RE:RE:RE:RE:RE:RE:RE:Excellon needs to be broken up and pieces spun out…. or JV’s if failure was "the plan" all along, then why would Excellon make public plans about spinning out silver city, deals on Mexico's assets or publicizing drill results from Kilgore and more.....
why all the time invested in making "a deal" with debenture holders to keep the company alive with the debenture holders having increased stake and skin in the game of the surviving company
and if failure was the plan all along.... to "run out of money" then why raise any money in the first place and if running out of money was the plan all along..... then why not say that you were out of money 5 months ago?
Small resource companies with great properties typically do not declare bankruptcy
even when they're out of money, they make deals on properties which is where I think we are heading
The debenture holders are (already) huge shareholders, and they benefit from the company survival just as much and more as anybody
they don't need a bankruptcy, they need excellon to survive. I think the delay is more based on market conditions... which are changing favorably
JMVHO