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Canadian Cannabis stocks under pressure EXP-etc ... update : +etc : 10d / Last: C$0.15, WEED: $0.00, FIRE: $0.90 Weed stocks plummet after Canadian cannabis company Hexo https://markets.businessinsider.com › News › Stock News 4 days ago - Weed stocks fell on Thursday after Hexo, a Canadian cannabis company, + withdrew its full-year revenue guidance at an investor event Thursday, citing market uncertainty. Shares of Hexo fell as much as 26% on the news. The stocks of Tilray (TLRY), Aurora Cannabis (ACB.t), Canopy Growth (CGC), and Cronos (CRON) also slipped. The weed industry is facing increased uncertainty and the environment will likely continue to be difficult, according to W. Andrew Carter, an analyst at Stifel.

FIRE dropped in price. Cv.Debs too FIRE ... all-data / Last: C$0.90 - 0.01 FIRE.DB ... Last : $76 == Risk ——: UnderV / Company -------- : Coupon : Maturity : Db.Price: Y.T.M. Mod. : AD.DB : 9.53% / Alaris Royalty------: 5.50% : 30-Jun-24 : $ 95.75 : 6.54%: Spec. FIRE.DB : 23.6% / SupremeCannabis 6.00% : 19-Oct-21 : $ 85.00 : 14.4% JE.DB.D : 45.2% / Just Energy----------: 6.75% : 31-Mar-23 : $ 67.50 : 19.8% SUPREME CANNABIS ANNOUNCES Q4 AND 2019 FISCAL YEAR END FINANCIAL RESULTS The Supreme Cannabis Company Inc. has released its financial and operating results for the fourth quarter and fiscal year ended June 30, 2019. "We end fiscal 2019 as one of the few Canadian cannabis businesses building sustainable operations and valuable brands, reporting $3.2-million in adjusted EBITDA [net income (loss) excluding fair value changes on growth of biological assets, realized fair value changes on inventory sold or impaired, amortization of property, plant and equipment, and intangible assets, share-based payments, finance expense, loss on disposal of property, plant and equipment, unrealized gains or losses on investments, and income taxes] (1) for the fourth quarter," said Navdeep Dhaliwal, chief executive officer of Supreme Cannabis. "Our positive adjusted EBITDA and significant revenue growth in the fourth quarter reflects the rapid scale of our 7Acres business and continued strong sales pricing for our brands from the provinces as we transition our premium supply to recreational sales channels. "With strong confidence in our core business, we began fiscal 2020 with two accretive acquisitions that expanded our addressable markets, provided valuable licensed operating assets and focused expertise," Mr. Dhaliwal added. "As we integrate these businesses and realize further efficiencies from our scaled 7Acres operations, we expect all of our brands to meaningfully contribute to the revenue we have forecasted for fiscal 2020. Amidst the noise of this new marketplace, Supreme Cannabis has taken a strategic and disciplined approach to develop a focused business with clear pillars: best-in-class infrastructure, top consumer brands, advanced intellectual property, and high-impact and capital-light exposure to developing international markets." FOURTH QUARTER AND FISCAL YEAR-END SELECT FINANCIAL AND OPERATIONAL RESULTS ($ thousands) Three months ended Year ended June 30, 2019 June 30, 2018 June 30, 2019 June 30, 2018 Net revenue $19,005 $3,545 $41,833 $8,855 Operating expenses 11,564 5,114 38,713 15,866 Net (loss) after taxes (421) 234 (14,497) (7,347) Basic and diluted (loss) per common share (0.00) (0.00) (0.05) (0.03) Adjusted EBITDA (1) 3,195 (1,641) (4,452) (6,964) Brands Supreme Cannabis's core recreational flower brand, 7Acres, accounted for the company's marked increase in revenue, growing 443 per cent year over year from $3.5-million in fourth quarter 2018 to $19-million in fourth quarter 2019 and 90 per cent quarter over quarter from $10-million in third quarter 2019. Outlook Supreme Cannabis believes that the company is well positioned to take significant steps forward in fiscal 2020, including: Expected net revenue of between $150-million and $180-million; Expected positive adjusted EBITDA (1) on aggregate over the course of the year; 7Acres to complete its transition from a wholesale business to premium consumer brand by third quarter fiscal 2020, with complete in-house packaging capabilities for all flower products under the 7Acres brand; Pursuing non-dilutive financing with Tier 1 banks and other lenders to provide financial flexibility for future growth initiatives; Fully financed to execute on all planned initiatives. > https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aFIRE-2810691&symbol=FIRE&region=C

