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8k posted
Set up for the 4:15 Live Streaming Event.....
INTERESTING-THAT HHSE-CEO WOULD-MENTION PARAMOUNT+ ....HHHHHMMMM
Volume looking very strong this am!
I am the president, VP, and Treasurer of a company and must have shareholder meetings annually. My attorney is on the phone...it's not hard to use the phone and be the only officer of a company present!
I wish they would pump it again, lol!
It's been a laggard, it needs to catch up! H
yep, will look to move into $16 calls...
Closed out my $14 calls today...good money....more to come???
William Hill and Caesars expected to deepen their U.S. relationship
https://seekingalpha.com/news/3610472-william-hill-and-caesars-expected-to-deepen-u-s-relationship?utm_medium=email&utm_source=seeking_alpha&mail_subject=wimhy-william-hill-and-caesars-expected-to-deepen-their-u-s-relationship&utm_campaign=rta-stock-news&utm_content=link-3
McEwen Mining (NYSE:MUX) announces financing of $9.9M bought deal private placement offering of 6M flow-through shares at $1.65/per flow-through share led by Cantor Fitzgerald Canada as sole bookrunner, and includes Roth Capital Partners, Red Cloud Securities and Maison Placements Canada.
The price represents a premium of 21% over last closing price of $1.36.
The Offering is expected to close by Sept 10.
Proceeds will be used for generative exploration activities on McEwen’s properties in the Timmins region.
would like to see a lot of interest, lol..it's been a laggard, but honestly, most of my mining companies are bumping, another laggard I own, ardea resources was also slow and has doubled in just days, so hopefully Kenadyr will start moving......
sold my FSM 6 calls yesterday for a 79% gain in 42 days, moved the FSM 7s this morning for a 129% gain (43 days)...how loud do you want me to cheer, lol!!!!! woot woot
agreed, my big winner so far is THM...made bank on that one!
Silver hitting a four year high!
I've been buying really cheap also...I have a 50k share bid in, but been sitting on it for a couple weeks....no takers yet...
yes, never a bad thing....well unless it's going down, lol!
Livengood is panning out to be quite a resource...not a lot of 23 year mine life resources left on this planet...at least "known".....
Someone liked what they heard at the board meeting yesterday????
are you suggesting gambling stocks wont make it or this particular stock wont make it?
Posted on TD Ameritrade this morning....
McEwen Mining, Inc. (NYSE:MUX) shares moved upwards by 5.62% to $0.94. The most recent rating by B. Riley FBR, on Apr 14, is at Buy, with a price target of $4.
It will definitely see 100 by mid 2021 at the latest, imo
seriously...it has carried my portfolio, but the options...off the chain!!!!
agree 100% bigworld, I moved all of my 401 into stable low yield investments about 18 months ago, not for the virus of course, but just due to the Trump bubble, the markets had risen too far too fast....nothing goes up forever...I still think there is another pull back that will be more severe than the first, when it finally sinks in that every government in the world is printing money like never before...it amazes me that investors are pouring money into the stock market....I will not move my 401 investments back into the market until after this next pullback.....
now my investment account is 100% in mining stocks and options.
NEM, GOLD, AU, AG, MUX, THM, AAARF, WFM, KGC, SAND...while the investments have been good, the options have been off the chain.
I currently hold about 240 contracts on gold options and with the daily swings, can often make money in a day.....this is definitely a traders market and I anticipate Gold to enjoy this run for a minimum of 18 months, maybe up to 3 years....
Some mining companies will open up exploration and drilling, some will be purchased for their gold in the ground by larger companies looking to extend mine life holdings, some will spend capital to expand operations.....2-3,000 gold per ounce opens up a world of opportunities not seen for many years.....very long, getting strong...er!
and it will!!!!! imo
McEwen moves up as some mines resume operations
https://seekingalpha.com/news/3560572-mcewen-moves-up-mines-resume-operations
McEwen Mining (MUX +8.5%) reports Q1 production and says the Black Fox Mine in Ontario has reopened after a two-week shutdown due to the coronavirus.
Q1 output totaled 35K gold equiv. oz., consisting of 29.1K gold oz. and 553.1K silver oz.
Mining at Black Fox was suspended on March 26, and the company says it has since implemented rigorous policies and procedures to minimize potential risks to health.
McEwen says the government is allowing mining to resume at the San Jose mine in Argentina, while operations at the Gold Bar mine in Nevada and the El Gallo project in Mexico remain temporarily suspended.
