Friday, June 28, 2013

Crap-Ex - CEV.v has super big plans ...

Led by the TOTALLY arsesome Mr. Brett Matich and his birds of a very common feather Mr. Graham "Punchy" Harris and Andrew Bowering, the terrible threesome will have everybody and their flea bitten mongrel believe they are sitting on billions of the good stuff.

Only a paultry and highly insignificant $6b stands between the terrible threesome and another of their massive successes. Frankly this citizen wouldn't lend this group a single-ply tissue to wipe their horrid dirty tri-bumholes, let alone $ .03 fukkin cents.
"Cap-Ex has a current inferred iron ore resource of 7.8 billion tonnes at 29 per cent total iron and 18.4 per cent magnetic iron. The PEA was based on only the first 30 years of production, which will require the processing of only 1.9 billion tonnes at 28.8 per cent total iron and 18.6 per cent magnetic iron. The mineral resource estimate is based on a cut-off grade of 10 per cent magnetic iron.

Highlights of the PEA study include:

Initial capital disbursement of $4.185-billion for the construction (leading to the start-up) of the first production line and required infrastructure and total capital costs of $5.979-billion for the construction of the two production lines. This includes $2.275-billion for the pellet plant and excludes closure costs, sustaining capital and leased equipment and facilities;
"The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced April 15, 2013. Shares: 20.73 million
Price: 10 cents
Warrants: 20.73 million share purchase warrants to purchase 20.73 million shares
Exercise price: 20 cents for a two-year period

Placees: 32

Insiders: Graham Harris 2.4 million; Bowering Holdings Ltd. (Andrew Bowering) two million; Mardu Investments Ltd. (Brett Matich) one million; Sunrise Drilling Ltd. (Graham Harris, Andrew Bowering and Brett Matich) 2.25 million; 833351 Canada Inc. (Francois Laurin) 750,000; Cape Iron Consulting Inc. (Brian Penney) 500,000; Paul Bozoki 500,000®ion=C
Bid is $ .09 and this total chit hasn't ignited the public's imagination for some reason, even with the boyos own precious dough. Go figure. By my calculations this rock bottom dough MIGHT last a few weeks for these amazing slug-like offenses.

An astute type will notice the boyos set up a drilling company to better juice public dopes too. For the record I believe it should be "Mandu Investments". Good luck boyotards ... you all will be needing a massive large supply of COMPLETE retards this time.

Wednesday, June 19, 2013

J Frank "finds" 1.04m ozs = LoL

Unknown if the corks are popping in the executive chithouse at Barkerville Gold (BGM.v), butt J Frank, after blowing all that perfectly good dough of his, has only come up with a paultry 1.04m ozs.

Hardy the fuk har har and the public MIGHT be slightly more secure in this resource estimate than the last. More on this is coming for sure.®ion=C

Tuesday, June 18, 2013

US silver certificate worth plenty

The certificate was issued in 1891, at a time when silver miners, Western mining companies, and some Western banks were objecting to the government's decision to essentially adopt a gold standard.

A law passed in 1878 required the government to buy several million dollars' worth of silver bullion and mint it into coins. Because the silver was so heavy, the government decided to issue certificates like this one that could be exchanged for the same face value in silver dollar coins.
The US government no longer prints silver certificates, and it hasn't exchanged existing ones for silver since the 1960s. But even now, those that remain outstanding are still legal tender and can be spent, according to the federal Bureau of Engraving and Printing.

$ 1000 in silver is a bargain. The note is one of only 2 known in existence and sold at auction for $2.6 million.
William L. Marcy was a 19th century politician and statesman who served as secretary of war, secretary of state, a senator, and governor of New York. He is also noted for saying, during a congressional debate over a nomination, "to the victor belong the spoils."

Friday, June 14, 2013

PPM for AreTards - Graham "Punchy" Harris - Update

Here's a dead easy one and naturally illustrated by one of our more ridiculous Venture K9s, Mr. Graham Harris ... now running the PoS known today as Red Hill Resources (RHR.v)

Whenever the dopes are reduced to reporting their massive discoveries in PPM a body knows well enough they are dusters. WHY this lame horsechit keeps getting tried and retried is amazing to me.

Redhill drills six m of 2,645 ppm Cu at Aspen
Mr. Graham Harris reports


Redhill Resources Corp. is providing an update on exploration progress completed on its Aspen properties, located approximately 80 kilometres south-southwest of Vanderhoof, B.C., in the Blackwater area of the Nechako Plateau region.®ion=C

And WHY do we call Mr. Harris "Punchy"? Good question citizens.

The Northern Miner has picked up the story.

"The California Investment Conference put on by the Cambridge
House folks in Palm Springs had a moment of old-school drama, with
Redhill Resources chairman Graham Harris punching the Mercenary
Geologist newsletter writer Mickey Fulp in the face during the
conference’s morning session.

As Fulp bled heavily from a cut on his nose, Harris returned to
his Redhill booth before being taken away by police, though no
charges were reportedly filed at Fulp’s request. Fulp was later
photographed with a large bandage on his nose and an even bigger
smile on his face.

