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Posts posted by frizzers

  1. First Mining Finance Corp / FF.t


    There's a new IPO coming to Canada in the totally bombed out sector that is junior mining.



    FF.t / First Mining Finance ... weekly : 2-yrs : 6-mos / 10-d



    Ratio: FF.t -to GDXJ



    The man behind the deal is Keith Neumeyer.
    For those of you that don't know Keith, he built First Majestic Silver (TSX:FR) and took it from penny stock status to $25 a share (in the heady days of 2010-11) with a 3 billion plus dollar market cap. It is now one of North America's leading silver producers and even in today's beaten up silver market it remains profitable with a market cap of around C$900m and a share price of $7.50. Keith was previously behind First Quantum Minerals (TSX:FM), which followed a similarly enormous trajectory to become one of the world's biggest copper producers. His record in mining is pretty much second to none.
    Also involved are many of the other key personnel from First Majestic, such as Ramon Davila and Raul Diaz.
    The strategy of the company is, simply, to tap into their huge knowledge base and use it to acquire as many quality mining assets as possible (Americas only) while they are going for a song (we're currently seeing the lowest valuations in 20 years), spend as little as possible on them (watch them 'incubate' I believe is the word) and wait for the time that the mining capital markets stabilise at which point they hope to have a pucker portfolio of assets on their hands.
    Revenue will eventually come from re-sales, JVs, royalties and streaming structures.
    They already have 18 properties at various stages of development (gold, silver, copper, lead and zinc) and have raised C$2.7m. The company will IPO in Canada via an RTO next month and plans to raise another C$5-10m (at 50c) in the process. A C$10m raise would mean 80m shares outstanding an an approximate market cap of C$40m. Management will own about 10% and First Majestic shareholders 25-30%.
    The success of First Mining Finance depends on the metals markets, of course, but the ideal situation would be for them to remain depressed for another while so that assets can be picked up for zilch and for things to then pick up, as surely they one day will. I don't know what the market reaction to the stock will be, of course, but I suggest this is one to hold for three to five years.
    Anyway, if you are interested in finding out more or in taking part in the IPO, please let me know and I'll send over forms. If you want to speak to Keith, I'll try and arrange that too. frizzers at gmail dot com.
    (I'm investing fwiw)


    KFG Resources Ltd ... update : 10-days



    Obviously, this is now a news driven equity.

    If you like the news, the buy point is 9-10 cents.

    Minimum rally should be back to the high at 15 cents - Watch the volume.

    Sell there, if it is weak, maybe


    What's the news here?

    Thanks Doc.


    The news is basically increased resources and production (hoped).


    I'm interested in that trend line you have drawn - how did you arrive at tht?

  3. Not sure if this has already been posted, but in case it hasn't this 45-minute movie is worth watching. It is scary stuff.


    From: http://www.youtube.com/watch?v=https://www.youtube.com/watch?v=AUjHb4C7b94


    The Islamic State, a hardline Sunni jihadist group that formerly had ties to al Qaeda, has conquered large swathes of Iraq and Syria.


    Previously known as the Islamic State of Iraq and Syria (ISIS), the group has announced its intention to reestablish the caliphate and has declared its leader, the shadowy Abu Bakr al-Baghdadi, as the caliph.


    The lightning advances the Islamic State made across Syria and Iraq in June shocked the world. But it's not just the group's military victories that have garnered attention — it's also the pace with which its members have begun to carve out a viable state.


    Flush with cash and US weapons seized during its advances in Iraq, the Islamic State's expansion shows no sign of slowing down. In the first week of August alone, Islamic State fighters have taken over new areas in northern Iraq, encroaching on Kurdish territory and sending Christians and other minorities fleeing as reports of massacres emerged.



  4. This week has seen the emergence of two separate plans to have the best of both worlds. Ripple, a digital payments network that allows people to transact in a range of virtual and traditional currencies, said it had developed a way for people to transact in a digital form of gold. The announcement on Tuesday came on the heels of a company called Anthem Vault saying it had created its own virtual currency backed by gold, known (inevitably) as Independence Coin.



  5. Nice work Dr - here's hoping you're right.


    Your theory raises the question - does debt matter (in a world in which you can print your own money)? And are gold and US debt still related?


    Gold bugs will tell you debt does matter. And that debt and gold are related. And that 'it can't go on much longer'. All that stuff. But recent years (and the 80s and 90s) would suggest otherwise.


