California Gold Corp Hilarity

As can be seen, there are a couple of companies I like to pick on and Mexivada being one of them. If you would like to know why, read some of my previous posts on them, if your too lazy to read my previous posts  on the matter (and I don't blame you because I'm to busy to provide the link) they are basically run by one old asshole who options out parts of the desert in Nevada and collects the thirty some odd grand  option payment he receives from other juniors. Kinda like a cheeky real estate company. Oh yea, they also been halted since forever (still collecting "management and general administration costs" though)


Anyhow, one of their moose pastures is optioned to an OTT stock called California Gold Corp (CLGL), who announced a few days ago that the company has "completed a proposed private placement and will continue operations as MV Portfolios". Well, I'm not sure if the company is called MV Portfolios as stated in the title, or MVP Portfolios as stated in the rest of the news release. Lets go with MVP.


MVP doesn't even have a website. A search of their name comes up with the California gold corp news release, not a website or anything else to give the impression that they actually do anything. Fortunately Corporatewiki.com exits. Interestingly enough




"Mvp Portfolio LLC filed as a Florida Limited Liability in the State of Florida on Friday, July 26, 2013 and is approximately one year old, according to public records filed with Florida Department of State. The filing iscurrently active as of the last data refresh which occured on Sunday, September 01, 2013.Key People."





"William Meadow serves as the Manager and has interests in other corporate entities including Visre Inc, National Image Link, Inc. and seven more corporations. William's past corporate affiliations include Top FUNDS1, LLC, Digital Design, Inc. and seven others."

Interestingly enough, California Gold Corp does not list any directors or management on its website (actually it doesn't say a whole lot of anything) but with a little bit of looking it turns out that William Meadow was director.

So now, we get this great piece of hilarity. You can't make this up. this is a excerpt from this press release posted on the CLGL stockhouse page....






JACKSONVILLE, FL--(Marketwired - Mar 17, 2014) - Visual Real Estate, Inc., a wholly-owned subsidiary of California Gold Corp. (OTCQB: CLGL) and company founded by Jacksonville inventor and entrepreneur William Meadow, today announced that it has filed a patent infringement lawsuit against Google Inc. in the United States District Court for the Middle District of Florida. The lawsuit claims infringement of three of Visual Real Estate's patents: U.S. Patent number 7,389,181, entitled "Apparatus and Method for Producing Video Drive-By Data Corresponding to a Geographic Location";Read more at http://www.stockhouse.com/news/press-releases/2014/03/17/visual-real-estate-inc-files-patent-infringement-lawsuit-against-google-inc#xuGZZIvuhCHZeUmD.99|

Interesting volume on Calibre

I know, I should walk away, just leave it out of my life, but I found it interesting that the stock has traded higher than normal volume on Thursday and Friday and has had a positive close for three straight days. Something that hasn't happened in this stock for well, at least two months, but probably longer.


Will be interesting to see if someone got hold of any trenching results that CXB so loves to put out and figures the market will like them. They move quite a bit of news, only question is which direction.

Does Radiohead really suck?

Seems to be what IWNATTOS is on about right now. Posting excerpts from the angsty David Thorpes "your band sucks column" over at Something Awful, a site that the internets have essentially forgotten by all except their resident neckbeards and  hentai/tentacle porn aficionados.


I've been a fan for many years and quite like the majority of their work. That being said, I'll agree Thom Yorke can be quite annoying when hes doing anything other than playing music. I went to a show once in Vancouver and the fucker broke out into political/save the environment speech.


That being said, musically, they can be quite good. Even Brad Mehldau agrees, having done his own renditions of a number of Radiohead tracks. Not going to appeal to authority, but c'mon, the man is one of the best Jazz pianists breathing, the guy knows music. Here's Brand Mehldau playing one of my favorite Radiohead tracks, "Knives out".

Riding NES

I used to watch this stock before everything really went to shit. They have a catalog of excellent drill result but the market was unimpressed when their maiden 43-101 came out. After that, I kinda lost interest and moved on to other stocks.


Having recently checked up, I see a nice upward channel forming. The thing I like about it is the three big bounces off of the lower channel the Bollinger bands have been quite wide throughout the trend but appear to be narrowing.


Fairly simple chart, take a look.

B2Gold Announces their "Positive" PEA for their Colombia Project

Well, a positive PEA for a project named Gram-A-Lot(e)...yea...who are you kidding.

 -- Open pit gold mine with an initial life of mine ("LOM") of 14 years based 
      on Measured, Indicated and Inferred Mineral Resources. 
 
   -- Average annual gold production LOM of 317,500 ounces at US$664 direct 
      cash cost per ounce. 
 
   -- Average annual gold production of 373,300 ounces per year for the first 5 
      years of production. 
 
   -- LOM gold production of 4.445 million ounces. 
 
   -- Average LOM total operating costs (including sustaining capital) of $736 
      per ounce of gold 
 
   -- Annual processing rate of 16 million tonnes per year. 
 
   -- Average LOM gold recovery of 95% from conventional milling, flotation and 
      cyanide leach of the flotation concentrate. 
 
   -- Estimated pre-production capital cost of $1,176 million. 
 
   -- LOM pre-tax net cash flow of $1,521 million, and after tax net cash flow 
      of $990 million at a gold price of $1,351 per ounce. 
 
   -- Net present value ("NPV") pre-tax of $714 million and after-tax of $398 
      million at a 5.06% discount rate and gold price of $1,351 per ounce 
      generating an after-tax internal rate of return ("IRR") of 11.5%. 
 
   -- Project payback of 4.8 years. 

yea....

Kinda low grade and a very low pay back rate but whatever, they have other good projects, and I mean, really, they are only into at 49% anyways....

Stock is up on the day though.


Update: The Clive stated in his Q2 conference call that they would be ready to shelf the project if mine economics call for it. Took it as a way of saying that the results of the PEA were not as "positive" as its own title states.

Truth being told is that the payback period is very long and the grade is no where near impressive. They have other projects that are better and this isn't a 100% BTO project. We will see how it goes. Stragely enough, the market seemed to like the PEA. The stock went down following the Q2 reports...which I felt was at least a bette release from a share holders point of view than the PEA. 


To be honest, I have yet to actually look at any of the technical reports for the Gramalote project with any depth so I can't say to much.

Other people post music so why can't I?

Possibly one of his best tracks off possibly one of his worst albums.


What makes it so special? Perhaps the last great track done by Enrique Morente before he died. As well, Vicente playing is, as usual, beyond comparison. Whether you like him or not (and he is very polarized) he is the man of modern flamenco and, perhaps, or at elast in my humble opinion, the most technically capable of all flamenco players.


Well, here it is, Autorretrato by Vicente Amigo with the late Enrique Morente

Biosynt (RX)

I wrote about this company originally as a response to a post by PS Dave about a V listed biotech company I had never heard about. He had less than admirable things to say about the company, but with a chart like this, what does it matter. I sold out way before. I thought a dollar gain was good enough (and why not complain) but having another look today, must be a nice feeling to have been in the sub $1 levels and holden long.


I was skeptical that it was a real pump job as, having had worked with supplement type companies before they are more interested in building a good balance sheet company by selling items with questionable efficacy than running a typicall VSE or Louis Loboto James type pump scheme. As well, they only have 13.6 million shares out, no rollbacks/forwards under a previous name, and no one who I have known to be associated.


But...what do I really know anyways.

To bad there aren't larger blocks on the ask side, could make for a good scalp if one is so inclined.