OTCQX:GTBAF - Post by User
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bitcoinruson Aug 25, 2018 1:14am
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What was once old is now new again, just saying
What was once old is now new again, just saying
Rubicon stock soars as McEwen takes major stake
By CRAIG WONGCanadian press
Mon., Feb. 26, 2007
VANCOUVER – Stock in Rubicon Minerals Corp. (TSX: RMX) rose about 40 per cent Monday after former Goldcorp Inc. (TSX: G) chairman and CEO Rob McEwen announced he would take a major stake in the company and be a strategic adviser to management for at least two years Rubicon holds exploration properties in the Red Lake area in Ontario, near Goldcorp's Red Lake mine.
"I think coming back to Red Lake adds a validation factor for what we're about and what we've been doing that probably couldn't be obtained from any other party," Adamson said of McEwen.
https://www.thestar.com/business/2007/02/26/rubicon_stock_soars_as_mcewen_takes_major_stake.html
What went wrong at Rubicon Minerals, one of the biggest junior mining meltdowns in years
Rubicon drew many high-profile investors, including the Canada Pension Plan Investment Board, entrepreneur Rob McEwen and gold mining giant Agnico Eagle Mines Ltd. Rubicon did look like a near-perfect story: A high-grade discovery in Northern Ontario’s legendary Red Lake camp, home of the world’s richest gold mine. But this company had numerous skeptics, and they shared a concern about its strategy.
Put simply, Rubicon tried to rush a challenging project into production, and it skipped important steps along the way.
https://business.financialpost.com/commodities/mining/lessons-from-the-meltdown-of-rubicon-minerals-corp