start here

start here

The Daily IKN email digest, get all daily posts sent to you next day (& no ads)

12/2/16

The Friday OT: Alabama 3; Hypo Full of Love (the 12 Step Plan)

I've spent at least two months re-hooked on the unique sound of Alabama 3. Here we get them loving mens, loving womens, loving all God's creatures.


No sir mister dope fiend, no fish today!

No more CUM shots!

Oh man, I laughed when I saw this today

Copper Mountain changes ticker symbol to CMMC

VANCOUVER, Dec. 2, 2016 /CNW/ - Copper Mountain Mining Corporation (TSX: CUM) (the "Company" or "Copper Mountain") announces the change of its TSX ticker symbol. Effective Tuesday, December 6,  2016, Copper Mountain Mining Corporation's new TSX symbol will be CMMC.
The Cusip number for Copper Mountain shares will remain unchanged. Outstanding stock certificates are not affected by the ticker symbol change and do not need to be exchanged.
About Copper Mountain Mining Corporation


The Silver Range Resources (SNG.v) 2016 Northern projects review

I don't own Silver Range Resources (SNG.v) stock (yet), but I have a lot of respect for Mike Power and with that in mind, I want to put this in front of your face...




...the company's  2016 Northern projects review, published yesterday. Youtube here. H/T reader C.

12/1/16

In The IKN Weekly this Sunday...

...the main event will be a long answer to a simple question: Red Eagle Mining (R.to) buy, hold  or sell?

Minera IRL: To blanket-answer...

...a whole bunch of mails received last night and this morning which, quite rightly, ask the paraphrased question "what now?", this post cannot go into details but we can say that now the cancerous tumour has been removed we will finally have a board of directors who will work in the interests of shareholders (for the first time since the untimely demise of Courtney). We may not get a news release this week, but rest assured there's a lot of good and productive work going on in the background right now. A few days of patience will do us all well, this company is finally back on the right track.

I can also report that the local subsidiary of Minera IRL Ltd, Minera IRL S.A., is very very happy to have got rid of the parasite board of cowards who were sucking the company dry because they knew IRL was about to be sold down the river by Coward Weyrauch but had to keep quiet. The culture of fear that board installed has now been lifted, they will now be able to work with the mothership company.

Hopefully, this wraps up my last ever post on Minera IRL. As the company will now become far more transparent and shareholder-friendly, there will be no need to get the necessary information from a pissant loudmouth blogger. Thanks for all your help, fellow shareholders. We can chalk this one up as a tiny victory for doing mining the right way.

11/30/16

Minera IRL: Trio of cowards update

I respect Frank O'Kelly for taking it on the chin. Seriously, that's what a man does. I doff my cap to you, sir.

Weyrauch, Schafer and Bavin are pure cowards. Fuck all three of them, the weasels. Tried to screw over us shareholders and when the vote went massively against them they prefer to resign rather than get the numbers against their worthless names. And by the way George Bee, you are just as much as a f----ard as the worms you call colleagues.

Here's the NR, here's a segment

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Board of Directors
Pursuant to the articles of association of the Company (the "Articles"), each of the five directors of the Company in office prior to the AGM were proposed for election/re-election at the AGM.
  1. Prior to the AGM, each of Mr Julian Bavin, Mr Derrick Weyrauch and Mr Robert Schafer withdrew their consent to stand for election/re-election and as such the resolutions relating to such directors were not put to the AGM. Accordingly, each of Mr Bavin, Mr Weyrauch and Mr Schafer are no longer directors of the Company.
  1. The resolutions to elect/re-elect each of Mr Francis O Kelly and Mr Gerardo Perez were put to the AGM.
  1. The resolution to elect Mr O Kelly was not passed and as such Mr O Kelly is no longer a director of the Company.
  1. The resolution to elect Mr Perez was passed and as such Mr Perez remains the sole director of the Company.
Pursuant to the Articles, Mr Perez has authority to appoint further directors. The minimum number of directors with which the board can make substantive decisions is three, so Mr Perez intends to appoint an additional two or more directors as soon as practicable.
Other resolutions
The resolutions to accept the financial statements of the Company for the year ended December 31, 2015 and to appoint PKF Littlejohn LLP to be the auditor of the Company for next year were passed.
The resolutions to adopt new articles of association and granting the directors the authority to allot up to 115,567,514 ordinary shares without the application of the Company's pre-emptive rights described in Article 6.1 of the Articles did not pass, and will not be put into effect.


x

Now that Continental Gold (CNL.to) has got its EIA...

...McEwen Mining (MUX) can make its formal buyout bid.

An ah wudda gotten away with it too...

...if it wasn't for you meddlin' kids an' that dawg.

(guess which company has news?)

Posting will be light...

...on the blog this Wednesday. For secret reasons.

11/29/16

Catching up with GLD bullion inventory levels

The news out of Medellín this morning and the deeply moving scenes at the Chapecoense stadium have knocked the stuffing out of your humble scribe, there's not much impetus or will to say snarky things about unimportant people today. But I'm going to make an effort to stay on-topic and here's a start, a catch-up on the inventory data at the world's biggest gold bullion ETF, GLD:

please note cut down Y-axis

As of yesterday we're down to 885.04 metric tonnes, over 30 tonnes lower than the day before Brexit. Data from here.

Chapecoense


Força




11/28/16

HudBay (HBM.to) (HBM) and the big boot forward

Debt problem? What debt problem? Just boot it forwards guys, nobody'll notice that way. Here's the NR, here's the top bit:

TORONTO, ON--(Marketwired - November 28, 2016) - HudBay Minerals Inc. ("Hudbay" or the "company") (HBM) (HBM) today announced that it is offering US$1.0 billion aggregate principal amount of senior notes in two series, including a series of senior notes due 2023 (the "2023 Notes") and a series of senior notes due 2025 (the "2025 Notes" and, together with the 2023 Notes, the "New Notes"). The aggregate principal amount, interest rate and other terms of each series of the New Notes will be determined at pricing and are dependent upon market conditions and other factors.
Hudbay also announced today that it is commencing an offer to purchase for cash (the "Tender Offer") any and all of its outstanding US$920 million aggregate principal amount of 9.500% senior notes due 2020 (the "Existing Notes") on the terms and subject to the conditions set forth in an offer to purchase and consent solicitation statement dated November 28, 2016 (the "Offer to Purchase").

continues here