About 4 minutes ago, Cristina Fernandez de Kirchner announced that her Econ dude, Amado Boudou, would be her Veep running mate for the October Presidentials. A pretty logical choice.
The Daily IKN email digest, get all daily posts sent to you next day (& no ads)
A direct translation of this report from Colombia's El Tiempo last night:
As placards and marches have done no good, a group of women in the town of Barbacoas (Nariño) have decided to run a protest they have called "Crossed Legs Strike" to change the attitude of indifference of the town's men about the state of the only road that connects them to the rest of Colombia
The protest, that started Wednesday, consists in not having sexual relations with their husbands or permanent partners in this locality in the coast of Nariño province, where the population lives via mining, fishery and agriculture.
Maribel Silva, a judge in Barbacoas and promoter of the protest, said, "We feel forced to call to attention to the region's men the general situation of submission that they have assumed in Barbacoas, and also to protest to the government for better attention for the difficult social situation in which we live".
She said that the abstinence from sex is looking to force their men to speak out and define a limit date for the start of paving works for the section of the road between Junín and Barbacoas.
This road has taken many lives. We have been witness over the years to the enormous needs that our municipality has and the grave lack of development where we live", Silva said.
The National Institute of Roads (Invías) last year authorized the work to the Nº 3 Batallion of Engineers, to whom they gave a limit date of July 1st 2011 to start the work, but the protesters say that in the last meeting they said they were waiting to receive orders, that tenders had to be opened and studies done. "Therefore we know that it's not going to happen because the machinery or the workforce hasn't even arrived yet," added Silva.
According to Colombia Quiñónez, one of the women leading the protest, "We cannot say until when the women of Barbacoas will stay with their legs crossed, but we will do so until we are given a guarantee that the work will happen."
And the judge added that the town's men have already adopted a different attitude and now say that "a hunger strike is preferable to a sex strike."
UPDATE 3-Peru protests turn deadly as govt halts mine project
Bear Creek Mining (BCM.v): Still watching
No buy decision made on Bear Creek Mining (BCM.v) as yet, basically because I think the market is still buying into the company story that Santa Ana has a decent chance of making it into operation. It hasn’t. So once the false optimism wears off, I’m expecting BCM.v to give me a better entry point than anything seen last week, preferably sub $5.
UPDATE: Local news reports several vehicles on fire at the airport, thick smoke blanketing the area and now deaths are up to
Wonderfully dated, great melody and a slice of my personal memory bank.
Golden Minerals (AUMN) (AUM.to) and ECU Silver (ECU.to) is "A merger of equals": 100% agreement here
UPDATE: More on "a merger of equals":
Yup, equally crappy share price performance this year. This deal makes more sense by the minute.
It's incredible to think that installing a failed restauranteur as head guy of an Oil & Gas junior hasn't paid off so far...can't think why that should be. Hey David, you know this old joke?
Q: What the best way to make a small fortune in the stock market?A: Start with a large fortune, then.....
This is what they wrote:
Press Release Source: NovaGold Resources Inc. On Thursday June 23, 2011, 9:00 amVANCOUVER, BRITISH COLUMBIA--(Marketwire - 06/23/11) - NovaGold Resources Inc. (TSX:NG - News)(AMEX:NG - News) announces significant advancement towards completion of the prefeasibility study on its Galore Creek copper-gold-silver project ("Project") located in northwestern British Columbia. The study is being prepared by Galore Creek Mining Corporation ("GCMC"), owned equally by subsidiaries of NovaGold Resources Inc. ("NovaGold") and Teck Resources Limited ("Teck").Completion of the prefeasibility study is expected by the end of July 2011 and AMEC Americas Limited, an independent supplier of engineering and project management services, is concurrently preparing a National Instrument 43-101 compliant technical report. Upon receipt of the technical report, NovaGold will announce the results and file it on SEDAR and EDGAR within 45 days of the announcement.The partners have approved a $30.5-million budget to carry out further work on the Project during the remainder of 2011. Planned work includes infill drilling to convert inferred mineral resources to measured and indicated categories, geotechnical drilling on the tunnel alignment and geotechnical drilling to confirm open pit slopes in areas targeted for conversion of inferred mineral resources. GCMC will also complete further environmental and engineering work in preparation for feasibility level studies."Completion of the prefeasibility study will be an important milestone as we work with Teck to optimize the Galore Creek project," said Rick Van Nieuwenhuyse, President and CEO of NovaGold. "Galore Creek is one of the most significant copper-gold projects in the world. Its timely development is important for all stakeholders, including Federal and Provincial governments as well as First Nation communities of northwestern British Columbia."During the second quarter of 2011, Teck completed its funding requirements of $373 million to earn its 50% interest in GCMC. The Project will move forward with Teck and NovaGold equally funding further Project development.
