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wanna new deal---those criminals dont deserve what they ask
let them run with the bulls
All this is good news for existing stock holders.
We're not dealing only with Rubicon's promise, we're dealing with the informal endorsement of CPPIB and Royal Gold because neither of them would reduce or amend their cash investment in Rubicon for a stake in the company shares if they didn't have faith that there is gold to be mined and that Rubicon can pull it out.
Nor would they reduce or amend their cash investment in Rubicon if they thought the company couldn't make good on its initial promise to them without a little easement.
That Rubicon didn't throw in the towel and reorganize also shows a regard to some degree, for its initial investors.
For what it's worth, I currently have enough faith in the company management and their field ops to deliver on their initial promise of production and baring market interference (gold pricing) I believe firmly that Rubicon will deliver.
I'll hold their stock and possibly even buy more.
BUT... That's my OPINION and I've been wrong before.
Huh? "We are praying for failure".
What did you do? Short the stock?
Why else would you "pray for failure"?
mining deals can fall through, just like walking down icy sloped sidewalks
we are praying for failure
Unless I misunderstood the legal mumbo-jumbo of the agreement...And that's still a good question.
There is (apparently) gold in the ground thy'er working but it's been too costly for Rubicon to mine on its own. Now that Royal Gold and CPPIB are partners in the company, Rubicon (RBYCF) should be coming out of this with increased value.
The only issue I see now is the current price of gold in relation to its cost to mine and process.
IMO
they're giving us 5%
Where'd you get that from?
The restructuring agreement I read says;
- - - - - - - - -
"Existing Equity:
The pre-Transaction holders of Rubicon Common Shares shall retain 5% of the equity of Rubicon upon implementation of the Plan (subject to dilution resulting from the issuance of any Rubicon Common Shares, options or other rights pursuant to the Management Incentive Plan, as contemplated herein)."
- - - - - - - - -
My interpretation here is merely that after the issuance of the additional shares to CPPIB (29% outstanding equity interest) and Royal Gold (6% OEI), existing share holders will be reduced to 5% OEI ownership in the company.
Rubicon will hold 60% OEI and unsecured creditors will lose some money in exchange for considerations listed in the agreement.
- - - - - - - - -
Issuance of Shares:
The issuance of new shares as set out in this Term Sheet...
The issuance of new shares as set out in this Term Sheet shall be subject to dilution resulting from the issuance of any Rubicon Common Shares...
- - - - - - - - -
I don't see anything in there about losing stock nor do I see anything in there about stock dissolution or a re-naming of the stock.
- - - - - - - - -
Listing and Trading:
Rubicon shall remain a public company following the implementation of the Plan and the Rubicon Common Shares shall be publicly listed for trading on the Toronto Stock Exchange (“TSX”) or the TSX Venture Exchange.
- - - - - - - - -
What I'm wondering about now is when the new stock values will kick in.
http://s1.q4cdn.com/385694504/files/docs/Restructuring-Term-Sheet.pdf
OTC trading quote shows .06 ask
am hoping the new deal does not fly..and fails like the p-d play
I don't even want 5%. I just want to forget I ever knew about this POS. Meanwhile the rest of the stock market is posting record highs and this SOB is dead in the water. Just terrific.
It's about damn time. After they've screwed all their shareholders over, they're giving us 5% as if it's such a big deal.
rbycf STIL SMELLS funny
was pointed out a few times --the royal gold and rubicon websites were similar, also RGL hit 103.00 then vanished, now they are lending money for a cousins recovery--= disfunctional as ole heck
another Denver ponzee
AM DOWN 100 PERCENT---it cant get much worse
Are these clowns ever gonna get out of limbo or what? It's bad enough they screwed us all over earlier in the year and now this just adds insult to injury.
PSY7 not to worry---OIL is down worse
than gold
What should normally be a good day for this means nothing because these knuckleheads are halted!
Well, I'm not ready to jump out the window just yet but I will be making some phone calls.
yup, in rubiconn's case, the cattle barrons
were selling/shorting/promoting 5 yrs ago
am wondering how many shares they bought back
They always say not to follow the herd in the stock market but in this case it would've been the smart thing to do. With all those people selling near the end, I should've joined them and saved a few bucks.
our money is in the Cayman Islands, and the GOLD
is in a Swiss ACCOUNT
PS the gold is red hot
Pretty soon people are gonna start wondering what happened to their money and they aren't gonna be too happy. All I can say is I hope those in management take care. Oh yeah, that's right, taking care of themselves is what they are best at, jerks.
definatly something smells besides fish in a barrel
wonder how much new exploration technology was used
here is a clip on whats in the yukon
Whoa there! Let's not answer all at one time! One at a time please.
Ok so stocks can only be halted for a maximum of 10 days, so what gives?
