How raising capital reduces market capitalization
Mixed fortunes for McEwen Mining as they missed guidance on their 2019Q3 production volume and needed to swallow a quarterly loss. However exploration results at their Black Fox mine and Grey Fox extension, acquired last year from the failing Primero Mining, continue to impress. The geological potential of this Canadian property near Timmins is far beyond what was known to exist as the property was acquired.
Mc Ewen Mining share price over the last year |
It always requires some time for investors to return to their senses. Currently gold well below $1500 seems to delay investor awareness.
Source: https://gwyde.blogspot.com/2019/11/how-raising-capital-reduces-market.html
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