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Goal of the weekend
UPDATE: Peru's Gestión biz media now covering the story here.
UPDATE 2: The two children are reported to have died from "toxic gas inhalation". Or in normal person's language, an overdose of teargas.
UPDATE 3: More reports starting to flow from the zone, with most concetrating on injuries suffered by police. One officer in hospital with bullet wound to the abdomen from one report, another has seven protesters and four police officers injured. We also hear that the protesters have now (Saturday morning) re-blocked the main Panamericana highway in response to the crackdown, which means this ruckus isn't going away any time soon.
I'm currently making a small investment in the asset* being priced in this way:
UPDATE: As well as a couple of mails received already (thank you), Iwnattos takes up the challenge in a public manner.
...gold, dailies, with notes on the recent action:
Still bullish in the near term, bullish in the longer-term too.
A little list; all facts, all taboo:
- You cannot tell an Argentine that other countries use "vos" as well.
- You cannot tell a Colombian that their country exports all its nationally grown coffee and that they're probably drinking Brazilian or Peruvian beans.
- You cannot tell a Uruguayan that Argentine parrillas are better than theirs.
- You cannot tell a Peruvian that Chilean pisco is a pleasant drink.
- You cannot tell a Chilean that their country is no better (or worse) than any other country in South America. In fact, just mentioning that it's part of South America doesn't go down so very well.
- You cannot tell a Brazilian that Sao Paulo really sucks as a place to live (you have to wait until they tell you, then nod your head in silent and contemplative agreement).
- You cannot tell a Venezuelan that paying pennies for fuel is not a good idea for the country.
- You cannot tell an Ecuadorian that their version of ceviche sucks.
- You cannot tell a Bolivian that not having a coastline is no big deal.
*semi-boilerplate, but we don't mind Steve :-)
I've just put together a talk on my favorite subject on what I believe is the most profitable way for investors to make money investing in junior mining exploration companies. That is to identify the next junior that makes the next good looking significant discovery and after doing the required due diligence to see if it meets my initial criteria, to then get positioned in the stock (whether its by just going in the market buying shares or ideally if the opportunity presents itself by doing a private placement to get that extra warrant as a bonus).
Ive used a number of well known historical examples of juniors that have made a discovery and then gone on to be taken over by the majors making investors lots of money, along with a few examples that didnt work out and then conclude my talk with a couple of the recent discovery success stories.
Our compliance department has approved this talk deeming it to be an educational type of talk and I am therefore allowed to put it on You Tube, our SprottGlobal website and able to distribute it to the public.
I think its a timeless talk and can be given any time.
There are many examples of successful discovery plays but I have just chosen the ones in my talk
Investment Executive, Geologist
Sprott Global Resource Investments Ltd. member FINRA/SIPC
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T: 800.477.7853 x. 5266 or 1-760-943-3939
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- Gold price drops day before FOMC announcement ✔
- Gold price drops on morning of FOMC announcement ✔
- If broad market rises on Fed annnouncement, gold drops (pending)
- If broad market drops on Fed annnouncement, gold drops (alt. pending)
Enjoy your day.
You think it's a bullshit company with a blow-smoke-up-ass piece of moose pasture that should have been taken out and shot years ago? Honey Badger (TUF.v) doesn't care!
"The hematite-chlorite-carbonate mineral assemblage is (....) consistent with distal, low-temperature, shallow-late type alteration associated with deposits such as Olympic Dam".
What candles may be held to speed them all?
Not in the hands of boys but in their eyes
Shall shine the holy glimmers of goodbyes.
The pallor of girls' brows shall be their pall;
Their flowers the tenderness of patient minds,
And each slow dusk a drawing-down of blinds.
Lille over at "Memory..." has the story of the Chilean who wants to set up his gig on this link. Here's how it kicks off:
A self-proclaimed advocate of Nazism from Chiloé, Godofredo Rodríguez, plans to open a school called the "Escuela de Arte Nazi Presidente General Augusto Pinochet" in Ancud. The school uses a swastika as its logo and has, not surprisingly, provoked a certain amount of indignation in the area.Continues here
*Well yeah, kinda had to be really, no?
Colossus (ex-CSI.to) news: Brazil's parliament begins an official inquiry into fraud allegations at Serra Pelada
...has just been sent to subscribers on this fine Tuesday morning. Two trades planned.
