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What an amazingly good track of rock music this truly is.
For strange reasons, I fell in love with the Foos this week after a long absence. Now it's your turn.
...has just been sent to subscribers, 10:15am EDT Friday moning. Belt'n'braces post complete.
A team of Uruguayan researchers working at the Arroyo del Vizcaíno site near Sauce, in Uruguay has found evidence in ancient sloth bones that suggests humans were in the area as far back as 30,000 years ago. The team describes their evidence and findings in a paper they've had published in Proceedings of the Royal Society B: Biological Sciences.
Most scientists today believe that humans populated the Americas approximately 16,000 years ago, and did so by walking across the Bering Strait, which would have been frozen over during that time period. More recent evidence has begun to suggest that humans were living in South America far earlier than that—just last month a team of excavators in Brazil discovered cave paintings and ceramics that have been dated to 30,000 years ago and now, in this new effort, the research team has found more evidence of people living in Uruguay around the same time.
In this new effort, the researchers found over a thousand bones at the Arroyo del Vizcaíno site, (from approximately 27 different animals) most of which once belonged to the now extinct giant sloth. What was most remarkable however, were the deep slash markings on some of the bones—indicative of human stone tools. Also interesting was that the bones were all from the remains of large, full grown sloths—all in a single place where they wouldn't have died in other ways such as from falling off a cliff. Taken together, it appears the sloths were killed individually, as needed, and eaten, most likely, by humans as no other known animal could have pulled off such a feat.
I don't see why PVG should rally on the NR, barring a relief-type pop that then fades as the smarter end of the mkt uses it as a useful exit opportunity (see how LYD has traded recently for a model). The doubt has never been about the gold content of the sample. Today we find the sample has gold (and perhaps a little more than expected) but so what?
The key word in the whole story is still "representative" and it doesn't matter whether the 10kt bulk sample comes in with triple the amount of gold than expected, the question of whether PVG's testing method represents the larger deposit has not gone away.
If it runs harder than i expect today, i'll short it.
During the recently completed "Confirmatory Metallurgical Test Work Program" for the feasibility study for the Miraflores Project, it became evident that the measured gold grades within the chosen samples were generally well under the targeted grades. After further investigation, it appears that some of the gold was being lost during the core cutting and drilling processes. During the previous campaigns, the standard procedures in place were insufficient to capture the respective slurries and test them to ascertain the component of gold contained within these slurries. The key areas for further study are the high grade vein zones whereby the gold is generally associated with argillized material as well as in the more porous areas of the breccia. Seafield believes that it is important to design a program targeting these inefficiencies and review the measured gold grades in an attempt to capture the true grades of the deposit, which may have a positive impact on the resource estimate at Miraflores. As a result, the Company has decided to design a work program to analyse the potential impact on the project and to delay the completion of the Feasibility Study until this issue has been fully evaluated.
At September 30, 2013, the Company had a working capital deficit of $1,854,761, compared to a working capital of $1,796,387 at December 31, 2012. The Company had cash and cash equivalents of $665,714 at September 30, 2013, compared to $2,255,941 at December 31, 2012.
Chapter One was last week, just before Alix Resources (AIX.v) had their trading asses halted.
Chapter two has just arrived. Oh what fun
And make sure you read VancVenture's brand new DD post on AIX.v, you'll get a better idea of how smelly this one is
November 21, 2013
Alix Provides Update on Bitcoins
VANCOUVER, BRITICH COLUMBIA--(Marketwired - Nov. 21, 2013) - Alix Resources Corp. ("Alix" or the "Company") (TSX VENTURE:AIX)(FRANKFURT:37N) (ARXRF-US CLEARING SYMBOL) announces that, with regards to the proposed launch of a bitcoin exchange (see PR dated November 14, 2013), the company will not be proceeding with the implementation of a bitcoin exchange at this time, instead the company will conduct additional due diligence on the bitcoin sector prior to making a decision as to whether to implement a Bitcoin exchange. The Company will provide an update to its shareholders when the due diligence process is complete.
The Company further announces that it intends to continue its proposed bitcoin service payment plan with its mining service providers, whereby such service providers will accept payment in bitcoin for their services. Since the Company's initial announcement, the Company has received favorable responses from other entities in the junior public mining exploration industry, and anticipates that it may enter further bitcoin service payment plans with others. The Company will provide further updates as they arise.
ON BEHALF OF THE BOARD
Michael England, President
"I'm putting my money where my mouth is, and have instructed my broker to place what is, for me, a large order. And I know I'm not the only one here at Casey Research doing so. We had active stink bid guidance to buy under $5, which I hope was filled for many of you."
