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Copper Mountain (CUM.to) 4q14 results: CUM shot its load, financials say we're faced with cold sticky CUM
UPDATE: Regular mailer and always quippy 'MP' chimes in with...
I like your quote of "the choice that poor people make" but can't help but to think that you really should have written "the poor choice that people make"...
NES.v now unchanged since entering into its friendly deal "at a premium".
TMM.to now 15% down and sinking fast.
Me Told You So
No, seriously, me did tell you so on Tuesday when stating for the record "A very, very stupid group of mining people. If I were a holder this morning I'd be spitting mad, as it is I can relax and watch the fallout from the sidelines." As well as noting the meagre deal being offered on the NES.v side. It's one thing to argue the pros and cons of making share price upside the central focus of a mining company, it's quite another to treat shareholders and their concerns with absolute disdain. Bruce B falls most definitely into the second category.
It's geologically fascinating, the narration is engaging, the back-story is fun and then the end result is something very beautiful. You like cool exploring stories? Or you like geology? Very pretty shiny things? You only need one of those to qualify, I cannot recommend this video enough.
UPDATE: It turns out that the husband and wife team* then take the stones they find and turn them into things like this:
That. Is. Pretty. Their website is here, go check it out.
*who I've never met, either real-life or virtually, so this isn't a sales pitch and i'm not on any sort of commish. This is just me going "wow people, check it out", nothing more nor less
Here's a translation of this report from Mexico's Reforma.
Mining Company Faces Blackmail in Guerrero
Karina SuárezMexico City, 18 February 2015
Since November 13th last year a syndicate of transport workers has been blockading the entrances to the Campo Morado mine in Guerrero, property of the Belgian mining company Nyrstar.The protesters are demanding the payment of a 15 million Peso (U$1.0m) debt which the company denies owing."We totally reject the additional payments demanded by the leaders of local unions, as we consider them illegitimate and are looking to destabilize the activities of Nyrstar by seriously affecting our reputation."Nystar has made clear its intention to pay transport companies directly, but we refuse to pay additional or unwarranted payments that do not reach the people who directly grant their services", the company said in a written answer [to Reforma].The producer of zinc, copper and gold has operated in Guerrero since 2011, but also has projects in Peru, Honduras, Chile, Canada, The USA and Finland.The company calculates that the protest have caused U$10m in losses and disrupted jobs for 2,500 families in the municipality of Arcelia.Isidoro Ruiz Delgado, leader of the transport syndicates, explained that his union demanded a pay rise of between 20% and 25% for their workers due to rises in fuel costs and machinery parts.According to him, the company has refused the renegotiate its agreement and has suspended all payments to transport workers since October, a decision which led to the blockade in the area that has been adhered to by transport workers, mine workers, machine drivers and municipal staff.Nyrstar had promised to pay its debts accrued but has not done so, he said.
Ask Ms Yellen why this came to mind today.
Music starts at 1:10 and yeah, this is the one with the Ford Transit.
Your need-to-know on the thing SAND has just bought, Gold Royalties Corp (GRO.v):
- In February 2013 it was an 80c share price company
- In February 2014 it was an 40c share price company
- Yesterday it was a 10c company
- Nolan's paying 20c a share, bless him.
And that's all you need to know, honestly. That's everything.
TORONTO, ONTARIO--(Marketwired - Feb 18, 2015) - YAMANA GOLD INC. (YRI.TO)(AUY) ("Yamana" or the "Company") today announced it has adopted a Dividend Reinvestment Plan ("DRIP") commencing with the previously announced first quarter 2015 dividend. The introduction of the DRIP responds to feedback from shareholders and provides further support to shareholders by offering an opportunity to increase investment in the Company without additional transaction costs by receiving dividend payments in the form of common shares of the Company.Participation in the DRIP will be optional. Participants in the DRIP may obtain additional common shares of the Company by automatically reinvesting all or any portion of the cash dividends paid on common shares held by the DRIP participant without paying any brokerage commissions, administrative costs or other service charges.
UPDATE: Dear mailers, in order that I have no need to waste time on irrelevant words today, do the math first. Then if you still feel the need to write in, feel free. Though the likelihood is that if you've done the sums and still think there's a debate to be had, you did your math wrong.
