drbubb

GCM had a good day : +6% on strong volume. GCM-etc ... update : Flip-Mux hist : Stock : 11/17 : chg. : +-pct.: Volume GCM.t : $2.71 : +0.16: +6.27%: 157,861 MUX.t : $2.37 : unch.: +0.00%: 110,435 Ratio : 114.3% resistance: 122%, 170%? MUX- : $1.81 : +0.02: +1.12%: 2.886Mn TPRff : $2.05 : +0.13: +6.88%: 11,406 GDXJ : $27.51: +0.39: +1.44%: 7.941Mn x1.315 CAD: $36.18: MNT.t: $16.87: +0.02: +0.12%: 5,425 GLD-- : 115.62: +0.85: +0.74%: 8.110Mn UGLD : $83.59: +1.73: +2.11%: 140,560 Ratio: GCM-toMUX, resistance at R122%, then R170% maybe Ratio: GCM.t to GDXJ

ECB comment. It is quite IRONIC as BGC is on the "verge" of COLLAPSE haha I always liked idea of playing the Arb (arbitrage) between Mandaluyong Boni/Shaw and BGC. (I wonder if someone doing marketing at Avida has seen this thread?) It actually made great sense when you could buy cheap units at centerra at under P2.5 M - but not at P4M. BGC rent are weak now, but I think they will recover as the sudden surge in BGC units is absorbed eventually Avida employees who bought cheap units at Centerra can rent them out at decent rents, and find something cheap to rent near Avida HQ in BGC. The Arb argument is much less compelling at current price levels. (The price difference that made the arb interesting is hardly there, when you look at some rents & prices)

UPDATE on the Rise / Local Buyers get the Low Prices Here's a recent representative price For a 27-28sqm 1BR flat from Shang. Around the 20th floor ---- : P 5.7 Million / 28sqm = P203.6k Minus 12 Cash discount : - P 700,000 / Approx. (actually 12%) Shang Cash Buyer price* P 5.0 Million / 28sqm = P178.6k > near 20th floor *Only for Local Buyers, under 100 units of all sizes still available =================== The 40% available for Foreign Buyers is now sold out, unless there are reopenings. Agents tell me that transactions are getting done for Local & Foreign Buyers through the secondary market. Some recent price examples (thanks to friends who transacted): + 4.5M all in, Filipino seller to Filipino Buyer + 4.8M all in, Foreign seller to Foreign Buyer The still-relatively-cheap properties are getting snapped up, and the "CHEAPEST available unit", adjusted for floor, seems to be rising fast. In fact, some Sellers are now asking for a P50k-100k premium to the indicated prices, if they are Foreign Owners and can therefore resell to a Foreigner. I know of 2-3 cases like that. Here's one real life example: Above the 50th floor - : P 5.9 Million / 27sqm = P218.5k Minus 12 Cash discount : - 700,000 approx. (actually 12%) Cash Buyer price** -- : P 5.2 Million / 27sqm = P192.6k > above 50th floor ie Shang would be selling this unit to a local buyer at P5.2 million cash (Actually: 95% would be in cash, with about 5% at End Of Contract.) I know a foreign seller who wants for his similar unit: Cash payment: P4.8 Million / 27sqm= P177.8k But the buyer is also asked to pay: P150k for the transfer + about P150k at the end of the Contract. In addition, the BUYER will pay the agents commission, which I estimate at 3%. say P150k. Thus, the Foreign Buyer will pay: 4.8M +150K +150K +150k = P5.25 Million That is P50,000 more than the local buyer pays. How else can a Foreign Buyer get a unit at The Rise? If you are interested in this, I suggest you contact me directly through this website, and we may be able to get a transaction done at a lower Commission cost. Also, If you are a SELLER at below the prices listed here, let me know, and I will aim to match you up with a BUYER

