The Daily IKN email digest, get all daily posts sent to you next day (& no ads)
...the US ten year TIPS yield, last six months:
Because it keeps on predicting the gold price. Chart from here.
1) A strong report on Rio Tinto and its plans to divest uranium assets. On this link.2) A lightweight piece of guff and nonsense in which the Intrepid Alex W of GMO interviews the author of IKN and The IKN Weekly. In other words, me. That's here.
"Toachi (TIM) – fantastic results out of Toachi yesterday after the close. These results are very exciting - you don’t often see these types of grades outside of the Congo. Buy this stock!!!"
...the Dow, monthlies:
I'm really stupid and nowhere near smart enough to understand the Dow's movements, let alone try to call a top. I'm really smart and nowhere near stupid enough to try to call a top in the Dow, let alone try to understand its movements.
...a full and detailed analysis of Minera IRL.
...dated Sunday Feb 26th and using the Friday close price of CAD$4.00 as reference:
"Although concerns may remain, we see limited downside for AKG shares in the near term in light of the recent ~20% decline..."
...and true to form, the scumbag at the centre of it all is already ripping people off. Today's news that Liberty wants to raise $1.5m by selling 1,500,000 shares at a Loonie apiece...
TORONTO, ONTARIO--(Marketwired - Mar 1, 2017) - Liberty Silver Corp. ("Liberty" or the "Company") announces a proposed private placement consisting of up to 1,500,000 shares of common stock (each a "Share") at a price of CAD$1.00 per Share for aggregate gross proceeds of up to CAD$1,500,000, subject to necessary board and regulatory approvals. Proceeds of the Proposed Private Placement will be used for general working capital purposes.
- On November 30th 2016 Bobby Genovese lent the company U$1.4m
- He charged the company a crazy interest rate.
- In no time at all the debt went to U$1,686m.
- Then six weeks ago he swapped that debt for 8,990,986 shares.
...Vertex One. At U$0.50 apiece Thiessen has got a bargain.
Nolan Watson: "...we've build up a technical team, we spend a lot of time going digging into the guts of drill databases and understanding metallurgy and all these types of things and I think one of the things that has to be addressed is that when we actually get in there and see behind the scenes a lot of the times, things are not as advertised. There are a lot of assets out there that are fundamentally wrong and broken, and CEOS are lying to their shareholders about it and I think something needs to be addressed. 43-101 attempts to do it, but it's still not working."Daniela Cambone: "So, too much promotion?"Nolan Watson: "Promotion is a very nice way of saying what some of these people are doing with their assets. It's lying, really."
Colombia's Constitutional Court rules in favour of local Marmato miners and against Gran Colombia Gold (GCM.to)
The epitome of the phrase "distressed sale".
IKN hears that the buyer is a very smart fund and is easily classed as "strong hand holder".
PS: Here's the official letter:
Here's part of the intro to The IKN Weekly issue 406, out last night. Kind of reads well after what happened to the GDXJ this afternoon:
The IKN Weekly is boring
I look around, see the breathless promotions out there at the moment and consider how tedious it must be at times to read a publication such as this one. Out in the wonderful world of promotion, ramping up right on schedule for PDAC, there seem to be no end of exciting deals in which you can participate (for a modest entry fee) backed by people who always strike it rich and never make a wrong move. Here in the plod and drudgery of The IKN Weekly your author is raising some cash with a couple of sales/partial sales, tinkering at the margins and for the time being just letting the main trades run on. It’s boring. It’s not good for the newsletter business. I should be out there feeding you ideas, stock tips and STRONG BUY recommendations galore, raising pulses and diving headlong into the cut and thrust of capital markets at any given opportunity. And all those things are easy to do in fact, even easier when you’re a tipster service selling thought and no skin in the game. When it becomes more difficult is when it’s your own money at stake and with the realization that of the 1,500 or more stocks swirling around in the Canadian capital markets, the vast majority aren’t just mediocre but outright wastes of time and money. There are no end of great stories in the wonderful world of the TSX(V) but there just aren’t that many good companies, not for my money at least. What’s more, stocks haven’t looked particularly cheap for a number of weeks which puts a value-oriented investor off the trail early. Thus another week goes by, watching covered stocks and failing to find a new bargain name but don’t worry about me, I’ll find something interesting to do with my recently raised cash soon enough. The rest of you can get your kicks trading Northern Dynasty.
...ladies and gentlemen subscribers. Should be with you around midnight EST.