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    McEwen Mining (Seite 181)

    eröffnet am 29.01.12 19:26:51 von
    neuester Beitrag 17.04.24 18:58:02 von
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    ID: 1.172.023
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    ISIN: US58039P3055 · WKN: A3DMEX · Symbol: MUX
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     Ja Nein
      Avatar
      schrieb am 23.05.12 20:57:17
      Beitrag Nr. 103 ()
      Antwort auf Beitrag Nr.: 43.198.354 von Mr-Diamond am 22.05.12 20:12:22McEwen Reassures Shareholders In Conference Call

      McEwen Mining (MUX) held a conference call yesterday, May 22, to provide shareholders with critical updates regarding its operations. The focal point of the conference call was to address the potential for Argentina to order foreign companies operating within its jurisdiction to keep its revenue there as a strategy for bolstering the Argentine economy. As MUX has significant operations in Argentina that provide the company with cash flow, this potential policy initiative could significantly impact the firm's operations. Indeed, it has already impacted the share price, as the chart below suggests.


      (Click to enlarge)

      As MUX is one of the larger positions in my portfolio, I listened in on the conference call carefully to see what management had to say. Here are some notes I jotted down that I think are particularly relevant for shareholders:

      1. Rob McEwen, founder and CEO of McEwen Mining, began by apologizing that he had not foreseen the scenario in Argentina. He called it a "nasty bump in the road" but still believes the company has world class assets and that it will succeed.

      2. Rob said: "How do I feel about having $110 million invested in this company? Pretty good."

      3. McEwen reminded shareholders that nothing has been formally announced out of Argentina, and that the concerns, while warranted, were not hard and fast rules just yet. Thus far, the comments out of Argentina can be classified as "moral suasion." Rather the purpose of the conference call was to have a discussion with shareholders about the situation and what precautions the company plans to take.

      4. As one might expect of any CEO, McEwen stated he believes MUX's share price is now significantly undervalued, and that the property value of the mines the company holds is likely to be collectively greater than the firm's market capitalization.

      5. The worst case scenario is that the company will need to raise more cash. The firm is already in talks to sell or monetize some or all of its Los Azules copper project. MUX's Chief Financial Officer, Perry Ing, stated this project could be sold to generate cash if repatriation of revenue from the firm's Argentina project becomes impossible.

      Personally, my average share price on MUX comes out to just under $4 per share. I won't be buying any more until the situation in Argentina is resolved. However, I'm not selling my shares either, and I'm still bullish on the company. For those who do not have a position, I think this is a great opportunity to "buy the fear." The situation in Argentina could prove to be a nasty bump, as McEwen noted, although I don't think it will derail the firm - or that at the very least at its current price it is a worthwhile speculation. At the end of the day McEwen is a proven executive who owns 25% of the shares, has invested $110 of his own money, and takes no salary. In other words, management and shareholder interest are deeply aligned, and management is very proven.

      As I mentioned in my previous write up on MUX, 2015 is the year to watch. That is the year the firm expects its production to increase significantly, and is also the year by which the firm seeks to achieve inclusion in the S&P 500. From this perspective, I consider it a worthwhile opportunity to purchase shares now with the intent of holding it through 2015.

      Disclosure: I am long MUX.

      (source: http://seekingalpha.com/article/612261-mcewen-reassures-shar… )
      Avatar
      schrieb am 23.05.12 20:12:29
      Beitrag Nr. 102 ()
      Antwort auf Beitrag Nr.: 43.201.806 von i5001 am 23.05.12 15:42:46wird doch - schau mal auf den Kurs drüben

      :lick:
      Avatar
      schrieb am 23.05.12 15:42:46
      Beitrag Nr. 101 ()
      Antwort auf Beitrag Nr.: 43.200.867 von boersentrader02 am 23.05.12 12:18:48der jüngste Kursverlauf spricht eine deutliche Sprache ...
      1 Antwort
      Avatar
      schrieb am 23.05.12 12:18:48
      Beitrag Nr. 100 ()
      Antwort auf Beitrag Nr.: 43.198.354 von Mr-Diamond am 22.05.12 20:12:22Re: What is McEwen Telling Us? 22-May-12 07:17 am

      from: agtavy


      i have other miners doing business in argentina and they havent said anything.


      and the next: from fullplateei...

