RE:RE:ITSimplified version of McEwen shares and sales.
1) Rob McEwen bought shares and received warrants in 2018 for himself, with his own personal money (3,144,746 shares) and for his company McEwen Mining (786,186 shares) and received 1/2 of one warrant for each share purchased. See PR (
Rob McEwen's original share purchase.
2) Rob McEwen has sold ZERO, NONE, NADA, ZIP, NOT ANY of his personal shares. He has also NOT converted any of his personal warrants. The warrants are good until Sept 2020.
3) McEwen Mining has sold alll of its shares, converted all of its warrants and sold all of those associated shares also. McEwen Mining now owns no GBR shares.
4) Because of the size of his personal stake in GBR Rob must report sales. Because he is the Chairman and CEO of McEwen Mining he must also report these shares as his personally, even though they were owned by the company. Its a question of ownership and control and the regulator considers him to control the McEwen Mining shares so he has to report the sale of them as if he owned them personally because he is an large shareholder of GBR (an insider according to regulators)
5) Apparently delays in some of McEwen Mining' projects required them to get their hands on more cash recently, maybe even to meet payroll. See their own PR and reduction in production (
McEwen Mining Reduced Production. So McEwen Mining sold all its shares that it bought for less than $2 for a big profit to fund its own operations where they are having production issues.
6) Personally Rob McEwen still owns, NOW, a total of $19,843,347.26 worth of GBR shares which he bought for $1.45 each and 1,572,373 warrants with a strike price of $1.75, well into the money at the current share price of $6.31
7) Lastly Rob McEwen will appear together with Chris Taylor (CEO of GBR) later this fall in Zurich for a fireside chat to be web cast.
SO ROB MCEWEN IS A STRONG SUPPORTER OF GBR....IMHO