drbubb

Interesting concept. The shadow of the past is always there. I reckon. But maybe it does fade a bit over time Now that GCM has punched easily through the 900d MA, I think the 987d (almost 1000d), is the next logical resistance GCM.t ... Updated, Last: C$3.26 at 5/25/2018 - Versus 610d.MA : 987d.MA : This is a fibonacci #: 1,2,3,5,8,13: 21, 34,55,89,144, 233: 377,610 : 987 days

" I might be overly cautious here, but I would have thought that getting hold of a great valuable asset is one thing, but ..." That write-up was an excerpt from a longer article - and was not mine. I haven't yet analyzed the company. But I plan to look at it more carefully. Just looking at the chart (above & below) I see that it is VERY thinly traded, and that is a big warning sign, since you will often see a thinly traded stock having an asset injected, and then get strong promotion with stories like this. I wouldn't recommend buying any unless you take a much closer look first (I added the following warning from readers here): VIVA GOLD / "excerpt from write-up (invest cautiously, if at all)" VAU.v ... update BTW, a share where I have invested, after doing more research, a company I regard as serious & invest-able with solid management is McEwen Mining / MUX ... update I own shares, bought below $2.00, and Nov.$1.50 wts, which cost me 70 cents - ie, I breakeven at $2.20. McEwen Mining is run by famous mining investor, Rod McEwen who ran and built up Goldcorp, one of the most successful gold mining companies on the planet, and MUX is his newest major project. > There's already a thread on MUX at: I am also already invested in GZZ.v : AXM.v, FF.t, and some other small miners or explorers, but not every share I look at here

In HEllary H3LL there is only one news service, and she-you-must obey runs it Nutty Lady loves Power, the power of the News media Her idea is to manipulate, not to inform better Hillary Clinton Wants to Be CEO of Facebook The failed presidential candidate said that the social media platform is the largest source of news in the world, and she'd like to be in charge of it. Failed presidential candidate Hillary Clinton told Attorney General Maura Healey (D-MA) that she would like to be CEO of Facebook, while receiving the Radcliffe Award at Harvard on Friday. “If you could be a CEO of any company right now, what would you choose?” Healey asked. “Facebook,” Clinton quickly answered. The former secretary of state explained that Facebook “is the biggest news platform in the world.” “Most people in our country get their news, true or not, from Facebook,” she said. “It really is critical to our democracy that people get accurate information on which to make decisions.” > https://ntknetwork.com/hillary-clinton-wants-to-be-ceo-of-facebook/ BTW, she may be a little out of date...

NEXT major Resistance? About $4.00? GCM ... update

Some other small explorer / junior miner stocks that I will be looking at are... CA:ALO Alio Gold Inc. (TOR) ... update Alio Gold Reports First Quarter 2018 Results VANCOUVER, British Columbia, May 09, 2018 (GLOBE NEWSWIRE) -- Alio Gold Inc (TSX:ALO) (NYSE AMERICAN:ALO) (“Alio Gold” or the “Company”), or the “Company”), today reported its first quarter 2018 results. Production results were previously released on April 11, 2018. The Company will host a conference call at 11:00am EDT today to discuss the results and the details of the call can be found at the end of the release. First Quarter Highlights and Recent Developments Gold production of 17,624 ounces at an all-in sustaining cost1 (“AISC”) of $1,262 per ounce. Maintained 2018 guidance of between 90,000 and 100,000 ounces of gold. Initiated construction of the underground decline at the Ana Paula project (“Ana Paula”) including the first mechanized blast on March 17, 2018. Completed a six-hole 3,800 metre surface exploration program at Ana Paula. Developed a drilling program for a high priority surface target 150 meters north of the proposed open pit (North Area Target) at Ana Paula which included geological mapping at a scale of 1:2,000 and completing the drill pads and drill road access. Announced a business combination with Rye Patch Gold that is supported by major shareholders, and is on track to close May 25, 2018. Appointed Markus Felderer as Vice President, Corporate Development. The Results speaks for itself These are just plain terrible results. I don't see how we can get any worse but that's what I said about last results. Below analysis: 1) AP is a Top Tier resource comparable to some of the best in the planet. The expansion is slow but predictable 2) SF is a high-cost low grade and coming to its end of life. This is a declining asset 3) RPG, WTF caught most of the investors off guard with this surprise. This is a risky move and takes focus off our main goal. 4) Management: All talk and very little to show for their meager effort. This is a major weak link. Share price speaks for itself. The goal from previous management was to take risk off the table but now we add more risk and uncertainty. Simply put; Great Asset + Poor management = Current Share Price. Priceless. http://www.stockhouse.com/companies/bullboard#vIYZuVsUHgiBRWRK.99 Here are some recent Alio Gold Inc. analyst reports: http://docdro.id/NwI6KZY === CA:OOO Otis Gold Corp. (CVE) ... update

