Lets return to the subject of one of my most popular posts, a post about Mahdia Gold. Its not a very unique junior story, but its one that I cover and that not a lot of others do. I was also an investor at a time. To get a background on Mahdia, or re-read my previous post on them, click here.
So..whats new in the Mahdia saga? Well its working are striking for unpaid wages, which makes perfect sense considering that they have no money to pay them. here is the video Capitol News for your viewing pleasure, which shows the unfortunate individuals asking for their money. Interestingly enough, Stabroek News has an article (or partial article because they want you to pay for the reading beyond the first couple of paragraphs..granted only 25cents) which states they have been unpaid for 6 months and that Alan Zaakir "the former Chief Executive Officer who is now described as MGC’s Managing Director" has been contacted, but since I didn't pay the fee I can't read his response. Okay, so Alan Zaakir is still part of Mahdia Gold, which just goes to show how little hope there is for the large number of shareholders holding the bag on this joke. Oh, and what more, Mahdia Joint Ventured with a local company called Roraima Mining (Mahdia only has prospecting permits for the Omai property whereas Roraima has actual alluvial mining license) which someone on the ground tells me is actually owned, or at least in part, by Zaakir, although I am still trying to confirm these reports. As well, when he was exiled from the company, much to the joy of the angry investors who had been calling for his head for some time, it was basically a lie. Now that he back with the company one can only believe that he has always been behind the scenes.
It really is quite hilarious that this man can continue in this. When Andre Duchane came in, many investors thought it was a new dawn for the company. The man did very little other then set up a joint venture on a small scale alluvial operation which focused on the tailings on the past Omai mine, which was washed away once, and never produced any significant amount of gold.
The company still needs to pay their 7 million to the Guyana Mines department which will, in this market likely not happen. They have already gone over the set date, and over the extension, so who knows what will happen.
Sunday, November 2, 2014
Friday, October 31, 2014
Checking up on Biosynt and other TO Biotech stocks
I wrote up on this country in response to a PS Dave post where he bashed it as a pump and dump. Now, I never said it wasn;t but I looked at it more seriously then he did and really did think it had some potential.
I got in and out, but, have been checking up on it as I normally do with stocks that made me some money. Well, it has taken off. This is the chart when I first wrote about it
And this is how it looks now (without any Indicators as I don't need them to make my point here)
I've been looking at a number of medical/biotech companies lately,mostly based off of technical, although its not a bad area for me as it is more or less what I went to school for, but never did anything with.
I've been looking at T.GUD and T.PLI (this one I feel is good right now and can a quick buck can be made off a week long swing trade)
I got in and out, but, have been checking up on it as I normally do with stocks that made me some money. Well, it has taken off. This is the chart when I first wrote about it
And this is how it looks now (without any Indicators as I don't need them to make my point here)
I've been looking at a number of medical/biotech companies lately,mostly based off of technical, although its not a bad area for me as it is more or less what I went to school for, but never did anything with.
I've been looking at T.GUD and T.PLI (this one I feel is good right now and can a quick buck can be made off a week long swing trade)
Michael Sata Dies!
If you do not know who Michael Sata is, don't be to hard on yourself, he was the long reining "president" of Zambia. A guy who started off sweeping streets in London and went on to become the president of his native Zambia. A story competed with only by Nicolas Maduros rise from local bus driver to President (to his credit he did serve as Minister of foreign affairs and, vice president iirc). Anyways, regardless of his spectrum of employment, he has died. Which wouldn't be an item of great interest given the that he was 77 and the human death rate being 100% but..the vice president Guy Scott is now standing in as president (some reports say he has been named intern president, other say that he has not been officially sworn in). What is significant about this? Well, it is Africas first white leader in many years since the last white guy in South Africa.
Now, I know how this might seem. African national dies and this cracker blogger is concerned about the fact that a white guy is now president. The fact is, my family has ties to colonial Africa, there are still many members of my family (which I have never met) who live in South Africa (which should concern me I suppose), and, growing up, I heard lots of talk about African politics, so it has some relevance to me.
The other day a statement came out from Obamas office stating that he was "saddened by the death" and that he hoped Zambia could "make a peaceful transition" into the new presidency. A statement I find somewhat funny as Zambia is one of the few nations where tribal opposition does not exist, Sata having genocided his competition near the beginning of his rise to country leader. Almost all power struggles in Africa exist as tribal disputes and Sata, having eliminated his, has made Zambia a somewhat peaceful nation...as far as Africa goes anyways.
If you would like to read an actual article search for it on google.
