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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
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
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..
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.
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..
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
Not so much a hint as it is a declaration of a 1-for-10 reverse split.
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
Copper price forecast: Is the metal a buy on macro uncertainty?
Good copper read and video
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.
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.
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
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.
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.
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.
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.
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
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
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!
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
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
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
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
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