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Awesome, best of luck to you too!! Our time has come ;)
~ RTRAF = .558 +.0726 (+14.97%)HOD..so..farRr!
Romarco's Haile Receives Mine Operating~Permit!!
7:30 AM ET 11/7/14 | PR Newswire
ROMARCO MINERALS INC.(OTC Pink Current Information: RTRAF) (TSX: R) (the "Company") is pleased to announce the South Carolina Department of Health and Environmental Control ("SCDHEC") has mailed notice that it has issued the Mine Operating Permit for the Company's 100%-owned Haile Gold Mine project ("Haile"). The Mine Operating Permit is the final major permit required for Haile.
The Mine Operating Permit is required to allow Haile to conduct mining, milling and reclamation activities at the project. Under the permit, SCDHEC requires controls for safety and environmental protection, with monitoring and reporting during operations. Before the start of mining activities the Company will provide a bond of approximately $30 million for reclaiming and restoring the land when mining ceases. The permit requires that additional security of approximately $30 million be provided over the life of the mine for a total financial security commitment of $60 million.
Diane Garrett, President and CEO commented: "The Mine Operating Permit is the final environmental permit required for the Haile project to commence mining operations, and we are extremely excited to have all necessary permits to break ground."
Unless there is a written request to the SCDHEC Board for review the proposed Mine Operating Permit becomes effective November 21, 2014.
About Romarco Minerals Inc.
Romarco Minerals Inc. is a gold development company focused on production primarily in the US. The Company has completed a positive Feasibility Study and has received all major permits for its flagship project, the Haile Gold Mine in South Carolina.
SOURCE ROMARCO MINERALS INC.
___________
As always,, the above Post is "Just My Opinion!"
2 years for me! I did well on the .33 to .89 run, but have grabbed more in the .50 range. This one should do well for a long time to come, now that the future uncertainty is gone and gold is on the rise. Best of luck to you!
Let's hope so, I've been in this stock for 3 years now, and other than the performance of the share price, I am extremly pleased with the performance of the managment team. Nice action for gold this morning too so that should help with the share price today....
This has been a long process, but the wait is over!! The timing couldn't be better, with gold expected to rise in coming months...
Romarco's Haile receives mine operating permit
Nov 07, 2014 07:30:00 (ET)
TORONTO, Nov. 7, 2014 /PRNewswire/ - ROMARCO MINERALS INC. (TSX: R) (the "Company") is pleased to announce the South Carolina Department of Health and Environmental Control ("SCDHEC") has mailed notice that it has issued the Mine Operating Permit for the Company's 100%-owned Haile Gold Mine project ("Haile"). The Mine Operating Permit is the final major permit required for Haile.
The Mine Operating Permit is required to allow Haile to conduct mining, milling and reclamation activities at the project. Under the permit, SCDHEC requires controls for safety and environmental protection, with monitoring and reporting during operations. Before the start of mining activities the Company will provide a bond of approximately $30 million for reclaiming and restoring the land when mining ceases. The permit requires that additional security of approximately $30 million be provided over the life of the mine for a total financial security commitment of $60 million.
Diane Garrett, President and CEO commented: "The Mine Operating Permit is the final environmental permit required for the Haile project to commence mining operations, and we are extremely excited to have all necessary permits to break ground."
Unless there is a written request to the SCDHEC Board for review the proposed Mine Operating Permit becomes effective November 21, 2014.
About Romarco Minerals Inc.
Romarco Minerals Inc. is a gold development company focused on production primarily in the US. The Company has completed a positive Feasibility Study and has received all major permits for its flagship project, the Haile Gold Mine in South Carolina.
SOURCE ROMARCO MINERALS INC.
Great news, mining permit issuance confirmed!!! Just received an alert from RBC, now let's see how the market reacts....