Yes, it's been halted. It would've been nice if management had given investors a heads up and been a little more up front with people that this was going to happen.
Halted everywhere that it was trading
Has trading been halted here?
Creditors have to respect a 'stay' period
NOV 19 and poss. later
The Initial Order provides
for, among other things, a stay of proceedings in respect of the Applicants until and including
November 19, 2016 (the “Stay Period”), which Stay Period may be extended by the Court from
time to time.
During the Stay Period, all parties are prohibited from commencing or continuing legal
actions against the Applicants
best place to look is the co. website
www.rubiconminerals.com
http://www.rubiconminerals.com
Ernst and Young are involved http://documentcentre.eycan.com/Pages/Main.aspx?SID=388
$45,000,000.00 - NEWS OUT - DROP YOUR SOCKS & GRAB YOUR COCKS. NEWS OUT-
Good things come to those who wait. This wasn't true for all those people who were patient with this thing now was it?
just heard of a big holder that got out
when the bidding was reduced,
likely they had enough insiders shares to do the re-org without asking sharecroppers
they will get a 600 plus million mine for paying debt of less than 200 million
IMHO i will take a small loss
the two banks got 90 percent equity
rest of shareholders get a shaft of 5 percent
CCAC 500 page of fluff has wording too complicated for average lawyer
long term goals are --
Production Expansion
Seller shall use
its commercially reasonable efforts to
(i) obtain all Approvals from Authorities to
expand production of the Project to 2,250 tonnes per day by January 1, 2018 and (ii) expand
production of the Project to 2,250 tonnes per day
by January 1, 2022.
News out.
See website. WWW.rubiconminerals.com
Halt—Foreign Market/Regulatory
Trading is halted because the OTC Equity Security or the security underlying an ADR that is an OTC Equity Security (OTC ADR) is listed on or registered with a foreign securities exchange or market, and the foreign securities exchange, market or regulatory authority overseeing such issuer, exchange or market has halted trading in such security for regulatory reasons because of public interest concerns.
saw somewhere it was rated a buy
Seriously, isn't it a little late to be selling guys?
With all the crap going on in the world, and these idiots are selling gold, amazing!
a reverse like Vancouver house prices up, Gold down
nobody cares; just us chicken pluckers
Wow, this message board is almost as dead as this stock!
I hope they at least let it go up a little first before they start with that bs.
You very well could be right.
At this stage if I had a choice, I would rather be diluted, but who knows.
The wind is blowing in the right direction. Getting reversed would hurt, but down the road a forward can arise. Pure speculation in my part.
For now we can thank Yellen until further notice.
http://www.mining.com/fed-induced-gold-price-rally-building/
Yeah, that sounds about right. Wouldn't you think this would be up on a day that gold is up? No, not this POS.
More likely that a vote coming for a reverse and or increase of the authorize shares issued
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Rubicon Minerals Corporation is a well-funded, leading gold exploration company deriving its strength from a hands-on management team with a track record of discovery. Rubicon's focus is in highly prospective gold producing areas of North America. It owns over 65,000 acres of prime exploration ground in the prolific Red Lake gold camp of Ontario, Canada, which hosts Goldcorp's high-grade, world class Red Lake Mine. At its flagship property, the 100%-controlled Phoenix Gold Project, located in the heart of this producing camp, Rubicon has made a significant high-grade discovery which is aggressively being advanced with an 240,000 meter drill program. Through a transaction completed in May, 2007 with former Goldcorp Inc. Chairman and CEO, Rob McEwen, Rubicon acquired 380,800 acres of prospective exploration ground in Alaska in the area of the 5.6 million ounce Pogo deposit, as well as a 225,000 acre land package in northeast Nevada .
With an exceptional technical team, outstanding assets, a focus on gold camps in politically safe environments and a high profile in the capital markets, Rubicon Minerals has gained the reputation as a leading junior exploration company.
A significant high-grade gold discovery at the F2 Zone. The Phoenix Gold Project is 100% controlled by Rubicon in the heart of the Red Lake, Ontario gold district, home to Goldcorp’s Cambell Red Lake Mine. READ MORE...
Corporate Link to Investor InfoManagement, Filings, Share Structure and Directory Including the Transfer Agent | Link to All the ProjectsRed Lake, Alaska, Nevada and the English Royalty Division and its' History | |
http://www.rubiconminerals.com/Corporate/Overview/default.aspx | http://www.rubiconminerals.com/Projects/Red-Lake/default.aspx |
Investors LinkIncluding Financial Statements | News ArchiveIncluding Presentations | |
http://www.rubiconminerals.com/Investors/Stock-Quote/default.aspx | http://www.rubiconminerals.com/News/News/default.aspx |
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