Rubicon Minerals Corp. (USA) (NYSEMKT:RBY)

CAPS Rating: 3 out of 5

The Company is a Canadian based mineral exploration-stage company that explores for commercially viable gold and base metal deposits through Company-funded and partner-funded exploration.


Player Avatar rupertmundy (< 20) Submitted: 9/7/2010 5:43:26 AM : Outperform Start Price: $4.37 RBY Score: -167.26

Once Rubicon begins to extract the high grade gold that lay inside their claims, this company will take off. The fact that their mines are located in a stable country (Canada), and the owners own 21% of company shares makes RBY all the more attractive.

Member Avatar segundo100 (< 20) Submitted: 9/30/2010 3:42:54 PM
Recs: 0

Robert McEwen (former Chairman and CEO of Goldcorp, owns 31% of the company) is to sell all of his Rubicon stock on or about October 5, 2010.

In his statement about Rubicon he says it is a "great company. They have excellent management, an important discovery, and a strong treasury with which to explore and develop it."

He explains his enormous sale this way: "The Company has grown to represent a disproportionate share of my stock portfolio for an investment where I am not actively involved in management. This step is designed to focus my interests in the companies I run, US Gold Corporation and Minera Andes".

I own stock at Rubicon and this news is important for us shareholders so I share it. Link to a more detailed article:

Featured Broker Partners