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Breaking: California voters approve ballot measure to legalize recreational marijuana - AP
Timmins Gold to release 2Q 2016 results 8-12-16
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 25, 2016) - Timmins Gold Corp. (TMM.TO) (NYSE MKT:TGD) plans to release its second quarter 2016 financial statements prior to the market open on August 12, 2016 followed by a conference call to discuss the results at 11:00 am (ET).
Production of 25,863 gold ounces for Q2!
Highlights of production report:
1.) The Company achieved production of 25,863 gold ounces for the quarter. (Silver produced 14,884 oz.)
2.) Realized Gold Price $1,232 (Q2) v. $1,161 (Q1)
3.) Gold ounces produced this quarter increased by 13% over the same period last year. Production for the quarter exceeded expectation due to the pit yielding more tonnes at a higher grade with a lower strip ratio than plan.
4.) The Company is evaluating various mine plans for the continuation of operations beyond 2016," stated Mark Backens, Interim CEO. "Given the current gold price the prospects to extend mine life at acceptable operating margins at San Francisco are good."
5.) During the quarter the Company successfully repaid its secured debt to creditors Sprott Resource Lending Partnership and Goldcorp Inc. for $10.2 million and to the Lundin Group for C$2.0 million and thereby removing all security on our assets."
GLTA.
Production report due on or about Tuesday, 7/12. After the last one in April pps spiked 36 percent in a few days! Let's hope results are at least about what they were in April. Should also be hearing about closing on Caballo, which was supposed to be July 7. Proceeds will apply to Q2 results due next month. GLTA!
Banro reports Q3 EBITDA grew 46% YoY at Briefing.com Thu 2:26am
Excavator availability improved in September with the commissioning of the first component of the larger mining fleet. This will significantly improve waste removal activities. The commissioning process of the CAT 777s has commenced, which will occur in phases throughout November following the completion of the onsite assembly process. The full commissioning of the larger mining fleet along with the continued support from the pre-existing mining fleet is expected to significantly improve mining productivity levels. With increasing ore availability at Namoya, stacking levels and grades are expected to increase to commercial production levels in the fourth quarter of 2015.
During the third quarter of 2015, Namoya's ramp up towards commercial production progressed with stacking levels averaging 149,000 tonnes per month for a total of 446,653 tonnes for the quarter. This represents a 35% increase in ore stacked over the second quarter of 2015. Ore stacked was below the design rate of 190,000 tonnes per month due to low excavator availability.
Someone trying to hold back the inevitable selloff from dilution.
Net Income $73,000 for First Quarter ?????
RIPOFF REPORT: LIG Assets and FELON Kyle Rowe
In 2010 LIG Assets filed to go public through a deal orchestrated by Kyle Rowe...aka Marvin K. Rowe...barred stock exec and convicted felon through his company GoingPublicPros. Rowe and associates were to receive MILLIONS of shares of LIGA stock for their "services" ....
see RIPOFF REPORT, Kyle Rowe, Marvin K. Rowe .
CRASH !!!!!!
I crashed the LIGA, but i did not kill the deputy....
WAS .... The gig is up .... LMFAO!!!!
Terry's Supermarket: Can of Beans $ .98 ....
That's more than 1000 shares of LIGA!
LMFAO !!!!
BTW: LIGA is at the Vegas CON Show because they owe TCA $500K!!!!
LMFAO!!!!
"Assets" $27 mil--Qtly Rev $75k ????
The rev is from pumping and dumping their own stock.
LMFAO!!!!
The "Conference" is another paid-for PR
CEO Jeff Love/LIG Assets operated Aquadora which ended in scandal.
Fraud charges were brought against two associates. Love managed to come off as their victim....See Ripoff Report.
LIG Assets is Registered in Nevada--Not Texas
"MoneyTV" was also paid PR
LIG Assets: Ripoff Report
This is a shell company and scam.
That is why you will never see audited financials for LIGA...because there aren't any verifiable assets. If you look into it you'll find the company was incorporated with assistance from a CA "firm" which has engaged in many questionable practices involving numerous other "shells."
BTW, THCB (aka SAMP), in which LIGA has acquired 'controlling interest' was taken to court for its questionable business practices. That "CEO" Jeff Love has had established dealings with THCB really tells what kind of businessman he is and what kind of "business" he is operating.
GLTA....
PWAV must declare in court their intention to reorganize or sell assets today.
Also, they may seek more funds for continued operations 2/22, Friday.
Volume Surge - Big Move Coming Next Week
Nearly one million shares traded. Highest volume in two weeks. PWAV must declare in court their intention to reorganize or sell assets Tuesday....
IMO, Gores Group has taken the lead in salvaging the company's assets out of Chapter 11 - preserving the interests of Clear Lake, Empire, Deutsche Bank, and their own - and will resurrect the assets (likely later sell them at profit) as a profitable company.....
But, unfortunately, at the expense of common shareholders....
Silver Lake, Empire Financial, Deutsche Bank Reveal 80 Percent Combined Interest in PWAV in SEC Filings
add Gore Group's financial involvement (which offered in excess of $150 million in loans and guarantees in September) and the list of corporate interest is impressive.....
Empire Capital Management Reveals 29.4 Percent Interest in PWAV
Amended Statement of Ownership (sc 13g/a)
Date: 02/14/2013 @ 4:38PM
Source: Edgar (US Regulatory)
December 31, 2012 - Date of Event Which Requires Filing of this Statement
RE: Sign in sheet for the 1/31 Hearing
This is a very interesting audience. Thank you.
