Wednesday, November 19, 2014

The Christmas List so far

It looks like the lows have been set on the miners for the year and I would assume we are in the 30 day period before the funds can buy them back.

So here is what I picked up.

Timmins at $1.04.

SilverCrest at $1.63

Bellatrix at $5.13

Ikkuma at $1.37

And some High North at $0.21.

Golden Dawn Tells it like it is......

Give Wolf Wiese a one up for the following.....

Dear shareholders of Golden Dawn Minerals Inc.:
Since the second quarter of 2011, precious metal prices have declined with the ensuing result of the major mining companies, institutional funds and retail investors suffering from acute losses. Financing for junior resource companies has become a rarity with a few exceptions for juniors about to commence production. The outlook for precious metals and other metal resources is currently not optimistic. Nonetheless, juniors who wish to survive the current severe downturn in our industry must be flexible to find new ways to attract capital and create shareholder value.

Yes and by being "flexible to find new ways to attract capital and create shareholder value" is not by the following.

That's right, let's advertise on Craigslist.

Now let me get this straight if I buy a few ounces do you not have to hold my money in trust until the ounces are delivered or do you get free run with my cash and I get some sort of receipt?

Thursday, October 30, 2014

Christmas wish list updated

Further to my post on some possible tax loss buying opportunities from this post.

SilverCrest seems to be hanging in there and not yet breaking down.

At least not as bad as the next three stocks.

Timmins Gold will have to be revised below $1.00/share to be enticing to buy.

Perhaps $0.85/share would be cheap enough for me to buy it on those takeover rumors that never materialized.

First Majestic has made me re-evaluate the $5.50 stink bid as today's $6.25 print makes $5.50 look expensive, tax loss selling is going to be cruel on this stock come December.

 Clive's B2Gold might be worth a stink bid around the $1.50 mark.

It is going to get messy in this space over the next few weeks, really messy.

Tuesday, October 28, 2014

OPM and Related Party Transactions

Ever notice how the same directors work for minimal cost on a junior when it is their money that they put into the pot?

Once a financing with OPM is done it is off to the trough with compensation.

Take High North for example, of which I own a significant amount of shares.

Of special note is the lawyer who is also a director incurring legal fees of over $600,000.

So, you want to win in the junior space? Here is how you do it.

Get a degree in securities law and bill the fuck out of juniors while you hold a seat at the board room table.

Monday, October 27, 2014

Peak oil 2010 and what we know now

Remember back in 2010 when all the head lines were about peak oil that was breached in 2006 and prices were set to double in coming years?

Here are a few quotes in case you missed it.

"The age of cheap oil is over," said Fatih Birol, IEA chief economist.

"If the consuming nations do not make major efforts to slow down the oil demand growth, we will see higher oil prices," Birol said, "which we think is not good news for the economies of the consuming nations."
 Oil production might rise marginally under the "business-as-usual" scenario, the report said, but supplies would be short enough to send oil prices soaring to double today’s level.
Oil was trading at $140 a barrel under these headlines....

Here was Goldman Sach's call back in 2008

Goldman Sachs’ Arjun N. Murti said in a May 5 report:
The possibility of $150-$200 per barrel seems increasingly likely over the next six-24 months, though predicting the ultimate peak in oil prices as well as the remaining duration of the upcycle remains a major uncertainty.

Fast forward to today's headlines..

But the S&P 500 energy index <.SPNY>, down 2.1 percent, was the biggest negative influence on the benchmark index, with U.S. crude briefly trading below $80 a barrel. Goldman Sachs slashed its crude price forecasts, citing abundant supply and lackluster demand.
Abundant supplies you say?

So does that mean that Goldman Sach's calls both the top and the bottom of the market with their forecasts?

Update: Seems the Financial Post got on board with this story too....

And Can "O" Worms also...

 Time to check Statcounter.

Friday, October 24, 2014

Stockwatch ups the ante

For news releases by adding in their own version of caricatures to the news release, way to go Stockwatch!

I kid you not they actually edited this poor sucker into the news release.

