
12/13/14
The Colombia Peso/US Dollar forex
Metals versus Miners versus Oil, last week
12/12/14
Only raise 10% of the cash you needed in your placement? Honey Badger don't care!
The Friday OT: J.S. Bach-Piano Concerto #7 (BWV1058), Glenn Gould
Canada's finest.
A popular Pope
"...announces a non-brokered financing..."
Dalradian (DNA.to): Rousseau dumps 2.5m
NGEx Resource (NGQ.to): Quicker than I thought
Here's the text on NGQ.to from that day in IKN285
Ten, ten, ten, ten
A chart:
12/11/14
Chart of the day is...
...zinc, six months, from Kitco
In what's now quickly turning into a tradition at Fortuna Silver (FSM) (FVI.to)...
12/10/14
CIM 43-101: The natural evolution of graft and corruption (from IKN291)
Joao Contreras, the electric footballer
Chart of the day is...
12/9/14
The 2014 Behre Dolbear ranking of where you digging people should go play at mining
First Majestic (FR.to) (AG): It's capitalism, baby
Spare a thought for the dude who dumped 800k of FR.to onto the TSX and caused that circuit breaker halt yesterday morning.
And then laugh your ass off. Seller's regret, go big or go home.
Thoughts on the SNL Metals & Mining study
"Conventional wisdom holds that the major companies leave grassroots exploration to the juniors. It may therefore be surprising that the larger players are contributing 40% of all greenfields allocations in 2014. A persistent financing drought has squeezed juniors’ budgeting to the point that the majors have become the biggest drivers of early-stage exploration. Similarly, the larger players traditionally dominate minesite spending; in 2014, however, they account for only 51% of the near mine work as their investors demand improved returns over growth. It is also interesting to note that the larger players are responsible for just 32% of late-stage exploration and feasibility work."
Supposition: I'm a major with a penchant for exploration.
1) I look around, see all those conventional wisdom juniors in a sector that resembles The Somme 1916.2) I pick out a couple that look prettiest/best value/suitably beaten to kingdom come.3) Do i buy em out? No, don't think so...adding weight to the fixed assets in detriment to current assets isn't something my CFO wants to do.4) Do i throw money at 'em and then let the junior burn it on salaries (Zijin and Pretium)? Not that one either, i'd want control.5) So what if I went to my target junior and offered to take a 19.9% stake as long as they gave me two seats on the board and agreed (in principle should be enough) on a cost-cutting exercise that made it lean-mean-rock-banging machine? Yeah, that's what i'd do.
The latest from the gold technical analysts and chartists
"...for several months, and you see today that I was right! My utter conviction of the value in gold has been vindicated by the move above the key $1,221/oz level this morning, so I'm humbled and happy that my followers are benefitting from my insight. And of course, when I screamed at the world that gold breaking down through the key $1,180/oz level a few weeks ago would cause it to drop immediately to $1,050/oz and then under $1,000/oz, that was only a hypothetical situation, because the way in which..."
Catching up with that Aberdeen (AAB.to) versus Meson Capital fight
You say you wanna revolution?
- Meson Capital Commits to Improving Governance at Aberdeen International - Intends to Eliminate "Heads: Insiders Win, Tails: Shareholders Lose" Pattern of BehaviourCNW Group(Mon, Nov 24)
- Aberdeen Corrects Inaccurate Shareholder LetterMarketwired(Thu, Nov 20)
- Major Shareholder Demands Aberdeen Cease Pending Dilutive Private Placement to InsidersCNW Group(Tue, Nov 18)
- Aberdeen Announces Portfolio InvestmentMarketwired(Fri, Nov 14)
Mo' Allied Nevada (ANV)
Following on from last night's news, this morning comes the pricing of the offer:
"...investors will receive one share of our common stock and one half warrant to purchase our common stock for a price of $1.00. Each whole warrant entitles the holder thereof to purchase one share of our common stock at an exercise price of $1.10 for a period of five years from the closing date of the Offering...." whole thing hereA dollar, you say? For a stock that closed at U$1.39 last night? Plus a juicy half warrant? I was trying not to use the word desperation here but obvious I've failed, it came back to mind too many times to ignore.
