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7/2/20

Hey Dev

Nice to see you suddenly vociferous, Dev. Do you think that was the whole thing? It is incredible you haven't even realized what's going on yet. Not long now, Dev.

7/1/20

Orange Stupid is the worst POTUS of the modern era

This is the entirety of his Covid-19 policy, July 1st 2020:

"I think we're gonna be very good with the coronavirus. I think that at some point that's going to sort of just disappear, I hope."

Quote/Unquote. Link here, video and all from Fox Business.

Tell mining CEOs about their racism and bigotry

And tell them straight to their faces. That bunch of overweight middle-aged white males need to be told how abhorrent they look as a group.

June 2020, spot copper versus Regulus Resources (REG.v)

Spot copper improved more.



Unbelievable.

6/30/20

I'm raising the price of The IKN Weekly

There's a raft of new subscribers recently arrived at The IKN Weekly and, by the way things look, the neophyte end of the casino punters has started to arrive with them. The blog is the blog, but that is something we do not want at The IKN Weekly so I'm going to do something I haven't done for eight or nine years and put the prices up. Here's the gig:
  • In two weeks' time, the subscription goes to U$50/month and the annual U$500.
  • New subscribers before then get the current $40 or $400 rates, as preferred.
  • All subscribers already on board in two weeks' time, both new and old, are grandfathered at their current rate so don't fret, ladies and gents, I'm not after any more of your money.
Bottom line: The IKN Weekly will be more expensive soon because it doesn't want your custom. If you want a screaming juniors tipsheet go somewhere else, we try to be serious and don't need dumbos on their personal learning curves ruining bids and asks for the rest of us. On the other hand, if you've been thinking about signing up consider this a nudge (but don't take the annual unless you mean it).

Four gold mines on strike in Santa Cruz, Argentina

  • Cerro Moro (Yamana et al)
  • Cerro Negro (Newmont)
  • Minera Santa Cruz (Hochschild/McEwen Mining)
  • Don Nicolás (Kirchner slush fund cash)
All mines are on strike and roadblocked, with workers demanding a 22% pay rise. The national government has now invoked its mandatory negotiation period to try and get the two sides talking



It's the usual roaring silence from the mining industry on race (rpt20)

It comes as no surprise to this desk to note that, to date, we have not had a single word of support from the mining industry for the George Floyd protests in The USA and the world in general. Not a single company has issued a message of support, not a single captain of this white male dominated industry has stepped up to be counted. And it really is "as usual", this is after all the same industry that treated local communities like dirt for centuries, it's the one that was forced to accept women onto their boards, now it's setting up to be the one that will wait until obliged by law to do something about its race problems. And there are many, starting with the number of black or minority faces you see in mining C-suites, as with very few exceptions your industry either whitewashes boards or has the worst sort of tokenism on show. The only place you see black people in executive positions in mining companies on a regular basis is South Africa, a country that knows all about structural racism and the steps to solve the problem.

The industry has to speak out on George Floyd and the growing movement around his death and needs to do it proactively, because this time really is different. The USA's Black and Afro-American communities have been hitting us with the same message for years, only to be met with silence from those who might agree (or tone-deaf idiocies such as, "Well actually young man, all lives matter!"). This time, white middle class comfy life guy who agrees with their cause, i.e. me, doesn't have the option of silent agreement. We need to speak, say "Ok, we are listening" because a flashpoint has occurred and they've finally, FINALLY, got our attention on the Afro-American agenda, not the one we'd like them to have.

Mining captain of industry, time to step up and put mining into the progressive social lane, rather than let it stagnate in the retro-mentality of always. Be the industry that makes a difference, instead of waiting for the different to happen to you. There are dozens of real mining rockstar influencers to choose from, famous name CEOs, investor moguls and even the big name newsletter writers who could all get a five minute slot on BNN with just a phone call. It would only take one of you to start the ball rolling.

re-post from here.

IKN was not joking about its best Covid-19 2020 mining stock strategy

One week ago, this post:


It's only just begun.

Dress those windows and paint those tapes...

...it's June 30th, ladies and gents.

Or for those of you just joining us, fair to say that you shouldn't start making assumptions on future price action of any company stock based on what you witness in the next few hours. However, if you're bought in and currently watching the market for simple amusement (e.g. me), today's action is likely to be as entertaining as any movie or football match alternative. Have a great day.

SolGold (SOLG): Warren Irwin's day just got better

Nick DumbAsRocks Mather has decided to throw more of his shareholders' money down the toilet:

BRISBANE, Australia, June 30, 2020 /CNW/ - The Board of Directors of SolGold (LSE: SOLG) (TSX: SOLG) is pleased to announce that it has today, through its wholly-owned subsidiary SolGold Canadian ExchangeCo Corp. ("Offeror"), formally commenced an offer (the "Offer") to acquire all of the issued and outstanding common shares ("Cornerstone Shares") of Cornerstone Capital Resources Inc. ("Cornerstone") (TSX: CGP).

A 22% premium on all paper? This could turn out to be fun. Full thing here.

6/29/20

The Regulus Resources (REG.v) part-time marketing department

Explain this otherwise? Their marketing and IR department shows up for work one month, disappears the next.




Man I wish all jobs were this easy. Apparently they are unsackable, as well.

The gold miners beat the silver miners again today

Where's the leverage, silverbugs?