And the same goes for language, be it your own or foreign study.
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But Kim Thayil's riff is the thing here, it's one you can hear less than a bar of on the radio and it just grabs you, instant recognition.
Hug's comments at the Inside ETF Conference last month may raise some eyebrows because he is an executive at one of the largest online retailers of precious metals in North America.These so-called crazy gold provide lots of business for Kitco. He said their influence is most obvious in the market for smaller units of physical gold between one and 32 ounces."These investors buy the metal and it just disappears. It goes under their mattress. They want to use it when the world ends," Hug told CNNMoney.
Ah wuz shocked, shocked ah wuz to hear Peter Marrone say that Argentina is quickly turning into the cat's meow of a place to do mining business. In "Argentina's Mining Landscape Improving, Cerro Morro A Go – Yamana CEO" at Kitco today we get the quote...
“You’ve heard me say before that I think Argentina has an improving socio-economic and geopolitical state, certainly from a mining company’s perspective,”...along with the news that the company has green-lighted Cerro Moro down in Santa Cruz (part of the portfolio since they bought out Extorre).
Hey, I wonder if owning Gualcamayo, 12.5% of Agua Rica and having your cash stuck in-country with severe restrictions on remittances had anything to do with the decision to hit the capex button, Marrone? Hey, I wonder if having all that real estate and asset value sunk into Argentina kinda nudges you towards saying nice things...just in case. Hey, how's that Suyai thing coming along down there Peter?
And we've done this before but it's worth making the point again so.... In other news The Gold Marketing Board's latest market analysis points to higher gold prices in the near future and considers that everyone should have 5% of their net worth in gold. A spokesperson for Apple (AAPL) told assembled reporters that she prefers Apple computing products to any other company's computing products. Papa John, founder of Papa John's Pizza, let slip that his preferred pizza brand is Papa John's. Oral-B and Colgate got together in a joint press conference to tell people that it's a smart idea to change their toothbrush every three months. The Optician's Society of America advises all citizens to get a sight test every 12 months. The peanut marketing board announces new scientific research that shows extra nutritional benefits of eating peanuts. Sarah Lee, world famous chocolate cake manufacturer, has also revealed that eating chocolate cake is good for you. And the Bitcoin appreciation society confidently predicted that Bitcoins would soon trade at $2,000 each.
Therefore, the post below is incorrect. It's not "...mistakes were made..." and it's not "...some confusion due to...". I screwed up, me, first person. Therefore I apologize for the error (and for what it's worth, SCZ wrote in with a very intelligent and friendly mail to confirm the error made) and by way of penance, I'm leaving the post up so that you can all see my mistake.
I'll also write Fe Erratum post on Sunday evening, so that it gets seen by the biz world on Monday morning.
May 2013: Accident and one worker dead (another seriously injured) February 2014: Accident and five workers dead December 2014: Accident and one worker dead January 2015: Accident and one worker dead.
One thing I've periodically mulled over, especially in the wake of Cuba policy liberalization, is Latin American "outrage."
We seem to see too few analyses that show U.S.-Latin American relations go beyond what people say, and that differences aren't always as extreme as they appear.
Here's the link to the whole thing, here's how the 4q14 results NR from Primero Mining (P.to) (PPP) begins. A four-point observation of the paragraph below:
Primero Mining Corp. ("Primero" or the "Company") (TSX:P.TO) (PPP) today reported financial and operational results for the fourth quarter and year ended December 31, 2014. On January 20, 2015 the Company reported record production of 225,100 gold equivalent ounces(1), a 57% increase over 2013, at low cash costs(2) of $687 per gold equivalent ounce. Today the Company reports record revenues in 2014 of $274.6 million, operating cash flow before changes in working capital(3) of $73.7 million ($0.48 per share), a net loss of $224.4 million ($1.48 per share) including $209.0 million ($1.37 per share) in non-cash impairment charges(4) and adjusted net income(5) of $5.4 million ($0.04 per share).
PS: Primero's financial advisors on the Brigus deal were BMO, who need to be taken out and shot for all the solid financial advice they're capable of offering.
Communities give ultimatum to Guerrero Government
During a meeting with Guerrero authorities and the Media Luna mine, community protection groups from Real de Limón, Nuevo Balsas and la Fundición said that if the leader of the La Familia Michoacana narco gang, Uriel Wences, weren't captured the company would remain closed.
Iguala: Members of the Real de Limón, Nuevo Balsas and la Fundición community protection groups gave an ultimatum to the State government and the Media Luna mine to capture the leader of the La Familia Michoacana narco gang, Uriel Wences, alias La Burra, and the two kidnapped people who are still captives, because if not the company will remain closed.
During a meeting with Guerrero authorities, the municipal president of Cocula César Miguel Peñaloza Santana and directors of the mining company whose doors were closed yesterday by locals due to the kidnapping of 18 people last weekend, the communities demanded that soldiers from the Mexican army and Federal Police join the search for the two missing people.
"What we want is that they bring in two helicopters and Mexican soldiers, as well as Federal Police to keep looking for our two community members. The soldiers shouldn't stay on the highways, but move into the hills with us", demanded the community members.
...for being the first of the gold producer bunch to give up every penny of its January bounce profits:
Now what did happen on January 27th? Oh yeah!
Oh dear, did you bet against the dollar?
You bought Kinross calls yesterday?
Went long that silver producer because it was looking like "great future leverage"?
