Wednesday, September 30, 2009
Click the figure below to see the complete problem 362 about Circle, Chord, Perpendicular, Equal chords.
Complete Problem 362
Level: High School, SAT Prep, College geometry
Click the figure below to see the complete problem 361 about Right triangle, Incircle, Incenter, Tangency points, Angle.
Complete Problem 361
Level: High School, SAT Prep, College geometry
The valley of Joachim, Joachimsthal, is a place now located in the Czech Republic. In the 15th century, very high grade silver veins were discovered there. The mines were run by the Count of Slik and the coin minted there was named after the location and called the Joachimsthaler, later popularly shortened to simply 'Thaler'. The Thaler quickly gained a reputation as an uncorrupted and reliable coin and became popular all over Europe. Its name was linguistically corrupted by some country languages. In Denmark, for example, it was known as the 'Daler'. With the discovery and population of the New World, the name of Europe's most reliable coinage was adopted for its new money. It's still around today, we call it the "dollar" and it's the one and only driver of the metals market today, September 30th 2009. Follow the USD index today, folks, cos the rest is just noise.
Troy Resources (TRY.to) up 5.2% at C$2.02. The rot stopped overnight in Oz and the Canadian listing is following its leader today. Volumes lowish.
Colossus Minerals (CSI.to) up 21.3% at $5.87. Welcome to the world of the junior miners, CSI.to newbies, enjoy the religious experiences on offer in the weeks to come. Contrary to rumour, CSI.to does not have a new bizplan of "drill every 5cm and extract the total orebody via drillcores". Avoid like the plague.
Dia Bras (DIB.v) down 2.1% at $0.235 but has made great strides in the last week or so. The newsflow is coming thick and fast, a sure sign of insiders safely installed and where they want to be. I own and I'm a mile up already, so DYODD, dude.
TheNewCrystallex (EC.v) down 1.1% at $0.47. Still no permit? LOL! Joke stock run by bullshitters for idiot dreamers only.
Crown Point Ventures (CWV.v) down 12.7% at $0.55. I was asked yesterday why I wasn't crowing on this stock, as we picked it here at 35c and then later in the low 40s. The reason is the bid/ask spread, cos even with nearly 200k traded today the bid is at 55c and the ask at 60c...not exactly liquid. I own a few (not many, just a few) and I'm aiming for loonie on the crapshoot. DYODD.
- Silver has risen by 18% in the period on its positive run. All good.
- Fortuna Silver has risen by 54% as the quality of this company begins to shine through.
- Great Panther lagged for a while, then shot forward when silver-the-metal reached a critical point. Then at $17/oz and above GPR.to caught up and even overtook FVI for a while. This is because GPR.to has a marginal, high cash cost operation that only makes a decent profit when silver prices are high. When silver dropped back to $16/oz, traders found out the flipside to that strong leverage. The Lord giveth, and the Lord taketh away. Meanwhile, due to its low cash cost Fortuna makes money at all silver prices.
- ECU Silver is a total waste of time and is best left to those influenced by BS pump tactics and shillers.
Moral of the story: First identify quality, then buy it. Then hold it. When it comes tp the world of small silver producers, there's none better than FVI.v. If you want to roll da bones on a high cash coster like GPR.to, well good luck to you. You won't find me screaming at you not to do it, but you won't find me as company, either. I like investing my money, not gambling with it. As for ECU.to, if you're long it's way past the time you admitted to yourself you were wrong. Or if you like, hold through and stay in investment kindergarten. Your money, your life, your call.
- In the dark green "we totally rule" category, Funes in El Salvador and Martinelli of Panama are enjoying their honeymoon periods right now. Lula, 'Chelle and the little guy with glasses in Colombia are all as popular as ever.
- In the light green "we're popular" category comes Calderón, Vasquez and Evo.
- The yellow-shaded "look we're still ok here but we gotta watch out" category come some guy with a foxy wife, Studmuffin, Rasputin and Colom (who's managed to shake off the murder accusations in the last few days, too).
- Bringing up the rear come the guy who EpicFailed in the negotiations with the coupmonger fascists of Honduras, Twobreakfasts and Klishtina. She was a dead duck Prez in month four or so...nothing has changed.