The dispute apparently stemmed from unsubstantiated
accusations by Harris that Fulp had been anonymously trashing
him online. The Redhill booth went unmanned for the rest of the
Artist rendition ONLY

Saturday, June 8, 2013

David Michaels - Securities Scumbag in BCSC Spades

Anybody who has been around for any length of time knows all too well about the massive and jawdropping systemic problems inherent with the BCSC.

Nothing, in the world, better exemplifies this corrupt and near useless bureacratic offense against the public than this truly sickening example. Read on.
"The devastation caused by Victoria financial adviser David Michaels never had to happen. The B.C. Securities Commission could, and should, have averted this whole thing years ago. As we reported in a front-page story Friday, BCSC enforcement staff have cited Michaels for selling $65 million worth of flaky "exempt-market" securities to 484 clients, all of which have collapsed and are now worthless.

And that's not the entire amount. BCSC officials could only go back six years, which is the limitation period for such enforcement actions. The callous nature of Michaels' activities is shocking. In one instance, he sold $550,000 worth of highly risky and illiquid securities to a woman in her late 80s.
According to the notice, Michaels collected nearly $5.8 million in commissions and marketing fees from the issuing companies during the period cited by the commission.

For investors, the investments were disastrous: “Almost all of the roughly $65 million invested by Michaels’ clients is now worthless, leaving many of them destitute while their home-equity loans remain,” the notice alleges.

"In June 2010, I reported what Michaels was doing, but BCSC officials did nothing. According to the notice of hearing, he continued to sell these products for at least another six months. The bottom line is that commission officials not only created the environment for these sorts of predatory practices, they dragged their heels when it became obvious what Michaels was doing."

Completely amazing is what this horrid example is, and for MANY reasons. Mr. Baines laid out this offense in excruiating detail years ago and even with that massive public sword the BCSC could not be moved off its fully incompetent nail one iota. As a direct result people got taken by a scumbag for multi-millions and if anything its the BCSC that should be held accountable.

As one who has similarly laid out an insulting securities offense in extreme detail to the BCSC with no fukkin response whatever, I share Mr. Baines decades long frustration with the BCSC and the grossly overpaid "people" running it. Whereas a career connected Vancouver type like Mr. Donald Gordon can easily motivate the BCSC to blow 100k investigating a ridiculous $ 5k in insider trades (ABA.v and Mr. John Good) anybody else will be out of luck irregardless if the complaint relates to millions and is spelled out so that a retarded child could understand it.

It amazes, truly. Top two dogs at the BCSC pull down over $ 1m and thats before expenses. How can the wolves ever protect the sheep? They can't and the BCSC should have been overhauled 20 years ago. If it had utter scum like Mr. Michaels wouldn't have been soooooo sickeningly successful.

Wednesday, June 5, 2013

Mark Turner, Securities Retard, Strikes Again

We have followed the long running blog of mouthpiece Mr. Mark Turner over at incakolanews for many moons.

One might, at first, be semi-impressed in the fact that Mr. Turner seems to know the basics about mining. Thats wonderful but after a while his selective intelligence reveals the fact he's a wicked Tard, mindlessly touting his picks (which he presumably holds) to whomever is stupid enough to listen.
Trouble in paradise began with the man's ridiculous touting of Rio Alto Mining (RIO.t) while deliberately failing to disclose significant insider selling. Telling only part of the truth is reserved for securities scumbags, not those laughingly holding themselves out to be "journalists".

The final insult came with the news of a road blockade. Did Mr. Turner feel any obligation whatever to inform his constituency after spoon feeding them RIO rubbish for scores of months? Of course not. He sent an "update" to his subscribers about the large RIO problem but feels no obligation whatever to spill the beans to his adoring public.
Mr. Mark Turner is at best a PoS and at worse no better than the lowest scumbag Venture promoter flipping off paper. After following his dopey picks for some time my only question is who would actually PAY to be lied to by an unethical chitbag? Beats the hell outta me.

Mr. Turner's site hasn't changed in years, is truly ugly and provides nothing unique. Without question it could dissappear tomorrow and it wouldn't be missed one iota. Perhaps Mr. Turner should take the hint.

Sunday, June 2, 2013

The Urca de Lima Treasure

Urcas were flat-bottomed, round-bellied Dutch storage ships designed to go in shallow waters. Due to their capacity for carrying cargo, they were adopted for the Spanish-American trade route between Europe and the New World. The Urca de Lima was one of 10 treasure ships on their way back to Spain from Havana in 1715.

All were lost in a hurricane off the Atlantic coast. More than 700 seamen, including the Spanish commander, drowned from the 10 ships.

While there was no great royal treasure on board, the Urca De Lima did contain private chests of silver and some gold. After it was grounded by the storm, the Urca De Lima was one of the first vessels to be salvaged by the Spanish, who subsequently burned the hull down to the waterline to hide its location from the English.

The Urca De Lima was rediscovered in 1928. For the next half century the wreck was heavily salvaged. In the 1980s, the state of Florida stopped issuing salvage permits on the Urca De Lima and opened the wreck to the public as the state’s first Underwater Archaeological Preserve.