Saturday, July 4, 2015

Three lines on McEwen Mining

IKN, 3 June 2015 - McEwen Mining files a shelf prospectus to raise $200M. *

IKN, 18 June 2015 - McEwen Mining decides to initiate an annual dividend.**

IKN, 2 July 2015 - McEwen Mining no longer meets NYSE continued listing requirement.

Someone please tell Rob McEwen that I've watched gold producer stocks go to $0.00 before, and as far as I'm concerned he's been doing a damn good job of imitating them.

* - shelf prospectus means they want to raise cash.
** - initiating a dividend means they want to give away cash.

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