You'll note that Hugo isn't on the list. He polled 58% last time round, according to the pretty reliable Datanalisis polling firm.
However I got a lot of feedback on the part where Cook commented on Rusoro Mining (RML.v) as he said the company was connected with Russian mafia. Well I laughed about it over my Saturday coffee and then mailed Brent Cook to say that I think he got that one wrong. From what I hear, other people with greater gravitas than I also thought it was a bit heavy. So it was impressive to see Brent Cook stand up yesterday and say "hey guys, I was wrong". In a world of overstuffed egos, kudos is again deserved by Cook for having the fortitude to admit his mistake publicly. I've been given permission to reproduce the extract from his letter to clients yesterday and here it is.
Before moving on to this week’s belated letter I need to rectify a statement I made on Friday’s BNN Market Call Tonight show regarding Rusoro Mining (RML.TSX)
To the best of my knowledge, there is no Russian mafia involvement or connection with Rusoro: I was wrong. According to the most recent information circular, the significant Russian shareholders in Rusoro are Andre Agapov (8.9 million shares), Vladimir Agapov (59 million shares) and Peter Hambro (~6.1 million shares). These are legitimate businessmen and companies.
In retrospect, had my foot not been so much quicker than my mind, this is what I should have said regarding why we are not invested in Rusoro:
Although Rusoro is an obviously undervalued gold company with measured and indicated resources of about seven million ounces and another seven million in the inferred category, I do not see a clear way forward that benefits shareholders: i.e. takes the share price up. There are too many variables and risks that are beyond our ability to understand and predict in Venezuela. This uncertainty is a very strong headwind that I believe will keep outside investors from re-rating the company for quite some time. An investment in Rusoro implicitly assumes that you trust the Venezuelan government (Hugo Chavez at the moment) to play fair with shareholders.
Venezuela has been, shall we say, less than fair in their appropriation of natural resources. In 2007 they nationalized the last foreign company’s participation in an oil field. In the mining sector, Gold Fields and Hecla experienced sufficient national and local government impediments and bureaucracy at their gold projects to convince them it was best to leave. Their departure benefited Rusoro who legally acquired the Choco deposits from Gold Fields and, Isidora from Hecla. RML has subsequently been able to work through the issues and turn those operations around. Rusoro is now the “company of choice” for the Venezuelan government, as evidenced by their joint venture on the Isidora mine.
Elsewhere in Venezuela, Crystallex (a 26-cent stock with reserves of 16.8 million ounces of gold) was denied a mining permit and is awaiting an appeal. Gold Reserve, the other foreign mining company operating in Venezuela, is contesting the revocation of a key permit by the government on their Las Brisas gold deposit. Both companies are effectively dead in the water at the hands of the government.
UPDATE: for those of you tuning in from V-Headline, please be clear that Roy Carson is a two-faced lying dickhead of the first order.
The main part of the church was built in 1857-8 to the design of Sir George Gilbert Scott, the upper part of the tower and spire being completed in 1861-2.
Key internal features include the great wheel window at the west end of the church, filled with fine stained glass by Wailes and Co of Newcastle-upon-Tyne, depicting the heads of the twelve Apostles with the head of Our Lord at the centre, dating from 1869.
Click the figure below to see the interactive illustration of Rose Window at Church of St Matthias, Richmond and the Golden Rectangle.
Rose Window at Church of St Matthias, Richmond
Tuesday, September 29, 2009
The Cathedral of Our Lady of Chartres, is a Roman Catholic cathedral located in Chartres, about 50 miles southwest of Paris, is considered one of the finest examples in all France of the Gothic style of architecture.
Click the figure below to see the interactive illustration of the North Rose window at Chartres Cathedral and the Golden Rectangle.
Rose window at Chartres Cathedral
Lewis Amselem, the head of the U.S. delegation to the Organization of American States (OAS), who called President Manuel Zelaya’s return to his country “irresponsible” and “foolish” was denounced years ago for having concealed the identities of individuals, one of whom was a U.S. national, who tortured and raped a U.S. nun in Guatemala.CONTINUES HERE
Also, check out the top compilation RB has put together over at ten percent.
