You really have to be into the subject, but it's just too delicious to pass over:
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You really have to be into the subject, but it's just too delicious to pass over:
Back in the days when Radiohead really used to rock out.
Meanwhile, a Friday OT extra as the person who took this video just days ago shares vacation fun time.
Greystar Resources Ltd. (GSL)
|As of March 31st, 2011|
|Filing Date||Transaction Date||Insider Name||Ownership Type||Securities||Nature of transaction||# or value acquired or disposed of||Unit Price|
|Mar 30/11||Mar 29/11||Amber Capital LP||Control or Direction||Common Shares||10 - Acquisition in the public market||1,685,100||$2.515|
|Mar 25/11||Mar 25/11||Amber Capital LP||Control or Direction||Common Shares||10 - Acquisition in the public market||584,400||$2.463|
|Mar 25/11||Mar 24/11||Amber Capital LP||Control or Direction||Common Shares||10 - Acquisition in the public market||1,100,000||$2.535|
|Mar 23/11||Mar 22/11||Amber Capital LP||Control or Direction||Common Shares||10 - Acquisition in the public market||648,400||$2.673|
|Mar 23/11||Mar 21/11||Amber Capital LP||Control or Direction||Common Shares||10 - Acquisition in the public market||200,000||$2.685|
|Mar 23/11||Mar 18/11||Amber Capital LP||Control or Direction||Common Shares||10 - Acquisition in the public market||758,300||$2.495|
|Mar 21/11||Mar 14/11||Amber Capital LP||Control or Direction||Common Shares||10 - Acquisition in the public market||77,200||$2.587|
|Mar 11/11||Mar 10/11||Amber Capital LP||Control or Direction||Common Shares||00 - Opening Balance-Initial SEDI Report|
4) New holder now at 16% of shares outstanding as at March 29th
5) Greystar (GSL.to) NR this morning April 1st (here's an extract):
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 1, 2011) - Greystar Resources Ltd. (TSX:GSL - News; AIM:GSL) (the "Company") ("Greystar") announces today that it has appointed Evolution Securities as its Nominated Advisor with immediate effect.
Evolution Securities Limited is a leading investment bank focused on serving its international institutional and UK corporate client base. It provides a range of investment banking services and isauthorized and regulated by the Financial Services Authority.
6) IKN leaves the op-ed on all this to Owly:
(but make sure you read the link at part 1), yeah? It's Evolution, Baby!
UPDATE: A chart and more owly:
Gotta love owly. DYODD, dude.
Disclosure: I've just been asked for a disclosure on this stock, which is fair enough, so here we go: No position long or short in GSL.to, but it was mentioned as a potential short-term trading buy in IKN99 last weekend (a timeframe I'm usually not very good at). I have no knowledge on whether subscribers acted on that suggestion.
Here's the joke:
LIMA, PERU--(Marketwire - April 1, 2011) - GoldSands Development (OTCBB:GSDC - News) announces that the Company's name has been changed from Constitution Mining Corp. (Old Symbol: (OTCBB:CMIN - News)) to GoldSands Development Company. Effective tomorrow the company's new trading symbol on the OTCBB is (GSDC.OB) and GoldSands Development Company new website is located at www.goldsandsco.comWith the new name, the company wants to express an expansion of its focus to assist with the development of the entire region where the company is working in Peru. Our company is working towards building trust and sustaining yada yada continues here
And here's what we wrote about it in this IKN post on March 3rd (my, doesn't four weeks fly fast?).
The scam we know as Constitution Mining (CMIN.ob) is helpfully changing its name to 'Goldsands Development Company' soon
Government Will Today Send Law Bill to Congress Against Gold Dredgers in The Amazon Basin
Thursday, March 3 2011, 7:02am
The Government will today send a Bill to Peru's Congress that will definitively prohibit the working of dredgers in all Amazon basin rivers.
In this way, the initiative girst reported by CPN Noticias on Monday and approved by the ministerial cabinet, wil be analyzed and sanctioned as quickly as possible so that the decommissioning of all dredging mahcines has a legal recourse.
The dredgers are considered to be one of the main causes of environmental deterioration in the jungle region and are located in the River Negro, Ullapichi, in the Pachitea basin Tahuayo, in Loreto, Atalaya in the Marañon river and Napo rover in Putumayo. CONTINUES HERE
- Don't read anything into the differences between PPK, Toledo and Keiko. That's a three-way tie, period
- April 3rd is the last day for polls, so there's going to be a real flurry of them over the next three days. Reliable PUCP is due out today, most others Sunday.
- Take them all with a pinch of salt these days. The only thing we can really say now is that Luis Castañeda is toast. Everything else is up for grabs.
- On Sunday evening (April 3rd) the live TV debate between the 5 main candidates will be a key moment in the campaign. Until that is out the way, nothing is decided.
