In “Remind me again why you think McEwen Mining $MUX is worth U$950m, mister market” dated August 6th, the evening of MUX’s 2q14 filing, we wondered once again just why the market valued this company so richly compared to peers. It’s always been a mystery here at IKN Nerve Centre as to how Robbie Mac could keep this highwire act going. Four months later, things have changed.
The cult of personality is notorious for its limited shelf-life. Ian Ball got out at the right time.