Mining Minerals & Metals Share Discussion Threads

[bongo bwana] 20/6/2008 11:23

Im hoping to attend.

If I get there I will prepare a report.

[haydock] 20/6/2008 11:21

AGM next week, anybody going along this year?

[1waving] 18/6/2008 18:15

Haydock, interesting reaction, CEY still a junior but a large and growing one, HIF smaller and more vulnerable.

[haydock] 18/6/2008 17:28

Passed on to HIF & CEY.
Reaction on CEY so far that he has perhaps boiled over.
They know little of the problem on CEY.

[1waving] 18/6/2008 17:01

That weather forecast looks good for the rest of this week and then I think the rains will set in. That will have given 4 weeks of drilling at Komana East in addition to that previously announced.

That has given time for substantial infill and depth drilling at KE to produce a very good JORC estimate.


Hope a good few of you passed Jim Sinclair's message on. The more that do the stronger the effect.

.

[1waving] 17/6/2008 23:06

from Jim Sinclair --- for company management and shareholders -- pass this on to all juniors you may invest in:--

Posted On: Tuesday, June 17, 2008, 4:43:00 PM EST

The Day The Juniors Fight Back

Author: Jim Sinclair

Dear CIGAs,

I respectfully request that each member of the JSMineset community send this missive to the management of their precious and base metals junior investment company. Please follow up on it to be sure it has been reviewed.

Strength In Numbers

The junior producer and exploration and development companies need to consider the formation of a Chamber of Mines for this section of the industry.

This Chamber should be free of any individual company agenda, free of fees and other interferences with the singular intention of protecting our shareholders from being attacked by those in the shadowy part of finance.

There are close to 2000 companies in this part of the industry, many of which are experiencing the same extreme nuisances.

The naked gold short seller is an entity engaged in a criminal act with a goal of doing serious injury for the purpose of profit and is therefore a major target in terms of civil liability. The short and naked short pool operations are exactly the same but more apt to be a conspiracy to injure slightly then become subject to RICO statutes.

The job of this working Chamber of Mines as a singular unit is to pull these criminals out of the shadows into the light of day.

No matter how well they feel they are hidden there is always a paper trail going back to the perpetrator in this financial world.

Certain financial areas of secrecy in many cases do not protect the spoils of criminal activities. This may be proven soon at UBS where an officer is under arrest in the USA and is due to go to court shortly.

It does not mean anything that neither regulators nor exchanges care about the naked short or short selling pools, regardless of whether they are naked or not. If the stockholders and the company who's values have been injured initiate civil proceedings, discovery will be full of legal opportunity. You cannot erase the paper trail that exists to every transaction.

My request is simple:

Contact the management of every junior precious metals producer, exploration and developer, asking them to contact Editor Dan at [e-mail] so that the Chamber can take form.

There is no hidden agenda, no money to be collected, and no desire to stroke egos and no desire for private corporate information. I do not wish to be anything but a member. Let the organization elect its officers so we can act as one. We can speak as one. We can win as one, but we are weak when scattered as the industry is now. Organize and we are a legion. Expose the perpetrators and then it is all over. The data is there. It can be organized and it can be dissected, yielding the evidence trail of those who wish to hurt, sometime simply because they are mean, sometimes for illicit profits.

Add to that that sociopaths mistreat their associates and employees by nature. No looking may be required. It might just happen to come over the transom, even though we do not invite that.

You stockholders must push your management hard. Personally there is nothing that I will NOT do in order to protect both my and my investors' interests.

I herewith dedicate my life, my fortune and all that I am to the identification of the perpetrators and their conduits used. Those sociopaths that take joy by inflicting severe injury for profit by conspiracy and the use of dirty tricks must be the hunted of nearly 2000 company's determined managements and their more than 500,000 very angry stockholders.

There is only one way to defend stockholders, which is through the organization and strategy of a major offensive. Forget attorneys at this point. Regulators are of no help. A Chamber of Mines acting together can prevail.

I will even if I must go it alone.

Together we are legion. Alone and looking the other way you are a victim. I have never been a victim. No one depending on me will be a victim.

