Do aliens Reside on Earth in the Guise of Human Beings?
Total Voters: 31
Loading ...After all these years of pain we’ve endured with these shares, it’s a wonderful thing to see shorts panicking for a change.
Really amazing how the shares are performing even with the metals down a little and the SM down.
The shares used to predict future direction…
remember JOE STALIN and Adolph Hitler were both Socialists …Hitler was National Socialists Party (NAZI)….You Liberals still want to vote for a Socialist ? Dont delude yourself that todays Socialist is different ..they get power then evolve ! ALL of them !
all the metal miners indices green
all the broad market indices red
red and green! just like christmas!
i like that
anybody doing business in Africa needs to learn from Anglo years ago when Communist Mandela was threatening ..the big Miners simply BORROWED Gold from Central Banks ,about 20 years worth of production and SOLD it ..Then moved the money out of S.Africa …The Banks then had a LIEN on the Mines future production to be paid in GOLD Bullion…!(not paper like Zimbabwe) ….NOW if they tried to confiscate all financing would end including payroll money ….SO that stopped the Communist confiscation. The mine owners moved the risk back to the Politicians and left with the money for a more friendly place.
THATS WHAT STARTED THE SHORTING OF GOLD ,WORLDWIDE ..ANGLO SOLD WHAT WASENT MINED YET …A SHORT SALE !
Gold to follow??
Three more things about IKN’s Tahoe Resources (THO.to) (TAHO) / Lake Shore Gold (LSG.to) (LSG) deal talks exclusive
http://incakolanews.blogspot.com/
Posted at IKN yesterday:
Tahoe Resources (TAHO) (THO.to) in late stage talks to buy Lake Shore Gold (LSG.to) (LSG)
All you really need to know is in that title, the rest of this scoop post is just a few details and then a special message for Kevin MacArthur.
But indeed IKN can confirm that Tuesday this week saw a visit by a whole busload of Tahoe Resources (TAHO) (THO.to) people to the head offices of Lake Shore Gold (LSG.to) (LSG) which just oh so coincidentally happened to be a day on which the whole of the LSG board of directors were there. The happy people from both companies then set up camp in the LSG boardroom for a few hours and even had lunch together, which I’m sure was nice and tasty. What we now understand is that the talks are at the stage where the only question left on the table is the final price for a friendly deal (by the way, THO wants it to be all-paper).
I’ll leave it to LSG and THO to issue one of those “we don’t talk about that kind of thing” denials-that-are-not-denials. But LSG, THO and IKN all know that the above is 100% true.
And to round off, here comes that special message for Kevin MacArthur: My stars man, you’re lost back in the 1980’s aren’t you? Your company is the single worst miner I’ve ever encountered on the question of corporate governance. First you refuse to admit the workplace death of one of your Guatemala employees (which you still haven’t admitted three months after the fact but you have to put it in the 4q15 and YE M&A by law, don’t you Kev?), then you deny Shahuindo had poured first gold on December 22nd and then when you’re rumbled say it was a “minuscule” amount when it was over 1,000 oz, and now you think you can have a whole bunch of your top management team stroll into a fellow mining company and not be recognized by anyone hanging round the lobby? Your “secrets” are blown in Guatemala, in Peru and now in Canada and you think the problem lies anywhere else than at your own doorstep? Have you ever heard of the internet, Kevin? Have you ever considered that your company mail system might have been hacked, Kev? You think you don’t have enemies at Goldcorp, Kev? Do you think that your arrogant pig-headed attitude towards people comes at zero cost and the people around you right now in your office in Reno aren’t fed up with the way some of them have been treated and take pleasure in sticking it to you by ratting on you to a pissant blog?
One final thing Kevin: As a shareholder of Lake Shore Gold (which I am, full disclosure) it would be in my own interest to see you come to a deal and buy out LSG at a higher price, in the near-term at least. But I’ll tell you now, I fervently hope that this post that blows the whistle on your zero-secret M&A ego-trip ambitions helps the deal fall through (seriously, getting Tanya to puff-piece THO in the Scotia mailer on Wednesday and send Makuch the not-so-subtle message was a mega-hoot). And why so? Because LSG is a far better run company than yours and needs no intervention from an inferior level management team to keep growing and adding true value to my investment. I’ll be happy to hold LSG for the long-term and watch it create real value, instead of seeing it being bought out by you and watching all value disappear when the Guatemala end of your creaking empire implodes through political scandal and legal actions.
