Wednesday, October 30, 2013

Sapphire Mining in Ilakaka-Sakaraha, Madagascar

A parcel of sapphire and chrysoberyl from the Ilakaka-Sakaraha deposit in southern Madagascar.
The Ilakaka-Sakaraha deposit in Madagascar is probably the world’s largest sapphire producer over the past 13 years.

The first discovery was in 1998, near Ilakaka Be. Locals quickly established a thriving market with Thai and Malagasy merchants. Within months, miners from around the island settled near the bridge on the Ilakaka River, and a boomtown was born. Ilakaka is a much quieter place today. Tourists regularly stop there, while Sri Lankan, Thai, and Malagasy gem traders still conduct business.

(click to enlarge)
The deposit extends about 120 km east from Anena to Anakondro, and nearly 100 km north from Anena to Antaralava.
In the Taheza basin the sapphire-rich gravels are usually about 30 meters deep, but some artisanal miners use a 50-meter vertical shaft to reach the gravels, which are mined by digging narrow horizontal tunnels. For the digger to breathe, air has to be sent underground using large plastic bags and tubes. The gravels are extracted and taken to the river for washing.
Overall, mining and trading around Ilakaka is down from previous years. But with 10,000–20,000 miners and several hundred buyers, Ilakaka-Sakaraha probably still surpasses Ratnapura and Elahera in Sri Lanka as the world’s main source for blue and pink sapphires.

From April to July 2012, many of the buyers and miners left Ilakaka to work in the jungle near Didy and Ambatondrazaka, where fine rubies and sapphires were discovered in March 2012.

Thursday, October 24, 2013

Stones of the Bible II

Chrysoprase is a translucent, bright apple or grassy green variety of chalcedony. The green color comes from nickle. It is the most valuable variety of chalcedony. Chrysoprase has been discovered in archaeological digs in ancient Egypt. A necklace which included chrysoprase beads was found on a mummy dating back to 1500 BC.

The most famous deposits of ancient chrysoprase came from Silesia.
Coral is a limestone formation of calcium carbonate produced by the skeletons of millions of tiny marine animals (polyps). Since it is of animal origin it is not technically a mineral. Gem quality coral or precious coral is only found in a few places in the world, one being the warm waters of the Mediterranean Sea which produces some of the very finest. It grows in bush-like clumps of branches about a foot high and must be harvested while still living to preserve the color. If the polyps die before a branch reaches the surface, the coral turns dark and loses its value. Coral has been harvested from the earliest times and was highly prized by many civilizations throughout history.
Diamonds are pure, elemental carbon. Hardest of all gemstones, diamonds have the highest melting point of any substance (3,820 degrees Kelvin), is an excellent heat conductor, and has very low reactivity to chemicals. The English word “diamond” comes from the Greek word adamas meaning “the invincible.” Diamonds were not identified until the first century, and then they were valued as a tool for carving other stones.

Pliny the Elder describes diamond crystals from India around 77 AD.
Emeralds are a variety of beryl. Emeralds were well known to biblical lands. One of the earliest known source of emerald were mines located near the Red Sea in Egypt.

There is evidence that these mines were in operation as early as 1600 B.C. Later they became known as Cleopatra’s Mines, as she was quite fond of emeralds and was reported to wear them to enhance her beauty. Emeralds engraved with her likeness were given as gifts to her guests.
Garnet is a brittle, hard, glassy, mineral silicate. Though the word “garnet” is not found in any of the translations of the Bible, garnets were a common stone in biblical times.

The garnet has been found as early as the Bronze Age, dating back to 3100 Egyptian jewelry. Garnets have been closely associated with blood due to their colour and have very often been mistaken for rubies throughout history. (Rubies came into use around 400 B.C. with the Roman Empire)
Jasper is an opaque variety of chalcedony (quartz). It is most commonly red due to the presence of iron, but can also be found in yellow, brown and green. ”Jasper” comes from the Greek word iaspis which is a derivation of “to polish”.

One of characteristics of jasper is that it is able to take a high polish. It was used in ancient times as mantles, pillars, vases, and other interior decorations. Pliny the Elder lived and wrote around the same time that the book of Revelation was written, and describes iaspis as “being green and often transparent” which is of interest since today we consider jasper to be opaque.
Lapis Lazuli is an ultramarine-blue stone consisting largely of lazurite and speckled with yellow pyrite. Lapis was one of the most sought after and prized stones in the ancient world. It was used for jewelry, ornamentation, seals, and amulets. Egyptian blue paint was made from finely ground lapis. The stone has been found in many archaeological digs of ancient civilizations, including King Tut’s tomb.

Mines in Afghanistan have been producing gem lapis lazuli for nearly 5000 years and are still the worlds largest producer of the material. It is commonly agreed that lapis lazuli is actually the stone meant for the term “sapphire” in the bible. Sapphires were not known before the Roman empire and were initially thought to be jacinth.

Wednesday, October 23, 2013

Stones of the Bible I

Agates are a form of chalcedony (a fine-grained variety of quartz) that are banded or lined in a variety of patterns of colored layers. Colors range from white to dull yellow, red, brown, orange, blue, black and gray. “Agate” comes from the Greek word, achates, which is the name of the river in Sicily where agate was mined in abundance as early as 3000 BC.

