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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 25, 2024 8:49am
112 Views
Post# 36104684

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

RE:RE:RE:RE:RE:RE:Bad restructuring deal sunk Excellon, IMO
Marine. IMO Excellon's market cap would be over to C$120 million(140 million historical value minus the C$17 million dept paid off) if it wasn't for Excellon's  actions and inactions detailed on my previous posts and giving Debenture holders control of Excellon and other considerations for a ridiculously lowjC$10 million. That, and the fact that it got away with it so far, is still unbelievable to me. Regardless, I think Excellon's market cap can easily get back to that level if run by credible and competent people who are capable of actually making Excellon's assets accretive(unlocking the value) instead of just talking about it for years, especially with gold and silver price being as high as they are now. Excellon did not even own Kilgore and Silver City when its market cap was averaging over C$140 million. Obviously Excellon's assets are valuable, IMO if they weren't those who run Excellon would not have gone to all the trouble, time and expense to give them away to Debenture Holders, albiet this was done on shareholders dime. The problem is that there are now 89 million shares of Excellon's outstanding verses a quarter of that before this giveaway, meaning Excellon's stock price can now only go up to less than C2$ for Excellon to reach this market cap, versus the C$10 stock price it was in 2018 and where it needs to be for Excellon's long term shareholders just get their investment back! Like I stated before, there are those who are going to make a lot of money on Excellon's assets, it just will not be Excellon's shareholders that have been funding this operation for years.
 
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