Stick a world class cello in with top bluegrass players and this what comes out
By popular request, a fine OT. Link here. Learn more about The Goat Rodeo Sessions, the album from which this comes, right here. For reader MG.
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Stick a world class cello in with top bluegrass players and this what comes out
"The U.S. Army Corps of Engineers' Los Angeles regional office is recommending a denial of a federal Clean Water Act permit for the proposed Rosemont Mine."
IKN adores how TGZ takes a patently average quarter...
Feel free to compare DMM's NR this morning, with the key point in bold-type...
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 28, 2016) - Dynasty Metals & Mining Inc. ("Dynasty" or the "Company") (DMM.TO)(DMMIF) received the following letter from Vertex One, the organization which provided Dynasty US$4 million in Notes in April 2015:"We are the manager for each of Vertex Managed Value Portfolio and Vertex Enhanced Income Fund (together "the Purchasers") with respect to certain notes (the "Notes") purchased by the Purchasers from Dynasty Metals & Mining Inc. ("Dynasty") under which Dynasty is currently in default (the "Default") and pursuant to which the Purchasers issued demand for payment on April 11, 2016.Notwithstanding the default, Dynasty has requested that the Purchasers forbear from enforcing the Notes and allow the Notes to remain outstanding.Upon acceptance of this letter by Dynasty, we agree the Purchasers have agreed to forbear from enforcement of the Notes for a period of 30 days from the date of this letter (the "Forbearance Period"), to allow Dynasty's board of directors and its special committee more time to assess the various liquidity offers that have been presented to them.In accepting this letter, Dynasty confirms the Default and confirms that the Note and the Note agreement remain valid and enforceable in accordance with their terms and are not released, amended or merged in any manner as a result of this letter and shall remain in full force and effect following the execution of this letter, save and except during the Forbearance Period."
...to the short IKN post on Tuesday:
"Will Ian Telfer buy Jerusalem from DMM, or will he buy it from Vertex? Because if he gets it from DMM he's going to want a rock bottom bargain price. Either way, think it through long enough and you'll see that the only remaining issue is when, and not if, shareholders get sexually intercoursed."
The IKN kung fu is strong.
UPDATE: Reader L has some topical comment:
"If you feel a need to see your shrink, and need a push to get over the inertial forces, just tune in to the ongoing Goldcorp conference call.
I probably have listened to a thousand conference calls over the years in many industries and I must say that this call is the most depressing mess I have ever witnessed. What a clusterfuck Goldcorp has grown into over the last few years. Operational disasters all over the board. You could do an entire Weekly on this company and still not scratch the surface of land mines waiting to go BOOM!"
...to follow the big caps closely, but those ABX 2q16 numbers look great at first pass. I'll have a better look when this road trip is done...couple of hours to go.
UPDATE: And we now know why Goldcorp (GG) has been trading like a dog for weeks on end.
...and the headline 2c/share loss looks in-line at first sight. The HBM numbers and what they mean will be the IKN377 analysis this weekend.
...gold the last three days, marking the pre-FOMC mini-pop:
"...C1 cash cost (1) of $1.51 per payable pound produced with copper sales for the quarter of 22,549 tonnes at a C1 cash cost (1) of $1.66 per payable pound sold."
- C1 for production
- C1 for sales
- AISC for production
- AISC for sales
- All-In for production
- All-In for sales
- Fully-Loaded All-In for production
- Fully-Loaded All-In for sales
"The lithology in the Florida Canyon deposit consists of a complex deltaic sequence of the Grass Valley Formation. The rocks are a complex and gradational sequence of silty and sandy rocks within dominantly argillites. The original lithology probably controlled the plasticity of the rocks and determined the degree of fracturing, which is the dominant ore control. Grade, however, is the more reliable and quantifiable method of defining the ore zones.”
UPDATE: No more mails please, as the sense of entitlement now being displayed by the mouthbreather end of blog readers is deeply impressive. Oh noes! Otto told his paying subscribers about a winning trade without mentioning it here! Poor little blog reader missed out, oooh that nasty Otto person! Mailers on this subject are hereby referred to the reply given in the case of Arkell versus Pressdram.
But to give Ameduri credit, he saves the best line until right at the very end of his mailer.
