McEwen is the Bernie Madoff of the mining industry. The only difference is he's not in prison...yet. Every penny made from the RubiCON scam was ill-gotten gains and should be seized and returned to the RBY shareholders that he screwed. All of his assets should be liquidated and then he should spend the next 20 years in prison. The Feds should make an example of this high profile CR00K. All they need to do is go after everyone else and then grant them immunity if they give up info to nail McEwen. Then let him try to buy his way out of that pickle.
Here ya go, folks. The biggest mining scam ever....all orchestrated by your "stellar reputation" CEO, Rob McEwen. They fail to mention that he cashed out at $4/share in 2012, I believe. I'm still waiting for someone to tell me that ROBbie had no idea there was virtually no gold. I'd also like to know why he was never arrested? Anyone care to fill me in? It's been a very, very long time. I'm sure I'm not the only RBY investor that won't let it go. If there's any RBY bagholders reading this I think we should drop in on a MUX shareholder meeting and ask ROBbie some questions face to face. Who's game?
Copied from Wikipedia - Rubicon Minerals
"In February 2006 Rob McEwen, the former chairman and CEO of Goldcorp, said he was investing C$10 million in Rubicon, and was also selling 200,000 hectares (490,000 acres) of land near the Pogo gold mine in Alaska to Rubicon in exchange for additional shares. McEwen was to become a strategic advisor to the company. Shares rose by almost 40% when the news was released. In May 2007 McEwen announced that he owned or controlled about 32.8% of Rubicon's current outstanding common shares. In December 2009, Rubicon Minerals was added to the Toronto Stock Exchange's benchmark S&P/TSX Composite Index. At this time, in addition to the Red Lake property the company owned more than 590 square miles (1,500 km2) around the Pogo Mine in Alaska, and 350 square miles (910 km2) in northeast Nevada. McEwen's share was now 21.5%.
In November 2010 Rubicon Minerals shares shot up after the company announced that part of their Phoenix project in the Red Lake area had an estimated inferred resource of 4 million ounces of gold. Drilling results indicated a grade of 20.1 grams (0.71 oz) gold per ton of ore. In July 2011 Agnico-Eagle Mines made a CDN$70 million investment through non-brokered private placement of common shares. Rubicon continued to develop the Phoenix gold project, and in October 2011 announced that it now had a grid power connection from Hydro One, replacing the former diesel generators.
Rubicon reduced its gold reserves by 88% on January 11, 2016. "
Does McEwen need to be investigated? His financials do not jive???Every quarter posts a positive PE, and it never meets his numbers...Not even close!!! He also needs to be audited. I bet they find problem with that also. There is obviously a reason why his numbers never hit. It's probably why GOLD CORP showed him the door. He has had a long time to make $$$. He cannot blame it on PM prices!!!
I like this company, they have a lot of good assets, cashed up, and no debt. McEwen knows how to build a quality mining company.
The biggest cause is the Comex and the damn paper gold market and derivities!
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks Sep-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is 0.4 In other words, the correlation coefficient of the other stocks
MUX has always dropped faster than other Miners, which is strange since McEwen supposable owns more than 25%. Miners also do not buy there stock back like other companies do!!!
Derivatives market will destroy this market. PM and VIX products are being manipulated big time. This keeps the market going north, yet PM's and VIX products are gravely affected
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Don't overreact to the current numbers. McEwen predicted this as one of their mines is nearing its end. Focus instead on the new mine coming on board, the new land aquired in the Timmons area, and the buying opportunity we are seeing in the stock at the moment. You will get several times your money at these prices if you can buy and hang one for a few years. Or panic and let me buy your shares instead.
Their results are diminishing. Not good. Nevada mine best be get going and able to produce soon.
This GDXJ fiasco and gold diving is wreaking havoc here.
Gold Nearly Scores $1,300; McEwen Mining Gold Bar Progress!
Gold is on the road again! Eureka, Nevada Weekly Summary updated for 4/21/17 AM (something new!) ...
If anyone knows what is going on with miners tanking with metals going higher please tell me.
You would think that MUX and other healthy miners would be "BUYING" since they now have decent PE's and Gold and Silver Reserves, yet they do not move with market???
$2's this week.
Precious Metals (GDX) and Volatility Index (VIX) is so manipulated to keep stocks going higher even with numerous Geo-Political and over priced Stock Market issues.. Until this scam is addressed, I do not see any smooth sailing in either!!!
gold up 1290 and MUX keeps tanking?? this makes no sense.
We will be making a move higher. PDQ!
I wonder if a bunch of people keep shorting this. Weird behaviour.