FINALE ART FAIR & Auction Venue Opened Tue. Nov. 13th 2241 Chino Roces Avenue Warehouse 17, La Fuerza Compound (Gate 1) Makati, Metro Manila Makati City (Old description): When you step foot inside Finale Art File, you'll see how massive it is inside. It has two floors. The tall gallery is for bigger exhibits and installations of like bigger proportions. The upstairs gallery is for smaller scale solo exhibitions. Next to the upstairs gallery is a video room. I was really excited about seeing Finale Art File today because I've seen photos from past exhibitions. While I was expecting a white-walled gallery, I was surprised to see it in shades of green and a vibrance of colours. It was fitting of the vision and style of artist Geraldine Javier. Her exhibition until May 30 is entitled Landscape as a State of Mind is a Landscape. She embroidered scenes of ultra-violence from A Clockwork Orange by Stanley Kubrick! That should be enough for you to drop by! Finale Art File is open from Mondays 'til Saturdays (10am to 7pm). Bring a friend with you (or opt to go alone like I did). FINALE website : http://finaleartfile.com/ Other Venues Feb 21 to Feb 24, 2019 Kim Oliveros Art Fair Philippines 2019 The Link Carpark, Ayala Center, Makati City, Philippines Mar 17 to Mar 17, 2019 Various Artists Art in the Park 2019 Jaime Velasquez Park, Salcedo Village, Makati City, Philippines

There was some interest in the Viber chat on two other works of art "How much is the gold tree and the blue unicorn painting behind it?" The unicorn painting is called: "bulusukan", by Gean Brix Garcia, of EARIST. Price P15,000 (Unfortunately, it sold on the first day.) ARTWORK PRICES, per request: Gold Tree scuplture = P 24,000 , it is by Melanie Mamansag, dls-csb What is EARIST anyway? See photos See outside Eulogio Amang Rodriguez Institute of Science and Technology Address: Valencia, Manila, Maynila, 1008 Kalakhang Maynila (EARIST) is a state college situated in the city of Manila. It was named after the Filipino senator ...

McEwen Mining Reports Q3 2018 Results 2018-10-30 16:57 ET - News Release TORONTO, Oct. 30, 2018 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported third quarter results for the period ended Sept. 30, 2018 (“Q3”). During Q3, gold equivalent ounces (GEOs) produced increased by 51% and all-in sustaining costs per GEO sold decreased by 3% compared to Q3 2017. Net cash flow from the business excluding project development costs was $2.2 million or $0.01 per share. Total expenditure of $35.5 million was incurred to further our long-term production growth plans at the Gold Bar, Black Fox, Fenix and Los Azules projects. Our consolidated net loss for Q3 was $13.3 million or $0.04 per share. During the first nine months of 2018, GEOs produced increased by 48% and all-in sustaining costs per GEO sold was unchanged compared to the same period in 2017. Net cash flow from the business excluding project development costs was $20.8 million or $0.06 per share. Total expenditure of $84.5 million was incurred to further our long-term production growth plans at the Gold Bar, Black Fox, Fenix and Los Azules projects. Our consolidated net loss for the first nine months of 2018 was $23.9 million or $0.07 per share. Please join our conference call on Wednesday, Oct. 31st, 2018 at 11 am EDT.

A Look Inside the 2018 Show -- Tuesday Nov.13th to Sunday Nov.18th One of the guards was an art lover too, and studied the paintings while guarding : Larger image : close-up#1 : #2 : Agos Ng Buhay (2018), by Marc Lawrence R Martin*, Univ. of East-Caloocan. This attracted much attention, thanks to the interesting detail and the narrative of the painting. "Go With the Flow", or "The Flow of Life," could be English translations. Filipinos can cope with any disaster, get rescued by their neighbors maybe, and escape to the relative safety of their home provinces when life in big, bad Manila gets too stressful. * Artist's email contact : Marc Lawrence Martin <martinmarclawrence@gmail.com> The artists and the buyer of the paintings can be happy that their works of art will be safe and looked after (until closing day) by the Shell Representative, Ms. Nedy and concerned guards, like Ms. A.C., who is looking at "The magic of Imagination," by Jan Erikah C. Danao, of TUP in the photo at left, above. Some of my other favorites at the show were "Handum" by Jhoemorey R Tingson, ISTU (at left, above) "Fatherboard" by Jill Love L. Lobetania, AUP (at right) This one attracted many people, admiring the details. "Big Thing" by Joegan G. Espina, EARIST Reminds me of Ayala Avenue. Is the woman the "Spirit Goddess of Makati" perhaps? "Tomorrowland" by Nicole Christine Tan, UP, Cebu (upper left) "Hopscotch of Life" by Bernice Michaella Cruz, UST; 3rd place, watercolors "Ghost Stories" by Steven John L. Natal, BSU (upper right) "Puno at Bunga" by Aaron P. Berte, EARIST (lower right) "Tagumpay so Kusina ni Tatay" by Roncol F. Cayas, EARIST called by a friend in my viber chat, a "picasso"

