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drbubb

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  1. Listen to the end of this interview - How few show up at her rallies, a tiny fraction of those who turn up for Trump Jeff Rense & Jay Weidner - Crisis In America "from Aug.1 : 2,000 + 200 + 150 + 200 ... Eight events: only 10,000 showed up to her events"
  2. "Trump is a fool. That's what Harry Dent told. If he repatriates all illegal immigrants, it will be enough to cause a depression in USA." Can you explain the logic of that? How is : + Eliminating the extra health and educational expense burden on the US, and + Tightening the jobs market Going to cause a depression in the US? BTW, there are some industries in bad need of restructuring: + Health care, energy, banking, etc, plus + Government itself is highly inefficient There are many jobs in these inefficient area, and eliminating them will be painful. If at the same time, the red tape comes off small business and start-ups, The Next Great Depression might actually be a good and needed thing. We have a much better chance of getting a healthy Depression under Trump, and suffering under the boot of her satanic majesty
  3. How the Media rigs the poll This is a clear explanation. Basically, they have an unrepresentative number of Democrats - D+5, D+10, D+15, way beyond their actual share of the population. So, of course when you sample more Democrats than Republicans, you get more votes for Hillary Polling Bias Against Donald Trump | Bill Mitchell and Stefan Molyneux Published on Aug 21, 2016
  4. Beyond war on drugs, Philippines' Duterte seen setting up economic boom Reuters - 23 August 2016 MANILA: Less than two months in office, Philippines President Rodrigo Duterte is getting high marks from the business community for policies that could engineer an economic surge and companies say they are making new investments as a result. While Duterte may be getting headlines for a bloody war against drug dealers and users, less attention has been paid to one of Asia’s few economic success stories. The groundwork was laid by Duterte’s predecessor, President Benigno Aquino, who took growth above 6 percent over his six-year term , but executives are also cheering the new administration’s focus on building new infrastructure and say it could spell the start of a long-term boom. Some even see Duterte’s violent and highly controversial anti-drugs campaign as potentially positive. “We are in a very good spot,” said Antonio Moncupa Jr., president and CEO of East-West Banking Corp, one of the top 10 lenders in the country. “The pronouncement of government prioritising infrastructure spending, accelerating it and cutting red tape, solving peace and order, I think all point to very good prospects ahead.” Last week, the government announced that the Philippines’ economy grew at 7 percent in the second quarter from a year earlier, its highest level in three years. It makes the Philippines the fastest growing among all countries that have reported so far for the second quarter. When Duterte won the May presidential election, there were questions marks over how he would handle the economy... The mainstays of the economy - remittances and the outsourcing sector - are flourishing and boosting domestic consumption. DOMESTIC EXPANSION Jollibee Foods Corp, the biggest fastfood chain in the country, plans to open 200 more domestic stores this year. So does Robinsons Retail, taking its total to over 1,500. BDO Unibank Inc, the country’s biggest lender, plans to open 50-100 new branches this year. “We are supportive and encouraged by the new administration’s socio-economic agenda, which has a holistic approach for the benefit of all, including JFC,” said Jollibee investor relations officer Cossette Palomar. However, the Philippines has a worrying precedent of a strongman leader. In the 1960s, when the country had one of the highest per capita incomes in Asia, Ferdinand Marcos took over as president. Two decades of dictatorship, corruption and plunder by Marcos left the Philippines in a shambles. “Business will be good under this administration,” BDO Unibank executive vice-president Luis Reyes said of Duterte. “Concerns centre more on the extra-judicial killings.” Supporters of Duterte say even as the long-term mayor of the southern city of Davao, where he earned his reputation for busting crime, he created the conditions for business to flourish. Government data show that the Davao region’s economy grew by 6.6 percent on average in 2010-14 compared with 6.3 percent for the whole country. According to one estimate, there were more than 20,000 people in outsourcing jobs in the city in 2013, and this sector was growing at more than 20 percent a year. Duterte’s reputation of carrying out his promises has given businesses plenty to look forward to - for instance his vow to make spending on infrastructure a priority. “I believe infrastructure is going to grow very fast and it will have a double or triple effect,” said