Dear StanFuck the fuck right off Stan Sudol, you and your worthless website that just scrapes content off other people and gathers all the clicks for itself. Don't you even think of ripping off IKN like you do other sites in your desperate attempt to fill your parasitical den of plagiarism with content. The day that Reuters, Bloomberg, Globe & Mail, Mining Weekly and every other channel you cheat out of traffic slaps a cease and desist order on your sorry, freeloading ass will be a good day for the internet. Fuck the fuck right off and never come back to IKN.Love, Otto.
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On perusing the back office stats a few minutes ago, I noticed that one Stan Sudol, the person behind the website Republic of Mining (no, there's no away I'm linking you through) has recently signed on a subscriber for the IKN free daily mailer. Therefore here follows a message that's been lovingly tailored for Stan and Stan alone.
Pretty damned wonderful post from my favourite blogger. This bit...
The nice thing about SHIT intercepts is that for the FAG (the Fraudulent Angry Geologist) they give you an opportunity to pad your PR with some MAXIMUM IMPACT (tm) BS, by letting you:
- Report a nice high-grade SHIT intercept - everyone loves those
- As a bonus you can call it a new "structure" - have some fun, name it after your girlfriend
- Even better - as you only have a single hole, it is "impossible" to calculate a true width, because, you know, GEOLOGY!!!
...plus my introduction to the word 'chimping' right afterwards, made me laugh so loud it scared the dog. Go see for youself right here.
IKN quotes Arturo Préstamo, Pres/CEO of Santacruz Silver (SCZ.v), in today's 4q16 production report:
"We are excited to see the results of our efforts over these past months coming to fruition..."
Bless his heart. Here's the last six quarters of production at its main Rosario mine:
And oh yeah, there was this as well. You need to scroll down quite a lot under those boring tables full of numbers, but when you do...
Management ChangeThe Company advises that it has appointed Dante Rodriguez as Interim Chief Operating Officer, replacing Cesar Maldonado as COO. Mr. Maldonado has agreed to remain as a consultant to the Company. The Company wishes to thank Mr. Maldonado for his valuable contribution to the Company during his tenure as COO.Mr. Rodriguez has most recently held the position of Vice-President, Exploration for the Company's wholly-owned subsidiary, Impulsora Minera Santacruz, S.A. de C.V.
...you see the COO has been fired but hey, fergeddaboutit. Everything is awesome in junior world. Everything.
If you're going to fake knowledge of Spanish, Keith, fake it right. From here:
“For any geologist, putting this kind of historic narrative together with good geology is very, very compelling, and it’s incredibly fun to be doing it,” he says. “It’s like a dream come true. At the end of the day, I don’t know what we’re going to find, maybe nothing. It’s in the hands of the Gods — Los Manos de Dios — but all the indicators are there, and, as exploration geologists, this is what we do. We work on hunches, we sift through evidence, and sometimes we work with historical narratives, as well.”
Not the first time it's been the Friday OT. But that's not my fault, I'm powerless to resist.
A couple of people close to me know how this thing has turned into a full-blown obsession. Brian Transeau (BT) at his zenith and here and now, 22 years after it was recorded, still sounds way ahead of its time. Amazing sounds, play loud don't spare the woofers, it's the all-time definitive trance track.
Tr-i-i-i-i-i-p hey yeah
Tr-i-i-i-i-i-p hey yeah
Tr-i-i-i-i-i-p hey yeah
Tr-i-i-i-i-i-p hey yeah
...a new reco on an overlooked and compellingly valued gold mining company. Just the way I like 'em in fact, I plan on being in early on a stock that could do nothing for a few months and then zoom very very high. Or to quote Rick Rule:
"It’s important to measure whether you have the financial and the psychological strength to be early. But the truth is the contrarians—successful contrarians are always, always early."
See you Sunday for IKN410, subbers.
...under the long-tested adage, "Fool me once shame on you, fool me twice shame on me". Anyone stupid enough to walk headlong into this obvious pumpjob after what we saw yesterday...