HOME prices & RATES rising fast Median home values across the nation rose 8.7 percent over the past year to $215,600, according to the April Zillow Real Estate Market Report - Home values across the U.S. are rising at their fastest pace since June 2006. - The median U.S. home value is $215,600, up 8.7 percent over the past year. - Home values are rising the fastest in San Jose, Calif., Las Vegas and Seattle. San Jose home values appreciated 26 percent since last April. - Median U.S. rent rose 2.5 percent over the past year to $1,449. California markets Sacramento and Riverside reported the greatest increases in median rent. > https://www.prnewswire.com/news-releases/home-values-rise-at-fastest-pace-in-12-years-300654067.html Here's PHM Corp - a big US homebuilder ... update : What Will Surging Mortgage Rates Do to Housing Bubble 2? Mortgage rates continued their upward march this week, extending the most prolonged increase in rates in 46 years. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to 4.66 percent with an average 0.4 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4.61 percent a week ago and 3.95 percent a year ago. The 15-year fixed-rate average jumped to 4.15 percent with an average 0.4 point. It was 4.08 percent a week ago and 3.19 percent a year ago. The five-year adjustable rate average rose to 3.87 percent with an average 0.3 point. It was 3.82 percent a week ago and 3.07 percent a year ago. "Mortgage rates so far in 2018 have had the most sustained increase to start the year in over 40 years," Sam Khater, Freddie Mac's chief economist, said in a statement. "Through May, rates have risen in 15 out of the first 21 weeks (71 percent), which is the highest share since Freddie Mac began tracking this data for a full year in 1972." . . . After touching a seven-year high, mortgage rates expectedly went down a tad last week," Shekhar said. "However, there is no reason for that downward trend to continue to anything significant. The Fed is still expected to raise the rate again in June with odds currently split between the probabilities for three or four increases for the year as a whole Read more: WHAT REALLY HAPPENED | The History The US Government HOPES You Never Learn! http://www.whatreallyhappened.com/#ixzz5GSwpgkaz

Yup. The 900d MA was shattered GCM closed at C$ 3.19 +$0.35 : +12.32% ... 10d It did however leave a "breakaway" gap at $2.85 (= 900d AM) I hope you own some. I am pretty happy this morning, because the share (thru the 1%/5% debs) are my 2nd largest position, after the 8.25% GCM Gold linked debs. (I hold them for income & their gold linkage)

New Convertible Issue From Hydro One - A 12% Yield And A Discount ... https://seekingalpha.com/.../4088962-new-convertible-issue-hydro-one-12-percent-yi... Jul 20, 2017 - Hydro One (OTC:HRNNF)[TSX:H] is a major regulated utility based in ... is being marketed as installment receipts for a convertible debenture. 2 / The hottest stock on the TSX isn't even a stock — yet | Financial Post business.financialpost.com/investing/the-hottest-stock-on-the-tsx-isnt-even-a-stock-yet Sep 18, 2017 - The instalment receipts were again the most active stock for the week ended Sept. 1... (19.67 million) and Canadian Natural Resources Ltd. (19.24 million). ... Smith also said the Avista purchase makes sense for Hydro One. 3 / Markets : Stock Quote Beginner View: Stock technical analysis for H.IR ... bullishinvestor.com/markets/stock_quote/?s=H.IR:CA Hydro One Limited Instalment Receipts (H.IR:CA:TSX) ... The stock price direction for the day forH.IR:CA is UP. The stock is experiencing a downtrend as of late, ...

