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9/20/17

FOMC and gold

The market never ceases to amaze me...





...about how dumb it truly is.

A Flash update...

...has just been sent to subscribers, Wednesday lunchtime. A couple of portfolio adjustments that were flagged and in the cards anyway, plus a couple of comments.

9/19/17

Argentina Peso update

The Argentine Peso's exchange rate to the Dollar is a reliable sensor for political rick. According to the country's Central Bank today, the month period before the early August PASO elections saw historic record demand for dollars from rank and file Argentines which in turn weakened the Peso significantly.




When the PASO primary election results came out and Macri's government did generally better than expected the Peso snapped back sharply, but the nerves are obviously still there as we count down to the big event, the October 22nd mid-term elections. The Peso can't go under the 17 barrier however much it tries.

Bobby Genovese runs the name change scam: Liberty Silver is now Bunker Hill Mining

A classic move of the shyster and scumbag, the man running Liberty Silver (LSL.cse) (LBSV.otc) Bobby Genovese (the same man accused of the $17m fraud by the US SEC in the same company) has decided to change the name of his company to "Bunker Hill Mining Corp", the change coming into effect on September 28th.

What's important to know is that nothing has changed: Bobby G is still running this BS pumpjob, it's still the same company, it's the same reprobates in cahoots with him, Bobby G is still under fraud charges. Or to paraphrase Bill the Quill:

What's in a name? that which we call a turd
By any other name would smell like crap;




The 7.1mag quake in Mexico looks serious

We're already at 42 deaths and if the images on just about every LatAm news channel are to go by, that's going to go a lot higher. A 7.1 is a big quake, maybe not a wow number but the problem in Mexico City is the soil liquifaction effect that turns the ground under the city into jelly and can ruin structural support of even solidly constructed buildings. Another place with this potential: Silicon Valley. Just sayin'

But back to the real issue today and wishing the best for residents in the zone. Good job it wasn't an 8+ like the one off the South Coast recently.

UPDATE: The official death toll is up to 57, but more chilling is the count of at least 29 collapsed buildings in Mexico City alone.The numbers are going to rise and that is not good at all.

Lithium X

Not long to go, Bri-Bri. People who will be interested in LIX.v's annuals include shareholders, IKN, the government of Salta and The Alberta Securities Commission/BCSC/OSC.

9/18/17

I'm surprised Dalradian (DNA.to) isn't down a lot more today...

...after its NR this morning. Maybe the market doesn't get how negative this ore sorting news is, what with the company dressing it up to make it look like a positive.

Tinka (TK.v) mailbag

IKN Nerve Centre has had three separate mailers asking about Tinka Resources (TK.v) this morning, with the new drill results assay and the price action on the menu. So to be lazy, here's the short note about TK that appeared in IKN435 yesterday evening:

Tinka Resources (TK.v): TK is still bouncing around in the 55c to 60c trading range, no real push in either direction. During the analysis of TK’s 2q17 financials in IKN432 dated August 27th  I wrote this section:

“…at the current burn rate TK is going to get low on treasury soon and as it has a clear pattern of not letting cash/working cap go below $2m, I think it’s a safe bet to say that we’re going to get a placement announcement from TK.v soon.

“The way TK has stuck around 60c has been indicative of the price the market is willing to pay for the next round of financing. I’d welcome a raise at current levels with open arms (and I’m aware that the company has had plenty of interest from brokerages about its next placement) and the company needs to be congratulated, but it also means that we shouldn’t expect too much in the way of share price upside until the process is complete.”

That fits with what we’ve seen since then. In other news, Congratulations to CEO Graham Carman for winning the 2017 Mining Journal “Explorer of the Year” award (12).

Finally, I hear that we can expect a NR on the latest drill assay results in the week ahead. Oh, nicely timed for Beaver Creek and Perumin! Who would have thought…


And yup, right on time, we had that drill assay number today. Pretty good too, it's just that the market is used to seeing good numbers from Ayawilca.

Sandstorm (SAND) (SSL.to): Beaver Creek gossip

It didn't take long for the chatter to start at Beaver Creek. This desk understands that a chunk of Monday morning conference jungledrums concerns Sandstorm (SAND) (SSL.to), which is looking to sell around 6% of its holding in Trek Mining (TREK.v) and get its position down to a more manageable 10% or so. SAND was first approached by a stink-bidder who got short shrift (sorry Marin, doesn't work like that) but is now in more serious conversations with a potential buyer. The question, as always, is the price.

Further to last week's HIVE post: Paging Peter Schweizer

We note that the new Frank Giustra pump job, HIVE Blockchain Technology (HIVE.v), is off and running and being pumped by just about anyone in the whole sordid game this morning. Frank's spread the love of those 1c and 3c pieces of paper far and wide, so right now you're getting Keith Neumeyer's poodle Daniel Ameduri pumping the thing, as well as Frank Holmes, NIA, CEO.ca of course...it's the whole nine yards.

This is of course the company we featured in the post last week to illustrate just how the sharks rip off the retail saps. But IKN's interest goes way beyond the share price performance of HIVE.v this morning (up at 90c already, I see...that puts $3m minimum into Tommy H's back pocket) and to the seedier parts of Vancouver. Therefore IKN calls upon ace sleuth Peter Schweizer to do the following:
  • Go to Haywood
  • Visit the desk of the Medallion holder doing the HIVE/Leeta transfers.
  • Make absolutely sure that both counterparties signed the paperwork before it was rubber stamped.

You'd do the Canadian capital markets a great favour if you did. It would be great if you got there before the Canadian market authorities did, too...scoops and all that. Have a nice day.

9/17/17

The IKN Weekly, out now



As seen just outside Badajoz, Spain (close to border with Portugal). Chosen by reader M.

IKN435 has just been sent to subscribers. It has 14,319 words this week, which is about average. Words, charts and tables, also average.

Sunday morning: Current status...

...writing up IKN435.



Hi Daryl! Hi Chuck!

PS: Very happy with the new Asus laptop in its first few months. Fast, flexible, easy to use. Recommended.