McEwen Mining earnings callSeekingAlpha.com provided a transcript which included this exchange.
Unidentified Analyst
Very fair. You guys have a very strong treasury I mean $36 million in cash for a company of your size is -- I wouldn’t want to say unheard of, but certainly a rarity out in the market. Just sort of walk us through potential acquisitions, you’re willing to do something if the right opportunity arose but should we be shocked to see something happen before the end of the year?
Rob McEwen - CEO
You should never be shocked, of giving some advanced notice. But we've been preparing ourselves for opportunity, making sure we have a strong balance sheet to give us that ability. I think there are opportunities out there we've been looking at a number - unfortunately first impressions are usually better than when you get deep into the situation, there are questions and ownerships issues and financial concerns that make the deal a little more difficult but there's opportunity out there and we're looking for it.