Am I reading this article properly, mining permit issued as of wednesday???
http://www.thestate.com/2014/11/06/3796475/sc-leaders-pleased-as-gold-mine.html
$RTRAF Romarco Minerals Articles.."It's no secret that South Carolina is blessed with natural resources, and Romarco Minerals' decision to expand their operations at the old Haile Gold Mine is an example of the positive impact those resources can have on our economy," says S.C. Gov. Nikki Haley in a prepared statement.
http://www.bizjournals.com/charlotte/blog/outside_the_loop/2014/11/romarco-set-to-start-mining-gold-with-353m.html
The News - Era - November 4, 2014
http://kershawnewsera.com/editionviewer/?Edition=e3751138-ef27-4a53-a694-8c20b43fc76c&Section=0
thanks bro ,RTRAF on watch ~
~ RTRAF = Romarco executes commitment letter for~US$200~million,, no hedge project finance facility!!
5:58 PM ET 11/3/14 | PR Newswire
ROMARCO MINERALS INC. (TSX: R) (OTC Pink Current Information: RTRAF) (the "Company") is pleased to announce the signing of a binding commitment letter with Caterpillar Financial Services Corporation, Macquarie Bank Limited and Societe Generale Corporate & Investment Banking (together the "Lenders") in connection with a US$200 million, 8.5-year senior secured project finance facility (the "Project Facility") for the development of the Haile Gold Mine project ("Haile") in South Carolina. Highlights of the commitment include:
-- $200 million debt facility
-- No mandatory gold hedging
-- Interest rate of LIBOR plus 3.75% to 4.25%
-- Secured by assets of Haile Gold Mine Inc. without recourse to the parent after completion
-- 8.5-year tenor
Diane R. Garrett, President & CEO commented: "We are pleased that the commitment is in line with the project financing mandate agreement of US$200 million with no gold hedging requirements. This speaks to the strong endorsement of three global mining lenders for the Haile project and the economic strength of the project. As one of the lowest cost, highest grade open pit gold mines in the industry, Haile sits at the top end of the quality spectrum of gold assets having a positive Feasibility Study at US$950 gold. Together with a long term, significant institutional shareholder base, Romarco is poised to deliver value through development of the Haile project. In contemplating the financing required, management is taking a pragmatic approach to a variety of alternatives and will work in the best interest of all shareholders, stakeholders and local community. Fortunately, the uniqueness of the Haile asset lends itself well to a variety of financing alternatives particularly in the current unpredictable state of the gold market. The Company has also built flexibility into its schedule, such as extending the agreement to purchase the Caterpillar equipment into March 2015, and therefore is able to select the appropriate financing structure at the appropriate time. We are disappointed the stock is not fully reflecting the value of the Haile asset after achieving the recent and significant permitting milestones - until such time as market conditions substantially improve, the Company will take advantage of the flexibility built into the schedule before proceeding with a dilutive financing."
The commitment is valid for 120 days to reach closing and confirms that each Lender has committed to provide one third of the Project Facility, with an option to syndicate following closing. The term sheet includes customary project finance terms and conditions for fees and conditions to closing and remains subject to execution of definitive loan documentation. The Company has begun final documentation and the highlighted conditions include:
-- Under the current project finance debt structure total remaining funding would be US$255 million, including US$30 million for a cost overrun facility, US$20 million for debt service reserve requirements, and approximately $20 million for interest and fees during construction
-- Receipt of all environment permits and regulatory approvals for Haile, which are anticipated during the fourth quarter of 2014
The Company's most recent funding estimate to complete the Haile Gold Mine project is approximately $385 million, including initial mine project capital, wetlands mitigation, reclamation bonding, and working capital, and other start-up costs. The total funding estimate with project debt is approximately $455 million including the cost over run, debt service facility and financing fees and expenses. The Company is continuing to evaluate alternatives that may lower the overall funding requirement including other facilities, equipment lease agreements, and surety bonding, among other things.
