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basserdan

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basserdan

Re: choad post# 465326

Friday, 03/31/2006 3:42:22 PM

Friday, March 31, 2006 3:42:22 PM

Post# of 704019
*** Gold related post (MNEAF.OB/MAI.V) ***

Check this out, Brad....
It seems that Robert McEwen, the Midas-like CEO of USGL who has been buying up a handful of Cortez Trend (NV) juniors has also been buying millions of shares of MNEAF on the QT as well.

According to the recently filed SEC form linked below, he now owns over 44 million shares (32.4%) of MNEAF stock.

On March 23, 2006, McEwen purchased 1,200,000 shares of Common Stock through the open market for CAD$1,320,000 (approximately US$1,132,173 based on an exchange rate of 0.8577, the Bank of Canada noon exchange rate as of March 23, 2006), paid in cash from McEwen’s personal funds.

McEwen is the beneficial owner of 44,057,143 shares of Common Stock (which includes 7,707,370 shares of Common Stock issuable upon exercise of the First Tranche warrants and 6,578,344 shares of Common Stock issuable upon exercise of the Second Tranche warrants, as described in Item 4 above), which represents approximately 32.4% of the Common Stock (based on the number of shares outstanding as of December 20, 2005, as represented by Minera Andes in connection with the First Tranche Subscription Agreement).

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=4064083

Hmmmmm! Can you say, "takeover coming?"

Fwiw, I sure do like that man's style! <vbg>


Dan

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