Future Money Trends LLC has been compensated one hundred and seventy thousand dollars for a one week marketing program, paid for by K92 Mining.We were previously compensated one hundred and seventy thousand for a two week program that has since expired. We have also been compensated one hundred and forty five thousand options by the company for a six month video advertisement campaign.We are also actively marketing First Majestic Silver, and received twenty five thousand options and up to eighteen thousand dollars.We are also actively marketing First Mining Finance, and have received six hundred thousand options, and and up to one hundred and seven thousand dollars.We are also actively marketing Nevada Exploration, and have received one hundred thousand options, and and up to two hundred and thirty seven thousand dollars.We are also actively marketing Golden Arrow Resources, and have been compensated one hundred and eighty one thousand dollars.We have previously been compensated by Brazil Resources, Auryn Resources, and MX Gold Corp., including fifty thousand options from Brazil Resources and one hundred thousand options from MX Gold Corp.
We own shares on both the public market and via warrants received through private placements in First Mining Finance, First Majestic Silver, K92 Mining, Golden Arrow Resources, MX Gold Corp., and Brazil Resources.
Gold Standard Media (GSM) is currently marketing Brazil Resources, GSM is a media company with the same members as FMT. We have received up to one hundred thousand dollars for our current program paid for by the company.
GSM is currently marketing K92 Mining, we have received two hundred thousand dollars for our current program paid for by the company.
GSM is currently marketing First Mining Finance we have received one hundred and sixty thousand dollars for our current program paid for by the company.
Wealth Research Group (WRG) is currently marketing K92 Mining, FMT has a majority ownership in WRG. WRG has been compensated forty thousand dollars for a two day investor awareness campaign.
WRG has been compensated by First Mining Finance forty thousand dollars for a two day investor awareness campaign.
FMT and its management may benefit from any increase in the share price of the profiled companies and hold the right to sell the shares bought at any given time including shortly after the release of the companies profile. When it comes to buying or selling shares. Please assume we are buying and/or selling before, during and/or after publication of the discussed Company. FMT will not advise as to when it decides to buy or sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
On that I can only agree.
UPDATE: Reader C sends in some visual commentary on the contents of this post:
Notice how words are superfluous sometimes? Nicely done, C.
Michelle Obama and Tim Kaine.
Seriously, is Hillary vs Donald really the best that the most powerful and influential country in the world can come up with? Asshole vs asshole? Sheesh.
Mexico: Anti-mining propaganda
This is the type of thing that drives me up the wall, not just because of its misinformation content but also because the mining industry never makes a concerted effort of rebuttal against the NGOs and knee-jerk treehuggers peddling this crap. Last week in Mexico, during a presentation by a group of anti-mining NGOs for a (13) “Manual for the defence of communities against the impact of mining in Mexico” (in other words, an instruction book on how to stop mining companies in your community), one of the presenters, a lawyer from Greenpeace, said the following (translation of direct quote):
“At the end of 2014 a total of 25,267 mining concessions were registered (in Mexico) which, according to the Mexican Geological Service, cover a concessioned surface area of nearly 26 million hectares. This represents around 12.7% of the national territory”.
And how was this anti-mine coordination meeting reported by the press? Here are (translated) four examples of the headlines (and there were many more, play with Google and find out for yourself) (14) (15) (16) (17):
“NGOs: 12.7% Of Mexico’s Terrain Is Concessioned to Mining Companies”
“Mining Companies Consume Mexico: They Already Have 12% of the Territory”
“Mexican Mining Companies Already Have As Much Terrain (12%) As The Country’s Nature Reserves”
“Mining Companies Awarded 12.7% of the Nation’s Land”
Of those four only the first one is in any way accurate, the others use inflammatory language and are deliberately trying to create the false impression that mining companies “own” 12.7% of Mexico. As you and I know (or you damned well should by now) the reality is nothing of the sort and owning a mining concession is a million miles from “owning” the land. So why doesn’t the mining industry tackle this head on, because it’s both a way into teaching a wider audience about how it works and a way to show them the BS they’re being fed by the anti-mining industry? It would be simple stuff too:
1) Explain what a concession is
2) Explain how you get one and what you need to do to keep one
3) Most importantly, explain why a mining company will own concessions that are much MUCH larger than the mine therein contained. This last point is the one that’s most played upon by the anti-mining screechers and it just by doing this, your average person would see the hypocrisy in the Greenpeace propaganda.
And of course it isn’t just a tactic used in Mexico, I come across this “Mining owns X% of my country! How dare they!” argument all the time, with variants such as “Mining Company XYZ owns a concession that includes a graveyard! They’re going to dig up my relatives!” and all sorts of others. The world of mining is hardly perfect and there are still some companies that give it a bad name, but it’s long past the time that the good guys need to be painted as some sort of gang of land-rapists and property usurpers.
UPDATE: It's also on a Youtube here. Though you never know, this one may be scrubbed soon too.