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You may want to avoid rural areas of Northwestern Mexico in the next few days. This news via AP:
UPDATE 2: The Mex Files reports, live and direct from the arrest ground zero city of Mazatlan.
Was reminded of this today...
Just about the last decent thing The Heads squeezed out of the group before disintegrating entirely:
Top vid, too.
Overheard in a brokerage in Canada, early this morning:
Person: You see the CUM quarterly last night?
Person's Boss: Yeah, sucked as usual.
Person: Ok, we're on the same page. So this time I get to tell the truth?
Person's Boss: Are you out of your mind? We have all those bot deal papers to get shot and they're still under escrow!
Person: Oh, c'mon, it's six quarters in a row now! All I ever get to say is "Disappointing quarter, but the company is improving operations and things look better this quarter".
Person's Boss: Yup, which is exactly what you get to say this time too. Look at the other NR
Person: I saw it. Secondary crusher, whoop de doo. Those the same people that installed the grate?
Person's Boss: Hey, since when did you think it's about being honest, anyway? We're here to make profits, not friends.
Person: It's just that I get so...
Person's Boss: Enough already! STFU, sit down, write the jam tomorrow stuff. Once those buck seventy shares are out of hold you can write what you want. If your heart's still bleeding come Q1 you can be all 'honest' about your analysis, ok?
Person: Seriously? About how that grade will never make...?
Person's Boss: Yeah yeah yeah, whatever you want.
"2013 was a positive year for our Company, notwithstanding the lower silver price environment." said , President and CEO.
Net loss of , or per share, in the year ended , compared to net earnings of or per share in the year ended . The lower net earnings in 2013 are principally due to pre-tax impairment charges and inventory write-downs of .
PS: And no, it's not just SSRI. By way of just one more example (from several on offer), a few of us here in the backrooms had a jolly good guffaw and chortle over Kinross's (KGC) (K.to) 4q13 NR a few days ago. That one included J. Paul Rollinson CEO stating...:
"Operational excellence, combined with a focus on financial discipline and a strong balance sheet, underpinned Kinross's solid performance in 2013.And also some numbers :
Reported net loss (3): $740.0 million, or $0.65 per share, compared with net loss of $2,984.9 million, or $2.62 per share, in Q4 2012. The Q4 reported net loss includes an after-tax non-cash impairment charge of $544.8 million, primarily comprised of property, plant and equipment at Maricunga. Full-year reported net loss was $3,012.6 million, or $2.64 per share, compared with a net loss of $2,546.2 million, or $2.24 per share for full-year 2012. Reported net loss for the full year also includes an after-tax non-cash impairment charge of $2,289.3 million, previously reported on July 31, 2013.
When he writes this:
"...did reconfirm that he will personally foot the bill for the company's next 12 months of exploration if the drill results don't warrant a private placement at a price he is comfortable with."It means this:
"Sell"Well, in fact it'll be "This is a great buying opportunity" in his next update, but y'know....details...
This is what they wrote:
MOUNT PEARL, NEWFOUNDLAND--(Marketwired - Feb. 20, 2014) - Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSX VENTURE:CGP)(CTNXF)(GWN.F)(GWN.BE) announces the following project update for the Stage 1 drill program at the Alpala prospect within the Cascabel Project at the Company's copper-gold porphyry exploration project in northern Ecuador.Highlights:
References to figures related to the version of this release on the Company's website (www.cornerstoneresources.com) or visible in PDF format by clicking the link below:
- Strongly visible porphyry copper sulphide mineralization continues to current hole depth of 1303.5m in hole 5. Copper-rich sulphides include chalcopyrite, bornite and chalcocite as fine to coarse grained disseminations and in veins with magnetite.
- Strong correlation evident between magnetite content, magnetic characteristics and copper sulphide contents enabling correlation between the three dimensional Alpala magnetic model and copper-gold porphyry targets.
- Drilling to continue to sooner of 1500m depth or end of copper mineralization (1500m depth expected to be reached in 10 days).