FIRE dropped in price. Cv.Debs too FIRE ... all-data / Last: C$0.90 - 0.01 FIRE.DB ... Last : $76 == Risk ——: UnderV / Company -------- : Coupon : Maturity : Db.Price: Y.T.M. Mod. : AD.DB : 9.53% / Alaris Royalty------: 5.50% : 30-Jun-24 : $ 95.75 : 6.54%: Spec. FIRE.DB : 23.6% / SupremeCannabis 6.00% : 19-Oct-21 : $ 85.00 : 14.4% JE.DB.D : 45.2% / Just Energy----------: 6.75% : 31-Mar-23 : $ 67.50 : 19.8% SUPREME CANNABIS ANNOUNCES Q4 AND 2019 FISCAL YEAR END FINANCIAL RESULTS The Supreme Cannabis Company Inc. has released its financial and operating results for the fourth quarter and fiscal year ended June 30, 2019. "We end fiscal 2019 as one of the few Canadian cannabis businesses building sustainable operations and valuable brands, reporting $3.2-million in adjusted EBITDA [net income (loss) excluding fair value changes on growth of biological assets, realized fair value changes on inventory sold or impaired, amortization of property, plant and equipment, and intangible assets, share-based payments, finance expense, loss on disposal of property, plant and equipment, unrealized gains or losses on investments, and income taxes] (1) for the fourth quarter," said Navdeep Dhaliwal, chief executive officer of Supreme Cannabis. "Our positive adjusted EBITDA and significant revenue growth in the fourth quarter reflects the rapid scale of our 7Acres business and continued strong sales pricing for our brands from the provinces as we transition our premium supply to recreational sales channels. "With strong confidence in our core business, we began fiscal 2020 with two accretive acquisitions that expanded our addressable markets, provided valuable licensed operating assets and focused expertise," Mr. Dhaliwal added. "As we integrate these businesses and realize further efficiencies from our scaled 7Acres operations, we expect all of our brands to meaningfully contribute to the revenue we have forecasted for fiscal 2020. Amidst the noise of this new marketplace, Supreme Cannabis has taken a strategic and disciplined approach to develop a focused business with clear pillars: best-in-class infrastructure, top consumer brands, advanced intellectual property, and high-impact and capital-light exposure to developing international markets." FOURTH QUARTER AND FISCAL YEAR-END SELECT FINANCIAL AND OPERATIONAL RESULTS ($ thousands) Three months ended Year ended June 30, 2019 June 30, 2018 June 30, 2019 June 30, 2018 Net revenue $19,005 $3,545 $41,833 $8,855 Operating expenses 11,564 5,114 38,713 15,866 Net (loss) after taxes (421) 234 (14,497) (7,347) Basic and diluted (loss) per common share (0.00) (0.00) (0.05) (0.03) Adjusted EBITDA (1) 3,195 (1,641) (4,452) (6,964) Brands Supreme Cannabis's core recreational flower brand, 7Acres, accounted for the company's marked increase in revenue, growing 443 per cent year over year from $3.5-million in fourth quarter 2018 to $19-million in fourth quarter 2019 and 90 per cent quarter over quarter from $10-million in third quarter 2019. Outlook Supreme Cannabis believes that the company is well positioned to take significant steps forward in fiscal 2020, including: Expected net revenue of between $150-million and $180-million; Expected positive adjusted EBITDA (1) on aggregate over the course of the year; 7Acres to complete its transition from a wholesale business to premium consumer brand by third quarter fiscal 2020, with complete in-house packaging capabilities for all flower products under the 7Acres brand; Pursuing non-dilutive financing with Tier 1 banks and other lenders to provide financial flexibility for future growth initiatives; Fully financed to execute on all planned initiatives. > https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aFIRE-2810691&symbol=FIRE&region=C

What have they got to Lose? SHOCK POLL: President Trump Gets Support From 32% of Black Male Voters Against Democrat Opponent

