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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 Jun 20, 2024 4:45pm
88 Views
Post# 36098821

RE:RE:RE:RE:Bad restructuring deal sunk Excellon, IMO

RE:RE:RE:RE:Bad restructuring deal sunk Excellon, IMO
Now that Excellon's Officers, Directors and Debenture Holders* have full control over the company they can either 1)Finally "unlock significant value for our investors from each of the jurisdictions in which we are operating” as Excellon stated it would do years ago, raising  Excellon's asset's market value/market cap back to its historical average of C$140 million and its stock price up along with it. Or 2) Force Excellon into bankruptcy and take complete  ownership of Excellon's assets as suggested on this board. Either way they will make a fortune at the expense of Excellon's shareholders, some paying over C$10/share for Excellon's stock as recently as 2018, even with Excellon  owning fewer assets and gold and silver prices much lower. IMO, If Debenture Holders do not step up, do their part  for everything Excellon shareholders gave them, and finance Excellon's operations and projects soon, you will know what their plan is. 
Does this constitute 'Fiduciary Negligence' or something even worse on the part of Excellon's Officers as also suggested on this board? That is for some one else to decide.   
 
*The actual names of the individuals that own these Debentures have been hidden through LLC's and other entities.
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