High noon approaches for Centerra, Kyrgyz disputes as cash reserves dwindle
VANCOUVER (miningweekly.com) – A resolution to the drawn-out dispute between Canadian gold producer Centerra Gold, the Republic of Kyrgyzstan and State miner Kyrgyzaltyn could potentially be reached by mid-year, the multinational miner said in its year-end results statement issued late on Thursday.
Centerra, which in January filed a request for a partial award or interim measures against the Kyrgyz Republic with the Permanent Court of Arbitration, is seeking an award ordering the Kyrgyz Republic withdraw or suspend its claims relating to environmental, dividend and land use accusations, and related decisions and court orders.
Granters sold boat loads all week…a normal mkt shud mean they have to cover
let’s see if they do. ????
Good Morning Oasis
Santacruz to Transfer the El Gachi Property to First Majestic for US$2.5 Million
http://finance.yahoo.com/news/santacruz-transfer-el-gachi-property-180500367.html
Lundin Gold Inc. Reports 2016 Results
http://finance.yahoo.com/news/lundin-gold-inc-reports-2016-000000199.html
Australia’s 2016 gold output highest since 1999 -survey
http://finance.yahoo.com/news/australias-2016-gold-output-highest-010000338.html
Fortuna Updates Reserves and Resources
http://finance.yahoo.com/news/fortuna-updates-reserves-resources-100000785.html
Integra Gold Announces Updated Preliminary Economic Assessment: Pre-Tax NPV of C$602 M and IRR of 55% (After-Tax NPV of C$363 M and IRR of 43%) at US$1,250 per Ounce of Gold
http://finance.yahoo.com/news/integra-gold-announces-updated-preliminary-110000167.html
Taseko Monetizes By-Product Silver Stream for US$33 Million
http://finance.yahoo.com/news/taseko-monetizes-product-silver-stream-110000293.html
Primero Announces $75 Million Term Loan Refinancing and Organizational Review
http://finance.yahoo.com/news/primero-announces-75-million-term-115000308.html
Golden Star Announces Mineral Reserve and Mineral Resource Update
http://finance.yahoo.com/news/golden-star-announces-mineral-mineral-115500274.html
SEMAFO Reports 2016 Reserves and Resources
http://finance.yahoo.com/news/semafo-reports-2016-reserves-resources-120000480.html
Kirkland Lake Gold Beats 2016 Unit Cost Guidance; Provides 2017 Cost Outlook
http://finance.yahoo.com/news/kirkland-lake-gold-beats-2016-123000022.html
Sabina Gold & Silver Announces Back River Environmental Impact Statement Addendum Filed and Accepted by NIRB
http://finance.yahoo.com/news/sabina-gold-silver-announces-back-130000126.html
Morning Moggy
That sounds like good advice to me.
It will be interesting to see how things shake out in March with the debt ceiling.
Moggy @ 11:53 on February 26, 2017
Stockman is partially right except that default is not the only option Trump has. He can tell the Bondholders …”ya see those 5 year Bonds ya Got ..they are now 10 year Bonds ..and those Ten year Bonds Ya got there now 20 year Bonds ..ya money is safe ..ya just got to wait a little longer to get PAID…Its the secondary market that going to get hit as they mark the Bonds to Market and price takes into account the longer wait period and DISCOUNTS the Bonds in the resale Market to reflect the current price of a future payment thats further out into the Future ……InThe immediate budget Trump is going to allocate who gets paid with the available cash first and the rest will wait in line reflecting the same scenario as the Bond Market ..We owe it to ya ..ya just have to wait to get paid a little longer ..in the meantime we will give you some script (IOU)or food stamps to help ya through.Then ya Foreign Bondholders who threaten us ..remember we have the biggest MILITARY in the World ,so ya better accept the new terms.! So YA call this Government a Casino …yeah just remember Trump ran Casino ‘s he knows all about the Casino business and when to and how to get out of it….He is uniquely qualified to be President at this time in History. You debt holders guess what..when we get invited to have a creditors meeting ….when we leave the creditors meeting you will give the US more credit or you will never get paid …so think about how draconion ya want to make the terms before yo go down that Path ! When we owe you a billion we got a problem ,when we owe you 20 Trilliion you got a problem…
I been there …done that …at a creditors meeting in 1969 ..I know what Trumps options are …I got PAID ! The little guys will get paid first so they dont rock the BOAT and crash the deal ..ITS the BIG guys that have to make a DEAL and wait for their money ! I repeat I got PAID as I threatened the BIG guys at the creditors meeting Ill throw the whole thing into Bankruptsy if I dont get paid ( a small creditor) ..they all agreed and I got PAID. Eventually everybody got PAID ….They had to keep them in business to get paid….the big guys just had to wait a little longer.. Trumps been there done that ! I know what he’s thinking ! A DEAL !
Trumps only hope is to pay the interest
on the debt with Treasury issued currency backed by the taxpayer . at the same time the Federal Reserve notes are paid down with FRN’s .both can circulate together .Treasury issued currency can keep interest rates at ZERO forever .Fed Reserve Notes can enter the secondary markets as JUNK with higher RATES. same as Junk Bonds.Two tiered currency ,one domestic ,one foreign.
The current system dosent allow for the interest on debt to be paid because the currency to pay the interest is never printed ! therefore someone has to go bankrupt so someone else can pay his interest because the currency to pay the interest dosent exist. ALL Currency enters the system as DEBT and theres the problem. Interest cannot be paid with a currency that enters the system as DEBT.It must enter debt free as a preferred currency .LIKE a Gold BACKED currency ! payable in Gold that is NOT someones else debt !