ROAD COMPLETIONS (in 2020) may show the power of Build Build Build Eight road projects in Luzon are expected to be completed in the next 12 months A Japan International Cooperation Agency (JICA) report released in 2012 indicated that the Philippines lost P2.4 billion a day due to traffic congestion in Metro Manila. Six years after, a study conducted by JICA said the number had gone up to P3.5 billion. Now, road usage in Metro Manila is at about 13.4 million trips per day and could go as high as 16.1 million in 17 years. Absent any infrastructure intervention, economic losses could also rise up to P5.4 billion in 2035. But in 2018, JICA Chief Representative to the Philippines Susumu Ito noted that with the Build Build Build program of the Duterte administration, the country could actually reverse the trend. Ito said the losses will be reduced to P3 billion with its completion and could go back to P2.4 billion with the opening of additional infrastructure projects. . . . Department of Public Works and Highways Secretary Mark Villar reported the completion of 9,845 kms of road, 2,709 bridges, 4,536 flood control projects, 82 evacuation centres, and 71,803 classrooms since June 2016. Metro Manila Master Plan When Secretary Mark Villar first laid out the plan for the Luzon Spine Expressway, an 888.26 km network of High-Standard Highways in Luzon — about twice the existing network of 382 km, the objective was to ensure every major city in Metro Manila is connected within a 20 to 30 minute timeframe and that travel time from Ilocos to Bicol is reduced by half from 19 hours and 40 minutes to 8 hours and 15 minutes. Skyway Stage 3 The Plaza Dilao Ramp of Skyway Stage 3, an 18.68-kilometer elevated expressway stretched over Metro Manila from Buendia, Makati City, to Balintawak, Quezon City, is already open to the public. When completed in its entirety, the project will reduce travel time from Buendia, Makati City to Balintawak, Quezon City, from the current two hours to just 15 to 20 minutes. The project which is expected to be substantially completed by 2019 will have eight access ramps/interchanges strategically located as follows: Buendia Avenue (South Super Highway, Makati City), Pres. Quirino Avenue (Malate, Manila), Plaza Dilao (Paco, Manila), Nagtahan/Aurora Boulevard (Manila), E. Rodriguez Avenue (Quezon City), Quezon Avenue (Quezon City), Sgt. Rivera St. (Quezon City), and NLEX. NLEX Harbor Spur Link The 2.6-km NLEX Harbor Spur Link, which connects to the existing 5.58-km NLEX Harbor Link connecting Karuhatan in Valenzuela City to C3 Road in Caloocan City is also about to be completed. The first truck-graded expressway is expected to reduce travel time from Port Area in Manila to Quezon City from 1.5 hours to only 10 mins. Tarlac – Pangasinan La Union Expressway The project, which was partially opened in December 2017, starts from Tarlac City and traverses Gerona in Tarlac, Rosales, Urdaneta, and Pozzorubio in Pangasinan and Rosario in La Union. When completed, it is expected to reduce travel time from Manila to La Union from 6 hours to only 3.5 hours. It is also expected to cut travel time from Tarlac to La Union from 3.5 hours to just an hour, benefitting an average of 20,000 vehicles per day. Central Luzon Link Expressway – Phase 1 The 30-km four-lane expressway will reduce travel time between Tarlac City and Cabanatuan City from 70 minutes to 20 minutes, decongesting traffic passing thru Daang Maharlika by about 48%. Mindanao Avenue Extension The 3.52 km highway traversing Mindanao Avenue Extension and Gen Luis Avenue in Caloocan is expected to significantly reduce travel time from Quezon City to Caloocan. Lawton Avenue Phase 1 of the road project will cover about 1.34 kilometer of the Lawton Avenue which has a total length of 3.54 kilometers that follows a part of the alignment of the old Nichols route running roughly southwest to northeast from the interchange of SLEX/Skyway to Fifth Avenue and Manila American Cemetery Memorial. C5 Southlink The first section of the Cavitex C5 Southlink — the 2.2-kilometer flyover crossing South Luzon Expressway (SLEX) traversing Taguig and Pasay City – has been opened this July. The construction of the next 2.1 km section between Merville and Sucat, Las Piñas City will soon start, and eventually connect to the Paranaque side of Cavitex by 2022. Katipunan Avenue Extension The Phase 1 of the 6.75 km road project traversing Katipunan Avenue to Batasan-San Mateo Road is expected to cut travel time from Katipunan to Commonwealth and Fairview by at least 20%. > https://news.mb.com.ph/2019/10/13/build-build-build-eight-road-projects-in-luzon-expected-to-be-completed-in-the-next-12-months/