Thanks for those comments, ECB. I think you are exactly right on Rise + Air. It has been obvious for sometime that Colliers was ignoring these two in compiling its figures for the Makati CBP. Without them, the figures look very bullish, and very tight. With the extra 6,400 flats in the data, it looks less bullish. But i think the will be easily absorbed thanks to: A 30 storey and a 40 storey Tower at CityGate: 1 & 2. Plus a 40-something building called NEX Tower. Tenants have just begun moving in a Citygate, and they should start moving into NEX before year-end. I expect maybe 20,000+ jobs in these buildings, and that is pretty good match for the 10,000+ beds (my guess) at Rise & Air, with 6,400 units in total. Rental rates in Makati are tight for studios and 1BR units. But Colliers focuses on 3BR units favored by well-paid locals and expats. Maybe the completion of Garden Terraces, etc is helping to dampen own rents for larger units

McEwen Mining @McEwenMining - 4 days ago The Northern Miner Podcast – episode 125: ‘Strive to Build’ – in conversation with Rob McEwen, part 1 > https://t.co/hUKfGQmB4m

Pathological Alturism ? Some Women in Sweden have lost their minds SWEDEN: GREEN PARTY SUGGESTS CONFISCATING CITIZENS’ HOMES TO GIVE THEM TO MIGRANTS The Green Party in Sweden has suggested confiscating the homes of citizens and giving them to migrants if the property is deemed to be too large or if the owner has more than one residence. Blogger Katerina Janouch reveals how the party wanted to introduce a new law which would allow “Municipalities to seize housing to give them refugees.” Under the proposal, authorities would be able to “evacuate people who have too large housing,” for example “couples where the children moved home or cohabited where the partner has a residence elsewhere.” Under any such legislation, homeowners wouldn’t even be compensated, whereas before the government would have had to pay them at least 125% market value Taking a page out of the South Africa's, and Zimbabwe's play-book, are you, Sweden?!? Should this insane notion get passed, expect massive, public protests to occur with a strength and ferocity that will astonish the current government. Oh, and it will also be the last time that any Swedish politicians who supported this, will be ever be elected... again. You're welcome, Sweden! Read more: WHAT REALLY HAPPENED | The History The US Government HOPES You Never Learn! http://www.whatreallyhappened.com/#ixzz5Wxr5xldL The #1 Mission of Men is to protect their families & their country. Part of their responsibility is "keeping in check" the emotional irresponsibility that many females are prone to. If they fail to do that, their country will unravel

GCM needed to be "discovered" by institutions. Those that knew it may have been hammered when the stock plummeted years ago, and have been slow to forgive, because some of the key management is still in place. Whoever buys them out, if that happens, would still get a great bargain

CC transcript..... posted November 15, 2018 07:50 am by kkkrrr Q3 2018 Gran Colombia Gold Corp Earnings Call TORONTO Nov 14, 2018 (Thomson StreetEvents) -- Edited Transcript of Gran Colombia Gold Corp earnings conference call or presentation Wednesday ...read more Unidentified Analyst So for this third quarter at Segovia, the average tonnes per day going through the mill? Lombardo Arenas Okay. Well, now our average tonnes per day going to the mill is around 1,200. Unidentified Analyst Okay. 1,200. Okay. And you said that you could possibly work towards 2,000 tonnes a day based on how you project on underground stope development? Lombardo Arenas Yes. Our projection for the mill capacities, the first quarter next year we are going to be around 1,500. And then for 2020, we are planning to be in 2,000 hundreds -- excuse me, 2,000 tonnes per day. And that -- remember that we are focusing on 3 or 4 things in Segovia. One thing is, mainly is cost reduction, cost optimization. Second thing is exploration, to develop the most extensive veins of resources that we have in Segovia. There are 24, 25 veins, and we did touch only seven. So it's a lot of veins that we didn't touch already. And the third thing is infrastructure. We have to put more mineral on the surface. So that's the reason because our priorities are exploration, cost and infrastructure of the mines in order to produce more and being able to put more tonnes in the mill.