Sounds like the Duke Brothers' bet in Trading Places.
12/8/14
Colombia's trade balance...
...is not going to enjoy the drop in the oil price.
Allied Nevada (ANV): Rock, Scissors, Paper
The rock that ANV sold (aka the metal it got from the rock it processed) didn't work. the company keeps losing cash on operations per quarter (over $62m last time around)
The scissors that ANV sold (aka the machinery owned that ANV says was excess to requirements, which makes you wonder why they bought it in the first place) just wasn't enough: In short, $8.9m from a glorified garage sale isn't going to plug the hole long.
The paper that ANV is now trying to sell, well it was kinda inevitable. Tonight's NR, right here.
The cozy relationship between Argonaut Gold (AR.to) and the brokerages...
UPDATE: I thought I'd check on his data and...
...yeah, he's right.
First Majestic (AG) (FR.to) halted
Lemme guess: "Dear world, we're bored with the way you keep selling our stock. Stoppit".
Nah, it's probably news that they've got some cash out of Davila. We'll see.
UPDATE: Ah wait, it's a circuit breaker halt. So i was right the first time
Your tour of a 500 year old mercury mine
"Nevertheless, some of the gallery walls are preserved, some behind glass. Behind the glass, you can see the colorful red and blue-green strata that contained the mercury. In some cases, you can see “native mercury” that’s not locked into the ore in compound format. Little globules of the silver poison just sitting there for the taking."
Peru: The COP20 conference and Madre de Dios: How much is destroyed by illegal mining
*in fact the Amazon will kill them, given enough time.
12/7/14
Juan Luque Mamaní the easy winner of the Puno regional run-off election in Peru
Spanish PM Rajoy in Mexico: "We are in a golden age of commerce and bilateral relations"
The IKN Weekly, out now
IKN291 has just been sent to subscribers. The best bit is about 43-101, because I didn't write it. Buzzz buzzzz
A detox rebuttal
I'm with you most of the time, but this is just not based in fact. What Ernst says is biased and untrue. It's in the best interest of modern medicine to keep people sick... that's obvious.
There are certainly quacks peddling snake oil, but making a general statement that detox is a sham is irresponsible.
The reader that left the comment is equally naive. "the remainder is potentially harmful, having circumvented most or all of the safety tests that "conventional medicines" must pass."Do a simple Google search on how many deaths occur annually due to properly prescribed, "conventional medicines." The FDA is the scam, in it with the pharmas that pay their bills. Put that up against 99% of vitamins/herbs/natural therapies, then write me back with your findings.
BTW, my degree is in public health and biology. I've spent 30 years experimenting with my own health/wellness and eat mainly organic and taking natural supplements. I've detoxed plenty, and every time I feel better, perform better and increase my energy levels.
What angers me is the continuous efforts of seemingly well-intentioned people, like your reader, who make irresponsible statements like, "I wish these places would be closed down." Why? So that we are finally restricted to buying only the "pharma approved" true poisons?
Lastly... I've watched 6 family members and friends die from cancer whilst on modern chemo/radiation treatments. The "recommended" course of action by the mainstream. I've also watched several completely heal themselves with natural, herbal and meditative therapies. 6 are dead, 3 are alive...
Like I said in my opening statement, this is not based on fact, and continuing to trumpet that horn misinforms and harms.
A message for Bob Stirling and for all of you
Pope Francis interviewed by Argentina's La Nacion newspaper in English
Pope Francis: "God has bestowed on me a healthy dose of unawareness"
In his first interview with an argentine newspaper, he spoke of the challenges of the Catholic Church: family, reform of the Curia, gay marriage and divorce
full report hereRome- "God is good to me, he has bestowed on me a healthy dose of unawareness. I just do what I have to do. From the start I said to myself, 'Jorge, don´t change, just keep on being yourself, because to change at your age would be to make a fool of yourself'".
These are some of the things Pope Francis said, as spontaneous as ever, during the exclusive interview with the argentine newspaper LA NACION almost 21 months after he was elected Pope.