Problem 444: Tangent circles, Secant line, Chords, Angles, Congruence

Geometry Problem
Click the figure below to see the complete problem 444 about Internally Tangent circles, Secant line, Chords, Angles, Congruence.


See also:
Complete Problem 444

Level: High School, SAT Prep, College geometry

Bad news for Louis James of Casey

I see on checking prices tonight that the James dumbass still hasn't got his fill on that ridiculous $2.00 stink bid on Fortuna Silver (FVI.to):

Meanwhile, those that understand the stock better got within $260,000 of its $5.3m record quarterly earnings (your author forecast $5.04m, it turned out to be $5.3m). It's the difference between a no brain buy call and a call to buy using no brains.

Problem 443: Intersecting Circles, Common Chord, Secant line, Tangent line, Angles

Geometry Problem
Click the figure below to see the complete problem 443 about Overlapping, Intersecting Circles, Common Chord, Secant line, Tangent line, Angles.


See also:
Complete Problem 443

Level: High School, SAT Prep, College geometry

The Friday OT: Rolling Stones; Gimme Shelter

For Kevin: Thanks for everything, dude.



From the 'Bridges to Babylon' tour.

Problem 442: Triangle, Median, Cevian, Transversal, Congruent Angles

Geometry Problem
Click the figure below to see the complete problem 442 about Triangle, Median, Cevian, Transversal, Congruent Angles.


See also:
Complete Problem 442

Level: High School, SAT Prep, College geometry

Presentation:
http://www.scribd.com/doc/33305812/Pierre-Mousset-Jones-Software-Education-in-Mining-Engineering

Similar discussion in LinkedIn

Software survey

Davood Bahrami, PhD
Research Assistant Professor

Mining Engineering Department
Mackay School Of Earth Sciences and Engineering
University of Nevada, Reno,  

1664 N. Virginia St., MS 173

Reno, NV 89557-0173
e-mail: dbahrami@unr.edu
Phone:  (775) 784-4210
Fax:    (775) 784-1833

Dear Colleague:

We would like to ask for your help filling out the online short questionnaire.  The department is evaluating how much time should be spent in the mining engineering degree program on teaching mining related computer software.  Some of the problems being considered are, i) the growing amount of software which is used in mines, ii) the time spent teaching software to students is time not spent teaching the fundamentals of mine design etc., iii) the need for students to understand the theory behind the software and its limitations, and iv) the learning time needed by students to be able to use the software effectively in class projects.

The information you provide by completing this questionnaire will be compiled and summarized, and the results will be distributed to all who participated in the survey. In addition, at the next Society of Mining Professors meeting, in June, this topic is on the agenda and this information will be useful data for the discussion. We certainly appreciate any time you can provide to complete this questionnaire. If you have any comments relating to the topic which the questionnaire does not cover, please include them in your response. 

 To take the survey please click or go to the link: http://www.surveymonkey.com/s/7D2SWZR

In your response please type the name of the software that is taught as part of a course, a short course, or by itself. Please use the form for one software item. You may forward the link to this form to each faculty who is responsible for teaching or using software, in order to speed up the collection of responses if it is deemed necessary. Click on "Next" button at the bottom of this page to go to next page for further instruction on adding more responses and sending your survey.  On this last page Click on "Done/Send" button at the bottom of this page to send the survey. This will send the survey and also take you back to start of a blank survey page to make another response for additional software.  You may repeat or recycle the form by using your browser's "Back" button to go back to the survey page and modify the form. Using the latter option, your information is restored in the survey page for you to modify. Every time you are done with the form for one software, simply click on the "Done/Send".  Thank you for your participation.

Best Regards,

Davood Bahrami, Ph.D.

Research Assistant Professor

Danny L. Taylor, P.E., Ph.D.

Chair and Professor of Mining Engineering

Pierre Mousset-Jones, Ph.D.

Professor of Mining Engineering

Other polls and questionnaires

What mining software do you mainly use?

I am SOMP member - http://www.mineprofs.org/

Have You asked potential young member to join SOMP? http://www.mineprofs.org/
Mine planning software

Problem 441: Quadrilateral, Triangle, Area, Proportion, Measurement, Similarity

Geometry Problem
Click the figure below to see the complete problem 441 about Quadrilateral, Triangle, Area, Proportion, Measurement, Similarity.