TIME FRAME for Performance record? PSEI versus: RCI, ATN, & TBGI ... update / x Here's a Note from TS: "Just for the record, I hv not been talking about RCI ATN TBGI for a long time. You can check with their owners. I only looked at their stocks and started buying for RCI jul 2018 and ATN 21 sep 2017 and TBGI Dec 2017. As you can see, all of them were at their low points. When there is an opportunity for you to meet them, do verify the above. Those initial buys of mine for these three stocks were messaged in whatsapp to my whatsapp list. So all that is documented. And one can see the rise of those stocks from those buy points. Needless to say, such significant rise will result in corrections. We all know that." / 2 / "It is nice to see RCI rise then from 1.80ish to 3.00 then fall as a buyout deal was not approved by govt. But to fall as low as 1.30 was a beauty because it was weak hands that were selling. That was why I had on record the "1.30-1.35" buy

3A PORTFOLIO TRACK RECORD: No Outperformance (yet), if no active management. In testing this approach, I think it will be useful to maintain some careful historical records It is a reporting burden, but will help to build confidence in the approach. Starting point: Allocate P10,000 to each of the three stocks, at end Dec. 2018. 3A PORTFOLIO Performance, to end Sep. 2019: - 14.3% Mo. : RCI : ------ / ATN : ----- / TBGI : ------ / +Ave% ====: #shs : value/ #shs: value/ #shs : value / TotVal. : ye'16: 2.20 : -------- / 0.31 : ------- / P1.89 : -------- / 56.2k ye’17: 2.55 : -------- / 0.41 : ------- / P2.70 : -------- / 77.1k ye'18: 1.98 : ------/ 1.42 : ----- / 0.440 : ------ / —— : 5,051: 10.0k/7,042: 10.0k/22,727: 10.0k/ 30.0k: Start July: P1.49 : ------- / 1.28 : -------- / 0.355 : --------- / Aug: P1.62 : ------- / 1.28 : -------- / 0.370 : --------- / —— : 5,051: 8.18k/ 7,042: 9.01k/ 22,727: 8.41k / 25.6k: -14.7% Sep: P1.97 : -------- / 1.18 : -------- / 0.325 : --------- / —— : 5,051: 9.95k/ 7,042: 8.31k/ 22,727: 7.39k / 25.7k: -14.3% wk1: P2.00 : ------- / 1.14 : -------- / 0.320 : ---------- / OVERALL : There is NO evidence of OUTPERFORMANCE YET in these stocks, Since from ye'2018 (7,462.02) the PSEI rose by +5.2%, to 7,849.94 at 9.30.2019 Thus, the 3A Portfolio underperformed over that period by about 20% Having said that, TS made some good suggests about timing buys & sells, Especially on RCI, which has risen from P1.49 end July, and P1.62 end Aug, to P2.00 WHAT IS MISSING from this? The decision OVERLAY: Buy and Sell points, as may have been suggested by TS. I am looking for a way to incorporate that into a historical track record.

Stocks Jump Higher on Report of a Partial China Trade Deal

J.P Morgan Warns About The “State” of the American Consumer

They reduced debt and brought in new management Could be interesting. Any thoughts? NOR / Nordic Gold ... update : 4yr : $0,.035 > $0.05 Nordic Gold Inc.is a junior mining company with a near production goldmine in Finland. The Laiva Gold Mine is fully built, fully permitted and was previously financed to production via a gold forward sale agreement provided by Pandion Mine Finance. The Laiva Gold Mine is currently not in production and is on ‘care and maintenance’. Nordic Gold October 2019 Letter To Shareholders The Path To Production October 10, 2019 - Nordic Gold Inc. (TSXV:NOR) ("Nordic" or the "Company") - Brian Wesson releases the following letter on behalf of the Board of Directors. Dear Shareholders, I would like to take this opportunity to introduce myself, provide a corporate update and outline the immediate path forward for the Company. Lionsbridge Capital Pty Ltd. (Lionsbridge) has undertaken a comprehensive review of the Company with a view to understanding the issues of the past and how best to unlock shareholder value. The review included extensive work in advance of taking over management of Nordic, and a more comprehensive review since assuming management of your Company in July 2019. From our work to date, it is evident to Lionsbridge that the Laiva Gold Mine holds significant potential that was not able to be realized by previous operators due to a lack of experience in mining this type of asset, beginning mining without requisite knowledge and expertise and, as a result, pursuing unsustainable debt arrangements. The challenges facing the Company, we believe, can be overcome by a management team with extensive mining experience, specifically in assets of this type, with a focus on planning, to ensure the mine is returned to production when the asset is able to sustain the grade and tonnage required. The Laiva Mine, we believe, is a unique asset, with significant funds spent on two open pits and a state of the art processing facility all located in one of the world's best mining jurisdictions. We were honoured to be able to take over management Nordic in July and are excited by the prospect of growing the Company and creating shareholder value. Click to view full announcement

