Tuesday, April 1, 2014

Msg. Rcvd.

My message was received and does not have to live in infinity, which opens the next subject:

Social Media + Internet = Public Domain.

I am not the mortality police nor do I wish to be but I am going to express my opinion  in a public domain about something that was posted in a public domain.

There is an unspoken rule in society that we do not glorify tragedy, it is abide by all. When that rule gets broken very few step up and speak out. Most people want to conform, be accepted, not rock the boat, be part of the heard, it is the ones who draws the line is where change happens.

I don't know when the moral compass got smashed and as a society with a smart phone and a camera, we have to document everything we do and see then be the "First" to post it in a social media format.

Do we do it to draw attention to ourselves? So that we can get 50 "Likes" or to read the "LOL" "OMG" comments afterwards? What has compelled us to cross this line?

I was told that you had to take the bad with the good and you are right I do have to take the bad with the good and I am going to comment on the bad as much as I am going to like the good.

You know, when first responders arrives at a car accident and there is a fatality involved they respect the fatality and drape a cloth over the victim. It is done out of decency and respect for the victim and the families. The 6:00 news has the decency not show resurrection attempts during broadcasts, there is no rule that says this is the way it is but there is an unspoken moral code of conduct that is generally accepted in society.

Outside of atrocities, death is a private matter, we do not crash funerals, we do not take someone else's loss and use it for our gain. The passing of someone is a private moment, is a time of grief, sorrow, loss and love not something that needs to be filmed, uploaded and broadcasted.

My dad died of a heart attack and I did not film his final death rattles and post them on the internet, nor did the nurses or doctor. My step father passed after a battle of cancer and there was no final death throws captured.

As a society we have to be respectful of  private moments and as such these moments must stay private.

Monday, March 31, 2014

Junior G&A expenses

Only thing missing is snorting coke off their asses.

Barksdale Capital Corp. and its former chief executive officer, Kent Couillard, are defendants in a lawsuit filed in the Supreme Court of British Columbia by a former adult dancer who claims that Mr. Couillard took her money for a purported investment and did not completely return it. The woman says that her investment was supposedly worth $60,000 at its peak, but all she received was $2,500. She claims that Mr. Couillard had guaranteed that she would "make a lot of money."

The allegations are contained in a notice of claim filed at the Vancouver courthouse on March 5, 2014, by Lesley Taylor, who identifies herself as former dancer who worked in "adult clubs." She claims that she met Mr. Couillard in 2007 or 2008 when he attended adult clubs where she and her friend worked as dancers. Mr. Couillard was romantically involved with Ms. Taylor's friend, the suit states. According to the suit, Mr. Couillard represented himself as an educated, successful, knowledgeable and wealthy investor.

Friday, March 28, 2014

Friday, March 21, 2014

Goldcorp punts the ball further

But not higher. Now this is getting tiresome. Perhaps Goldcorp feels the price of gold will collapse back down to Goldman Sachs $1050 call and then Goldcorp can mop up all those shares at $6.68 by April 4th?

 Goldcorp Inc. has extended its offer to acquire all of the outstanding common shares of Osisko Mining Corp. until 5 p.m. ET on April 4, 2014. Osisko shareholders who tender to the offer will be entitled to receive 0.146 of a Goldcorp common share plus $2.26 in cash for each Osisko common share. All other conditions remain unchanged. A notice of extension will be sent to Osisko shareholders by Goldcorp in due course.

Because they did not up the ante maybe they are telegraphing that this sector is now fully valued or over valued.

PSDave asks: Would you buy this stock?

The President was abruptly let go, their Chlor-alkali market is getting under cut by the Chinese, their Sodium Chlorate business is stable, their dividend payout ratio is 130% and their oil to rail loading station went over budget by $200 million which caused them to issue tons of debt and equity. Which is still not running at 100% capacity until the fall.

I already did, the bad news is all there. I even bought the October $5.00 calls at $0.30 for added leverage.

Thursday, March 20, 2014

How is that Bull running?

A quick check in to see if I have a chance to get rid of three mining deals in sheltered accounts in this current "Bull Market" in miners?

Timmins Gold....Dooohhhh! Looks like a support line got broken and is that a lower low I see?

How about the 1000 shares of RIO that is kicking around?

And embarrassingly long Santacruz Lead/Zinc Silver, which I might add may never see the light of $1.75 again.

Look like the next round of Doooom might put enough fear into the gold trade so that I can get rid of at least one stock.

Tuesday, March 18, 2014

Monday is D-Day

Monday, March 25 should prove interesting for the miners as the Goldcorp/Osisko game plays out.

Does Goldcorp up the ante or do they walk from the deal. As of today Goldcorp is offering $6.78/share for Osisko (0.146 x $31 + $2.26) and Osisko is trading at $7.73/share. At today's price another $450 million to the pot for Goldcorp to be successful.

If Goldcorp walks does that signal the end of the mini value rally we have seen since December? Does it say that the good/opportunistic deals are done in the $1350 gold environment?

If Goldcorp walks do they kneecap the market speculators in all the other potential takeovers?

Does it signal that this market is now too expensive?

From my experience once one is engaged in the bidding process the emotions take over, if Goldcorp ups the bid then they are emotionally attracted to the deal. If the Board of Goldcorp walks then they have let business sense trump their emotions.

Monday should be interesting.

Santacruz Silver updates us

Santacruz Lead/Zinc would be more fitting.

I still have a bunch of Santacruz Silver on the books and it looks like the post tax loss relief rally went right past SCZ.V and I will be long, longer.

There is some cash flow, growth, cornerstone, accelerate, accomplishments speak in the news release.

This is all you need to know.

Production Table (December 2013 and Jan 2014 production results):
Production Production
December 2013 January 2014
Ag Ounces 18,329 31,525
Au Ounces 31 63
Lead (lb) 74,911 132,142
Zinc (lb) 161,700 292,030
Ag Equivalent Ounces 27,439 55,449
EqAgOz=(Au x Pau/31.1035)+(Ag x Pag/31.1035)(+(Cu x Pcu x 22.05)+(Pb x Ppb x 22.05)+(Zn x Pzn x 22.05)
Metal Prices: Ag $19.9064, Au $1,244.8, Pb $0.965, Zn $0.925

That is a lot of lead/zinc, anyway no update on the cost per ounce. I wonder if Santacruz is getting hit with any lead content penalties when they ship the Dore bars off to the refiners?

Thursday, March 13, 2014

Everyone is a sophisticated investor

The Junior's can issue treasury stock to everyone now. Time to crank up the boiler rooms with the existing shareholder list.


The second condition could see investors stop suing their broker for losing money and going after the directors. Better sharpen up those 43-101's.

In order to acquire securities under the exemption, an existing security holder must confirm in writing that they are a security holder of the issuer. This limits use of the exemption to investors that have already made an investment decision in the issuer. Other key conditions designed for investor protection include:
  • Unless an investor has obtained advice regarding the suitability of the investment from a registered investment dealer, the aggregate amount invested by the investor in any one issuer in the last 12 months under the exemption must not be more than $15,000.
  • The investor will have rights of action in the event of a misrepresentation in the issuer's continuous disclosure record.