The Company is being advised by Cutfield Freeman & Co Ltd (Financial Adviser) and Shearman & Sterling LLP (Project Finance Counsel). The Lenders are being advised by Allen & Overy LLP (Lenders' Counsel).
About Romarco Minerals Inc.
Romarco Minerals Inc. is a gold development company focused on production primarily in the US. The Company has completed a positive Feasibility study and is continuing permitting for its flagship project, the Haile Gold Mine in South Carolina.
SOURCE ROMARCO MINERALS INC.
___________
As always,, the above Post is "Just My Opinion!"
Romarco signs commitment letter for financing.
http://www.romarco.com/m/#/Press_Releases/5538d604-a681-4753-a466-9adccb29cf25
All in cost 750 per Oz.
$RTRAF..Yesterday Romarco Minerals CEO Diane Garrett interviewed on BNN
Here's a link Starts at the 12.03 minute mark.
http://www.bnn.ca/Video/player.aspx?vid=474870
WHere is the support ..looks like .35 is a comming just sad ..LOng time holders get no rewards
Agreed, the next few days will be testing my nerves!!
RTRAF MD&A filing gave some more clarity of What happens next here' a link to the Oct 29, MD&A filing
http://sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00002257
I'm even more confused about what's happening now. I know investors are worried about equity dilution as part of financing, but this was known before issuance of the 404 permit, so why is this stock getting bashed on such positive news????
Yup, been in this stock for over 2 years, definitely frustrating. Also, definitely a good opportunity to add to your exisitng position too ;)
USACE PR..Haile Gold Mine Project Issued Permit
Posted 10/28/2014
Release no. 14-1003
Contact
Sean McBride
843-329-8103
sean.o.mcbride@usace.army.mil
Charleston, S.C. – Today, the U.S. Army Corps of Engineers, Charleston District announces the release of the Record of Decision and issued a permit with conditions for the proposed Haile Gold Mine project near Kershaw, S.C. in Lancaster County. The proposed Haile Gold Mine project is to reactivate the existing gold mine, expand the area for open pit mining and construct associated facilities.
The permit decision follows a three-year environmental study and project review which included detailed data collection and mathematical modeling of predicted groundwater drawdown and associated effects on wetlands and streams in the project area as mine pits are excavated and dewatered during mining.
“Issuing the permit for the Haile Gold Mine project is the culmination of a long process,” said Lt. Col. John Litz, district commander. “We’ve received a lot of public and agency participation along the way, and believe that helped us to make the right decision for this project by balancing the economic needs of the area with the environmental responsibility of being the nation’s environmental engineer.”
Compensatory mitigation for direct fill impacts to 120 acres of wetlands and 26,460 feet of streams was accomplished by reviewing and accepting the applicant proposal to acquire and donate three ecologically significant tracts of high-quality wetland/stream ecosystems to the South Carolina Heritage Trust Program for perpetual long-term maintenance.
Cooperating agencies on the preparation of the Draft and Final EIS documents included U.S. Environmental Protection Agency, Catawba Indian Nation, and the South Carolina Department of Health and Environmental Control.
For more information on the Haile Gold Mine project, please visit www.hailegoldmineeis.com.
http://www.sac.usace.army.mil/Media/NewsReleases/tabid/5722/Article/528763/haile-gold-mine-project-issued-permit.aspx
The only reason I can think of for the pps drop is that the institutional investors are cashing in some while the news
Volume is here. I also don't think they will want to totally
kill it, so I expect we will move back up soon. All IMO.
I may take the opportunity to buy more if it keeps up
I do hate when this happens though, l do know how you feel.
It ain't the first time selling has occurred on good news.
This is ridiculous, can't believe how they keep getting away with this!
~ RTRAF = Of course the MM's have shorted the living snot outta Romarco,, so up until EOD they are Covering in both the US & Canada = "Drop before da POP!"
