Excellon Resources Inc T.EXN

the end

[frankthetank007]

So weird that a company like EXN wouldn''t at least sell some assets to at least try to make a new deal with the debenture holders.  Like sell silver city for whatever you can get.  So stupid that the company screwed themselves by buying other properties instead of actually owning there own mill on site at Platosa.  Cahill was the worst CEO in the history and owes all the shareholders millions for being an imbecile.  Lets go out and buy all these other properties that are going to take millions of dollars to explore when we don't have the money.  Cahill should be sued for being incompetent.

[baranja]

the end is here, yup. I always knew those days will come soon. Not just for this, for all of those "Canadain" silver companies that mine in South America.  I had a feeling they are sick and tired of those criminal manipulations of Gold and Silver prices on US future markets. I think this how will end many of miners in South America.  They woke up now.  I would stay away

[tootall123]

(I had a feeling they are sick and tired of those criminal manipulations of Gold and Silver prices on US future markets.). Welcome To America! Welcome to the most corrupt lying nation on the planet....Fact GOLD IS KING...

[baranja]

Yes, the world is waking up now. Sick and tired of giving away their precious natural resurces for few dollars, freshlly printed USD.   The amount of fiat being printed during the last 20+ years is mind boggling while silver prices moved nowhere.. I am thinking South Americans are sick and tired of giving away their resources.  The gig is up now.  I am sure more and more Silver

[frankthetank007]

First off this central america/north america not south america.  Mexico is not south america.  Secondly this has nothing to do with people thinking about precious metal manipulation by JP Morgan and the cabal.  This has to a company that made many bad decisions led by Cahill the moron who wasted money, made stupid aquisitions and never built a mill on its platosa property when they

[baranja]

Good point., yes I agree with you, I was talking overall about south of US border. So much Silver companes got ruined there.  First one I remember was Taho Resource. I am still amazed that Mexico and Latin America still allowing their Silver to be extracted for such as small price.  Just waiting for China to walk in and made a deal with them to pay in Yuans and just take over those

[Marine2]

frankthetank007 When you say,  "So weird that a company like EXN wouldn''t at least sell some assets to at least try to make a new deal with the debenture holders. " Well I think EXN may be selling (handing over) their Mexican assets for $17.9 million to satisfy debenture holders ! ,,  Bad investment ! Debenters due June 31st ! What's gone ?   

[frankthetank007]

I agree there is upside on EXN but its hard to get upside if they go bankrupt because then the investors who buy the bankrupt company get the cheap assets not the existing shareholders.  Since there is no debt EXN should be able to survive but not guarneteed.  Seems like the vultures will pick over the remains through bankruptcy but if we do survive then this could easily be a 10 bagger

[Marine2]

Yes, we will have to see what happens. This could be a great Las Vegas bet with a great pay out ? Bets being placed (487K shatre being traded so far) @12 C Time will Tell The Debentures are secured against the Company’s assets in Mexico. Convertible debentures and liquidity The company is in advanced discussions with holders of more than 66-2/3 per cent of the principal of its outstanding