Stock Offering - good for the price of Cnv, Debt > up to 80.00 now DHX.db ... update : 2019-10-09 16:34 C:DHX 2.22 News Release DHX Media arranges $60-million rights offering DHX MEDIA LTD. (DBA WILDBRAIN) ANNOUNCES C$60 MILLION RIGHTS OFFERING DHX Media Ltd. (doing business as WildBrain) is offering rights to eligible holders of its common voting shares and variable voting shares of record at the close of business on Oct. 18, 2019. Pursuant to the rights offering, each holder of voting shares will receive one right for each voting share held. Every 3.757635354 rights will entitle the holder to subscribe for one whole voting share of the company at a price of $1.67 per voting share. The company has entered into a standby purchase agreement with Fine Capital Partners LP as investment manager on behalf of certain of the funds it manages whereby Fine Capital has agreed to acquire any voting shares that are not taken up by holders of rights, so that a total of 35,928,144 voting shares will be issued under the rights offering. Pursuant to the standby purchase agreement, and in consideration solely for the standby commitment, the company has agreed to pay to Fine Capital a fee equal to $1.5-million. The standby fee will be paid in cash upon the completion of the rights offering. WildBrain expects to raise gross proceeds of $60-million from the rights offering and intends to use $50-million of the proceeds to reduce the company's term loan and the remaining $10-million less offering expenses for general working capital purposes. As a result of this debt repayment, the company's net leverage ratio (1) as at June 30, 2019, would be reduced from 5.92 times to approximately 5.40 times on a pro forma basis. The rights will trade on the Toronto Stock Exchange under the symbol DHX.RT commencing on Oct. 17, 2019, and will cease trading at 12 p.m. Toronto time on Nov. 15, 2019. The ex rights trading date for the voting shares on the Toronto Stock Exchange will be Oct. 17, 2019.

The developed world is on the brink of a financial, economic, social and political crisis