Henry Schumacher of the European Chamber of Commerce in the Philippines. “Money will be available. An iron fist is going to be behind it.” SPEED UP, OR ELSE In May, Duterte told the country’s main telecom providers to speed up the internet, or he would junk laws that prohibit foreign competition. Duterte’s economic plan also includes lowering corporate and income taxes and a commitment to invest in education, to reap the demographic dividend of the country’s young population. About two-thirds of the Philippines’ 100 million people are of working age, between 15 and 64, rising from about 56 percent of the population in 1990. In 2030, about 70 percent of the 125 million people will be of working age, the government has projected. “This is another advantage given other neighbours in the region, most of Northeast Asia and some in Southeast Asia, have populations that are ageing and are therefore facing labour supply constraints,” said Euben Paracuelles, an economist at Nomura. Still, Joanne Burgonio, a 27-year-old software analyst in Manila, said it was too early to say what a Duterte presidency would bring. “My concern is transportation,” she said, adding that she waited two hours for a bus home the previous evening. “His focus now is (on) drug pushers, hopefully the focus will be on infrastructure. I am optimistic because whatever he promised before he was elected, he is doing.” -- Reuters Read More : http://www.nst.com.my/news/2016/08/167600/beyond-war-drugs-philippines-duterte-seen-setting-economic-boom
  5. DREAMS of Hillary #1: Hillary Vows To Shut Down Internet Press If Elected Infowars, and Breitbart Beware. And maybe GEI too (?)
  6. (Note on London Property from JLL) Update on Prime Central London market as of Q2 2016 – report from JLL London This week JLL issued press releases on both the sales and lettings markets in Prime Central London. Both releases contain a vast amount of information about the market at present so, given the level of detail, we would like to present them in their entirety. The definition of Prime Central London in terms of the data used covers the postcodes of SW1, SW3, SW5, SW7, SW10, W1, W8 and W11. PCL sales market press release Prime Central London sales prices decline in Q2, but the market is demonstrating resilience given strong headwinds The Prime Central London (PCL) sales market was notably quieter during Q2. This was driven by a combination of EU referendum uncertainty and weaker demand after the Q1 buying surge to beat second home stamp duty surcharges. In addition, higher stamp duty for high value properties continued to impact on market demand. Demand eased during Q2 as potential buyers adopted a wait and see approach ahead of the EU referendum. Since the vote to leave the EU, and the subsequent weakening of sterling, some international buyers have been more active although uncertainty still remains, especially for the medium-term PCL outlook. We have seen some activity from domestic purchasers in this market, encouraged to buy now that the result is known. The number of properties on the market has increased again during Q2 as vendors fail to sell or elect not to sell at prices unacceptable to them. This additional choice and bargaining power for purchasers is contributing to the price falls. Neil Chegwidden, Residential Research Director at JLL reflects on the impact for prices: “Given recent uncertainty it is unsurprising that prices have weakened during Q2. On average prices have fallen by 3.3% in the year to Q2, as a variety of influencing factors have impacted on confidence and switched the balance of power in favour of buyers.” Prices slipped by 0.9% in Q2 having fallen by 1.1% in Q1. Price falls over the past year have been greater for higher value properties although large lateral flats continue to hold their value better than other large apartments or houses. The sub £2m market continues to be the most resilient. However, prices have fallen marginally in each quarter since Q1 2015. In the year to Q2 2016 the number of sales increased by 13% compared with the year to Q2 2015. It is notable that transaction levels had reached the highest level in 8 ½ years in Q1, showing that overall the market remains very active. === (received by email)
  7. Interesting. Here's One of the Ways - that nasty CERN: A Particle Accelerator AccidentEven before construction began on CERN’s Large Hadron Collider, some scientists were concerned that collisions created by the souped up accelerator could create a number of problematic anomalies such as microscopic black holes, magnetic monopoles, or strangelets (also known as “strange matter”) — a hypothetical form of matter containing strange quarks that some believe could have a connection to dark matter. And while many of these fears have been dismissed by physicists as nothing more than rumors disseminated by “unqualified people seeking sensation or publicity,” there is still a general consensus that the inadvertent unleashing of strangelets would probably be a bad thing. Luckily, none of the LHC tests so far have produced any stray strange matter, but what’s to say that future high-powered experiments aren’t incapable of making the stuff? In fact, it’s been hypothesized that strange matter might exist inside the high-pressure cores of neutron stars. If we were to artificially create those conditions either on Earth or in space, it could have some dire and unwanted consequences. Read more: http://ilyke.co/8-ways-humanity-could-obliterate-the-entire-solar-system/79997#ixzz4I4sV9IW4