There is NOTHING I will not do to protect those that depend on me. I am livid. Enough is enough.

We will add risk to the bad guys. That proposition you and they can depend on.

Your friend,
Jim Sinclair

[bluelynx] 16/6/2008 09:39

This is a post from Jim Sinclair's website which is very pro gold, he seems to believe most junior gold mining companies are being massively short sold, hence the large falls in junior gold miners.





Posted On: Sunday, June 15, 2008, 11:06:00 PM EST

Fighting The Manipulation Of Juniors

Author: Jim Sinclair


Dear Jim,

Is there anything that can be done to resist the clear manipulation of almost every junior precious and base metals situation?

It has me fighting angry, as are thousands of other shareholders. These cowards count on their ability to hide common to cowards.

All the best,
CIGA Green Hornet



Dear Green Hornet,

Almost every junior has been fighting illegal shorts that funnel their illegal selling campaigns through lax regulations and exchange inaction in Canada.

By reviewing the juniors you will see every time they break out and up from a formation they are pushed directly back.

Any juniors issuing good news are met with significant selling on the day of the release.

I am very active on the issue. There are ways to fight this.

You need management willing to do anything required to protect their shareholders.

The prime illegal naked short selling suspect is determined by comparing the most active trading and the brokerage firm. This is revealed in the issue that has a small or no position on the reports to the company.

You need the monthly activity reports, the most recent participant reports, the consenting and not consenting to release list the name of the holder to the company and the available list of not consenting major stock holders.

All of those items are obtained by your investment's management, if you know where to look at a company.

With this information, you have identified the broker for the illegal short.

By proprietary means, perform #1 which is automatically #2.

Pull the perp out of hiding into the light of day.
Put risk into the equation for the individual or fund manager. At present, the naked short seller feels he or she has no risk as their cover is solid. No cover is solid if you know how to decimate it.
The first junior to make a major deal with the Chinese or Saudis will initiate a new non-defined interest in the situation which will put an impossible to define financial risk for the illegal in the equation. This will turn that issue hard up and pull many of the good juniors with it.
All the best,
Jim

[serpicouk] 14/6/2008 20:35

From a quick look at recent prevailing wind direction in Mali it certainly looks like its changed from the dry seasons west/north-west to the rainy seasons east/south-east. Guess the average start date for the Mali rainy season is mid-June with the start of the heavy rain in July.

Looking at the satellite images there is certainly a lot of precipitation running along the west coast of Africa so surely won't be long before the rains penetrate in-land.

Actually, here is a 15 day forecast for Bamako, Mali:


As you say 1w, let's hope GEX are making hay whilst the sun literally shines. Next week doesn't look too bad...week after looks a bit wetter.

[1waving] 14/6/2008 18:51

No RNS yet to say drilling has ended as the rainy season has set in. Last drill results at Komana East were up to May 23rd so we've had three weeks for further infill drilling to establish a very good initial JORC estimate at KE. Might we get another weeks drilling, the longer we go the better the JORC will be.

.

[1waving] 09/6/2008 18:50

Glencar said follow up RC drilling would take place at Soloba but gave no hint of further drilling at Kama, seem to have considered it important to drill there this season.

From 5 RC holes initially it's now up to 15 RC holes for just under 2,000m of drilling at Kama. Should get a fair idea of potential there with that amount of metreage, when the results come through.

.

[1waving] 08/6/2008 21:08

Just noticed from the drilling table in the Annual Report that 10 further RC holes have been drilled at Kama since the results announced on 30th Jan, so that adds further to the list of results outstanding.
.

[serpicouk] 07/6/2008 00:03

When was gold this 'cheap' compared to oil? Gold-oil ratio at 6.5?

[pecker1] 06/6/2008 09:49

Perhaps an equally big problem to the number of drill rigs available is the prolonged time to get assays back. This means it's difficult to plan further drilling on the basis of the results you're getting unless you go for a batch drill approach. This means decamping to another site, drilling a batch, then moving to another,before coming back to the first site! This seems to have been what has been happening.Fortunately the distances between sites are fairly small so not much time wasted.