(I have been following MUR, and buy calls when it is cheap for a long time...) Posted February 12, 2016: MUR looks like it may be at or near key very long term support : $12-15 ... update Earnings were negative, but better than expected Analyzing Murphy Oil’s 4Q15 Earnings Performance / By Nicholas Chapman • Jan 29, 2016 Murphy Oil’s 4Q15 earnings beat estimates Murphy Oil (MUR) announced its 4Q15 earnings on January 27, 2016. MUR reported an adjusted loss of $0.76 per share, $0.55 better than the Wall Street analyst consensus for a loss of $1.31 per share. MUR’s 4Q15 earnings are lower by $1.15 per share when compared with its 4Q14 profit of $0.39 per share. Even when compared sequentially with 3Q15, MUR’s 4Q15 earnings are lower by $0.04 per share. Enlarge Graph MUR’s 4Q15 revenue beat estimates For 4Q15, Murphy Oil’s (MUR) reported adjusted revenues of ~$658 million, ~7% better than Wall Street analyst consensus for revenues of ~$614 million. The company’s 4Q15 revenues are lower by ~53% when compared with 4Q14 revenues of ~$1,407 million. Even when compared sequentially with 3Q15, MUR’s 4Q15 revenues are lower by ~8%. Murphy Oil’s earnings trend As seen in the above chart, Murphy Oil reported negative earnings in 2015 due to lower realized crude oil and natural gas prices. Since 1Q13, MUR has exceeded its earnings expectations ~66% of the time. Due to the steep downward trend in energy prices, almost all S&P 500 (SPY) upstream companies have been hit. Southwestern Energy (SWN), EOG Resources (EOG), and Consol Energy (CNX) are expected to report ~22%, ~49%, and ~20%, respectively, year-over-year declines in their 4Q15 revenues. MUR’s 2015 earnings and revenue beat estimates For 2015, Murphy Oil (MUR) reported an adjusted loss of $3.08 per share, $0.48 better than Wall Street analyst consensus for a loss of $3.56 per share. MUR’s 2015 earnings are lower by $6.45 per share, when compared with a 2014 profit of $3.37 per share. For 2015, MUR reported adjusted revenues of ~$3 billion, ~3% better than Wall Street analyst consensus for revenues of ~$2.9 billion. MUR’s 2015 revenues are lower by ~33% when compared with 2014 revenues of ~$5.3 billion. > More: http://marketrealist.com/2016/01/analyzing-murphy-oils-4q15-earnings-performance/ Update: Co.- : $Last : chg. : PEGr : Bk.Val : P/BkV: MkValue: $Cash : $Debt : Ebitda : OperCF: 6oc-D+C: MV/?: trP/E : fw.Yld : 8/10/15 MUR: $33.81 +1.51 : -2.10 : $46.10 : 70.0%: $6.02bn : $1.37b : $2.61b : $2.79b : $2.91b : $15.5bn : 100% : 8.23 : 4.20% : 2/11/16 MUR: $15.97 - 0.44 : +0.34: $30.94 : 53.0%: $2.75bn : $457m : $3.06b : $1.35b : $1.36b : $5.56bn : 49.5%: N/A : 5.10% : MUR ($15.97) versus USO, OILB ... 3-years : 5-yr : 10-yr : MUR Call options - at $15.97 Strike - : --- Mar.16--- : --- Apr.16 --- : --- July 16 -- : --- Oct.16-- : 8mo. Premium $12.50 : $3.30-$4.30 : $3.60-$4.60 : $3.80-$5.20 : $4.20-$5.50 : mid/bke: $3.80-16.30 : $4.10-16.60 : $4.50-17.00 : $4.85-17.35 : $1.36 : + 8.51 % / 1.06%/mo $15.00 : $1.75-$2.35 : $2.30-$2.75 : $2.65-$3.60 : $3.20-$4.00 : mid/bke: $2.05-17.05 : $2.53-17.53 : $3.13-18.13 : $3.60-18.60 : $2.63 : + 16.5 % / 2.06%/mo

MUR / Murphy OIl, a "cheap" integrated Oil Producer MUR ... all-data : 10yr: 5yr: 2yr: 6mo: 10d / Last: $19.58 +0.28, +1.45% Decent yield (5.11%), and a way to play Cheap Crude prices Ratio: MUR to WTI Crude MUR vs USO ... 10yr: 5yr: 2yr: 6mo: 10d /Last: $19.58 vs $11.19 +0.20, +1.82%, Ratio: 175% (support: xx%) ==

MEG is still in a downtrend - Low at 4.30 to be retested soon? MEG -etc ... update : holding cos/ Last; P 4.53 -0.02 : holding cos/

TRENDS AGI - RCI, TBGI & PSEI ... update : 6mo / Last: 10.66 -0.24, 2.00 +0.09, 0.315 -0.005, 7,765 RCI is still in its broad uptrend and AGI in a downtrend. TBGI & PSEI in their corrections (probably)

TIME for a shift may be at hand the SLIDE IN OIL may be ending Oil-in-Gold may be ending an A-B-C correction USO-to-Gold - near 7.5% support Ratio: WTI-to-GOLD ==

the SLIDE IN OIL may be ending Oil-in-Gold may be ending an A-B-C correction USO-to-Gold - near 7.5% support Ratio: WTI-to-GOLD ==

