capable, competent and credible CEO in charge to take the company to the next level. Whomever is responsible for this 'takeover' must have deep pockets, are well connected in the financial markets and are in it for the long haul. IMO fingerprints that this was about to happen were all over the place from strategically placed small and continuous sell orders on both NYSE and TSX to lower the price on one so they can buy cheap shares on the other, to buying Excellon's stock in 'after market trading' so stock price increases would not show up in historical prices and on next day trading bids and asks so they could buy more at low prices the next day. I think with  little or no news from Excellon to prove otherwise, retail investors feared the worst and sold their stock playing right into the hands of the new buyers. I think these buyers acquired as many shares as they could at the lowest prices possible until a major positive development was about to be released by Excellon and when time ran out they just let her rip. As soon as they got the price over $1, I think institutional investors started to come in which should move the stock to $2 quickly. The momentum then could take over and off she goes. I think this is reminiscent to what happened to Excellon's stock price in 2015-2016, which was Excellon stock price last big up cycle, gaining over 800%  in 7 months when Eric Sprott first got involved in Excellon and as BMyles recently pointed out. The timing for the next big up cycle is about right and so far this cycle is ahead. We shall see. 
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