RE:RE:RE:RE:INVESTMENT SUMMARY 2024Hi Silver,
Yes you are right about past management but in the meantime EXN has moved from .07 to .18 in the last week, tells us something is moving forword, just bought a small amount @ .11, EXN,,, may not declare insolvency after all ! Excellon still has all the "good" assets it had when the stock was $5/share. BUSINESS RESET NEARLY COMPLETE, ATTRACTIVE ENTRY POINT
Shareholders approved the restructuring of the Company’s 5.75% secured convertible debentures (the “Convertible Debentures”)2, which restructuring, when completed, is anticipated to reduce indebtedness by 58% or $10.4 million and provide a clearer runway for equity recovery.
Debt: Reduce C$10.4 million in liabilities, restructuring nearly complete ?
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Who knows, this is a Las Vegas bet,, I don't think debentures holders will fold up EXN, they are also large shareholders and have a lot to lose !
M2