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IIROC Trade Resumption - MUX
Wed, August 31, 2022 at 11:34 AM·1 min read
In this article:
MUX
+4.70%
TORONTO, Aug. 31, 2022 /CNW/ - Trading resumes in:
Company: McEwen Mining Inc.
TSX Symbol: MUX
All Issues: Yes
Resumption (ET): 02:35 PM
IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions
Cision
Cision
View original content: http://www.newswire.ca/en/releases/archive/August2022/31/c4082.html
$MUX McEwen Mining Inc.
McEwen Mining Inc. 16,929 followers 29m •
29 minutes ago
The construction of the access road to the Gold Bar South Mine has begun. This work will be completed in approximately six weeks. Gold Bar South will benefit from a lower waste stripping ratio than our present operations. While the recovery will be slightly lower, the average gold grade will be higher, and we should see more recovered gold. This will contribute to lower cost production in Q4 2022 and throughout 2023.
A new highly productive and versatile D10 Dozer that will be used in the road construction has been delivered. It started building the road this week. In the picture, taken last week, our Chief Operating Officer Bill Shaver is standing by the machine to give context to the size of the D10.
Linkedin page
https://www.linkedin.com/feed/update/urn:li:activity:6970805481749565440/
If we get another 6 or 7 Goldmans selling their 140 billion in equities we will have a Bona Fide 1929 crash.
I'm all powder right now except dabbling a small amount in $MUX just to play with the algos.
Looks like MUX is going back down in the twos
In this week’s Live from the Vault, Andrew Maguire highlights the possible implications of Russia’s plan to create its own international standard for the precious metals market by establishing a local LBMA-competing brand.
With global investors growing frustrated over the unnatural capping of the gold and silver prices, the London wholesaler provides further evidence of the COMEX’s broken pricing mechanism.
00:00 Start
01:25 Picking last episode’s threads
09:50 What’s going to happen in the silver market?
11:40 Russia is creating its own LBMA-competing brand!
24:42 Where is the short-term imbalance likely to play out?
35:10 About the new Russian gold and silver benchmark
43:15 Andrew’s predictions on the Russia-China alliance
$MUX Begins Epic Run.....
Lots of Intermarket sweep orders (ISO) a order that sweeps several different market centers and scoop up as many shares as possible from them all.
Along with the continued buying and selling basket trades like yesterday.
Last time I counted it was 21 trades per minute at the 10:49 minute
It would be nice to see the short interest daily or even weekly. Theses small trades might be the “micro trades” that algorithms make. The super cables ran across the Hudson a decade or more ago have paid for themselves 100x over. The big boys as I understand it make money buying and selling ahead of everyone else. They are first in and firstout each direction.
Rigged beyond repair.
Who can trust the mining sector anymore? MUX institutions show up now whoa where ya been for the last 5 years... too late nobody trust a miner anymore. The shorts have made it clear ... The only way to make a buck is to short the eff out of the miners.
This message is posted before the morning breakfast club arrives at the cafe ordering their usual short stack of shortcakes.
as for me this is the first time I don't own any miner since 2009 and it's going to take an effing lot to get me back.
Daddy's Shorts are everywhere
Short interest is the volume of McEwen Mining shares that have been sold short but have not yet been covered or closed out. As of July 31st, traders have sold 1,220,000 shares of MUX short. 3.12% of McEwen Mining's shares are currently sold short.
more here...
https://www.marketbeat.com/stocks/NYSE/MUX/short-interest/
Looking for 10-baggers? Check Out This Investment Sector
$3.25 showing After hours
It's continued a little, hardly any volume
All those trades are going down as
i basket index on close transaction
So help me continue the math (see last post)
Say 125 trades per minute averaging say 5 share buys 125X5 625 shares
625 X 60 = 37,500 shares purchased per hour
37500 X 7Hours 265,500 shares purchased
The math is wrong because nobody really knows but we can call it out and come close.
So somebody purchased around 200,000 + shares today at a SET Price.
