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9/26/16

Some Monday music

Alabama 3, 'Monday Don't Mean Anything To Me'



Keep your shades on when you clean your teeth.

Frank Holmes Says

Shopping mall mass shootings are bullish for gold. 


This is of course a developing story.

A signature in Colombia

The big show in LatAm today is in Cartagena Colombia, where President Juan Manuel Santos and FARC-EP leader Rodrigo Londoño will do the official signature thing and then shake hands on Colombian territory for the first time, all done in front of a wide array of local and foriegn dignitaries (plenty of South American presidents making the trip, along with Raul Castro of Cuba and John Kerry repping for the USA).

And the big big glittering show is all to make sure that the really big day, this Sunday October 2nd, goes off without a hitch and Colombia's population officially vote the peace deal into effect via the national referendum.

You don't need a link to any of this, your screens will be saturated by the story come the afternoon.

Auryn (AUG.v) and Baños del Indio

Here's how it works:

1) Baños Del Indio is explored in the 1990's, gets nowhere fast.
2) Miguel Cardozo incorporates the concession into his Alturas Minerals (ALT.v) vehicle in the mid 00s, fiddles around doing baseline stuff, tries to find a JV partner, fails.
3) ALT.v goes nowhere fast (for several reasons) and in the end Cardozo decides to quietly move assets out of the public company and into his private company, Exploandes (put together in 2013 for the specific purpose).
4) He gets wind that a cashed-up junior is on the lookout for land in Peru and flips them Baños Del Indio on its "concealed gold/silver high sulphidation replacement potential"(geological terminology known as 'Hail Mary' in Gridiron).
5) Auryn Resources (AUG.v) falls for it, Cardozo finally gets a payola from one of his pieces of llama pasture.

Another day in juniorlandia.

9/25/16

The IKN Weekly, out now


IKN385 has just been sent to subscribers, the usual serving of poorly written drivel and bad DD from a drunken waste of time who used to care but doesn't anymore. I wouldn't bother if I were you.

We continue to track Louis James' "Number one recommendation for this year"

On January 21st 2016, Louis Lobito Little Wolf James of Casey Research told his subscribers to "short the NYSE", called buy on the index shorting vehicle SDS and called the trade his "number one recommendation for this year".

And how's are we doing with eight months on the clock, Lobito?


Now 30% down, not to mention the opportunity cost of not being long the SP500, up 17% in the same period. But! Don't Worry! Anytime Now! Right Lobito? Right Duggie? Right Porter?

Frank Holmes Says

The Trump/Clinton debate is bullish for gold. 


This is of course a developing story.

9/24/16

Radio Raheem



"Let me tell you the story of Right Hand, Left Hand. It's a tale of good and evil. Hate: it was with this hand that Cane iced his brother. Love: these five fingers, they go straight to the soul of man. The right hand: the hand of love. The story of life is this: static. One hand is always fighting the other hand, and the left hand is kicking much ass. I mean, it looks like the right hand, Love, is finished. But hold on, stop the presses, the right hand is coming back. Yeah, he got the left hand on the ropes, now, that's right. Ooh, it's a devastating right and Hate is hurt, he's down. Left-Hand Hate KOed by Love."

The stand-out character of the magnificent movie. Bill Nunn RIP and that's the double truth, Ruth.

PS: The clip:


 

The top three most visited IKN posts this week are...

...in reverse order:

Third Place: "Argentina: The Veladero mine causes political pain (from IKN384)". Basically because Lawrie Williams gave it a re-boot. Which was nice.


First Place: "Gold porn". Basically because you all like the gold porn photos and always will. Mmmmm, shiny things.....mmmmmmm

9/23/16

The Friday OT: Joaquin Sabina; Contigo

The most drop dead heart-smashing love song ever.



Let us be clear, lovers of the tongue of Cervantes, the guy who can write lines like these...

"Porque el amor cuando no muere mata, 
                                     porque amores que matan nunca mueren"


...is simply a genius.

Apart from The Friday OT later on...

...there will be no posting on this blog today.

For secret reasons.

9/22/16

Dunnedin Ventures (DVI.v) never gets mentioned on CEO.ca

This is one reason:


This is the other, from October 2016.


“Chris Taylor’s Dunnedin Ventures Inc. (DVI), down one-half cent to 4.5 cents on 220,000 shares, is facing a dissident shareholder and a threatened proxy fight. The company’s former special adviser, Allan Barry Laboucan, says he was “pushed out of Dunnedin” but plans a return. Mr. Laboucan is best known as an “editor, writer and show host” with Allan Barry Reports, his on-line tout site. A year ago Mr. Taylor, Dunnedin’s president and chief executive officer, appointed him as a special adviser. Appointments are usually gushy affairs, and Mr. Taylor lauded his new adviser as “one of the most well-rounded diamond industry experts in Canada.” He did not back up the claim, limiting his description of Mr. Laboucan’s experience to his frequent guest appearances on business television programs seeking his opinions on resource companies and market trends, his role as “chief market commentator” with Agoracom.com, as well as his work with Allan Barry Reports.
Mr. Laboucan is certainly not returning the puffery. He now says in an Allan Barry Reports blog entry that Mr. Taylor “had little experience in diamonds” when Dunnedin began working its Kahuna diamond project in Nunavut last year, adding that “he is unfit to lead the company any longer.” Mr. Laboucan says he made his “concerns about the board and the leadership” of Dunnedin known to the company’s board of directors, after which they “chose effectively to dismiss me.” That hardly seems a surprise, since Mr. Laboucan says he wants to change the board of directors, appoint himself president and CEO, and bring in a new team experienced in diamonds and with skills complementary to his own. He then delivers a final insult to Mr. Taylor’s crew, saying he feels Dunnedin’s efforts were “more about the board of directors trying to build a stock promotion than a diamond mining company,” adding that he believes the “science of what we have discovered shows we have a world-class diamond project.”
Presumably he means the science of what Shear Diamonds Ltd. discovered in the mid-2000s as that now defunct company was responsible for the discovery of the narrow but rich Kahuna, Notch and PST kimberlite dikes. Shear never completed a resource estimate based on its work but Dunnedin did, declaring a 3.1-million-tonne inferred resource at Kahuna, averaging 1.04 carats per tonne, with another 921,000 tonnes inferred at Notch, averaging 0.90 carat per tonne. (PST, the smallest and richest of the tree dikes at 2.18 carats per tonne, does not have a resource estimate as yet.) Ultimately, whoever holds control of Dunnedin next year will have to raise several million dollars to advance Kahuna in a meaningful way since a lot of drilling and bulk sampling will be needed to prove or kill the project.”

Allan Barry (who is not a geologist nor an engineer nor a qualified financial analyst, but sure likes to pretend to be all three for his audience of neophyte innocents) is so keen on hunting out bullshit stock promoters? He should look in a mirror.