>>>USGL/McEwen --
You have followed him much longer than I have. Is he backing out to game the price or has he become less sure of au outlook? Any thoughts much appreciated.<<<
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Unfortunately, there's no way of knowing for sure and I dont necessarily think it's anything more than what was in the article.
I've felt since his GG days that McEwen is an 'old school' type straight shooter who had the final say w/r to his companies PR's and I see no reason to think he's two-facing it now.
"U.S. Gold, founded by former Goldcorp Inc (G.TO: Quote, Profile, Research) chief executive Rob McEwen, said that it had to terminate the White Knight offer because it had not received auditors' consents and certain financial statements required by the U.S. Securities and Exchange Commission.
The company also said it needs to receive formal financial valuations from Nevada Pacific and Coral Gold before it can commence its offers for these companies.
"Despite what it believes have been its best efforts, U.S. Gold has to date been unable to obtain this necessary information," the company said in its statement."
"U.S. Gold may reevaluate its intention to acquire any or all of these companies if it is not able to obtain on a timely basis the required auditors' consents and in the case of Nevada Pacific and Coral Gold, formal valuations," the company said.
Dan 
AI
