"This is off Topic! WHY ZERO BUYING INTEREST IN RBY AFTER BREXIT?!?!?!?!? "
Good question for the annual meeting on the 29th, but if my memory serves me correctly they have a lot less gold than first estimated, it's very expensive to get the gold out of the ground, they laid off their entire work force, they have significant debt obligations and may have breached a debt covenant or so, can't recall for sure. Maybe just one of these issues or all of them combined could be effecting the share price, your guess is as good as mine.
With all due respect KG, it appears that you purchased RBY near it's peak, I hope you did not also purchase your home near the peak in '06/'07. I'm not sure if they are going to correct, but I am seeing a slight slow down, plus a prominent home builder's stock went down recently, Lennar, which could be a signal. Time will tell.
If not for an election year, Brexit may have been the first domino to fall, but I tend to agree that Yellen will chirp out something this week to try slow down and/or reverse the stock market pull back. I do think the market will struggle with general uncertainty associated with Brexit, at least in short term, and should struggle somewhat with general uncertainty associated with the US election, but this may or may not occur based solely on the current political climate.
On a completely different note, talk about herding in a few more sheep before they get slaughtered:
“But the Brexit vote also appears to have had a somewhat surprising consequence – it has at least temporarily driven U.S. mortgage rates lower as international investors look to America as a bastion of investment safety.
"When there's uncertainty outside of the U.S., investors move to safer investments. And in this particular case, we're seeing an interest in U.S. mortgage-backed securities," says Erin Lantz, vice president of mortgages at real estate hub Zillow.
Throughout Friday, investors from around the world poured cash into what are considered to be safe investments in order to shield themselves from international stock markets' monumental losses. Some invested in gold – sending prices skyrocketing – while others turned to the newer and generally more risky Bitcoin.
But many others funneled capital into America's mortgage-backed securities market. These types of investments are backed by a mortgage or a bundle of mortgages and are generally considered to be a safe bet for domestic and international investors alike.
I do think we are getting closer to home prices declining and it turning into a buyers market vs sellers market. However, this may not occur until late 2017 or so, but IMO we are getting closer to the psychology reversing.
I hope everyone survived the results of Brexit today, quite a drop. I went completely into cash about a week or two ago due to the market and charts not making much sense, less sense than even before. It should be an interesting Monday, but I think there is a lot to digest and learn from this vote that will take more than a weekend to fully understand its implications.
Also interesting that Yellen recently spoke and pretty much said everything is okay and on track, but Greenspan spoke today and said that the global economy is in serious trouble and that his biggest fear is not a recession, but stagnation. I'm sensing more stimulus may be coming our way at least once more. This begs the question when will the general market forces ever take over or do low interest rates remain for the next ten years and the US dollar goes to zero, interesting times.
Lastly, in all fairness to Yellen, she also didn't see the housing crisis coming back in '08/'09
Come one, come all, get in before it’s too late!
We had a hawkish Fed, now we have dovish Fed. Japan and Europe have negative yields with their equity indices down about 20% year over year. US data is slowing, what’s not to like?
The market will probably reach all-time highs and maybe even climb further this summer beyond rational belief. The Fed being dovish combined with an election year is very interesting to say the least. I'm now thinking a rate increase will probably not occur until September, which could cause some turbulence associated with uncertainty, but being an election year maybe not. The market continually gobbles up bad news without flinching. I’m enjoying the ride, but will probably peel off some profits and increase my cash position in the near term.
RBYCF recently floated with the tide, nothing and nothing less. You and others continually over estimate the short interest effect on this stock. According to Yahoo, RBYCF's float is about 393 million with a short interest is less than 5 million. I hope you will not surprised if they close up shop and put an out of business sign on the front door.
It's really been a spectacular week thus far, maybe it's due oil, the US dollar, and possibly because it's an election year, or a combination of all of the above. I hope everyone is enjoying this almost random rally.
Thanks for the warning. Several flaws in the paragraph above:
"He has a proven record of creating shareholder value and providing leadership in public companies at both management and board levels."
Let's face it, he created shareholder value and made many, many millions for himself, but was also very good disintegrating shareholder value.
"He was a co-founder of Rubicon Minerals Corporation which, under his leadership, rose from a $9 million to a $1.2 billion company which is recognized as a leading near term gold producer."
Very poor example to be associated with a sham company.
"During David’s tenure Rubicon graduated from the TSX-V exchange to major listings in both Canada and the USA He is the recognized co-discover of the world class F2 gold deposit in Red Lake ..."
"World class", did anyone proof at New Castle proof read this paragraph?
"Also heard the owner of hedge fund saying his firm is shorting BABA because they don’t think numbers from that company are correct."
BABA down today over 7% due to SEC probe on their accounting practices.
The market indices were hovering at about even for quite some time, glad they all of the sudden chose to go north. Most experts predicted south, which could and will occur at some point and time, but hope everyone is enjoying this ride.
Absolutely! This has really been a wonderful rally to begin the week and I hope everyone is enjoying it. I don't expect it to last, but no need to fight the tape as of now.
Tim Cook said:
"The holy grail of the watch is being able to monitor more and more of what's going on in your body," he said. "It's not possible technologically to do it today to the degree that we can imagine it, but it will be."
I can't help but think that with the iPhone 7 package containing Bluetooth earbuds that this will help to decouple the Apple watch from the iPhone while exercising, etc. I'm sure hoping for some have to have's with the new iPhone 7 and hopefully the Bluetooth earbuds that will come with it and since it will be thinner than previous iPhones will be somewhat of a hook to upgrade. I'm also still waiting for the next generation watch for a possible purchase, because I simply don't buy anything first generation.
My bad, I thought we were going to open up with negative futures this morning, but not the case. Hope your targets were met yesterday, though a lot can happen in the remainder of this option expiration trading day.
Between now and the meeting I'm sure they will provide a call-in number and/or a link so that shareholders can listen in or watch meeting via video.
It sure would be nice if they had a reunion of sorts at this meeting with David Adamson, Michael LaLonde and Winship.
You probably correct that they will bring a replica of the gold bar to this event, but will need security so that the new CEO is not overwhelmed with handshakes and hugs.
Do you think they will bring their gold bar to this meeting like they did at last year's meeting with security?
TORONTO, ONTARIO - May 19, 2016 - Rubicon Minerals Corporation announces details of its upcoming Annual Meeting of Shareholders on Wednesday, June 29, 2016 at 2:00 pm (Toronto Time) at the Offices of Stikeman Elliott LLP, 5300 Commerce Court West, 199 Bay Street, Toronto, Ontario.
Hope Pio attends the meeting this year so that we can hear his report. Interesting meeting location.
Agreed. I would probably go after the targets more toward the market open than close and also anticipate that the head winds associated with a rate hike will dissipate sooner than most think.
"I think many have lost sight of the value that is there. Problem is, RBY has financial obligations that are forcing, to who knows what extent, their backs against the wall. If that don't have willing financiers in the wings then the investment is distressed and will have to be sold cheap."
In general, if there is a bargain out there, banks will be lined up and eager to provide capital, especially if they are first in line. I'll say it again, it is important to understand the definition of and how and why a company goes into and files for bankruptcy.
"One disgruntled investor commented to me,"... they don't know how to get it out of the ground."
You need to do some research, it's not only them, but anyone else would also have a tough time getting the gold out of the ground economically in this complex deposit that was over estimated. There is a major next door named GG who has never blinked an eye at this deposit and could have taken advantage of some economies-of-scale. Again, this all circles back to BK.