Hang Lung Group showing nice bounce on High Volume So far today ... HK10: $20.80 +0.65 +3.23% v582k, HK101: $15.16 +0.32 +2.16% v3.3M At $21.00, HK10 is 9.8% above recent low. At $15.16 HK101 is 9.1% above its Low.

MUX has been weak recently, ... far weaker than resilient GCM.t =====: MUX.t : end17 / GCM.t : end17 / PrCad : $2.32 : $2.86 / $2.53 : $1.96 / /CAD$ : 1.322 : 1.257 / 1.322 : 1.257 / US$pr : 1.755 : 2.275 / 1.914 : 1.559 / ShsOS : 337.3 : 000.0 / 48.15 : 20.87 / in Mn's MkCap: $591. : $00.0 / $92.2 : $32.5 / in Mn's Debt-- : $00.0 : $00.0 / $88.3 : $99.2 / in Mn's Cash+ : $00.0 : $00.0 / $33.4 : $15.9 / in Mn's ND/Eq : R0.00 : R0.00 / R.211 : R.371 / EntVal : $00.0 : $00.0 / 147.1 : 115.8 / in Mn's AsPct : 100.% : 100.% / 100.% : 100.% / AuPrd : 171.0 : 152.0 / 215.5 : 174.0 / EV/ozP 00.0k : 00.0k / 682.6 : 665.5 / BkVal : $0.00 : $0.00 / 259.9 : 224.4 / in Mn's BV/sh.: $0.00 : $0.00 / $5.40 : 10.75 / in USD ====== MUX Presentation : https://s21.q4cdn.com/390685383/files/doc_presentations/mcewen_presentation.pdf MUX.t versus GCM.t ... All : from 4-4-2011 : 2-4-2014 : 2-4-2016 : 11-14-2017 : from 2-28-18 : GCM.t vs: MUX.t, MNT.t, GDXJ ... update : fr. 6.2.18 : Ratio: MUX-to-GCM Date: MUX.t: GCM.t: 2/14: $2.95 : $2.23 : 2/15: $3.01 : $2.40 : 2/28: $2.52: $2.54: ===== 11/13: 2.27 : $2.34 : 11/14: 2.32 : $2.53 : =====

MUX has been very weak recently, far weaker than GCM.t MUX.t versus GCM.t ... All : from 4-4-2011 : 2-4-2014 : 2-4-2016 : 11-14-2017 : from 2-28-18 : : from 2-28-18 : GCM.t vs: MUX.t, MNT.t, GDXJ ... update : Ratio: MUX-to-GCM Date: MUX.t: GCM.t: 2/14: $2.95 : $2.23 : 2/15: $3.01 : $2.40 : 2/16: $2.85 : $2.37 : 2/20: $2.79 : $2.65 : 2/21: $2.73 : $2.55 : 2/22: $2.71 : $2.53 : 2/23: $2.65: $2.60: 2/26: $2.63 : $2.50 : 2/27: $2.60 : $2.40 : 2/28: $2.52: $2.54: ===== 11/12: 11/13: 2.27 : $2.34 : 11/14: 2.32 : $2.53 : =====

INSTITUTIONS are IN ! At Last ! GCM.T :$2.53 +$0.19 +8.12%, vol. 97,472 +23,166 us = 120.6K In the conference call... and into the stock too. apparently first CC with questions from institutions... looks like some institutions are interested in the stock... lots of questions ... ..GCM possibly will upgrade the mill at segovia to 2000 tonnes/day in 2020 ... depending on exploration results and growing resource ... at low Capex ... ..still lot of upside at segovia , target date for Marmato PFS/FS 2020/2021 .... higher priority is Segovia for now... / 2 / stock is up during the CC ..... good questions ...interesting answers ... i bet there will be some buying rec. next weeks ... institutions will recognize the undervaluation of GCM Read more at http://www.stockhouse.com/companies/bullboard#iDaMx0QOGBwPEWSS.99