- 324m of core dispatched for urgent assay. Results expected within 14 days.
- Large size and strong copper-gold porphyry system indicated with over 1300m of near-continuous visible copper sulphide mineralization and classic porphyry system geological features.
Brooke Macdonald, Cornerstone's President & CEO, commented that "the deepening of Hole CSD 13-005 continues to show strong alteration and mineralization. The size and intensity of the alteration and mineralization processes are very impressive. To our knowledge, this hole is the deepest mineral exploration hole ever drilled in Ecuador. Other very significant indicators of the huge potential of the Alpala target are the distribution of copper over the entire present length of the hole (to date at 1303.5m), the close association of gold to copper of the gold-enriched porphyry mineralization, and the strong correlation of magnetic minerals with gold and copper mineralization opens large and new areas to explore as outlined by the 3D magnetic model.From an economic viewpoint, the Cascabel project is very well located in northern Ecuador, accessible by a paved road from the capital city, linked to the Esmeraldas large port facility by a 222 km paved road, available electrical power (8 hydroelectric plants under construction) and Ecuador will be exporting electricity surplus by 2017. It is assumed that the old Ibarra-San Lorenzo (small port city 96 km west of Cascabel) railroad crossing the northern part of the concession could eventually be rehabilitated to service the project if needed in the future."Drill Hole CSD-13-005
CSD-13-005 was sited to test the depth and lateral extent of bulk-style copper and gold mineralization encountered in holes 1 and 2 at the Alpala prospect. Copper and gold assay results have been received to a depth of 869.68 metres as reported on January 14th. A strong relationship between copper and gold mineralization and magnetic character is indicated to date.Hole CSD-13-005 resumed drilling from 869.68m depth on January 28th. On February 10th, the Company announced the observation of coarse-grained chalcopyrite mineralization from 869.68m to 1106.80m depth. From 869.68m to 1106.80m the hole intersected potassically altered porphyry style rocks with intense potassic alteration and veining ranging between 10-30 veins per metre, with variable fine to coarse grained copper sulphide fill and disseminated copper sulphides (chalcopyrite, bornite, chalcocite).As of February 19th the hole has reached a current depth of 1303.50m and strong copper mineralization has continued to be encountered to the current hole depth of 1303.5m. This latest extension to Hole CSD-13-005 continues to encounter coarse grained chalcopyrite mineralization in sulphide-rich veins ('C'-veins) as well as widespread disseminations of chalcopyrite, bornite and chalcocite (see Figures 1-7). Magnetite and anhydrite, which also characterize the potassic zone of porphyry systems, continue to be observed in this interval.Figures 1 to 7 are photographs of mineralized core at select intervals between 1108m and 1279.60m depth.A total of 324m of samples (from 869.68m to 1194m depth) have been forwarded to the assay laboratory for priority assay.
