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"The bottom line here is that Argentina doesn't need to pay and it can fall into default, because 1) the consequences for the country are much better than the chain reaction that it might (repeat might, lot of discussion over RUFO right now) set off if it pays and 2) the consequences for the country really aren't that bad even compared to a neutral position.
"...this is at least part of the point I alluded to a couple of days ago in this post, the bit about the difference between the law and justice. Yes for sure the law says that Argentina defaults and it's in the wrong, but only according to the eyes of the law, which in this case is personified by a dusty idiot of a biased judge in New York who should have been put out to grass a decade ago and is showing signs of Alzheimer's. Therefore Argentina can and indeed will ignore this book-driven law and bide its time until the real terms of agreement are struck and that will only happen via true justice, a far more powerful thing than a mere law."
whole thing here
...this one, "Insider selling at Hudbay (HBM) (HBM.to)".
Because all videos should have dancing dogs.
Checking in on the value being added to First Mining Finance (FF.v) by Daniel Ameduri of Future Money Trends
PS: And just so you know, at some point today it'll get to the stage when I see the word 'lasagna' in the title line of an e-mail and won't even bother opening it. Thank you for your kind comprehension.
Yes indeed retail sheep, Tommy can do all this to your portfolio. And more!
And yeah, toldyaso.
UPDATE: And the bot deal gets upped to $30m. You can't make this shit up.
*Though make enough for two full meals for four people and half gets frozen
Trevali Mining Corporation ("Trevali" or the "Company") (TSX:TV)(LMA:TV)(OTCQX:TREVF)(FRANKFURT:4TI) announces that it has entered into an agreement with Dundee Securities Ltd. on behalf of a syndicate of underwriters (together, the "Underwriters"), to purchase on a "bought deal" basis by way of short form prospectus, 19,610,000 common shares of the Company ("Shares") subject to all required regulatory approval at a price per Share of $1.02 (the "Issue Price") for gross proceeds of $20,002,200 (the "Offering"). continues here
Oh cool, more dilution. Tonight's news puts this company at a minimum 305.537m shares out (and it's probably more already), over double the "oh we gonna be miners any minute" number above. How this company gets away with this scam year after year, all the while getting its free pass from the sycophant brokerages due to the commish generated, it's absolutely.....well, it's this:
"Earlier today, the presidents of the Central Bank (Julio Suarez) and Social Security Institute (Juan de Dios Rodríguez) were arrested by Guatemalan authorities. Over a dozen other officials were arrested including the vice president of the Social Security Institute. The charges range from fraud, conspiracy, insider trading, illegal collection of fees, and active and passive bribery."
I was sent this today. Sharing it here.
That's massively good.
UPDATE: MM sends in a couple more. Both worthy. I particularly like the C&H.
UPDATE: Lasagna came out well, thanks for asking.
On this BNN TV link, with video and everything. Here's your excerpt:
Back in January, a punch up erupted between Clive Johnson, the CEO of B2Gold (BTO.TO 0.49%) and Daniel Earle, a sell side analyst for TD Securities at a posh dinner hosted by the bank as part of their annual mining conference in Toronto.
The clash at Modus Restaurant, which was said to be largely fuelled by generous amounts of red wine served to the mining luminaries, left Johnson with black eye and a pair of broken glasses.
Both B2Gold and TD acknowledged the incident, but declined to elaborate on the circumstances. Speaking in his first televised interview since the incident, Johnson told BNN he regrets the what happened.
“I don’t think anyone involved in that was particularly proud of what happened at the end of the day. It had nothing to do with business. It was an incredibly unfortunate situation,” he said.
PS: A little music while you check out the linko up there:
SMBC sums it up neatly, here.
Imperial Metals Corporation (the "Company") (TSX:III) announces that its board of directors, subject to regulatory and legal approvals, has approved an agreement to borrow $30 million from Edco Capital Corporation ("Edco") by means of an unsecured loan at an interest rate of 12% per annum and maturing in six months from date of issue (the "Loan"), with an arrangement fee of 1% of the principal of the Loan payable in cash. Edco is owned by N. Murray Edwards, a significant shareholder of the Company. The proceeds of the Loan will be used to support the ongoing ramp up of production at the Company's Red Chris mine and provide working capital for the Company.
The board of directors has also approved the Company undertaking a rights offering of approximately $80 million to shareholders, debentureholders and warrantholders ("Rightholders") subject to definitive terms and conditions as well as approvals from the Toronto Stock Exchange ("TSX") and securities regulatory authorities. The rights offering will be for units comprised of a combination of common shares and convertible debentures. Proceeds of the rights offering will be used to repay the Loan, to support the ongoing ramp up of production at the Red Chris mine, to fund the restart of operations at the Company's Mount Polley mine and to provide working capital for the Company. The rights offering will proceed after the Company has obtained an extension of the completion date under the Senior Credit Facility to a date which is reasonably expected to follow the successful completion of the ramp up of production at the Company's Red Chris mine.
Rightholders will be able to subscribe for more than their proportionate share of units should not all Rightholders take up their pro rata share and the Company expects the rights will trade through the facilities of the TSX.
Edco, its affiliates, and The Fairholme Partnership, LP, significant Rightholders collectively holding approximately 56% of the Company's issued and outstanding shares, 69.5% of the outstanding debentures and 100% of the outstanding warrants, have advised that their current intention is that they will subscribe for their proportionate share of units and, in exchange for a fee of 3% of the subscription proceeds in respect of all rights not owned by them, back stop the rights offering such that they will purchase all units not otherwise purchased pursuant to the exercise of rights by other Rightholders. All directors of the Company have agreed to participate in the rights offering.
Is it the normal flatulent sales-pitch nonsense that's quickly proven wrong?
Or is it like IKN's from the late December 2014 predictions for the year?
3) Uranium will go nowhere again. We're in the high $30s today, it could fluctuate up into a 4-handle, down through to the 2s, but the prediction is to watch it flatline in general terms. Uranium's going the way of the buggy whip, the world has moved on from the fallacy of "near limitless/near free energy" and knows how expensive these things are to decom, the type of cost that's built into projections by serious countries (China an obvious exception to that category).