RE:RE:RE:RE:RE:RE:RE:Updated 'Corporate Presentation' on Excellon's websiteCongratulations. Let's all hope for the best! We await the news about the company's new silver mine that may also become a gold mine as time progresses. The base metals will be streamed out and I don't care about that if it gets us full ontrol over the Mallay mine and the nearby exploration play.
Stock dilution will be minimal as I understand the deal.
Mines today are incredibly expensive to build. And they take some considerable time to construct. So if we get hold of a mine and mill for so very little in dollar terms, then this will become a coup for Excellon management in stellar proportions.
I can't understand why so many continue to sell. But that's how stock consolidations always work. Until the selling has finally been exhausted, we just have to wait for a better price.
The overall US market has become wildly over-priced. Some price corrections are taking place. But there remain seasonal trends that many would choose to follow to try to make some money. Let the sellers go without any remorse.
Try to look forward a few more months more while Excellon becomes a miner in Peru. And just ignore todays volitility in price as our shares get bought and sold. These kind of short term fluctuations are a normal part of this present period of consolidation!
There is no delay in the deal. It just takes time for the courts to do their duty. Everyone involved in this deal must take some time to do their own due dilligence so as not to be seen to have make a mistake.
I have done mine. How about you?
All the best! Java