About RobGoing back to the topic of McEwen’s purchase. With 5,800,000 shares and 1,500,000 warrants, Rob will own 12.78% of the company. From first-hand experience with how Rob ran Goldcorp, I can assure you he has always put shareholders first.
Thanks to today’s dip, my VAX holdings stand @ a modest 70,000 shares, and I plan to buy more on further down moves. I’m here almost entirely because Rob is here. I’ve always made money with any publicly-traded company he’s been involved in: GG, UXG, RBY, MAI and now VAX. His track record and integrity is beyond reproach. IMHO, Rob has big plans for VAX – well beyond any puny .25 gain. As some here predict, my guess is that he’ll end up controlling the company.
If you look at the 10-year chart, seven years ago this company ‘s PPS was over $5, and then it slowly, painfully went downhill to around .06, crawling along +/- .14 before starting to push higher mid last year. Rob’s buy doubled the price practically overnight, and now the PPS is looking for support, perhaps in the .38 to .44 range if we don’t see a big dip in the POG.
I wasn’t even aware of this company before Rob came along. His involvement here was proof enough for me to take a close look. And what I’m seeing is a completely undervalued company with very high upside, especially with a guy named Rob lighting fires under management, and potentially at the helm.
It’s not unreasonable exuberance to expect hole 19 to show positive results. But good or bad, I have no doubts whatsoever that Rob wouldn’t have given this company the time of day if he wasn’t absolutely convinced VAX was a great place to park his lunch money.
Strong buy. Hold for $5.