  8. Trump's Best Week (so far) While the satanic one rests, and O'barmy plays golf Hannity 8/19/16 | Newt Gingrich on changes in Donald Trump campaign, Paul Manafort resigns https://www.youtube.com/watch?v=3c_S-hiT3C8 Published on Aug 19, 2016 Hannity 8/19/16 | Trump's agenda: A look at how the GOP nominee plans bring law ,order to America
  9. Duterte admin revives plan to build Metro Manila subway (LRT line-5) Rappler-17 Aug 2016 The subway system is seen to link the Makati Central Business District, the Mall of Asia in Pasay City, and Bonifacio Global City (BGC) in Taguig. ... The LRT1 Cavite Extension was awarded to Light Rail Manila – a consortium ... MASS TRANSIT SYSTEM LOOP. (www.tahonews.com/wp-content/uploads/2015/02/First-Philippine-Metro-Manila-Subway-map1) . . . 1ST SUBWAY. The current administration says the subway PPP deal is being revisited because 'there is demand for the service.' Graphics by Nina Martinez/Rappler MANILA, Philippines – The P374.5-billion ($8.08-billion) project to build a subway connecting the cities of Makati, Pasay, and Taguig is being revived by the transportation department under President Rodrigo Duterte. The Mass Transit System Loop or Light Rail Transit Line 5 would have been the most expensive public-private partnership (PPP) deal implemented under former president Benigno Aquino III's administration. But it was removed from the PPP pipeline because of scheduling constraints, with officials saying that talks on the subway's final alignment were "eating up much time." The current administration said the subway PPP deal is being revisited because "there is demand for the service." (READ: 5 failed, shelved PPP projects under Aquino admin) "It is in the pipeline. We are revisiting it. We are 45 days on the job. [Terms of the project] should be better understood so that when we tender it, we do it right," Noel Kintanar, transportation undersecretary for rails and toll roads, told reporters on the sidelines of a transportation forum organized by ANC. "Just because it's off the table doesn't mean it is off the table forever," he added. Under the old plan, the project would be a 20-kilometer (km) system that will consist of a 16-km tunnel, a 4-km elevated railway, and 11 stations. The subway system is seen to link the Makati Central Business District, the Mall of Asia in Pasay City, and Bonifacio Global City (BGC) in Taguig. Other rail projects The country's first subway project forms part of a bigger rail transport plan, which includes 7 other PPP projects. Kintanar told reporters that the LRT1 Cavite Extension*, LRT2 operations and maintenance (O&M), LRT Line 4, LRT Line 6, Metro Rail Transit (MRT) Line 7, as well as the extension of the Philippine National Railways (PNR) to Clark, Pampanga and to Los Baños, Laguna are being continued by his department. The LRT1 Cavite Extension was awarded to Light Rail Manila – a consortium of Ayala Corporation, Metro Pacific Investments Corporation (MPIC), and the Macquarie group – in September 2014. Light Rail Manila's directive: rehabilitate the 20 stations and train cars of the LRT1 in 18 months and start the construction of the P64.9-billion ($1.37-billion) LRT1 extension from Baclaran to Bacoor, Cavite in June. The group's aim is to fully operate the extended line by 2020. For LRT2 O&M, Kintanar said his department is thinking of expanding the terms of the PPP contract. (READ: LRT2 East, West extension projects to be completed in 2019) "For the operations and maintenance of the LRT 2, we are looking at expanding it to full PPP. Wrap the west extension deal with the O&M, full rehabiltation of LRT2 trains, rehabilitation of elevators and escalators to a whole project," Kintanar explained. Meanwhile, the concessionaire of MRT7 is awaiting the final location of the so-called common station in North EDSA, before it starts construction. (READ: Right-of-way acquisition for MRT7: Zero) The MRT7 will connect Quezon City to San Jose del Monte, Bulacan. === === *LRT- Cavite extension: The 11.7-kilometer Cavite extension will link with the existing system immediately south of the Baclaran Station, and run in a generally southerly direction to Niog, Cavite. Eight new stations will be provided with 3 intermodal facilities across Pasay City, Paranaque City, Las Pinas City and Cavite. The new stations are Aseana, MIA, Asia World, Ninoy Aquino, Dr Santos, Las Piñas, Zapote and Niog. The intermodal facilities will be located at Dr Santos, Zapote, and Niog. The commercial speed of the Cavite extension will be 60 kilometers per hour. LRMC said the new stations will be accessible to and from nearby community facilities such as shops, schools, stadium, and park. Bouygues Travaux Publics, which will provide the railway infrastructure, is known globally for complex projects involving tunnels, engineering structures and road, port and rail infrastructure. Among its recent projects are the Hong Kong–Zhuhai–Macao Bridge, the Port of Miami Tunnel, and the Nîmes-Montpellier rail bypass in France. Other Maps Extensions : as proposed, 2012 BGC Bus-- : Night bus route