See also:
Complete Problem 441

Level: High School, SAT Prep, College geometry

Word Cloud of Steve Jobs: Thoughts on Adobe Flash

Apple Inc. has published on its Web site a memo signed "Steve Jobs" that details why Apple will not support Flash on its iPhone and itouch mobile devices.
Click the figure below to see the Word Cloud of Thoughts on Adobe Flash.



Read more at:
Word Cloud of Steve Jobs: Thoughts on Adobe Flash

Problem 440: Triangle, Incircle, Incenter, Angle Bisector, Tangency Points, Circle, Angles

Proposed Problem
Click the figure below to see the complete problem 440 about Triangle, Incircle, Incenter, Angle Bisector, Tangency Points, Circle, Angles.


See also:
Complete Problem 440

Level: High School, SAT Prep, College geometry

still on the road

a quick post from a borrowed computer and a slooow interwebnetpipes connection from the middle of nowhere, LatAm. Just to say that this blog is unlikely to get a further update before Friday evening. Normal service will be resumed as soon as etc etc blah blah.

have a nice week and don't sweat the small stuff, dudes.

Marion Walter's Theorem Index

Marion Walter's Theorem, Triangle, Trisection of Sides, Hexagon, Areas, and Related Topics

Click the figure below to see the index.



Read more at:
Marion Walter's Theorem Index

Van Hiele Model Index

In mathematics education, the Van Hiele model is a theory that describes how students learn geometry.

Click the figure below to see the index.



Read more at:
Van Hiele Model Index

Van Hiele Model Word Cloud

Weighted list in visual design.
Click the figure below to see the most popular words in Van Hiele Model.



Read more at:
Van Hiele Model Word Cloud

Willem de Kooning - Index

United States painter (born in the Netherlands) who was a leading American exponent of abstract expressionism (1904-1997).
Click the figure below to see the index.


Continue reading at:
"Willem de Kooning - Index

On The Road

Sadly but truly, your author has places to greet, people to meet, things to eat and blisters to treat in the next three and a half days. Posting will be light until Friday, but efforts will be made to add a word or two during the trippin'. Catch you later, dudettes and dudes.

Message to Anthona Curic of Versant Partners

You're going to look really really stupid once people realize just how one-dimensional your pisspoor analysis of Fortuna Silver is. Brian Quast of CIBC whups your ass, muchacho.

Go get a job you can do and stop pretending to know about miners, dumbass.

A reader's comment on Mockus

That impressive chart again

Normally, anonymous comments don't make it through here. But this one, just left by a certain Colombian national on the Chart of the Day post below, is worth reading methinks. So here it is:

As a Colombian, I feel elated to see this. This Mockus effect is due in part by the public repudiation of the wrongdoings of the incumbent:
-Mr. Uribe, trying to take active part in the presidential campaign, openly promoting Santos and disqualifying the other candidates.
-The growing outrage about the 'chuzadas' (phone tapping and espionage to selected members of the opposition and the supreme court).
-Santos ultimate responsibility in the case of 'falsos positivos' (extra-judicial killings of civilians to make them appear as guerrilla casualties).
-The failure of 'justicia y paz' process with the paramilitaries, where the victims are unlikely to get proper closure -justice and economic repair.
Let's hope this momentum carries through until the election day.

Let Colombians decide who is their next President. We outside the country can have opinions, but nobody else has the right to decide for them.

Copper

Here's an interesting copper inventory chart from Reuters yesterday:

Interesting how inventory has shifted out of LME warehouses and over to Shanghai bonded ones, innit?

And here's an up-to-date price chart, daily candles:

All we need to do now is to work out what the hell they mean. I look at the price chart and see "holding pattern", not much up or downside. Anyone with a better idea?

Chart of the day is...

...Colombia's presidential election, latest opinion poll out today.


Mockus leads! Here's the source link.

"Woman III" (1953) by Willem de Kooning, Kaleidoscope

Kooning was a leading American exponent of abstract expressionism (1904-1997).
Click the figure below to see the interactive illustration.