At todays rate we will be at $100 a share buy Christmas
MUX Each hour had close to 7,000 trades
Around 50,000 trades for the 1 day session
Most of the trades were 2 and 7 share buys
Lots of 33s and 57s few 100s nothing big
All the major sells were basket together at close 4935 dropping the SP only 1 cent.
At one point I counted 125 trades per minute
WTH
Ive been waiting for the answer to that question many years. Also, why do analysts coverage always have a 3x actual pps forecast? Is this the true intrinsic value and we are all just watching smoke n mirrors like the he deep state wants us too?
Any idea how Rob is going to get us to $15/Sh to make us whole again?
Using casino chips to buy even more chips!
The BIS, the Bullion Banks & the Basel III Price Reset!
Kinesis Money
In this week’s Live from the Vault, Andrew Maguire exposes the race major world banks are in to discreetly exit decades of accrued, loaned-out short bets against gold and silver, as Basel III reforms bring the precious metals market closer to an inflection point.
With the recent JP Morgan spoofing scandal adding empirical weight to Andrew’s insider reports, the London whistleblower drills even deeper into the industrial scale of market manipulation across elitist players.
Timestamps
00:00 Start
01:35 JP Morgan spoofing trial is opening a can of worms!
06:25 UK Parliament questioned about the ‘too big to fail’ banks.
18:30 Basel III and BIS - LFTV viewers' questions answered!
26:40 Gold and silver short game - using casino chips to buy even more chips!
38:15 How is Basel III changing the game? Are higher prices of gold ahead?
McEwen Mining: Q2 2022 Results
https://ih.advfn.com/stock-market/NYSE/mcewen-mining-MUX/stock-news/88814663/mcewen-mining-q2-2022-results
Wall Street makes money catching the crumbs that fall off the table of capitalism
Looks like the NYSE MUX slot players hit the golf course before noon with a .15 cent big money morning
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169642484
$MUX MCEWEN MINING: Q2 2022 Results Webcast
August 9, 2022
TORONTO, Aug. 09, 2022 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) invites you to join our conference call on Thursday, August 11th, 2022, from 11:00 am EDT, where management will discuss our Q2 2022 financial results and project developments and follow with a question-and-answer session. Questions can be asked directly by participants over the phone during the webcast.
The webcast will be archived on McEwen Mining’s website at https://www.mcewenmining.com/media following the call.
https://www.mcewenmining.com/investor-relations/press-releases/press-release-details/2022/MCEWEN-MINING-Q2-2022-Results-Webcast/default.aspx
If it is not grown, it is mined. There is no progress for humanity without mining.
The industry itself is plagued by its image, however those that work in mining know that in the mining industry, the safety and well-being of its workforce and the communities they operate in, is the number one objective before all others.
How can the mining industry demystify and turn around the often negative perception?
In my opinion, foremost through transparent communication.
The company's employees can be influential ambassadors, and we at McEwen Copper and the Los Azules project believe in our employees. For this reason, we give specific training on the communication challenges our industry faces and how each of us plays an important role in educating the public on what we do.
Thanks to Minería y Desarrollo for delivering this training to our colleagues in Calingasta, San Juan, Argentina, one of several going forward
Michael Meding Linked in page
Vice President Copper · General Management & Executive Leadership · Strategy · Corporate Finance · CFO · Turnaround · Mergers & Acquisitions · BD&L · Operational Excellence · Passionate about People & Development.
Nice Factsheet Catch ! wshaw14 Thanks man :)
https://s21.q4cdn.com/390685383/files/doc_presentations/mcewen_factsheet.pdf
Barricks CEO stating today Not enough global supply of copper for ambitious clean energy plans . Ya know he might be right after thinking about this.
Barrick Gold CEO: Not enough global supply of copper for ambitious clean energy plans
Aug. 08, 2022 9:26 AM ETBarrick Gold Corporation (GOLD)FCX, SCCO, RIO, NEM, AU, AEM, GFI By: Brian Stewart, SA News Editor32 Comments
Production of copper wire, cable in reels at factory. Cable factory.