  10. Trump's BEST SPEECH Yet; (Is Hillary about to split at the seams?) - So said Roger Stone Stone: Manafort Pushed Out By Hillary’s Leftist Propaganda Machine (I think the Trump campaigners now have Hillary clearly in their sites, and we are now moving into the Fire-at-will stage, where she will be hit so hard she will come apart. Get your popcorn ready. This will be the most well-deserved political destruction in history, if it happens that way.) Trump starts at about 1:30 Hours... Trump starts out with an apology "believe it or not, I regret it... particularly where it may have caused personal pain" "The one thing I can promise you: I will always speak the Truth" Full Show - Trump Gives Best Speech Of His Campaign - 08/19/2016 "This is for all the people ... the forgotten men and women Who turn on the news and never hear anyone speaking the Truth. They just hear people fighting with other insiders over their own private interests " A real man who speaks of moral issues - that's what this is about There are some goosebumps here.
  11. The Liveability of Manila - stuck at over #100 (rank in the world) Each of 140 major cities of the world were assessed in 30 separate categories by EIU, a London-based service Manila came in again at #104 in the 2016 survey Problems: + Poor infrastructure, inadequate healthcare and education systems Ranked #5 in Southeast Asia, behind Sinagapore, KL, Brunei's capital, and Bangkok The roads and the infrastructure (including public transport) are a big part of the shortfall Good points: + Restaurants, availability of consumer goods and services The Survey makers believe the PH govt needs to invest more in the lower rated areas. Melbourne, Austr. was ranked as the most liveable city, followed by Vienna, Vancouver, and Toronto. A new trend has been a weakening of global stability scores - ie more terrorist incidents - which have been reported in many countries including: Turkey, Australia, Bangladesh, Pakistan, France, Belgium, and the US.
  12. Ayala has pioneered 3-year Homestarter Bonds: (As described in today's Philippines Daily Inquirer): Ayala Land raising P 10 Billion ALI will be raising P 10 Billion to refinance older debt paper. Includes P 3 bn of Homestarter bonds, with a tenor of three years: + Targeting retail investors, who want to set aside money for full or partial downpayments on ALI properties + Bondholders will earn a bonus credit - giving them a discount on the net selling price of properties + They will be able to apply principle and interest (net of taxes) to purchase properties + Partner banks will make a market for those who want to sell early + Previous similar bonds were available in min. of P50,000, with P10,000 increments to max. of P 5 mn The remaining P 7 billion will be raised in a 10 year bond with a fixed rate of 4.75% per annum ALI is paying a cash dividend of P 0.238 per sh, bringing full year dividends to P 0.476, a 15% rise from last year
  13. The Subway ( Makati > BGC ) may be back "on" soon > http://www.philstar.com/business/2016/08/18/1614495/transport-deparment-pushes-metro-subway-project Transport department pushes Metro subway project By Louella Desiderio (The Philippine Star) | Updated August 18, 2016 - 12:00am MANILA, Philippines – The Department of Transportation wants to pursue the subway that would connect business districts in Metro Manila as well as expand the scope of the public-private partnership (PPP) project for the Light Rail Transit Line 2 (LRT-2). Noel Kintanar, Transport undersecretary for rail said the government is looking to implement various railway projects. Among the rail projects being eyed is Line 5 or the subway that would connect the business districts in Metro Manila to ease congestion on roads. The Japan International Cooperation Agency has conducted a pre-feasibility study on the P374.5 billion Makati-Pasay-Taguig Mass Transit System Loop, which covers an underground railway system as well as elevated rail, to connect as well as address the traffic congestion in the three cities. Kintanar said the project is being considered “because there’s a demand and there’s a need.” . . . Also being looked into are LRT Lines 4 and 6 which the previous administration wanted to implement through PPP. The LRT 4 involves the construction of a proposed 11-kilometer rail line running west from SM City in Taytay to the intersection of Ortigas Avenue and EDSA in Ortigas.