September 29 (AP): "....But Moody's faces additional scrutiny because one of its former analysts has accused the company of pressuring its analysts to inflate bond ratings, and its biggest shareholder, Warren Buffett's Berkshire Hathaway, has unloaded nearly 9 million shares since July (continues)...."
September 23 (Reuters) - A former analyst with Moody's Corp (NYSE:MCO - News) has accused the credit ratings agency of issuing inflated ratings, and has taken his concerns to U.S. congressional investigators, the Wall Street Journal reported (continues)
May 29 2008 (Rebuild org): "The Moody's Corporation, a securities rating firm, is under suspicion of giving false ratings to some of the securities that it had been evaluating. Currently, the corporation is looking into whether those inaccurate, high ratings were the result of computer mistakes (continues)"
LIMA, March 24 2009 (Reuters) - More Peruvians went hungry last year despite blazing economic growth, a sign that President Alan Garcia is stumbling in efforts to direct benefits of an impressive expansion to the poor. The percentage of people in Peru with inadequate nutrition rose by more than 11 percent in 2008, faster than the economy's 9.8 percent surge, according to the national statistics agency. Now, 32 percent of Peruvians do not get enough to eat (continues)
LIMA, Oct 8 2008 (Reuters) - UPDATE 1 - Thousands march against García, corruption in Peru (continues)
Pisco sours served, the end.
The Associated Press (AP) news agency has accidentally published internal notes about the arrest of film director Roman Polanski instead of a story.
The document details an exchange of messages between reporters about Mr Polanski, who was held in Switzerland and faces extradition to the US.
In the note, one reporter asks if his colleague can "do some more probing" and speculates that Switzerland was under pressure from the US.
AP swiftly filed a replacement article.
The mistake came to light on 27 September, with the headline "Swiss arrest Polanski on US request in sex case".
But rather than a conventional news story, the post contained basic information as to when the press conference would start, and then continued, saying the reporter would "push out another writethru [sic] with some more background details before press conference", while a colleague wondered if the Swiss were under "intense pressure" and whether they wanted "to throw the US a bone".Sent in error, the copy was picked up by the Google News service, as well as being automatically posted to a number of yada yada continues here
If this stock (ECU.to) is not at $3 US, or CDN, by the end of the year, I will cut the Café’s subscription price in half for 2010, or $100 versus the now $199 … which means I will lose hundreds of thousands of dollars if this dog does not hunt … am putting my money and my mouth where my money is.
But remember GATAites, don't be backward about claiming your 2010 discount if it doesn't go Murphy's way. We all know that he's a man of his word and will honour his hubri...SORRY! his sincerely held views.
Strait Gold (SRD.v) up 15.4% at 7.5c and Pandoro (PML.v) up 11.1% at 25c. These two tiddlers have got together on the deal over a Peru copper/gold asset and you can read about in this PR. We will be going into detail about this in IKN23, out Sunday. For the moment we'll sum things up in one word: Interesting.
Dynasty Metals (DMM.to) down 0.8% at $3.85. DMM releases solid, factual good news and the market yawns. A sparrow farts close to an idiots-only Ecuador pump job like EC.v and it zooms 20% either way. Go figure yourself, but I still prefer the boring side of the street.
Troy Resources (TRY.to) down 7.7% at C$1.93 with raised but not massive volumes. The Aussie listing runs this stock and so the dot TO version will just do what its big brother did while it was asleep. There's a chance to buy cheaply here, which is good. The issue is whether there'll be a chance to buy cheaper later.
Kinross (KGC) up 3.2% at U$21.99. The weirdest story about K today hit bloomberg entitled "Kinross May Boost Gold Production 57% Within 5 Years". My immediate reaction was "or perhaps production will only increase 54.5%.... or maybe a bit less.... or maybe outperforming an impressive 58.214%". When you read it you see that all the dumbass reporter has done is assume that six pipeline projects in South America come online as scheduled, something as as likely as the hole in my trasero healing up. Included is the economically very dubious Cerro Casale white elephant up in the frozzy dry wastes of Chile (plenty of ounces, no idea how to get 'em out) and Fruta Del Norte in Ecuador, a place where exploitation permits will only start to get handed out 2012, which cuts three years out of the timeline before drawing a second breath. Really, what's the point of this type of bandwidth-waste? Bloomie hacks should really stick to what they do best, which is..... errrrrrrrr.............. mmmmmmmm....drinking coffee.