Chopper has some heartfelt advice for you:
Dedicated to David B.
"I’ve been here for over four and a half billion years, 22,500 times longer than you, I don’t really need people. I have fed species greater than you and I have starved species greater than you. My oceans, my soil, my flowing streams, my forests, they all can take you or leave you.”
“Mankind is nothing more than a parasitic tick gorging himself on temporary plenty while the seas are low and the climate is clement. But the present arrangement of land and sea will change, and with it our brief supremacy.”We are currently in a period that's conducive to human life, to mammalian life, to life on dry land and that's only because the current set-up of the continental masses allows the right type of heat moving flows around the world. That will change, with a probablility of 1.0, and we don't even have to wait until the next big joining and pangaea mass for it to happen. Just one example of many, the planet will do for a big slice of our current lebensraum just by blocking off the Strait of Gibraltar and that one will happen soon in geological time. And while we're at it let's also note that the planet will also kill, without a second thought, those crystal streams and lush forests that the Julia Roberts version of earth loves so very much. Without even thinking about it.
The message that the planet doesn't care whether we live or die is a half-truth that's ultimately a lie. The half-truth is that for sure it doesn't care but far more importantly, no matter what we do it's going to kill us. We can do nothing about that. Yes we can make our journey as a species more pleasant, but the destination is set fair. The ultimate lie is the thing that our oh-so-smartypants modern society has refused to admit since the time of Aristotle: We aren't some kind of passengers on a ship, we're part of the planet.
UPDATE: This post was intended to stop mailflow on the subject, not cause more. If you didn't get the subtext I will therefore spell it out clearly: I do not care about how much money Frank Giustra has or where he keeps it, so stop mailing me on this. His continued failure to honour his word tells us far more about the guy than his chequebook ever will.
- January 7th to February 9th progress from 1,655ft to 1806ft = 151 feet
- Days elapsed = 34 days
- Average progress per day = 4.44 feet per day.
"First shalt thou take out the Holy Pin, then shalt thou count to three, no more, no less. Three shall be the number thou shalt count, and the number of the counting shall be three. Four shalt thou not count, neither count thou two, excepting that thou then proceed to three. Five is right out. Once the number three, being the third number, be reached, then lobbest thou thy Holy Hand Grenade of Antioch towards thy foe, who being naughty in My sight, shall snuff it."
In one of the two countries, corrupt and criminal mining leaders are executed:
Mining Tycoon Liu Han ExecutedMining tycoon Liu Han was executed Monday, after being sentenced to death last May on 13 charges including leading illegal gang activities. continues here
In the other they're given the Order of Canada.
...has been sent to subscribers, 8am local time Monday morning, an hour and a half before the opening bell.
I'm now off to listen to a conference call. While listening, coffee will be taken.
1) The Argonaut Gold (AR.to) we bought at $1.47 were sold for $2.53
2) The Rio Alto Mining (RIOM) (RIO.to) news today.
- Forecast One: Argonaut Gold (AR.to) may have started well since being recommended and then moves to Top Pick here at the Weekly, but don’t think for a second you’re too late to get on. You’re not. Get on. This stock is set to move significantly higher in the weeks ahead. I’d like to have a more structured plan on what to do with my shares but with the rough seas of December tax loss/January pop around us, it’s difficult to be mathematically accurate during a momentum-charged period. Right now my rough gameplan is to ride all my large position into January, maybe pick a spot and sell a portion for a decent gain, add dollars to a somewhat cash starved junior port right now, let the rest of the AR shares ride. But that plan is not fixed and could change on new circumstances. Whatever happens, it took until the very end of 2014 to find a trade potential that had all ducks in line and got me buying in with real confidence, no way do I let go too early because there’s money to be made here.
- Forecast Two: Rio Alto Mining (RIO.to) (RIOM) will be bought out in 2015 by a larger mining company. Probably a paper deal, certainly at a premium to today’s share price, a bidding war may even develop come the time as more than one larger-scale mining company decides it’s willing to pay up for 200k and 300k oz per annum of low cash cost gold. Put simply, if Rio Alto exists as a separate entity come this time next year I will be surprised.
Deal. NR here
During an operation this morning, community police officers from the Nuevo Balsas and la Fundición towns freed ten of the 18 people kidnapped by members of the La Familia narco gang.
Six people, among them a contract worker from the Media Luna mine and a woman were taken to the Nuevo Balsas and la Fundición health centre and four others managed to escape by hitting one of the hijackers. However, one of them was injured in the fight and stayed on the hill (where they were being held) while the other three victims managed to escape.
- Locals blame Uriel Wences Delgado, a.k.a."La Burra" and a local operator of the La Familia drug cartel.
- According to locals, he let one of the hostages go so they'd give out his message: "I've come for my money, that of the mine and the population"
- La Burra was apparently behind the incident a few years ago when seven Torex trucks were stolen. From that moment until 2013, TXG paid him protection money in the form of a monthly quota.
- That stopped in 2013 when he and his clan were run out of town by the newly militant community guard. Now those movements have been outlawed, La Burra is back and he wants his action again.
- Locals also note that TXG contracts a local company called Capitsa, which is owned by La Burra's nephew.
Lefsetz with a good one this weekend:
We used to have a critical society. The only people poking holes in theories were not nobodies online. And the funny thing about the haters is they focus more on the nobodies, the stars are untouchable, because if the stars have feet of clay they’ve got nothing to believe in.