- He sold books
- He lived to 93 years of age
- He was married for 71 years
- He brought clean water and a better life to people
The Daily IKN email digest, get all daily posts sent to you next day (& no ads)
- Maradona is the manager of Al Wasl of the United Arab Emirates league (mucho money, little history)
- Maradona lost his mother last weekend
- Maradona returned to Argentina for the burial, then returned to his club for the weekend match, just played.
- Al Wasl were one goal down but recovered to win 2-1.
Watch this from 1:00 onwards:
Damn, damn damn, I wish I could do anything this well. Enjoy
...comes from Peru, specifically the biznews site Gestion:
Here are the highlight bullets from the National Bank Financial (NBF) report, out this morning.
1) Feasibility study delayed to incorporate new design elements and follow-up drilling at Canariaco Norte. Timing of feasibility study delayed, mostly to incorporate a larger SAG mill design (40ft) and associated production (100k to 110k tpd vs. 95k tpd old) and cost implications. Originally scheduled for H1 2012, the feasibility study will now be delayed by several months/quarters, in turn heightening what is already notable timing risk for project development.
2) Industry bottlenecks remain, with Peru in the thick of things. Owing to the large number of projects planned for development in the 2013-2016 period execution and timing risk are perhaps more concerning to us than capex creep. Peru appears especially vulnerable, with $30 bln in project development planned in the next several years. This will present unique challenges to Candente. In our opinion, an even larger project will only serve to exacerbate timing and cost pressures in the face of still competition for engineering and construction services.
3) Model changes drive NAV decrease. To account for feasibility study delays and our expectation of timing and project execution risk in Peru, we have moved our project start date assumption to 2017 from 2016 previously. The net effect sees our f.d., f.f. NAV8% est. drop to $2.66/sh from $2.95/sh.4) Lowering target to $1.65 from $2.10 and moving to Sector Perform from Outperform. Target based on 75% (60% old) wt. to 0.6x our NAV8% est. and 25% (40% old) wt. to $0.02/lb ($0.025/lb old) of Cu resource. We are lowering wt. to M&A and EV/lb multiples to account for reduced M&A activity and that acquirers are exposed to heightened capex and timing risk.
Copper's kind of important for Chile, isn't it?
I note in my inbox today a mail with an attachment from your secretary, Susan Gonsalves. As I'm feeling a tad suspicious today and think that you might be trying to serve me with a legally unenforceable document (recall that i specifically stated that you could not serve any document to me via mail), I'm going to make 100% sure that your pathetic and backhanded attempt at legal bullyboy tactics (unless I'm totally mistaken of course) is totally laughed out of court and will leave Ms Gonsalves' mail unopened.
Once again, and as clearly indicated in our last mail exchange, if you have papers to serve you are cordially invited to serve them in the time-honoured fashion, i.e. face to face and in the flesh.
You have a nice day now, y'hear?
Dear Sir,Thank you for your email. Please provide your address so that we can serve you with the Statement of Claim and the Notice of Motion both of which are contained in the attachment to the email you refer to in your email of today ( November 23, 2011).I look forward to hearing from you.
Yours Sincerely,Peter Jacobsen
Oh Peter, I can't possibly believe that I've pissed you off as much as this! I apologize for ruining your week.
You should have replied to this string, as I'm on the learning curve nowadays and understand how you as...OOPS...people.. work. I did not open your unsolicited mail dated 23rd November 4:15 EST. Feel free to reply to this mail, but this office is not going to open any reply to it or, in fact, anything from you or your office ever again. That, sir, is for the record.
Once again (and for the final time, as i think three's a charm), you are cordially invited to serve me with whatever dickwad asshole fuckbastard cuntfaced paper you prefer in the time-honoured and legally required manner. Until then, go fuck yourself, dickweed.
PS: you have that good weekend, yeah?
"Without stronger economic governance in the Eurozone it will be difficult if not impossible to sustain the common currency."
