Aquisition Stradegy?
Mcewen has been making a few aqusitions recently. Ian Ball stepped down to head Abitibi as president. Shortly after Mcewen does a private placement owning just under 10% of the shares.
Today we get news that Mcewen mining has aquired 10% of VGD.V Lets summarize some of Rob Mcewens holdings and Mcewen minings recent aquisitions.
Abitibi Royalty 10% and Iam ball presidnt (holding of Rob Mcewen) $2 million
Visible Gold 10% + warrants (holding of Mcewen Mining) $500,000
Lexam VG Gold 27% + Non Exec Chairman (holding of Rob Mcewen) $5 million
Hopefully we can roll all 3 of these companies together into MUX and get a few steps closer to S&P.