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Rubicon Minerals cuts gold estimate by 86%, considers sale

http://seekingalpha.com/news/3024386-rubicon-minerals-cuts-gold-estimate-by-86-percent-considers-sale

Rubicon Minerals cuts gold estimate by 86%, considers sale

Jan 11 2016, 13:32 ET | About: Rubicon Minerals Corporation (RBY) | By: Carl Surran, SA News Editor

Rubicon Minerals (RBY -68.7%) shares collapse after the miner cuts its estimate for gold reserves at its Phoenix mine in Ontario by 86% and says it is evaluating strategic options including a sale.

RBY now says inferred gold reserves at the mine totals ~300K oz., citing new drilling information and changes in modeling; it had estimated 2.2M oz. of inferred gold reserves in 2013.

Analysts at Mackie Research say they are “totally shocked… particularly after so many engineering firms have reviewed the data. Not only is this a huge negative development for RMX, but is it also a huge black eye for the industry.”

On January 26^th 2006, the Washington Post reported that Al Gore “believes humans may have only 10 years left to save the planet from turning into a total frying pan.”

there was frost on my lawn, here in florida, this morning.  wazzup algore?  big changes in the next fifteen days?

climate is what you expect.  weather is what you get.

You can’t have freedom without money. The USA as a whole, has less money from trade deficits. Less money means less freedom. China Japan, S. Korea, Taiwan, Bangladesh, Mexico, etc etc now have more freedom, America has less freedom and more poverty.

Trust me.:)

Its all based on emotional ..feel good …vote buying   ..WE will be going bankrupt ..but we will” feel good “about it  …

” Every people get the Government they deserve  ”   ….A Majority have given their freedon away chasing  the Ghost of Security and they deserve neither ..

This will not end well ….

Metal has barely moved yet they are being smashed by the Scum.

Oil below 32…so much for it Ain’t Crashin and of course SM is being lifted….nothing changes.

Gold-exploration firm Rubicon Minerals (C$0.05, down 64%) said it has hired advisers to undertake a strategic review of options to boost shareholder value, including alternatives such as a merger or sale, new financing and capital restructuring. It also said it expects to record a “significant” impairment charges related to an updated resource estimate for the Phoenix gold project and its decision to suspend activities related to the Phoenix project implementation plan.

Ugly

Rubicon Minerals chart

and Silver futures are up .5%, shrugging shoulders

Probably not good news.

Eur/usd Hourly chart

Did 5 waves up from 1.072 to 1.094, then did 3 waves dn from 1.094 to 1.086, as a running correction, where tdys hi of 1.097 was top of B wave, ie above 1.094 where A started…..1.086 was almost 38 % of wave 1 and then put in an hrly bullish reversal, to the upside…. All in all a classic Elliot wave formation.

The next hr the Scum/Rig took out the 1.086 lo, as if none of it happened.

The biggest gold losers in 2015

http://www.northernminer.com/news/the-biggest-gold-losers-in-2015/1003746115/

Iran took steps on Monday to try to limit the diplomatic damage from an attack on Saudi Arabia’s embassy in Tehran by an angry mob, laying blame on a top security official and saying some of those who carried out the attack were being interrogated.

Iranian officials appear to fear that the Jan. 2 storming of the embassy by a mob protesting Riyadh’s execution of a leading Shi’ite cleric may derail moves to end years of isolation with the West following the signing of a landmark nuclear deal with world powers in July.

Saudi Arabia, Bahrain and some other states have broken off ties with Iran over the attack. The United Arab Emirates downgraded relations while some others recalled their envoys in protest.

The Tehran government quickly distanced itself from the attack, saying the protesters had entered the Saudi embassy despite widespread efforts by the police to stop them.

more http://www.reuters.com/article/us-saudi-iran-idUSKCN0UP1BL20160111

Banks Island Gold Ltd. Files for Bankruptcy

http://finance.yahoo.com/news/banks-island-gold-ltd-files-205110273.html

Tanzilla Project Update

http://finance.yahoo.com/news/tanzilla-project-223000276.html

Gran Colombia Gold Announces Approval of Debt Restructuring and Partial Interest Payments on Senior Debt

http://finance.yahoo.com/news/gran-colombia-gold-announces-approval-010555863.html

Coeur Reports Fourth Quarter and Full-Year 2015 Production and Provides 2016 Production Guidance

http://finance.yahoo.com/news/coeur-reports-fourth-quarter-full-120000322.html

Golden Star Exceeds 2015 Production Guidance, Provides Operations Update and Guidance for 2016

http://finance.yahoo.com/news/golden-star-exceeds-2015-production-120000888.html

South African rand plunges as investors fret over economy, politics

http://finance.yahoo.com/news/south-african-rand-plunges-investors-134613692.html

Scorpio Gold Reports Annual Gold Production at the Mineral Ridge Operation, Nevada

http://finance.yahoo.com/news/scorpio-gold-reports-annual-gold-130000284.html

Smells looks fishy. Looks like all men. Where and what are they eating? Where the hell are their cars and suitcases? How many miles do they have to walk? Are they all western sympathizers and getting thrown out of their native country?

It’s a muslim invasion, over 70 % are males @ 17-35, no old at all of either sex….the left who run Europe have finally done it, they are about to “f**k the entire continent….the only good bit, is that when Sharia law comes in, they will be the 1st swinging from cranes, due to their “lifestyles”……

Scum just goosed Dollar and SM higher and smacked AU….they don’t change…but Mkt maybe has.

Re Who pays

they don’t get charged and are given travel docs that allow them to travel for free……then they all have new phones and no-one knows who gives/pays for them either…least of all the call charges, as they are not resident anywhere, so ALL calls are overseas, at top rates…..who is paying….no doubt the taxpayer eventually…..it is utter madness.

Rut Roh as Scooby Do  would say for the US Equitities?