McEwen Mining Inc (MUX)

[JD400]

Post Reverse Split Hot Finger Remedy

On July 27th $MUX traders may have to cool down their trading fingers after reading about all the upcoming news the two MUX companies offer.

Thats right theirs two companies here...and everybody knows their will be great news of course

No worries the wolf has us covered

GLTA

[JD400]

THX gandalf48ct Seems to be the retail consensus however the 120+ $MUX institutionals look at the RS as opportunity.

It even attracts more of them !

IMO Retail will play a very little part even if they all sell there positions they would barely move the SP

As far as the large retail traders that can move the SP most of them fall under ' the prudent investor rule' meaning thier managed as to work with the institutionals..

[Tweety]

Does anyone know anything about Rob McEwen investing millions in GROY, Gold Royalty Corp? He is not on the board & he is not a director.
Any comments or opinions would be appreciated.

[gandalf48ct]

JD...good luck with that scenario.... For many of us here a$10/SP...MIGHT break us even. Unless Rob comes out with some HUGE news, this is going below $3...just because that's what happens in a RS WITHOUT good news! Rob hasn't produced the numbers to support $5,7,10. It's simply not there! Is it to finance the spin off of the copper mine? Dunno, but it would be my guess. Are we then looking at a dilutive situation as well??? Total sh$t show! My best case is that it breaks into the 2.50 range (or lower)...and would consider buying into it then..

[JD400]

My best scenario is that $MUX opens around 3.50 in pre market and opens over 5.00 at the bell

Runs to 7.00 around noon

Dips down to 5.00 again and closes at 7.00 eod

Opens the next morning at 9 or 10 and stays a ten dollar stock.

and never looks back again.

Financed by Milly and Billy

and remember you heard it here first

GLTA

[geocam]

Not so much a hint as it is a declaration of a 1-for-10 reverse split.

McEwen Mining Announces AGM Voting Results and Reverse Split
https://ih.advfn.com/stock-market/NYSE/mcewen-mining-MUX/stock-news/88576869/mcewen-mining-announces-agm-voting-results-and-rev
McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) ("MUX" or the "Company”) announces that it is proceeding with a 1-for-10 reverse split of the common shares of the Company ("the Reverse Split") with an effective date on or about July 26th, 2022. Notice has been provided to the New York Stock Exchange ("NYSE"), and MUX's common shares are expected to begin trading on the NYSE and the Toronto Stock Exchange ("TSX"), on a consolidated basis, on or about July 26th, 2022.

Will it drift into the 20 cent range and then be under a buck in 6-8 months when they do another offering?

[ironwill23]

Same here my friend! Been holding for over 10yrs and played it so stupidly so many years ago when it ran to around $4!! Bought at $2.06 and should have bailed but fell hook line and sinker with all the hype about that it was going over $5 for sure! Never was good at playing the stock ‘game’!! LOL

[JD400]

Copper price forecast: Is the metal a buy on macro uncertainty?

Good copper read and video

In this article, we look at the drivers for the recent market volatility and copper price predictions from a few analysts.

https://capital.com/copper-price-forecast

[gandalf61]

Unfortunately been holding since over $1 and averaging down when I can and not too pleased with the news. I wouldn't touch this again until it's been slaughtered by the "powers that be". They are certain to drag this down below $3 or so before any rebound. The only prayer of that NOT happening is the metals turning around in general and Rob generating some decent results and pumping. This is a total sh!t show.

[Tweety]

In a reverse split of 10 to 1, it means that you exchange 10 of your shares for 1 of the new shares. If you buy 10 shares Monday at 0.35 cents = total cost of 3.50
After the reverse split you will own 1 share at a new price of 3.50
Assuming the share price remains the same after the reverse split, you still have the same amount of money.

Now, if you only buy 1 share a 0.35 cents on Monday your total cost is 0.35 cents.
If you hold that 1 share until after the 10 to 1 reverse split you would own 0.035 of one share. Yes, that is a fraction of 1 share which is approximately one third of a share. to determine your monetary value multiply your new share (0.035) by 3.50
and your total value comes to 0.1225, yes that is twelve and one quarter cents.
Does this make sense to you?