Investors who are still anxious about volatility should look to stash income stocks in their portfolios in the spring and summer months. Hydro One Ltd. (TSX:H) Hydro One is an Ontario-based utility company. Shares fell 2.1% on May 16, and the stock has plunged 15.5% in 2018 so far.Controversy has been swirling around its CEO and board with Ontario PC leader Doug Ford taking routine pot shots at the company’s leadership. Hydro One released strong first-quarter results on May 15 and hiked its dividend. In the first quarter, Hydro One reported earnings per share of $0.37 compared to $0.28 in Q1 2017. The company hiked its quarterly dividend 5% to $0.23 per share. Shareholders are no doubt frustrated that the company has become embroiled in a contentious election. In a May 15th interview, Hydro One CEO Mayo Schmidt said that political interference had hurt the utility. He touted the company’s progress in bumping profit up 33% and delivering $114 million in cost savings since its IPO. The results are promising at Hydro One, but more drama could be on the horizon, as Doug Ford looks poised to win the Ontario premiership in the June 7th election. Now could be a good time to scoop up the stock at a bargain. Exco Technologies Ltd. (TSX:XTC) Cogeco Communications Inc. (TSX:CCA) > https://www.fool.ca/2018/05/17/3-sneaky-dividend-stocks-to-pick-up-today/ 4% Rec. Conv. Debs/ H.IR (Instalment Receipts) CA:H.IR / Hydro One Ltd. 4% Rec. (TOR) ... H.IR : vs. H.T : bid/offer : xx On August 9, 2017, in connection with the acquisition of Avista Corporation, the Company completed the sale of $1,540 million aggregate principal amount of 4.00% convertible unsecured subordinated debentures (Convertible Debentures) represented by instalment receipts, which included the exercise in full of the over-allotment option granted to the underwriters to purchase an additional $140 million aggregate principal amount of the Convertible Debentures. The Convertible Debentures instalment receipts trade on the Toronto Stock Exchange under the ticker symbol “H.IR”. The Convertible Debentures were sold as part of Hydro One’s acquisition financing strategy to acquire Avista Corporation (see section Other Developments – Avista Corporation Purchase agreement), which includes the issuance of $1,540 million of Hydro One common shares and US$2.6 billion of Hydro One debt. The Convertible Debentures were sold to satisfy the equity component of the acquisition financing strategy To mitigate the foreign currency risk related to the portion of the Avista Corporation acquisition purchase price financed by the issuance of Convertible Debentures, in October 2017, the Company entered into a deal-contingent foreign exchange forward contract to convert $1.4 billion Canadian to US dollars at an initial forward rate of 1.27486 Canadian per 1.00 US dollars and a range up to 1.28735 Canadian per 1.00 US dollars based on the settlement date. The contract is contingent on... At December 31, 2017, a fair value loss of $3 million was recorded with a corresponding derivative liability > (pg. 27/100) : https://www.hydroone.com/investorrelations/Reports/Hydro One Limited Annual Report 2017.pdf ...Upon closing of the Avista Corporation transaction and conversion of the Convertible Debentures into Hydro One common shares, the Province’s ownership of Hydro One will decrease to approximately 42.3%. See section “Liquidity and Financing Strategy”. The Province waived its pre-emptive right to participate in the Debenture Offering under the governance agreement entered into between Hydro One and the Province dated November 5, 2015 (Governance Agreement). In consideration of granting the waiver, Hydro One agreed that until July 19, 2018: (i) the Company shall not issue common shares pursuant to the Company’s equity compensation plans and any dividend reinvestment plan in an aggregate number that exceeds 1% of the common shares > (pg. 32/100) : https://www.hydroone.com/investorrelations/Reports/Hydro One Limited Annual Report 2017.pdf On August 9, 2017, in connection with the acquisition of Avista Corporation, the Company completed the sale of $1,540 million aggregate principal amount of 4.00% convertible unsecured subordinated debentures (Convertible Debentures) represented by instalment receipts, which included the exercise in full of the over-allotment option granted to the underwriters to purchase an additional $140 million aggregate principal amount of the Convertible Debentures (Debenture Offering). The Convertible Debentures were sold on an instalment basis at a price of $1,000 per Convertible Debenture, of which $333 (Initial Instalment) was paid on closing of the Debenture Offering and the remaining $667 (Final Instalment) is payable on a date (Final Instalment Date) to be fixed by the Company following satisfaction of conditions precedent to the closing of the acquisition of Avista Corporation. The gross proceeds received from the Initial Instalment were $513 million. The Company incurred financing costs of $27 million, which are being amortized to financing charges over approximately 10 years, the contractual term of the Convertible Debentures, using the effective interest rate method. The Convertible Debentures will mature on September 30, 2027. A coupon rate of 4% is paid on the $1,540 million aggregate principal amount of the Convertible Debentures, and based on the carrying value of the Initial Instalment, this translates into an effective annual yield of 12%. After the Final Instalment Date, the interest rate will be 0%. The interest expense recorded in 2017 is $24 million. If the Final Instalment Date occurs on a day that is prior to the first anniversary of the closing of the Debenture Offering, holders of the Convertible Debentures who have paid the Final Instalment on or before the Final Instalment Date will be entitled to receive, in addition to the payment of accrued and unpaid interest to and including the Final Instalment Date, an amount equal to the interest that would have accrued from the day following the Final Instalment Date to and including the first anniversary of the closing of the Debenture Offering had the Convertible Debentures remained outstanding and continued to accrue interest until and including such date (Make-Whole Payment). No Make-Whole Payment will be payable if the Final Instalment Date occurs on or after the first anniversary of the closing of the Debenture Offering. At the option of the holders and provided that payment of the Final Instalment has been made, each Convertible Debenture will be convertible into common shares of the Company at any time on or after the Final Instalment Date, but prior to the earlier of maturity or redemption by the Company, at a conversion price of $21.40 per common share, being a conversion rate of 46.7290 common shares per $1,000 principal amount of Convertible Debentures. The conversion feature meets the definition of a Beneficial Conversion Feature (BCF), with an intrinsic value of approximately $92 million. Due to the contingency associated with the debentureholders’ ability to exercise the conversion, the BCF has not been recognized. Between the time the contingency is resolved and the Final Instalment Date, the Company will recognize approximately $92 million of interest expense associated with amortization of the BCF. > (pg.75 /100): https://www.hydroone.com/investorrelations/Reports/Hydro One Limited Annual Report 2017.pdf