Protecting GCM from dilution - this makes sense > selling M. assets, for 28.75M shares Gran Colombia inks LOI to sell some Marmato assets GRAN COLOMBIA GOLD ANNOUNCES LETTER OF INTENT WITH BLUENOSE IN RESPECT OF MARMATO SPIN OFF Further to the press release of dated Sept. 16, 2019, Gran Colombia Gold Corp. entered into a letter of intent on Oct. 4, 2019, with Bluenose Gold Corp. in respect of the proposed acquisition by Bluenose of certain mining assets at the company's Marmato project located in the department of Caldas, Colombia. The mining assets principally comprise the existing producing underground gold mine, including the right to mine in the lower portion of the Echandia licence area, the existing 1,200-tonne-per-day processing plant and the area encompassing the Deeps mineralization, all located within the mining licence area referred to as Zona Baja. The existing underground mine at Marmato produced 24,951 ounces of gold in 2018 and is on track to produce between 24,000 and 26,000 ounces of gold in 2019. The mining assets have excellent infrastructure, being located by the Pan American Highway with access to Medellin to the north and Manizales to the south, and have access to the national electricity grid which runs near the property. Gran Colombia is currently working with SRK Consulting (US) Inc. to complete a technical report for the mining assets pursuant to National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. The technical report, expected to be completed by the end of November and filed on SEDAR and the company's website, will include an updated mineral resource estimate for the mining assets. Gran Colombia will retain its existing ownership of the mining licences in the areas known as Zona Alta and Echandia. Gran Colombia and Bluenose are not related parties. BN.h / Bluenose ... update / Last: $0.14 x10 = $1.40, Post-consolidation About Bluenose Bluenose is primarily engaged in the acquisition and exploration of resource properties and is a reporting issuer in British Columbia and Alberta listed on the NEX board of the TSX Venture Exchange. It is anticipated that the proposed transaction will constitute a reverse takeover (as such term is defined under TSX-V Policy 5.2 -- Changes of Business and Reverse Takeovers) of Bluenose. The authorized share capital of Bluenose consists of an unlimited number of common shares and an unlimited number of preferred shares, issuable in series. As at the date hereof, an aggregate of 106,028,802 Bluenose common shares on a preconsolidation (as hereinafter defined) basis and no preferred shares are issued and outstanding. An aggregate of 5.8 million Bluenose common shares, on a preconsolidation basis, are reserved for issuance under incentive stock options granted to directors, officers and consultants of Bluenose. Prior to the completion of the transaction, Bluenose will consolidate its outstanding common shares on a 1:10 basis. Terms of the transaction It is currently anticipated that Bluenose will acquire the mining assets by way of purchase from Gran Colombia of all of the issued and outstanding shares of Gran Colombia's wholly owned subsidiary, Medoro Resources Colombia Inc. Marmato Panama holds all of the issued and outstanding shares of Gran Colombia Gold Marmato SAS, which, in turn, holds all of the mining assets. The mining assets will be acquired by Bluenose for $57.5-million, which will be satisfied by the issuance by Bluenose to Gran Colombia of an aggregate of 28.75 million Bluenose common shares (on a postconsolidation basis) having a deemed price of $2 per postconsolidation Bluenose common share.

out of the markets, for a 2 day break. so... did not (yet)

from Beg. 2016 :  UPDATED to 10/7/2019 follows Ratio: GZZ to-RZZ: was 2.76%. Now 2.85%

Fears of a Global Recession Grow, Gold and Silver Rally by Sprott Money - Oct 5, 2019 8:00 am With each passing day, the chances of the United States entering a deep recession grows. ... Fortunately, it appears that market participants regained some semblance of sanity as the week dragged on, with both gold and silver recovering much of their earlier week losses. As it stands now, gold bullion has moved once again above $1500 USD per ounce, while silver bullion stands at $17.70 USD per ounce. These are important levels to maintain and any protracted time spent below these levels could mean much lower prices; however, given the fundamentals, it seems unlikely that this will be the case. Central bankers around the world are now fully aware that we are about to enter into a dragged out global recession as the trade wars continue to go on with no end in sight. This means that interest rates around the world are going to be slashed by Central Bankers. Stimulus programs are going to once again be all the rage and the money printing is going to be happening at a feverish pace. In addition to this, the Democratic Party in the United States seems hell bent on moving forward with impeachment proceedings against President Trump. A plan that appears to be pivotal in their 2020 election campaign strategy and nothing further, as it is incredibly unlikely that he will be impeached and removed from office. Even if the House does vote to impeach, the Senate, which is controlled by Republicans, are not going to vote to remove him from office as two thirds must do so. Unfortunately for the Democrats, I along with many others believe that this is going to backfire on them, as it is only going to embolden Republicans and result in a staggering high turnout for the President come 2020. Regardless, uncertainty abounds and precious metals are going to take notice as this political theater continues to unfold. People should not be selling gold and silver bullion as we saw earlier in this week, but in fact be buying it hand over fist in the coming climate. Expect much higher prices as global risk grows and as QE to infinity goes worldwide. Keep stacking. Focus on the long term. Ignore the short term noise.