- Subscribers: We'll be going into detail again on Sunday and there will probably be a later update on the Sunday evening debate too (especially if something market-moving happens).
..deaths in mining accidents in Peru, 2000 to 2011 so far.
Peru is killing them at an average of 5 per month so far in 2011...hey, right on the average! Good going guys!
Last night we had news out of Kinross:
QUITO, March 30 (Reuters) - Canada's Kinross Gold (K.TO: Quote) will invest $1.1 billion in Ecuador's Fruta del Norte gold project until 2016 and could begin digging an underground mine next year, a company executive said on Wednesday.
Dominic Channer, a vice president of the Toronto-based firm, said gold production could begin at the site in 2014.
Kinross says Fruta del Norte has proven and probable mineral reserves estimated at 6.8 million ounces of gold and 9.1 million ounces of silver, and that it should produce 410,000 gold equivalent ounces on average each year during yada yada continues here
(Reuters) - Kinross Gold Corp. (K.TO) expects to develop the big Cerro Casale gold and copper deposit in Chile, with remaining questions centering on when and how, not if, the company's chief executive said on Wednesday.
The Canadian miner acquired a 49 percent stake in the property when it acquired Bema Gold earlier this year. It is one of the world's largest undeveloped gold and copper deposits, with estimated reserves of 23 million ounces of gold and 6 billion pounds of copper.
"I think realistically if it takes a year to get sorted out on the plan, then it takes two years in construction, so you start thinking about it in production terms 3-4 years out," CEO Tye Burt told Reuters in yada yada continues here.
But this time at Fruta del Norte it's different. Of course. Oh yes yes yes yes.
...Bolivia's Natgas exports in dollar value per month, January 2006 to date.
This is what they wrote:
TORONTO, ONTARIO--(Marketwire - 03/30/11) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX:TXG - News) reports that it is working very closely with Mexican authorities and security measures are being discussed that will permit the Company to resume its exploration and drilling activities at its Morelos Gold Project in Mexico.
Fred Stanford, President and CEO of Torex stated, "I can confirm we have been in close discussions with the Economy Ministry of Mexico, who are spearheading efforts to ensure a timely and authoritative response to the temporary suspension of drilling activities at our Morelos Gold Project announced in our press release dated March 24, 2011. We are truly appreciative of the concern, interest and timely response shown by Minister Ferrari and his office as well as other Federal, State and Municipal officials."
"Action is underway and we are confident that Federal and State authorities will help facilitate the appropriate safeguards and security measures to allow us to recommence our exploration programs as soon as possible. We believe that this, along with new Company security measures, will result in a security presence that will provide long term stability for the Morelos Gold Project", he added "We could not have asked for better cooperation from government officials and plans are being developed for a timely return to the site."
And this is what it means:
TORONTO, ONTARIO--(Marketwire - 03/30/11) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX:TXG - News) reports that it still isn't drilling, its staff are scared crapless after being robbed of their 4X4 vehicles at gunpoint last week and that the salary bill for security going forward is going to cost an arm and a leg, what with the Morelos property being in the middle of freakin' nowhere and a sitting duck for further violent criminal attacks. I mean, it's not like Mexico has a problem with organizaed crime at the moment is it?
...even Minera Andes (MAI.to) can put together a decent profit. Just goes to show how many cracks a good market price can paper over, doesn't it?
Dear friends and colleagues,Last Tuesday at 9 o'clock in the evening, my eldest daughter Bertille was attacked by three men, raped and beaten up. The police thereupon kept her in their station from 10 o'clock till 4 in the morning, without giving her the slightest attention nor informing her family or the consular services.
Like any mother whose children have been treated like this in a town where delinquency is constantly growing, such behaviour raises doubts as to whether any investigation will be carried out, or the guilty men ever be punished.
Therefore, since strikes and protest marches are not part of my culture, and considering that I have worked for 38 years to provide Bolivia with the results of my research in the service of her past, I have resolved not to write a line, not to give another course nor a single lecture in the service of this country until this crime has been punished.
I trust to those among you who manage Spanish as well as French the care of translating this announcement, and I thank them in advance.
Marie-Danielle DemélasHonorary Member of the Bolivian Academy History
Chevalier e la légion d'honneur
Chers amis et collègues,Mardi dernier à 9h du soir, ma fille aînée, Bertille, a été attaquée par trois hommes, violée et passée à tabac. La police l'a ensuite gardée dans ses locaux de 10h à 4h du matin, sans lui donner le moindre soin ni aviser sa famille et les services consulaires.
Comme toutes les mères dont les enfants sont ainsi traités dans une ville où la délinquance ne cesse de croître, un tel comportement peut faire douter qu'une enquête soit menée, et que les coupables soient un jour châtiés.
Aussi, comme la grève de la faim ni la "marcha" ne font partie de ma culture, et rappelant que depuis 38 ans j'ai travaillé à offrir à la Bolivie le résultat de mes recherches au service de son passé, j'ai résolu de ne plus écrire une ligne, ne plus donner un cours ni une conférence au service de ce pays tant que n'aura pas pris fin l'impunité du crime.
