Quote:
Originally Posted by PressThePace
Lambo, refresh me on the pertinent info on MUX if you don't mind.
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the most pertinent info is that i have been buying this stock starting at $6.00 all the way down to $.60 for the past 6 years.
the guy that runs the company was very successful with Goldcorp, which took over another company called Glamis Gold. he left Goldcorp before that takeover. Goldcorp wound up getting bought out by Newmont Mining.
when McEwen left Goldcorp the share price was $50. he brought it up from $3 to the $50 and cashed out. i was also in Goldcorp under $10 and sold in the $40's.
today, McEwen has some real good properties, but they have not done a good job exploring and building mines. they had a fire, and a robbery in one of their mines.
i am guessing they are ready to turn the corner now. (i hope they are anyway) my belief is the CEO is as good as it gets. i have met the man a few times and have been very impressed. Rob McEwen is is the largest shareholder of the company and does not receive a salary. he only wins if you win.