      I'm listening to the call right now, about 30 minutes into it, but haven't heard anything that suggests San Jose cash flow is restricted beyond what was announced last fall. The next dividend from San Jose will be received in June, and they should be able to repatriate that cash to Canada as usual. It seems that this issue is being over stated right now. That's not to say that we shouldn't have concern for the future. But the question is why is it being raised right now?



      and the next: from matgallis

      But the question is why is it being raised right now?"

      Andrew spoke about the series of events that led up to the most recent change of the repatriation of funds. They are setting the worst case scenario

      und es gibt in diesem Thread noch einige Kommentare:

      http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks…
      2 Antworten
      Avatar
      schrieb am 23.05.12 12:07:40
      Beitrag Nr. 99 ()
      Antwort auf Beitrag Nr.: 43.198.354 von Mr-Diamond am 22.05.12 20:12:22Hier stelle ich zwei Kommentare von 2 Usern aus dem Board "Silicon Investor" zur Info ein.

      danach zu urteilen heißt es abwarten und Tee trinken. Vielleicht wird es für die Junior Mining Companies nicht ganz so schlimm wie bei den großen Ölfirmen oder auch Bergbau-Betrieben ?

      Wobei natürlich bei der großen Öl-Company das ganze schon abgeschlossen, das heißt Verstaatlichung, durchgeführt worden ist.




      From: Comtecaus_08 5/22/2012 6:18:57 PM
      of 504


      Folks in Apollo 13 the astronauts proclaim; "we just lost the moon".

      Folks we just lost the company/SP 500. We are now in survival mode. The continual fed madness and the inability for the market to see what is coming in fiat has painted us into a corner in more ways than 1. Most importantly we are being valued at crap and we can't fund growth as planned.

      When a newly printed T Bond is highly coveted over a hard asset we are in a weird set of circumstances.The only thing I can concluded is that the financial system is so bankrupt in its derivative bets and leverage that it simply can't extract itself from the financial engineered derivative monster machine and in the process it will destroy any asset not placed in the hands of the US Government. Second, Argentine stupidity. Nuff said there.

      Why there are bank runs in Greece after 2 plus years where you had to be an idiot not to be getting prepared is testimony to people ignoring what is right in front of them. I humbly submit that we are years away from the US population understanding what is going to happen to them. We have to go through Japan yet before we get to the "king Dollar".

      Props to whoever the poster was saying on here we have a funding problem. Yes sir we do. My hope that we would get price relief from the juniors miners to let us float some cheap currency before the funding issue came due is "kaput". I say we go private but the mines out and then when the public is gaga with the miners
      we float out at a higher price. What mechanism we could use to get us a piece of the private is above my pay grade but i'm tired of the bullshit mega banks bending us over.



      To: NorthSideBill who wrote (501) 5/22/2012 8:37:48 PM
      From: The Hog 1 Recommendation of 504





      Hello fellow shareholders! We all need to take a deep breath and relax! The primary reason Rob McEwen has issued this warning was for the sake of the shareholders. He wanted to share the worst case scenario. I listened to the conference call and was very satisfied with the announcement and the questions ask by other shareholders. As of right now, we are still able to get full payment from our dividends from San Jose. This is what is currently funding El Gallo. I truly believe Rob wants to be upfront with the shareholders in case anything disastrous may happen. I understand why Argentina wants some of the income from the mining resource. They want to build their economy. I believe the Argentinian government wants small companies like McEwen mining to grow and be involved in their economy. If they make things to difficult the small companies that bring the income to their economy will leave or go broke, and will hurt their country in the long run. Historically Argentina is a mining friendly country. Heck, it's name came from the silver mining in the country.