Now, I know how this might seem. African national dies and this cracker blogger is concerned about the fact that a white guy is now president. The fact is, my family has ties to colonial Africa, there are still many members of my family (which I have never met) who live in South Africa (which should concern me I suppose), and, growing up, I heard lots of talk about African politics, so it has some relevance to me.
The other day a statement came out from Obamas office stating that he was "saddened by the death" and that he hoped Zambia could "make a peaceful transition" into the new presidency. A statement I find somewhat funny as Zambia is one of the few nations where tribal opposition does not exist, Sata having genocided his competition near the beginning of his rise to country leader. Almost all power struggles in Africa exist as tribal disputes and Sata, having eliminated his, has made Zambia a somewhat peaceful nation...as far as Africa goes anyways.
If you would like to read an actual article search for it on google.
Maybe I'll post a bit again
I used to have 3 daily readers but then I stopped blogging. Was quite busy and, quite frankly, bored and uninterested in the junior scene. If I do maintain this site like I was doing for a few months about a year ago, I would change the name, or start a new one altogether. As much as the market does give me a plethora of opportunities to make snide, sarcastic, and generally useless comments about the horde of junior mining executives learning to live without access to free money, it has gotten old and..well...there are a number of guys who already do it better then I do; presumably because they still care and still have some heart to put into their bashing. I think a blog more loosely centered around my economic and market interests, not pigeon holed to the junior resource market, and anything that really interests me. That being said, there are already good, intelligent, people who do it much better then I. but I digress...
That being said, I may just become lazy, and leave the blog altogether. No promises because its my little corner of cyber space and, seeing as I do not believe anyone still checks the site, all this mulling over of the blogs direction is earnestly in vain.
Anyways...lets get on to the exciting news. I wrote a post on Bobby Genovese a while ago (can be read here) and, one of the three comments pending after months of inactivity is a reply to such post, succinctly stating that "To avoid legal pursuance regarding Defamation Law and harassment this blog much be removed immediately", posted by an Anonymous individual. I aint scared on no honky lawyer. Especially since American defamation law does not extend to Nicaragua!
Now, you may be wondering what all this incoherence actually mean (have you picked it up, I'm trying a Faulkner influenced stream of consciousness approach to my blog right now...Before you scoff and say Joyce did it much better, I will tell you not to bother because I disagree. I think Faulkner was like James Joyce is some of his endeavors, but he could tell a story)
Hasta Luego!
That being said, I may just become lazy, and leave the blog altogether. No promises because its my little corner of cyber space and, seeing as I do not believe anyone still checks the site, all this mulling over of the blogs direction is earnestly in vain.
Anyways...lets get on to the exciting news. I wrote a post on Bobby Genovese a while ago (can be read here) and, one of the three comments pending after months of inactivity is a reply to such post, succinctly stating that "To avoid legal pursuance regarding Defamation Law and harassment this blog much be removed immediately", posted by an Anonymous individual. I aint scared on no honky lawyer. Especially since American defamation law does not extend to Nicaragua!
Now, you may be wondering what all this incoherence actually mean (have you picked it up, I'm trying a Faulkner influenced stream of consciousness approach to my blog right now...Before you scoff and say Joyce did it much better, I will tell you not to bother because I disagree. I think Faulkner was like James Joyce is some of his endeavors, but he could tell a story)
Hasta Luego!
Sunday, April 6, 2014
Does it gain me street cred that I used to play hockey on this street?
Saw this on IKN, but wanted to re post as it has a special meaning to me.
This is the area in which I grew up, I know exactly where this house is, and I used to play hockey with some friends on this street.
Interesting that it got shot up..or not really that intersting. I haven{t even looked at the companies, so I wont say anything, but its not surprising considering the general quality of character that makes up the junior mining world. You can read the vancouver sun article here.
And, just a quick search came up with this...which the Vancouver Sun article failed to include..and guess what, its from stockhouse. read it here for a little more info on his past.
This is the area in which I grew up, I know exactly where this house is, and I used to play hockey with some friends on this street.
Interesting that it got shot up..or not really that intersting. I haven{t even looked at the companies, so I wont say anything, but its not surprising considering the general quality of character that makes up the junior mining world. You can read the vancouver sun article here.
And, just a quick search came up with this...which the Vancouver Sun article failed to include..and guess what, its from stockhouse. read it here for a little more info on his past.
Mr.
More was a top-producer at Canaccord Genuity Corp. until 2008, when he
left the brokerage business and became a promoter. He is a director of
three companies, Aldrin, Mira Resource Corp. and Athabasca Nuclear Corp.
