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Excellon Resources Inc. T.EXN

Alternate Symbol(s):  EXNRF

Excellon's vision is to create wealth by realizing strategic opportunities through discipline and innovation for the benefit of our employees, communities, and shareholders. The company is advancing a precious metals growth pipeline that includes: Kilgore, an advanced gold exploration project in Idaho with strong economics and significant growth and discovery potential; an option on Silver City, a high-grade epithermal silver district in Saxony, Germany with 750 years of mining history.


TSX:EXN - Post by User

Comment by silverforeveron Jan 12, 2023 9:57am
322 Views
Post# 35218159

RE:RE:RE:Positive move by EXN

RE:RE:RE:Positive move by EXNMarine, I hope you are doing well. I do not think insolvency is an issue or Excellon they would not have been able to buy La Negra on an all stock deal from an 'Investment Fund' whose charter is to make money. As I see it, the biggest problem with Excellon is that their past leadership put Excellon's Mexican properties at risk in many ways, got caught and had no way out but to abandon Mexico and change the entire narrative and direction of the company into something investors obviously did not want and without shareholder approval. This, which I call misdirection, cost shareholders a lot of money and essentially took Excellon from productive mining company to a speculator with the same "failed" leadership. I think Excellon's new leadership has learned from this and is  focusing on mining, income and using the expected positive cash flow to fund exploration. All the things that made Excellon an attractive investment back in 2015-2016 when the stock price rose over 1000% but failed to execute for the may reasons brought up on this blog. Unfortunate Excellon's past leadership did so much damage that they ran the companies stock down to where Excellon shareholders had to give a lot make this deal. But IMO it will pay off. 
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