And this is what it means:
Press Release Source: NovaGold Resources Inc. On Thursday June 23, 2011, 9:00 amVANCOUVER, BRITISH COLUMBIA--(Marketwire - 06/23/11) - We cool dudes at NadaGold Resources Inc. (TSX:NG - News)(AMEX:NG - News) want to remind you all about what's happening at Galore Creek, because since the Kaplan guys sold oodles of shares earlier this year the stock is down about $5 to $9. So anyway, remember Galore Creek? Yeah that's right, the project we brought on board back in 2003 is now aggressively moving to a pre-feas stage! Wowsers, nobody can ever accuse us of dragging our heels, can they? Well in fact that's a bit wrong, because back in 2006 we already had a Full Bankable Feasibility Study done on Galore Creek that put the capex at U$1.8Bn....but then things got a bit smelly and we found out that the real cost of capex would be up to U$5Bn (yeah, five billion dollars) and so our JV partner Teck told us where we could stick our plans. So anyway, here we are nearly four freakin' years later and the new SparklySpangly Pre-Feas is nearly ready and we sure hope that you fall for our smoke'n'mirror exercise one more time, because so far you New York based sheep have been great to us.
Oh, and by the way, Teck has fulfilled its payment obligations on the JV now and so from today there's no more free ride on Galore Creek and we're going to have to burn your money on this dog that will never be a mine, new power line through the joint or not.
Love and Kisses, Rick!
Vladimir Iorich is the Russian billionaire and yer main man at Pala.
|As of June 22nd, 2011|
|Filing Date||Transaction Date||Insider Name||Ownership Type||Securities||Nature of transaction||# or value acquired or disposed of||Unit Price|
|Jun 22/11||Jun 21/11||Iorich, Vladimir||Indirect Ownership||Common Shares||11 - Acquisition carried out privately||1,400,000||$5.500|
I've kinda lost count, but it must be at or about 20% now.
It was nice while it lasted, wasn't it?
PS: I've already been quizzed twice, so let's put the info here. HDP is a Spanish acronym. H = hijo, D = of and P= an age-old service industry profession proffered to the world mainly by women.
...the year to date performance of the 52 licensed Mutual Funds in Peru:
"Their [the narcotraffickers] capacity for corruption goes far beyond what we can imagine. I assure you, and forgive me for being so frank, that here in this meeting there are many people on the narcotraffickers' payrolls and who are informing the narcos what's happening here in real time."
|IP Address||162.138.2.# (U.S. Securities & Exchange Commission)|
|ISP||U.S. Securities & Exchange Commission|
|Operating System||Microsoft WinXP|
Mozilla/5.0 (Windows; U; Windows NT 5.1; en-US; rv:22.214.171.124) Gecko/20110420 Firefox/3.6.17 (.NET CLR 3.5.30729)
|Time of Visit||Jun 22 2011 1:06:53 pm|
|Last Page View||Jun 22 2011 1:06:53 pm|
|Visit Length||0 seconds|
|Search Words||potg scam|
|Visit Entry Page||http://incakolanews....k-pump-and-dump.html|
|Visit Exit Page||http://incakolanews....k-pump-and-dump.html|
|Visitor's Time||Jun 22 2011 2:06:53 pm|
Hey Belfiore, ready for the nice men and women of the SEC to come visit you in Lima?
Press ReleaseRelease Date: June 22, 2011
For immediate releaseInformation received since the Federal Open Market Committee met in April indicates that the economic recovery is continuing at a moderate pace, though somewhat more slowly than the Committee had expected. Also, recent labor market indicators have been weaker than anticipated. The slower pace of the recovery reflects in part factors that are likely to be temporary, including the damping effect of higher food and energy prices on consumer purchasing power and spending as well as supply chain disruptions associated with the tragic events in Japan. Household spending and business investment in equipment and software continue to expand. However, investment in nonresidential structures is still weak, and the housing sector continues to be depressed. Inflation has picked up in recent months, mainly reflecting higher prices for some commodities and imported goods, as well as the recent supply chain disruptions. However, longer-term inflation expectations have remained stable.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The unemployment rate remains elevated; however, the Committee expects the pace of recovery to pick up over coming quarters and the unemployment rate to resume its gradual decline toward levels that the Committee judges to be consistent with its dual mandate. Inflation has moved up recently, but the Committee anticipates that inflation will subside to levels at or below those consistent with the Committee's dual mandate as the effects of past energy and other commodity price increases dissipate. However, the Committee will continue to pay close attention to the evolution of inflation and inflation expectations.