Invest in MUX according to your level of comfort. I hope this was helpful.

[JD400]

Great then buy 1 share at .35cents and after the 1 for 10 RS

If you think that 1 share will be 3.50 load the boat

[Tweety]

Thank You for your reply. Now I understand the reasoning.
I will continue to watch MUX, and jump back in when I feel more comfortable.

[gofourit]

MUX needed to get PPS above $1.00/Share for nyse regulation or be de-listed. They were starting to bump up against the time restraint and this was probably the quickest and less painful way to go about it. I have peronally had two different companies reverse split and while both initially did go lower initially one did come back and exceed presplit price and cotinued to rise. McEwen has stated that his goal is to have the PEA study done in first Q 2023 and this will allow 3 more Qtrs to see if he is meeting projections (I included 1st Q 2023). So his performance will be catamount as to what the price will be in April.

[Tweety]

Yes, you are correct.
I sold all my MUX early in April this year. Took a short term loss.
Was going to jump back in today, checked the news first and heard about the 1 for 10 reverse split. No way will I get back in now.
When it starts retreading around 3.50 where will it go?? South in my opinion.

Can someone enlighten me, why not leave the PPS where it is?
I think more people would be buying at this cheap price (.35).
100,000 shares would only cost $3,500. To me that's a bargain.
When gold increases to greater than 2,000 per oz. it would rise ti 1.00 or more again.
Any enlightenment would be appreciated.
Thanks for listening to me.

[gofourit]

May want to rethink your math on share price. This is a reverse split so present .35 will become $3.50 at 10 to 1 split.

[JD400]

If I don't reprogram my NYSE Bot it thinks that .35 is a deal and keeps buying.

It doesn't know that .35 has been split 10 ways and is really 3.5 cents

https://www.investopedia.com/articles/trading/11/automated-trading-systems.asp

[JD400]

I'll always believe the NYSE was an mistake until I'm proven otherwise.

They could have at least chosen the NYSE American instead.

So they got eaten alive and what do they do....Run back to it again.

Millionaires will be millionaires I guess but retail guys like us are getting totally shafted holding long.

I'm personally too old for this RS BS and feel the company is out of touch with retail completely now.

This latest RS move changes everything for us.

The candy store opens on July 27th... ish

$MUX Look around...... you haven't seen the last of us

Reverse Split info
https://ih.advfn.com/stock-market/NYSE/mcewen-mining-MUX/stock-news/88576869/mcewen-mining-announces-agm-voting-results-and-rev

[tredenwater2]

1 for 10, ouch! I know Rob is being hit too but if this goes back down, which commonly happens…..Rothchild will be able to scoop up the company for less than book value. More than one way to negotiate a partnership.

Rob has slipped pretty bad. He needs to get his quoft hair under control, his mouth shut, and just produce some results and fast!

[JD400]

1-for-10 reverse split of the common shares of the Company ("the Reverse Split") with an effective date on or about July 26th,

do they want my soul too

[JD400]

If this reverse splits That will be it

Does anyone really believe after losing millions that whats left of the base shareholders will come back !

I seriously doubt it....Plus the NYSE is why were in this predicament in the first place IMO

They will drive it down to zero...try to split that !

You can see someone is holding the sp at 40

Has anyone tried to calculate the true value of that pre RS .40 cent share

Thanks

[JD400]

2022 Annual Meeting of Shareholders

July 7, 2022 11:00 AM EST

The annual meeting of McEwen Mining shareholders will be held at

https://apps.computershare.com/MeetingsShareholderWeb/Home?Code=MJXJLV6&Invitation=&Locale=en


https://www.mcewenmining.com/media/events/event-details/2022/2022-Annual-Meeting-of-Shareholders/default.aspx

[PURA VIDA]

It's been a LONG time since I have posted here. But, I just wanted to tell you....
that..... I told you so. Dilution on the shareholder just never stops. These guys
have been fleecing shareholder's since I first saw this POS company.

End of Message

[tredenwater2]

No way, Ive averaged down from a dollar, Im done. Ol Rob is in a pickle here. The market says show me and all MUX does is slip and need more time yoy. Desperation may set in if MUX gets delisted.

Big money driving it down, imo.