FabrikaCr
In the wake of a Street-beating earnings report, Barrick Gold CEO Mark Bristow said global supplies of copper are currently not enough to keep up with rising long-term demand, especially with an aggressive plan to build out clean energy infrastructure, which require a lot of the industrial metal.
"We don't have enough copper," the head of Barrick Gold NYSE:GOLD told CNBC. "We just don't have the copper to support the vision of being a greener planet into the future."
Bristow acknowledged that the price of copper has come well off highs reached earlier in the year, dropping about 30% from its 52-week peak. However, he argued that commodity markets always price in near-term factors, rather than fully computing long-term trends.
"You've seen the copper price come off because it's always short term and what we as miners have to do is look long term," he said.
To meet rising global demand, the Barrick Gold CEO said "we've got to go and look" for more copper reserves but warned that the process will unfold over a long timeline.
"It takes time to bring copper mines into production," he said.
Bristow's remarks followed the release of better-than-expected quarterly results for GOLD. The company's profit rose from last year, thanks in part to increased copper production, which jumped 25%. Gold production was roughly flat with last year's level.
Copper miners have had a volatile year in 2022, whipsawed by shifting moods in commodity markets. The sector showed significant gains early in the year but has dropped lately amid the decline in copper prices.
Freeport-McMoRan FCX and Southern Copper SCCO have both fallen more than 20% for 2022 as a whole. Rio Tinto (RIO) has held up better than its peers, although it has also dipped 8%.
Meanwhile, GOLD has recorded a year-to-date retreat of 15%. This not only outpaces copper mining rivals FCX and SCCO but has come in ahead of a number of top competitors in the gold sector as well.
With gold stocks showing a similar volatility as those aligned with copper, Newmont NEM is currently showing a 27% year-to-date loss. AngloGold Ashanti AU has fallen 25%, while Agnico Eagle Mines AEM has retreated 16%. Gold Fields GFI is the best performer in this group, dropping 12% so far this year.
For a bullish look at GOLD's prospects, read a deep dive by Seeking Alpha contributor Zoltan Ban, who says the stock could be the "investment opportunity of the year."
https://seekingalpha.com/news/3868796-barrick-gold-ceo-not-enough-global-supply-of-copper-for-ambitious-clean-energy-plans
Steve Earle - Copperhead Road
Go $MUX......
.....Go Green.....
Go McEwen Copper......
J:D
If the powers to be “cannibalise” this reverse split they will do it in a slow methodical manor and then use a world event to crash out .37 stock.
McEwen Copper: Los Azules Progress Report #4
https://ca.news.yahoo.com/mcewen-copper-los-azules-progress-110000831.html
Oops, spoke too soon.
Seems like someone is “supporting” us at this price.
Lol, I guess they should have given us the money for free???
I am pretty sure you could have spent some time and found this info yourself...
BUT
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167082469
Well I hope things get better for you PV
You said Look... OK we're looking
Not to rub it in - but I told you that these guys just keep making
more money at the expense of the shareholder.
I WARNED YOU ALL !!
Look at the interest they charge you all on money loaned to their own company.
GEESH
$MUX Moving Los Azules forward
Michael Meding 3rd+
Vice President Copper · General Management & Executive Leadership · Strategy · Corporate Finance · CFO · Turnaround · Mergers & Acquisitions · BD&L · Operational Excellence · Passionate about People & Development.
5d
Being in winter in the Southern Hemisphere we continue our work in further improving our access roads.
We want to be ready to move drilling equipment ideally in a couple of weeks' time and start drilling beginning of October, weather permitting.
We are on a fast track with our preliminary economic assessment and our IPO H1 2023.
One of our roads, which we call the exploration road, is undergoing upgrades at the moment up to the area where the snow starts. We are currently working up to km 10 from where our road begins, which is more than 10% of the total distance to site.