To promote the ongoing economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate, the Committee decided today to keep the target range for the federal funds rate at 0 to 1/4 percent. The Committee continues to anticipate that economic conditions--including low rates of resource utilization and a subdued outlook for inflation over the medium run--are likely to warrant exceptionally low levels for the federal funds rate for an extended period. The Committee will complete its purchases of $600 billion of longer-term Treasury securities by the end of this month and will maintain its existing policy of reinvesting principal payments from its securities holdings. The Committee will regularly review the size and composition of its securities holdings and is prepared to adjust those holdings as appropriate.
The Committee will monitor the economic outlook and financial developments and will act as needed to best foster maximum employment and price stability.
Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; Elizabeth A. Duke; Charles L. Evans; Richard W. Fisher; Narayana Kocherlakota; Charles I. Plosser; Sarah Bloom Raskin; Daniel K. Tarullo; and Janet L. Yellen.
Crecí consciente de que en mi equipo jugaba Francescoli, Berti, Ortega, Gallardo, Salas, Solari, Aimar, Saviola, Crespo. Crecí entre tricampeonatos, delanteras deslumbrantes, defensas indestructibles. Crecí sabiendo que era hincha del mejor equipo del país y de la historia del Fútbol Argentino. El que más goles y puntos a favor tenía, el que más jugadores había aportado a la Selección, el de mejor promedio histórico... El Club del buen fútbol, de las inferiores extraordinarias, del paladar negro. Boca nos podía ganar seguido, pero era sólo una hinchada y huevos y cualquier cosa menos algo relacionado con el fútbol. Hasta que las cosas empezaron a fallar. Rastreo en mi memoria y recuerdo la noche en que San Lorenzo nos empata en el Monumental 2 a 2. Mayo del 2008. Se que la debacle empezó mucho antes, con Aguilar y el vaciamiento institucional y las largas listas de jugadores que fueron (y son) titulares y en otro tiempo hubiesen aspirado, a lo sumo, a cortar el césped de una cancha auxiliar. Pero esa noche sentí que una era terrible comenzaba en River para siempre. Que podían pasar cosas realmente malas.Y ahora estamos a las puertas de la cuarta zona del noveno círculo del infierno. Si algo aprendimos los hinchas de River es que siempre se puede caer más bajo. De quedar afuera de la Libertadores en Primera Ronda contra un equipo venezolano a no clasificar más. De no salir campeón a salir último. De perder siempre contra Boca a perder contra cualquiera. De ser respetados y temidos a ser el hazme reír del fútbol argentino. Juro que todos los miedos anteriormente enumerados no representan ni el 20 por ciento del que tengo ahora. Este equipo que se enfrenta a Belgrano por la Promoción no tiene personalidad, ni juego, ni ideas, ni ánimo, ni sabe qué bondi hay que tomar para seguir. No le puede hacer un gol ni al arco iris. Estamos condenados y el mundo está lleno de bosteros crueles.Quiero volver a tenerle miedo al chico malo del aula. Quiero volver a sentir miedo a la oscuridad. Quiero el miedo al desamor y la infelicidad infinita. Cualquier cosa es mejor a este miedo novedoso, siniestro, definitivo: miedo a que River se vaya a la B. A que un sábado frío de agosto juegue contra Aldosivi en el Mundialista. Y empiece ganando. Y después le empaten. Y finalmente pierda.
June 22nd 1986. First there was this....
...and a few minutes later, this.
Wow, time flies.
- The Pope Is Catholic!
- Bear Shits In Wood!
- The Sun Will Rise Tomorrow!
Here is an overview of the principal "emerging criminal groups" in Colombia. The Colombian government refers to them as "Bacrim" (Bandas Criminales), and along with leftist guerrillas they are among the country's principal narcotraffickers. These groups are often called "new paramilitaries" because most are led by former mid-level commanders of the United Self-Defense Forces of Colombia (AUC), the paramilitary umbrella organization that underwent a formal demobilization in 2006.
In a new world record time, Ollanta Humala's honeymoon period ends before becoming President of Peru
"I dream of the reunification of Peru and Bolivia. I dream that one day the frontier disappears and we go back to being one nation, a single country."
Yep, sure looks like it.
...gold, long term.
...was sent to subscribers a few minutes ago, evening time in The Americas.
