Excellon Resources Inc T.EXN

When I first posted about Excellon…

[Smelvin]

I had mentioned that the debentures were seemingly tied to the assets in Mexico.....

given the lack of news regarding the debenture restructuring, and the earlier statements that the debenture holders may actually help finance the company, and the subsequent sale of Oakley, it now definitely seems as if the aforementioned will be the reality.

although I don't know anything, and it's just my opinion, I think the debentures and assets in Mexico are tied together, and Excellon is planning and has planned a future centered on 1,000,000 ounces of gold at Kilgore, and a successful spin off of silver city, which should be a nice reward for current shareholders, if all goes well.

[Smelvin]

Commenting on my own post here....seems like the Mexico assets go bye-bye along with the debentures... this is what appears is happening, of course subject to change

[silverforever]

If you are right, which statements from Excellon's 30 Aug 2023 NR below seems to support, Excellon's Mexican properties essentially cancel out its dept/debentures. Per same NR, Excellon monetarized some of its is non core assets resulting US$2 million in working capital. That leaves Excellon with no debt, US$2 million in working capital and its core

[Marine2]

Silver I agree, let Excellon's Mexican properties go essentially canceling out its dept/debentures. When this happens our share price wll double over night. The debenture holders made a bad investment, they singed the debt to the Mexican properties, the only thing Brendan Cahill did right. IMO Until Excellon deals with this debt/debentures they will be on the critical list ! M2

[silverforever]

Marine. Excellon's share price doubling will be a good start but a drop in the bucket compared to what it will be when it starts to reflect the actual value of Excellon's net assets per my previous post. Now that all of Excellon's previous CEO's debacles that resulted in Excellon's market cap being a fraction of its net assets value have finally taken their course, this could