Pg.8 //, Last: C$2.81 (US$2.10) at 12/10/2018 - 1-yr / Vs 200d : 377d.ma : 610d : 987d. : 700-945d : Mkt.Depth : Date------- : GCM.t: CAD$: $Price: ShOS MktVal : 8%-Debs: Date: Cash: EntVal. / $Gold : OZ's/ Prd. years.: 221wtx12.2M 08/10/18: $2.44 x.761= $1.857 48.2M $89.5M: $98.0M: Est.: $28.0: $159.5M /$1219: 131k/200: 0.660: $0.23=$2.81M 09/12/18: $2.27 x.769= $1.745 48.2M $84.1M: $98.0M: Est.: $28.0: $154.1M /$1206: 128k/212: 0.604: $0.06=$0.73M 10/02/18: $2.40 x.780= $1.872 48.2M $90.2M: $93.1M: Est.: $28.0: $155.3M /$1204: 129k/212: 0.609: $0.19=$2.31M 11/01/18: $2.51 x.763= $1.915 48.2M $92.3M: $88.3M: Est.: $28.0: $152.6M /$1239: 123k/215: 0.572: $0.30=$3.66M 11/12/18: $2.34 x.756= $1.769 48.2M $85.3M: $88.3M: 11/13 $29: $144.6M /$1201: 120k/217: 0.553: $0.13=$1.59M 12/10/18: $2.81 x.746= $2.097 48.2M $101.M: $88.3M: 11/13 $29: $160.3M /$1243: 129k/217: 0.594: $0.60=$7.32M ========= Gold linked Notes, Total Value Estimate: with Wt.B / vs.GCM / TPRFF : GCM.NT.U UNITS: Date : Gold: GCM : Ratio: G/1250 x57%+104%= Debs : Wt2.21: CAD : $USD : 124wt: Comb.: USD$: x512.8: 05/31: 1305: $3.03 : 431. : 104.4 : 59.5 +44.7= 104.2 : $1.40*x0.772 = $1.08 : 13.4% : 117.6 : $2.34: 1200 : 06/29: 1255: $2.88 : 436. : 100.4 : 57.2 +44.7= 101.9 : $1.30*x0.761 = $0.99 : 12.3% : 114.2 : $2.19: 1123 : 07/31: 1234: $2.53 : 488. : 100.0 : 57.0 +44.7= 101.7 : $1.18*x0.769 = $0.91 : 11.3% : 113.0 : $1.95: 1000 : 10/02: 1204: $2.40 : 502. : 100.0 : 57.0 +44.7= 101.7 : $1.14 x0.780 = $0.89 : 11.0% : 112.7 : $1.88: $964 : =====: ==================================== : *est. Wt. value, x124 wts/deb Last Col.: $1000/ 1.95= 512.8shs xC%2.52= C$1,292 x0.770= $995, Value of 1% Debs if Converted GCM etc: GDXJ & MNT.t ... update st 377d: w/MUX st: GCM.t only : 12/10/2018: c$2.81 : c$17.58 : $27.76 : Date-----: GCM.t : MNT.t : 12.9%L// GDXJ x10.0%H cad= GJcad: x7.7% 12/30/16: $1.40 : $16.48 : $2.13 //: $31.55 : $3.16 x1.350= 42.59: 3.28 12/29/17: $1.96 : $17.39 : $2.24 //: $34.13 : $3.41 x1.257= 42.90: 3.30 05/28/18: $3.29 : $17.71 : $2.28 //: $32.89* $3.29 x1.299= 42.72: 3.29 - High 06/30/18: $2.88 : $17.44 : $2.25 //: $32.70 : $3.27 x1.314= 42.97: 3.31 08/17/18: $2.13 : $16.35 : $2.11 //: $27.49 : $2.75 x1.306= 35.90: 2.76 - Low 10/04/18: $2.60 : $16.37 : $2.11 //: $27.83 : $2.78 x1.292= 35.59: 2.74 11/01/18: $2.51 : $16.91 : $1.92 //: $28.14 : $2.81 x1.310= 36.86: 2.84 11/14/18: $2.53 : $16.90 : $2.18 //: $26.64 : $2.66 x1.324= 35.27: 2.72 12/10/18: $2.81 : $17.58 : $2.27 //: $27.76 : $2.78 x1.340= 37.20: 2.86