Gold linked Notes, Value Estimate: wt: tprxf : US$0.90 @ C$3.06 UNITS: Date : Gold: GCM : Ratio: G/1250 x57%+104%= Debs : Wt2.21: CAD : $USD : 124wt: Comb.: USD$: x512.8: 05/23: 1300: $2.84 : 458. : 104.0 : 59.3 + 44.7 = 104.0 : $0.63 x0.779 = $0.49 : 06.1% : 110.1 : $2.21: 1133 : 05/25: 1304: $3.26 : 400. : 104.3 : 59.5 + 44.7 = 104.2 : $1.05 x0.771 = $0.81 : 10.0% : 114.2 : $2.51: 1287 : 05/31: 1305: $3.03 : 431. : 104.4 : 59.5 + 44.7 = 104.2 : $0.82 x0.772 = $0.63 : 07.8% : 113.0 : $2.34: 1200 : 06/19: 1277: $3.06 : 417. : 102.2 : 58.2 + 44.7 = 102.9 : $0.85 x0.753 = $0.64 : 07.9% : 110.1 : $2.30: 1179 : 06/26: 1258: $2.89 : 435. : 100.6 : 57.4 + 44.7 = 102.1 : $0.68 x0.751 = $0.51 : 06.3% : 108.4 : $2.17: 1113 : 06/29: 1255: $2.88 : 436. : 100.4 : 57.2 + 44.7 = 101.9 : $0.67 x0.761 = $0.51 : 06.3% : 108.2 : $2.19: 1123 : 07/31: 1234: $2.53 : 488. : 100.0 : 57.0 + 44.7 = 101.7 : $0.32 x0.769 = $0.25 : 03.1% : 104.8 : $1.95: 1000 : 08/03: 1223: $2.52 : 485. : 100.0 : 57.0 + 44.7 = 101.7 : $0.31 x0.770 = $0.24 : 03.0% : 104.7 : $1.94: $995 : ===== Last Col.: $1000/ 1.95= 512.8shs xC%2.52= C$1,292 x0.770= $995 (see detail, at bottom of post) $100K Face : x57%= $ 57,000 /$1250 = 45.6 Oz. + $43,000 How will the Gold-linked Notes be repaid ? During the six-year term of the Notes, the Company will deposit an amount of gold each year in a trust account (the “Gold Trust Account”). The annual number of ounces of gold to be deposited by the Company into the Gold Trust account and the amortization the principal amount of the Notes are as follows: Year? Ounces: %Face : Principal Amortization Year 1: 15,594 : 19.89% : US$19,492,000 (to Apr.30, 2019) Year 2: 15,600 : 19.90% : US$19,500,000 (to Apr.30, 2020) Year 3: 13,200 : 16.84% : US$16,500,000 (to Apr.30, 2021) ==== : 44,394 : 56.63% : US$56,492,000 (57% of $98Mn.) - Not callable for 3 years Year 4: 12,000 : 15.31% : US$15,000,000 : callable at 104.13%? Year 5: 12,000 : 15.31% : US$15,000,000 : callable at 102.07%? Year 6: 10,000 : 12.75% : US$12,500,000 : callable at 100.00%? >Total : 78,394 : 100.0% : US$97,992,000 : 78,394 ounces, equivalent to approximately US$98 million total principal amount at the US$1,250 per ounce floor price. Each quarter ending January 31, April 30, July 31 and October 31, the Company will amortize the principal amount of the Notes by selling the physical gold in the Gold Trust Account. The amount of the quarterly payments to Holders will be determined by reference to the London P.M. gold fix on the 15th day of January, April, July and October, as applicable, subject to a guaranteed floor price of US$1,250 per ounce (the “Floor Price”). The amount of the principal reduction (the “Amortization Payment”) each quarter will be based on the number of gold ounces and the Floor Price. The excess amount of the London P.M. gold fix per ounce over the Floor Price (the Gold Premium”) will be paid to holders as additional premium and will not be applied to amortization of the principal amount of the Notes. Total quarter... > info source: http://s21.q4cdn.com/834539576/files/FAQ/GCM-Gold-Linked-Notes-Debentures-FAQ-2018-04-30.pdf ===== How will the Gold-linked Notes be valued ? My Estimate: Valuing the Gold Links Debs, including Gold linkage & wts 104% * 43% + ($1300/1250= 104%) *57% = 104% + + :Wts: 124x ($C2.84 - C$2.21 = C$ 0.63 x .779 = US$ 0.49) = 124 x 0.49 = 6.1% ===> 104% (debs) + 6.1% (wts) = 110.1% This could be a low estimate, since it ignores the Time Value: below $1250 on the Debentures, and below C$2.21 on the Warrants. That could add another 2-3% to the valuation.

GCM made a new Closing High on Tuesday Updated, Last: C$2.84 at 5/23/2018 - Versus 610d.MA : 987d.MA : 700-800d : https://imgur.com/a/A6WhtQg Oddly, the 700d & 800d MAs provided resistance. 900d? We shall see. 1/5% Debs are worth : ($1000/1.95=512.8 shs) x (C$2.84 x 0.779-$2.21) = US$1,133, or $113.3

Non-Marginable: Stock price below 2 CAD Reg T Margin Cash or RSP/TFSA 100% * Stock Value 100% * Stock Value Stocks with Market Capitalization below 250 million USD Reg T Margin Cash or RSP/TFSA 100% * Stock Value 100% * Stock Value Stocks traded on Venture exchange. Reg T Margin Cash or RSP/TFSA 100% * Stock Value 100% * Stock Value > Source, IB: https://www.interactivebrokers.ca/en/index.php?f=marginCA&p=stk

VIVA GOLD / excerpt from write-up (invest cautiously, if at all) VAU.v ... update EXCERPT "That may sound a little cruel of me but when a company plucks a company out of bankruptcy court with a 424,000 ounce gold resource for a nickel an ounce, what the hell am I supposed to call it? But it gets worse. Midway Gold had gold projects in Nevada and was going into production when a whole bunch of things went south at the same time. The company went into bankruptcy in June of 2015, just six months before a major low in the price of gold. All their projects got dumped onto a judge's desk at a time you couldn't pay people to take gold properties in Nevada off your hands. Viva Gold Corp. (VAU:TSX.V) walks into the courtroom and buys what they now call the Tonopah Gold project out of hock for $25,000. It came with an M&I resource within the pit of 424,000 ounces after 641 drill holes and 87,700 meters of drilling. It also came with the biggest ball and chain around its neck in Nevada history. So they stole the project for $.05 per ounce of gold. But getting the project and the attached ball and chain out of the courthouse required one of the 200,000 ton dump trucks with the tires as big as ten elephants standing on top of each other in the form of a 7% NSR. That's why the judge couldn't give the project away. In all of recorded mining history there isn't a company mining hard rock that could break even with a 7% NSR. It's what's known as a "Deal Breaker." Or better put, "Ball Buster." This is where it gets really funny. The Viva management group bought a pig in a poke and they knew it. But they also knew that if they could get the owners of the NSR to get reasonable, they had an excellent chance of having the deal of the year. So they go to the guys holding the NSR and said, "Look guys, JC himself couldn't mine this at a profit with a 7% NSR so either get reasonable or consider turning it into the world's biggest tumble weed farm." The NSR holders thought about it. Tumbleweed futures are at all time low prices so they said, "OK." And they gave Viva a 2% NSR on the Tonopah Gold project. In Tex/Mex that's called, "El Goodo Dealo." But it gets even worse. Viva Gold is a new company and management hasn't yet taken the opportunity to totally blow out the share structure. So while they bought ounces of gold for $.05, the company has a market cap of $4.6 million CAD or about $3.6 million USD so investors can buy ounces of gold in Nevada for $8.50 USD." Read more at http://www.stockhouse.com/opinion/independent-reports/2018/05/18/viva-gold-steals-gold-project#1iYwZMSHGUTeb6Oy.99