First, I must clarify my earlier statement regarding Silver Lake's current interest in PWAV to note they received warrant interests as "payment in kind."
But most interesting, in reviewing PWAV's credit agreement with Gore Group, it contains these provisions which would become effective should PWAV fail to maintain any of numerous covenents detailed in the credit agreement:
" Pursuant to the terms of the Security Agreement, the Company (i) granted to the Agent, on behalf of the Lenders, a first priority perfected security interest in substantially all of its assets, including all of its intellectual property rights; and (ii) pledged and delivered possession of all of the equity securities held by the Company of certain of its domestic subsidiaries and 66% of the equity securities of certain of its foreign subsidiaries held by the Company.
" The Security Agreement further provides that, amongst other things, upon the occurrence and during the continuance of an Event of Default (as defined therein), the Agent will become entitled to (i) take possession of and to sell the assets of the Company in order to recover the amounts due to the Lenders under the Credit Agreement and any other amounts, fees or payments that may be due and payable to the Lenders under the Credit Agreement or any related documents; and (ii) transfer the pledged securities into its name, to vote those securities and, subject to applicable securities laws, to sell those securities in order to recover amounts owed to it by the Company under the Credit Agreement.
" Furthermore, the Company and the Agent entered into a customary Copyright Security Agreement, Patent Security Agreement and Trademark Security Agreement, in substantially the forms attached to the Security Agreement. "
Current report filing (8-K)
Date : 09/12/2012 @ 9:15AM
Source : Edgar (US Regulatory)
Sounds as if Gore Group got "first priority" legal rights to the company's assets for $50 million, doesn't it?
RE: CASE INFORMATION - COURT DOCS
Thank you for the link.
I agree with you that even large entities take losses and that shareholders hold on to the hope that because big players are involved there is hope.
But the timing of Gore Group and Silver Lake involvement is, indeed, curious to me.
We have details and timing of Gore Group funding, but not so with Silver Lake. I'm surmising that since they noted becoming beneficial owners as of 12/31/12, they had recently provided some financial consideration to PWAV for which they received payment "in kind" in the form of shares.
In this apparent end-stage of PWAV's operation, they appear to be attempting to delay the inevitable. However, based on Gore Group and Silver Lake individual track records, I see them well aware of what they were getting into when they engaged with PWAV; and, further, that they saw a profitable outcome for their respective interests. PWAV common shareholders will not likely see a profitable outcome; but I believe we will see profitable outcomes for both Gore Group and Silver Lake, indeed.
BTW, are you aware of any connection between Gore Group and Silver Lake? That would be an interesting item....
Silver Lake Reveals 30.8 Percent Ownership in PWAV
Amended Statement of Ownership (sc 13g/a)
Date : 02/08/2013 @ 1:50PM
Source : Edgar (US Regulatory)
Interesting to see how Gores Group AND Silver Lake (both shrewd, profitable global players in high-profile buyouts/acquisitions) is emerging in the PWAV story...(Silver Lake is a partner in the buyout to take Dell Computer private).
Will they strike a deal and take over--leading a reorganized company out of Chapter 11? Or will they purchase the company's assets in bankruptcy?
PWAVQ must declare their intentions in court on Feb. 19, 2012....
VOLUME???
Does anyone have any idea what's going on here? From nearly a million or more shares daily down to 81,800???
Powerwave and Gores Group Reach Deal on Cash
Date : 01/31/2013 @ 4:44PM
Source : Dow Jones News
As part of the deal, Powerwave will maintain the right to try to recover the $5 million Gores Group pulled from its account.... In addition, Powerwave must notify the court and creditors in the case by Feb. 19 whether it plans to sell its business in Chapter 11 or whether it will reorganize without a sale process.
Powerwave bankruptcy attorney Mark Thomas of Proskauer Rose LLP said during the hearing that "there have been many incoming calls" from interested strategic buyers, including competitors and other publicly traded companies."
Hopes of survival depend on cashing in on the company's patent portfolio, according to papers filed by Chief Executive Ronald Buschur. Mr. Thomas called Powerwave's 243 U.S. patents and 517 foreign patents the "key asset in the estate."
LNET Obtains Extension on its Forbearance Agreement with Lenders - Reuters (Fri 4:50PM EST)
"The company has received an extension on its
forbearance agreement with its secured lenders who have
agreed to accept these payments in kind and not to accelerate their claims until Feb. 5, 2013." (Reuters, Fri 4:50PM EST)
ALSO
"LodgeNet and the Colony Syndicate have agreed to implement this transaction via an expedited Chapter 11 proceeding which would commence once the requisite consents of its lenders have been obtained."
"In order to provide LodgeNet time to solicit votes on the proposed Chapter 11 plan, DIRECTV, HBO and the steering committee of lenders have agreed to extensions of their existing forbearance agreements."
"Closing of the transaction is subject to various closing conditions, including Bankruptcy Court confirmation of a Chapter 11 Plan. Accordingly, no assurances can be given that the transaction will be consummated." (PR Newswire - Dec. 31, 2012, 9:00 AM EST)
So, the question is "How long will it take LNET to secure the necessary lender votes?" Sometime between now and Feb. 5th....