Gold bounces Peter Hug Oct 1 Investors following my diatribes for the past few weeks bombarded me with amazing emails when I turned negative the gold market at $1,560 and silver at $19.40. The market seemed overbought and some macro issues had shifted. The European offer to accept a delay in Brexit took the British pound up 400 pips. The Fed meeting of September indicated a split in consensus, with the possibility of another imminent rate cut, off the table. Chinese trade negotiations were looking better. So our call that the market was heavy was not met with great enthusiasm from investors, who were reading that gold at $2,000 and silver at $25 was imminent. However, today, has changed my paradigm. From a technical perspective, the market looks bad, (I can’t use the word I wanted). The ISM index indicates the U.S. is following the global economies into a slowdown/recession and the Fed is likely to be more aggressive at future meetings. Technically, I need gold above $1,497 to start and ideally through $1,520 again. I’m bullish gold, but not jumping up and down yet. Gold-in-USD : Got it ! (back above $1500) CPM Group Trade Signal – October 1 2019 CPM GroupOct 1 Direction: Sell Target Price / Range: $1,455 / Timeframe: 01-10-2019 to 4-10-2019 Gold prices continue to be driven by shorter term investor activity based on technical buying and selling. As gold prices broke below support levels over the past few days there was increased technical selling. Prices are now in a downward trend and could fall to test $1,450. A break below this level could quickly push gold prices to fall toward $1,420. Gold is in a stable landscape Bill Baruch Oct 3 The Metals, Money, and Markets Weekly by Mickey Fulp - October 4, 2019 Mickey FulpOct 4 Miners lagging gold portends more weakness ahead David Erfle Oct 4 Gold prices are watching U.S. data deterioration, ready to ...Kitco NewsOct 4

Hmm, buyback must be helping the price RZZ.t ... update xx NEWS Date ET Symbol Price Type Headline 2019-09-23 08:47 C:RZZ 14.35 News Release Abitibi Royalties to buy back up to 626,695 shares 2019-09-10 08:30 C:RZZ 15.00 News Release Abitibi RPs outline East Malartic resource estimate Abitibi Royalties Inc. has received conditional acceptance from the TSX Venture Exchange to conduct the normal course issuer bid. Under the 2019 NCIB, Abitibi Royalties may purchase for cancellation, from time to time at its discretion, up to 626,695 of its issued and outstanding common shares (representing 5 per cent of Abitibi Royalties' issued and outstanding common shares). Purchases will be made on the open market through the facilities of the TSX-V, with TD Securities Inc. conducting the 2019 NCIB on behalf of Abitibi Royalties. The company is unique among its peer group, as it has been repurchasing its own shares since 2015. Abitibi Royalties' outstanding and fully diluted share total are the same and currently stands at approximately 12,540,910. Abitibi Royalties is of the view that repurchase of its issued shares, to be returned to treasury for cancellation, is warranted when the trading price of the company's shares, conservatively calculated, is below management's estimated after-tax net present value. Accordingly, the purchase for cancellation of shares by Abitibi Royalties during these times will benefit the remaining shareholders by increasing their proportionate ownership in the company. The 2019 NCIB will commence on Oct. 6, 2019, and will terminate on Oct. 5, 2020, or such earlier time as the 2019 NCIB is completed or at the option of Abitibi Royalties. Any shares acquired by Abitibi Royalties pursuant to the 2019 NCIB will be cancelled.

On Sep.6th, I asked... BONDS n'Gold rose together ... Will they now slide together? Perhaps an obvious Right Shoulder will get formed first (if this is a Head) TLT vs-GLD .. fr.Oct.2018 : ? / Last: $144.76 -1.8% / $143.14 -2.2% = Ratio: 101.3%  Maybe long term rates have dropped far enough... Perhaps the big move down in rates will cancel the recession. UPDATE, after a dip from above $148 to: $137 / -7.5% RATIO : "Normal range" seems to be 100% +/- 2% Thinking about Buying GLD, Selling TLT - to play the swings above