And he does it well, right here. My fave line is...
And he does it well, right here. My fave line is...
- I think Chávez is favourite and if you wanted a book number from me, I'd go for something around 75% chance. Purely seat-of-pants subjective stuff. Put another gun to my head and I'd go for Chávez securing 55% of valid votes come the big day. Again, guesstimate.
- However, this means that Capriles has about 24% more chance than any other candidate running against Chávez in recent years and his campaign shouldn't be written off. Henrique Capriles has run a good campaign, a smart campaign and has played to his strengths more than trying to attack Chávez on any given occasion. That type of slugfest would have favoured Chávez much more, so Capriles' strategic decision to keep away from the insult-swapping type of campaign has been a good one. Bottom line: I'd consider it a surprise if he wins, but not a stunning surprise.
- But one 100% dead cert is that media coverage and anal yst comment is going to be all-but insufferable. World-and-his-spouse all suddenly experts on the intricacies of Venezuelan politics? Why of course!
- The final confident prediction is that on October 8th, the losers will be calling fraud. That, my fine feathered friends, is a given.
...Talisman Energy (TLM.to) (TLM) short position on August 31st and Sep 15th (the latest date for published data from the TSX):
Reuters got the word here, start of the piece here:
One person died and four were injured when police clashed with protesters blocking a road leading to top gold miner Barrick's Peruvian mine Pierina, company and police officials said on Thursday.continues here
1) Buy Grand Colombia Gold (GCM.to) for what it's worth.
2) Sell it for what Serafino Iacono thinks it's worth.
3) The end
UPDATE: Kind reader RW writes in to note that "the IKN meter" would have gone well with this post. True RW and what's more, it still does:
A Reuters piece that caught mine beady lil eye starts like this...
Prices of rare earth elements, which tumbled after a speculative bubble burst last year, are likely to erode further as new supplies hit the market and exports edge higher from dominant producer China due to weak demand at home....and finishes like this:
"It isn't a pretty or happy place at the moment," said a London trader who specialises in exotic metals. "There's no blind panic out there, either to buy or sell, but people are very uncertain about what the future will hold and rightly so."
UPDATE: Oh look, it's a "superpit". Oh isn't that just super! Tyros, step this way...
It's actually difficult to believe that Tahoe Resources (TAHO) (THO.to) is down less than B2Gold (BTO.to) today
oh yeah, before the peanut gallery starts mailing in: No position in either stock at present and not planning on one in the near future, either.
I believe we have made this point on previous occasions as regards political and social risk in Guatemala, have we not?
Yours annoyingly, Otto
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sep 19, 2012) - Tahoe Resources Inc. (THO.TO)(TAHO) announced today that construction activities on the power line for the Escobal project and at the project site were disrupted by a mob intent on forcing the Company to cease construction. The 5.2 km power line and the mine facility construction project are fully permitted and are in compliance with all legal requirements.The protestors are not from the local area. Authorities identified them as individuals transported into the area from outside regions, organized and funded by local and international NGOs. Protestors purportedly object to construction of the power line for a variety of reasons, ranging from baseless claims of negative health effects of electricity to unfounded fears of contamination caused by mining. Continues here
Sept 19th is International Talk Like A Pirate Day.
Today is September 19th.
Which can only mean....
(and ramen to you all)
"The bottom line to BTO is that I can't see how to justify much more than the current PPS using the present and even a decently positive future. It's weakness is the lack of cash at bank, because if it wants ot expand and buy out these other jrs, it's going to have to do it via paper..."
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sep 19, 2012) - B2Gold Corp. (BTO.TO)(BGLPF)(BGLPF)(NAMIBIAN:B2G) ("B2Gold") and CGA Mining Limited (CGA.TO)(CGX.AX) ("CGA") are pleased to announce that they have entered into a definitive Merger Implementation Agreement ("Merger Agreement") to combine the two companies at the agreed exchange ratio of 0.74 B2Gold common shares for each CGA share held, which represents a purchase price of approximately C$3.18 per CGA share and a premium of 22% using the 20 day volume weighted average share price of each respective company, and a 26% premium over the CGA closing share price on September 17, 2012 based on the closing price for the B2Gold shares as of such date. The transaction is valued at approximately C$1.1 billion.The merger will be implemented by way of a Scheme of Arrangement under the Australian Corporations Act 2001 ("Scheme"). Upon completion of the Scheme, existing B2Gold shareholders and CGA shareholders will own approximately 62% and 38%, respectively, of the issued common shares of the combined company.The combination of B2Gold and CGA will result in a merged entity operating the Masbate gold mine in the Philippines, in addition to B2Gold''s existing continues here
It's from here and this is it:
Coming to you live and direct from chapter one of 'Cant Make This Shit Up'.