FOR IMMEDIATE RELEASE
U.S. RELIGIOUS DELEGATION TO HONDURAS CALLS ON U.S. GOVERNMENT TO SPEAK OUT AGAINST HUMAN RIGHTS VIOLATIONS
Sisters of Mercy of the Americas
As the crisis in Honduras explodes with last week's unexpected return of President Zelaya and now with the suspension of Hondurans' constitutional rights, the Sisters of Mercy Institute Justice Team is meeting with U.S. policy makers, including Administration and Congressional offices, urging them to speak out strongly and publicly in denouncing the excessive force and brutal human rights violations committed by the de facto Honduran government.
This call for immediate action to address the emergency situation in Honduras is included in a report issued by a U.S. religious delegation to Honduras which visited Honduras August 18-25, 2009. The delegation's report documents key findings following meetings with legal, government, church and humanitarian officials and agencies in Honduras, as well as on-site testimonials from dozens of Hondurans who reported horrific human rights violations.
Organized by the Sisters of Mercy of the Americas Institute Justice Team with the support of Quixote Center/Quest for Peace, this U.S. religious delegation was in response to requests from religious partners and community organizations in Honduras for international accompaniment following the June 28, 2009 coup in Honduras.
Delegation members included Jean Stokan, Sisters of Mercy of the Americas Director of the Institute Justice Team; Diane Guerin, RSM, Sisters of Mercy of the Americas - Mid-Atlantic Community Justice Coordinator; Edia Lopez, RSM, Sisters of Mercy of the Americas - Caribbean, Central America and South America Community; and Marie Dennis, Co-President of Pax Christi International.
"We urge the U.S. to be unequivocal in the signals it gives to the de facto Honduran government on the need to return to constitutional order," said Stokan. "The hope is that once constitutional order is restored, the challenges around addressing the deep polarization in society can be advanced. Too much is at stake not to proceed in this direction."
To access a summary report and full report from U.S. Religious Delegation to Honduras: Go to www.sistersofmercy.org
Click the figure below to see the complete problem 360 about Area of a triangle, Curvilinear triangles, Circles, Diameters.
Complete Problem 360
Level: High School, SAT Prep, College geometry
Let's check on the recent action over at Mansfield Minerals (MDR.v), a company with assets in South America including its main one, Lindero, a gold heap leach project with somewhere between 1.5m and 2m oz Au to dig up, it seems. Here's the three month chart for MDR....
Mansfield Minerals Inc. (MDR)
|As of September 28th, 2009|
|Filing Date||Transaction Date||Insider Name||Ownership Type||Securities||Nature of transaction||# or value acquired or disposed of||Unit Price|
|Sep 28/09||Sep 18/09||Leask, Gordon Patrick||Direct Ownership||Common Shares||10 - Acquisition in the public market||250,000||$0.570|
If we check out the one minute chart for MDR in the period....
Let's hope management at MDR is as good at adding net worth to the company as they are about adding it to their own back pockets. DYODD.
....with another 6.8% lopped off in Australia last night and the Canadian stock likely to go under C$2 by the end of play this morning. For some bckground of the whole shebang, check out this report in The Australian.
As a TRY long I'm watching the issue carefully, but mainly for two reasons:
1) Will it cause any delay for the Casposo mine construction?
2) Will it give me a decent place to buy more stock?
The first one is the key to the drop. The boardroom spat seems to be centred on the way TRY wants to raise the cash to build its new mine, so while there's dissent there may be a delay in the forward movement at Casposo. Nothing sure yet, but if things slow down it can't be good in the short term.
The second one is the way to play this, in my opinion at least. With people panicking out of the stock still, the drop is still fast and there's no point in catching the falling knife. But if we can (hopefully) identify the bottom at some point, the chances of adding to this company with great fundies and long term prospects may turn into a trade to remember. DYODD.