  14. TWO OF THE BEST Speeches ever by a Republican candidate 1/ this refers to the foreign policy speech Hannity 8/15/16 | Gingrich Praises Trump's 'Historic' Speech on ISIS, Radical Islam https://www.youtube.com/watch?v=sY0TFjSeX6I Sherriff Clark's comments were spot-on ! 2/ the speech in Milwaukee Hannity 8/16/16 | Sean Hannity Analyze Donald Trump's 'Groundbreaking' speech at West Band WI Rally https://www.youtube.com/watch?v=NgNofUyM_Xw
  15. Reshufffle and New Reporting The Trump 'reset' handled expertly by Trish Regan, Megyn's replacement The Kelly File 8/17/16 - Donald Trump makes Major campaign shuffle, Mike Huckabee interview https://www.youtube.com/watch?v=o9PUltnzjGo Published on Aug 17, 2016 The Kelly File 8/17/16 - Donald Trump makes Major campaign shuffle, Mike Huckabee interview on National security after Donald Trump received his first Classified Intel Briefing, FBI sends redacted Clinton documents to congress
  16. (From an email from Doug Casey's team): "If these countries stop producing oil, their economies could fall apart." You may remember that oil crashed in the summer of 2014. It’s since plunged 75%. In January, it hit its lowest level since 2003. Oil tanked because there was simply too much of it. High prices and innovative techniques like “fracking” triggered a huge boom in global oil production. Over the last decade, U.S. output nearly doubled to the highest level since the 1970s. Production in other major oil-producing countries hit record highs. The global economy ended up with more oil than it needed. For the past two years, the global economy has been working through a giant oil surplus. Progress has been slow. According to International Energy Agency (IEA), the global economy is still oversupplied by more than 300,000 barrels per day (bpd). Yet, oil’s rallying. Today, we’ll show you what’s pushing oil higher. As you’ll see, it won’t cure the industry’s biggest problems… • Hopes of a production “freeze” caused oil prices to surge… Earlier this month, the Organization of the Petroleum Exporting Countries (OPEC), a cartel of 14 oil-producing countries, said it plans to hold informal talks in Algeria next month. The purpose of this meeting is to bring stability back to the oil market. Some analysts think OPEC could even freeze production at this meeting, meaning it would cap production at current levels. We aren’t holding our breath… • OPEC has already tried to cap output a couple times over the past year… The most recent talk took place in Qatar in April. OPEC even invited non-members like Russia. It was the first time in 15 years OPEC met non-members to discuss fixing output. . . . Oil is the economic backbone of every OPEC nation. It makes up 80% of Saudi Arabia’s exports…66% of Kuwait’s exports…and 46% of the United Arab Emirates' exports. If these countries stop producing oil, their economies could fall apart. Last month, Saudi Arabia pumped a record 10.67 million bpd, which broke the monthly record set last June. The United Arab Emirates and Kuwait are also producing record amounts of oil. If OPEC was serious about “stabilizing” the market, it wouldn’t keep flooding the world with oil.