Update: Semi-on the subject, I'd just like to try and explain in a visual form what it feels like to hold physical gold bullion. It's a bit like this, from 1:16 onwards:
I am the gold bullion holder on the ramparts, you are the fools below who thought gold was a total mug's game and tittered and guffawed and laughed when I bought heavy at U$451/oz and never traded it again...not once.
Never seen better advice about MBAs (and presumably those who employ them) in my life.
SASKATOON, SASKATCHEWAN--(Marketwire -11/22/11)- Great Western Minerals Group Ltd. ("GWMG" or the "Company") (TSX-V: GWG.V - News) (OTCQX: GWMGF.PK - News) Corporate Holdings:-- 1 Rare Earth former producer: Steenkampskraal mine in South Africa. GWMG holds controlling interest in the mine through its 100% shareholding of Rare Earth Extraction Co. Limited ("Rareco"). -- 2 Rare Earth processing plants: Less Common Metals Limited ("LCM") in Birkenhead, U.K. and Great Western Technologies Inc. ("GWTI") in Troy, Michigan. -- 5 active Rare Earth exploration projects: 1 at the Steenkampskraal site, 4 in North America.GWMG Corporate Focus:GWMG continues to execute its strategic plan to become a "first mover", as a fully integrated rare earth producer supplying its own rare earth inputs into its production cycle. Management discusses the strategy on the Company's website at http://www.gwmg.ca/html/news/corporate_videos/index.cfm.GWMG Corporate Coverage:Three analysts cover GWMG:-- Byron Capital Markets: Analyst - Jon Hykawy, Contact points: firstname.lastname@example.org, 647-426-1656 -- Euro Pacific Canada: Analyst - Tony Hayes, Contact points: email@example.com, 416-933-3357 -- Cormark Securities Inc.: Analyst - Edward Otto, Contact points: firstname.lastname@example.org, 416-943-6748Note: GWMG does not recommend nor endorse any research reports.GQD / GWMG Joint Venture Agreement:After negotiating a Heads of Terms with Ganzhou Qiandong Rare Earth Group Co. Ltd. ("GQD") of China to build a rare earth separation plant in South Africa, located in proximity to GWMG's Steenkampskraal operation, GWMG continues to discuss and negotiate the terms of the shareholders agreement and an operating agreement. GWMG and GQD have generally settled issues that include the joint venture's corporate structure, ownership and compensation issues and are working on detailed plant design that ensures LCM customer requirements will be met. Representatives from GQD have been to South Africa to inspect the proposed site of the separation plant, and technical personnel from GWMG have visited GQD operations in Ganzhou, China. Both management teams are working to finalize details as rapidly as possible.Steenkampskraal Mine Site Refurbishment Project:GWMG's refurbishment of the Steenkampskraal mine shaft and ancillary facilities continues to move ahead on schedule with an expected completion date of December 2011. East Rand Engineering Services has been contracted for the refurbishment of the mine access decline, construction of a head gear and winding house, and the installation of underground infrastructure services such as ventilation fans and underground stores. The significant progress of the refurbishment project can be seen on GWMG's website at http://www.gwmg.ca/html/projects/mining/steenkampsraal_update/index.cfm where photographs of the project for August, September and October, 2011 are available.GWMG Financing:GWMG closed an equity financing on November 10, 2011 as part of the Company's overall funding requirements for the Steenkampskraal project. The Company continues to pursue its top two financing priorities - off-take agreements and debt instruments. GWMG is discussing off-take opportunities with customers with the intent of having them provide some of the funding required for the Steenkampskraal project. The Company also plans to submit applications to government and private financial institutions for debt facilities that will have the potential to provide the remainder of the financing for the Steenkampskraal project.Less Common Metals Expansion:LCM, located in Birkenhead U.K., is undertaking a significant expansion of its alloy processing capacity. In December, 2011 LCM staff will begin the commissioning of a new furnace that will produce "flakes", a format preferred by customers, rather than the tradition ingots. The new furnace is expected to increase production by approximately 50% once it is in production very early in 2012.Corporate Summary:GWMG is an integrated rare earth processor. Its specialty alloys are used in the battery, magnet and aerospace industries. Produced at the Company's wholly owned subsidiaries Less Common Metals Limited in Birkenhead, U.K. and Great Western Technologies Inc. in Troy, Michigan, these alloys contain aluminium, nickel, cobalt and Rare Earth Elements. As part of the Company's vertical