...would you please get on and file your annuals? I'm bored with slicing FVI's numbers into ever thinner slices and as your financials are bound to be a source of entertainment and amusement for one and all (and you're behind your filing date), can you get on with it and show us all?
Thanks in advance
UPDATE: Shocked! Shocked ah wuz! Yup, GORO has made its traditional annual "we're going to late file" move. At least they're consistent, can't fault them on the surprise front-
They sucked. The two issues with Fortuna Silver's (FVI.to) (FSM) 4q13 are:
2) The write down, which did this to the net quarter numbers:
Anyway, back to the numbers and this paste-out of a part of the 4q13 MD&A throws a little more light on the subject. DYODD, dude.
Fourth-Quarter 2013 Financial ResultsThe fourth-quarter net loss was $14.9 million (Q4 2012: income $8.5 million), resulting in a loss per share of $0.12 (Q4 2012 earnings per share: $0.07). The loss was driven by a non-cash impairment charge of $10.2 million, net of tax (Q4 2012: $nil) and by a one-time non-cash income tax provision of $7.7 million (Q4 2012: $nil) resulting from the initial recognition of the Mexican mining tax reform.The Company’s fourth-quarter adjusted net income was $3.0 million (Q4 2012: income $8.5 million) (refer to non-GAAP financial measures). The corresponding adjusted income before taxes was $6.5 million, compared with $8.0 million in the prior-year period. The decrease with respect to Q4 2012 was driven mainly by lower silver and gold prices, of 37% and 26%, respectively, partially offset by higher silver and gold sales resulting from the expansion at the San Jose mine, of 49% and 64%, respectively. Mine operating earnings decreased 22% to $10.4 million (Q4 2012: $13.3 million), and gross margins fell from 35% to 29%, reflecting the impact of lower metal prices, which was partially offset by lower unit cash costs at both our mines. Also contributing to offset the negative impact of metal prices were lower selling, general and administrative expenses which were reduced by $1.5 million.Cash generated by operating activities, before changes in working capital, was $11.2 million, a decrease of 6% from the prior-year period, mainly because of lower sales, of 4%. Operating cash flow per share, before changes in working capital, decreased 10% to $0.09 (Q4 2012: $0.10) (refer to non-GAAP financial measures).The basic loss per share for Q4 2013 was $0.12 (Q4 2012: earnings per share $0.07). Operating cash flow per share, before changes in working capital, was $0.09 (Q4 2012: $0.10) (refer to non-GAAP financial measures).
Prime Minister David Cameron says any referendum vote in Crimea this week "will be illegal, illegitimate and will not be recognised by the international community".On Falklands/Malvinas
David Cameron has called on Argentina to respect the wishes of the people of the Falkland Islands to remain British.The prime minister said the almost unanimous vote in favour of staying a British overseas territory was the "clearest possible result".He said Argentina should take "careful note" of the referendum, and Britain would always defend the islands.
UPDATE: Ah yes, regular reader and e-mail foil 'MP' chimes in with a good one:
Can't wait to see what his position will be on the Scottish referendum....
"Anyone can rat, but it takes a certain ingenuity to re-rat."
Among other assets, Cabot Corp (CBT) owns the Tanco Mine in Manitoba, Canada. What World Complex has to say about what's going on over there is more than eye-opening and should be a big red flag for the whole Canadian mining sector, not just owners of this company's stock. Here's an excerpt to whet your lips:
"The main difference between the new plan and the original plan is that the new plan is considerably cheaper, but risks the lives of the miners (especially given the company's operating record). But what do the lives of miners mean when almighty dollars are at stake?"
This from Kids Prefer Cheese, a great blog:
You don't need to be fluent in Catalan to work that one out. No further comment necessary. Just wonderful.
UPDATE: JH writes in to add this little pearl:
“First we pick the person, like the owner of a bakery or a business owner, and then we follow him for two to three weeks and see where he lives, where he goes shopping, who’s with him, those kind of things,” Juan said as he casually scratched the ears of his black mutt. “Then the day comes and you do what you have to do. You ask for ransom — but you try to get it in less than 24 hours.”And...
One of the factors driving the spree is impunity. Juan described the police as a business expense rather than a real threat. He said the CICPC, Venezuela’s criminal and forensic police, were the most problematic. If they caught him, he said, he might have to pay an $8,000 bribe to be released.
“But the regular police, they charge a lot less,” Juan said. “Really, you just give them whatever and they will let you go.”
PS: Nadine's on 27%, her lowest rating ever. That's likely to drop in the next poll, too.