QUITO: Ecuador's indigenous movement called off a protest on Monday that threatened to paralyze the Andean nation after reaching an agreement with the government to open a proces of dialogue concerning an official proposal that will regulate the use of water.
After sporadic roadblocks in strategic places all day, the indigenous leaders decided to suspend the protest amidst discontent from the grassroots bases of the organization that did not support the talks with the government.
Or in other words, the dumbass English language press had you all worked up over nothing.
You really should stop getting your LatAm biznews from people who can't speak the Spanish or Portuguese. In factt he only news worth worrying about out of Ecuador is good, with the first pour of gold at Dynasty's (DMM.to) Zaruma mine showing the progress to responsible mining practices that the government has promoted all along...but we don't wanna talk about good biznews from and AxisOfEvo™ country, do we?
2) Yes, I've read the zerohedge article about gold and the smoking gun, thank you all for sending in the link but no need to send it in any more. Shock horror, gold is manipulated. The only thing new is that zerohedge suddenly cares about gold. That has to be a contrary indicator.
3) Happy birthday to my beautiful, intelligent, wonderful, kind and generally fabulous wife.
Monday, September 28, 2009
From IKN's department of shareholders-if-they-can't-take-a-joke-f***-em, Colossus Minerals is making great strides this morning because some analyst who works at the can of corn that really, REALLY should learn some Portuguese before opening his mouth reco'd the stock to his flock. Here's how Canaccord's Morning Coffee publication broke the shameless BS pum.......SORRY!!, the considered analytical opinion to its flock this morning.
"Given the considerable M&A activity in the mining sector and a growing consensus that the price of gold may still track upwards, it appears investors may have some interesting opportunities. Canaccord Adams Mining Analyst Nicholas Campbell believes that Colossus Minerals is a likely acquisition target and sees the potential for the project to be advanced to production by late-2011 to early-2012."
Truly I say unto you, great grades or not there's more chance of Hugo Chávez having gay sex with Andrés Oppenheimer than any major paying serious multimillions for this asset. Not only are there serious geological issues and a lot of geols scratching their heads and saying "with host rock like that, how the devil are we going to get it out the ground?" but the volatile political risk tinderbox that is Serra Pelada makes Honduras look calm and stable. Canaccord's analysts are just leading their sheep up the garden path...again.
Dumbass analysis on Latin American mining issues never ends, even from those who get paid to analyse LatAm mining. Production late 2011? Gimme a break! I laugh at the lemmings, sneer contemptuously at the uninformed analysts leading them astray and avoid this stock like the plague.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 28, 2009) - The management of Dynasty Metals & Mining Inc. (TSX:DMM - News; "Dynasty" or the "Company") is very pleased to announce the Company has poured its first gold at its recently commissioned gold processing plant at Zaruma in Ecuador. In total, the dory bars poured by the Company contained approximately ten kilograms (320 ounces) of gold and 50 kilograms (1,600 ounces) of silver.
Robert Washer, the Company's President and Chief Executive Officer commented: "This is a significant moment in the Company's history and for the development of a modern mining industry in Ecuador. We would like to thank the government of Ecuador for its ongoing support for the development of the Zaruma Gold Project, which is the first large scale modern mining operation in Ecuador's history."
The Company has now successfully commissioned all sections of the plant. The Company will continue to optimize plant operations by processing material mined during the ongoing development of the declines.
Here's what local experts are saying:
The bolivar will likely extend its rebound in the parallel market in the run-up to the $3 billion offering, said Russell Dallen, head trader at Caracas Capital Markets at BBO Financial Services Inc. The rally may stall after the sale, he said.
“Once the new issue comes to market -- unless the government has some other ongoing plan up their sleeve to shore up the rate -- all bets are off and we would expect to see the bolivar return to its consistent path of devaluation and continued deterioration,” Dallen said.
"It's not fair! Thye're not playing by the rules! The VEF should have been at 10 by now, but don't worry, fee paying clients, we're still right even when we're wrong."