Update: Apparently you can make this shit up. Comments kindly received note that it's a movie promo photo (though whether it was a set-up for the snapper or taken candidly is unknown). Oh well...
UPDATE: By popular demand, a translation of the most damning part of the eavesdropped conversation. There's tons of slang in it, but a fair gist translation is this:
WV, "No, yes, because now I have to give that fool (i.e. Santos) the cash and I'm the one that's laundering all the money for that fool. Fuck, I'm scared that later on they start screwing with me"
I. "Dude, where are you sending the cash?"
WV: "We've already opened an account in the SBS branch in Panama"
And by the way, to all the mining media that will pick up on this story and run with it after reading it here: Just do what you always do and give no credit to IKN and then wonder later why the world hates the way you do business, fucktard dumbasses.
UPDATE: Santos denies everything and says he's only ever met the guy Vallejos two or three times in his life. And if you think that'll be the end to this story, I have a bridge you may be interested in. Santos is now a marked man and if Peruvian history tells us anything it tells us that when a government wants to extract a thorn in its side, it does so. Every time.
Can't blame him for selling every single fully paid up share of the company he owns.
Venezuela: The latest Datanálisis poll puts Chávez comfortably aheadWednesday saw the dissemination (15) of the latest (and likely final) poll from the best of a bad bunch Venezuela polling company Datanálisis and the news is that there has been little change in the support for the two candidates for President, challenger Capriles and incumbent Chávez, which means that Hugo Chávez should now be considered favourite for the October 7th election. The poll, conducted between September 3rd and 8th on 1,200 people from all socio-economic walks of life in Venezuela and with a reported margin of error of 2.82%, put Chávez on 43.1% support for the vote and Capriles on 30%.
That headline number is good for Chávez and there’s little comfort for Henrique Capriles in the other details either. Of the Chávez 43.1%, no less than 99.4% consider themselves “hard votes” for the current President who will not change their mind under any circumstances. As for the undecided, Datanálisis reported that of the 26.9% who responded that they didn’t know who they’d vote for or wouldn’t vote on the day (via spoiling ballot, not going to vote, etc) 10.7% were inclining towards Chávez and 6.4% were inclining towards Capriles, which if translated into votes on the day would see Chávez winning 53.8% of the popular vote and be called clear winner.Finally, another interesting datapoint in this opinion poll was that 41.7% of those questioned said they considered themselves “Chavistas” (i.e. Chávez supporters, or pro-current government), just 16.1% considered themselves “anti-Chavistas”, 38.6% said they were neither one nor the other while 3.6% did not respond. This strikes your author as a very different make-up to the type of coverage we get about Venezuela from both the national and international media.
...the Gold/Silver Ratio (gsr), year to date:
It got to 50X back there....then it didn't. Now it don't. Innit.
Kinda looks like to me that Peru's economy is starting to overheat and it's going to see its currency start dropping and if it does, it'll be inflation at consumer level
Which makes the trade balance look like this:
VANCOUVER , Sept. 17, 2012 /CNW/ - Goldgroup Mining Inc. ("Goldgroup" or the "Company") (GGA.TO), on September 14, 2012 deferred the evaluation of the Environmental Impact Assessment (MIA) for its Caballo Blanco mining project in the State of Veracruz by the Mexican Ministry of Environment (SEMARNAT).Mexico is going through a change in Federal Government and Goldgroup recognizes the importance of working with the transitioning team and the new authorities to integrate their requirements for the development of the Caballo Blanco project.President elect, Mr. Enrique Peña Nieto, has made public his interest to promote investment and enhance the development in the mining sector, with strict compliance to the laws and regulations, with a strong commitment to sustainability and the environment.Deferring the evaluation and approval process of the MIA complies with Goldgroup's objective of working further with the relevant authorities to ensure yada yada continues here
Or in the words of Graham Chapman...
IKN176 has just been sent to subscribers, yet another batch of brainlessness and stupidity with which your fancy be tickled, kind audience. Nice charts, though.
I'm off to read stories to a couple of small people I know. Scuse me.