Posted by ipso facto
@ 14:31 on October 30, 2015
Aurcana Corporation Announces Commencement of CBCA Proceedings to Implement Restructuring Transaction
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct 30, 2015) – Aurcana Corporation (TSX VENTURE:AUN) (the “Company” or “Aurcana”) announces that it is today commencing proceedings under the Canada Business Corporations Act (the “CBCA Proceedings”) to implement the restructuring transaction announced by the Company on October 16, 2015 (the “Restructuring Transaction”) under which all of the Company’s debt obligations to Orion Mine Finance (Master) Fund I L.P. (the “Lender”), as lender under the Company’s amended and restated senior secured credit facility dated April 29, 2014 (the “Facility”), will be extinguished.
As announced in the Company’s news release dated October 16, 2015, the Restructuring Transaction has the following key elements:
•all of the debt obligations due and in default under the Facility will be exchanged for the Company’s interests in its Mexican subsidiaries that own the La Negra mine, resulting in the elimination of approximately US$38.7 million of principal amount of secured debt due and in default under the Facility on completion of the Restructuring Transaction;
•the Company’s annual interest costs will be reduced by approximately US$2.3 million;
•a newly incorporated affiliate of the Lender (“Newco”) will purchase certain non-core equipment from Aurcana and certain of its subsidiaries for a total purchase price of US$3.5 million;
•Newco will pay Aurcana US$40,000 per month for a total period of 12 months for certain consulting services to be provided to Newco by specified officers of Aurcana in connection with the operation of the La Negra mine;
•the Company will retain all of its other assets, including the Shafter mine, with no dilution to shareholders; and
•the Restructuring Transaction is expected to be implemented on or before December 4, 2015.
more http://finance.yahoo.com/news/aurcana-corporation-announces-commencement-cbca-173944100.html
Posted by ipso facto
@ 12:36 on October 30, 2015
Posted by ipso facto
@ 12:30 on October 30, 2015
Posted by ipso facto
@ 12:20 on October 30, 2015
POLLS
Will the price of gold end the year …
over $1200 (46%, 25 Votes)
over $1300 (31%, 17 Votes)
over $1100 (13%, 7 Votes)
under $1100 (7%, 4 Votes)
under $1000 (2%, 1 Votes)
under $900 (0%, 0 Votes)
Total Voters: 54
Posted by Ororeef
@ 12:11 on October 30, 2015
black line is DOW gold ratio looking toppy
Posted by Ororeef
@ 12:08 on October 30, 2015
indexes all look toppy
We could get a late Hollaween surprise DUMP !
Dow Gold RATIO looks the same !
Posted by ipso facto
@ 12:03 on October 30, 2015
Gold getting beat down but the mining shares holding their own.
Gold bottom soon?
Posted by ipso facto
@ 11:44 on October 30, 2015
Posted by WANKA
@ 11:27 on October 30, 2015
THE FOUNDATION
“[The people] are in truth the only legitimate proprietors of the soil and government.” —Thomas Jefferson, 1813
wj
Posted by Buygold
@ 11:19 on October 30, 2015
Yeah, it’s always been that way with them and now they’ve changed it. I dunno. They are scum.
USD is pretty weak today. Go figure.
Posted by Maddog
@ 10:58 on October 30, 2015
Re live qtes…the distinction shud be between a private individual and a Co/Professional outfit….as long as u are a private etc u shud pay only nominal fees for live exchange qtes…..and mny brokers waive those fees I beleive.
Posted by Buygold
@ 10:58 on October 30, 2015
I think I’m going to have to change but what a pain in the ass. Scottrade has always been fine for what I do. These Wall Street guys just never stop screwing you.
Posted by WANKA
@ 10:47 on October 30, 2015
of assad. but but but we shall see in the fullness of time as floridagold would say.
buygold as for charging you for real time quotes when you have an account is absurd. go to ameritrade at 10 bucks a trade and call it a day. they have a great quote platform with studies you will appreciate called trade architect. best 
wj
Posted by eeos
@ 10:46 on October 30, 2015
Seems to run circles around the other systems. I also like Interactive Brokers because they have a sell all button. It allows you to be able to run out of the casino as fast as possible as it’s burning. And then we have Uncle Jim Sinclair who tells us to take delivery our stock certificates, so they can’t be naked shorted. The problem is, the PM stocks are so crappy and volatile you’d be insane to try this
Posted by Buygold
@ 10:32 on October 30, 2015
White House to deploy troops in Syria – “to fight ISIS”
Psychopaths.
WW3 coming to a theatre near you.
Posted by Buygold
@ 10:27 on October 30, 2015
Bovine bullshit. For a small fee of $120 a month they can give me real time quotes.
I can get real time quotes on my IRA though because I guess I’m not a professional in that account. What a pain in the ass.
Posted by MadMike
@ 10:19 on October 30, 2015
Discuss it with your broker over a coffee. Special cup for them.
Posted by ipso facto
@ 10:05 on October 30, 2015
Screw them! Check out Ameritrade.
Posted by Buygold
@ 10:01 on October 30, 2015
Not a glitch. They have classified my account as a professional trader so now they provide delayed quotes. That makes no sense. I will be calling them because not having real time quotes pretty much makes their service useless. Hell, I can get real time quotes on Yahoo Finance.
the conspiracy part of me thinks they don’t want us to have real time quotes because of another upcoming flash crash……
Posted by ipso facto
@ 9:47 on October 30, 2015
Posted by ipso facto
@ 9:46 on October 30, 2015
I think it’s great news too. It’s called facing reality.
I’d call Scottrade and complain. Maybe it’s just a glitch.
Posted by MadMike
@ 9:41 on October 30, 2015
Posted by Buygold
@ 9:36 on October 30, 2015
That’s great news about Syria if true IMO.
Posted by Buygold
@ 9:34 on October 30, 2015
They’ve changed their live quote system in my account and now it’s delayed 15 minutes. I think I’ve had live streaming quotes from them for at least 10 years. Now they change?
Anyone else have that experience?
Posted by ipso facto
@ 9:34 on October 30, 2015
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