"Why do they have to (in my opinion) mislead everyone into believing that their project is better than it really is (?)".
The Daily IKN email digest, get all daily posts sent to you next day (& no ads)
South America photo of the week was taken in Chile, at Santiago airport:
You can just imagine the conversation. Translated, of course:
B: "Yes boss?"
A: "Can you go to the airport and pick up our visitor, he arrives in one hour."
B: "Sure boss, no problem. What's his name?"
A: "Oh I forget, but it's at the bottom of the mail he sent yesterday."
B: "No problem boss, leave it with me."
UPDATE: Reader AH puts me straight:
...zinc inventories, monthly totals, last five years:
Stolen from Scotia literature, because they steal from IKN.
"Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") is pleased to announce that it has closed the first tranche of the previously announced non-brokered private placement offering of 437,000 flow-through common shares ("Flow-Through Shares") of Pretivm at a price of C$11.45 per share for gross proceeds of approximately C$5 million (the "Offering"). The first tranche consists of 260,000 Flow-Through Shares for gross proceeds of approximately C$2.98 million. continues here
Do your own DD, Gwen.
"...the biggest scams out there have what I like to call a “show horse” at the top. This is the guy with the perfect resume and background, yet knows nothing about share structure.
The scammers who control the shares give a dog sh*t company a show horse, and then use him for promotion, when the reality is no one is going to make any money except for the deep insiders.
Once such company I want our members to avoid is Pershing Gold. I am shocked that credible newsletters and writers today are suggesting this stock, and I have to truly question their knowledge of how they vet these companies. In fact, I almost have to question if they have some sort of behind-the-scenes deal going on.
Pershing Gold is openly tied to the most ruthless Vancouver stock promoter of them all, whose name I will not mention. But for anyone who is suggesting this stock, you should be ashamed. It’s one of the reasons on a day like today, when the GDXJ was up 5%, Pershing was down… You see these scumbags love to unload their shares to the public on any strength.
There is no new case for Pershing Gold when the king of sellers is on the board of directors.
"...by quirk of timing, we...published our newsletter just before a bow-wave of publicity about the Golden Arrow-Silver Standard relationship. Now there’s media out there that paints Golden Arrow as some sort of uncashed lottery ticket. We’ve seen some crazy buying patterns."
"...the whole thing seems to have crossed over from realistic value-creation into a chat-room frenzy"
Or maybe this time is different!
...has just been sent to subscribers on this cold and dank Thursday morning, an hour and bits after the opening bell. A trade opened.
This version from the Berliner Philharmoniker and conducted by everybody's favourite Nazi party member, Herbert von Karajan.
Because it's what I'm listening to right now and it seems a shame not to share. Blissful music.
Oh good, we get to be geniuses today.
Cal does it again. Beat's FVI buying in West Africa, I suppose.
Here's a part of the mailer GS sent out this morning:
Yesterday saw the largest one day copper delivery since 2004 at 21k mt, this morning another 22kt, all into Asia. Metals that was attracted into China in the early part of the year has not found a home and is now coming back out. This also corroborates with multi-year lows in Chinese Physical premiums.
And here's one of the charts:
Interesting enough to feature here on the blerg.
The findings of the forensic investigations of whistle blower accusations by Baker Tilly (Peru) delivered on May 24th disclosed there was no credible evidence of wrong doing or criminal misconduct by Mr. Diego Benavides or other members of the management team. Accordingly his authority to manage the affairs of the Company in Peru has been fully reinstated.
- A 5% discount rate? For Ecuador? Are you kidding me?
- The minor stuff such as using $20/oz silver to add a few tenths to the top line IRR
- The U$750m capex that's presented as U$669m (it's a tax thing).
- The 'royalties and production costs' at a smooth $75/oz...O RLY?
- The oh-so-carefully worded paragraphs from Hochstein and Lundin.
- LUG claims an all-in sustaining cash cost (AISC) of U$623/oz.
- LUG uses a U$1,250/oz gold price.
- LUG offers a 15.7% IRR.
...they do this:
Primero Mining Corp. ("Primero" or the "Company") (TSX:P)(NYSE:PPP) today announces that it has entered into an agreement with a syndicate of underwriters, led by BMO Capital Markets, pursuant to which the underwriters have agreed to buy on a bought deal basis, 19,150,000 units of the Corporation ("Units") at a price of C$2.35 per Unit (the "Offering"), representing aggregate gross proceeds to Primero of C$45,002,500. Each Unit entitles the holder to acquire, for no additional consideration, one common share ("Common Share") of Primero and one-half of one common share purchase warrant (each whole common share purchase warrant a "Warrant") of Primero.Each full Warrant will entitle the holder thereof to purchase one Common Share of the Corporation at a price of C$3.35 per Common Share, for a period of 24 months following continues here
Waddya say, Tin Man?
As for the reason for the raise, we can run a mini Ottotrans on the part of tonight's Primero NR which explains that the net proceeds of the Issue will be used to...
"...advance development at the Company's San Dimas and Black Fox mines as well as for exploration, working capital and general corporate purposes."
...because it translates into two words:
...five years of the gold/silver ratio:
Silverbugs, a case study of the innate optimism found in human beings.
- IPSOS: PPK 50.4% Keiko 49.6%
- GfK: PPK 51.2% Keiko 48.8%
- CPI: PPK 48.9% Keiko 51.1%