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5/30/15

Messi makes the top 20 all-time goalscorer list

In his 13th year of football, Lionel Messi makes the top 20 all-time goalscorer list:



Guaranteed people will remember number 480, too.

The most visited IKN post this week is...


Sure it was a light posting week, what with your author roadtripping and that, but the above post still managed to get a more than decent hit count and reaction. Must have been the tumbleweed GIF, I might use that one again.

5/29/15

I wonder why Ecuador Gold and Copper Corp (EGX.v) waited until post-close Friday...

...to quietly publish the 43-101 compliant PEA on the Santa Barbara Gold/Copper project in Ecuador without any sort of accompanying news release or fanfare?


Oh yeah, that'd be it. 

The IRR drops to 5.5% at U$1,303/oz gold, by the way.

Dalradian (DNA.to) pops at the close

It would seem that somebody somewhere was suddenly desperate to own some Dalradian (DNA.to):



Not that the Canadian market ever leaks news before its time or anything...

UPDATE: A nice man tells me that someone on the trading desk at RBC fat-fingered several names at the close, one of them being DNA. Presumably it's someone who'll also be sweating on his job this weekend and really really looking forward to that Monday morning meeting in the corner office. So it goes.

The Friday OT: Messi is a dog

It's in Spanish but it comes with English subtitles (which you may have to turn on by clicking the CC button) and it's important to understand the words being spoken.



If you've never seen this, today's the day. Magical.

Copper is dumping

That's not a pretty move for copper bulls.

Bitgold (XAU.v), the company that needs no capital, raises capital

The best thing; today's news confirms every suspicion. Goodbye forever Bitgold (XAU.v), we have no need to take you seriously any longer.

BitGold Inc. (TSX VENTURE:XAU) ("BitGold" or the "Company") is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by GMP Securities L.P. and including Clarus Securities Inc., Canaccord Genuity Inc. and Dundee Securities Ltd. (collectively, the "Underwriters"), which has agreed to purchase, on a bought deal basis, 5,000,000 common shares (the "Shares") of the Company at a price of C$3.65 per Share, for aggregate gross proceeds of C$18,250,000 (the "Offering"). 
The Underwriters will also have the option exercisable, in whole or in part, to purchase up to an additional 750,000 Common Shares to cover the Underwriters' over-allotment position. In the event that the option is exercised in its entirety, the aggregate gross process of the Offering will be C$20,987,500 
The net proceeds of the Offering are expected (continues here)


True Gold (TGM.v) publishes a news release, IKN checks dictionary for definition of verb "to strengthen"

In the wonderful world of mining NRs you can strengthen your team if your Chief Operating Officer (who also happens to be your VP of Engineering) resigns and the post is handed over to an un-named replacement who won't come on board for a month. Take it away True Gold (TGM.v) and its "True Gold Strengthens Karma Development and Operations Team" this morning.

True Gold is pleased to announce it has hired a new Chief Operating Officer to lead the strengthened team. The new COO, who will join the Company and be formally announced by the end of June, is a mining professional with extensive experience in mine operations and project development with recent and relevant West African experience. Peter Carter has resigned as COO to pursue other interests, and we wish him well in his future endeavours. Continues

And thus your on-site executive COO with 25+ years of mine building and operating experience in large mines around the world suddenly leaves the company. Stronger and stronger.

5/28/15

Sans Teeth, Sans Eyes, Sans Taste, Sans Offers, Sans Anything, Sans Gold (SGR.v)

Sans Gold SGR.v is going the way of the buggy whip. NR tonight and not a moment too soon.
WINNIPEGMay 28, 2015 /CNW/ - San Gold Corporation (TSX-V: SGR) ("San Gold" or the "Company") announced today it did not receive any third party final bids by the deadline for the Company's previously announced Sale and Investor Solicitation Process pursuant to the Bankruptcy and Insolvency Act (Canada) (the "BIA").
As a result, it is expected that the Company's secured lenders will seek court approval for a transaction by which the assets of the Company will be acquired by a nominee of the Company's principal secured lenders in exchange for its secured debt. In such event, the Company will have no ability to make a viable proposal to its creditors and will become bankrupt upon the expiry of the court-ordered Stay Period.
Etc

At least we retail mugs can comfort ourselves with the fact that Dale Ginn made a hatload of money. Through millionaire insider share sales. Before he stepped aside. Back in the day. Betcha that makes you feel better, right?

Right?

