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"...the Company is conducting a private placement offering of up to 38,461,539 units to investors in South America (the "South American Placement") through Celfin Capital S.A. SAB ("Celfin") as lead Agent of the South American Placement for gross proceeds of up to $20,000,000."
"Under the terms of the South American Placement, 23,749,338 Units were sold at a price of $0.52 for gross proceeds of approximately $12.35 million."
...was sent to subscribers at just after 8pm EST tonight, Friday.
The market never sleeps.
This week the choice is a total no-brainer.
- The best band in LatAm today
- The best song on their new album
- The brand new video, released this week, which is an absolute pearl.
1) Scott's a friend and I'm shamelessly promo'ing him to make him famous and all that.
2) Apart from being a pal, Scott is in fact a very smart market watcher and his opinions are well worth your thought and consideration.
Hey subbers, how many of you remember this little chunk of IKN110, back on June 12th 2011?
UPDATE: Bizarrely, while this post was being written, this arrived from reader 'SF' (very slightly edited to protect names):
Hi,Just a quick thanks for pointing out the excessive risk with CUU. I sold it in the summer after you picked it as a short candidate.Sometimes you make me money, other times you save me money, but both help the bottom line!ThanksSF
And then 5 minutes afterwards, SF followed up with this:
Ok, I swear I sent this email before I read your blog update today.ESP is the only explanation! Hmmm, you are going to have fish for dinner tonight.
It's either fools seldom differ or great minds think alike. You be the judge!
From website "spanishdict":
baja (feminine noun)
1. drop, fall (descenso)
- redondear el precio a la baja -> to round the price down
- el precio del cacao sigue a la baja -> the price of cocoa is continuing to fall
- tendencia a la baja -> downward trend
- jugar a la baja (finance) -> to bear the market
From website "bigcharts", the six month chart of Baja Mining (BAJ.to)
So tell me again how Chinese copper demand is falling apart and how the country is going to stop buying the stuff?
Here's today's M&A news:
CHINA'S Minmetals Resources will buy Congo-focused copper miner Anvil Mining for $C1.33 billion ($1.31bn) in cash, a move that shows Chinese companies remain willing to invest in risky locations despite a recent fall in commodity prices.
Minmetals, the Hong Kong-listed unit of state-owned China Minmetals Group, said in a statement shareholders owning 40.1 per cent of Anvil Mining's stock support the $C8-a-share offer. These include trading house Trafigura Beheer, which is Anvil's biggest investor.
Minmetals said the offer, which is pitched at a 39 per cent premium to Anvil's closing share price, has been recommended by Anvil's board and will open within three weeks.
"In our view, the valuation is compelling and unlikely to be trumped," said analysts at Foster Stockbroking.
Anvil last month launched a strategic review of the business, and said today it CONTINUES HERE
...the gold/copper ratio over the last three years:
A Male Fairy Tale:Once upon a time, a Prince asked a beautiful Princess, “Will you marry me?” The Princess said, “No!!!”And the Prince lived happily ever after and rode motorcycles and banged skinny long-legged big-titted broads and hunted and fished and raced cars and went to naked bars and dated women half his age and drank whiskey, beer and Captain Morgan and never heard bitching and never paid child support or alimony and banged cheerleaders and kept his house and guns and ate spam and potato chips and beans and blew enormous farts and never got cheated on while he was at work and all his friends and family thought he was frikin cool as hell and he had tons of money in the bank and left the toilet seat up. The end.
... one that uses U.to, GLD and SLV as proxies to examine the difference in trading between uranium, gold and silver these last ten days:
U holding up.
...has just been sent to subscribers, a little under an hour into the market day this Thursday.
I'll give $25 to the charity of choice of the first dudette or dude to write in and tell me he name of this mine, snapped by your humble scribe yesterday morning.
We have a winner. Reader BF, name your charity.
"Why think about that when all the golden land's ahead of you and all kinds of unforeseen events wait lurking to surprise you and make you glad you're alive to see?"