Regarding porcine make-up sessions

My thanks to reader 'DM' for the headsup.

Yesterday morning we noted the drilling results and wondered out loud just how Peter 'Holier-Than-Thou' Grandich would lipstick this pig of a NR to his flock of devotees. Well we didn't have to wait long, it seems. Here's the charlatan's call on EVG's news:

"...management has a better understanding of what they may be dealing with at both projects. I also would pay attention to the notation made about Rattlesnake that said:

“…Coupled with the distribution and intensity of potassic alteration and the nearby mineralized porphyry dikes in RSC-027, the mineralization at the bottom of RSC-006 is interpreted as potentially peripheral to a mineralized porphyry…”

Yeah, that feeder system just waiting to be drilled out Petey....

Of course, this rosy picture of a company with 140m shares out (which has exploded from 81m as at March 2009), around 18c to 20c of cash to back that up, a eyepopping burn rate and properties that ain't worth the cactus on top of them is not at all affected by Grandich's 1.1m shares held in EVG that he disclosed this spring, bought around the buck mark. Oh no, not at all.

Results that only a geologist could love

The EVG five day chart...oh look, it sold off yesterday! You mean
the news might have been leaked? Oh shockah!

Here's a link to the latest drill numbers from Evolving Gold (EVG.v), the junior that uses paid shiller Holier-Than-Thou Grandich to throw sequins in the eyes of the retail sheep. But fair is fair, so let's give the company chance to comment first:

Quinton Hennigh, President and Chief Geologist comments, "The consistent presence of gold in our drill holes at Carlin is extremely encouraging. We interpret the widespread and thick zones of gold, regardless of the grade of the intersections, as demonstrating the presence of a large scale gold system. The high grades associated with the altered igneous dike are particularly encouraging, as they suggest the potential for a major deep-seated structure, a possible feeder zone."

Yeah, right. First up, if I had a dollar for every time I'd been romanced with "possible feeder system" by a junior explorer I wouldn't leave the beach. Second up the gold they found was indeed thick, covering a 171.8m zone, but the average grade comes in at 0.31g/t. That kind of grade would be marginal for an open pit heapleacher but we're talking about rock that was intersected at 1135m on the drillcore, i.e. it's over a kilometre under the ground! What about the strip rate on that suckah? :-)

These guys have had a decent shot at drilling for a high grade gold resource on the Carlin trend, but they've come up short, end of story. And these 1300 metre drillholes don't come cheap you know. How you gonna lipstick this pig, Peter?

Suspicious actions by Agoracom

In the light of the OSC action against online pumper's paradise and illegally acting bullboard host Agoracom, some strange things are happening over at that site

• Top example concerns Evolving Gold (EVG.v), a company that paid the grandaddy bullshit pumper Peter Grandich thousands of dollars per month to pump, pump and pump again its message while Grandich was at Agoracom. Now that the Grandichrat has left the sinking ship, by some sheer coincidence Agoracom has wiped its Evolving Gold discussion board clean off the map. Go there now and all you get is an innocent "oh, we don't have a hub for this stock" message, where before it was the pump central for Grandich's shiller activities. Can you smell fish? Yeah, me too.
  

• But Evolving Gold is not the only example. Firestone Ventures (FV.v) was a paying client of Agoracom until recently. It too had a hub at the site. Now it too has all its records wiped clean and Agoracom claiming that it doesn't cover the stock.

• This is also true for ATW Gold (ATW.v), the notorious pump-job promoted by Peter Grandich at the top of his voice in 2008 and 2009 (cos they paid the charlatan), only to be found out last year as a front bullshit liars, mining ineptitude and inside trading activity nothing short of criminal. It too has had its hub disappeared by Agoracom.

Those are just three this author found on a quick flyover of this scammy bullboard operator. If you know of any more, feel free to send over a headsup.


UPDATE: Longtime sparring partner and 100% good egg sez_me_man chimes in with another (in comments section below and re-pasted here):

Hey Otto,

Grandich erased history on Geologix as well. (GIX.TO).

Not all history disappears, however. From "top pick" to not a word.