Golden Valley (GZZ) holds an approximate - at 5/23/2018 : Sym : $Price : MkValue : + RZZ : $9.950 : $55,772K: 49.2% interest (5,605,246 shares) in Abitbi Royalties (RZZ) + IZZ : $0.330 : $ 1,376K: 16.6% interest (4,170,910 shares) in International Prospect Ventures Inc + MZZ $0.105 : -- $857K: 24.6% interest (8,163,634 shares) in Val-d'Or Mining Corporation + SOI : $0.230 : -- $920K: 3% (abt. 4.0M shs) of Sirios Res. & holds an NSR on Cheechoo, from 2.5-4.0% + BTR : $0.520 : -- $270K: 519,480 common shs of Bonterra (BTR.v) having an original value of $200,000 + XXX : $0.000 : -- $500K: GZZ will receive $500,000 in cash & Battery Minerals will incur $5.0Mn in expenditures + AZX : $0.070 : -- $250K: GZZ will receive $250,000 of Alexandra Shares over 4 years ===================== ---> Sub-Total : $59,945K: / 129.8 M GZZ shs = $0.462 per share ---> RZZ $cost : $xx,xxxK: ---> RZZ $gain : $xx,xxxK: ---> RZZ TAX?? : $xx,xxxK: ---> Sub-Total : : $xx,xxxK: / X.x M GZZ shs = $ + Alexandria may earn an 80% interest in the Centremaque gold project by issuing treasury shares of AZX.