Continue reading at:
"Woman III" (1953) by Willem de Kooning, Kaleidoscope

Woman III, Willem de Kooning, 1953 and the Golden Rectangle

Woman III is a painting by abstract expressionist painter Willem de Kooning (1904 - 1997). In November 2006, the painting was sold by David Geffen to billionaire Steven A. Cohen for $137.5 million, making it the second most expensive painting ever sold.
Click the figure below to see the illustration.


Continue reading at:
Woman III, Willem de Kooning, 1953 and the Golden Rectangle

"Attic" by Willem de Kooning, Kaleidoscope

Kooning was a leading American exponent of abstract expressionism (1904-1997).
Click the figure below to see the interactive illustration.


Continue reading at:
"Attic" (1949) by Willem de Kooning, Kaleidoscope

Black country gossip

Hey, did you know that Ridgway bought 100,000 shares of FCV.v last Thursday? It's not on Canadian Insider yet, but if you click on this link Tuesday (i.e. tomorrow) you'll see it filed.

The latest from the liars at Ecometals (EC.v)

Hey, remember back on April 8th when Ecometals (EC.v) wrote this in relation to the delayed, delayed and delayed again sale of the Condor property in Ecuador?

"Ecometals Limited ("Ecometals") has agreed to a further extension to the closing of the SPA with Alca Gold Limited ("Alca") and its financial backers for their acquisition of Ecometals' shares in Condormining Corporation S.A. and Condorview S.A. for US$9,000,000 to be satisfied in cash. Both parties have agreed their intention to extend the closing with cash payment on 23rd April, failing which Ecometals will terminate the Agreement."

Well, guess what? They've just come out and proven themselves liars by adding yet another 60 day period on this ridiculous charade. Extracted from here:

"The closing payment was not made on 23 April 2010. However, Alca has requested a further extension supported by a proposal to make an immediate US$1,000,000 payment into an account with an escrow agent as a sign of their commitment to closing the transaction within 60 days. A non refundable payment of US$100,000 will then be transferred from the escrow account to Ecometals Limited and a further non refundable transfer of US$100,000 after 30 days. Both payments will be offset against the final purchase price if the closing transaction is completed. If the transaction is not completed, then the balance of the US$1 million will be returned to Alca."

But oh yes, these liars are gonna make you all rich, right? The ex-CEO of EC.v Slaughter tries and fails four times to raise the cash to buy a property from the current EC.v....and then asks for yet more time....and EC.v directly contradicts previous statements and gives him more time.....and you'll still believe them, won't you? Please leave by the door marked "Suckaz".

An interesting afternoon over at Fortuna Silver (FVI.to)

The Fortuna Silver (FVI.to) pre-feas study came out this afternoon (link here). Take a look at the intraday chart and take a wild guess as to the exact time of publication:

today is "intraday chart day", it seems

Message to subscribers: We'll be taking a careful look at the contents of the PFS news release in an update that will plop into your inbox later tonight. Right now I'm off for a siesta.

Trading Post (a river in Egypt edition)

Ventana Gold (VEN.to) down 1.5% at $9.47 and once again the morphine of denial makes everything all right for longs. After trading down to the low $8s this morning, VEN released a PR saying "nothing to do with us" and the stock actually traded up on the day for a moment, thanks to the soothing words of CEO Orr. Never mind that the unpredicable local government might find some-or-other reason to slap VEN down in the same way that it surprised the merry hell out of GSL this morning (well, according to the GSL official response they were surprised, but let's leave that one alone for the moment), because all you need to do with a bunch of lapdog longs (or in CompanySpeak "loyal and valued shareholders") is say "sshhh, relax, it's all going to be fine" and things calm down immediately. These fools still think Colombia is like a southern version of British Columbia.

Sierra Minerals (SIM.to) up 7.6% at $0.36. One we haven't checked in on for a while, SIM has made a bit of ground recently. Still not making much in the way of profits so far but always there with a "it's gonna be great soon, just you watch". So I watch. but I don't own.

Focus Ventures (FCV.v) up 2.1% at $0.48 after trading as low as 40c last week on the capitulation rush for the door. Still life in this stock, it seems.