Je confie à ceux d'entre vous qui manient aussi bien l'espagnol que le français le soin de traduire cette annonce et les en remercie par avance.
Membre honoraire de l'académia de la historia de BoliviaChevalier de la légion d'honneur
So what does the whacky world of markets think about Ollanta Humala leading the polls in Peru this weekend?
|Date filed||operation type||no.of shares traded||price||shares held|
|24/02/2011||10 - Acquisition or disposition in the public market||-29,300||$3.20||163,100|
|24/02/2011||10 - Acquisition or disposition in the public market||-45,700||$3.21||117,400|
|24/02/2011||10 - Acquisition or disposition in the public market||+1,000||$3.22||118,400|
|23/03/2011||10 - Acquisition or disposition in the public market||-44,200||$4.12||100,000|
|23/03/2011||10 - Acquisition or disposition in the public market||-5,000||$4.19||95,000|
|23/03/2011||10 - Acquisition or disposition in the public market||-5,000||$4.19||90,000|
|23/03/2011||10 - Acquisition or disposition in the public market||-5,000||$4.20||85,000|
|23/03/2011||10 - Acquisition or disposition in the public market||-15,000||$4.22||70,000|
|23/03/2011||10 - Acquisition or disposition in the public market||-10,000||$4.23||60,000|
|23/03/2011||10 - Acquisition or disposition in the public market||-10,000||$4.24||50,000|
|23/03/2011||10 - Acquisition or disposition in the public market||-10,000||$4.25||40,000|
|27/03/2011||10 - Acquisition or disposition in the public market||-10,000||$4.23||30,000|
|27/03/2011||10 - Acquisition or disposition in the public market||-5,000||$4.35||25,000|
|27/03/2011||10 - Acquisition or disposition in the public market||-10,000||$4.40||15,000|
|27/03/2011||10 - Acquisition or disposition in the public market||-5,000||$4.42||10,000|
|27/03/2011||10 - Acquisition or disposition in the public market||-5,000||$4.45||5,000|
|27/03/2011||10 - Acquisition or disposition in the public market||-5,000||$4.50||0|
- In 1994, Inversiones Geologicas (the Benedetti company) lent Minamerica (the Fifer company) U$400,000 at a rate of interest of 9.25% annual. This interest was calculated to 1998 and explians the $475,000 total judgement against Fifer.
- Fifer then got his company to lend him the money. In other words, he cleaned out Minamerica of all cash assets and we assume lived his own style of highlife on the $400k. And hey, that kind of wedge buys more than a single round of mojitos.
- When Benedetti (via his company) asked for his money back (we assume he went through the normal protocolar channels to do so), Fifer said something to the effect of "Minamerica is bankrupt, it has no money left, it's not my problem, sorry dude, you lose".
- So Benedetti then somehow finds out that Fifer asset stripped the company, pulled a fast one and was living on the money borrowed out of a company that he himself bankrupted.
- Then to the courts. Benedetti won.
...gold, hourly candles.
*yes, that's irony
- Try to pretend the threat isn't serious and have a really bad day at the office May 18th?
- Try to do the sneaky deaky and postpone the AGM?
- Do something that may equate to honourable (even at this late stage) and resign en masse before the fateful day arrives?
Inquiring minds, etc. Anyway, remember where you heard it first, people. At your caring and sharing IKN.
"Hi Otto, I have been reading your blog for a few months now and wanted to ask you about the discounted subscription. Does the $25 monthly subscription fee only apply when paying annually or can I subscribe now and pay $25 monthly as long as it is continuous? Hope that makes sense. As you can tell from this email, I really enjoy the blog. Thanks, PS"
- Next Monday April 4th, the price of The IKN Weekly is going up to $40 per month or $400 per year for all new subscribers.
- That means that anyone subscribed before April 4th will pay the current rate of $25/month or $250/year
- But to get to your point and answer your question PS, if you subscribe now at $25/month (or $250/year) you will not be asked to pay the new rate once it's in place. You will be grandfathered indefinitely at the old rate as long as you're on board before April 4th. By way of a clear example, if you subscribe on April 3rd, come May 3rd you'll be charged $25 for the next month's editions (and the same for all following months). But if you subscribe on April 5th, you'll pay $40 in May (and all following months). That also applies to the $250 yearly subscription price.
"...reading through the last few weeks’ news, I don’t see anyone saying publicly the three things that were most completely screwed up about this situation.1. The company giving 220,000 barrels a day as their figure for year-end oil output as late as February, even though they should have known a month earlier that the number was fiction.
2. Board members front-ran the bad news with millions of dollars in stock sales, during a period when they should have known about the bad news to come.
3. Executives are refusing to buck up and accept responsibility for missing on oil output and reserves replacement.