Showing posts with label cresy. Show all posts
Showing posts with label cresy. Show all posts

Friday, November 21, 2008

News roundup

Image dedicated to Jeff in NYC

Read this report on the Venezuela regional elections and note where you find the phrase "sipping a plastic cup of whisky". I actually burst out laughing. Worse than pitiful reporting from....well, look for yourself. These people actually write to me and have the brass neck to say they don't promote a political agenda. Y'see, they treat me as a moron too, not just their readership.

Peru's APEC summit hits full stride today. Today every Peru media is proudly splashing Dubya's words that that Peru is "un país ideal para invertir" (quick Spanish lesson: país = country, invertir = invest...the rest should be clear enough). A better example of damned by faint praise unavailable this year. The soon-to-be ex-POTUS arrives in Lima today (I think). Expect mucho talk and poco action.

You just know things are desperate in the US stock markets and the NASDAQ is scraping the bottom of the barrel when they invite the guys at Cresud (CRESY) to ring the morning bell. November 24th, be there or be square. Tea'n'buns served afterwards, and don't mention Aquiline (AQI.to) to the bossman (or his family, for that matter)...might ruin the atmosphere.

Argentina's Senate easily passed the law that re-nationalizes its pensions system last night. No surprises, as ever since Veep Cobos said he wouldn't stop the Kirchners from charging ahead it was a done deal. I know I'm supposed to care about this story, but I don't. An excuse of a country run by ridiculous people who still think they matter on the world stage.

Ecuador has annulled
77 mining concessions due to the lack of investment made by concession holders.

Thursday, October 9, 2008

Aquiline Resources (AQI.to) News

Elsztain (for it is he)

On the back of its recent and very good looking scoping study (link here) for its Navidad silver project in the Chubut region of Argentina that shows the site is good for a very chunky 15m oz of silver production per year, AQI.to has today announced a round of funding. The idea is to sell four million shares at $2.50 a pop, each with a whole warrant attached. This will bring the fully diluted number at AQI.to up to 79.1m (I think).

At least one person who reads this blog every day will be very interested to know that a single investor by the name of Ernesto Elsztain is picking up 2m of those shares, and along with the attached warrants is putting himself in line to own 5% of the company. For those who don't know the dude, Elsztain is the guy behind the perennially underperforming stocks Irsa (IRS) and Cresud (CRESY), two stocks so badly run that even George Soros noticed he was being diluted to merry hell after a while and broke off his business with them.

I wish AQI.to luck with its new minority partner; it's going to need it.