I believe everyone here would agree that the McEwen sale was both unexpected and awfully quick. Many here concluded that he simply decided to employ his money elsewhere, where he was the decision maker. Imho, that explanation was always soft. Unless the opportunity to make an acquisition had suddenly developed for him, his existing operations were not in immediate or desperate need for additional capital. And even if they did have such needs, those needs did not aggregate to $200 million. So the question remains outstanding, why did he sell all of his shares so suddenly? It is now at least a month since the decision to sell was made and McEwen has not taken any action that supports the claim that he had a better use for his money. Granted, that is not a great deal of time, but time has a way of passing. Imho, with each passing day of no action on his part, the issue of why he sold everything becomes increasingly pertinent here. regards endo
It is going to take some time to learn that. I have never doubted his reasoning, however I have always thought there is more to it than meets the eye. Time will tell. Lets not forget that he also had the shares held by Lexam disposed of in recent months too.
Hello Endo - As one of Canada's richest citizens, Robert McEwen operates on a different level than the retail investor. In general, every need and want of this man was satisfied long ago. The opportunities available to Mr. McEwen are vast. His primary concerns are TIME and HEALTH. I am not alarmed Robert McEwen sold his shares of Rubicon. I wish Mr. McEwen great success in other ventures.
With the departure of Robert McEwen, ALL options are available to Rubicon - Buyout, Production, Joint Venture and Future Exploration. I like the idea that ALL options are availble to our company.
A friend from college married the son of Jerry Jones, owner of the Dallas Cowboys. As a billionaire, I can assure you Mr. Jones is operating at a level well beyond normal citizens. It is wise to learn from great businessmen. It is also wise to consider opportunities in front of our nose. I have chosen to watch the Rubicon story unfold. Next step - reaching the core of F2. Good fortune to Rubicon's investors - GoldMetalMania
endo As stated in one of my previous posts, I happen to have a property close to one of McEwen's homes. Up until the time he sold his interest he maintained the position that Rubicon was an excellent company and recommended that others invest in it. make what you like of that. pio