Looks to me like the price of RBY has doubled from not so very long ago. This is due to the ability of the company to continue toward production. The last links have now been forged and they have the money
to complete the project. It will be only about a year now before they are mining gold and producing and selling it. Likely it will be a higher grade than advertised as they have remained conservative in their estimates. This is a gold rich region and they will find lots of gold. Some deposits will be exceptional and others will be in line with their estimations most likely. Overall it should be a great producer with profits that will please investors over the next decade. Big finds remain a very distinct possibility due to the nature of the region and the huge amount of property they have access to which remains unexplored to date.
Then why did investors readily make 175 million dollars available to them to complete the mine and bring it to production. I will tell you. Because they had people look at the facilities and the gold content and figure out if it was in fact a good investment. And guess what, they gave them the money right away!!!! Don't you think that they have very good people looking at this before they are going to put that much money into this company??? You bet your #$%$ they do!!!!
This is going to be a great producer and the price of gold is going much higher. Inflation is coming on strong and interest rates and the price of oil is going to push gold higher as well. Rby has little to worry about other than just completing the mine and the mill. The price of gold will take care of the rest for them. It will not be two years as you "guess". That is not what has been said and that is not the premise the money was given to RBY on either. They have commitments they must live up to and schedules they must keep. Management has their futures relying on their performance and they will do what is expected to retain their positions. They also stand to gain much more themselves by meeting their goals and bringing the mine to production as planned. Otherwise they will likely lose much themselves by failing to do so.
If they are in fact producing and making money then why would they sell out for less than what they are worth? The BOD would likely not approve such a thing and perhaps there is a poison pill in place that would prevent it entirely. But to state such a thing is quite irresponsible when you don't even know what the circumstances might be. If Gold goes back to 1600 or 1700 and ounce where do you think the price of RBY will be then???? It will be much much higher than where it is now and the company will be hugely more valuable as they are becoming a producer. You don't allow for the possible context changes that will inevitably becoming in the future. Inflation is picking up and Gold will be looked at as a hedge once again. I think that
RBY will be worth much much more in the near future. They have eliminated much of their risk and remain debt free. this is a monumental accomplishment that you have dismissed as nothing. I don't understand your thought processes. They don't make sense with what has gone on with this company.
It appears you are trying to promote fear of things that you yourself are making up. There is no offer to buy them out at this time and no good reason to even consider one.
Your suggestion that they would accept a paltry offer is just ridiculous on the face and there is not a shred of evidence to support that anything of the sort will happen.
This allowed them to progress without taking on more debt. Maintaining that status is great. It means they are still masters of their own destiny. I like that in a company. The offering was absorbed in the pps immediately and we are now recovering. This is the sign of a strong stock for sure. The investment that has been made into the property, mine shaft and facilities is all secure by the gold assets. This is a very exciting time for them. I am anxious for them to announce they have poured their first bars of gold!!!! That will be a real game changer of a day for sure.
How do you figure 40 percent on a thirty cent drop???
It is back up 5 cents today.
This is not a surprise. it has been coming for a long time and everyone knew they needed 100 million more to get to production. But, they got it with little effort. It is a done deal now and this company is solid with tons of gold in the ground. Pretty good investment without having to think about it much. Those who have held will make a great profit from this stock.
Apparently the market does like this deal as do I. You obviously are out of touch here.
Gold is very much desired despite what you say. Some are buying loads of it now with the price down so
much. This is because they are aware it will be going much higher. They will make allot of money from doing this.
This is a great opportunity to invest some cash and many realize this. Miners in general and RBY in particular will do extremely well over the next 18 months for sure. Inflation is coming soon. Gas is predicted to go to 4 bucks a gallon. That will cause the cost of everything to go up. Gold will be the go to hedge when this happens and we could easily see 1800 by the end of this year I think. I am betting hard on gold and have a long position in RBY I will not sell for quite some time. I think it will be a real money maker.
If they pay even a tiny dividend it will mess up the shorts. I am all for it. even if it is a small dividend I am 100 percent behind them on this.
Those are frand terms that Vringo submitted. They likely would be adopted by the court should ZTE fight this and lose. There would be nothing ZTE could do about this. Anything less would have to come through settlement with Vringo who might shave a little off the price to induce them to settle. But I doubt it would be allot because they have a very strong case and could get the full amount in two years time anyway.
You have got to be kidding. This place is useless and full of children who don't know what they are saying.
Got to freeforums and join the board there. I hub is good also. But don't waste time reading the #$%$ the jerk offs post here. It is mostly obscene and wrong.......
It will be positive as it means the case is progressing finally. It opens the door for the judge to rule.
Although I thought it was open already for a ruling on the workaround. It appears he did not think it
prudent to rule on that yet. I was hoping he would have before the SC. But alas he has not. Without that ruling on the workaround, I see little hope of any type settlement coming. But like I said he will then have to rule on some things to move this case along. Like it or not he will have to make some decisions and tell the parties what they are. I believe he will continue to support Vringo and make Google pay a tidy sum. It is only right that he does so now. He has said as much in his previous orders. That this is what he will do if forced to act.
