In these days of manipulative economic practices I felt like sharing a positive story of hope and expectation. As my friends are aware, I focus heavily on economics and financial investments. In the gold & silver arena there are many stocks that have done well over the years. Behind those stocks are visionaries who understand both mining and business and their track record supports their beliefs. Rob McEwen is one such visionary. He is the CEO of McEwen Mining Inc. and the stock symbol is MUX. See his biography: http://www.robmcewen.com/biography/
Rob is the largest shareholder of MUX and takes no salary. I call that commitment. His goal for MUX is for the company to be listed on the S&P 500 by the year 2015. For this to occur, the company must grow to about 7 times its current size. The current share price is $5.80 so at the current number of shares outstanding, a $40 price would satisfy the growth requirement.
You can see his presentation at: http://www.mcewenmining.com/Theme/McEwen/files/doc_presentations/mcewen20120120_2.pdf He outlines his strategy for achieving his target.
It must be obvious to the reader that I am invested in MUX. Rob’s integrity and business prowess sent Goldcorp into the stratosphere and I will be cheering him on as he applies the same principles to McEwen Mining. As I have mentioned in the past, I prefer to take possession of my stock certificates or at least have them directly registered with the stock transfer agent.
Disclosure and Disclaimer Statement: The author has personal investments in gold, silver, uranium and base metal mining shares. Potential investors in this stock are encouraged to conduct their own further diligent research. Neither the information nor the opinions expressed should be construed as a solicitation to buy or sell any stock, currency or commodity. Investors are recommended to obtain the advice of a qualified investment advisor before entering into any transactions. The author has neither been paid nor received any other inducement to write this article.