UPDATE: IKN is now getting a whole bunch of hits from Reno Nevada, including the THO offices and Maupin Cox Legoy legal beagles. Hey, wonder why that is?
Doesn’t look like we’ll get down to HUI 125 but as you say, when Europe goes home the boyz have things all to themselves.
I just noticed that oil turned slightly higher. Doesn’t seem to be helping the SM yet though.
HUI looks like it wants to go positive. As you say it’s a fight but there is still good momentum behind us for now.
That’s a real change in sentiment.
should have bought business interruption insurance from an outside company ,like MUX did in Argentina when the political risk was high.
Simply sharing revenue with local Government is not sufficient insurance because they may not be rational and sharing with them makes them think they can have it all ! Look at S.Africa ! You must get Banks and Insurance on your side so any attempts to confiscate brings a threat of a cut off of any future financing for anything.
Tanzanian Royalty’s Subsidiary Tanzam Provides Notice of Force Majeure Under Agreement with STAMICO (State Mining Company), Owned by the Tanzanian Treasury
TORONTO, ONTARIO–(Marketwired – Feb. 5, 2016) – Tanzanian Royalty Exploration Corporation (TSX:TNX)(NYSE MKT:TRX) (the “Company”) announces that its subsidiary Tanzam has provided notice of Force Majeure under its agreement with STAMICO, owned by Tanzanian Treasury. This notice of Force Majeure is based upon the invasion and forced occupation by several hundred illegal miners of our mining properties including the South Pit and other areas within the Buckreef site, thereby endangering our team and preventing Tanzam from continuing its mining operations. This continuing intrusion into our mines now at night is well known to the government authorities, as are the active illegal mining operations taking place right on our border. We ordered our security force to stand down in order to prevent a more serious confrontation. This event, we believe, may have been incited by an energetic speech made in the local village by the Deputy Minister of Energy and Minerals stating that land would be given to the artisans for legal mining within 14 days. On the 15th day the large invasion took place. Our decision to act was to protect the assets of our stockholders and put a stop to these actions which do not respect contracts or due process of law.
Invasions are continuing by stealth and at night.
We are way o/b short term and Hui cud easily drop back twds 125 or lower in just a healthy pull back etc….
To me I see weakness in NEM and others, which was around ystdy and that was the signal for tdys attack and now they are defending 1150 with everything…also Europe goes home soon in 40 mins or so, that’s when the Scum have the mkts to themselves.
Hope I’m wrong…any way I wud love to buy more basis 125 Hui…
It sure is one hell of a fight though.
”
Here is some news.
Or rather a rumour from reliable sources.LSG and Tahoe Resources are in talks for a friendly buy out.I know a lot more but dont say i didnt do you any favors! Why do you think ilovetojumpem showed when he did? Look at our history. We only do winners!”
Read more at http://www.stockhouse.com/companies/bullboard/bullboard/t.lsg/lake-shore-gold-corp#RzBrK88ZBFYhAlEW.99
on the very weak jobs report-and gold is down because of the “strong” dollar
Welcome to the “Alice in Wonderland” U.S. financial mkts–which, after exhaustive forensic analysis by Trader Dan-Martin Armstrong and many others, have been found free of government and Wall St steering and manipulation
Well, I didn’t start whining until Wanka started in with his “THIS IS IT !!” comments Because I knew that was the kiss of death! 🙂
Metals are on lockdown as you say but really not all that bad.
I have gut good gut feeling about today….oh wait! 🙂
Maybe the metals intend to turn higher?
Really good action.
there aint no whining allowed in this here Gold House Jail. ( I see they have Gold on lock down this morning. Grrr)
Besides, being a grown man I want you to know I never Whine. But now complaining is perfectly acceptable for us old farts. Fact is, that’s what we do best ! Thanks for making the coffee, but now I got to go find something new to complain about. Probably should take a nap first though.
It’s not too late! 🙂
Hard to buy something going up so fast. A pullback would seem warranted … as long as something else isn’t going on. GG sniffing around? Drilling results leakage?
I know! Lakeshore looks great!
Wish I owned some. Yikes.
Yep. I think it will grab some attention too. I’m not sure what you’re seeing but I’m thinking we may not see the devastation today that we might normally see.
I’m no T/A guru like Wanka, but I’d sure like to see gold close above $1150 and the HUI above 135.
I think there’s a fair chance this is a minor pull back. JMH and usually wrong opinion.