  17. Sold down at $26.35, to 20% of my original position in HL/ HK10, because of this: The Rally in HK stocks may be ending HK:HSI / Hang Seng Index near 23,000 ... update - at 22,932, back to 610d MA China too? CN:ShComp / Shanghai Composite Index ... update
  18. Sold down at $26.35, to 20% of my original position in HL/ HK10, because of this: The Rally in HK stocks may be ending HK:HSI / Hang Seng Index near 23,000 ... update - at 22,932, back to 610d MA China too? CN:ShComp / Shanghai Composite Index ... update
  19. UK - Falling property prices : "biggest drop since November" The price of homes for sale in England and Wales fell in August, posting the biggest drop since November, as the summer lull added to uncertainty surrounding Britain's decision to leave the European Union, property website Rightmove said on Monday. Asking prices fell by a monthly 1.2 percent, according to a survey by Rightmove that covers properties put on sale between July 10 and Aug. 6, after shedding 0.9 percent in July. The biggest drop was in London and the South East, with asking prices falling by 2.6 percent and 2.0 percent respectively. "Many prospective buyers take a summer break from home-hunting, and those who come to market at this quieter time of year tend to price more aggressively," Miles Shipside, Rightmove director and housing market analyst, said. "This summer is also affected by both Brexit uncertainty and the aftermath of the buy-to-let rush in March to beat the stamp duty deadline." Britain voted to leave the European Union in a referendum on June 23 - a decision many economists think could tip the economy into recession and which prompted the Bank of England to cut interest rates for the first time since 2009 earlier this month. More http://uk.reuters.com/article/uk-britain-economy-housing-idUKKCN10Q0OE
  20. BIG SPENDING coming, and Bond market reforms P 7 Trillion for Infra in next 6 years - Phil. Daily Inquirer, pg. B1 "The DUTERTE Administration is expected to have spent a total of P 7 trillion in infrastructure projects over the next six years, thanks ti higher deficit spending, but the country will have also improved its ability to pay back the debt, according to the Dept. of Debt Management BSP readies PH bond market reforms PH's Central bank will lauch a series of reforms, boosting the trading of local bonds (and making it easier to borrow in PHP) The items have long been on the agenda, but they are now moving forward "they will provide greater liquidity" BSP chief seeks to boost financial inclusion Only 4% of Filipinos borrow from banks... BSP wants to boost the access to finance for those who live far from big cities. They want to improve people financial savy so they will use credit better
  21. Prod.: Total-- : Segovia : Other- : Qtr.1 : 31,489 : Qtr.2 : 38,229 : Vs.Q1 : +21.4% : 6mos : 69,718 : q2/mo: 12,743 : July- : 13,583 : ==== : 2015-q4 : 2016-q1 : 2016-q2 : July x 3 : Revs : $XX.xxM : $34.50M : $48.00M : $53.00M- : Prod. : 30,000e : 31,489 - : 38,229- : -40,750- Sold- : 30,000e : 29,686 - : 38,902- : -40,750- perOz: $1,000 - : $1,162 - : $1,250- : Aver. : $1,096 - : $1,175 - : $1,260- : - $1,300E Cost- : $XX.XXm : $20.33M : $26.45M : - $27.71M : perOz:: $1,000 - : $ 0,685 - : $ 0,680- : $ 0,680E : AftCosts: $XXxxM : $14.17M : $21.55M- : $25.29M- Adjust- : $XXxxM : $02.58M: $03.25M- : $03.30M- Ebitda : $XX.XXM : $11.59M: $18.30M- : $22.00M- otherC: $XX.XXM : $13.92M: $14.44M- : $15.00M- AdjNet: $XX.XM : $00.25M: $03.86Me : $07.00M- Shs-OS: XX.XX M : 125.5m : 157.8mn : 252.9mn - Per Sh.: ---------- : $ 0.002 : $ 0.03act : $ 0.028E ====== AvGLD : $105.4 - : $112.4 - : $120.0 - : Ratio - : r-10.40 : r- 10.45 : r- 10.50 : ==========
  22. "Gold production in the second quarter of 2016 totalled 38,229 ounces, up 34%..." Gran Colombia Gold Announces Second Quarter and First Half 2016 Results; Doubles Adjusted EBITDA and Increases 2016 Production Guidance August 11, 2016 TORONTO, ON --(Marketwired - August 11, 2016) - Gran Colombia Gold Corp. (TSX: GCM)(OTC PINK: TPRFF) announced today the release of its unaudited condensed consolidated financial statements and accompanying management's discussion and analysis (MD&A) for the three and six months ended June 30, 2016. All financial figures contained herein are expressed in U.S. dollars unless otherwise noted. Second Quarter and First Half 2016 Highlights Gran Colombia's adjusted EBITDA increased to $18.3 million in the second quarter of 2016 on the strength of improved gold production and reduction in total cash costs per ounce. This brings the total adjusted EBITDA for the first half of 2016 to $29.9 million, double the adjusted EBITDA for the first half of last year. See the Company's MD&A for the computation of this non-IFRS measure. The increased adjusted EBITDA in the second quarter of 2016 led to improved operating cash flow which in turn enabled the Company to continue