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Topic: Oct9 2017 MUX (Read 850 times) previous topic - next topic

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Oct9 2017 MUX
I see a good chance of a gap up coming, forming an Island reversal.
Closing below 2$ set off margin calls, it closed below on the day the call was due. That looks like a final shake, i've had shares called due to this type of PA.
For Entertainment Purposes Only.

  • ken
  • [*][*][*][*][*]
  • Global Moderator
Re: Oct9 2017 MUX
Reply #1
MUX conference call today: https://finance.yahoo.com/quote/MUX?p=MUX

Just in case you missed it..

Re: Oct9 2017 MUX
Reply #2
I bought MUX this morning at 2.14$
My computer won't play the CC but the PR seemed good.
For Entertainment Purposes Only.

  • ken
  • [*][*][*][*][*]
  • Global Moderator
Re: Oct9 2017 MUX
Reply #3
I bought MUX this morning at 2.14$
My computer won't play the CC but the PR seemed good.
If silver stays at 20 bucks next year, the profits begin to roll in.

  • ken
  • [*][*][*][*][*]
  • Global Moderator
Re: Oct9 2017 MUX
Reply #4

  • Nikko
  • [*][*][*][*][*]
Re: Oct9 2017 MUX
Reply #5
always felt MUX was overvalued ( although I should have shorted it )...you are paying a big premium for the CEO and its not worth it IMO.

Re: Oct9 2017 MUX
Reply #6
right shoulder needs to be adjusted lower but premise is the same
For Entertainment Purposes Only.

  • CLARKBAR
  • [*][*][*]
Re: Oct9 2017 MUX
Reply #7
ALL ABOARD.. last stop before taking the mountain grade~!

  • sn00p
  • [*][*][*][*]
Re: Oct9 2017 MUX
Reply #8
idk why but the 1.10 level looks like a nice spot to have some buys on the 1 bar = 7 week chart


  • ken
  • [*][*][*][*][*]
  • Global Moderator
Re: Oct9 2017 MUX
Reply #9
Found this in my email this morning....
------------------------------------------------------------

The most interesting thing about today's NR out of McEwen Mining (MUX) isn't how they try to bury the bad news at the bottom of the script, even though it's quite fun to get from a headline of "Grey Fox Drilling Hits 10.9 g/t Au over 18.8 m and 14.1 g/t Au over 8.4m" to this:

Updated Cost Estimates for Black Fox and Gold Bar

For Black Fox, cash costs(1) for the full year 2019 are expected to be in line with our guidance(2) of $905 per GEO, and AISC(1) are expected to be higher than our guidance(2) of $1,080 per GEO(3). Actual cash costs and AISC for Q3 YTD 2019 are $859 and $1,326 per GEO, respectively. Management's AISC estimates for Q4 2019 and the full year 2019 are $1,100-1,200 and $1,250-1,300, respectively.

Cash costs have been well controlled at Black Fox in 2019, and higher AISC are a result of higher than expected sustaining capital expenses related to underground development, improvement projects, and additional capital spending associated with our transition to owner-operated crushing at the Stock Mill. We plan to scale back production in 2020 to enable greater freedom to explore in the mine, and free resources to advance development of the Froome underground deposit adjacent to Black Fox.

For Gold Bar, cash costs and AISC for the full year 2019(4) are expected to be higher than our guidance(2) of $930 and $975 per GEO, respectively. Actual cash costs and AISC for Q3 YTD 2019 are $1,014 and $1,200 per GEO, respectively. Management's cash costs estimates for Q4 2019 and the full year 2019 are $1,000-1,050 and $1,000-1,050 per GEO, respectively; and AISC for Q4 2019 and the full year 2019 are $1,250-1,350 and $1,200-1,300 per GEO, respectively.

 
Nope, the most interesting thing is that MUX has form on this type of sleight of hand, as seen in the first installment of McEwen Mining (MUX): Puppet Show and Spinal Tap dated December last year. That was about Black Fox (aka White Elephant), too.

Puppet Show and Spinal Tap