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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 Oct 19, 2024 11:28am
62 Views
Post# 36273038

RE:RE:RE:RE:Excellon needs to be broken up and pieces spun out…. or JV’s

RE:RE:RE:RE:Excellon needs to be broken up and pieces spun out…. or JV’sMy take. I think Excellon's/shareholders assets have been plundered thanks to its CEO's. Marine as you point out one way they have done this is by giving away portions of forward profits from Kilgore deliberately making it virtually impossible to spin Kilgore off.  Along with that they drove Excellon to over  10 consecutive years of net financial losses even with 100's of millions of income from its mining operations and deliberately forced massive stock dilution to Excellon's stock destroying Excellon's shareholder equity. They have proven they will find a way for Excellon to loose money regardless of its asset while rewarding themselves and those they choose that ensures they stay in office. You can call this Fiduciary irresponsibility, gross negligence, incompetence, incapable or whatever you like, regardless, it looks like Excellon has lost all credibility keeping  investors away. Can this change and Excellon's assets finally become accretive, attract investors and make a lot of money for Excellon and its shareholders? Sure, Excellon has other potentially valuable assets in Mexico and Germany that can be spun off, optioned out, sold outright and even mined, but probably not under these CEO's that were responsible for over a 90% loss in Excellon's stock price in the last few years alone and are obviously not on Excellon's shareholders side. 
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