Check out the 10 Day Moving ave @ 500,000 on (TSX R) = 10x+ the normal shares Traded on R today so farRr @ 6,000,000++...lol
http://www.romarco.com/Investors/Stock-Quote/default.aspx
Volume before PPS!!
$RTRAF..Here's some photo Signing the permit..
404 Permit Signing
https://www.flickr.com/photos/55994565@N02/sets/72157646670971204/
I can confirm that as well, I just received a notification from RBC that trading has resumed, it's going to be a glorious morning!!!!!!
~ RTRAF = That only happened because such HUGE News was about to be released yesterday near EOD (End of Day). Trading will start as usual @ 9:30am
Do you know if the trading halt is still in effect? Last I checked, there was no trading resumption as of yet. Can't wait to see what the open will be like, been in this stock for over 2 years!!!!
http://iiroc.mediaroom.com/index.php?s=2429&item=143034
~ RTRAF = WEEEeeeeEEEEEEeee!, WeeEEEeeeEeee!, WeeEEEEeeeeEEEee!!..
YES, YES, YES!! We Hit da "Mother~lode!!!"
...as expressed in this Video!
terrycarter
~ RTRAF = ROMARCO'S HAILE GRANTED FEDERAL 404~PERMIT!!!....
10/27/2014
http://www.romarco.com/Newsroom/News-Releases/News-Releases-Details/2014/Romarcos-Haile-granted-federal-404-permit/default.aspx
TORONTO, Oct. 27, 2014 /CNW/ - ROMARCO MINERALS INC. (TSX: R) (the "Company") is pleased to announce the US Army Corps of Engineers ("Corps") has issued its Record of Decision ("ROD") and granted a permit under Section 404 of the Clean Water Act for the Company's 100%-owned Haile Gold Mine project ("Haile"), located in South Carolina, USA. The ROD explains the Corps' reasons in supporting the issuance of the 404 permit and the permit is immediately effective. The Corps does not have an administrative appeal process available for permit opponents after the issuance of the ROD and thus the Environmental Impact Statement ("EIS") process is officially complete. The 404 permit is the only required Federal environmental permit for Haile.
Diane Garrett , President & CEO stated: "We are exceedingly proud of the Haile project, which has satisfied all of the applicable federal environmental processes with the culmination of comprehensive environmental and technical studies and analyses. I want to recognize our team members who have worked diligently and cooperatively throughout the many stages of the permitting process. We have engaged and been transparent with the local community and all stakeholders since we arrived in South Carolina, and I want to personally thank everyone for their support of the project. We will continue to manage and operate Haile under the highest environmental standards."
Photos of the 404 permit signing will be available shortly at http://www.romarco.com.
About Romarco Minerals Inc.
Romarco Minerals Inc. is a gold development company focused on production primarily in the US. The Company has completed a positive Feasibility Study and is continuing permitting for its flagship project, the Haile Gold Mine in South Carolina.
SOURCE ROMARCO MINERALS INC.
please contact:
Romarco Minerals Inc.
Dan Symons, Vice President, Investor Relations
Phone: 416-367-5500
E-mail: dsymons@romarco.com
ROMARCO'S HAILE GRANTED FEDERAL 404 PERMIT..RTRAF
http://www.romarco.com/Newsroom/News-Releases/News-Releases-Details/2014/Romarcos-Haile-granted-federal-404-permit/default.aspx
Tommorrow is going to be a good day!!!!!
http://www.newswire.ca/en/story/1434737/romarco-s-haile-granted-federal-404-permit
$RTRAF..Romarco Minerals Inc. Oct. Fact Sheet...