      The word Argentina comes from the latin word for silver, argentum. So, Argentina is like the land of silver. It's whole existence is from the mining industry, and I don't believe it will end here!

      We all need to crack a beer open, relax, and not let our emotions (fear, and greed) control us!

      http://www.siliconinvestor.com/readmsgs.aspx?subjectid=58536…

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      Avatar
      schrieb am 23.05.12 11:54:14
      Beitrag Nr. 98 ()
      Um auf deine Frage, Mr-Diamond einzugehen, über 50 fragende Aktionäre haben dort ihre Fragen stellen können, leider haben diese für mich zu schnell gesprochen, sodaß ich mir kein richtiges Bild von dieser Aussprache machen konnte.

      Vielleicht ist ja einer hier im Board, der der englischen Sprache besser mächtig ist als ich ?

      Er ist jetzt gefragt uns hier das wichtgste von dieser Konferenz mitzuteilen.

      Dafür möchte ich mich schon jetzt bei denen bedanken.



      Leider geht Ian Ball nur sehr kurz auf das Problem in Argentina ein.

      Dem fallenden Kurs nach zu urteilen muß es eigentlich sehr schlimm stehen mit den dortigenMinenbetriebe.

      Es kann ja nicht nur alleine MUX unter diesen Verstaatlichungen zu leiden haben, wer weiß denn welche großen Mining-Betriebe ebenfalls darunter zu leiden haben ?

      Ist den keiner der großen Goldförder-Betrieben, wie Barrick, Goldcorp oder andere, dort in irgendeiner Form ansässig und leidet unter dem zur Zeit stark resultierenden Kursverfall ?





      FINANCE VIDEO:

      McEwen Mining (TSE:MUX) Senior Vice President Ian Ball Interviewed at Hard Assets Conference in New York, 2012.


      New York, May 23, 2012 (ABN Newswire) - FINANCE VIDEO: McEwen Mining (TSE:MUX) Senior Vice President Ian Ball Interviewed at Hard Assets Conference in New York, 2012.

      ABN Newswire interviews Ian Ball, Senior Vice President of McEwen Mining (TSE:MUX) at the Hard Assets conference in New York, 2012. The following transcript is associated with the full video interview.

      Tim Mckinnon
      I am with Ian Ball, Senior Vice President of McEwen Mining. Welcome Ian.

      Ian Ball
      Thank you very much. Thank you for having us today.

      Tim Mckinnon
      We are at Hard Assets New York. Now listen, just tell me a little bit about McEwen Mining, What does the company do, and how are you involved in it?

      Ian Ball
      McEwen Mining is a gold/silver producer. We have an operation in Southern Argentina. We are developing our second mine in Mexico and have a third project that is going through the permitting phases in Nevada. In addition we have one of the world's largest copper discoveries in North Western Argentina.

      Tim Mckinnon
      Fantastic, so what is the immediate project that you have got your focus on right now?

      Ian Ball
      Right now we are constructing in Mexico, so a lot of our attention is going there to ensure we get it done on time and on budget, as so many in the industry are falling over themselves with that, so that is where most of the immediate attention is going.

      Tim Mckinnon
      Are there any problems with infrastructure in Mexico because you are operating in a number of different provinces or regions?

      Ian Ball
      The infrastructure in Mexico is fairly good, we are about 10 kilometers away from electric power, we have paved roads within 2 kilometers of the project and we have good access to water, labor, so with the mine right now, the first phase is 70% built and we expect to have our first gold pour by the end of July.

      Tim Mckinnon
      End of July? That is very quick. So for investors wanting to get involved now, it is probably a good time?

      Ian Ball
      Right now a lot of investors are getting cautious because of Argentina with the recent nationalization of the state owned oil company and the new regulations that you see. People are saying "is this the beginning of something more for mining companies", so our share price has been under a lot of pressure because what has been happening in Argentina.

      Tim Mckinnon
      And across the industry the share prices are down.

      Ian Ball
      Across the industry certainly, yes.

      Tim Mckinnon
      But in terms of a company producing gold in the next, what, two months..