And people wonder why I have so little respect for the vast majority of Canadian brokerage anal ysts
Timeline courtesy of Sino-Forest’s erstwhile supporter, Dundee Securities:
June 1:(June 2: Muddy Waters releases its report.)Sino-Forest has a 16-year track record of operations, during which time it repeatedly completed debt and equity offerings without once being the subject of legal concern. The due-diligence required in these fund-raising activities is extremely strict and comprehensive, and every offering requires an army of accountants, underwriters, consultants and lawyers. The companies that have been coming under fire recently in China don’t have the history of operations and haven’t undergone nearly the amount of rigorous due-diligence that Sino has.
June 6:Based on our review and discussions with management regarding the company’s assets and operations over the past several years, to the best of our knowledge we believe that the allegations cited in the short-sellers “research report” are false and without merit.
Sino-Forest has established an independent committee to deal with the accusations accordingly. Although we expect that the special committee’s conclusions will support Company management fully, we are expecting further clarification on this process and hope that it comes quickly.June 7:“We are going to provide you with some information on why Muddy Waters research is a pile of crap”June 20:We are suspending coverage on Sino-Forest (TRE-T), effective immediately. Effective immediately our past ratings, target prices, valuations and estimates should no longer be relied upon. Until such time as the Company has made public the findings of the Board appointed Independent Committee together with the assistance of its external advisors including legal council Osler Hoskin & Harcourt LLP and the accounting firm PricewaterhouseCoopers and we have had time to review and analyze these findings we are not in a position to comment on or otherwise speculate on matters as they relate to the business practice or valuation of Sino-Forest.
..I'd say that GUY.to had broken down at $8 and was clearly on the way to $6.50:
Allied American Steel (AAST.ob) is a scam and today hired scumball criminal geologist Richard Tschauder as chief pumper
Allied American Steel Corp is pleased to announce the appointment of Senior Geologist, Richard Tschauder, to the Company's management team.
Mr. Tschauder is a senior geologist with over thirty years of experience in the mineral exploration and mining industry. Since 1996, he has drawn on that experience while acting as an independent consultant, concentrating on the identification and exploration of mining projects....
For 15 years, Rick was chief geologist for Hecla Mining Company...
Rick has over 25 publications in mining and economic geology...
His technical and field work experience will prove vital to Allied American...
"Rick is the perfect addition to our management team at this point of our development," commented Jes Black, Chief Executive Officer & Chairman of Allied American....
7. Contrary to their pubic representations, the Atlas Defendants knew that the halloysite at the Dragon Mine was not of the quality represented. Prior to making these public representations, Atlas was aware of reputable reports regarding the quality of halloysite at the Dragon Mine, which reports noted significant impurities (including alunite and iron minerals) and contaminants in the Dragon Mine that would prevent the halloysite from being used in high-end production. To perpetrate fraud on its shareholders, Atlas retained Richard Tschauder to publish findings contrary to these reports. Mr. Tschauder’s findings were false and were tainted with conflicts as he was not independent and had a financial stake in providing misleading information concerning the Dragon Mine’s prospects.
8. While touting the quality and quantity of the halloysite purportedly in its possession based on the conflict-tainted findings of Tschauder, Atlas fraudulently represented to the market that it was already selling halloysite to customers and had bright prospects of selling even more halloysite. In a January 19, 2005 press release, Atlas first claimed to have sold halloysite to a customer, NaturalNano, Inc. This purported sale never occurred and Atlas’ public representations were the result of collusion between Atlas and NaturalNano. Specifically, for no valid business purpose other than NaturalNano’s cooperation in creating the appearance that NaturalNano was purchasing halloysite from Atlas, and for no consideration, Atlas issued warrants to NaturalNano to acquire 750,000 shares of Atlas stock at $0.40 a share. As of August 9, 2006, those warrants were sold for $562,500 yielding to NaturalNano stockholders net cash proceeds after legal fees of $506,250.00, at the expense of Atlas shareholders. Tschauder, who authored the false reports for Atlas, was a shareholder of NaturalNano.
That what this report in Venezuelan press says this morning, anyway. Here's a direct translation of how it kicks off:
Tumeremo: The present and future of families in the municipalities of Roscio, El Callao and Sifontes that depend on jobs connected to companies associated with the Rusoro Mining consortium are in doubt.
According to José Manuel Rivas, on-site security supervisor for the Rusoro group, accompanied by security officer Miguel Pérez and contractor Pedro Romero, the mining operations of the consortium may close down operations on August 1st because since March the company has not received any authorization to sell gold overseas, violating the resolution Nº 10-07-01 emitted August 11th 2010. The men say that a functionary of the Venezuelan Central Bank (BCV) named Elí Sánchez told the company that while he was in office at the BCV no more overseas gold sales would be permitted.
Also, the company employees explained that the sale of gold to international markets is vital in order to acquire and renew the equipment used in the gold's extraction, as well as being the resources needed to invest in diverse social projects.