MUX clearly bent over backwards, to get Lexam & Black Fox - and bent the shareholders over backwards. What does that tell you, about what MUX knows about the possibilities for expansion on the 100%-owned lands around San Jose, at El Gallo, and around Gold Bar? Either those properties suck, or MUX has a compulsion to always go looking somewhere else.
Major dilution with new financing deal. Management is slipping and their credibility is at risk.
Rob McEwen doesn't do debt, but pays up front with shares and dilution etc, and takes no salary. Much smarter then an AUY with 1.5 bln debt, executives with million dollar salaries, and at the mercy of interest rates. The only way Rob McEwen gets
....I meant bro add, the only way Rob McEwen gets rewarded is the same way the shareholder gets his reward-- higher share price. Today's sell off is an understandable reaction, nevertheless pretty short sighted.
will catch a MUX bottom and play, 2.19 was previous low
Mux adds a lot more potential with this move. It's more valuable now than a week or a month ago. No debt. I got advantages-- if and only if gold continues to rise.
from 2,83 to 2,17 in just over a week...now that's what I call shareholder appreciation. how they will ever get to their $5 target is beyond me...when?? in 2 years? maybe 3? MUX has done nothing but go down for almost a year now.
The latest Los Azules valuation was probably responsible for the 12 cent rocket shot in share price in the last hour Friday, It puts a $2.2 billion value on an asset carried on the books for $160m. Its assumptions of $3 copper, $17 silver and $1300 gold seems reasonable, allowing for a small correction in asset prices that are all in clear uptrends. The largest copper producer in the world is right next door in Chile. Its CEO was recently quoted as being dubious about the one-year copper rally. If he becomes a believer, MUX has a potential buyer at a price (several hundred million) that could fill its coffers and finance current expansion out of Mexico and into the U.S. and Canada. Exciting!
This is going to get pounded if we see gold backtest towards the $1200 area before resuming to new highs next year.
I don't get it with MUX. Why can't it just go up and STAY there for a while? Who or what keeps hammering it back to 2,5 range or lower? Every outbreak was immediately slammed down again. The movements seem erratic and don't make much sense anymore.
JoshuA, your 2 digit IQ is going to get pounded into a low single digit number.
GOLD is GOING MUCH HIGHER...imho, because of........... ************************************************************ NK war drum keeps louder. China, Russia, Iran, Others will damage the petro dollar seriously with OIL FUTURES traded in YUAN, & convertible to GOLD. Budgets probs / huge Deficits / DEBT in the US continue unabated. Cryptos are being banned by China and next up is ?????????? Global Negative Interest Rates cause folks to buy GOLD.
laughable trading by the miserables.....
Copper crosses 3.10. Shorts singing like sopranos.
Am I the only one here waiting for a short squeeze?
Very annoyed! Gold up again and MUX down. Also very large short position...........why is this? does anyone have info? The copper holdings alone are worth 2X the stock price at current prices!! I just don't get the price action of MUX for the last few weeks. Thanks........
Short traders on the come.....obvious moronic behavior.....won't last long.
The game being played here is pathetic at best.....less than a million traded and down....the players will soon be on the wrong side of the trade....count on it.
$MUX - $PPPMF (PPP) Primero sells BlackFox to $MUX -> $ 35 mln Bullish