At the time of the shooting he was believed to be in Saskatchewan,
where Athabasca has a drill program under way.
He has also served on the board of at least one OTC Bulletin Board company, Mainland Resources Inc. Unlike the TSX-V companies for which Mr. More is a director, Mainland has attracted some controversy. On Dec. 9, 2013, the Investment Industry Regulatory Organization of Canada launched an enforcement action against Mr. More’s sister, Nicola More, for dealings associated with the company.
IIROC claimed that Ms. More, who was an adviser with Canaccord at the time, disclosed confidential client information to people not authorized to receive it. The recipients included her brother (only identified as “JM”) and an individual IIROC only identified as “BP.” (IIROC said that BP had a serious regulatory history. The description of that history matches that of Brent Pierce.)
Read more at http://www.stockhouse.com/companies/bullboard/v.aln/aldrin-resource-corp#AD9cDpkJBGvz153R.99
He has also served on the board of at least one OTC Bulletin Board company, Mainland Resources Inc. Unlike the TSX-V companies for which Mr. More is a director, Mainland has attracted some controversy. On Dec. 9, 2013, the Investment Industry Regulatory Organization of Canada launched an enforcement action against Mr. More’s sister, Nicola More, for dealings associated with the company.
IIROC claimed that Ms. More, who was an adviser with Canaccord at the time, disclosed confidential client information to people not authorized to receive it. The recipients included her brother (only identified as “JM”) and an individual IIROC only identified as “BP.” (IIROC said that BP had a serious regulatory history. The description of that history matches that of Brent Pierce.)
Read more at http://www.stockhouse.com/companies/bullboard/v.aln/aldrin-resource-corp#AD9cDpkJBGvz153R.99
Mr.
More was a top-producer at Canaccord Genuity Corp. until 2008, when he
left the brokerage business and became a promoter. He is a director of
three companies, Aldrin, Mira Resource Corp. and Athabasca Nuclear Corp.
At the time of the shooting he was believed to be in Saskatchewan,
where Athabasca has a drill program under way.
He has also served on the board of at least one OTC Bulletin Board company, Mainland Resources Inc. Unlike the TSX-V companies for which Mr. More is a director, Mainland has attracted some controversy. On Dec. 9, 2013, the Investment Industry Regulatory Organization of Canada launched an enforcement action against Mr. More’s sister, Nicola More, for dealings associated with the company.
IIROC claimed that Ms. More, who was an adviser with Canaccord at the time, disclosed confidential client information to people not authorized to receive it. The recipients included her brother (only identified as “JM”) and an individual IIROC only identified as “BP.” (IIROC said that BP had a serious regulatory history. The description of that history matches that of Brent Pierce.)
Read more at http://www.stockhouse.com/companies/bullboard/v.aln/aldrin-resource-corp#AD9cDpkJBGvz153R.99
He has also served on the board of at least one OTC Bulletin Board company, Mainland Resources Inc. Unlike the TSX-V companies for which Mr. More is a director, Mainland has attracted some controversy. On Dec. 9, 2013, the Investment Industry Regulatory Organization of Canada launched an enforcement action against Mr. More’s sister, Nicola More, for dealings associated with the company.
IIROC claimed that Ms. More, who was an adviser with Canaccord at the time, disclosed confidential client information to people not authorized to receive it. The recipients included her brother (only identified as “JM”) and an individual IIROC only identified as “BP.” (IIROC said that BP had a serious regulatory history. The description of that history matches that of Brent Pierce.)
Read more at http://www.stockhouse.com/companies/bullboard/v.aln/aldrin-resource-corp#AD9cDpkJBGvz153R.99
Mr.
More was a top-producer at Canaccord Genuity Corp. until 2008, when he
left the brokerage business and became a promoter. He is a director of
three companies, Aldrin, Mira Resource Corp. and Athabasca Nuclear Corp.
At the time of the shooting he was believed to be in Saskatchewan,
where Athabasca has a drill program under way.
He has also served on the board of at least one OTC Bulletin Board company, Mainland Resources Inc. Unlike the TSX-V companies for which Mr. More is a director, Mainland has attracted some controversy. On Dec. 9, 2013, the Investment Industry Regulatory Organization of Canada launched an enforcement action against Mr. More’s sister, Nicola More, for dealings associated with the company.