Otto sez: When you own machinery that produces 3.2 million barrels of oil a day, those barrels of oil cost $6 each to produce and you sell 3/4 of them overseas for over $60, you don't follow rules. You make them.
Here's the five year inventory:
Here's the spot price over the same period.
Is the rise in inventories and the reversal of copper prices related?
Is the Pope Catholic?
Do bears tend to defecate in woodland areas?
Here's the 2009 to date numbers compared to the same period of last year...
...and this one shows the August 2008 vs August 2009 single month numbers.
"Despite the figures, ADEPA considers that sales continue to show a moderate recovery in relation to the first few months of this year."I ABSOLUTELY ADORE that phrase "despite the figures". You could re-write that as "despite the truth" or perhaps "despite the plain facts staring at them in the face" because when I went to numbers skool a January-August drop of 20.96% and an August drop of 28.6% would mean that the slowdown in sales is getting worse, not better.
Peru's economic miracle: The miracle is that people believe their bullshit.
Sunday, September 27, 2009
Saturday, September 26, 2009
Friday, September 25, 2009
Here's the five year chart for context.
"We're bound to recover at some point but for the next six to 12 months anything can happen. Demand isn't great and there is excess material out there," said an LME-based trader.
Translation: "WTFDIK? But hey, buy anyway..what could possibly go wrong, suckaz?
Thursday, September 24, 2009
Click the figure below to see the complete problem 359 about cyclic quadrilateral, angle bisector, rhombus.
Complete Problem 359
Level: High School, SAT Prep, College geometry
being used by Honduras police to put down pro-Zelaya
protestors is from Peru's National Police Force
"We can also see in that video the revelation that the tear gas canisters shot by the National Police yesterday were stamped as property of the government of Perú..."Today it's been a subject that's made it to headlines in Peruvian media and questions being asked by respected members of congress in Peru's parliament.
Is Peru helping the illegal government of Micheletti? Is Peru providing vital logistical support to Honduras police and armed forces to help them repress the pro-Zelaya protestors? The evidence is pretty clear on one score; those tear-gas canisters used by Honduras police officers on Wednesday are clearly marked "Policía Nacional Del Perú" (no translation needed, I trust).
Peruvian daily La Primera quotes opposition member of congress Fredy Otárola this way:
It's "very serious" that tear gas canisters carrying the inscription "Policía Nacional Del Perú" are being used by Honduran police because it is evidence that the government of president Alan García is supporting the coupmonger government of Roberto Micheletti."The director of Peru's National Coordinator of Human Rights, Ronald Gamarra:
"...demanded that the minister of the interior, Octavio Salazar, explained how the tear gas got to Honduras."Opposition parliamentarian Yonhy Lescano (ottonote: one of a rare breed of honest politicos in Peru) said that he would ask minister Salazar explain the situation to parliament (ottonote: a formal situation in Peru that is used when a situation is suitably serious) and to ask him to clarify whether Peru's government is supplying the illegal Honduras government.
Even the ruling APRA party is a seat of dissent, with APRA congress member Edgar Nuñez saying
Peru needs to make a clear statement right now. It has taken a weak line of support for Zelaya, but all the same Peru's official position is to support the Oscar Arias plan that reinstates Zelaya to power. It also voted not to recognize the Micheletti coup government with all other UNASUR members. Is Peru sneakily helping Micheletti behind everyone's back? We need to be told."...it is very serious that the police has sent tear gas to Honduras."
UPDATE: A few minutes ago and via press release, Peru's national police force stated that it hadn't sold, donated of given in any way any tear gas canisters to Honduras and it was all some administrative error blamed on a company in Honduras.
"The right to begin legal actions in order the preserve the image of the country and of the police is reserved."
Betcha Larry pronunces Hugo's last name better than that dumbass Oliver Stone.
Borev got the juice.
How dare gold go down...it can only ever go up, remember? :-)
ATW Gold (ATW.v) down a penny at $0.37. I'm still trying to work out whether Ernesto is a biz genius or a naive mineplayer. Maybe both.
ECU Silver (ECU.to) down 5.3% at $0.54. Oh c'mon, laugh along with me, can't yaz? :-)
Ecometals (EC.v) UNCH at $0.425. I'm still chuckling about the 67c trading yesterday. I thus baptise this stock "The New Crystallex".