Keep up the fine investigative reporting.

M.

An eye on the insiders

Three inside trades that caught the eye of this humble scribe while perusing CadInsider this morning.

First up Evolving Gold (EVG.v), the company with good (though at depth) drill results coming from its USA project. Sadly, it's also pumped by über-BSmerchant Peter Grandich, which is enough reason in itself to avoid this stock forever, good rock or not. And lo and behold! we got insiders bailing right now, too:

Evolving Gold Corp. (EVG)						As of March 25th, 2010
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Mar 25/10	Mar 19/10	Bick, Robert	Direct Ownership	Common Shares	10 - Disposition in the public market	-48,500	$0.960
Mar 25/10	Mar 18/10	Bick, Robert	Direct Ownership	Common Shares	10 - Disposition in the public market	-42,500	$0.970
Mar 25/10	Mar 18/10	Bick, Robert	Direct Ownership	Common Shares	10 - Disposition in the public market	-7,500	$0.980
Mar 25/10	Mar 17/10	Bick, Robert	Direct Ownership	Common Shares	10 - Disposition in the public market	-2,000	$0.980
Mar 25/10	Mar 17/10	Bick, Robert	Direct Ownership	Common Shares	10 - Disposition in the public market	-5,000	$0.960
Mar 25/10	Mar 17/10	Bick, Robert	Direct Ownership	Common Shares	10 - Disposition in the public market	-6,000	$0.980
Mar 25/10	Mar 16/10	Bick, Robert	Direct Ownership	Common Shares	10 - Disposition in the public market	-18,000	$0.980
Mar 25/10	Mar 16/10	Bick, Robert	Direct Ownership	Common Shares	51 - Exercise of options	129,500	$0.230
Mar 25/10	Mar 16/10	Bick, Robert	Direct Ownership	Options	51 - Exercise of options	-129,500	$0.230

All at the same time that Grandich pumps this stock to his sheep. Whatever can it mean?

Next we check out Baja Mining (BAJ.to) which is also flashing a "management think it's a good place to lighten" signal via this filed trade:

Baja Mining Corp. (BAJ)						As of March 25th, 2010
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Mar 25/10	Mar 24/10	Glanville, Ross Owen	Direct Ownership	Common Shares	10 - Disposition in the public market	-120,000	$0.750
Mar 25/10	Mar 24/10	Glanville, Ross Owen	Direct Ownership	Common Shares	51 - Exercise of options	210,000	$0.350
Mar 25/10	Mar 24/10	Glanville, Ross Owen	Direct Ownership	Options	51 - Exercise of options	-210,000	$0.350

Finally, we have a bit of positive flipside: Apoquindo Minerals' (AQM.v) have a management team that are putting money where their mouths are. This is healthy:

Apoquindo Minerals Inc. (AQM)						As of March 25th, 2010
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Mar 25/10	Mar 17/10	Lopez, Cesar	Direct Ownership	Warrants	11 - Acquisition carried out privately	100,000	$1.000
Mar 25/10	Mar 17/10	Lopez, Cesar	Direct Ownership	Common Shares	11 - Acquisition carried out privately	200,000	$0.850
Mar 25/10	Mar 17/10	Villarzu Rodhe, Juan Rodolfo	Indirect Ownership	Warrants	11 - Acquisition carried out privately	59,941	$1.000
Mar 25/10	Jan 07/08	Villarzu Rodhe, Juan Rodolfo	Indirect Ownership	Warrants	00 - Opening Balance-Initial SEDI Report
Mar 25/10	Mar 17/10	Villarzu Rodhe, Juan Rodolfo	Indirect Ownership	Warrants	11 - Acquisition carried out privately	59,941	$1.000
Mar 25/10	Jan 07/08	Villarzu Rodhe, Juan Rodolfo	Indirect Ownership	Warrants	00 - Opening Balance-Initial SEDI Report
Mar 25/10	Mar 17/10	Villarzu Rodhe, Juan Rodolfo	Indirect Ownership	Common Shares	11 - Acquisition carried out privately	119,882	$0.850
Mar 25/10	Jan 07/08	Villarzu Rodhe, Juan Rodolfo	Indirect Ownership	Common Shares	00 - Opening Balance-Initial SEDI Report
Mar 25/10	Mar 17/10	Villarzu Rodhe, Juan Rodolfo	Indirect Ownership	Common Shares	11 - Acquisition carried out privately	119,882	$0.850
Mar 25/10	Jan 07/08	Villarzu Rodhe, Juan Rodolfo	Indirect Ownership	Common Shares	00 - Opening Balance-Initial SEDI Report