Let's move Los Azules forward, one of the top 10 worldwide copper deposits
https://www.linkedin.com/company/mcewen-mining-inc-?trk=public_profile_topcard-current-company
I shared my 24 hr. buys and sell with you today
Thats all
Have no idea what you mean, but I truly do appreciate the reply! Have a blessed weekend!!
Enough to live another day
Took half off the table around 3.99
Was a 24 hour trade, not much but enough to live another day
I'm sharing with you Will,
Have a good weekend man
$MUX just hit a 5 year breakout
I've added three times so far,3.62,3.64,3.84
If we get news this could be a serious breakout
It means they moved the paper gold casino slot machine back into the dollar room.
So the high rollers can buy and sell their shares easier.
IMO Due to manipulation, Price discovery was lost on most miners 10 years ago
The companies have nothing to do with their paper gold share prices and no control over their stock at all
Ep 84: Live From The Vault - Here's Why You Shouldn't Invest in ETFs
In this week’s Live from the Vault, Andrew Maguire explores the dubious practices in the ETF market, shedding light on the widespread integrity breaches and rehypothecation of the largely undeliverable, double-counted gold bullion.
The London wholesaler thoroughly explains how misled ETF investors expose themselves to the tremendous counterparty risk while unknowingly empowering the physical gold price suppression.
Timestamps
00:00 Start
01:40 Picking up the last week’s thread. Summing up the short-term action
10:50 COMEX-driven backwardation has led to them exposed by EFPs to delivery outflows
17:50 Questioning the integrity of the ETF gold and silver investment
26:30 Major ETF embarrassment on CNBC camera
37:45 Taking a closer look at the silver ETF (SLV)
39:30 Ukraine selling its physical gold holdings
42:05 Basel III - Banks holding counterparty risk forced to comply with NSFR standards
It keeps us above the minimum PPS threshold for staying listed on the index we are in. If it drops back down on no news we are screwed. It would be the same proportionately as our stock droping down below .37,.30, .28 etc. except we stay listed. To find out our “old” PPS as we go up or down just divide by 10.
Need news and for the precious metal manipulation to end.
Could somebody please explain how the recent split benefits share holders??!!!!!!
Even worse in (va)”Gina” I hear. Many citizen investors are not paying for their apartments they bought as the contractors arent completing the work. Maybe that is why (va)Ginas” is buying so much land in the US so they can escape the unrest about to unfold against them.
Crazy times
Silvers catching a bid on this pre $MUX RS eve.
should help us a little today
Some of the gov. stat numbers Wed. had huge misses
YOY pending home sales cratered to -8.6% VS expected 1.0 %
35% of small businesses did not pay their June rent yet.
51% of small businesses say due to rising surging inflation they might have to close.
It's getting bad out there.
Good luck today all
McEwen Mining: Reverse Split To Be Effective July 28th
https://finance.yahoo.com/news/mcewen-mining-reverse-split-effective-201600418.html
Why is the new SP....RS not fallen into place at this time? Sure sounds to me like Motley Fool wants us to part with our shares....hmmm. I wonder with the new cusip...they found more than a few short shares that need to be accounted for??....hmmmm...
Why is the new SP....RS not fallen into place at this time? Sure sounds to me like Motley Fool wants us to part with our shares....hmmm. I wonder with the new cusip...they found more than a few short shares that need to be accounted for??....hmmmm...
Odd…… stock dropped 90% of it’s value assumed a reverse split was taking place as planned.
Wait…..
Shouldn’t it have gained value per share as less shares are now available?
But.. I see today that I still have the same amount of shares now at a fraction of the value.
Doesn’t add up
Why McEwen Mining Stock Dropped 90% -- or Did It Rise 12% Today?
By Reuben Gregg Brewer - Jul 26, 2022 at 2:16PM
Key Points
McEwen Mining is a small Canadian gold and silver miner.
The company recently got approval for a reverse stock split that took effect today.
Online quote services didn't handle the change particularly well.
