Excellon Resources Inc T.EXN

Dafuq

[richman70]

Silver is doing ok, lead and zink is up and this toad is smashed again.

[silverforever]

All the selling has been happening on the Canadian Exchange.  Yesterday for example the stock traded a very high  304,000 shares, 52 week ave trading is volume is 87,000. Yesterday on the NYSE volume was a very low, 28,000 shares 52 week ave volume 61,000. Where is all the new buyers being on the NYSE was supposed to bring in?  

[OliverZ]

New buyers ? come on ;-) why ? this stock is short term dead imo. Nobody talk`s about EXN as a buy ( so far i saw that ) Silver is doing good , Silver miner`s are hot on social media but i NEVER saw anyone recommend EXN. Maybe in a few years IF one of the projects come closer to something. Looks like we need Silver at 30+ to have a nice run and if so first thing is to go out of this stock.

[Thales42]

Why such negativities from long time holders?!!  Paltosa mine operations are improving, and we have some encouraging drilling results from Platosa.  We do not talk about about increasing production in Platosa, which is also a possibility. Remember that silver is the ONLY commodity that has not reach its peak in the recent commoditities cycle. Silver time will come. Remember that Exn was

[OliverZ]

With Silver above 30$ i think any Silver producer will have a great run so i hope EXN will also . I guess they have to drill Kilgore first to show something before getting a partner for a JV in , so that plays out maybe in 2 years +  Even more early stage is Silver City , much drilling will be need to catch attention imo. Platosa drilling is first of all a MUST to replace resources and

[Thales42]

In addition to the price of silver,  Exn future share price will largely be dependant on the  Exn course of action.  To begin with, former Otis executives on Exn board are selling the idea of KIlgore being the top priority, which I believe is not shared by all Board members.  If Kilgore development is pushed on fast track, essentially in the next 5 years Exn will be a tough

[OliverZ]

Again , i think they must first show a bit more at Kilgore to get a partner . So we got to wait for that 2 ? years. maybe i hold a smal position just for fun but atm i hold 22k shares and i see in the near to med term better plays in the sector. Silver at 26 and i am still in red with EXN , better not think about that ;-)) However i guess we all hope for a Silver outbreak so GLTA

[Thales42]

Oliver, not sure about the need to further explore Kilgore before we find a suitable JV partner,; deals are made every day; I think  it is just a matter of how the particular deal is negotiated Yeah, it sucks when you hold a large position and you are in red - being there so many times.  Actually, I am also in red with Exn as I bough most of my shares circa 2018. The things is that I

[silverforever]

Thales I agree completely. My take is that Excellon's stock has been hammered ever since The Otis Gold deal was announced. I believe part of it was due to the surprise announcement of a negative stock consolidation at the same time, but also because investors are questioning Excellon's  CEO/Leadership ability to successfully take The Kilgore property to the next level based on their

[OliverZ]

Imo, Kilgore is not the issue here , its a chance. It was cheap and it gives EXN a lot of opportunities , but it need`s time. Jurisdiction will become more and more important in the fututre, because of political and ecology reasons. Germany is slow somehow but when they move the got power , see how Mercedes, BMW and VW respond to Tesla in a short time they will lead the ev pack imo. That brings

[silverforever]

Oliver I agree with your statement about the Kilgore Property "It was cheap and it gives EXN a lot of opportunities , but it need`s time".  But most importantly it needs a good plan, direction and oversite to ensure it reaches its full potential. Based on past performances, Excellon's CEO/leadership may be perceived as being incapable of providing this and unable to

[Thales42]

Silverforever, very thoughtful post!  We definetely do not need Brendan podcast routine and his recicitation of the importance of KIlgore and the annoing bragging how cheap Kilgore was acquired.  The truth of the matter is that Market does not and will not give a F**** about Kilgore potential now.  Concequently, Market currently gives ZERO value for KIlgore and will do so until this

[OliverZ]

I think you need the market a bit more about Kilgore before JV etc.  Drilltest the Aspen Formation , proof highgrade . I talk about 1 drill saison ( i hope ) for me its nice to give it away Tomorrow if that helps , but i can not see that yet, i hope i am wrong.

[Thales42]

You may be right and after one season of  explorationd Exn could come up with a number of  high grade hits. To begin with we are only talking about prospective deep drills as oposed to  marginal open pit reserves.  Exn will need many years of exploration before the company reaches the point of declaring UG zone to be economically vialable for mining.  And that is just the

[OliverZ]

My hope in that is that we got allready something , the PEA looks not too bad and maybe with higher PM prices someone will step in after good drill results on Top ?  Who knows, anyway we got to sit and wait .