Agates were highly prized among ancient civilizations. Large amounts of agate have been found in archaeological digs of Sumer, dating back to 3500 BC. Theophrastus (372-287 BC) notes that agate is a “marvelously beautiful stone” and was usually sold at high prices.
Amber is fossilized resin. It ranges in color from golden yellow to orange-brown. Ancient Greeks called amber "electrum." The Elder Pliny (23-79 AD) described amber's magnetic attraction, how that when rubbed it would become electrically charged and attract such things as straw, hair, dry leaves and feathers. This is where we get the word electricity. Amber is one of the oldest gemstones, having been found in archaeological digs of tombs dating to the Stone Age. The most valued amber (even today) is that which contains an inclusion of an insect.
Amethyst is a variety of quartz that is best know for it's rich, violet-purple hue. The color can vary in intensity from a pale, almost pinkish (mauve) color to a dark purplish violet. It is thought that the color of the stone comes from small amounts of iron in the quartz. The Greek name for the stone, amethustos (from which we get “amethyst”), literally means “not drunken” and it was believed that the gem guarded one against intoxication. Beautifully carved and engraved amethyst goblets, vases, charms and miniatures have been found in excavations.
Aquamarine is a light blue or bluish-green variety of beryl. Beryl is a silicate of beryllium and aluminum, occurs in hexagonal, prismatic crystals and is very hard as a mineral. Aquamarine was the most available variety of beryl during Biblical times, while the emerald (also a beryl) was more rare.
Carnelian is a translucent, hard, fine-grained variety of orangish red quartz that has often been used for ring stones and wax seals.

Carnelian has been frequently discovered in excavations of the ancient tombs of royalty. A string of expertly carved carnelian beads was found in Egypt dating back to 3100 BC.
Chalcedony is a cryptocrystalline (having crystals so small they cannot even be seen with a microscope) variety of quartz. It has a waxy luster and can be semi-transparent to translucent. There are many varieties of chalcedony, but most of them are known under different names and are distinguished by their color.

In Biblical times, chalcedony was used extensively in the carving of seals, signet rings, beads, bowls, goblets, glasses, and other household objects.

Tuesday, October 22, 2013

Nada Presentations for PhatHeads - CMI.v

Lets say howdy do to Mr. Drew Klein chief dorkus in charge of "Director, International Business Development" at C-Com Satellite Systems Inc.

Some may note that name in our "Stoxx Report". Yeah well this juggernaught has made it very and too clear it has NO intention whatsoever of producing the obligatory Corporate Presentation. Fuk that and we are dropping CMI.v without any further delay.
"Sedar and our website is all you need."

PS - you aren't helping. If you think you are, please stop."

Best regards, end of comms.....


Drew Klein Director, International Business Development

C-COM Satellite Systems Inc.

Mr Drew Klein can shove his abject stupidity where the sun doesn't fukkin shine. Failure to produce a regular presentation means C-Com Satellite Systems Inc is very, very likely a securities FRAUD.

That presentation is ultra critical on-going disclosure and if these flaming venture securities retards won't produce it, odds are FAR better than average they are crooked fukkin basterds in need of a 10 foot pole. After 850 public companies I have seen nada presentation about 6 times, and 4 of those were outright and outrageous venture scams.

Case Closed and this is one rule one never breaks. Good riddance C-Com Satellite Systems Inc. and the horrid dopes like Mr. Drew Klein therein.

Wednesday, October 9, 2013

J. Frank throws a keggar - BGM.v trading

MORE THAN a year in the twilight zone and MORE THAN a half price sale now (100% BECAUSE of J. Frank's black soul) and what NEWS does career value creationist J Frank have for his minions?

"Barkerville Gold Mines Ltd. and its subsidiaries have entered into a $15-million gold loan facility with 2176423 Ontario Ltd., which the company is informed is controlled by Eric Sprott, pursuant to the terms and conditions of a credit agreement dated Oct. 8, 2013. The facility was advanced by the lender on Oct. 8, 2013, in a single advance of $15-million in accordance with the terms of the credit agreement, which funds are held in escrow until the company's common shares are reinstated for trading on the TSX Venture Exchange, which is expected to occur on Oct. 9, 2013."

It matters not what price level this doomed and ridiculous equity is on any given day ... its going down and a body doesn't need to be a freakin rocket scientist to make that deduction. J Frank truly epitomizes what the Venture exchange is all about.

Wednesday, October 2, 2013

Tubby accounting for DumbTards - VFX.v

Our burning, incredulous arse is being subjected to more outrageous Tubberian abuse with the release of quarterly (unaudited) VFX.v numbers.

"Revenue growth of 1,577% from February 2013 to August 2013"
For the 3 months ended July we have a whopper revenue number of $ 8,749,351, butt hold that keggar for a second, the cost of sales was $ 8,486,146 resulting, naturally, in another loss of $ 333,522.

This multi-million dollar monthly money spinner is showing cash of $ 400k with receivables of $ 3.5m, all of which are greater than 30 days past due. Liabilities? An insignificant $ 4.1m, don't you worry your little head.
There is no allegation that there is no money changing hands with these multi-millions in "sales" ... it's a very obvious fact that cannot be disputed.

"The Corporation must also maintain a ratio of total liabilities to tangible net worth (defined as net assets, excluding intangible assets) of not more than 2.5:1. The covenants are assessed by the bank at the end of each fiscal year. At July 31, 2013, the Corporation is in violation with both covenants and as such, the bank has the right to demand repayment. At September 27, 2013, the bank has not demanded repayment."

That revolving debt is $ 900k + and is the only apparent source of funding for this damn joke.
One wonders who exactly is dense enough to be swallowing this utter and completely offensive horsechit.
From the notes ... "Approximately 87% of the Corporation's monthly service revenue and product sales during the period ended July 31, 2013 (2012 - 87%) were generated by 1 (2012 - 3) customer. Accounts receivable at July 31, 2013 includes $2,206,817 (2012 - $335,192) owing from this customer. This amount was fully collected subsequent to July 31, 2013."

There is no evidence whatsoever of anything being collected from an unknown party so far, let alone the kind of money being spewed about.