Hole 5 will continue to be drilled until the sooner of either when 1500m depth is reached, or when copper mineralization is observed to significantly diminish.About CascabelSolGold Plc currently holds a 50% interest, and can earn up to an 85% interest, in Exploraciones Novomining S.A. ("ENSA"), the Ecuadorian subsidiary of Cornerstone that holds 100% the Cascabel concession.The Cascabel project is located in north-western Ecuador in an under-explored northern section of the richly endowed Andean Copper Belt, 60 km northeast of the undeveloped NI 43-101 compliant inferred resource of 982 million tons at 0.89% Cu Junin copper project.Qualified Person:Yvan Crepeau, MBA, P.Geo., Cornerstone's Vice President, Exploration and a qualified person in accordance with National Instrument 43-101, is responsible for supervising the exploration program at the Cascabel project and has reviewed and approved the information contained in this news release.Logging, sampling and assayingHoles referred to in this release were or are being drilled using HTW, NTW and NQ core sizes (respectively 7.1, 5.6 and 4.8 cm diameter). Geotechnical measurements such as core recovery, fracturing, rock quality designations (RQD's), specific density and photographic logging are performed systematically prior to assaying. The core is logged, magnetic susceptibility measured and key alteration minerals identified using an on-site portable spectrometer. Core is then sawed in half at Cornerstone's core logging facility and half of the core is delivered by Cornerstone employees for preparation at Acme Analytical Laboratories (ACME) affiliate laboratory in Cuenca. Core samples are prepared crushing 1 kg to 80% passing 2 mm (10 mesh), splitting 250 g and pulverizing to 85% passing 0.075 mm (200 mesh) (ACME code R200-250). Prepared samples are then shipped to ACME in Vancouver, Canada where samples are assayed for a multi-element suite (ACME code 1E, 0.25g split, 4-acid digestion, ICP-ES finish). Over limit results for Ag (greater than 100 g/t), Cu, Pb and Zn (each one greater than 1%) are systematically re-assayed (ACME code 7 TD1 or 7 TD2, 4-acid digestion, ICP-ES finish). Gold is assayed using a 30 g split, Fire Assay (FA) and AA or ICP-ES finish (ACME code G601).Quality assurance / Quality control (QA/QC)The ACME affiliate preparation facility in Cuenca was audited by Cornerstone prior to the start of the drilling program and ACME is an ISO 9001:2008 qualified assayer that performs and makes available internal assaying controls. Duplicates, certified blanks and standards are systematically used (1 control sample every 15 samples) as part of Cornerstone's QA/QC program. Rejects, a 100 g pulp for each core sample and the remaining half-core are stored for future use and controls.About Cornerstone:Cornerstone Capital Resources Inc. is a mineral exploration company based in Mount Pearl, Newfoundland and Labrador, Canada, with a diversified portfolio of projects in Ecuador and Chile, and a strong technical team that has proven its ability to identify, acquire and advance properties of merit. The company's business model is based on generating exploration projects whose subsequent development is funded primarily through joint venture partnerships. Commitments from JV partners constitute significant validation of the strength of Cornerstone's projects.
Further information is available on Cornerstone's website: http://www.cornerstoneresources.com/ and on Twitter. For investor, corporate or media inquiries, please contact: Investor Relations: Email: email@example.com North America toll-free: 1 (877) 277-8377Cautionary Notice:This news release may contain 'Forward-Looking Statements' that involve risks and uncertainties, such as statements of Cornerstone's plans, objectives, strategies, intentions and expectations. The words "potential," "anticipate," "forecast," "believe," "estimate," "expect," "may," "project," "plan," and similar expressions are intended to be among the statements that identify 'Forward-Looking Statements.' Although Cornerstone believes that its expectations reflected in these 'Forward-Looking Statements' are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behaviour of financial and metals markets, predicting natural geological phenomena and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our Forward-Looking Statements. Although Cornerstone believes the facts and information contained in this news release to be as correct and current as possible, Cornerstone does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views subsequent to the date of this news release. While Cornerstone anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the Forward-Looking Statements contained herein except where outcomes have varied materially from the original statements.On Behalf of the Board,Brooke Macdonald, President and CEONeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cornerstone Capital Resources Inc.
Toll Free: 1-877-277-8377
And this is what it means:
No assay results before PDAC
UPDATE: Through IKN's Merchant Banking Channels* comes the reply
Dear Mr. Rock,
I have been following the progress of your proprietary, cross-platform message relaying system adapted for modern use for all major internet access devices, including smartphones and mobile devices for quite some time now and must tell you I am very impressed. I'm proud to tell you that your incredibly innovative technology even allowed me to net just under $297.00 by shorting GORO a few months back. As such, I would like to make it clear that I would like to merge your company with ours and I am prepared to offer you $1,000,000,000,000 in Facebook common shares as well as $1,000,000,000 in cash for your company.
Please be kind enough to take a millisecond to think it over and please let me know of your decision poste haste.