I think he will stay true to his words. Judges are not ones to make idle comments and not follow through.
If the workaround is found to be not what it is purported to be by Google then it is very likely it will be at least a 7 percent rate and maybe even higher than that.
The reasons for this are as follows
1. Willful infringement after the Jury verdict and Judge's confirmation of that verdict.
2. Google is not bargaining in good faith having tried this bogus workaround scam.
3. Precedent in other cases with enhanced royalty rates being given due to the limited amount of life left in the patents.
4, Caselaw cited in the Judge's orders stating what approach he was using to determine damages.
It all adds up to at least a 7 percent rate and perhaps even more. Google is going to have to pay a huge judgment for this in the end. The longer it takes the more they will have to pay.
The interest keeps piling up day after day.
This is no game as some people seem to think. I has real consequences and Google will be brought to justice.
They have #$%$ Vringo off by now with their antics and as such they will not settle for less. Vringo has the upper hand and will play this out to the end if need be. What a payday that will be!!!! If they have to wait two more years for the full two billion dollars then that is what they will do.
They have other fish in the frying pan too. Others which do not have the resources or the desire to fight losing battles when they know they are in the wrong. They will settle and they will pay.
Okay I see where the presentation says Q1 2015. I really don't think it make much difference as it is only a few months. Point being that they will be starting and relatively soon. Hell one month is half gone this year already. It will be 2015 before you know it. By that time gold will be back at 1600 an ounce and they will be able to cash in on it. Maybe even more. Inflation is coming and that will push gold higher. The Chinese and Japan are buying it like crazy now and that alone will help it out allot.
QE will be phased out pushing interest rates higher which will also put pressure on gold prices to boot. I think RBY will have a very good year as this happens. Once they go to production it will really set them up for good things. Sorry if I shook some people up with my post. I don't think a few months is that big a deal at this stage with what is at stake. Important thing is that they do it the right way and it works in the end.
It is posted below guys under the June PEA posting under news on their site,
Maybe they have posted other things since then updating expectations, I don't know. I just know what I read and it is pretty plain English in that doucument.
says they need about 100 million more too.... which is not all that much money in this day and age. I think they will be able to find it with all the work and effort and being this close to pulling out the goodies!!!!!
This came from their website under the news tab.
I think it was released in June of 2013.
You can read it there if you wish. But is says second half of 2014 is their target date to go to production.
Rubicon Reports Positive Results for New Preliminary Economic Assessment and a 111% Increase in Indicated Mineral Resources
Download this Press Release (PDF 1.09 MB)
TORONTO, ONTARIO--(Marketwired - June 25, 2013) - Rubicon Minerals Corporation (TSX:RMX)(NYSE MKT:RBY) ("Rubicon" or the "Company") is pleased to announce positive results and highlights from a new preliminary economic assessment ("New PEA")1 and updated mineral resource estimate completed by SRK Consulting (Canada) Inc. ("SRK") for the F2 Gold System, which comprises part of the Company's flagship Phoenix Gold Project, located in Red Lake, Ontario. A technical report documenting the New PEA will be filed on SEDAR within 45 days in accordance with the requirements of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101").
While the New PEA continues to demonstrate positive projected economics for the Phoenix Gold Project, potentially generating an after-tax IRR and NPV of 27% and $531 million, respectively, we believe that the New PEA and the updated mineral resource estimate are conservative and provide room for further optimization.
An estimated inherent internal dilution of 26% was included within the stope design envelopes used to develop the conceptual mine design. An additional 15% external dilution was applied to the conceptual mining model, compared to 18% in the 2011 PEA, to best ensure that the estimated grades are achievable once we commence potential production. We chose to take a cautious approach and set targets that we can confidently achieve. The development of the Phoenix Gold Project continues to progress well and we remain on schedule for projected gold production in the second half of 2014."
What I read on their site was they had around 100 million dollars and would possibly need around another 100 million to bring it to production.
They may have burned some cash since that was posted I don't know. But they are getting things done and have succeeded thus far in what they have tried to do. I think this bodes well for them going forward. They have gold in the ground and are creating the means to retrieve it. I believe they will do well and will be making huge money in the years to come. Especially with the price of gold going back up to the 1600 dollar level and probably more as time goes on. Their production costs should remain pretty stable with a new facility and they may surprise and get even more gold than what they have projected. They have stated that their estimates are all actually quite conservative which means that there might very well be an upside surprise when the real numbers come out.
I don't understand something. I see many posters here saying that they will not start production until 2015.
But the RBY website indicates that they are going to start this year.
Why should I believe what posters are saying here? What is the truth with this issue. Are they on schedule or are they not.
Also their website says they only need about 100 million dollars not 200 million like people here are saying.Once again, who do I believe????