Also, those with a memory for mining names will note the heavy-hitters that run AQM.v.

Disclosure: no position in any stock, though BAJ.to and AQM.v are part of the IKN Weekly 'Copper Basket' of junior exploration stage copper companies.

Evolving Gold (EVG.v): Keeping the Wolfus from the door

Some very strange stuff going on around the heavily pumped (by none other than arch-bullshitter and market shiller Peter Grandich, surprise surprise) gold explorer, Evolving Gold (EVG.v).

All in one day we've had the company filing its quarterly reports, issuing results from the latest round of drilling (that has good grades and might impress...right up til you see how deep the intersects were found) and then getting a lawsuit slapped on its ass by one of its own directors!

Hi Danny!

Here's the funstuff from that NR:

VANCOUVER, Feb. 25 /CNW/ - Evolving Gold Corp. (TSXV: EVG) (FSE: EV7) (the "Company") reports today that Daniel E. Wolfus, a director of the Company, has commenced a lawsuit against the Company, in the state of California claiming fees of approximately $300,000 allegedly owed to him in respect of the Company's recently completed private placement.

It is the Company's position that Mr. Wolfus in his capacity as a director of the Company is not entitled to remuneration as a "finder" or broker in respect of any private placement of securities. The Company intends to defend the claim vigorously. The directors and management of the Company believe that the claim being made by Mr. Wolfus is groundless as no agreement or understanding existed to pay Mr. Wolfus a success or finder's fee, and to do so would require the Company to contravene the TSX Venture Exchange policies.

The Company has not yet filed any defense in respect of the action and is considering with legal counsel its options in respect of jurisdiction and defenses. The directors have requested that he resign his position as a director, due to the obvious conflict of interest represented by Mr. Wolfus' lawsuit against the Company.

Now perhaps I'm jumping to conclusions, but would this Daniel E. Wolfus be in any way related to the Daniel Edward Wolfus who's been bailing his stock hand over fist recently at prices way higher than today's 77c (when trading was halted this AM)?

Evolving Gold Corp. (EVG)						As of February 24th, 2010
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Feb 23/10	Feb 23/10	Wolfus, Daniel Edward	Direct Ownership	Common Shares	10 - Disposition in the public market	-293,000	$0.918
Feb 23/10	Feb 23/10	Wolfus, Daniel Edward	Direct Ownership	Common Shares	10 - Disposition in the public market	-2,000	$0.910
Feb 23/10	Feb 22/10	Wolfus, Daniel Edward	Direct Ownership	Common Shares	10 - Disposition in the public market	-55,000	$0.930
Feb 23/10	Feb 22/10	Wolfus, Daniel Edward	Direct Ownership	Common Shares	51 - Exercise of options	350,000	$0.440
Feb 23/10	May 28/09	Wolfus, Daniel Edward	Direct Ownership	Common Shares	00 - Opening Balance-Initial SEDI Report

Funny how these things kinda happen at the same time, innit? Looks like another Grandich sheep-shearing exercise went on here. I hope Cal's paying you well, Peter.

UPDATE: This is how the cute bullshit spilled from the Grandich less than a fortnight ago:

Evolving Gold (EVG-TSX-V $.91 ) – Outside of a significant drop in metals prices and some unknown calamity that occurs on its project in Wyoming, I don’t see much downside risk in the current share price.

Here we are, two weeks later, 15% lower, heavy inside selling and the caca hitting the ventilador in the boardroom. What say you, oh wise owl?
Yes indeed retailers, you've been Grandiched again. Break out the KY Jelly