Vena Resources (VEM.to) up 2.7% at $0.375. Still sub 40c and that's not good. This has been a quiet stock recently, in both newsflow and volume terms. But hey, look at the decent volumes today...you never know, newsflow might just follow. DYODD.
Fortuna Silver (FVI.v) down 4% at $1.43 and the kind of day that's leaves itself open to adding this or entering for a swift trade. Utterly likeable stock that seems to have found a new $1.40 to $1.55 range. How long will that last? No idea, dude.
So I thought we'd have a reader's poll on this one. What do you think I should do with the abusive stuff received? Here are the choices, pick your fave.
- 1) Send them my home address and invite them round so they can meet my dog. Personally the wife should scare them more but somehow visitors always seem nervous of him and his mouth. It must be something to do with his size :-).
- 2) Publish all hatemail received on the blog. Also publish the e-mail addresses as they will then get picked up by the spambots roaming the web and start sending them adverts for penis enlargement kits.
- 3) Ignore them. This option is the boring one but might save the most time.
- 4) Join the German language Wallstreetonline message board and spend all day explaining to the poor saps that read these paid pumpers just how false the "special inside information" really is. The same could be done for the ECU Silver message bullboards, as just one other example (of many).
- Other suggestions?
Lillie over at the excellent Memory in Latin America site is on the case with this post that gives details and plenty of links for further perusal. She also put up another post from which I'm going to sample, just to give you an idea of the things Poch did 30 years ago. Congrats to the Spanish authorities for their sharp work and may Poch rot in jail. Here's the extract from Lillie's post that tells how a death flight worked:
They [the prisoners] were informed that they were going to be transferred to the south and would be given a vaccination for that reason. They were given a vaccination - I mean a dose of something to knock them out, a sedative. It made them drowsy.[...] Then they were put on a truck, a green truck with a canopy. We went to the military airport [...] Then the subversives were carried out like zombies and loaded onto the airplane. (21-22)
In their unconscious state, the prisoners were stripped, and when the commander of the airplane gave the order, which happened according to where the plane was, the hatch was opened and they were thrown out, naked, one by one. That's the story. A gruesome story, but true, and no one can deny it.
Lara Exploration (LRA.v) is taking over Maxy's (MXD.v) in an all share deal. Lara has always been a pretty astute project generation company in the region. Maxy's has Peru and China assets and has never convinced me. Perhaps time to look at its assets again,as if they're good enough for the sharp eyes at LRA they can't be bad.
Fronteer (FRG) and Teck , 40/60 owners of the assets in question, are really close to selling the two Turkish projects they've had up for sale to Alamos Gold (AGI.to). I'll be talking about the financial effect of this deal to FRG in IKN22, out Sunday. Suffice to say here that we like FRg a lot and that view has just been reinforced.
Focus Ventures (FCV.v) has made it out of shell status and gets quoted on the TSXV for the first time this morning. It has cash, it has an interesting asset, it has the RDU.v behind it. No reco here, just DYODD.
Yamiri Gold (YGI.v) is raising capital. This was recently cleaned of its assets and dubious Argentine management team and put into the hands of those slickers at Endeavour Financial (EDV.to)...y'know, Gordon Keep, his short pal and their friends. One that might surprise next year.
Minera Andes (MAI.to): Nearly forgot this one. Those slackers at San José have taken an impromptu vacation again. I'll be on this case in IKN22 as well. Humph.
Sept. 24 (Bloomberg) -- Brazil’s Center South, the world’s biggest sugar-producing region, may make less of the sweetener than previously forecast amid the heaviest rains in more than two decades, grower Maurilio Biagi Filho said.
Industry association Unica will probably cut its sugar forecast for the region today from an April estimate of 31.2 million metric tons this year, Biagi, the world’s second-biggest cane grower, said yesterday by telephone from Ribeirao Preto, Brazil. Unica is set to release a new estimate at 11 a.m. New York time.
