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...CM has a message for our brand new CEO.ca pal, Goldfinger:
I lol'd. That's a really stupid handle by the way, Goldfinger.
Reader A gets this one:
Tahoe loses appeal over Escobal lawsuitThursday January 26 2017 - Street Wireby Mike CaswellA group of Guatemalan protesters may pursue a lawsuit in B.C. over their treatment by security forces during a 2013 incident at Tahoe Resources Inc.'s Escobal mine, the Court of Appeal for British Columbia has ruled. The court has determined that B.C. is the more appropriate venue for the case. It is far from clear if the protesters would receive any compensation through the Guatemalan courts, three appeal judges have determined.The ruling, published on Thursday, Jan. 26, is a substantial setback for Tahoe. A lower court judge previously declined to hear the case, finding that the B.C. courts were not the best place to hear the matter.
The protesters all lived in Guatemala and their alleged injuries occurred there. They were also participating in suitable legal proceedings in that country.
The appeal court, however, has determined that the protesters will have trouble pursuing their case in Guatemala. The court proceedings in that country have been stalled since late 2015. One of the key participants was a Tahoe security manager named Alberto Rotondo, who had been under house arrest in Guatemala while the case awaited trial. On Nov. 29, 2015, he fled Guatemala, travelling to his native Peru.In Mr. Rotondo's absence, the Guatemalan courts have suspended the trial. They have also held Mr. Rotondo in contempt and ordered his arrest. Guatemala is attempting to extradite Mr. Rotondo from Peru, but so far has not had any success. According to the appeal judgment, he may never be extradited and without Mr. Rotondo, the case in Guatemala will not go ahead. It is also unlikely that the protesters will be able to open a separate proceeding against just Tahoe because of the considerable time that has passed since the events, the appeal ruling states.
UPDATE: An example of somebody who'll never understand:
I feel like I need to be writing in crayon sometimes.
And by the way, IKN is in late-start mode today because I stayed up to the wee small hours watching Venus, Serena and then Roger reach their finals. The Roger/Stan match was the best I've seen in ages, but the highlight was seeing Venus's smile at the end of her match, it was soul-inspiring.
I wanted to pass along some positive feedback regarding IKN weekly.1. I've had mining resource subscriptions before and never renewed them for three important reasons.a.) The consistency of the release of the publications were spotty. I never knew what day the publication was going to come out. It was more like a 4-5 day window, which is a problem for me. IKN does a really great job of releasing every Sunday which is awesome. I know that Sunday night I can schedule time for myself to do my investing research. That allows me to schedule my life and time which is valuable.b.) Your publication takes the time to educate me beyond typical catch phrases and platitudes. The investment advice is much more than "I'm experienced and I understand things you can't so take my advice and do this" type of advice. That feels like to me I will never be able to make informed decisions myself and always be reliant on some secret black box of intelligence. I don't like this, I was not able to apply my own discretion to the situation in conjunction with the author. I feel like your teaching me about what to look for with the information you are sharing from being boots on the ground and experienced.c.) The content of your letter, specifically the financial component is an important piece in my estimation that is nearly completely missing in other publications. I love the black and white fact of finance and the conclusions that can be drawn from this in a sector where much of the geology is a game of risk probability management.Thanks for your work and keep it coming.V
Built by executive order.
UPDATE: Two quotes:
...the US Dollar (USD) British Pound (GBP) forex:
1.26 doesn't look very important. Break 1.28 and there are changes in the air. Trump meets May on Friday and will Make Britain Great Again*, so this could be a forex pair to watch this and next week.
*Baseball cap made in China.
"By twelve votes in favour to four against, the Cantonal Council of Cuenca approved this Sunday January 22nd a declaration with 12 resolutions related to the preservation of water sources and mining activity. The debate, during an extraordinary session, lasted over five hours.
One of the main resolutions was to declare the territory of the Canton Cuenca, its paramos (high altitude rural zones) and ecosystems free of metals mining activity.
Another resolution was to demand that the government suspend the mining exploration and operation activities of the Rio Blanco and Loma Larga mining projects."
Zinc: Demand to outstrip supply in 2016Yes, shameful but it’s true, your author is going all zinc-pumpy on you after sneering at the “it’s gonna happen anytime now folks!” perma-pumping of the sellside in zinc for years. This “Get On Zinc Before It Flies!!!” is a narrative (with obligatory three exclamation marks) that’s been sold to us for years, but this time it really seems to have some fundamentals to back up the wishful thinking and (continues)
A short thought from IKN401, out last Sunday:
The North American Free Trade Agreement
I can’t help but wonder what the boards of directors of Eco Oro (EOM.to), Trimetals Mining (TMI.to) and any other of these rip-off juniors trying to use NAFTA rules to take countries to court think about President Donald Trump’s stated intention this weekend to start re-negotiating NAFTA. Maybe any of you daft enough to have fed these quasi-scam companies with money for shares are planning to ask your respective board of directors for an opinion, but if you do don’t worry, they’re bound to tell you there’s nothing at all to worry about.
- The accident happened at 03:40am, the early hours of Friday morning.
- The worker suffered a fall, but did not die immediately and was helped by his work-mate who contacted the mine head supervisor.
- The management at the GORO mine refused to enter the mine in order to give first aid.
- The management also failed to do their obligatory duty by refusing to contact local authorities and report the incident.
- By 9am, word had got round the workforce of the accident and the family of the victim arrived at the mine. They were refused access and were told nothing.
- The family eventually forced their way into the mine and demanded answers.
- At that point the GORO mine management organized a rescue party and entered the mine, only to find the worker had died of asphyxia.
My thanks to reader L for the forward.
At VRIC, right now:
And yeah, I know Copper Mountain isn't CUM any more....feeling nostalgic here....
- This is not a joke miner and lifestyle company for a couple of lazy Quebecois businessmen.
- It has a strong balance sheet and no debt problems at all.
- Jay Taylor has not been paid enormous amounts of money for years on end to con naive retail tyros into buying chunks of this dog.
- Ditto Thibault Lapouttre.
- The share rollback announced today is not utterly shameful for an operating miner.
- Eric Sprott was not stupid for buying into the bullshit marketing spiel.
- Ditto Nolan Watson.
- IKN head office never rolls its eyes at mails with "MTO" in the title line, always reads their contents and always makes a point of replying to the mailer promptly and courteously.
Nice problem to have, though. Your real live actual game-changer NR here, its headline is...
...and for what it's worth...Cordoba Minerals Intersects 4,440 g/t Gold, 10.25% Copper, 24.7% Zinc and 347 g/t Silver Over 0.9 Meters in New Discovery
...the residual isn't great shakes.
"King’s Bay closed a property purchase agreement on the 19th, and repeating a pattern you pointed out just last month, David Hodge filed yesterday with Sedar a stock acquisition by Zimtu of King’s Bay Gold in Labrador. With that ZC now holds 17.77% of KBG, and today Rockstone’s Stephan Bogner posts 'Cobalt Crunch Time' promoting the polymetallic prospect, apparently based on grab samples. Bogner also promoted KBG on October 27th, and today’s article largely repeats that earlier one."