GCM jump 20cents ... update Would be great to see a close on $2.50 or more

Q3-Results were announced AFTER close, so could be a nice Pop on Wed GCM Close-up ... update : 10days : Comments : SH "Maybe they really need to look at paying us a nice dividend??? " Outstanding Q3 Financial The Company reported net income for the third quarter of 2018 of $12.4 million, or $0.31 per share, On an annual basis we may expect 4 x 0,31 =1,21 for a company trading today at $ 2,34 Only 48 100 000 isued shares... Improved guidance to 214/220 000 oz for 2018 Total 2017 173 821 for an increase of 23,6 % Y/Y Total cash costs $ 657 ; AISC $888 Cash on hand $ 29,5 M Debt $ 88M Including the 2024 Warrants, the Company's fully diluted common shares would total approximately 60.3 million. Could not be better and clouds are clearing. It is a matter of time before being taken out at 3 times the actual share price. / 2 / jump in cash to $29M even after paying down debt and investing cash in Sandspring. net debt down to $59M. $100M ebitda, $888 aisc eps $0.31, adj eps 0.25. it gets better and better! / 3 / WOW ..extremely good numbers... AISC down again , cash+investments up , liabilities down .... the company is cashed up and money contines to flow in ... 18000 oz produced in october... .....this company is out of the woods ... cash 29,5 million USD , accounts receivable 15,6 million USD , inventories 18,1 million USD , investments 3 million USD , gold trust Account 3,1 million usd ... ...they are swimming in cash now ..... now lets drill the hell out of Segovia and Marmato and deliver a strong Marmato-PEA / 4 / the Company’s focus will centre on taking its Segovia Operations to the next level. Capital investment in 2018 at the Segovia Operations amounted to $23.1 million in the first nine months of 2018 and is expected to total about $30 million this year. Emphasis continues to focus on exploration, including the additional 10,000 meters of drilling announced in early August at the deepest levels of the El Silencio mine which will get underway in November, and ongoing mine development at its Providencia and El Silencio mines... At Marmato, the Company completed a conceptual study in 2017 to consider the potential for underground mining operations combining the existing operating mine with the new mineralization identified below the existing mine (“Deeps”). In 2018, the Company is following up with further technical studies and, in mid-June, commenced a drilling program of up to 8,500 meters to gather additional data related to the Deeps mineralization to support the technical studies. These efforts are intended to provide further analysis of the underground mine expansion opportunity at Marmato, leading toward the expected completion of a preliminary economic assessment in 2019. / 5 / Maybe they really need to look at paying us a nice dividend??? They can afford it, 10 cents would only cost them approx 4.8 million, turn some heads, make some noise which should push the SP up!!! Let’s see what surprise tomorrow will bring. - GLTA Read more at http://www.stockhouse.com/companies/bullboard#yUiGSldAUeWveATQ.99

(MORE - these are my own comments from a Viber chat): + I have been wrong about Shore before - under-estimating Rental demand there. I think it might have something to do with the double-shifting and triple-shifting in the BPOs/POGOs there. But I remain a non-fan of Manila Bay, because I never hear Pinoys speaking of that area with enthusiasm, The mainland Chinese who live there may get bored with the RR's and concrete sameness of the place. I have a poster on my Makati Prime website, ECB, who remains a key fan, and likes reminding me of my Bear Call on MBay when the strong rental rates come in + I have been hearing some reports than Chinese employers are moving from Manila Bay to (cheaper) Alabang. So be alert to that. MBay fan ECB calls BGC : Better Go > C (ie to the seaside) Mainlanders are not really liking BGC, They prefer Makati & what I call "little China" + I value the guy's comments. ECB has been more bullish than me in what has been a Bullish market. I think his investments were Enhanced greatly by the China Invasion. But nothing wrong with that

