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I got turned onto this by reader PK a while ago, very catchy modern piece:
The biog of Karl Jenkins is interesting stuff too, I knew precious little about the guy until late last year but thanks to Spotify I'm getting into his work quickly. Recommendations for those of you who'd like more include the full length piece 'Palladio' (which includes the above). 'Sarikiz' (concerto for violin and orchestra), 'La Folia' (concerto for marimba and strings, which for what it's worth is coming out of my speakers as I write these words) or his album 'Quirk', as well as his better known works such as 'Adiemus' or 'The Armed Man'.
"Yesterday saw purchases of 4.166 tonnes into the SPDR gold ETF and a relatively massive purchase of 3.87 tonnes into the Gold Trust. The holdings of the SPDR gold ETF are now at 645.131 tonnes and at 156.42 tonnes in the Gold Trust. These two purchases confirm a change in attitude towards gold by U.S. investors."
*Or Lawrie to his friends and as I have no friends, Lawrence.
All the proof you need:
PS: I have no problem in admitting that all this BTO selling has me scratching my head. It's clearly driven by a New York seller, though.
UPDATE lunchtime: And down and down and down again.
It just bounced of U$0.91 (!!). I own plenty, it's getting tempting to own a bit more. Catch another falling knife?
UPDATE 2: And under U$0.90! Impressive. Watch out anal ysts, The Clive might be ready to punch somebody if this continues...
Production slightly light but acceptable.
2016 guidance solid.
The 144 Gap zone starting to gain traction.
Plenty of clues on costs.
Q4 will most probably be anothet modestly profitable period.
What with stock's recent market-fave status, price reaction today will be interesting to follow. Betcha it gets support once the post-open is done with.
Bottom line: In line.
...we'll be taking time to do two main things:
1) Explaining why B2Gold (BTO.to) (BTG) is an excellent risk/reward bet going into its production news release due next week.
2) Explaining why Focus Ventures (FCV.v) has been way oversold this week and is a great bet at its current level.
Other stuff too.
Eldest daughter's birthday. Will be back tomorrow evening.
UPDATE lunchtime: LSG.to has now done 8m+ share volume and is on track for a multi-year volume record. Don't say you weren't warned.
Nice to see you naming your sources, guys. Not.
This from today's "Scotia Scoop" thingy:
"Scotia Mining Sales this morning noting that Tahoe Resources is set to kick off the year on the right foot with good news coming out of the company’s newest gold mine, Shahuindo, located in Peru. First of all, we’re expecting the company to announce first substantial gold production from the mine in the next couple of weeks – rumour has it that the company has actually already “technically” poured its first gold from the operation (and before Christmas to boot!), however the amount was miniscule enough to not make a big deal about it (ie. a major press release)."
1) On Tuesday IKN breaks news that should have been broken by the company
2) All the brokerages read the IKN post and immediately speed-dial THO HQ
3) Kevin, Ira and all their friends cover their embarrassing tracks by telling the callers the first pour was "miniscule" (sic) and "not worth mentioning" (which is total bullshit of course, it was a sizable pour and 100% material)
4) On Wednesday the lapdog sellside community fall into line.
PS: By the way Scotia, it's not "miniscule", it's "minuscule". And don't bother me about the frequency argument either, ok? The disadvantages of a classical eddycation, innit.
UPDATE 10:45am local time.
IKN December 27th, in prediction number 6 of the "ten random predictions for 2016" post:
6) Venezuela's government to implode. Maduro won't be President this time next year. It's likely to be very messy too. Venezuela has been the butt of annual "teetering on the brink" type of op-eds and articles every year for the last ten years with the right-wing press getting it wrong every time, but this time around things are obviously deteriorating and the opposition victory in the December elections just gone is a telling moment. Oil prices where they are could be straw that breaks this camel's back as China won't be so quick to bail them out this time. I don't know whether the PSUV party will fall from government, but the call is "govt implode" and "Maduro out", that's the thing.
Ten days later, on January 5th in Caracas Venezuela:
In its first day with majority power in Venezuela’s legislature, the opposition coalition of parties Tuesday threw down the gauntlet before socialist President Nicolas Maduro, saying it would try to legally remove him from power within six months.
The declaration from new National Assembly President Henry Ramos Allup came at the end of a raucous day during which opposing sides exchanged catcalls and in which the socialist faction led by former assembly President Diosdado Cabello left the hall en masse before adjournment.
“We will recover our autonomous power, pass laws of amnesty and national reconciliation and look within six months for a constitutional, democratic, peaceful and electoral means of ending [Maduro’s] administration,” Ramos Allup said in his address to deputies. Continues here
UPDATE: Reader LF sends in this link, which is simply wonderful. It's a video of Ari Sussman at an investor event dated November 2015 saying that CNL.to (and to quote the lying piece of excrement):
"...is cheap, really as a direct result of our change in permitting strategy. A lot of people misinterpreted that, that there's a complication in permitting in Colombia, that is not the case at all....this is the result in a change of strategy which ultimately resulted in a delay."
Class action, anyone? Thank you LF.
...copper. All about what it's been doing so far in this youthful year of 2016:
Bottom line: Smacks of market BS to me. As you were, people.
Because "sponsored coverage" is the innovative leading edge of the internet disruption of mining sector business, folks. Oh well, another trade journalist about whom Frank Giustra will never have to worry again.
So it goes.
PS: Turns out McFeat is Scottish, a place that really knows about food.
This translated from this in El Colombiano, dated December 29th:
The other side of the coin"...this newspaper consulted the director of Corantioquia, Alejandro González Valencia, who answered that even though the permit application was presented on December 23rd 2013, the mining company only handed in its complete environmental impact study (EIA) on 24th June 2014. He added that on January 5th 2015 a resolution was emitted with 63 observations (requirements) that had to be complied with by the company, which replied on April 8th 2015. Finally, on September 11th 2015 the environmental impact permit modification was denied (by Corantioquia)."Easily, of the two years that this process took, half of it is the direct responsibility of the company and the other half the time we took evaluating a licence that asked to move from processing 60 tonnes per day of material to 2,000 tonnes per day", the functionary said.In broad terms, Corantioquia argued that the licence was denied for hydrogeological reasons (more water was being released than the estimated), non-conformity with the management of the surrounding tropical woodland area and inadequate compensation to biodiversity"."Many times the delays in environmental permitting are due to information presented (by the solicitant) that is not complete", said González.
"The Loan Agreement amendment also required that, prior to December 31, 2015 the Company would complete an equity and/or subordinated debt financing transaction for proceeds of US$20 million".
"If the Company does not complete the 2016 Financing by April 15, 2016, all amounts outstanding under the Loan Agreement will be immediately due and payable by the Company and Red Kite will be in a position to exercise all remedies available to it under the Loan Agreement and related security agreements."
"I've never seen it this bad""Majors have really cut back""...only ten percent (of juniors) have the cash to do something""...geologists saying there's no point in exploring any longer""...I think it's gotten so bad...that we've seen the worst"
PS: Gary does Otto does Brent does BNN, because I'm feeling silly. Here.
"A Briton working at a gold mine in Kyrgyzstan has been detained and faces up to five years in jail for comparing a local delicacy to a horse penis, according to authorities."Police detained Michael Mcfeat, an employee of the Toronto-based Centerra Gold, after he posted the comment on Facebook, which caused a temporary strike at the mine, an interior ministry spokesman said on Sunday."