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To: Goose94 who wrote (9865)10/23/2014 10:45:28 AM
From: Goose94Respond to of 203353
 
MUX-T new 52 week low, $1.76



To: Goose94 who wrote (9865)11/18/2014 1:20:56 PM
From: Goose94Respond to of 203353
 
MUX-T seasonal uptrend. Trades $1.87 up 30 cents vol. 311,014



To: Goose94 who wrote (9865)3/5/2015 8:08:11 AM
From: Goose94Respond to of 203353
 
Rob McEwen (McEwen Mining (MUX-T) is sticking to his guns. Despite the poor performance of the gold price the last two years, and predictions from numerous experts (including Goldman Sachs) that it will drop further, the famous gold entrepreneur maintains his long-held belief that bullion will head north instead -- perhaps to US$5,000 an ounce.

Mr. McEwen, says, "I think we're at a turning point." He uses charts to show the explosion in the United States monetary base since 2008, along with rising debt relative to GDP. He also notes that a New York condo recently sold for $95-million (U.S.), while a Gauguin painting sold for almost $300-million (U.S.). "It sends a message that money is not that valuable anymore," says Mr. McEwen, who was formerly CEO of Goldcorp (G-T).

Like other gold miners, McEwen Mining is facing increasing political and economic challenges in the countries in which it operates. McEwen Mining shares have been on a downward trend for the last eight months.



To: Goose94 who wrote (9865)7/6/2015 9:47:57 AM
From: Goose94Read Replies (1) | Respond to of 203353
 
Rob McEwen's McEwen Mining Inc. (MUX-T) slipped four cents to $1.17 on 26,000 shares after receiving a warning from the New York Stock Exchange. Stocks listed on the NYSE must close at an average price of $1 (U.S.), calculated over the past 30 consecutive trading days, or they risk being delisted. McEwen has closed at an average of 96.7 U.S. cents over the past 30 trading days, which means the company has until Jan. 1, 2016, to fix the problem. In response, Mr. McEwen points out that McEwen's shares are undervalued. He blames the low price on a decline in gold and silver as well as a general reduction in financing options. If the company is delisted, it will be even further from its main goal: qualifying for the S&P 500 Index. Hopes of making the index were one of the main reasons Mr. McEwen merged his Minera Andes Inc. and U.S. Gold Corp. in late 2011. The merged company has met six of the seven index criteria so far, but the final criterion will be the most difficult. McEwen needs a market capitalization of at least $5.3-billion. At today's 300 million shares outstanding, this means a share price of $17.63.