=== : PRODUCTION Mo. : Prod'17: Prod'18: Q1- : 39,008 : 52,672 /3= 17,557 ave. Q2- : 46,075 : 52,906 : + 14.8% H1 : 85,084 : 105,578 : + 24.1% July : 00,000 : 19,296 : Aug.: 00,000 : 18,747 : Sep : 00,000 : 19,120 : Q3- : 37.1 K : 57,163 > +54%, 9mos +33% Oct : 00,000 : 18,065 : 10mo: ???. K : 180.8k > (aver.18.1k oz) 12mo: 173.8k : 215.5k > +24% vs Yr.Earlier Total Target: Now 214-220k oz in 2018 : 217k oz. Mid A slight disappointment: was that Oct.production was just in line with the average of the fits 9 months, ie No Advance. Part of the reason for the rise in earnings pay be a reduction in heavy financial charges as old Debs got replaced by a smaller number of new Debs.

STELLAR !! (JUMP in Cash, for a Quarter with weak Gold prices) Gran Colombia Gold Reports Third Quarter and First Nine Months 2018 Results; Increases Cash Position to $29 Million; Trailing 12-Months’ Adjusted EBITDA Reaches $105 Million T.GCM | 8 hours ago HIGHLIGHTS + “We are very pleased with the continuing improvements in our operating and financial results and the strengthening of our financial position we are reporting today. Our senior debt is now down to $88 million and our cash position increased further in the third quarter to reach $29 million at the end of September.9 ( $88M - $29M = Only $59M net Debt! ) + Total gold production of 57,163 ounces in the third quarter of 2018, up 54% over the third quarter of 2017, brought the total gold production for the first nine months of 2018 to 162,741 ounces, up 33% over the first nine months last year. The Company followed this up with a further 18,065 ounces of gold produced in October 2018... the Company’s trailing 12-months’ total gold production increased to 215,509 ounces as of October 2018, up 24% over the total for 2017 of 173,821 ounces. + The Company reported adjusted EBITDA(1) of $24.7 million for the third quarter of 2018, up from $13.8 million in the third quarter of 2017, bringing the first nine months 2018 adjusted EBITDA to a total of $78.7 million, up 62% over the first nine months last year. The trailing 12-months adjusted EBITDA at the end of September 2018 stood at $105.4 million, up 40% over 2017’s annual adjusted EBITDA of $75.5 million, driven by production growth, better realized gold prices and continued efforts to control operating costs. + The Company reported net income for the third quarter of 2018 of $12.4 million, or $0.31 per share, compared with a net loss of $1.0 million, or $0.05 per share, in the third quarter last year. For the first nine months of 2018, the Company reported a net loss of $13.0 million, or $0.43 per share, compared with net income of $32.0 million or $1.58 per share, in the first nine months last year... Adjusted net income(1) for the third quarter of 2018 was $9.9 million, or $0.25 per share, up from $3.8 million, or $0.19 per share, in the third quarter last year, bringing the adjusted net income for the first nine months of 2018 to $28.0 million, or $0.93 per share, compared with $13.8 million, or $0.69 per share, in the first nine months last year. Read more at http://www.stockhouse.com/news/press-releases/2018/11/13/gran-colombia-gold-reports-third-quarter-and-first-nine-months-2018-results#B2lFZTfu6TiIkIE2.99