...a price and volume spike on "news" that the company has received its drilling permits*, deserves everything they get from following companies run by unqualified scam runners like the ridiculous lip-flapping moron Allan Barry. Seriously, if you can't see what's going on just by looking at that chart and harbour even the minimal inkling that Alset (ION.v) offers you a trade potential, you need to walk away from this whole sector immediately and never return, for the financial sake of your children. Do Not Feed The Animals and be very clear, the people running this scam job, i.e. the Stares brothers and their lumpenprole useful idiot Barry, are prime examples of the animals to avoid.
*Top tip for greenhorns: receipt of drill permits has never been, is not and will never be market-moving news. It's what juniors are supposed to do, because the only other alternative for an exploreco to receipt of permission to drill is a one-way street to nowhere land.
You can tell how seriously Mark Moseley-Williams takes his job as head honcho of Eco Oro Minerals (EOM.to). His company...
1) ...is currently facing a shareholder revolt and legal actions up to its wazoo
2) ...is in international tribunal dispute with Colombia
3) ...has failed to do a single thing of worth since his arrival
...and his reaction is...
That's from Mark Moseley-Williams' Facebook page. Looks like he could do with laying off the pies, too. Take it easy on the fruity rum punches there, Mark.
Plenty of moaning and groaning being picked up by this humble scribe about the way gold is up this week (GLD up 1.4% since last weekend) but the juniors miners haven't followed suit (e.g. GDXJ down very slightly since the weekend). Well that might be true for you, follower of crap stocks and BS pump jobs, but over at The IKN Weekly Stocks to Follow list just four of the 15 junior mining stocks covered are down on the week. Another two are unchanged, then nine are showing gains since last weekend. Quite a few of those winners showing decent percentage differences, too. I feel for you all, I really do. Not.
For more information on a decent selection process for juniors, rather than chasing the waste of space pumpjob fed to you by Scamsberry or the two-faced scumballs who "only want to help you" at CEO.ca, see the IKN flowchart:
Good news for all those looking for more mining news from Colombia. Paul Harris of The Colombia Gold Letter has started a side-by-side free access blog to run alongside his premium monthly letter. Read the very first post on his site right here, "Getting Things Done", out today.
Paul has become known as "Mr. Colombia" in the mining world, thanks to his unbeatable knowledge on the country's mining sector. With his new blog he'll be able to show that expertise off to even more people. Go visit.
Tahoe Resources (TAHO) (THO.to): The decimation of shareholder value caused by Kevin McArthur's empire building designs
This is what happens when somebody who got lucky with timing actually fools himself into believing he got rich because he's smart.
In February 2015 when Tahoe Resources (TAHO) (THO.to) bought Rio Alto Mining, it was an all-paper deal framed at a ticket price of U$1.09Bn. TAHO issued 75.991m shares to close the deal. Those shares are now worth U$557m.Then in February 2016 when Tahoe Resources (TAHO) (THO.to) bought Lakeshore Gold, it was another an all-paper deal framed at a ticket price of U$569m. TAHO issued 69.239m shares to close the deal. Those shares are now worth U$507.5m.
And during the whole period, from before the Rio Alto purchase until today, TAHO has added 163.7m shares to its count. As for market cap, that's gone up by less than $200m.
Randy must think he's really really clever.
Back in 2015 this humble corner of cyberspace noted, in the midst of the new hoo-hah around the Canadian tax people putting Silver Wheaton (SLW) under tax evasion investigation, that SLW contributed virtually nothing in the way of taxes despite its multi-billion dollar market cap (and very unlike peer company Franco-Nevada (FNV), a company that plays fair with the tax man. Therefore it's sad to report that SLW is still cheating the tax man. Here's a chart that shows the amount of pre-tax earnings, tax paid and net earnings over the past six years at SLW:
Impressively, the tax cheats run by Randy Smallwood have managed to book U$1.756Bn of pre tax earnings and pay just U$12.2m on that sum, a corporate tax rate of 0.7%. There should be a law...wait, there is!
Funny how Randy "owns his decisions" but feels no obligation whatsoever to his country.