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11/27/17

Check out this wonderful scam: DNS Minerals

DNS Minerals makes itself out to be a private mining company and, via its website and this cute video made by someone who calls himself the Mexico country manager, Emilio Guilardo, tells the world that its making really good headway on its Sierra Madre silver project in Mexico. So much so in fact they've recently sent in extra teams of geologists to speed things up.

Which is all very nice, until you realize that the whole thing is a total farce. Just as one example, let's check out the biogs of the DNS Minerals Board of Directors, starting with CEO of DNS Minerals, one Brian McAllister:

Brian McAllister

Chief Executive Officer

A professional Geology, with a BSc, MSc, and D.I.C. degrees in Geology, Geo-Mechanics, Mineral Exploration, and Evaluation, Mr Brian McAllister has over 30 years experience under his belt, in exploration, development, and mining underground, and mining open pit, and evaluation and management. Recognized as a “Qualified Person” according to the Toronto Stock Exchange, and “Competent Person” according to the London Stock Exchange, he is a Fellow of the Institute of Mining, Metallurgy and Materials (FIMMM), a Chartered Engineer (CEng), Chartered Geologist (CGeol), European Engineer (Eur Ing) and European Geologist (Eur Geol).
Along with, he is a published researcher/ author for his policy study review on behalf of the Government of the United Kingdom on Diamonds in Sierra Leon. Furthermore, he has served as an expert witness for a well-reputed and well-established law firm based in London.

That sound reasonable to you? Yeah me too, right up to the moment you go and check on the website of a real mining company, the publicly listed Arian Silver (AGQ on the London AIM market). Here's the biog of Jim Williams, CEO of Arian:

Jim Williams

Chief Executive Officer

Jim Williams is a professional geologist with over 30 years’ experience in exploration, development and mining (underground and open pit), evaluation and management. Mr Williams holds BSc, MSc and D.I.C. degrees in Geology, Geo-mechanics, mineral exploration and evaluation. In addition Mr Williams is a Fellow of the Institute of Mining, Metallurgy and Materials (FIMMM), a Chartered Engineer (CEng), Chartered Geologist (CGeol), European Engineer (Eur Ing) and European Geologist (Eur Geol) and is therefore a “Qualified Person” under the rules of the Toronto Stock Exchange and a “Competent Person” under the rules of the London Stock Exchange.

Mr Williams has published work including a diamond policy study review in Sierra Leone on behalf of the UK government, and has worked as an expert witness for a leading London-based law firm.

Apart from the names, those two chunks of prose look rather similar, no? BUT WAIT! THERE'S MORE! Let's turn our attention to the DNS Minerals chair, one Tony Johnson:

Tony Johnson

Chairman

With almost 40 years of experience in projects in the Americas, Africa, Europe, and the former Soviet Union in the international mining industry, he has also held various positions of directorship in numerous public and private companies working in the mining finance and mineral exploration industry.

And now compare that to the biog of the Arian Silver chair, a real person called Tony Williams:

Tony Williams

Chairman:

Tony Williams has 40 years’ experience in the international mining industry, having been involved in projects in the Americas, Australia, Africa and Europe and the former Soviet Union. Mr Williams has held a number of directorships in public and private companies engaged principally in mining finance and mineral exploration.

No my dear reader,I am not making this up. What's more, I'm only just getting warmed up. We continue with this supposed DNS board member

James Mullaney

Independent non-executive director

Mr Mullaney has served as a mining engineer for over 30 years in the mining sector. His senior executive positions were at multiple mining companies, Hope Bay Gold Corporation, Palmarejo Silver & Gold Corporation until its merger with Coeur d’Alene Mines, and worked as a mining analyst and investment banker with Shepards, Merrill Lynch, James Capel & Co. and Yorkton Securities. With a Bachelors of Science with honours from the Royal School of Mines, he is currently serving as a director or officer for numerous publicly traded resource companies.

However this is James Crombie of Arian, who is a real person:

James Crombie

Independent non-executive director

Mr. Crombie is a mining engineer with over 30 years of broadly based experience in the mining industry. Mr. Crombie has held several senior executive positions with various mining companies, including Hope Bay Gold Corporation, Palmarejo Silver & Gold Corporation until its merger with Coeur d’Alene Mines, and was a mining analyst and investment banker with Shepards, Merrill Lynch, James Capel & Co. and Yorkton Securities. Mr. Crombie is also currently an officer or director or both of a number of publicly-traded resource companies. He graduated from the Royal School of Mines, London, with a Bachelor of Science (Hons).

Next, please! DNS claims Daniel Corbin is a board member:

Daniel Corbin

Independent non-executive Director, Audit Committee Chair

Having worked as a Chartered Accountant for over 35 years and as a finance director with a broad-based experience at the entrepreneurial and the quoted level, he has significant experience worldwide in commercial interests in the Middle East, Far East, Africa, and Europe. Including both natural resources and construction. He also dealt as the Finance Director of Sandfield Diamond Developments Plc and Brimster Diamonds Ltd and serves as an advisor for natural resource companies on corporate strategy and project finance.

However, James Cable really is a board member at Arian:

James Cable

Independent non-executive director, Audit Committee Chair

James Cable has been a chartered accountant for over 35 years and is a finance director with extensive experience at board level in quoted and entrepreneurial private companies. He has significant international and commercial experience gained in the Middle East, Africa, Far East and Europe in several business sectors including natural resources and construction. He is a former Finance Director of Kopane Diamond Developments Plc and Mantle Diamonds Ltd. and advises natural resources companies on corporate strategy and project finance.

Next! DNS Simon Bramble:

Simon Bramble

Independent non-executive Director, Nomination and Remuneration Committee Chair, Corporate Governance Committee Chair

Having qualified as a Solicitor in 1975 and having worked as a retained lawyer for several years with Citibank, and Chase Manhattan. After his return to the private sector, he set up his law firm; this would go on to becoming one of the top 500 law firms in London. He was the specialist in a firm on company law where he also served as a senior partner; furthermore, he has served as the advisor to various companies.

And Arian's Tom Bailey:

Tom Bailey

Independent non-executive director, Nomination and Remuneration Committee Chair, Corporate Governance Committee Chair

Tom Bailey qualified as a solicitor in 1975 and worked as an in-house lawyer for a number of years with Citibank and Chase Manhattan before returning to private practice to establish a law firm which ultimately became one of the top 500 law firms in London. Mr Bailey was the senior partner of his firm specialising in commercial law. Mr Bailey has for a number of years carried out consultancy work for various companies.

And finally from DNS...

David Richardson

Company Secretary

Presently a Fellow of The Institute of Chartered Secretaries and Administrators (“ICSA”), Mr David Richardson has served at senior offices in international blue chip companies and has recently served as Assistant Company Secretary of ICSA, he is a leading authority figure on governance and compliance.

Which compares to Arian's...

David Taylor

Company Secretary

David Taylor is a Fellow of The Institute of Chartered Secretaries and Administrators (“ICSA”), has held senior roles in a number of international blue chip companies, and most recently served as Assistant Company Secretary of ICSA, a leading authority on governance and compliance.

So what part of "DNS Minerals is a total scam and Emilio Guilardo needs to be arrested and thrown in jail immediately" do you not understand? And please check out Emilio's video right here, it's just this side of wonderful:




IKN cracks another case. Margaritas served, the end.