Filipino Artists & Galleries / shell-artcomp (Starting with - interesting exhibition now at the Ayala Museum) > LINK, to here : https://tinyurl.com/shell-artcomp 51st Shell National Students Art Competition 38,000 students have participated, and at least Four Famous National artists have emerged over the years. This show has been going on for a long time... 2014: Ayala Museum hoste the winning entries of the 47th Shell National Students Art Competition (NSAC),... 2017: Produced a handsome Book showing highlights of its 50 years of Art Shows "We are proud of the 50-year legacy of the Shell National Student Art Competition. Through the years, around 38,000 young Filipinos have joined this art contest, and out of these, four National Artists have emerged," said Cesar Romero, president and CEO of Pilipinas Shell Petroleum Corp. These artists are Jose Joya, Federico Aguilar Alcuaz, Ang Kiukok, and BenCab. "Some Shell winners also belong to the list of "Top 10 Most Successful Young Artists" in the Philippines and have made a name in the international scene, like Ronald Ventura, Rodel Tapaya, and Leeroy New, he added. Esguerra said thousands of art pieces are submitted every year to the Shell art competition. (2018) 51st Shell National Students Art Competition Aug 21, 2018 : The competition was explained to potential participants "Artists are visionaries. They can see the most magnificent vision of the future." Perspective - Visions of the Future Shell Art Competition that Produced BENCAB, ANG KIUKOK, JOYA, Calls for Entries September 10, 2018· Billboard, Lifestyle For more than 50 years now, Shell has built its legacy as a champion of the arts through the National Students Art Competition (NSAC). Now on its 51st year, Shell NSAC is one of the most enduring and highly anticipated student competitions in our country’s art scene. The NSAC has established itself as a legacy platform in discovering and honouring the talents of Filipino student artists, most of whom have become seasoned art masters in their own right: Benedicto “Bencab” Cabrera, Jose Joya, Juvenal Sanso, Ang Kiukok, Leeroy New, Ronald Ventura, Rodel Tapaya, and Jun Yee, to name a few. For this year, Shell NSAC presents the theme “PERSPECTIVE,” and calls for young artists to show their magnificent visions of the future and to share their unique take on how to make the future bright. Today’s new breed of artist-visionaries are encouraged to create masterpieces that showcase the future of the arts or to illustrate magnificent future sustainable cities. The theme also provides an opportunity for student artists to inspire families to shoot for quality of life amidst rapid development, to urge inventors to rise up to the energy challenge, or to open the eyes of a nation to help amidst environmental change. “Through this year’s NSAC, we continue to discover young artistic talents whose art pieces not only promote our nation’s art and culture but also inspire a bright perspective of the future. We are excited to see how our young student artists paint and create their picture of tomorrow,” says Sankie Simbulan, Pilipinas Shell Social Performance and Social Investment Manager. In celebration of the new generation of Filipino talent who will ultimately contribute to our country’s artistic legacy, the National Students Art Competition is now opening its doors for submissions in painting and sculpture for this year’s competition. . . . The Shell NSAC is open to all college students enrolled with at least 12 units in a recognized Philippine school in the school year 2018-2019. Participants can submit a maximum of two entries only in the following themed categories: oil/acrylic, watercolour, sculpture, and digital fine arts (print). Across all categories, grand prize winners will each be awarded a cash prize amounting to P60,000, while second and third prize winners will receive P40,000 and P30,000, respectively. Major winners will also receive medals and plaques. All finalists, except major winners, will each receive a cash prize of P2,000 and a Certificate of Merit. > https://brandmagazineph.com/national-students-art-competition/

"Why would there be an "uptick" in prices when AFT is completed?" ??? AFT/ Alveo Financial Tower is not going to be completed for 2-3 years. That is FUTURE employees. But the impact NOW is coming from Offices completing now, at the end of 2018. People are moving into Citygate 1 & Citygate 2, right now across the street from where I am working today. My guess is, maybe 15,000 new jobs in those two towers. In addition, they will start moving into Nex Tower within this year, maybe 10,000 people there, just 3-4 minutes walk from Citygate. Rise & Air were partly planned to capture these new expected tenants, but they are not ready yet. I doubt many will have moved in before the middle of 2019. Meantime, rental supply in Makati CBD (and nearby) is tight, tight, tight, as friends who are looking to rent are telling me. Almost impossible to find anything decent below P18-20,000 within an easy walk. and the "minimum" rents are rising, especially for smaller flats. (The "China Invasion" in Techzone and PB Com, etc, with some double and triple shifting has been a big factor.) By contrast, BGC has seen a rise in Office Completions, together with a massive rise in Residential Condo completions in the Fort & McKinley area - as I have previously documented. The Condos are running ahead of the Office jobs in BGC. Hence the softness in rents. "it is the Chinese who pay and sometimes over pay, and their favorite spot remains the Bay Area" A favorite spot? Perhaps because they have jobs there, in double and triple shifting companies that operate with changing shift times, so they have to live nearby. Nex Tower on Ayala Avenue There are now many many Chinese who seem to prefer Makati (based on the number of Chinese I see in my building, in the 7-11's, and in the Cafes) perhaps because they work in a nearby Office Tower, like PBcom, Techzone, or the forthcoming Nex Tower

No One Has Ever Crossed Antarctica Alone. Two Are Trying...