5 More Gold And Silver Mining Stocks For 2020
https://seekingalpha.com/article/4337241-5-gold-and-silver-mining-stocks-for-2020
bigw0rld, I agree, fortunately I had cash on the sideline and I have been buying miners for 2 weeks, when they drops, I buy more....I too believe this is short lived. looking forward to reaping the benefits. I bought more MUX at 1.12, 1.03, and .87. Also added to THM. Have a great weekend!
Doesn't speak to all the issues, but helps explain the issues raised over the last few trading days.....
Even Gold Takes a Beating as Broad Market Rout Intensifies; Metal falls sharply as some investors are being forced to raise cash to make up for losses from stocks
Today 5:36 PM ET Editor's PicksPrint
DJ Logo
patrick hertzog/AFP/Getty Images
By Amrith Ramkumar
Gold prices fell sharply Thursday, a worrisome development for some analysts who are concerned that investors are being forced to sell many assets to raise cash.
Front-month gold futures fell 3.2% to $1,589.30 a troy ounce on the Comex division of the New York Mercantile Exchange , erasing a chunk of their gains this year and bringing their drop for the week to more than 5%.
The safe-haven metal is still up more than 20% over the past 12 months, and recently hit a seven-year peak.
But those gains have reversed recently with investors selling a range of assets to raise cash as the coronavirus threatens to tip the world economy into a recession. Stocks have tumbled into a bear market, long-term U.S. Treasury yields have slid to record lows , and volatility has gripped currencies around the world.
Traders cited a number of reasons for Thursday's slide in bullion. Investors are being forced to raise cash to make up for losses from stocks, including margin calls for those who had used stocks as collateral to buy other securities. With the value of those positions shrinking substantially, banks can demand repayment, triggering forced sales of unrelated assets.
Additionally, some investors have been seeking long-term buying opportunities for stocks and other riskier assets and could be raising cash to fund those purchases, analysts said.
The trading activity in gold adds to other signs of market stress worrying investors. Gold also tumbled on Feb. 28 in a similar selloff. On Wednesday, even Treasurys—which have soared as the main haven for investors—fell. The drop in Treasurys sent yields suddenly higher. Yields rise as bond prices fall.
"The well established market rules are out the window right now," said Tai Wong, head of base and precious-metals derivatives trading at Bank of Montreal . "It's really like the Wild West."
The pain extended to shares of gold mining companies, which fell sharply alongside the broader market Thursday. Newmont Corp . slid 3.4%, extending its drop for the week to 15%, while the VanEck Vectors Gold Miners ETF declined 11%.
Another factor driving the decline in gold Thursday was a surging dollar. A stronger U.S. currency makes commodities denominated in dollars more expensive for overseas buyers. The WSJ Dollar Index, which tracks the dollar against a basket of 16 other currencies, advanced 1.2% Thursday, also extending a recent stretch of outsize swings. The day's gain capped off the dollar's best three-day stretch since November 2011.
Some analysts still expect lower interest rates around the world to support gold since lower yields make the metal more attractive to yield-seeking investors. But more forced selling like Thursday's could also dim gold's allure as investors seek stability.
"People don't really understand what's going on," Mr. Wong said.
Petroleum Unlimited, Petroleum Unlimited II, Kimmel, Nyce, and Petitti have agreed to settle the SEC's charges without admitting or denying the allegations.
I like both and own NEM. I think gold is attractive in any portfolio, but like all stocks/commodities, it has its pluses and minuses.
the price of gold went from $1,700 plus an ounce to $1,100 an ounce....drastically affecting all miners...when it costs as much or more to get it out of the ground as you can sell it for.....slows production....
I always think of this way...if I had 10,000 worth of gold in my backyard today, would I spend 15,000 to dig it up, or wait for it to be worth 20,000 and dig it up and make 5k.
but I think in simple terms...I hope it helps!
Welcome Pepsiman!
Happy Thanksgiving to all....great day, great week.....NSX has the call...chart tells it all!!!!!!!
AUDIT IS NOT A PROBLEM...ALL QUESTIONS HAVE BEEN ANSWERED!!!!!! IT'S TIME!!!!!!
VERY CLEAR HERE!!!!!!
I THINK THEY HAVE A CLUE AND ARE SCARED $HITLE$$!!!!!!!
EXCELLENT NEWS!!!!! JUST KEEPS MOVING FORWARD!!!!
I am Ready NSX.......let's do this!!!!!
McEwen Mining prices public offering at $1.325/unit
https://seekingalpha.com/news/3520834-mcewen-mining-prices-public-offering-1_325-unit?app=1#email_link
Thanks Greenman....great recap!