Greystar Resources (GSL.to) down 41.9% at $3.78. The intrday chart for GSL is interesting, as it shows some pretty classic market pyschology.

• first we have "oh my god we're all gonna die!!!" at the opening bell.
• then we have "it can't be that bad!" and the stock gets bought up on the dead cat bounce.
• now we have the inevitable "oh crap, it really is that bad" selloff. By the way, residual value on GSL is around $1.50 a share. I think you'll need to remember that number going forward if you feel like trading this stock.

Denial is not just a river in Egypt.

Chart riddle

Gary over at BiiWii sent out an update to his subscribers this morning (I'm fortunate enough to be on his NFTRH list, the dude runs a most excellent service) and one of the charts featured was this one.

Pretty bullish looking, methinks. What you thinks? By the way, the only difference between the above and the one Gary sent is that Gary's had the name of the company and the prices clearly featured. Meanwhile, IKN subbers will know the company as the last one featured in 'Market Watching' yesterday. DYODD, dude.

Mo' Greystar (GSL.to)

GSL.to five day chart: Is there a problem, officer?

The whole Greystar (GSL.to) news release is right below on the next post, but I think this little passage from the DJNW wire report (sorry no link yet, this is off the wires) really sums up just how deep in the doo-doo Greystar is:

"Greystar said the ministry wants the new Angostura EIA to adjust the occupied area to an elevation below 3,200 meters. As currently designed, almost all of Angostura's facilities and infrastructure are at a higher elevation, Greystar said, and half of the proposed open pit is above 3,200 meters.

"It said the request would require the Angostura project to be completely redesigned, "including identifying and acquiring new land positions to house displaced facilities and initiate new environmental base line studies." Greystar said it hasn't had the opportunity to determine the feasibility of redesigning the project, but that the requirement "will severely impact the project schedule and may have a material effect on its economic viability."

It's like the Colombian government suddenly says, "Hey dudes, you know all that stuff you got above 3,200masl?...Y'know, the stuff we said would be ok to put there and the great big fat hole you were planning to dig there? Yeah, well....it's like....errrr.... we've changed our minds. You can't do that."

So what stunt are these government suits going to pull next, eh? People investing in Ventana Gold (VEN.to) and Galway Resources (GWY.v) just next door have obviously thought that question through this morning already:

How they laughed at my constant "avoid Colombia" calls. How they chorlted when I told them Colombian political risk was being wildly underestimated by the junior mining community. How they guffawed when I pointed out that investing in a country without a tradition of formal, large-scale modern mining is a risky business. How you feeling now, newsletter-writing dumbasses? Where's Frank "Colombia Risk Free" Holmes and Thom "I know Colombia" Cassandra when you need them, eh? Do me a favour you two (and all the other ignorant country pumpers) and...

Mining PRs and the Ottotrans™, Part 17

Today's example is from Greystar Resources (GSL.to). No big lead-in on this one, let's get to the point:

This is what they wrote:

Greystar Resources Ltd. (the "Company") (TSX:GSL - News; AIM:GSL) announced that the Ministry of the Environment, Housing and Territorial Development (MAVDT) has requested a new Environmental Impact Assessment (EIA) to be filed in respect to the development of an open pit gold-silver mine at the Company's Angostura project in Colombia. MAVDT has requested that the new EIA conform to new regulation Law 1382 of 2010 (Modified Mining Code) which requires that mining and exploration activity must be excluded from the "Paramo" ecosystem.

Paramo is an ecosystem that consists of mostly glacier formed valleys and plains with lakes, peat bogs and, wet and dry grasslands intermingled with shrub lands and forest patches. The definition to determine the area of Paramo is that established by the Alexander Von Humboldt Biological Resources Research Institute (www.humboldt.org) in Colombia. While the definition of Paramo is determined by fauna, flora and other ecological categories, it is also defined by elevation.

MAVDT has requested that the new Angostura EIA adjust the occupied area to an elevation below 3,200 metres. As currently designed, almost all the project facilities and infrastructure are at a higher elevation than 3,200 metres. In addition, half of the proposed open pit resides above 3200 metres. MAVDT's request would require the Angostura project to be completely redesigned: including, identifying and acquiring new land positions to house displaced facilities and initiate new environmental base line studies. At this juncture, the Company has not had the opportunity to determine the feasibility of redesigning the Angostura project to comply with MAVDT's request. However this requirement will severely impact the project schedule and may have a material effect on its economic viability.