Fino: "So here's the plan: We'll set up a gold mining company, then we'll raise a whole heap of cash to fund it, then we'll produce gold at a higher cost than its market value, then we'll make a series of quarterly net losses until the money runs out, then we'll raise another pile of cash from the market, then we'll continue to produce gold at a loss until that money runs out, as well. Then we'll raise more cash from the market."
Maria: "Cool! Do we get to pay ourselves a fat cash salary?"
Fino: "Sure, of course. $350k or $400k a year. This is capitalism, after all. We need to be rewarded for our hard work."
UPDATE: Setty reminds your humble scribe of another aspect of the GCM.to biz model which had slipped the mind at the time of posting. Thanks due.
It's not the Ross Beaty cash, it's the Ross Beaty timing
One man's broken slot machine is other's reversion to the mean: Here's PR newswire:
TUCSON, Ariz., Nov. 20, 2013 /PRNewswire/ -- The U.S. Environmental Protection Agency has dealt a dramatic and potentially devastating blow to Augusta Resource Corporation's proposal to build the Rosemont mine, a massive open-pit copper mine in the Santa Rita Mountains just south of Tucson.In a Nov. 7 letter to the U.S. Army Corps of Engineers, the EPA recommended that the proposed Rosemont copper mine should not receive a permit that would allow the company to dump potentially toxic mine wastes into area waterways.After completing a comprehensive and detailed analysis, EPA concluded that Rosemont's proposals to mitigate the mine's severe and permanent damage to area water supplies are "scientifically flawed" and "grossly inadequate," and advised the Corps of Engineers that the project "should not be permitted as proposed."The EPA's recommendation to deny Rosemont's permit application is a potentially devastating blow to the mining project because EPA has veto authority over the permit, which would be issued by the Corps of Engineers only if the proposed mine meets Clean Water Act standards. The permit is required before construction could begin on the mile-wide, half-mile deep open-pit mine.
UPDATE: ok, this is interesting. AZC has sent this NR out tonight, here's how it starts:
TORONTO , Nov. 20, 2013 /CNW/ - Augusta Resource Corporation (AZC.TO) (NYSE MKT: AZC) ("Augusta" or "Company") comments on the Save the Scenic Santa Rita's (SSSR), a local project opponent, inaccurate press release, which makes inappropriate comments and distorted interpretations in relation to a recent Environmental Protection Agency (EPA) letter issued to the U.S. Army Corps of Engineers (ACOE) on November 7, 2013 ."The SSSR press release today was not only inaccurate but another attempt to harm our company," said Gil Clausen , Augusta's president and CEO. "This group has historically mischaracterized the level of impact that letters between agencies have and obviously do not understand the permitting or the evaluation process. SSSR totally misrepresents the contents of the letter and the EPA's comments actually said that they were looking forward to working with the Army Corps on mitigation and risk based assessments. For example, nowhere in the EPA's letter did they discuss discharges as 'toxic mine wastes'. The SSSR is fabricating information and attributing that information to EPA in an effort to scare our shareholders and disrupt markets."The Company states the EPA has been working diligently with the U.S. Forest Service (USFS) and other Federal Agencies to finalize the work required to complete the permitting process. The EPA letter refers to old plans and issues which were the basis of discussion and not decision. The ACOE will make their decisions based on facts, rules and regulations as they continue to maintain good dialog with the EPA. continues here
Fun no? Maybe we're about to witness an enviro group be sued, class action style, by a bunch of disgruntled sellers? Or maybe AZC is overstating its case? One thing's for sure, one of these sides has got it wrong.
...has been sent to subscribers this fine Wednesday morning, pre-opening bell. A near-term trade outlined.
...Bitcoin, over the last...oh, wait a moment, my mistake, it's silver Jan 2009 to June 2011:
However, IKN has spotted the Achilles Heel in Behre Dolbear's scoring system and is here to help, with the hope that BD fixes things for next year's survey. Here's the problem, it comes from page 1 of the PDF and I quote:
The 25 countries considered in this year’s survey are ranked based on 7 criteria:
• the country’s economic system
• the country’s political system
• the degree of social issues affecting mining in the country
• delays in receiving permits due to bureaucratic and other issues
• the degree of corruption prevalent in the country
• the stability of the country’s currency
• the competitiveness of the country’s tax policy
The problem is that there's an eighth category missing, "Knows more than fuck all about hard rock mining". If "Knows more than fuck all about hard rock mining" had been added to the survey, Peru would have caught up and probably passed Colombia (for one thing because it deserves double points, what with the subject matter at hand and all that) and Colombia would have scored a big fat zero for "Knows more than fuck all about hard rock mining", or even negative because truly, the people running the show have shown, time and again over the last five years, that they know less than fuck all about hard rock mining. And that's a negative score, by definition.