[ironwill23]

Anybody here currently averaging down? How much lower can this go??

[JD400]

Back on Track in Argentina Gold, Silver Mining with a Copper Twist ???????????????????? - Rob McEwen

$MUX

https://www.youtube.com/watch?v=qomIYY9kiy4

[tredenwater2]

I will set my Mux stock alert when a nuclear bomb goes off, nothing is going to move this stock short of that as the gold and silver markets markets are rigged. Paper over the paper faster and faster it goes. Imagine Willy Wonka sing along.

The only difference is this administration cant stop rowing!

[ironwill23]

So close today to setting a new 52wk low! How exciting to hang on to this for over 10yrs now!!!

[JD400]

Thanks Tred Good Gold,COT,Fed, read on Mish tonight

Gold Shorts Pile On, Let's Investigate the Timing

Let's discuss action in gold, commitment of trader reports, and faith in the Fed.

https://mishtalk.com/economics/gold-shorts-pile-on-lets-investigate-the-timing

[tredenwater2]

Great webcast, thanks as usual JD. Seems like the Fed is in a tight spot. If the powers to be keep holding precious metals down, Chi a and Russia will keep accumulating cheap. If gold goes up, investors will flee the dollar. Recession, interest rate hikes, high velocity on dollars in debt buying, money sitting in Cities and states from the stimulus……pretty bad times where most of the “tools” the fed usually has wont work, at least not like it has traditionally in the past.

Picked up a few more today in the old retirement account. At .50 its a steal. What a wicked web they have woven!

[JD400]

Fed to get even more hawkish, but it won't be enough; Gold to hit $5K - Rob McEwen

Kitco NEWS
470K subscribers
Rob McEwen, Chairman and Chief Owner of McEwen Mining Corp, discusses the Fed's expected rate hike, inflation, gold price predictions, and copper mining. He spoke with Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News.

0:00 - Fed rate hikes
5:11 - Gold's to 5K?
7:33 - The US Dollar
11:02 - Copper
14:58 - McEwen Mining's copper assets
17:06 - Best piece of advice

[tredenwater2]

Seems as though, in general, “desired” stocks dropped only approx %3- %7 where as most others dropped %10+

Feeling pretty good in a down market blood bath!

[wshaw14]

I am still hanging around, just not much to talk about on this board lately. I still have my shares and plan on hanging on to them.

[JD400]

Podcasts: MUX More time needed for McEwen Mining to come good

https://www.kitco.com/news/2022-06-03/More-time-needed-for-McEwen-Mining-to-come-good.html

[geocam]

$MUX might start buying some for a short hold, but I am a little leery of this one.

[JD400]

Very subtle if any....

I guess the bottom line is, If they fail to hold the SP over a dollar

and the NYSE calls them out, then they may start to think about consolidation says Rob when asked the question during a CC.

IMO the subject is out of the question at this point and we will probably remain on the NYSE for the rest of this year.

So theirs plenty of hope in paradise

[geocam]

$MUX Has there been any hints of splits or offerings?

[JD400]

MCEWEN MINING INC. - 10-K/A - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

https://www.marketscreener.com/quote/stock/MCEWEN-MINING-INC-12543907/news/MCEWEN-MINING-INC-10-K-A-MANAGEMENT-S-DISCUSSION-AND-ANALYSIS-OF-FINANCIAL-CONDITION-AND-RESULT-40568475/

[actor]

The great Bill Holter also on Arcadia Economics, today, Saturday. describing TRX Goldcorp details.

[JD400]

Bill Holter, joins Andrew Maguire to share his eye-opening examination of the West’s insurmountable debt.

This is pretty good


Ep 75: Live From The Vault - Why The Western Economy Can’t Survive. Feat. Bill Holter

Money
24.4K subscribers
In this week’s Live from the Vault, iconic financial commentator and life-long stockbroker, Bill Holter, joins Andrew Maguire to share his eye-opening examination of the West’s insurmountable debt.

As the Fed’s money-printing tactics start to closely resemble a Ponzi scheme, the precious metals expert explains, with mathematical certainty, why the current system is destined for bankruptcy.

Who do you want to see join Andy and Shane as a guest on LFTV?
https://twitter.com/KinesisMonetary/s...

