McEwen Mining Inc (MUX)

[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.