The original Angostura EIA was filed with MAVDT on Dec 22, 2009 before the modification of the Mining Code on February 9, 2010. At the time of the filing, Greystar was led to believe that the Modified Mining Code would not apply to the Angostura project. The request by MAVDT for a redesign of the project and a new EIA was not expected or anticipated by the Company.

Greystar has begun the process of filing an appeal of the notification from MADVT. MADVT must respond to the appeal within fifteen (15) working days.

Greystar has worked diligently and to the highest environmental standards for more than 15 years to develop the Angostura project. The International Finance Corporation (IFC) is the Company's largest shareholder. To date, the Company has spent approximately CDN $135 million and the Company employs 350 people.

A Preliminary Feasibility Study (PFS) was completed describing all the areas of mining activity as well as the efforts made to minimize environmental impacts particularly in the Paramos. The PFS envisions a project with US$1 billion in capital expenditures and US$3 billion in operating expenditures over the life of the project. The project will employ 1,500 people during construction and 850 people during its 15 year mine life. The PFS was used to develop the EIA according to the terms of reference issued by the MAVDT.

Greystar is in the midst of completing a Definitive Feasibility Study (DFS) on the Angostura project that is expected to be published in the second half of 2010. In addition the Company has begun the process of securing US$650 million in project finance from international sources.

Greystar is committed to developing the Angostura project using best industry practices in social and environmental stewardship. Through its association with the IFC, the company has brought objective guidance to this commitment. Greystar will continue to work with the Colombian Government to demonstrate that the Angostura project can deliver exceptional economic returns for all Colombians while allowing the Paramos ecosystem to flourish.

Greystar will host a telephone conference call for investors and analysts on Monday, April 26th, at 8:00 a.m. PDT (11:00 a.m. EDT) to discuss the request by the Colombian Government for a new Angostura environmental impact assessment. Steve Kesler, Director, Fred Felder, Executive Vice President and Geoff Chater, Vice President Corporate Development of Greystar will take questions. The conference call may be accessed by dialing toll-free 1-866-223-7781 in Canada and the United States, or 1-416-641-6117 in the Toronto area and internationally. The conference call will be archived for later playback and may be accessed by dialing 1-416-695-5275 or 1-800-408-3053 and entering the pass code 7108410. The archived playback will be available until May 10, 2010 at 11:59 p.m. EDT.

About Greystar Resources Ltd.

And this is what it means:

OH SHIT, WE'RE SCREWED

disclosure: no position in GSL.to (you think i'm nutso or something?)

Fortuna Silver (FVI.to): How do you write a roll-on-drums SFX in letters?

Probably something like "BRRRRRRRRRMMMMMMM!!!"

Anyway, it's 8:04am and while the drums are still rolling, let's check on the 12 month chart for FVI, because......

...if you look very very closely, you may be able to spot a trend.

Charts of the day are....

...copper and oil, monthly charts.

There's a single big difference between the charts and it's marked up there. As for similarities, there are many (ok, one has been a 200% winner and the other a 300% winner...split hairs if you like). However it occurs to me that the biggest thing copper and oil have in common is that even though they are two commodities in great demand, the world tries to deny its addiction to them both.

Your 12-point plan starts with "do not worry if copper drops back to $3/lb".

Problem 439: Isosceles triangle, Cevian, Incenter, Angles, Circle

Proposed Problem
Click the figure below to see the complete problem 439 about Isosceles triangle, Cevian, Incenter, Angles, Circle.


See also:
Complete Problem 439

Level: High School, SAT Prep, College geometry

Problem 438: Tangent Circles, Diameter, Chord, Perpendicular, Congruence, Parallel lines

Proposed Problem
Click the figure below to see the complete problem 438 about Tangent Circles, Diameter, Chord, Perpendicular, Congruence, Measurement, Parallel lines.


