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The IKN Weekly, issue 410

IKN410 has just been sent to subscribers. This one came out quite well.

Colombia news: Locals really really don't like AngloGold Ashanti's (AU) La Colosa project

Here's the link, here's a translation:

The inhabitants of the municipality of Cajamarca, on the West side of the department of Tolima, voted this Sunday to say No to gold mining in its territories. In this way they have opposed the La Colosa mining project owned by the multinational AngloGold Ashanti.

The bulletin number 10 of the national electoral body stated that the No vote had won with 97.92% of votes, i.e. 6,165 votes. For Yes there were only 76 votes. There were 41 blank votes and 14 annulled votes.

Since 8am this morning the 18 voting locations were open across the municipality, with a total potential number of voters of 16,000. The result of the vote now obliges the municipal council to adopt the necessary measures to prohibit mining in its territory.

Joy of joys! A new edition of Global Mining Observer!

Hoorah, pip pip and top hole old sports, the intrepid AW has regaled us all with another GMO.

Check out this, "Who is The Angry Geologist?"

And this, "Carving Up Anglo".

Both of those are way too cool. Go read.

Neymar's goal

Paulinho scored three of the four as Brazil whupped Uruguay 4-1 in Uruguay last week but the outstanding goal was the other one, scored by Neymar. Take a look:

It's when they make it look easy that you stop and stare. A total peach. Youtube here and by the way, the good news for world footy and the Russia 2018 World Cup Finals: Brazil are back, the Scolari years are just a bad memory and they're now looking very good indeed.

Dear Stan Sudol of Republic of Mining

On perusing the back office stats a few minutes ago, I noticed that one Stan Sudol, the person behind the website Republic of Mining (no, there's no away I'm linking you through) has recently signed on a subscriber for the IKN free daily mailer. Therefore here follows a message that's been lovingly tailored for Stan and Stan alone.

Dear Stan

Fuck the fuck right off Stan Sudol, you and your worthless website that just scrapes content off other people and gathers all the clicks for itself. Don't you even think of ripping off IKN like you do other sites in your desperate attempt to fill your parasitical den of plagiarism with content. The day that Reuters, Bloomberg, Globe & Mail, Mining Weekly and every other channel you cheat out of traffic slaps a cease and desist order on your sorry, freeloading ass will be a good day for the internet. Fuck the fuck right off and never come back to IKN.

Love, Otto.


The Angry Geologist explains S.H.I.T. Intercepts

Pretty damned wonderful post from my favourite blogger. This bit...

The nice thing about SHIT intercepts is that for the FAG (the Fraudulent Angry Geologist) they give you an opportunity to pad your PR with some MAXIMUM IMPACT (tm) BS, by letting you:
  • Report a nice high-grade SHIT intercept - everyone loves those
  • As a bonus you can call it a new "structure" - have some fun, name it after your girlfriend
  • Even better - as you only have a single hole, it is "impossible" to calculate a true width, because, you know, GEOLOGY!!! my introduction to the word 'chimping' right afterwards, made me laugh so loud it scared the dog. Go see for youself right here.


Everything Is Awesome!, Santacruz Silver (SCZ.v) edition

IKN quotes Arturo Préstamo, Pres/CEO of Santacruz Silver (SCZ.v), in today's 4q16 production report:
"We are excited to see the results of our efforts over these past months coming to fruition..."
Bless his heart. Here's the last six quarters of production at its main Rosario mine:

And oh yeah, there was this as well. You need to scroll down quite a lot under those boring tables full of numbers, but when you do...
Management Change
The Company advises that it has appointed Dante Rodriguez as Interim Chief Operating Officer, replacing Cesar Maldonado as COO.  Mr. Maldonado has agreed to remain as a consultant to the Company.  The Company wishes to thank Mr. Maldonado for his valuable contribution to the Company during his tenure as COO.
Mr. Rodriguez has most recently held the position of Vice-President, Exploration for the Company's wholly-owned subsidiary, Impulsora Minera Santacruz, S.A. de C.V. see the COO has been fired but hey, fergeddaboutit. Everything is awesome in junior world. Everything.

Dear Keith Barron, it's "las" manos, not "los"

If you're going to fake knowledge of Spanish, Keith, fake it right. From here:

“For any geologist, putting this kind of historic narrative together with good geology is very, very compelling, and it’s incredibly fun to be doing it,” he says.  “It’s like a dream come true. At the end of the day, I don’t know what we’re going to find, maybe nothing. It’s in the hands of the Gods — Los Manos de Dios — but all the indicators are there, and, as exploration geologists, this is what we do. We work on hunches, we sift through evidence, and sometimes we work with historical narratives, as well.”

The Friday OT: BT; Tripping the light fantastic

Not the first time it's been the Friday OT. But that's not my fault, I'm powerless to resist.

A couple of people close to me know how this thing has turned into a full-blown obsession. Brian Transeau (BT) at his zenith and here and now, 22 years after it was recorded, still sounds way ahead of its time. Amazing sounds, play loud don't spare the woofers, it's the all-time definitive trance track.

Tr-i-i-i-i-i-p hey yeah
Tr-i-i-i-i-i-p hey yeah
Tr-i-i-i-i-i-p hey yeah
Tr-i-i-i-i-i-p hey yeah

Youtube here.

In The IKN Weekly this Sunday...

...a new reco on an overlooked and compellingly valued gold mining company. Just the way I like 'em in fact, I plan on being in early on a stock that could do nothing for a few months and then zoom very very high. Or to quote Rick Rule:

"It’s important to measure whether you have the financial and the psychological strength to be early. But the truth is the contrarians—successful contrarians are always, always early."

See you Sunday for IKN410, subbers.

The Alset (ION.v) scam: You have no further excuses...

...under the long-tested adage, "Fool me once shame on you, fool me twice shame on me". Anyone stupid enough to walk headlong into this obvious pumpjob after what we saw yesterday...

...a price and volume spike on "news" that the company has received its drilling permits*, deserves everything they get from following companies run by unqualified scam runners like the ridiculous lip-flapping moron Allan Barry. Seriously, if you can't see what's going on just by looking at that chart and harbour even the minimal inkling that Alset (ION.v) offers you a trade potential, you need to walk away from this whole sector immediately and never return, for the financial sake of your children. Do Not Feed The Animals and be very clear, the people running this scam job, i.e. the Stares brothers and their lumpenprole useful idiot Barry, are prime examples of the animals to avoid.

*Top tip for greenhorns: receipt of drill permits has never been, is not and will never be market-moving news. It's what juniors are supposed to do, because the only other alternative for an exploreco to receipt of permission to drill is a one-way street to nowhere land.


Hard-working junior mining CEOs, Mark Moseley-Williams edition

You can tell how seriously Mark Moseley-Williams takes his job as head honcho of Eco Oro Minerals ( His company...

1) currently facing a shareholder revolt and legal actions up to its wazoo
2) in international tribunal dispute with Colombia
3) ...has failed to do a single thing of worth since his arrival

...and his reaction is...

That's from Mark Moseley-Williams' Facebook page. Looks like he could do with laying off the pies, too. Take it easy on the fruity rum punches there, Mark.