IIROC claimed that Ms. More, who was an adviser with Canaccord at the time, disclosed confidential client information to people not authorized to receive it. The recipients included her brother (only identified as “JM”) and an individual IIROC only identified as “BP.” (IIROC said that BP had a serious regulatory history. The description of that history matches that of Brent Pierce.)
Read more at http://www.stockhouse.com/companies/bullboard/v.aln/aldrin-resource-corp#AD9cDpkJBGvz153R.99
He has also served on the board of at least one OTC Bulletin Board company, Mainland Resources Inc. Unlike the TSX-V companies for which Mr. More is a director, Mainland has attracted some controversy. On Dec. 9, 2013, the Investment Industry Regulatory Organization of Canada launched an enforcement action against Mr. More’s sister, Nicola More, for dealings associated with the company.
IIROC claimed that Ms. More, who was an adviser with Canaccord at the time, disclosed confidential client information to people not authorized to receive it. The recipients included her brother (only identified as “JM”) and an individual IIROC only identified as “BP.” (IIROC said that BP had a serious regulatory history. The description of that history matches that of Brent Pierce.)
Read more at http://www.stockhouse.com/companies/bullboard/v.aln/aldrin-resource-corp#AD9cDpkJBGvz153R.99
Mr.
More was a top-producer at Canaccord Genuity Corp. until 2008, when he
left the brokerage business and became a promoter. He is a director of
three companies, Aldrin, Mira Resource Corp. and Athabasca Nuclear Corp.
At the time of the shooting he was believed to be in Saskatchewan,
where Athabasca has a drill program under way.
He has also served on the board of at least one OTC Bulletin Board company, Mainland Resources Inc. Unlike the TSX-V companies for which Mr. More is a director, Mainland has attracted some controversy. On Dec. 9, 2013, the Investment Industry Regulatory Organization of Canada launched an enforcement action against Mr. More’s sister, Nicola More, for dealings associated with the company.
IIROC claimed that Ms. More, who was an adviser with Canaccord at the time, disclosed confidential client information to people not authorized to receive it. The recipients included her brother (only identified as “JM”) and an individual IIROC only identified as “BP.” (IIROC said that BP had a serious regulatory history. The description of that history matches that of Brent Pierce.)
Read more at http://www.stockhouse.com/companies/bullboard/v.aln/aldrin-resource-corp#AD9cDpkJBGvz153R.99
He has also served on the board of at least one OTC Bulletin Board company, Mainland Resources Inc. Unlike the TSX-V companies for which Mr. More is a director, Mainland has attracted some controversy. On Dec. 9, 2013, the Investment Industry Regulatory Organization of Canada launched an enforcement action against Mr. More’s sister, Nicola More, for dealings associated with the company.
IIROC claimed that Ms. More, who was an adviser with Canaccord at the time, disclosed confidential client information to people not authorized to receive it. The recipients included her brother (only identified as “JM”) and an individual IIROC only identified as “BP.” (IIROC said that BP had a serious regulatory history. The description of that history matches that of Brent Pierce.)
Read more at http://www.stockhouse.com/companies/bullboard/v.aln/aldrin-resource-corp#AD9cDpkJBGvz153R.99
Monday, March 17, 2014
BanPro is broke
You heard it here first (all of my 4 unique readers a day) BanPro Grupo Promerica (one of the banks here in Nicaragua) is broke.
I thought they were just messing with me, not giving me the money I foolishly deposited into the bank so I got a number of reporters to go in and publicize the story on the radio. It was meant to be just a 30 some odd minute segment but the station was flooded with calls from viewers stating that they too are having the same issue.
The bank, at least the one here in Granada, has been embargoed from receiving any deposits or opening up new accounts. Of course, they already weren't giving people their money so their activity has been reduced to nothing.
Now, the government backed FOGADE (the deposit insurance) only covers up to a measly 10k across all banks accounts. Lots of people will loose a lot of money here.
Another well run bank
I thought they were just messing with me, not giving me the money I foolishly deposited into the bank so I got a number of reporters to go in and publicize the story on the radio. It was meant to be just a 30 some odd minute segment but the station was flooded with calls from viewers stating that they too are having the same issue.
The bank, at least the one here in Granada, has been embargoed from receiving any deposits or opening up new accounts. Of course, they already weren't giving people their money so their activity has been reduced to nothing.
Now, the government backed FOGADE (the deposit insurance) only covers up to a measly 10k across all banks accounts. Lots of people will loose a lot of money here.
Another well run bank
Sbb breakout
Well, the sabina chart has shown a nice break above the $1 mark. Its by more than the 3% of price that I like to use as one piece of confirmation.
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