* aka reader 'R'; thanks for the mail, man
**aka sez me man
...the gold/copper ratio:
Several reports appearing to wave copper higher these days, which is all wonderfu except for the way in which copper refuses to do so. Perhaps this is the chart JP Morgan and others are watching.
Semi-OT, interesting that the small drop in gold yesterday (wasn't much more then $10) caused that much havoc to the stocks. Pretty nervy out there.
Operating margin for the whole company in 2013 was $51.1m Operating margin from IMG's niobium ops in 2013 was $95.4m
The garimpeiro leaders also repeated their claim, while giving their words a tone of unquestionable truth, of the rumours that circulate intensely around Curionopolis which say Colossus has extracted a large quantity of gold from the mine and has sold it illegally."To the great surprise of nobody present, the company denied the accusations.
"In 2002, errors were committed...that time was a moment of high confrontation, a moment where errors were certainly committed by both sides. We have to make a difference between [the events of] April 11th, and those of April 12th and 13th. At that moment errors were committed because the country had reached a level of confrontation, of intolerance to which we should never have reached and I have asked God that we never go back and reach those levels [again]."
Leopoldo López allegedly has an arrest warrant out against him, and here is his response:
Late Thursday Lopez dared the government to arrest him.
“You don’t have the b---- to put me in jail?” He wrote Maduro on Twitter. “Or are you waiting for your orders from Havana? The truth is on our side.”It may well be that López would like to become a martyr, but acting like a teenaged bully is not a good way to achieve that.
Vivakor Nominated as Junior Minor of the Year by HEFFX and HEFFCAP
HENDERSON, NV--(Marketwired - February 18, 2014) -Vivakor Inc. (VIVK) announces that the Company has been nominated for the Junior Minor of the Year by HEFFX and HEFFCAP.Matt Nicosia, VIVAKOR'S CEO, stated, "We are honored to be nominated for such an award and we believe because of the Company's performance both with the expansion of the technology and stock appreciation, the Company will continue to create value for shareholders." continues here
Seriously, where do you start with these jokers?
UPDATE: Site friend and fellow blogger Abel kindly translates the above into Spanish and does a good job about it, too. His post has more on the Venezuela situation and, for those versed in the tongue of Cervantes, is worth reading
Hey, wonder why Richard Fifer decided to file yesterday Monday, while the fair country of Canada was kicking back and relaxing on Family Day and the markets were closed like a duck's sphincter? Well let's have a look at the balance sheet, shall we?
Ah, that might have something to do with it, eh Richard? And the P+L?
UPDATE: The NR on the quarter is just out. A real classic title too, translates as "what's that smell?"
The article below was one small part of IKN249, out yesterday Sunday. I liked the way it came out, so I'm sticking it up here too. Just for just's sake.
UPDATE: Oh rats and bother, it's already been pointed out to your humble scribe that "Majors need to replenish" has been repeated. So, any ideas on what to replace it with?
UPDATE 2: Suggestions already flowing (we may have to run a definitive version in a couple of days time). Likeables so far include:
"Rick Rule likes us"
"We'll fund it from cashflow"
"Bitcoin is a potential source"
"We're next door to"
"We're initiating coverage soon"
"We're close to an offtake "
"It's probably gonna be oversubscribed but I can cut you in"
"Louis James going to conduct a site visit"
*a night out with Iwnattos
Get used to the 13 handle people, cos 12 is history:
UPDATE: 100% agreement with this on gold price.
*still a dumbass today, just less in relative terms
IKN249 has just been sent to subscribers. It's pages contain the reasons as to why it's recommended to be long junior miners, and offers several handy suggestions along the way. Toodle pip, old bean
UPDATE: Apparently the trouble started in the early hours of the morning and has been going on ever since. "War Zone" is the phrase being used most often by locals. This link to a 1:43 min amateur video by a local gives a good idea of the chaos (and the noise).
UPDATE 2: Details starting to emerge. Apparently it all kicked off when local drugs gangs staged an early morning attack on a key underpass to the zone as part of a territorial dispute, police responded and the fun has been rolling on ever since.