RE:RE:RE:Excellon´s new assets in Mexico... really? Marine I agree with you. The plan he submits should shed light on what Excellon's CEO is actually doing and could reveal the "Ace up his sleeve". IMO if he would have developed, communicated and implemented such a plan to increase returns to shareholders/investors a long time ago as expected, Excellon's stock price would be multiple times higher today. This, I believe is just another way he has failed shareholders. That being said, all he really needs to do is get the bogus San Pero lawsuit judgement dropped and remove the resulting $22.2 million charge recorded in its financial records as stated in its 31 March NR below and Excellon would probably be in compliance. Whatever he submits, it should be good for Excellon's stock price and may be the catalyst it needs to start its the long awaited upturn.
"As disclosed in Q3 2021, the Company received the formal written decision regarding the litigation involving the Company’s subsidiary, San Pedro Resources (“San Pedro”), in respect of the La Antigua mineral concession (the “Judgment”). The Company recorded a Provision for litigation of $22.2 million in Q3 2021 as required under IFRS’s International Accounting Standard 37 – Provisions, Contingent Liabilities and Contingent Assets (included in Other Expenses). The uncertainty related to the Judgment also contributed to the $0.8 million impairment loss and the $3.1 million deferred-tax asset derecognition (included in income tax expense). The Company continues to pursue avenues through its labour, community and government relationships and is investigating remedies under international law."