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6/28/17

Please look after this bear.Thank you.

Michael Bond.

Red Eagle (R.to)

Expect Red Eagle to rally hard tomorrow.

The new Global Mining Observer is out...

...and as usual it's full of delicious and wholesome fayre.

Here's a piece on the Pan American/Ross Beaty sponsored royalty play Maverix, chaired by en-PAAS man Geoff Burns. But GMO doesn't bother with chairs, we get to hear from the CEO.

Here's a piece on Centerra and its touchy-feely lovey dovey relationship with Kyrgyzstan.


Those two and a lot more. Far better than reading this IKN guff and nonsense, go now.

wow

On the seventh day...



...I will not rest.

6/27/17

Dear Allan Barry

Try this link.


Holy sweet mother of higher deities, you're an embarrassment.

A Flash update...

...has just been sent to subscribers, Tuesday morning about half an hour after the opening bell.

6/26/17

The fun never stops at Eight Capital

They're going to get the name of the (almost certainly Dundee or ex-Dundee) whistleblower. Here's the link and here's the text. As an IKN pal pointed out last week, Sferra and Attanasio have yet to grasp the concept of The Streisand Effect.

Eight Capital men win identifying order for "MadeIn86"
Current Events (C:*CURRENT)
Monday June 26 2017 - Street Wire
by Mike Caswell

Toronto businessmen Mark Attanasio and Donata Sferra have won an order in the Supreme Court of British Columbia directing Stockhouse Publishing Ltd. to identify forum user "MadeIn86." A judge has ordered Stockhouse to disclose the user's registered name and contact information. Also covered by the order is the user's IP address, which could allow Mr. Attanasio and Mr. Sferra to track the user through his Internet service provider.
The order comes just over a week after the two men complained to the court about MadeIn86. They said that he was behind a single post that appeared in Stockhouse on June 5, 2017, that was entirely false and defamatory. The post accused them of having sex with their superiors to get ahead. It also called both men "crooked" and said that Mr. Sferra was "deep fryer Slimy."

Details of the case are contained in a petition the men filed at the Vancouver courthouse on June 13, 2017. They identified themselves as the operators of Eight Capital Partners, a broker-dealer that was formerly known as Dundee Capital Partners. The post that they complained of appeared in the Stockhouse form for CBW, which is the symbol for Cannabis Wheaton Corp.
The post, which was included in full with the petition, was titled "The Criminal Chuck Got in Bed With." It began with Mr. Attanasio, accusing him of "banging his boss at National Bank as a young trader" and of improprieties related to an organic food company called Blue Goose Corp. He and the company's president "connived to purchase land properties and assets at ridiculously inflated prices they owned secretly ... even though the land and assets were of no use to Blue Goose Corp.," the post read.

"When the scheme was about to be blown wide open Mark Attanasio decided to 'blow the whistle' as an informant to save his skin. Ned Goodman, the owner of Blue Goose Pure Foods decided to offer Mark Attanasio a position in Dundee Corporation keeping him safe as a whistle-blower, and offer him a chance to fix the mess," the post continued.

As for Mr. Sferra, the post explained how he "drew up a clever strategy to slither his way from the Sales desk of Dundee Securities to the Mining Investment Banking Team while banging the head of HR Naomi Ruby whose husband found out about the affair and divorced her recently." The post went on to explain how Mr. Sferra "caused so much havoc" that many of Dundee's best employees left and set up a competing firm, Maxit Capital. "Bright minds like Bob Sangha, Brad Ralph and upcoming young wiz's like Mike Spencer and Stanley lu started Maxit and quadrupled their deals and earnings in less that a year of opening shop while Dundee Securities went for a deep dive catastrophe," it stated.

Mr. Attanasio and Mr. Sferra claimed that the post had caused serious injury to their business and personal reputations. They said that they had sought assistance from Stockhouse to identify the author, but Stockhouse would not release any identifying information without a court order.

Vancouver lawyer Robert Deane of Borden Ladner Gervais LLP filed the petition on behalf of Mr. Attanasio and Mr. Sferra. Stockhouse did not appear in court to oppose the matter.

A quick comment on the Red Eagle (R.to) deal

With Red Eagle (R.to) trading at or under 35c this morning, the market is basically saying that a 50c warrant with a five year shelf life is worthless. As Spock would point out, that is illogical Captain.

Maybe it's because the market doubts the problems announced today are not repairable. If so, once the company explains further and/or gets the backing of the bigger holders of R.to this stock moves back up.

Or maybe it's because rights offerings are rare in Canada and not understood. If so, this stock moves back up.

As it stands today and speaking as a R.to shareholder, I will be taking up my rights fully. It's a no--brainer, free money trade. But the people who really win are those that can get in now and buy the stock and the right at this morning's price.

PS: I implied it in one of the above points but just to answer in public a mail received subsequently, of course if R.to cannot fix its problems the stock is worth precisely zero. The debt on the books says that. In fact, paying down some of that financial liability is surely why R wants to raise $30m more than it needs for the repairs. In short, the company needs to convince the market and with the stock now trading at 30c, that's not a given.

6/25/17

Theresa May and the Holy Grail

This is simply magnificent:



Youtube here.

The IKN Weekly, out now




IKN423 has just been sent to subscribers. Izdaniye s novostyami po mnogim voprosam gornoy promyshlennosti.

6/24/17

Smart phone. Dumb human.

This is an interesting paper. 

The mere presence of your smartphone reduces brain power, study shows


Date: June 23, 2017
Source: University of Texas at Austin (UT Austin)
Summary: Your cognitive capacity is significantly reduced when your smartphone is within reach — even if it’s off — suggests new research.
Here's an extract from the abstract:
"The findings suggest that the mere presence of one's smartphone reduces available cognitive capacity and impairs cognitive functioning, even though people feel they're giving their full attention and focus to the task at hand. "We see a linear trend that suggests that as the smartphone becomes more noticeable, participants' available cognitive capacity decreases," Ward said. "Your conscious mind isn't thinking about your smartphone, but that process -- the process of requiring yourself to not think about something -- uses up some of your limited cognitive resources. It's a brain drain.""


Thank you reader B for passing it on. Full thing here.

The top three most visited IKN posts this week are...

...in reverse order:

Third Place: "Goldcorp's (GG) bizarre and highly suspicious sale of Camino Rojo to Orla Mining (OLA.v)". The bit about the goat got good mail feedback.

Second Place: "IKN has a question for the TSX(v) regarding Cordoba Minerals (CDB.v)...". Sometimes a bit of straight talk is all that matters. For bonus info, this post a day later gives rthe scuttlebutt (which both HPX and CDB deny, by the way. Oh how we chortled).
 
First Place: "Some advice for Mark Attanasio and Donato Sferra". Always amazes me when the dregs of Canadian society go the whiny denial route when found out about their scumbaggery. And they litigate in nanoseconds, too. Scum is scum.