Rains in the Center South, which produces more than 80 percent of Brazil’s sugar and ethanol, have hindered harvesting and reduced sugar cane’s level of sucrose, the substance used to make the sweetener and fuel. Sao Paulo, the biggest-producing state, received 180 millimeters (7.1 inches) of rain this month through yesterday, the most since 1983, Biagi said.
“It has been raining cats and dogs here for almost three months in a row,” Biagi said. “Sugar output will definitely be revised down.”
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Wednesday, September 23, 2009
ATAC Resources (ATC.v) up 29.8% at $0.74 on a good step-out drill result from up there in Yukon.
Dia Bras (DIB.v) up 20% at $0.18. We very likey.
Radius Gold (RDU.v) up 2.4% at $0.21 on news that it's optioning out one of its landholdings, an Oaxaca (South Mexico) silver property, to fellow Ridgway stock FVI.v (up 1.3% at $1.55). RDU.v slowly building a good looking book of assets.
Ecometals (EC.v) up 27.5% at $0.51. I can't stop laughing, esp when I think about the idiot who bought t 67c today. Going back under 40c soon. Stocks for children or Las Vegas addicts...or the children of Las Vegas addicts. See below for why.
Crown Point Ventures (CWV.v) up 7.4% at $0.58 and going well on low volumes. Toldya 'bout this one enough times, now 40% up and holding thru for the speculative bigshot.
Gleichen Resources (GRL.v) up 9.8% at $1.23. You go girl!
That cocaine number comes from this report in the WSJ with this as the moneyline...
..that is also making the headlines in Peru today.
No wonder the Sanchez-Paredes family votes APRA, eh?
When you read the headline it looks like Ecometals actually has permission to drill, doesn't it? But read on and you see that:
Ecometals Limited is pleased to announce receipt of the final approval resolution for its Environmental Management Plan and also the renewal of its Environmental Bond. This approval is the last major step ahead of consent to commence our drilling at Rio Zarza. There will now follow, in conjunction with the Ministry of Mines and the local communities within our area of influence, a Community Relations diffusion process to present and explain the project. We understand one of the major mining companies in the area completed this process earlier this month and is now waiting final permit approval from the Ministry of Mines. Since we are both dealing with the same communities, we are hopeful of a successful outcome. A contract has now been negotiated with drill contractors and site preparations and logistics have been finalised.
As a total utter non-sequitur that has nothing to do with anything else in this post, why on earth did this little poker ditty just spring to mind?
UPDATE: SIXTY-SEVEN CENTS A SHARE!!! LMFAO!!!
*Did i write pasty? Oh lordy, a five year old girl knows better than that
- Ira Rennert, billionaire owner of Genco who are in turn the owners of DRP. He's a piece of crap but at least he's a predictable piece of crap; he dosn't care about anything but the money.
- The workforce of DRP. They just want their jobs back.
- The government of Peru that has tried to be play at governance and authority and has been laughed off the stage. The result has been death, mayhem and inertia.
Twobreakfasts&Co has tried to play the strongman card about the environmental regulations that DRP has to comply with by the end of October.
"You must comply with the October 2009 deadline", says Twobreakfasts.
Ira says, "screw you, we want 32 extra months".
This extension comes on the back of a previous extension that he totally ignored, so there's no reason to believe he'll clean up DRP this time, either. So the government decides to "be flexible" (read KY Jelly) and give DRP 20 months to do its cleanup program.
"Screw you", says Ira. "I said 32 months, you bunch of wimps."
So continues the impasse. Meanwhile, Ira rallies his troops on site and tells them to strike again to demand that the government caves in and gives DRP the 32 month extension. This they do (out of fear for losing jobs and desire to get back to earning a salary). The main road is blocked, the police move in and last night yet another police officer dies on the scene when hit by rocks pushed on to their position by the strikers.
Rule of law? Rule of $$$$$. The senseless, toothless, wet blanket government of Peru still has no idea what it's up against. In the Wild West of neoliberal Peru, Ira's money talks and Twobreakfasts' bullshit walks. There is no national pride, because if there was Ira Rennert would have been kicked out of the country and his assets seized months ago. The cowards that run Peru bow and scrape before the altar of investment grade at all costs.