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McEwen Mining Inc. Message Board

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  • whitesands_8 whitesands_8 May 11, 2012 10:11 AM Flag

    How much does Argentina have to do with MUX weakness

    Been watching MUX for a while as well...Rob McEwen (CEO)is probably one of the best out there and will put lots of effort into making the company work aince he doesn't get a salary and owns a substantial amount of shares...A CEO like that is your friend..However, like you said Argentina is an issue and that bothers me as well..If Argentina nationalized MUX could recover from it but it because they have other projects would take a while..

    The other thing that bothers me is that MUX doesn't have very high grade gold ore and they have more shares outstanding than I would like from a junior..Their current outstanding shares are not reflected in the market cap on yahoo likely because of the merger, but they ahve over 267 million shares outstanding...So at $4 it a billion dollar market cap....Was close to buying MUX but I think I'll pass for now.

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