...then hightail it down to Argentina today (Weds 18th), as later on they're planning on having a big one.
No music though, they say it's going to be in silence.
Nobody does election years like Argentina.
After I returned to Greece in 2000, I threw my lot in with the future prime minister George Papandreou, hoping to help stem the return to power of a resurgent right wing that wanted to push Greece towards xenophobia both domestically and in its foreign policy. As the whole world now knows, Papandreou’s party not only failed to stem xenophobia but, in the end, presided over the most virulent neoliberal macroeconomic policies that spearheaded the eurozone’s so-called bailouts thus, unwittingly, causing the return of Nazis to the streets of Athens. Even though I resigned as Papandreou’s adviser early in 2006, and turned into his government’s staunchest critic during his mishandling of the post-2009 Greek implosion, my public interventions in the debate on Greece and Europe have carried no whiff of Marxism.
Given all this, you may be puzzled to hear me call myself a Marxist. But, in truth, Karl Marx was responsible for framing my perspective of the world we live in, from my childhood to this day. This is not something that I often volunteer to talk about in “polite society” because the very mention of the M-word switches audiences off. But I never deny it either. After a few years of addressing audiences with whom I do not share an ideology, a need has crept up on me to talk about Marx’s imprint on my thinking. To explain why, while an unapologetic Marxist, I think it is important to resist him passionately in a variety of ways. To be, in other words, erratic in one’s Marxism.
The title of Capstone Mining (CS.to) 4q14 earnings NR this evening is...
But sadly for CS.to, for you and for I, running machines at a mine isn't everything you need to do to make a profit in mining and the bottom line sadness is that CS lost U$22.39m in 2014. And that shows over at the balance sheet too because...
UPDATE: Word now that Mayorga is out as Mining and Energy Minister, to be replaced by Rosa María Ortiz. That's one that we at IKN do care about....a little, anyway. Ortiz is a lawyer and expert in environmental issues.
- When your main metal is silver
- When you do 5.2m oz of the stuff
- When you sell the stuff at substantially less the market average price for the period
- And when your fail is the second time in a row
Kombat is part of the Forbes & Manhattan Group of Companies and pays Forbes & Manhattan Inc. ("Forbes") a monthly services fee relating to various administrative, financial and IT services provided by Forbes. The Company considered the monthly fee in its analysis of the merits of the investment.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 17, 2015) - Timmins Gold Corp. (TMM.TO)(NYSE MKT:TGD) ("Timmins Gold") andNewstrike Capital Inc. (TSX VENTURE:NES)("Newstrike") are pleased to announce that they have entered into a definitive arrangement agreement (the "Arrangement Agreement") pursuant to which Timmins Gold has agreed to acquire all of the issued and outstanding common shares of Newstrike by way of a court approved plan of arrangement (the "Arrangement"). continues here
This thing is from Silver Wheaton (SLW) in November 2013:
VANCOUVER, Nov. 11, 2013 /CNW/ - Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX:SLW) (NYSE:SLW) is pleased to announce that it has entered into an Early Deposit Gold Stream Agreement (the "Early Deposit Agreement") with Sandspring Resources Ltd. ("Sandspring") for the Toroparu project located in the Republic of Guyana, South America."Silver Wheaton continues to push the streaming model forward," said Randy Smallwood, Silver Wheaton's President and Chief Executive Officer. "The Early Deposit Agreement model allows us to get our foot in the door on high-quality, earlier stage projects such as Toroparu for relatively little upfront capital. From Sandspring's perspective, these funds will allow them to complete the bankable feasibility study without subjecting their shareholders to excessive dilution that today's challenging equity markets would deliver. Yet again, Silver Wheaton has developed another innovative, win-win business model. In todays market environment we expect this model to be very attractive to junior exploration and development companies looking for funding."
The Company announces that it has completed all field and design engineering work required for the feasibility study for its Toroparu Gold Project located in the Upper Puruni River Region of western Guyana. However, the Company has elected to defer the additional expenditures required to complete the final stages of the Toroparu Gold Project feasibility study such as value engineering and optimization studies.
Zlatan, hero forever. Pity most of that ink is only temporary, though