Great Bear Resources Ltd. GTBAF

McEwan

[flashcash]

Looks to be concentrating on his projects, might be the main reason for selling.

https://www.mcewenmining.com/investor-relations/press-releases/press-release-details/2019/McEwen-Mining-Announces-Closing-of-US50-Million-Public-Offering/default.aspx

[Ghostofrljp]

Unfortunately it is the main reason. How much more does he have to go?  That is my question.  We will have an idea when the share price breaks out of this consolidation and sticks. Expect it to pop and drop as RM takes advantage of any news spike. As he has been doing.  Until he is done that is the play imho. 

[Yoda1955]

His ownership of MUX has dropped from 22% to 20%. It doesn't look like he put any money into the last offring by MUX. Hmmmm...

[HansonLockyer]

This post has been removed in accordance with Community Policy

[Yoda1955]

Well either CT is lying or RM lied to Chris. At this point I think the latter. In any event, RM did not use the proceeds from his sale of GBR shares to maintain his prorata (22%) share in MUX.

[Goaweigh]

I suspect he needed to raise money as a backstop in case the Underwriters couldn't raise enough or they needed him to support the deal, set an example so to speak. Obviously he wasn't needed at all and so didn't put in any money. I think it's more of a reflection on MUX than on GBR.

[Yoda1955]

Won'tt argue with that. MUX has been a money pit for RM and I suspect a severe embarrasment. Yoda

[Goaweigh]

Anyone else notice that nowhere in the release does it say that Rob McEwan participated in this financing which it would have stated if he had ! To the best of our knowledge Rob McEwan only sold what he needed to sell to get below the reporting threshold of 10 %. The man isn't stupid, he's taken some money off the table and doesn't have to report his holdings anymore and I can't

[Ghostofrljp]

I for one am sure not fretting. If he is not continually suppressing the share price on the sell side then who? Is the entire market "stupid" It could be many variables agreed. But confirmation will be next good NR and it pops and drops...again. It could just be the country club shuffle whereby RM is distributing to folks via the open market. Let some friends get in on the action. Who