Golden Valley Mines Update May 10, 2018 Val-d'Or. Québec – May 10, 2017 – Golden Valley Mines Ltd. ("Golden Valley" or the "Company") (TSX-V: GZZ) announces an update on several of the Company's activities, including developments at the Company's subsidiary Abitibi Royalties Inc. ("Abitibi Royalties"), of which the Company owns 49.2% (5,605,246 shares). 1. Related Entities Abitibi Royalties and Developments at the Canadian Malartic Mine Abitibi Royalties recently announced an update on its net smelter royalties ("NSR") at the Canadian Malartic Mine. An initial inferred mineral resource was recently declared on the East Malartic Property, which was a historical gold producer directly adjacent to the Canadian Malartic Mine. As at December 31, 2017, inferred mineral resources at Odyssey, East Malartic, Barnat and Jeffrey that are subject to Abitibi Royalties' 3% NSR are estimated at 2,313,925 million ounces of gold (32.8 million tonnes grading 2.2 g/t gold). The 2018 exploration program consists of 140,000 metres of drilling with a budgeted cost of $US17.2 million, including 80,000 metres for valuation in the upper and middle parts of the East Malartic Zone. There are currently three drill rigs at the East Malartic Project and six rigs at the Odyssey Project. In the Q1 2018, 22,089 metres of drilling (46 holes) were completed at the Odyssey Project and 13,600 metres (18 holes) were completed at the East Malartic Project. For more information pertaining to Abitibi Royalties' NSR interest at the East Malartic Property and the Odyssey Project, please see Abitibi Royalties' Technical Information in its press releases dated March 19, 2018 and May 7, 2018. International Prospect Ventures Inc. Golden Valley holds an approximate 16.6% interest (4,170,910 shares) in International Prospect Ventures Inc. ("International Prospect"). Dr. Scott Jobin-Bevans was recently announced as International Prospect's VP, Exploration. International Prospect has made application for rights to eight tenements totalling more than 927 square kilometres in the Marble Bar and Nullagine districts of Western Australia where new conglomerate-hosted gold discoveries have been made, led by Novo Resources. The tenements have been recommended for grant by the Western Australian Department of Mines and are now going through Aboriginal title process. International Prospect has signed three agreements with Aboriginal groups as part of this process and is awaiting their formal approval and grant of the tenements. International Prospect is conducting a review of historical work and planning its initial 2018 program. Val-d'Or Mining Corporation Exploration Update Golden Valley holds an approximate 24.6% interest (8,163,634 shares) in Val-d'Or Mining Corporation ("Val-d'Or Mining"). Initial ground work underway on several base and precious metals properties in NW Québec, including mapping and geophysical surveys, to further resolve targets for a drill program later in the year. 2. NSR Updates and Longer-Term Catalysts Sirios Resources Inc. ("Sirios") - Cheechoo Gold Property Highlights The information that follows has been prepared by partner and program operator Sirios and has not been independently verified by Golden Valley: Sirios recently announced its assay results in drill hole #139: 56.4 g/t Au over 8.2 m, including 867.1 g/t Au over 0.5 m from the Jordi Zone on the Cheechoo gold property. Sirios also reported that the 2017-2018 autumn-winter diamond drilling program at the Cheechoo gold property has been increased by more than 7,000 metres, bringing the total program to 25,000 metres. More than 55 drill holes have been completed in 2018 to date, in addition to the 33 drill holes completed in autumn 2017. Please see Sirios' press releases dated April 17, 2018; April 23, 2018 as well as Sirios' March 31st Management Report for further information. The Company currently owns approximately 3% of Sirios and holds an NSR on Cheechoo, which ranges from 2.5% - 4.0% depending on commodity prices. 3. Near-Term Catalysts – Joint Ventures (Partner Funded) Battery Mineral Resources Limited ("BMR") – Cobalt project near Matachewan, Ontario "Island 27 Prospect" A ground follow-up prospecting, mapping and sampling program was completed in 2017. Selective historical geophysical data has been reviewed and reprocessed. Historical drill holes were reviewed, re-logged and re-sampled. A detailed exploration effort for 2018 is planned, including diamond drilling of the target. On June 1, 2017, the Golden Valley entered into mining option agreement with BMR pursuant to which the Company will grant to BMR an option to acquire up to an 80% interest in the Island 27 Property, in consideration for which the Company will receive $500,000 in cash payments and Battery Minerals will incur $5,000,000 in expenditures over a 4-year period. Once the option is exercised, Golden Valley will have a 20% free carried interest in the property and a 1% NSR. Alexandria Minerals Corporation ("Alexandria") – Gold Project near Val-D'Or: "Centremaque Gold Prospect" Alexandria recently reported that a total of 7 drill holes for 3,348 metres were completed at Centremaque, of which two were included in Alexandria's press release dated April 9, 2018 (CAX-18-001 and CAX-18-003) to test the two known zones of mineralization. The information that follows has been prepared by partner and program operator Alexandria and has not been independently verified by Golden Valley: Alexandria reported that the shallow zone is hosted in brecciated, biotite and chlorite altered ultramafic volcanics with up to 5% pyrrhotite and 1% chalcopyrite from 285.85 m to 286.50 m and returned up to 0.65 m @ 14.50g/t Au in hole CAX-18-001. The deeper zone contained a zone of chlorite-tourmaline altered sediments/volcanics located north of the ultramafics, containing up to 9 visible gold grains gold grains between 337.10 m and 338.75 m. The zone returned up to 1.80 m @ 36.62 g/t Au, including 1.00 m @ 40.57 g/t Au at a depth of 337.10 m also in hole CAX-18-001. Hole CAX-18-003 intersected both zones with lower order intercepts. Drilling to date has shown the zone to extend for 300m. Please see Alexandria's press release dated April 9, 2018 for further information. Alexandria may earn an 80% interest in the Centremaque gold project by issuing treasury shares of Alexandria to Golden Valley over a four year period from date of signing with a total value of $250,000, and by conducting exploration activities totaling $4 million over the same four year period, of which $250,000 is to be spent in the first year of the option agreement. The price of the shares, and therefore the number of shares to be issued, is determined by reference to the market price at the time each tranche is due. Bonterra Resources Inc. ("Bonterra") – Gold Project near Osisko/Windfall Lake: "Lac Barry Prospect" The Lac Barry Prospect is located to the southwest along the projected strike extension of mineralization on the West Arena Property of Bonterra's 100% owned Gladiator Gold Project, which is currently being drilled on by Bonterra. In addition, the Lac Barry Prospect is adjacent to and immediately southwest of Bonterra's Coliseum Property. Bonterra is planning a follow-up exploration program per results obtained from 2017. Further ground geophysical and geochemical programs plus mapping, prospecting is also planned. The proposed drilling program will be success based and focus on mineralized trends extending west from Gladiator deposit. In 2016, Golden Valley granted an option to Bonterra to acquire an 85% interest in the Lac Barry Prospect. In accordance with the option agreement, Bonterra issued to Golden Valley Mines 519,480 common shares in the capital of Bonterra having an aggregate value of $200,000, and Bonterra must incur expenditures in an aggregate amount of $2,000,000 over a three year period on the Lac Barry Prospect. Bonterra has met the option agreement expenditure requirements for the second anniversary date (March 10, 2018) of $750,000. Upon the exercise of the option, Golden Valley shall retain a 15% free carried interest in the Lac Barry Prospect and a 3% net smelter royalty ("NSR"), with 1% of the NSR being subject to a buyback in favour of Bonterra for $1 million payable by Bonterra to Golden Valley. Glenn J. Mullan, P. Geo., the President and Chief Executive Officer of Golden Valley, is a Qualified Person for the purposes of National Instrument 43-101, and is responsible for the technical content presented in this news release. About Golden Valley Mines Ltd.: The Company typically tests initial grassroots targets while owning a 100% interest therein and then seeks partners to continue exploration funding. This allows the Company to carry on its generative programs and systematic exploration efforts at other majority-owned grassroots projects.

With Prices Up in so many locatons... P 4.5 Million @ The Rise? Bids in the secondary market are firming along with a stronger primary market. P 4.5 million / 28 sqm = P 160.7 k per sqm Excerpt on the Rise thread: " Secondary market is offering to buy a one-bedroom unit at around 4.5M. I bought mine from the developer at 5.2M including tax. If I want to resell, then I need to wait for more years to at least have a little profit if not break even. " / 2 / Maybe you have mixed up transfer tax with capital gains tax. As buyer, you are only obliged to pay the transfer tax. The developer is probably collecting the transfer tax; not the capital gains tax. > ssc: http://www.skyscrapercity.com/showthread.php?t=1723515&page=82

The toxic virtue-signaling Witch - is still play-acting The Russia story is now a proven hoax, yet she still pretends. (Could there be anyone dumb enough at Yale who would still believe the game she invented?) ABC News ✔ @ABC As per normal, HRC's strained & false humor misses the mark. Someone please, put a fork in this old hag who fools no one. Even her die hard supporter must be sick of her now. End it !