So BD, as you might imagine it's kind of difficult to take your survey seriously, what with the basic level errors glaring at you from the top. I didn't get past page two, there really wasn't much point.
UPDATE: Dear Matson15, it's fucking Colombia with an "O", not fucking Columbia with a U. Please continue showing your ignorance in other locations, fuckwit.
UPDATE: OK, this one is now confirmed. He's being put out to pasture as the Argentine Commercial Attaché
The Venezuela Central Bank (BCV) and Goldman Sachs are ready to sign a foreign exchange agreement using gold held in international reserves, which will run between October 2013 and October 2020, according to the contract.
The amount in the deal is the equivalent of 1.45 million ounces of gold which is held in the Bank of England vaults and the transfers would me made directly to Goldman Sachs once delivery times are confirmed.
The deal consists of the delivery of the BCV gold, which would receive in return dollar from the US-based company. The transactions would run via a financial instrument negotiated through the international markets continues here
This is what they wrote
TORONTO, ONTARIO--(Marketwired - Nov 19, 2013) -
All amounts are in United States dollars, unless otherwise stated.
Alamos Gold Inc. (TSX:AGI)(NYSE:AGI) ("Alamos" or the "Company") is pleased to announce the launch of its new corporate website.The launch of our new website reflects the growth Alamos is experiencing as a company. Our Mulatos mine continues to perform well, we are advancing our development projects in Turkey and with the recent acquisitions of the Esperanza Gold Project in Mexico, and Quartz Mountain Property in Oregon, we have enhanced our peer leading growth profile.
With approximately $420 million in cash, no debt and strong ongoing cash flow generation we remain in an enviable position in the industry with a peer leading, fully funded growth profile, and the balance sheet strength and management depth to pursue additional growth opportunities. Please take the time to navigate through our new website at www.alamosgold.com.About Alamos
TORONTO, ONTARIO--(Marketwired - Nov 19, 2013) -
All amounts are in United States dollars, unless otherwise stated.
Alamos Gold Inc. (TSX:AGI)(NYSE:AGI) ("Alamos" or the "Company") is pleased to announce the launch of its new corporate website.
The launch of our new website reflects the lack of imagination Alamos is experiencing as a company. Our website cost thirty grand to renew and although it doesn't contain any new information, the corporate photos have been updated and there's a 50% increase of those shots of cute smiling children, which always go down well. More importantly, we want to underscore how our corporate culture is stuck firmly in the past by making a big song and dance about a website upgrade, issuing this waste of space NR and patting ourselves on the back for the type of move that no company worth its salt in 2013 will ever make a fuss over. We are aware that the mining industry has no clue about tech or investor relations trends and we're proud to celebrate that fact by releasing non-news via Marketwired, Stockwatch and CNW.
With approximately $420 million in cash, no debt and strong ongoing cash flow generation we have more money than common sense and will continue to let the morons in our IR department waste it in any way they see fit. Please take the time to navigate through our new website at www.alamosgold.com.
Bitcoin vs US Dollar, 12 months:
Yup, tough market.
This from October 24th:
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 24, 2013) -Bellhaven Copper & Gold Inc. (TSX VENTURE:BHV) ("Bellhaven" or the "Company") announces that it intends to complete a non-brokered private placement financing of up to 26,000,000 units (the "Units") at a price of $0.05 per Unit for gross proceeds of up to $1,300,000 (the "Offering").Each Unit consists of one common share (a "Common Share") and one Common Share purchase warrant (a "Warrant") of Bellhaven. Each Warrant entitles the holder to acquire one Common Share of the Company's stock at a price of $0.08 for a period of 36 months following the closing date of the Offering. The securities issued pursuant to the Offering will be continues here
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 18, 2013) -Bellhaven Copper & Gold Inc. (TSX VENTURE:BHV) ("Bellhaven" or the "Company") announces that, further to its news release of October 24, 2013, the Company has closed the initial tranche of its private placement, issuing 2,550,000 units for gross proceeds of $127,500. Continues here
...is that only the people at the centre of the scam know when the plug gets pulled.
UPDATE: It's looking like Bachelet will not pass the finishing post today and we'll need a second round run-off to sort things out. 20.31% of the votes counted and 'Chelle is still at 46.11%. The sample is beginning to be big enough to be representative.
UPDATE 2: 69.51% of votes counted and 'Chelle has 46.69%. Statistically it's all over, this one is going to a second round, assuming of course that Matthei doesn't throw in the towel.
My thanks to supertwitterpal @karaspita for the headsup:
Here's what to expect from CFK2.0 now that the surgical improvements have been bedded in:
The operation was a complete success.