http://www.romarco.com/files/doc_downloads/fact%20sheet/October-2014-Final-Fact-Sheet.pdf
$RTRAF..0.6598 ROMARCO REACHES AGREEMENT WITH CONSERVATION GROUPS FOR HAILE GOLD MINE
http://www.romarco.com/Newsroom/News-Releases/News-Releases-Details/2014/Romarco-reaches-agreement-with-conservation-groups-for-Haile-Gold-Mine/default.aspx
$RTRAF 0.577 ROMARCO RECEIVES 401 WATER QUALITY CERTIFICATION FOR HAILE AND PROVIDES PROJECT FINANCING UPDATE
http://www.romarco.com/Newsroom/News-Releases/News-Releases-Details/2014/Romarco-receives-401-Water-Quality-Certification-for-Haile-and-provides-project-financing-update/default.aspx
http://www.romarco.com/
http://www.hailegoldmine.com/
http://www.denvergold.org/company-profile/R:CN
http://www.denvergoldforum.org/dgf14/company-webcast/R:CN
http://www.goldsilverdata.com/company/402-Romarco-Minerals-Inc.html
$RTRAF @0.76 Latest Presentation Sept 5 2014 #Gold.....
Romarco Minerals Inc.
http://www.romarco.com/Investors/default.aspx
http://www.romarco.com/Newsroom/Corporate-Presentation/default.aspx
http://www.goldsilverdata.com/company/402-Romarco-Minerals-Inc.html
Haile Gold Mine
http://hailegoldmine.com/videos/default.aspx
http://www.hailegoldmineeis.com/
Canadian ticker (R).tsxv
Sedar filings
http://sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00002257&LanguageId=1
$RTRAF..picked up a few more @77s #Gold
http://www.romarco.com/Home/default.aspx
http://hailegoldmine.com/home/videos/
The Kershaw News..Romarco Minerals / USACE EIS...
http://kershawnewsera.com/4138/1568/1/this-weeks-issue
Also see article titled: Town move forward on study of old mill site
RTRAF..Romarco Minerals Q2 PR & SEDAR documents
http://www.romarco.com/Newsroom/News-Releases/News-Releases-Details/2014/Romarco-announces-2014-second-quarter-results/default.aspx
SEDAR Docs
http://sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00002257
$RTRAF..Romarco announces timing of Record of Decision
ROMARCO MINERALS INC. (TSX: R) (the "Company") is pleased to announce that following the posting of the Final Environmental Impact Statement on July 24, 2014 on the US Army Corps of Engineers ("Corps") website, www.hailegoldmineeis.com, the Corps has now informed the Company it will issue its Record of Decision ("ROD") on the 404 Wetlands permit application in November 2014. The 404 permit is the only Federal environmental permit required for the Haile Gold Mine.
Diane R. Garrett, President & CEO commented: "We are pleased that the Corps has announced its guidance on the timing of the ROD. The November timing falls within our planned schedule for funding and preparing for construction activities at the Haile Gold Mine. Based on our continued work with South Carolina Department of Health and Environmental Control ("DHEC"), we anticipate that the remaining State permits also will meet this schedule."
In 2013, the Company received four State permits - the National Pollutant Discharge Elimination System permit, Air Quality permit, Dam Safety permit, and Stormwater Construction permit. The State permits or authorizations remaining for the Haile project include, among others, the State Mine Operating permit, and 401 Water Quality Certification. A list of other required permits is included in the Company's National Instrument 43-101 compliant technical report filed on SEDAR on March 19, 2012.
About Romarco Minerals Inc.
Romarco Minerals Inc. is a gold development company focused on production primarily in the US. The Company has completed a positive Feasibility study and is continuing permitting for its flagship project, the Haile Gold Mine in South Carolina.
SOURCE ROMARCO MINERALS INC.
Read more at http://www.stockhouse.com/news/press-releases/2014/07/28/romarco-announces-timing-of-record-of-decision#OvOBvFrszYF73G4L.99
http://www.romarco.com/Home/default.aspx
The decision on the wetlands permit is scheduled for November.
Final EIS approval due today or tomorrow. Big moves if/when Corps permit is approved. Hoping for today !
crow it went above .8 but with any weak gold it drops back...
I'm liking the way this is looking... Looking for a break out over .80
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