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12/16/14

Vile esteemed really sucks, y'know

'Tis better to be vile than vile esteemed,
When not to be receives reproach of being,
And the just pleasure lost, which is so deemed
Not by our feeling, but by others' seeing.
Sonnet 121, LL 1-4, Bill the Quill


The problem with the snake-pit that is Canadian mining capital markets...sorry, let's start again.

One of the problems with the snake-pit that is Canadian mining capital markets is that due to it being populated by a never-ending procession of (middle-aged, balding, overweight, self-important, self-righteous, boring, lazy) white men speaking with forked tongue, it's difficult to be transparent and honest without people wondering "what the angle" is. Take for example the very short snippet passed on yesterday about First Majestic talking with Pan American about a merger. What happens is something along the lines of...
1) FR.to stock pops hard and against the grain of market peers at the open.
2) People start going "Huh WTF?" and the way things are these days I'm roped in (wholly voluntarily, but I'm pulled into the loop all the same) by those looking for an answer. We look together, pool resources, ask around, usual style.
3) Reasonable intel comes back over the jungledrum (and in all these cases "reasonable" involves a vetting process else you'd get to hear about all sorts of sillystuff rumours on these pages).
4) Instead of keeping the reasonable junglydrum snippet inside the usual walls, I pass it on here at the blog to (as noted yesterday) 'level the playing field', as it kinda irritates me that there's this two tier rumour system in Canada that rarely lets retail in on the juice.
So I post what I post, with some very clear disclosure, pure face value. And for my pleasure, the rewards reaped are either 1) "Otto's trying to manip the market with BS rumours" (via mail, which is flat untrue) or 2) "Otto's been suckered in by the oldest trick in the book" (via people with blogs who get some slack cut because they're normally pretty good, but this time score a fat fail by jumping to conclusions and not even bothering to ask before posting complete bullshit). Just one thing; FR.to had made its move and had peaked before I posted yesterday morning.

Anyway, don't think it's easy trying to be honest and equitable in this pisspoor section of human dregs known as junior mining market, because you take more shit by trying to rise above the scum than you do by joining in their nefarious games. That's my moan for the day done, except to say that Bill Quill above shows this is hardly a new facet of the human condition. Harrumph.