See also:
Complete Problem 438

Level: High School, SAT Prep, College geometry

Peru's metals production in the first quarter of 2010 sucked

Here are the charts for Peru's five major metals exports:

Yup, 2010 royally sucks so far, dudes. Just the YoY drop in copper alone is U$97m in lost revenues (assuming an average of U$7,000/MT for the stuff).

The thing about economic growth is that it doesn't come along automatically. Despite what Peru's mining industry obviously believes, you tend to need to produce more over a certain time period if you want to grow.

Santos vs Mockus

Of all the charts featured in IKN51, I think this one is my favourite.


Meanwhile, for those of you versed in the tongue of Cervantes, this link is a good report on how the Colombian election is shaping up.

The IKN Weekly, out now

IKN51 has just gone out to subscribers. It has words in it.

Problem 437: Tangent Circles, Diameter, Chord, Perpendicular, Congruence

Proposed Problem
Click the figure below to see the complete problem 437 about Tangent Circles, Diameter, Chord, Perpendicular, Congruence, Measurement.


See also:
Complete Problem 437

Level: High School, SAT Prep, College geometry

Good news and bad news from Aguascalientes, Mexico

Here's the good news:



Here's the bad news.

Olympic Dam Mine Expansion, Video, Map and News

Olympic Dam hosts an underground mine as well as an integrated metallurgical processing plant. It is the fourth largest copper deposit and the largest known single deposit of uranium in the world, though uranium represents only a minority of the mine's total revenue.

Click the figure below to view the video, map, and news.


See more:
Olympic Dam Mine Expansion

Tau Tona Gold Mine, Video, Map, and News

Tau Tona is currently home to the world's deepest mining operations.

Click the figure below to view the video, map, and news.


See more:
Tau Tona (Great Lion) Gold Mine

A room with a view (part 2)

After the 'Room with a View' post of a few days ago, many kind readers have cared enough to send in shots of the views they have from their shacks and mansions. After humming and hahing over what to do with all the deliveries, the decision is to run one per week on Saturday (the best day for OT stuff). Lots of great shots available, but let's kick off with this photo sent in by DG of San Bruno Mountain, San Francisco, CA, USA.

Thanks DG.

Post of the week

This week, 'Post of the Week' goes to Setty's Notebook, but more for the overall output in the public blog's first week of existence than any one specific post. Setty shows balance when talking about Venezuela, something that is sadly rare. Two examples:

This one, where the PDVSA press conference and supporting literature is examined and the obvious gov't pumping laid bare.

This one, where idiot anti-Chávez propaganda is made to look what it is: Stupid.

Put setty on your reading list.

Problem 436: Tangent Circles, Diameter, Chord, Perpendicular, Congruence, Measurement.

Proposed Problem
Click the figure below to see the complete problem 436 about Tangent Circles, Diameter, Chord, Perpendicular, Congruence, Measurement.


See also:
Complete Problem 436

Level: High School, SAT Prep, College geometry

The Friday OT: Bob Marley and the Wailers; Buffalo Soldier

Taught me how to off it.

Played on the radio in the taxi of this afternoon. The driver laughed at me singing it at the top of my voice.

Exploding into ten million pieces the hand that doesn't feed you

This pasted with no further comment, apart from saying that Grupo Mexico executives are just as big a set of dickheads as the unions. A very sad story all round.

Hundreds of striking miners at Mexico’s Cananea copper mine said they will destroy the site if the government tries to dislodge them.

The union representing the striking miners, who seized Mexico's Cananea copper mine three years back, said explosives have been set to destroy the facility if they are evicted from the site.

The threat comes after Mexico’s Supreme Court upheld an earlier court ruling allowing mine owner Grupo Mexico to terminate the contracts of the strikers and hire new workers.

The miners first walked off the job at the Cananea copper mine three years ago over concerns about continues here

Camino Minerals (COR.v): One of yesterday's Flash updates

Another example of what goes on over at the paid subscription service (yes, it's a promo). Yesterday subscribers were sent two Flash updates (which is not normal, because the normal rhythm is maybe one per week). One of those was on a company we've followed on an ongoing basis for quite some time so the content is for subbers only. But the other one was a rare one that suggested a short-term trade in Camino Minerals (COR.v). Below is a paste of the missive in its entirety, though it's worthy to note that;

1) The IKN Weekly is normally not a short-term tipping service. We usually take a 12 month view to stock selections unless specified and as such, the Flash of yesterday was very much an exception rather than a rule.