The transportation and terminalling services agreement between the mid-stream logistics and marketing company and Canexus Corp., announced on Dec. 5, 2013, has been terminated. Considering this termination, the North American terminal operations (NATO) unit train facility has contracted volumes for up to four unit trains per week, representing approximately 40 per cent of the planned capacity of 10.5 unit trains per week. Both customers with contracted volumes have nominated to deliver bitumen blend to NATO during the fourth quarter.
"We are very disappointed that the delay in the tie-in of the Cold Lake pipeline system to the unit train facility triggered the termination right under this agreement that was exercised," stated Doug Wonnacott, Canexus's president and chief executive officer. "However, the customer who cancelled the agreement has indicated they remain interested in discussing a mutually acceptable relationship with Canexus. NATO remains an attractive asset, which is evident from the significant interest we have had in the facility since placing it up for sale," added Mr. Wonnacott.

Pretty well sums up how the year went for Canexus shareholders.


Tuesday, October 21, 2014 = Snake oil salesmen

Perhaps Cambridge Show opted to sell their email list to make ends meet, but I do not know how I managed to get opted into this guy's Fear & Snake Oil trading program.

Hi, just a reminder that you're receiving this email because you have expressed an interest in Phil's Gang. Don't forget to add to your address book so we'll be sure to land in your inbox!
I am sorry but I did not sign up for the crap you are trying to pedal and this is the first I ever heard of you. Since you took the liberty to spam me with your crap, I will take the time to look at what type of shit you are pedaling to me.

Oooohh, your selling fear  with a promo code: Spooky! because the markets are so spooky! So you guys are so spot on about the market and make soooo much money that you need to share that wealth by pedaling your software and trading program for the low low price of $40.00 a month, how benevolent!

Sounds to me like you are just pedaling some software for $40.00 a month and that is what your business is.

So how did you guys do with your own pension money? Did you manage to outperform the S&P over the past five years in  a buy and hold strategy?  You do not need much proprietary software for that strategy do you?

Yeah...did not think so, and you have no claims of actual returns on your pension, but you do have the market cornered on the following.
As the host and creator of "PHIL'S GANG® Radio Show", Phil Grande is the man, who coined the phrase,
“I’m going to tell you what Wall Street doesn’t want you to know!”

I hope you were smart enough to trademark that slogan so that you could charge a royalty fee for anyone who uses that line too..

Sorry to say Phil, I did not sign up for this assclown type of material and you should exercise more diligence when buying some opt in email list.

BTW I watched a few of your youtube videos and it reconfirmed that you guys are just pedaling fear for $40.00/month.

Now fuck off!

Monday, October 20, 2014

Dualex and Africa Hydrocarbons re confirm the duster

The market told you it was a duster about a year ago but investors got strung along.

Since the news leak last November (tale of the tape) I have stayed away from this deal. Back to square one for both these highly diluted shells, hence the penny print for both these deals on high volume.

DualEx Energy International Inc.'s recompletion operations of the Abiod chalky limestone in its BHN-1 well on the Bouhajla permit, onshore Tunisia, have concluded, and the well will be plugged and abandoned. DualEx chief executive officer Garry Hides stated: "While we are obviously disappointed with this result, all reasonable attempts to determine the hydrocarbon potential of the Bouhajla North structure were undertaken and we must conclude that the fractures encountered at BHN-1 are not effective, which was one of the primary risks associated with the Bouhajla North prospect. The BHN-1 well does not entirely condemn the structure or the other Abiod prospects on the block but we will, for the time being, shift our focus to the shallower Ktitir El Gueria prospect where we recently issued invitation to tender documents to several contractors for a 100-square-kilometre 3-D seismic survey planned for early to mid-2015."

Thursday, October 16, 2014

IWNATTOS gives this blog a reach around

and strokes the search keywords.......

So I leave you with this in case you find yourself stumbling down East Hastings all liquored up on shareholder money..singing Do do do do do a do..

Wednesday, October 15, 2014

All new traffic driver to this blog

Well looky here it seems that if one is looking for "hookers on East Hastings" they conveniently end up on this junior resource blog...go figure.

Move over "massive ass".

Gotta love the Google indexing bots.