CH#2: #1: ChGE : MP: PP:/ GStk: LQD: news: kit: TonyC jk : EurSil: krFres uk: HkPh: uG : TMF(tlt)-ugl-hod, >Aug.'23: Flip-HOD: $79.38 +3.11, +3.3% @ 03.04.24 : $66.07, Flip-HOD: UGL-TLT : w/GDX: .. weak bonds, threatening to break uptrend xx.xx: 61.39 / 94.82 -1.70 = 64.7%. GLD ($187.91, 198%) UGL(2x GOLD) set to Break Out of Huge Cup&Handle?: GDX$26.66/ UGL$61.28= 43.5% (Gold: $2036, GLD$189, TLT: $93.87) Update: to 3/24 / GLD: top $2,089 / $194.45= r10.74 = ====== > HOD ( Oil bear), and LPTZ/TLT > Signal turns in Gold Date == : GLD : Gold : Ratio: XLE : TLT : LTPZ : TIP : TYX: HOD.t: USO : WTI : 8.07.20 : 190.81: 2,060: 10.80: 37.18 : 169.9 : 88.55: 126.2: 1.23% $158? 29.85: $40.0: 5.04.23 : 190.77: 2,039: 10.69: 78.11 : 105.2 : 60.90: 110.0: 3.72% 12.83: 60.70: $68.5: 10.30.23: 185.10: 1,998 : 10.79: 84.91: 83.99: 50.43: 103.1: 5.04% $7.40: 76.03: $82.0: 11.01.23 : 183.51: 1,986 : 10.82: 84.99: 85.10: 51.08: 103.2: 4.98% $7.64: 74.75: $81.4: 12.29.23: 191.17: 2,072: 10.84: 83.84: 98.88: 56.68: 107.5: 4.02% $9.28: 66.65: $71.6: 01.09.24: 187.93: 2,033: 10.82: 82.36: 96.62: 55.73: 106.9: 4.19% $9.02: 67.39: $72.2: GLD to-LTPZ Ratio : 21.4x ... March'2021 Peak in Gold maybe? r-24+? == Gold could be set for a bigger rally. Will help if Bonds rise... Gold (GLD) & Bonds (TLT) had correlated for a long time. but that correlation is weakening. Suggesting some concerns about US govt risk Looks like GLD / Gold has become a superior "Equity Risk off" Trade to equities. Gold may be delinking from Bonds now

A rehab plan for MRT 3, per Manila Bulletin, editorial + PH govt to spend P 17 billion on trains, tracks, signaling, equipment etc, to fully rehab MRT-3 + Will take 43 months (!) but should bring system up to capacity of 600,000 passengers daily + At low point MRT was down to just 7 trains, with one breakdown per day (on average) + Has been able to recover now to 15 trains carrying 405,000 ppd + A new maintenance provider nominated by (Japanese) JICA should begin work this month, to bring capacity back to 20 trains carrying 540,000 ppd Improvements are badly needed to take the strain off the roads and highways

NOTABLE STARTUPS AT THE TECH IN ASIA 2018 SUMMIT IN SINGAPORE QBO was lucky enough to attend the Tech In Asia 2018 Summit last May 14 to 15 at the Suntec Convention Center in Singapore. At this summit, we met all kinds of startups across Southeast Asia and our minds were blown by the rate at which the startup ecosystem is growing! The annual tech convention hosted numerous talks at different stages, all focusing on niche aspects of startup growth and development. There was a speed dating section for entrepreneurs and investors to meet. And of course, there were lots and lots of startups promoting their products. Here are a few notable startups we discovered: 1. COGNITV TECHNOLOGIES Cognitv Technologies is a Philippine startup that was founded by Joey Gurango and his daughter, Jolita Gurango. It's a fairly new startup — still an infant at only 4 months old! — and it offers a business analytics tool that makes use of artificial intelligence. Basically, through smart cameras, their product continuously identifies and collects customer demographics. 2. HumOn Now this is an app that might fly with Filipinos. HumOn is a startup from Korea whose product is an app that lets you transform your hums into musical scores! Just hum into your phone and it translates it into notes, and you have the option to turn that into a whole composition through templated music. No background in music necessary; this app lets your voice do the composing. 3. CODMOS CODMOS is another Korean startup, but this one is in the EduTech business. Their product is a fun game that teaches children how to code. This startup took the basic theories of coding and converted it into a game that is both fun and interactive. It leverages on a block-shaped visual language called 'blockly,' which is researched and developed by Google, so you know it's legit. 4. deal'n deal'n is a startup hailing from Singapore that offers a trading platform. It's a social enterprise that caters to the vulnerable members of society, meaning those who have trouble maintaining a stable income, like single mothers or persons with disabilities. It digitizes barter to encourage e-commerce as a source of alternative income. 5. GOOD FOR FOOD GOOD FOR FOOD is another Singaporean startup, but this time featuring a hardware product. GOOD FOR FOOD offers Insight, a Smart Food Waste Tracker, or what looks like an ordinary trash can from the outside, but is actually a machine that analyzes the kind of trash put into it. It gathers data and gives customers insight (see what we did there?) to reduce kitchen's food waste, cost, and environmental impact. These guys are just a few of the awesome startups that we got to meet over the 2-day summit. There are so many new great ideas and technologies out there that the future is looking real bright for the Southeast Asian startup ecosystem!

UNSEALED ! Weiner's laptop The Witch may soon be in big big trouble Listen, starting at 4:25 minutes BOOM: IT'S HAPPENING. (What is expected? per 2016 source): NYPD Source: Weiner Laptop Has Enough Evidence “to Put Hillary ... https://www.thenewamerican.com/.../24549-nypd-source-weiner-laptop-has-enough-e... Nov 3, 2016 - Sex crimes with children, child exploitation, money laundering, perjury, and pay to play, reads the partial list of crimes that, claim New York City ...