Motley Fool Issues Rare “All In” Buy Alert
NYSE: MUX
McEwen Mining Inc.
Market Cap
$2B
Today's Change
(-88.70%) -$2.89
Current Price
$0.37
Price as of July 26, 2022, 4:00 p.m. ET
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
McEwen Mining's stock price made a big price move, but in which direction? And is it even all that important?
What happened
Shares of Canadian precious metals miner McEwen Mining (MUX -88.70%) moved dramatically on Tuesday. The question is: in which direction? According to some quote services, the shares fell around 90% at 1:30 p.m. ET or so. Others peg the price as going up around 12%.
Obviously both of these numbers cannot be correct. Which is why it's important to check the news from the company, which basically tells us that nothing of great importance took place at the gold and silver miner today.
So what
What happened was a 1-for-10 reverse split, which was approved by shareholders on July 12. Investors who owned shares of the company yesterday now own fewer shares, but because it was related to a stock split, they still own the same percentage of the company.
The reason for the wildly different price-change data at various quote services is that stock splits are fairly unusual events that automated price systems don't handle very well. In other words, McEwen broke the internet -- or at least it upset some quote providers on the internet. Eventually, likely by tonight, the services will fix the problem.
NYSE: MUX
McEwen Mining Inc.
Today's Change
(-88.70%) -$2.89
Current Price
$0.37
MUX
Key Data Points
Market Cap
$2B
Day's Range
$0.34 - $0.37
52wk Range
$0.34 - $12.70
Volume
5,553,225
Avg Vol
166,282
P/E (ttm)
The bigger question for investors is really about why the company would do such a thing in the first place. The answer is normally that exchange rules require stocks to maintain certain price levels in order to remain listed. By doing a reverse split, the stock price gets higher, presumably to a level that is above the exchange requirement.
In this case, McEwen did, in fact, receive a notice from the New York Stock Exchange in early January that its stock had fallen below the minimum required price.
Now what
The truth is that investors shouldn't read too much into today's price moves at McEwen Mining. The 1-for-10 reverse split has caused some data processing problems that will get worked out shortly. And the split didn't result in any notable change at the company, other than it now has fewer shares. This is, to some degree, a nonevent.
The only issue worth watching is whether or not the company's effort to remain listed works, since sometimes reverse splits end up being bandages that don't provide a permanent solution. If you own McEwen, you might want to do a little research to make sure you still want to own it. If it eventually gets delisted, selling the shares could become much more difficult.
https://www.fool.com/investing/2022/07/26/why-mcewen-mining-dropped-90-or-did-it-rise-12-tod/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
What???? Forget gold, we need copper now instead? Where is profitability at $1700-$1800 oz/ gold?
Gold two days till the FOMC
Interesting video
Unless they have an offering cued up. Keeping an eye out for s-1's or is there already something in place?
Miners need to invest over $100 billion to meet copper demand
Cecilia Jamasmie | March 31, 2022 | 4:44 am Intelligence Markets News Suppliers & Equipment Top Companies Africa Asia Australia Canada Latin America Copper
Miners need to invest over $100bn to meet copper demand
The world needs eight projects the size Escondida in Chile, the world’s largest copper mine, in the next eight years. (Image of Escondida courtesy of BHP.)
The global copper industry needs to spend more than $100 billion to build mines able to close what could be an annual supply deficit of 4.7 million tonnes by 2030, Erik Heimlich, head of base metals supply at CRU said this week.
Article continues....
https://www.mining.com/miners-need-to-invest-over-100bn-to-meet-copper-demand/
Go McEwen Copper......
......Go Green.............
Go $MUX........
J:D
Great comment by Rob but unfortunately most of us do not have his money at our disposal. I wonder if he is still dabbling in that stem cell research company up Canada. I really dont want to know as I really dont need an excuse to drop this quacking stock. AVXL blue sky tornado soon will help me hold on to this dog a bit longer.
(((Persevere))) Push through beyond the obstacles
Most of them are imaginary !
Rob McEwen June 14th 2022
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