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Message: What is Management Thinking? NOTE TO EXN MGMT

The junior mining sector has been weak for months now. So mgmt exacerabtes Exn's problems by announcing a consolidation at the worst possible time, after all, we don't need this consolidation to raise funds, and the size of the reverse split is totally unnecessary.

Now, POG is in a downward spiral - for how long? a week? 2-3 months? Will Gold hit $1350?, $1100?

Suggestion to mgmt - rethink the size of the share consolidation - (1:2) and clarify your position before shareholders are asked to vote.

Wise mgmt quickly reacts to changing external factors, and reverses course.

WB

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