HOLD YOUR NOSE! She is still around... She STINKS of Corruption & they paid her $1 Million to Speak Former SOS and two-time failed presidential candidate Hillary Clinton will be giving her highest priced paid speech ever this evening Former Secretary of State and two-time failed presidential candidate Hillary Clinton will be giving her highest priced paid speech ever this evening when she addresses the Democratic National Committee (DNC) Women’s Leadership Forum in Washington, D.C. The Democratic National Committee (DNC) is effectively paying Clinton nearly $1 million to speak at the Women’s Leadership Forum, an annual Democrat fundraiser, on Thursday. The DNC and Democratic Congressional Campaign Committee (DCCC) have paid Clinton’s political organization, “Onward Together,” nearly $900,000 for list acquisitions. > http://12160.info/page/former-sos-and-two-time-failed-presidential-candidate-hillary-cli What is wrong with the evil witch's back? She's hiding something with that outfit Comment by Diana 1 hour ago Look at the pathetic attempt to use a scarf to hide her back brace. She better make her money while she can. Patients with Parkinson's Disease always go downhill. They may go fast or slow, but they slide. One of the major steps along the way is a sign called "camptocormia." When the neurologic problems get bad enough, PD patients will walk with a severe forward slump. It's not that they are getting arthritis or some other problem. They simply lack the neurological control to keep their bodies upright while sitting or standing. Read more: Is Hillary Turning into Quasimodo? https://www.americanthinker.com/articles/2018/05/is_hillary_turning_into_quasimodo.html#ixzz5FnS44tB3

From the Colliers Report for Q1 Looming bubble burst? Given the strong demand, significantly increasing prices, and record high supply, real estate stakeholders have expressed concerns of a possible housing bubble burst. Colliers believes however that a closer look at the recent trends in the market would reveal otherwise. Typically, housing bubbles are characterised by the following: (1) Dramatic rise in prices, driven by strong demand, speculation and exuberance; (2) The strong demand exceeds the pace of supply completion; (3) Developers attempt to chase the demand and start to build more units; (4) Speculators enter the market further driving demand for more houses (in this case, condominium units); (5) At a certain point however, demand slows down while supply continues to increase; (6) This results in a drastic drop in prices, leading to a bubble burst. While various stakeholders may debate on the intention of buyers – whether for end use, investment, or even outright arbitra ge through resale, it must be noted that at l east two unique trends in the Metro Manila market would assuage fears of a bubble burst. Firstly, the downward adjustment in 2018 supply from 27,000 units to 12,700 units effectively softens fears of an oversupply. And even at 12,700 units, we expect more delays toward the latter part of the year. Secondly, vacancy improvement in the secondary market within the key submarkets of Makati CBD and Manila Bay Area proves the existence of real demand rather than pure speculation. We also note that sales to Chinese nationals have risen in 2017 and continued through this year. We attribute this to the influx of Philippine Online Gaming Operators (POGO) which sustained the office mar ket and c consequently impacted residential sales as POGOs often supply housing for their staff. Many of the major developers have reported increased international sales and cases where buyers are buying multiple floors or in bulk > 1q2018-colliers-quarterly-residential

PROPTECH start-ups coming to PH? Anyone following the new trends in PropTech, ie Property Technology start-ups? Very popular in HK and China The private sector has benefited by adopting proptech solutions, such as co-working space operators using sensors to detect vacant rooms and cubicles to fully utilise space, says JLL. And such growing trends are drawing investments. JLL said in a November report that 179 start-ups in Asia-Pacific have received US$4.8 billion, or over 60 per cent of the world’s proptech investments since 2013, with Hong Kong and mainland China taking US$3 billion of that amount. Hong Kong is also aiming to become a global hub for innovation and technology, earmarking HK$50 billion (US$6.37 billion) this year to boost the tech sector. Here are some key trends to watch. + Fitting smart spaces (& smart technologies) together, for enhanced efficiency + Big data analysis helps agents connect buyers and sellers + VR and AR for home viewing + Mobile apps for homebuyers and homeowners + The AI shopping concierge + BIM modeling gaining traction in construction sector + 3D printing & Pre-Fab construction + Blockchain for title registration – mother lode of smart contracting > http://www.scmp.com/business/companies/article/2145546/how-proptech-changing-hong-kongs-property-industry

As of today, the Company’s capital structure is as follows: Securities TSX Symbol Number Shares Issuable Exercise price per share Expiry date Common shares GCM 30,466,462 Stock options 47,000 47,000 CA$27.60 July 2019 709,999 709,999 CA$2.55 April 2021 1,006,328 1,006,328 CA$2.55 April 2022 81,666 81,666 CA$2.55 December 2022 1,844,993 1,844,993 Senior convertible debentures 2018 Debentures GCM.DB.U 34,389,642 17,635,713 US$1.95 August 11, 2018 Warrants GCM.WT.A 4,211,918 280,795 CA$48.75 March 18, 2019 Units (1) Unlisted 97,992 12,151,008 CA$2.21 April 30, 2024 Represent Units issued by the Company on April 30, 2018 (the “Closing Date”) pursuant to the Offering. Each Unit consists of US$1,000 principal amount of Notes and 124 Warrants. The Notes and Warrants comprising each Unit will not separate until 45 days following the Closing Date. The Notes and the Warrants are also subject to a hold period equal to four months and a day following the Closing Date and the Company will take commercially reasonable steps to obtain approval for the listing and trading of the Notes and the Warrants on the TSX by the end of the hold period. (Four months holding period ends: end of August, so trading of the new debentures & warrants should begin in early September.) Read more at http://www.stockhouse.com/companies/bullboard#bylV6sG3hOEb7Qc2.99