Jim Sinclair's Mineset: https://www.jsmineset.com

Timestamps
00:00 Start
01:30 Bill Holter - the introduction
02:45 Jim Sinclair’s “QE to infinity and beyond” going since 2008
06:05 80% of all the dollars have been printed in the last 2 years!
09:05 About Central Bank Digital Currency (CNBC)
10:50 Bailing is already in place! How to get out of the system!
16:15 Silver as the fuse to break the financial system!
20:00 Silver short positions, nickel blowing up and the Rubicon line
24:35 What would Bill do if he came from Mars?
28:20 Could silver and gold be confiscated?
32:00 Silver’s Backwardation described
35:40 About Exchange of Futures for Physical (EFP)
38:30 Final parting message From Bill Holter

[tredenwater2]

Thanks JD, please keep calling for low 40’s! Lol

[JD400]

Today was precious metals option expiration on the Comex.

and the bank bitches proved it with their pricing shenanigans as usual.

I see they rolled over the GDXJ back to the 39s
https://finviz.com/quote.ashx?t=GDXJ

I still see MUX going down in the 40s

For me I've waited for a deep market correction since 2015

If it turns out to be significant correction it may last the rest of the year

Like all the other corrections watch for market bounces along the way

I might play some of those




https://jessescrossroadscafe.blogspot.com/

[JD400]

Don't stop now, Lets see some .40s ~

[JD400]

Andrews using the casino word again. . . . .

We know how rigged the gold and silver markets are but to see it through a large metal trader eyes it's a whole new animal.

I'm ready for the loony bin...

Ep 74: Live From The Vault - Gold and silver shorts stare into the abyss

note:18m.mark

Kinesis Money

In this week’s Live from the Vault, Andrew Maguire reveals a glaring LBMA price fix is wreaking havoc on the gold market, after a tidal wave of global physical demand.

The precious metals speaks on Russia's action to strengthen the Ruble with physical backing and whether increasing demand will be the hair-trigger for a global gold price reset.

[JD400]

One of the funniest Comments I've ever read

TheGoldDaily May. 20 at 8:52 PM

$MUX I love Rob, but he really needs to get his act together. All his late nights snorting coke with prostitutes has to come to an end. It can only go on so long before everything falls apart.

Died Laughing

Here's a copy of tonight's MMGYS mining news reel which isn't much better Hahah

Have a Great Weekend everybody

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168930446

[JD400]

Silver is Crashing and Gold is About To

Sunday night charts with Steven

Hey sometimes the guys right..... hehe

.
.

[tredenwater2]

Yes thank you! I agree, it appears that with some of the issues they have had they are “stock piling” ore ready for the crusher. Perhaps waiting until the lid really blows off this printing friendly administration.

[JD400]

McEwen Mining (MUX) CEO Rob McEwen on Q1 2022 Results - Earnings Call Transcript

May 13, 2022 6:02 PM ETMcEwen Mining Inc. (MUX)

Q1: 2022-05-10 Earnings Summary

(try this link)

https://seekingalpha.com/article/4511460-mcewen-mining-mux-ceo-rob-mcewen-on-q1-2022-results-earnings-call-transcript

Thanks tred, I was an hour late and couldn't find it on there web site because the event had ended.

Then I found it on that link,

It was a good conference call overall answering many investors questions.

$MUX doing pretty good and has a grand future.

[tredenwater2]

Link didnt work, tried the website but did t see anything there either.

[JD400]

Catch today's conference call

https://event.on24.com/eventRegistration/console/EventConsoleApollo.jsp?&eventid=3731513&sessionid=1&username=&partnerref=&format=fhvideo1&mobile=&flashsupportedmobiledevice=&helpcenter=&key=8B1AF5DA6C7E1C2409D5EB4DDF445357&newConsole=true&nxChe=true&newTabCon=true&consoleEarEventConsole=false&text_language_id=en&playerwidth=748&playerheight=526&eventuserid=534576353&contenttype=A&mediametricsessionid=461066597&mediametricid=5250009&usercd=534576353&mode=launch

$MUX

[tredenwater2]

Very nice! Lol JD your one slick funny guy!