to reduce overdue local payables and to generate $2.3 million of Excess Cash Flow that has been deposited into the sinking funds for the 2018 and 2020 Debentures. Gold production in the second quarter of 2016 totalled 38,229 ounces, up 34% from the second quarter of 2015, bringing the total for the first half of 2016 to 69,718 ounces, a 33% improvement over the first half of last year led by strong performance at its Segovia Operations. Following a record monthly total of 13,583 ounces produced in July, the Company is increasing its production guidance for 2016 to a total of 135,000 to 145,000 ounces of gold for the year. Gran Colombia successfully completed the comprehensive restructuring of its senior commodity-linked notes into senior convertible debentures on January 20, 2016 (the "Exchange Date"). Including holders' elections on the Exchange Date, to date a total of $28.9 million of 2018 Debentures and $0.9 million of 2020 Debentures have been converted by holders into common shares of the Company, reducing the aggregate principal amount of the Company's 2018 and 2020 Debentures by 16%. The Company launched Normal Course Issuer Bids ("NCIBs") on July 21, 2016 to use cash accumulated in the sinking funds for the 2018 and 2020 Debentures to repurchase the debt on the open market for cancellation. In the four trading days available prior to the second quarter earnings blackout period, Gran Colombia purchased a total of $0.2 million aggregate principal amount of its debentures for cancellation. At August 11, 2016, the Company has 252.9 million common shares issued and outstanding and the aggregate principal amount of the 2018 and 2020 Debentures was $53.7 million and $103.1 million, respectively. Revenue of $48.0 million in the second quarter of 2016, up 54% over the second quarter last year, reflects the increased gold production this year that contributed to a 47% increase in gold ounces sold, and the strengthening of spot gold prices in the second quarter of 2016. This brings total revenue for the first half of 2016 to $82.5 million, up 33% over the first half last year. Gran Colombia's total cash costs in the second quarter of 2016 decreased 13% from the second quarter a year ago to $680 per ounce helping to bring all-in sustaining costs("AISC") down by 10% to $811 per ounce for the second quarter this year. See the Company's MD&A for the computation of these non-IFRS measures. The net income attributable to shareholders was $0.01 million, or $0.00 per share, for the second quarter of 2016 compared with $3.0 million, or $0.13 per share, in the second quarter of 2015. For the first half of 2016, net income attributable to shareholders amounted to $10.9 million, or $0.09 per share, compared with a net loss attributable to shareholders of $0.3 million, or $0.01 per share, in the first half of last year. The adjusted net income attributable to shareholders was $3.9 million, or $0.03 per share, in the second quarter of 2016 compared with $1.7 million, or $0.07 per share, in the second quarter last year. For the first half of 2016, adjusted net income attributable to shareholders was $4.1 million, or $0.04 per share, compared with an adjusted net loss of $0.2 million, or $0.01 per share, in the first half of last year. See the reconciliation in the Company's MD&A for the computation of this non-IFRS measure. The increase in adjusted EBITDA, net of an increase in income taxes, in 2016 was the primary driver behind the improved adjusted net income results this year. Lombardo Paredes Arenas, Chief Executive Officer of Gran Colombia, commenting on the Company's results for the first half of 2016, said, "We are very pleased to see the improvement in our adjusted EBITDA in the first half of this year, made possible through our production growth at Segovia and further reduction in our costs. The increased level of operating cash flow we are generating is being dedicated toward improving our balance sheet through reductions in our payables and to buy back our senior debt through the recently announced NCIBs. We also feel confident enough at this point in the level of monthly production we are seeing at Segovia to raise our gold production guidance for the year to a total of 135,000 to 145,000 ounces." == > http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2016/Gran-Colombia-Gold-Announces-Second-Quarter-and-First-Half-2016-Results-Doubles-Adjusted-EBITDA-and-Increases-2016-Production-Guidance/default.aspx
  23. A RANT and Discussion on various topics, Starting out with the Presidential campaign. Moving onto ugly Americans and so forth... USA Prepares Show (AUDIO) Thursday 8/11/16: Dr. Richard Alan Miller
  24. The shape of things that might come - can you swallow this? . Hillary - The Black Pill Published on Aug 13, 2016 What will a Hillary Administration be like? My predictions.
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