Excellon Resources Inc T.EXN

News soon

[frankthetank007]

WIth the AGM pushed back and the NYSE requirements do EXN has to do something.  We need sometype of momentum changing news.  New discovery would be nice

[Marine2]

News soon !   Something I hope comes out of this reconfiguration of EXN     1) The Mexican operation becomes an separate company / operation,, don't trust the rule of law in Mexico ! (then let it go bankrupted)   2) The Kilgore Project and Silver City (Germany) are put into a exploration company.   Mexico has become a,,  and has been a load stone

[frankthetank007]

Platosa is a seperate corporation then San Pedro.  Why on earth Cahill is acting like such a dolt is beyond my knowledge.  Why didn't he just pay the half million dollars in the first place.  You couldn't of screwed up the lawsuit any more then turning a 500k-1 million payout into a 23 million strangle hold on the company.  Shareholders should be sueing Cahill for a 22

[StBarbara]

according to Minero108 all the San Pedro Resources assets were seized already, the mexican justice granted them, so, what to offer as payment?

[silverforever]

If that is true, the San Pedro lawsuit fiasco has finally run its course which should be good news for Excellon's stock price. The plaintiff is now the owner of San Pedro Resource's assets which are a few hundred $ in bank accounts, the land the plaintiff previously owned, a mill that made no money and all the  issues that go with it. Excellon took ownership of the land and mill in

[StBarbara]

sadly, the plaintiff now goes to Canada with a big law firm trying to collect the rest of the debt in a Canadian Court against Excellon and its subsidiaries. The story will continue until the total payment of the debt with its negative effect  in the stock price.

[silverforever]

Good luck with that nonsense. Excellon's CEO, being a corporate lawyer in Canada, would have had this all buttoned up legally in the way he structured Excellon. That is why the plaintiff received the little he did if what you stated is correct. IMO, the plaintiff is lucky he got that. 

[Marine2]

When you say, "" the plaintiff now goes to Canada with a big law firm trying to collect the rest of the debt in a Canadian Court against Excellon and its subsidiaries"" This is when "the plaintiff" finds out Canada is a country baced on Law not the bogus Court system in Mexico  (judgements of $28 M for a $100,000 clame. LOL Dump the Mexican operation

[frankthetank007]

So why would the plaintiff get any more money if he got the property back and all the upgrades EXN.   made to the property plus drill results, plus he recieve his monthly payment for the whole time.  What else is this guy entitled too? So 500k owed gets 3k a month for 12 years plus the property back. Seems like you think that EXN's seperate corporations all owe the money from a

[frankthetank007]

You do realize that EXN and San Pedro has paid 14 years of 2500 month for the property and they gave the property back to the original owner.  I can say that maybe the entity is entitled to lawyer costs but nothing else as the property was never even mined so all resources are there and they can resell the property or mine it themselves.  

[frankthetank007]

Not a chance that he gets anything from the other subsidaries of excellon.  30k a year for 14 years is 420k plus the property back is a win for this plaintiff.  Now go fly a kite 

[Thales42]

Do not think the plaintiff is sophisticated enough to know his remedies rights under NAFTA, meaning it is highly unlikely he will extend his claims beyond Mexico jurisdiction.  The problem is that he could enforce (not sure if he's already done so) the judgement against the other Mexican properties and subsidiaries of Exn, especially Cerro Mayo mill which alone has a replacement value

[frankthetank007]

They can't just seperate the assets as you've talked about.  THe new company would have to buy the assets or give the shares fo the new company too EXN.   I do agree with you on how little transparency Cahill has provided us shareholders.

[StBarbara]

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[StBarbara]