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Arizona investigative journalist John Dougherty will begin a 10-city Canadian tour on May 24 at the Royal Theatre in Toronto to screen his documentary “Flin Flon Flim Flam” on the worldwide operations of Hudbay Minerals, Inc.
Drop everything, listen to this.
UPDATE: Reader 'MB' adds thoughts:
I am not a subscriber, but receive your email postings each day.
Listened to your recommendation, John Butler Ocean today. You have
previously recommended music and I must admit that our tastes seem to
differ (greatly, it seemed). But 'Ocean' I absolutely love.
"The ruling was a ratification of what we already know, not a new piece of law. It was called for by the governor of Huila region who wants to stop a couple of hydroelectric plants from being built and the government was trying to ignore him."
A major Japanese electronics maker approached First Majestic Silver Corp. for the first time last month seeking to lock in future stock, a sign of supply concerns that could boost the metal’s price ninefold, according to the best-performing producer of the metal.
“For an electronics manufacturer to come directly to us -- that tells me something is changing in the market,” said Keith Neumeyer, chief executive officer of First Majestic, the top stock in Canada and among its global peers this year.
UPDATE: A different reader L, this time LL, writes in after doing the math:
LL wins today's observation prize.In his 1 min long (short) interview KN says that silver is being mined with a 9 to 1 ratio to gold and the price is 75 to 1, "this can't go on". Then at the end he goes on to predict (guess) where he think prices will be at the end of the year: "Silver in the $20 range and gold at $1,500". Now wait, isn't that a 75 to 1 ratio?
UPDATE: One small correction, CB Gold is in Santander region and not Norte Santander like EOM. Apart from that, we're good.
...fine and sunny Tuesday in May at this humble corner of cyberspace. For secret reasons.
Back tomorrow midday.
PS: Special dedication for reader and mailer "AL". The secret is out!
...the dollar etf (DXY) against the gld etf (GLD), three months:
Nope, can't see any relationship there.
Another piece falls into place.
May 23, 2016
Minera IRL Reports the Transfer of Shares in its Peruvian Subsidiaries, and Announces Board and Management ChangesLIMA, PERU--(Marketwired - May 23, 2016) - Minera IRL Limited ("Minera IRL" or the "Company") (BVLAC:MIRL) reports that the one share in each of its two Peruvian subsidiaries, Minera IRL S.A. and Minera Kuri Kullu S.A., which were not registered in the name of the Company, have been transferred into the name of a nominee of the Company, thereby consolidating control over the two subsidiaries with immediate effect.As a result, the boards of the two subsidiaries will be reconstituted as follows:Diego BenavidesCecilia GonzalesFrancis O'KellyMr. Benavides is General Manager of Minera IRL S.A., Ms. Gonzales is a corporate lawyer in practice in Lima, Peru and Mr. O'Kelly is a Director of the company,The Company is also pleased to announce the appointment of Mr. Gerardo Perez Delgado as a Non-Executive Director of the Company with immediate effect.Mr. Perez is a lawyer and a partner in the firm of Barrios Fuentes in Lima, Peru. His areas of expertise include Administrative Law, Regulation, Infrastructure and Concessions. Previously he was General Manager of the National Port Authority of Peru for six years where he was responsible for the planning, organization, direction, control and management of the institution in charge of the Peruvian Port System. He was involved in the concession of the Ports of Callao, Paita, Yurimaguas among others, and of the deepening and widening of the entrance to the port of Callao project, the implementation of the Single Window Port (VUP) by which the formalities concerning the export and import of goods through the ports is simplified, and overall planning and execution of actions to achieve the competitiveness of Peruvian ports.In addition, Minera IRL announces that Mr. Francis O'Kelly has been appointed as Chairman and Interim Chief Executive Officer of the Company and Mr. Carlos Ruiz de Castilla has been appointed Interim Chief Financial Officer.
"Of course on Showtime the word is spelled out. Bobby says this line to Chuck Rhodes (Paul Giamatti) in the one heated confrontation they have during the pilot.The line is excellent and Damien Lewis delivers it with ruthlessness.But I always think the reverse.When you have a job, people often daydream about saying that to their boss or colleagues or whoever. But I always felt, “When I get F you money, the last thing I want to do is come back here and talk to my boss, even if it is just to curse at him.” What’s the point?This begs the question, why do billionaires even keep going after they get their F you money?I guess it’s because they are so driven that that is how they got the F you money in the first place. So that same force that drove them initially is still driving them.And then there’s the question — how much is F You money?In the show, at the end, Bobby buys a house for $63 million. But clearly you don’t need a house that big to be happy. Many people have much smaller houses and are happy with their lives.I tried thinking of an answer.For instance, one answer is: you have F you money if from morning to night you only have to do the things you love doing and you don’t have to do anything else.But what if what you love doing is building and flying rocketships to the Moon. That’s pretty expensive. Your number is going to be a very big number.I don’t know the answer. I like to sit at home and read and write all day. And not ever feel so angry I feel the need to say “F You!” to anyone since that is a stress and stress will make you sick.For me, “F You money” simply means I get to keep physically healthy, spend time with friends (emotional health), be creative (mental health), and be grateful (spiritual health) every single day, without anyone or anything getting in the way of that.Life throws us difficulties and stresses every day, no matter what. And you can see that the characters in the show are setting themselves up for potentially many, many episodes of stress, no matter how rich they are, no matter how powerful.At the end of all shows and stories, everyone eventually dies and their stories are eventually forgotten, like a lingering pain that eventually subsides and disappears.What’s the point of having F You money if eventually everyone dies?Please tell me the answer when you get there."