Argentina's presidential election campaign finally getting interesting

Up to now it's been nicey nicey, but finally this afternoon we got something interesting to talk about from Argentina's presidential election campaign, as we head towards the main vote day in October. That's because the candidate for the governor of Buenos Aires province for Sergio Massa's Frente Renovador party, Franscisco De Narvaez, who decided to stroll into the offices of the media outlet Nova in the city of La Plata (South of Buenos Aires city) and punch a reporter in the face. The one punch came without any sort of warning and knocked the journalist, Mario Casalongue, unconscious (nice shot). The reason is apparently a report published that day by Nova about De Narvaez. 

The candidate for governor then apparently kicked him a couple of times while he was on the floor and then got his bodyguard to take photos of the reporter as he lay on the ground, while shouting at the others present "don't mess with me".

He seems nice.

PS: Here's the Agencia Nova website. No prizes for guessing its top story this evening

Colombia's exports, whacked by the oil price drop

Back in December 2014 we predicted that "Colombia's trade balance is not going to enjoy the drop in the oil price" and stuck the long-term chart of Colombia's export mix up there to show how dependent the country had become on its exports of hydrocarbons to the world. Well here we are close on six months later, the first couple of months' worth of figures for 2015 have been collated by the country's central bank and...



...my stars, good IKN call, they're getting U$2Bn less than they were. And the difference is oil.

Two billion a month. Two freeeekin billion. Data here.

Rye Patch Gold (RPM.v) 1q15 results

I've been pretty sharp about this one before (particularly about the BS hype it attracts from time to time, but it has to be said that for an 18c stock and a CAD$26.4m market cap...




...that's not bad.

And no, I don't own any of this one.

Argentina still the best investment in South America this year

While catching up on the week's news last night and this morning, the dire headlines of how Argentina's Merval index dropped 5.4% on Tuesday were pretty high up in the media headlines of doom. Strangely, less baout Chile, Colombia, Brazil, Peru etc. so on checking...



...yup, looks pretty terrible in Argentina.

Election year, anyone?

Midas Gold (MAX.to): The promo pump is prepared

Here's a confident IKN prediction: Starting August and running through September, the usual bunch of sordid moneygrabbers in the Canadian BS pump machine will be extolling the virtues of Midas Gold (MAX.to) to the sheep-like mouthbreather end of the sector.  And this link is the main reason why.



Casey/Stansberry will be ground zero for the pumpjob, but all their nefarious friends and hangers-on are in and ready to dump their shares on you. Don't say you weren't warned.

My stars, the people running this sector are utter shits.

Teo Gutierrez's goal

This one made it 3-0 to River in Brazil last night and sealed passage to the semi-final of the Copa Libertadores. And he skinned the defender alive.



Brilliant.

Nevada Copper's (NCU.to) new feas

This one is my entry in the "Mining Stock To Drop Like Stone" in-house sweepstakes. NR here.

My fave bit of its brand new shiny feasibility study? That'd be the IRR of 10.4% from the "low case" copper price...which is 8c higher than the current spot price. Oh how we laughed.

PS: History may not repeat, but it rhymes.


Candente Copper (DNT.to): The Cañariaco protests start again this Sunday

Locals against Cañariaco copper project are re-starting their active protests as of this Sunday May 31st, as they've heard Candente (DNT.to) is starting up its exploration efforts again. And they don't want that. Spanish language report here.

5/27/15

Home again home again...

...dancing a jig.

Hope you've been having a pleasant week. Back in the saddle tomorrow Thursday morning.

5/25/15

On the road


Outta here til late Wednesday. Be as good as Paco plays until I get back.

5/24/15

The IKN Weekly, out now



IKN315 has just been sent to subscribers. A crappy edition, I wouldn't bother if I were you.

While searching for something else*...

...your humble scribe noted today this report, which states that watching movies in 3D improves short-term cognitive skills activity in one's brain. And then in another place this report, also dated this fine Sunday, which quotes a recent study as saying that over-exposure to sexually explicit material such as pornography can reduce brain activity. Therefore IKN has heartfelt advice for its esteemed readership: If you're going to watch porn, make it in 3D.


*Completely unrelated to pornography, I might add. This is a family show

Take a guess as to the number of junior mining companies exhibiting at Canadian Investor Conference Vancouver 2015

I was sent the link over this morning to the Cambridge House Canadian Investor Conference Vancouver 2015 website and after snooping around for a few minutes, this is the page that best tells you how the juniors are doing

There are 22 listed junior mining companies exhibiting at this year's conference in Vancouver. Twenty-two.

PS: I've just checked on the 2014 show's site. There were 68 listed junior mining companies at the same gig in 2014. And hey, that was a poor turnout (or so we thought at the time). Anyway, for those of you going to the 2015 show...

...enjoy.