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The Friday OT: Nirvana; Lithium

Rocking out a quiet week on the blog:

Youtube here.

PS: Mind you, their best track always will be Breed.

Asanko Gold (AKG): Yes, they really are this stupid

A couple of interesting things arise from yesterday's NR out of AKG:

1) As other people such as Muddy Waters have noticed, the company QP Phil Bentley has quietly been removed from the company and its website. This is of course the same Phil Bentley whose work did for Great Basin Gold way back when.

2) To prove how stupid these people are, IKN has been told by more than one reliable source that in the days running up to yesterday's NR, AKG was quietly phoning round (what it deemed) "friendly desks" in the analysis/brokerage world, tipping people off about the upcoming negative news that would be in the NR. As Muddy Waters is currently short AKG, doing things like this is tantamount to suicide as 1) all insto desk phone calls are these days recorded 2) any smart US lawyer can subpoena for recorded information 3) Muddy Waters is full of smart lawyers. Once the smoking gun is discovered on these tip-off phone calls (and I am told they were most definitely in the plural) the USA listed AKG may well find itself in even more trouble than it is today.

(UPDATED) Just in case you're wondering about Lithium X (LIX.v) and its Argentina problem...

...and what Brian Bri-Bri Paes-Braga needs to disclose in his upcoming annuals, it's that the company has had its permits suspended in Argentina. That's because it made a godawful mess when it started to drill, the well literally blew up on them (and there's a video out there to prove it), the government went ape on them and closed the amateur freakshow down immediately.

Bri-Bri and his pals have been trying desperately to get the suspension lifted before the annuals come out, but to no avail. We're now in the interesting position where we get to see just how much they decide to disclose of this obviously material event. What's really worrying the other people working the zone is the fall-out this disaster might have on the whole Li exploration gig going on down there. They're less worried about Bri-Bri and his upcoming pinkslip.

UPDATE: Oh, was it something I said?

UPDATE 2: We hear that LIX is preparing a press release. This is a good thing. When they deny everything (they're telling people that this post "is not true") and say "the permit is on standby", IKN strongly suggests that inquiring minds phone up Orocobre and ask them about that video of the LIX well blowing up they have over there. And also the regional government of Salta to ask them about the permit suspension.


River Plate 8, Wilstermann 0

A magical night of football. River were 3-0 down after the first leg of the tie with Bolivia's Wilstermann, but at home they turned it on and are now in the semi-final of the Copa Sudamericana in the finest style. Five goals (5!) from forward Ignacio Scocco, but perhaps the best of the lot is the last one:

Enzo Pérez runs the length of the field. Youtube here.

There will be no posting on this blog today

For secret reasons.


FOMC and gold

The market never ceases to amaze me...

...about how dumb it truly is.

A Flash update...

...has just been sent to subscribers, Wednesday lunchtime. A couple of portfolio adjustments that were flagged and in the cards anyway, plus a couple of comments.


Argentina Peso update

The Argentine Peso's exchange rate to the Dollar is a reliable sensor for political rick. According to the country's Central Bank today, the month period before the early August PASO elections saw historic record demand for dollars from rank and file Argentines which in turn weakened the Peso significantly.

When the PASO primary election results came out and Macri's government did generally better than expected the Peso snapped back sharply, but the nerves are obviously still there as we count down to the big event, the October 22nd mid-term elections. The Peso can't go under the 17 barrier however much it tries.

Bobby Genovese runs the name change scam: Liberty Silver is now Bunker Hill Mining

A classic move of the shyster and scumbag, the man running Liberty Silver (LSL.cse) (LBSV.otc) Bobby Genovese (the same man accused of the $17m fraud by the US SEC in the same company) has decided to change the name of his company to "Bunker Hill Mining Corp", the change coming into effect on September 28th.

What's important to know is that nothing has changed: Bobby G is still running this BS pumpjob, it's still the same company, it's the same reprobates in cahoots with him, Bobby G is still under fraud charges. Or to paraphrase Bill the Quill:

What's in a name? that which we call a turd
By any other name would smell like crap;

The 7.1mag quake in Mexico looks serious

We're already at 42 deaths and if the images on just about every LatAm news channel are to go by, that's going to go a lot higher. A 7.1 is a big quake, maybe not a wow number but the problem in Mexico City is the soil liquifaction effect that turns the ground under the city into jelly and can ruin structural support of even solidly constructed buildings. Another place with this potential: Silicon Valley. Just sayin'

But back to the real issue today and wishing the best for residents in the zone. Good job it wasn't an 8+ like the one off the South Coast recently.

UPDATE: The official death toll is up to 57, but more chilling is the count of at least 29 collapsed buildings in Mexico City alone.The numbers are going to rise and that is not good at all.

Lithium X

Not long to go, Bri-Bri. People who will be interested in LIX.v's annuals include shareholders, IKN, the government of Salta and The Alberta Securities Commission/BCSC/OSC.


I'm surprised Dalradian ( isn't down a lot more today...

...after its NR this morning. Maybe the market doesn't get how negative this ore sorting news is, what with the company dressing it up to make it look like a positive.