OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

In the 1970’s I was employed by Atomic Energy of Canada , Limited – a Crown Corporation (government owned). Two power CANDU nukes were sold to Argentina , payable in C$ , but with a 30% inflation cap in the Peso/C$ exchange rate . This was before Volcker and runaway global inflation . Before the plants were generating electricity , the devaluation of the Peso meant that the Canadian taxpayer was on the hook for the gift of two plants . The CEO of AECL was retiring , the incoming CEO , an engineer , became the ‘Schnoom’ (sacrificial lamb) and was fired for the sins of others within months of taking over , and the Argentinians (Peronistas by philosophy) won .

I have deep distrust of any Argentinian deals .

that’s all the more reason to find pm stocks with a low share count.  McEwen should have put his own money up for this recent funding.  With brokers letting you trade for free they are lending your shares out like never before.

I’ve been out of mux since late spring and thought I’d come back in the fall.   There has to be some serious tax loss selling in MUX coming up.  If copper picks up Mac may see some value for his Argentina copper property and I may take another look.  For now I’ll probably add more gzz which owns 40% of McEwen’s biggest winner RZZ and hasn’t been reflected in the price yet.

Ya but he’s been getting pumped in the butt by the bankers every day like the rest of us.

This is the upper end of the range I had for the MUX correction ($1.05 USD the bottom), so one could start dipping toes here. A 10% dilution is never good but if there’s anybody that will put that money to good use it’s RM.

Cheers

While he hasn’t acknowledged it , I suspect there are labor issues at Black Fox and what worked with labor issues decades ago at GG doesn’t work these days at black fox.

I doubt the deep drilling at the Nevada properties that he wanted to do isn’t going to happen with the cash problems.

are going to be good for five years with an exercise price of $1.72

with a share price below that, they should be really cheeeeeeep!

Priced at $1.325 plus half a warrant. Why are these shares priced so low??? Has Rob lost his friggin mind?

https://finance.yahoo.com/news/mcewen-mining-announces-pricing-us-133930874.html

https://finance.yahoo.com/news/barkerville-obtains-final-court-order-120100568.html

Been at it non stop for last 40 mins, determined to get the SM running higher, can’t have 3 down days and Au must be put back below 1470…no matter that Iran is now a mess along with Hong Kong.

We’re gonna get kicked in the head on the opening. Hard to say much good about MUX right now. Is our faith in McEwen misplaced?

Mr. McEwen would serve his shareholders well to come out and make some statement defending his stock. Especially considering he’s done nothing but destroy the value for the last several years. He still owns 22%.

The headline about the offering was vague – 15% on 352 million shares is a huge dent to a $1.25 stock.

He owes shareholders a serious explanation about how he intends to boost value by doing that.

Not only a good one but pretty accurate and goes on all the time.
Why aren’t the republicans gathering all the evidence on Schiff and make him recuse himself??!!

The odds on this being the case, virtually 100 % of the time, are astronomical……yet not a word is ever said in the MSM or by Analysts, or pretty much anywhere else.

Old Beaver and new paint, approaching Montreal
https://railpictures.net/photo/711470/

What’s new with these ETFs. I suppose you could wait out the R/S with the inverse and grab a temp bottom as Gush drops to back where it was but still a etf. That would depend on where the sectors going.

Direxion to execute a 1-for-10 reverse split of the outstanding shares of the Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares (NYSEARCA:GUSH), effective after the market close on November 21, 2019.

https://moneymaven.io/mishtalk/economics/deutsche-bank-to-replace-18-000-workers-with-robots-1r-sv7lmpke6dMnObyJCYA/

Well that sucks! C’mon Rob show us some magic!

https://finance.yahoo.com/news/mcewen-mining-announces-proposed-public-212749076.html

TORONTO, Nov. 19, 2019 (GLOBE NEWSWIRE) — McEwen Mining Inc. (the “Company” or “McEwen”) (NYSE: MUX) (TSX: MUX) today announced its intention to offer shares of its common stock and warrants to purchase its common stock in a registered underwritten public offering, subject to market and other conditions. McEwen Mining also expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock and warrants sold in the public offering.

The Company intends to use the net proceeds from the offering for advancing its current mining projects and exploration prospects, for additional operating capital and for general working capital purposes.

Gold and Palladium are higher, all the energies are lower. Meats are lower, grains, softs, lumber? call it flat. All the “anti USA countries ” currencies are LOWER, US Traitor Import Dollar HIGHER.

https://finviz.com/futures_charts.ashx?p=m1

Nobody is going to make the USA great again until the USA has a FAR FAR lower dollar, combined with a substantially HIGHER base standard wage. For tax revenue. For budgets etc. The Rich can’t pay anymore. We have to tax a healthy wealthy and wise massive middle class. 🙂

Basically any and all small and large wholesale retail service manufacturing businesses with a non union work force would take the hit. Or pay the “tax”. A survival of the most fittest most profitable businesses.

Gov’t employees and gov’t vendor employees would need pay cuts. 🙂

I remember that! I was just starting to invest in the Trusts when the gov changed the rules. They paid out like 20% in dividends. Yeah the gov sure effed that up.

Well I remember the Canadian Oil & Gas trusts in the early 2000’s.

Originally created to give ordinary Canadians an opportunity to participate in the natural resource wealth of Canada – they paid HUGE dividends ….MONTHLY. When they caught on with the public the share price also took off. It was wonderful.

Everything was cool until one day – the Halloween Massacre it was called. The Canadian Gov’t announced a decision to change the tax structure. It destroyed those companies. they have not recovered.

re miners earning loads of dosh.

I always remember some guy promoting Drooy on the Gold Eagle Board, he said he got more in dividends than he paid for some gold miners, in the 80’s mkt, I expect he was lieing, but I bet it has happened and it could well again,

The Central Planners (and all of us) obviously know approximately how much it costs mining companies to mine an ounce of Gold. If TPTB did NOT suppress Gold, and allowed the natural price of Gold to where it SHOULD go???

The mining companies would make way way way too much money. It would be like a monopoly on “money creation”. They would be like the U.S. Mint, or U.S. Treasury Dept, or the Federal Reserve Banking cartel itself.

Who knows? Maybe bigger than Amazon? Apple?

The CEO of Chilean Metals (TSX.V:CMX), Terry Lynch, launched this week Save Canadian Mining – an advocacy group whose goal is to give voice to the specific interests of Canada’s junior mining sector.

In a press release, Lynch explained that Save Canadian Mining will work to raise awareness of the importance of the junior mining segment for the country’s economy. It will also advocate for positive change on their behalf with government and regulatory agencies.

“The current rules in our equity markets have created an environment for predatory short-selling practices to thrive, particularly on our vulnerable junior markets,” the executive said in the media brief. “For smaller cap mining companies, short-selling activity spooks true investors into selling prematurely, effectively stunting the growth of these businesses at critical early stages. Save Canadian Mining is dedicated to helping ensure Canada’s capital markets remain viable for junior miners now and into the future.”

cont. https://www.mining.com/save-canadian-mining-initiative-launched/