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3/2/15

Iwnattos does Rick Rule does BNN Market Call

Via a headsup from Iwnattos over at Market Narrative, your humble scribe notes that Rick Rule did BNN Market Call from PDAC this afternoon and you can watch the video too.

And hey wow, check out around minute 01:30 behind Rule's shoulder on the down escalator. That sure looks like Brent Legend Cook to me.

UPDATE: Not a bad Q&A in fact. Rule makes a particularly good point about how AISC and write-downs combine these days. Plus we get to see how well (ahem) his PDAC 2014 picks did over the year. You liked it at 3? Well you'll love it at 1.5!

Lies, damn lies and ____________", Chile/Peru mining edition (from IKN303)

Here's one and a bit pages from this week's edition of The IKN Weekly:




PS: Ugh, just noticed I used "i.e." when it should have been "e.g." Hate that mistake.

And so farewell, La Nación

I've been a reader of Argentina's national daily 'La Nación' for something like 16 years 17 years (come to think of it) and even though it's moved from a neutral stance to the current Kirchnerist government to a very hostile and anti-Kirchnerist editorial line in the last few years, it's always been more palatable and readable than the arch-haters of CFK over at Clarín. But today it's goodbye forever, La Nación, because you've just adopted the world's most stupid rules for viewing your reports and articles.

1) In a perfect world, a media channel on the web remains free of charge (e.g. The Guardian).
2) In a perfectly acceptable world you sign up your e-mail address and that lets you read the things, while your chosen media occasionally sends you a blurb in the mail (e.g FT Alphaville).
3) In an OK-I-Suppose world,the media channel runs a soft paywall, you get to read a limited number of pages per week or month, if you're a big enough fan of the site you can then pay up for full access (e.g. The New York Times), or you can search for the workarounds (not too hard).

But what you do not do is what the numbskulls at La Nación now require of you. Because since late last week, if you go to the front page and if you click on a report the site prompts you to either sign in with Facebook or with Google. But it wants you to give your Facebook or Google password while signing up, too. Seriously. Are these people mad? 

Therefore, as of today IKN has decided to offer two choices in the Argentina media links. You now have Clarín as an anti-government/CFK option, or you have Pagina 12 as the pro-govt/CFK choice. Neither is a great read (Clarín has gone more sensationalist over the years and its utter hatred of the CFK govt drips off the page, while Pagina 12 can be a dust-dry read and is rarely critical of a government that's neither angel nor devil), but put the two together and you get a balanced window.


And they're both free access. And neither is plug dumb stupid enough to ask for your sensitive online passwords. La Nación committed 21st century media suicide last week, the question is how long it'll take before they realize this.

Your PDAC 2015 program, highlight from day one

This page:


When compared against this chart.



Hey Torex! Good traded volume today! Winning!

Good old Eldorado Gold (EGO) (ELD.to), making your PDAC Monday morning that much funnier

Eldorado Gold (EGO) (ELD.to) started its NR today with this...
VANCOUVER , March 2, 2015 /CNW/ - Eldorado Gold ("Eldorado" or the "Company") hereby informs that on Friday February 27, 2015 , its Greek subsidiary, Hellas Gold S.A ., received a formal notice from Greece's Ministry of Productive Reconstruction, Energy and Environment (the "Ministry" or "Ministry of Energy") revoking the approval required to complete final construction of the processing plant at the Skouries Project.
...which means of course that the company is deep in the doo-doo as regards Greece (but frankly, those of us paying attention knew that already). However ELD saved the best til last with this unintentional hilarity at the end
"...the recent decision of the Ministry of Energy - if not reversed in a timely manner - may force Eldorado to reconsider its investment plans for Greece."
Translation: "Now look here you small brown chappies! If you don't allow us to mine in your country we may consider stopping our mining activities. So there."

Moral: Never underestimate the quantity of utter dumbasses running any given mining company.

Orignale Resources (MOOS.v) has great news today


VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 2, 2015) - Orignale Resources (TSX VENTURE:MOOS.v) ("Orignale" or the "Company") is pleased to announce it has amazingly managed to time one single semi-crappy drill hole assay from the 12,000m worth of complete dusters it drilled in late 2014 to coincide with the Monday morning of PDAC in Toronto. 
Initial assay results from the ongoing BS-North drilling program located on the Company's 100%-owned Moose Pasture Project in somewhere very cold indeed have returned 1.0g/t gold over 100m, including an intersect of 100g/t gold over 0.9m at 900m depth. The Company is conducting a blah blah blah just buy the stock will you, we need to run a placement.


3/1/15

The IKN Weekly, out now


Chile's gift to modern society

IKN303 has just been sent to subscribers. Thirty-four pages, over 16,000 words, most of them spelled correctly. Not covered in chocolate-flavoured coating. Yum.

And now, the great PDAC comic strip debate

This afternoon your humble scribe received this Calvin & Hobbes strip in the mail, along with a pleasant word or three from reader 'CM'. Well worth adding to the mix:

"...as I am an interested reader (aka freeloader) of your blog I've seen there is a discussion about the right tune for the PDAC, I thought maybe there is a PDAC comic strip needed as well.
 
"For me the one attached is the perfect description of the junior resource market when having conversations with company promoters, which I finally understood after having paid a nice new car into this market as apprentice's premium."

Well played, CM. Well played indeed.