Excellon Resources Inc T.EXN

Sublt this Miguel Auza Litigation Stock $1.70

[Marine2]

Sublt this Miguel Auza Litigation !

Aug 10, 2021

Excellon Provides Update on Miguel Auza Litigation

 

T:EXN - EXCELLON RESOURCES INC. - https://www.excellonresources.com

17:59:40 EDT

Live Quote

Sym-X	Bid - Ask					Last	Chg	%Ch	Vol	$Vol	#Tr	Open-Hi-Lo	Year Hi-Lo	Last Tr	News	Delay
EXN - T  ATS	3.0	1.69	·	1.76	5.0	1.70	-0.06	-3.4	70.7	124	268	1.76  1.76  1.67	4.76  1.59	16:00:00	Oct 26
TSX - T	3.0	1.69	·	1.76	5.0	1.70	-0.06	-3.4	40.2	70	135	1.76  1.76  1.67	4.76  1.59	16:00:00		15 min
NEO ATS - U						1.73	-0.03	-1.7	15.0	26	42	1.75  1.75  1.68		15:57:05		15 min
Omega - O						1.72	-0.04	-2.3	0.5	1	1	1.72  1.72  1.72		09:56:18		15 min
Pure - P						1.69	-0.07	-4.0	1.8	3	7	1.72  1.72  1.69		10:57:27		15 min
Chi-X - X						1.73	-0.03	-1.7	8.1	15	43	1.76  1.76  1.68		15:57:05		15 min
CX2 - H						1.73	-0.03	-1.7	3.0	6	22	1.72  1.74  1.70		15:59:54		15 min
TriAct - M						1.76			1.1	2	16			Sep 11-20		15 min
Lynx - Y						1.70	-0.06	-3.4	1.0	2	2	1.71  1.71  1.70		15:26:22		15 min

[Thales42]

The Golden Rick Rule Rule: “Invest in management first...”

[silverforever]

Then Excellon should then be a strong buy according to the statement below on Excellon's Corporate presentation! At least two are Lawyers with Corporate Law experience and contacts*. Keeping Excellon from paying anything in the San Pedro Lawsuit fiasco should be right up their ally. But one has to wonder how they allowed Excellon to be in a position it could be a target of such a lawsuit in

[Thales42]

Silver, some of the directors you listed are gone, including the old fart Andre. As for the other lawyer, he maybe  sh-----ng his underwear because of the litigation fiasco and he may be on his way out too. I took notice when the news abou the litigastion first broke and Cahhill assuerd Exn shareholders that the case had no merit.  He may be right, legally speaking, but that is not the

[silverforever]

Thales, I agree. However I think a few things have transpired that show Excellon's CEO may have a handle on this mess, albeit a little late. In a video posted on this board by  supporters of the lawsuit on 7 Oct 2021, a statement was made that San Pedro's bank accounts which totaled less than $300 were frozen by Judicial Order in mid Sept 2021 verifying  his

[Thales42]

Silver, never mind that the decision is entered against a subsidiary of Excellon as the winning party is entitled to recoup the amount from the parent company.  Do not trust the interpretations that suggest Exn can somehow limit its liability in this case. As for the second part of your post, Excellon  could be negotiating behind close doors some sort of settlement, but I doubt  we

[Marine2]

Thales Who knows,, maybe this whole agreement is being negated away in a larger settlement ?? La Antigua was included in Excellon’s acquisition of Silver Eagle Mines Inc. (“Silver Eagle”) in 2009 and includes a portion of the Evolucin mineral resource at Miguel Auza. The concession is subject to an exploration and exploitation agreement with purchase option (the “Agreement”) between

[StBarbara]

I can´t trust in the affirmation that  Exn can limit its liability in this case, let me tell you why, on date December 5, 2019  in the Update on Legal Action Excellon officially stated: “We expect this decision to be reversed and rationalized in the federal court system. In the interim, we do not expect any impact on Excellon’s ongoing business activities.” And look where we are