2) I have just sold the small chunk personally bought after the Flash update went out yesterday. When nice Mr. Market offers me a 30% win in under 24 hours, I take it. Therefore though I can't speak for subscribers I can say that I'm not trying to pump this play any further via this post for the sake of my personal portfolio.

3) Toby Shute rules.

So with those two in mind, here's what was sent to clients yesterday (with typos included). For what it's worth, plenty subbers got on at the low prices according to feedback received.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Thursday, 22 April, 2010 11:47

Good morning, 11:47am and well into the trading day.

Camino Minerals (COR.v) may be offering us a quick, short-term trading opportunity today. However it must be stressed that this trade should be considered for risk-tolerant profiles only.

The background is this: COR.v (website here) is the spin-out from the recent successful buyout of Canplats by Goldcorp (GG). As part of the buyout deal, Canplats shareholders got shares in the newco company that is now known as Camino Minerals (COR.v), which has bundled together the assets not sold to GG and also has $10m in working cap to start it off, too. Its total shares out figure is 64,265,432.

Today is the first day of trading for COR.v and it has opened nearly 50% down from its nominal price of 49c. It is currently trading at 26c (bid 25c, ask 26c). Volume is very high at over 11m shares traded.

It seems to me (and also the thought of the person mentioned below who gave me the headsup this morning) that COR.v shares are trading down at high volumes possibly due to forced liquidations. There are many institutions that might have held the old Canplays (CPQ when it existed) but are not allowed to hold micro-cap penny stocks such as COR.v, therefore due to the nature of their funds they are obliged to liquidate.

This is the opportunity envisaged. At the current 26c, COR.v has a market cap of $16.7m. This is backed up by $10m in cash at bank. It also has a book of prospective assets. Finally, it's run by proven winners in the exploration game.

This seems like good odds to me, a good risk/reward scenario for this trappy game of exploration mining investment.

WARNING: Wwe're considering a very short term flip play here. Therefore the main caveat is that although 26c (mkt cap $16.7m) may look cheap today, the nature of selling patterns may make the stock even cheaper tomorrow. That's the main risk here.

The IKN Weekly in this style gives you a headsup on this risky, short term play. Be clear that this kind of trade is not for everyone. Go in with your eyes open.

Disclosure: I am not long yet but may take a position this afternoon. I will happily sell if a quick short-term profit is offered.


Final word. Toby Shute, an analyst over at The Motley Fool (RSS link here) is a site friend and smart at the investing game (well worth your while following him..esp strong at oil&gas companies). He gave me the headsup on the COR.v trading today and after consideration I think it's worth passing all the above on to the subscriber base. I want to make it clear that your author takes full responsibility for the call (i.e. if it goes wrong blame me and not Toby).


Best, O

Weekend movie recommendation

This week your humble scribe and his fave squeeze sat down one evening after putting the kids to bed and watched "El Secreto De Sus Ojos", the English title being "The Secret In Their Eyes", the Argentine movie than won the Best Foreign Film Oscar this year.

It was brilliant. Story, actors, rhythm, argument, everything. I'm not going to go into a grand critique of the movie here, cos you can find all those online in other places. The only thing to say is that if you're looking for some top-class entertainment from the seventh art this weekend, you will not go wrong in renting/buying/seeing this movie. Highly recommended.

Scotia upgrades Troy Resources (TRY.to) (TRY.ax)

"When you make the finding yourself, even if you're the
last person on Earth to see the light, you never forget it."
Carl Sagan

For those with longer memories, we at IKN chortled hard at Scotia Capital and Trevor Turnbull when he downgraded Troy Resources (TRY.to) (TRY.ax) last year, at the exact same time that the stock started its big run from the very low $1s to the high $2s. However, fair dinkum to the dude for two reasons:

1) He took his dosage like a man (far better than the normal whining from the analyst community, it must be said).

2) Today he's re-rated Troy Resources again, upgrading and raising his target to CAD$2.50 (as reported on the DJNW wires, no link sorry)

We like Trevor Turnbull. And we very like Troy Resources. DYODD, dude.