      Ian Ball
      Well we are producing gold right now, we are doing 100,000 ounces of gold a year, and then Mexico will increase that to 130,000 and we are projecting to up go to just under 300,000 ounces.

      Tim Mckinnon
      So in terms of projections where do you see the organisation in say two to three years?

      Ian Ball
      We are thinking that in three years we will have Mexico fully ramped up, we will have our Nevada property through the permitting phase and we see ourselves doing around 285,000 ounces of gold equivalent a year.

      Tim Mckinnon
      That is fantastic, and that would be on a market cap now of...

      Ian Ball
      Right now our market cap is 650 Million, so we have come off much of the industry.

      Tim Mckinnon
      So you are listed on the Toronto Stock Exchange?

      Ian Ball
      Toronto Stock Exchange as well as the New York Stock Exchange.

      Tim Mckinnon
      And if somebody wanted to find out more about these projects or possibly get involved as an investor, they can go to your website?

      Ian Ball
      Yes, we have www.mcewenmining.com. You can go there for information or you can give us a phone call at our office, and we will be happy to speak to anyone.

      Tim Mckinnon
      Terrific thank you very much.

      Ian Ball
      Thank you very much having us. Thank you.

      View the Video Interview at:
      http://www.abnnewswire.net/press/en/72703/Mcewen
      Avatar
      schrieb am 22.05.12 20:12:22
      Beitrag Nr. 97 ()
      Hat zufällig jemand die Telefonkkonferenz gehört?
      5 Antworten
      Avatar
      schrieb am 22.05.12 11:19:23
      Beitrag Nr. 96 ()
      Antwort auf Beitrag Nr.: 43.194.947 von Antarius am 22.05.12 09:10:04In dem Board scheinen ja nur die Frustierten zu Hause zu sein.

      Klar, habe auch ich meine Bedenken immer zu Rob gehabt und das auch hier das eine und andere Mal in den Thread geschrieben, aber für einen routinierten Betrüger halte ich ihn dann allerdings nicht.

      Bin gespannt was aus der heutigen Konferenz neues für seine Aktionäre erkennbar wird ?

      Grundsätzlich leidet er ja auch, genauso wie mark Zuckerberg, nur eben auf hohen Niveau. Hat er (Mark)doch gestern mal eben ca. 2 Milliarden US$ verloren.
      Avatar
      schrieb am 22.05.12 09:10:04
      Beitrag Nr. 95 ()
      Antwort auf Beitrag Nr.: 43.193.394 von boersentrader02 am 21.05.12 20:16:18I plan to ask a question tomorrow.

      What is McEwen Telling Us?
      1 Antwort
      Avatar
      schrieb am 21.05.12 20:16:18
      Beitrag Nr. 94 ()
      Antwort auf Beitrag Nr.: 43.192.053 von Antarius am 21.05.12 15:42:08Da bin ich aber sehr gespannt was er uns anläßlich dieser Anhörung zu erzählen hat.

      Mir ist es nur komisch, hat Rob das nicht schon zu Beginn diesen Jahres das sehen können, dass der argentinische Staat so etwas im Schilde führt ?

      Immerhin hat er auch 110 Mill in diesem Unternehemen investiert und teilweise auch bei der damaligen Kapital-Erhöhung von US-Gold mit mindestens 2 C$ pro Aktie.
      Klar er hat auch sehr viele zu niedrigeren Kursen in seinem Depot aber er hat mindestens 25 Mill UXG zu 2 C$ oder waren es doch nur 2 US$.

      Ich hoffe er kann uns eventuell mit einem Verkauf oder Teilverkauf von diesen argentinischen Minen, natürlich zu einigermaßen guten Kursen, wieder auf Kurs bringen ?

      Ich hoffe es klappt ?

      Wer kann denn an dieser Konferenz mithören oder sogar aktiv teilnehmen ?


      Vielleicht ist ja einer hier im Board der es für die deutschen Aktionäre und natürlich für sich selber durchziehen kann ?
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