integration strategy, GWMG also holds 100% equity ownership in Rareco, which owns a 74% equity interest in the Steenkampskraal Mine. In addition to an exploration program at Steenkampskraal, GWMG holds interests in four active rare earth exploration and development properties in North America.Certain information set out in this News Release constitutes forward-looking information. Forward-looking statements (often, but not always, identified by the use of words such as "expect", "may", "could", "anticipate" or "will" and similar expressions) may describe expectations, opinions or guidance that are not statements of fact and which may be based upon information provided by third parties. Forward-looking statements are based upon the opinions, expectations and estimates of management of GWMG as at the date the statements are made and are subject to a variety of known and unknown risks and uncertainties and other factors that could cause actual events or outcomes to differ materially from those anticipated or implied by such forward-looking statements. Those factors include, but are not limited to refurbishment activities and reliance on third parties to meet projected timelines, the results of the exploration program at Steenkampskraal, a resource estimate and commencement of production at Steenkampskraal, satisfaction of the conditions precedent with respect to GWMG's offtake agreement, receipt of all required approvals (including those relating to the commencement of production at the Steenkampskraal mine) and risks, uncertainties and other factors that are beyond the control of GWMG, risks associated with the industry in general, commodity prices and exchange rate changes, operational risks associated with exploration, development and production operations, delays or changes in plans, risks associated with the uncertainty of reserve or resource estimates, health and safety risks and the uncertainty of estimates and projections of production, costs and expenses. In light of the risks and uncertainties associated with forward-looking statements, readers are cautioned not to place undue reliance upon forward-looking information. Although GWMG believes that the expectations reflected in the forward-looking statements set out in this press release or incorporated herein by reference are reasonable, it can give no assurance that such expectations will prove to have been correct. The forward-looking statements of GWMG contained in this News Release, or incorporated herein by reference, are expressly qualified, in their entirety, by this cautionary statement and the risk factors contained in GWMG's current annual information form available at www.sedar.com.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
And this is what it means:
@incakolanews On a related note, check out the dividends BBVA has been having PVD declare.
@incakolanews The only time it makes sense to have a failing Spanish bank on your side!
Nov 22 (Reuters) - Spanish bank Santander (SAN.MC) will sell a 7.8 percent stake in Santander Chile STG.SN (SAN.N) to help meet regulations on capital requirements, the Chilean subsidiary said in a statement.
Spain's Santander aims to boost its core capital to 10 percent by June 30, Santander Chile said in a statement issued in New York overnight. Chilean media estimated the stake sale could raise just over $1 billion.
"We're so fucked that these days we have to sell off the bits that actually make a profit."
And by the way, in my day STD stood for sexually transmitted disease. Sheer coincidence of course.
Wow! Have you seen the move in the US Dollar recently?
Nah, not that move, THIS move:
Santos, who is visiting London to boost trade and investment in Latin America's third most populous country, said his biggest worry was "that the industrialised countries are not capable of taking the correct decisions and showing the world they can get out of their crisis".
Asked what those decisions were, Santos said: "The same decisions that those same countries told us in Latin America to take a few years ago. Exactly the same ones."
...Google Adsense earnings on this blog, IKN, March 2008 to date:
The 7.86m people officially poor in Guatemala represent 53.71% of the total population. Data from here.
This will of course prompt sector bears to point out that gold is obviously overvalued and headed for a fall
Due to the strength of the US Dollar, or something
...Great Basin Gold (GBG) (GBG.to), January 1st 2009 to date:
This graphic is taken from this report and translated by your author
This is pretty good. Thanks to reader JC for the headsup:
And oooh, he said the word dividend...he did!
...as seen through a semi-regular chart comparing gold (GLD proxy), silver (SLV proxy), the miners (GDX) and the juniors (GDXJ):
As for insightful commentary, I think "SPLAT!" just about sums it up.