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10/31/14

The Friday OT: The Stranglers; Walk on by

On Tuesday I read that this track had been voted the third best cover version ever in some poll or other. The memory surge was strong, having bought the single and having played it to death once upon a time.


So off to the youtuber machine and...oh yeah, still a strong piece of music. Like the best covers, it takes the original song and goes in a different direction, leaving the original revered and respected. Great intro, top keyboards, just go for a stroll in the trees.


How we know the selling in junior miners isn't over yet

The market still thinks Great Panther Silver (GPL) (GPR.to) is worth over one hundred million dollars as a company. The end.

Chart of the day is...

...gold, hourlies:



But fear ye not, mortal, as tomorrow is All Saint's and evil will be banished from the Earth. Or summink.

10/30/14

Sheldon's bonuses

Thanks to reader MB, these fun little datapoints reach IKN Nerve Centre™


Now is that cool data or what? Thanks MB.

Yes indeed, Sheldon raped his vehicle by that amount in 2011, including a $1m salary, $32.2m in cash bonus (seriously) and the rest in options. Hey, I wonder if he'll hand any of that money back in order to get his company through the hard times?

This Thing Isn't like That Thing, Burkina Faso edition

This thing:

Interest in Burkina Faso's resource potential continues to grow with 7 producing gold mines built since 2007 ranking it 4th amongst the African nations, and it is now attracting the interest of mining companies because it is a politically stable democracy with good infrastructure.

That thing:

Protesters angry at plans to allow Burkina Faso's President Blaise Compaore to extend his 27-year-rule have set fire to parliament.
Correspondents say the city hall and ruling party headquarters are also in flames.
A huge crowd is surging towards the presidential palace and the main airport has been shut.
MPs have suspended a vote on changing the constitution to allow Mr Compaore to stand for re-election next year.

Nino Coppero latest

While we wait for HudBay (HBM) to pronounce on its bad apple Nino Coppero IKN Nerve Centre™ is  left to deal in scraps and off-record information handed its way on the subject. The latest is that we hear Mr. Coppero was summoned to HBM head office in North America, grilled by the highest of the high table and has now been summarily dismissed from the company (even though his LinkedIn page says he's still presently employed by HudBay...really ought to get that fixed, Nino). Desk cleaned out, no time to say goodbye, eye contact duly avoided by erstwhile colleagues, just like it happens in the movies.

Also seems HBM is waiting for the SEC to bring the hammer down officially before making a statement. Which is great PR of course. Of course.

PS: Curiouser and curiouser, said Alice. We now have Milbank Tweed Hadley McCloy crawling all over IKN and checking out anything Coppero-related.. That's a very interesting firm of lawyers, that one.

Pinetree (PNP.to) distressed selling continues

Lookie at what Sheldon did to Coro Mining (COP.to) yesterday at the close:


Betcha they're more worried at PNP about this price than they are at COP.

UPDATE: Oh, just noticed that Iwnattos has a lot more on Sheldon today, does it much better than here too. It has all the look of a small empire crumbling to veritable dust. Go see this.



Dalradian (DNA.to) provides a market litmus test

The news out from Dalradian Resources (DNA.to) today is strong and positive. Reading the whole thing is recommended but for the tl:dr among you, the title of "Dalradian Announces New PEA With 36.2% After-Tax IRR Using $1,200 Gold for the Curraghinalt Deposit in Northern Ireland" contains the main elements.

  • You got a new PEA
  • You got a strong post-tax IRR
  • You got that even at today's lower gold price.

Which brings us to the reason for the post, because under "normal" (whatever that might mean) market conditions for juniors, you could guarantee a decent pop and sustained higher price deck for the DNA.to stock price. But as you probably know this isn't a normal time, juniors are in the deep funk, people losing jobs in all places, Bay St divorce rates ticking up, weallgonnadie etc so I'll be watching DNA action today and tomorrow to see how it gets on; a better sentiment indicator for the sector is difficult to imagine.

Full disclosure: Yes I'm just watching today, because I own some DNA.to, I first bought in October 2013, added some reecently and my cost average as stands is 64c. It's one of the very few pure exploreco plays I like at the moment, not planning on selling anytime soon.