No doubt we'll find out at the AGM how many drill rigs they have and whether any more are planned for next season.

[haydock] 06/6/2008 09:17

I suspect they will look at the state of the market & put more eggs in one basket, which will be Komana E & W.
They will attempt to grow the figs on this to attract a buyer or j/v.or even deveolop a plant.
Then when the cash situation becomes better, they can move on to other sites.

The scatter approach could progress for years.

[1waving] 05/6/2008 19:03

Drill rigs for next drill season ---- How many ?

It's been a cracking drilling season with plenty more results to come and increased JORC for KW and initial JORC for KE, but looking into the next drill season, there's a whole host of existing strikes and new targets to be drilled.

At Komana there is Komana East and Komana West that will be looking to extend strike, depth and JORC resource. First pass drilling at Soloba and Kama will need developing on. Then there are the 5 targets identified to the South of Komana East along a 10km strike length. The airborne survey is quite likely to have given indications of further targets.

At Solona there are 3 targets to be RC drilled and possibly additions to that from the airborne survey.

That adds up to 12 known strikes/targets to be drilled plus any further targets identified. Glencar is very attractive at the moment for any potential earn-in partner and we may be looking at that happening at some point next year.

Before that happens would like both Komana and Solona advanced to the point where a strong majority of targets have been at least first pass drilled and known strikes developed on to enable us all to understand the full potential of these two areas. It is possible that Komana or Solona will be JVed out, or even both, or neither. Maybe the favourite is for one license area for a JV

How many rigs do you think are needed to achieve a reasonably full understanding of both Komana and Solona in the next drill season ???

.

[bongo bwana] 05/6/2008 08:32

Dont overlook the food sector!

[loafingchard] 04/6/2008 23:27

Thanks guys for the links , excellent reading . Must move more dosh into miners and commodities .

Good luck all

[1waving] 02/6/2008 21:13

From Hans Peter Schmidlin on Seeking Alpha

TGR: How does an individual investor really understand if it's a really good property or not?

HPS: You need to be a really good geologist, and most investors are certainly not geologists. So that's where you have to go into specialized fund investments. A fund that is investing in resources should have a geologist at least as an advisor, if not as an employee. These guys understand where they can invest and where not.

But it could be that mid- and especially small-caps mining companies will take off again, because I see a similar situation to 2002. In 2002, many small companies, with prices at really low levels, as is the situation now, exploded over 12 to 18 months. We certainly are in a similar situation, and I cannot say it isn't possible. But where I'm focusing now is in the mid- and small-caps because they have to be bought out by the big-caps. Big-caps will try to catch more reserves and resources through buying up mid-caps. They will also try to profit from the low market cap at the moment, because of the really, really cheap levels right now.

TGR: Back to your comment about 2002, when people were really buying small-caps and really running the price up. What was causing individuals to buy in the small-caps after the sell off in 2002?

HPS: The bull market in gold just started then, exploded in summer 2003, and at the beginning we had a similar situation with fear about the markets. At that time it was because of Enron, WorldCom, and other big companies, but this time it has happened because of the overall financial system. There are currently huge losses, and that's why people think the juniors will have a lot of trouble raising money.

But as we are having a big, ongoing bull market in the metals, why shouldn't they get financed if they have a really good property? If you know you have one million or two million ounces of gold in the earth, you can make an easy calculation how much it will cost to get it out and at what price you can sell it and how much profit there will be... if you have almost a guaranteed profit, you always will find financing. And that's a very important point.

Full article


Glencar geologists now on their 3rd major gold find, geologists can consider themselves fortunate to find one good strike in a career.
Demonstrates how good Glencar's geologists are.
.

[stenick] 02/6/2008 18:32

The wind is changing,oooo ar Jim lad......lol..

[1waving] 02/6/2008 09:27

maybe related to an after hours sell of 100k on Friday at 1704hrs

This morning appears to have just been buying.

edit: by the way , that sort of after hours dealing, particularly on a Friday is a well known shorters tactic. Not the first time this has happened to Glencar over the last 7 or 8 months.

[maniac3] 02/6/2008 08:12

... and yet it still drifts lower!