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drbubb

Cycles, & GEI's Favorite Gold shares

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Which ONE gold stock does he think is Cheapest?

GCM: "Cheapest Cash Flow multiple. At 15% Free Cash flow yield"

"Sprott's been trading out, into more speculative Gold stocks"

"Probably worth $12 on a relative basis.  China is investing in Columbia" at about 13 minutes

Gold Producers’ Free Cash Flow Is Attracting Generalist Investors says Frank Holmes

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GCM ... update / Last: C$5.80 +0.09, wtB: $3.75 + 0.20

New Low just made at C$5.56, and $3.45 for the wtB?

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GCM.wtB are my most valuable single position, I just added over 15% to my holdings at about C$3.55

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Stephen Roman and Sam Coetzer's Harte Gold Corp. (HRT) lost one cent to 17.5 cents on 721,000 shares on word that it has added to its already staggering debt load, closing the $18.5-million (U.S.) credit facility that it arranged early this summer and converting 9.5 million special shares previously issued to the lender, ANR Investments, into a $9.5-million (U.S.) loan attached to the credit facility, bringing the full amount to $28-million (U.S.).

On top of that, the arrangement provides Harte with another $2-million (U.S.) in available cash, as it includes the sale of a 0.5-per-cent royalty to the lender. Further, the facility provides an additional $20-million (U.S.) accordion option that can boost the full amount of the credit facility to $48-million (U.S.) and the total cash available under the arrangement to $50-million (U.S.). Naturally, the credit facility carries a hefty annual interest rate: 14 per cent.

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GLD ($132.14) vs TLT ($132.44: r-100%) from 5.Jul.19 : Oct-19: 10d / 9.4.20: GLD:$181.64 / TLT:$162.74= r-111.6%

Chart is updated from time to time

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NEW PUSH above $2000 Gold may start next week

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GTR.v / Gatling Exploration

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The MINING MADNESS EXPLAINED                        

Guys, you really need to invest a few minutes to listen to this interview...

Try have patience, or skip to the last 1/3 or so... to hear about the opportunity in Uranium stocks. 

There used to be 500 Uranium related co's and only 20 are left "with 8 good management teams", says Mr Rick Rule.  In the Gold sector, there are 1600 gold co's and only maybe 150 tried & tested teams.  Be careful out there !  /                                 

Rick Rule: the coming bull market for gold and uranium >

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'The acquisition wave is coming' - Mark O'Dea

With precious metal prices up sharply this year and a depleted pipeline of projects due to under-investment, the chair and founder of Oxygen Capital, Mark O'Dea, told Kitco on Monday there won't be that many new mines opening after his Pure Gold Mining (TSX-V: PGM, LSE: PUR) starts up later this year.
Oxygen Capital is an integrated merchant bank and mining house behind the companies such as Pure Gold and Discovery Metals. O'Dea sold his previous company, ... (read more)

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Re: Bluestone (BSR) valuation @1.92
bsr. ... update : vs-gcm :
xmDXKMD.gif
 
looks about as cheap as gcm, based on these figures...
 
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Compare with GCM:  trading at how many years production, at $1500/oz gold

BSR : 143.2M x$1.92= $275M: 146k oz x$1500= $219M   ($ 579: $84.5M)= $134M:
+++ : +Capex $230M= $505M: 146k oz x$1500= $219M   ($ 579: $84.5M)= $134M: 3.8 yrs
GCM: 61.92M x$6.46= $400M: 220k oz x$1500= $330M ($1000: $220.M)= $110M: 3.6 yrs

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RCT has come back to life...

RCT.v /Rochester Resources ... YTD: 5yr: 2yr: 1yr: 6mo: 10d /Last: $0.085 +0.035, +70%, vol. 128.0k

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RCT-etc ...3yr:

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2020-09-28 16:09 C:RCT 0.05 SEDAR Audited Annual Financial Statements SEDAR Audited Annual Financial Statements
2020-09-28 16:09 C:RCT 0.05 SEDAR MD & A SEDAR MD & A
2020-09-15 17:09 C:RCT 0.05 SEDAR Early Warning Report SEDAR Early Warning Report
2020-09-15 16:58 C:RCT 0.05 News Release Rochester Resources closes $125,000 private placement
2020-09-14 20:00 C:RCT 0.05 Private Placement Rochester Resources 2.5-million-share private placement

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Rochester Resources Ltd.

 

Sep 28 2020

16:03:32 ET

AB Form 13-501F1 (Class 1 and 3B Reporting Issuers - Participation Fee)

PDF

56 K  

 

Sep 28 2020

16:03:32 ET

Audited annual financial statements - English

PDF

417 K  

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TOTAL EQUITY (Deficiency): (24,849,156) : May 2020

TheCompanyholds100% undividedinterests inthe Mina Real and SanFranciscoproperties. The Mina RealPropertycomprises eight concessions andonemineralclaim locatednear Tepic, Mexico. The SanFranciscoPropertycomprises twelve concessions locatedapproximately60kilometres west ofthe Company’s mill ontheMina Real Property. (b)During fiscal 2015 management assessed whether there were anyindications of impairment of the Company’sproperty, plant and equipment as required by IAS 36.

The9%Advances bear interest at a rate of 9% per annum and have nofixedterms ofrepayment. As at May31,2020 $1,273,047 (2019- $1,263,107) oftheprincipal and$843,865(2019 - $723,758) ofthe relatedaccruedinterest are duetothe CEO ofthe Companyandprivate corporations controlledbyor affiliatedwiththeChairman of the Company.(b)The12%Advances bear interest at a rate of12%per annumandhave no fixedterms ofrepayment. As atMay31, 2020 $4,152,385(2019- $4,061,757) ofthe principal and$2,491,421(2019- $1,930,228) ofthe relatedaccruedinterest are due tothe ChairmanoftheCompany, directors ofthe Companyandprivate corporationscontrolled by or affiliated with the CEO of the Company

OnJanuary31, 2013 the Companyexercisedits options tore-acquire its 20%equityinterest inMina Real fromE EnergyVentures Inc. (“E-Energy”) and UnitedCoal Holdings Limited(“UnitedCoal”) and issued$5,500,000ofindebtedness (the“Indebtedness”). The Indebtedness are securedbythe assets ofthe Companyandinterest is calculatedat 9%per annumon the decliningbalance at the endofthe month. Duringfiscal 2019the Indebtedness and$2,154,523ofaccruedinterestwas purchasedbyandassignedtoprivate corporations, ofwhich$1,296,812ofprincipal and$769,487ofaccruedinterestwas owed to a corporation associated with the CEO of the Company.Duringfiscal 2020theCompanyrecognized$326,790(2019- $326,790) ofinterest expense As at May31, 2020,$2,481,313 (2019 - $2,154,523) of interest remained unpaid and is included in interest payable. A director of the Company is the CEO of both E-Energy and United Coal.

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