RE:RE:RE:RE:eastern frontTo be clear -- ALL information is from published or bulletin board sources and I have no direct involvment in or knowledge of specific details.
The rumour is Rob McEwen personally needs at least $40M by Friday to finance his new copper mine in Argentina.There may also be additional funds required to repay McEwen loans from Sprott Financing.
It was announced publicly ~3/4 weeks ago.
McEwen was an original investor in NFG and owned ~15% of NFG shares. He has been removed from the presentations as an "insider" which would suggest his holdings have dropped to less than 10%. I do not know specifics & frankly don't care -- what's important is that a large block of some size MAY be associated with this transaction which occurs end of this week.
It may also explain the "silence" referenced by GGG and expanded upon in my earlier post.
MUX Creates McEwen Copper Which Announces $80 Million Series B Private Placement to Advance the Los Azules Copper Project, by @nasdaq (ceo.ca) McEwen Mining announces $80 million funding for copper project | Kitco News
McEwen Mining makes a plan for its massive copper asset - Kitco