    I don't believe this chart for a second, but it's a bit of gold price erotica, so I post it anyway




    From here- http://tradermc.com/articles/gold-elliott-wave-projection-since-1970/

  6. Yeah, I've watched it now.


    She was just having some fun with numbers to try and make her speech more entertaining and give it some kind of theme. It is nothing more than that.


    To leap to the conclusions that the interpreter of the vid has leapt to is verging on the delusional in my opinion. There is a great deal of mental bias, logical fallacy and all the rest of it - of which this is one example.


    I really would recommend reading McRaney's book 'You are not so smart' - http://www.amazon.co.uk/You-are-Not-So-Smart/dp/1851689397


    Have a skim round this poster and try to find examples of these logical fallacies in the Lagarde interpretation. It's a good exercise.

  7. Nobody's defending Facebook. And nobody's criticizing your excellent work on that gold call last month.


    That book I recommended has a reference to Facebook on the front cover, but that is not what the book is about. I really recommend it. It is a compelling read about how the mind works.


    The changes you describe to financial systems, healthcare etc are coming, I agree. Current systems are bankrupt and better more efficient systems are around the corner. I don't believe they are coming because of co-oridinated attempts by cabals, illuminati and all the rest of it it, but because of improved tech - http://www.virgin.com/entrepreneur/how-bitcoin-tech-will-revolutionise-everything-from-email-to-governments .


    I'll watch that vid now.

  8. Ten ways to be an effective political activist, in a roughly decreasing order of importance:

    1. Be prepared to vote with your feet. Add interstate and international diversity to your social networks -- both personal and business. Lower your costs of exiting, if the need should arise, the jurisdictions that impose on the territories wherein you reside. Repeatedly in history -- from the old American frontier to the fall of the Berlin Wall to modern jurisdictions that specialize in international trade -- low exit costs have not only enabled liberty for the individual and the small group, but they have more than any other factor motivated the larger jurisdiction to provide the most important rights and freedoms for those who stay put. Grow interpolitical roots so that no single polity can chop down your tree. The good news is that modern communications, travel, and standardization of international languages (mostly on English) have made diversifying our social networks -- growing international roots -- far easier than ever before in history.

    2. Influence our law in action. Serve on a jury and insist on protecting those who have not been proven to harm or intend to harm another.

    3. Make your own law. For starters draft your own contracts, wills, prenuptial agreements, and property deeds. Even better if you can do this as a service for other people, but for that you will generally need to be a member of the appropriate legal guild. To draft law usefully, whether for yourself or others, you will need to learn the real law they don't normally teach in public schools: contracts, property, trusts and estates, and torts for starters, or else (often a second best choice to learning law yourself) retain the services of a sympathetic lawyer. Learn actual law -- don't turn into a whacko running around putting liens on other people's property based on interpretations of the UCC quite remote from what any judge would contemplate. But do start to make your own law. You cannot be free if you cannot make your own law.

    4. Influence our law in action. Donate to or get involved with the Institute for Justice and other organizations of politically and legally savvy people defending our most important rights and freedoms in the courts.

    title.gif5. Make your own law: use strong security to protect the people, relationships, property, and data you value. Learn to defend yourself and your loved ones with weaponry. Write and use cryptography, smart contracts, bit gold, digital cash, and other security protocols made possible by computer science.

    6. Tell us about your good research and good ideas: write a blog, comment on a blog, write papers.

    7. Start a multinational small business.

    8. Vote with your pocketbook -- buy and sell the goods, services, stocks
    and bonds that promote liberty, and boycott those that promote its

    9. Get involved in a lobbying group or political campaign where you can make a difference: usually a local campaign, but on rare occasions a national one.

    10. Vote for and against politicians, but don't be fooled -- of all these
    ten ways to make a political difference, voting in a political election makes the
    least difference.

    From here - http://unenumerated.blogspot.co.uk/2007/08/ten-ways-to-make-difference.html

  9. These kind of doomsayer predictions have been duping people for centuries. The Internet has given them a worrying amount of life. For every thousand of these predictions one might actually sort of happen.


    My recommendation is to stop consuming these kind of misinforming media. It screws with your head and leads to bad choices.




    Instant transactions, no waiting for checks to clear, no chargebacks (merchants will like this), no account freezes (look out Paypal), no international wire transfer fee, no fees of any kind, no minimum balance, no maximum balance, worldwide access, always open, no waiting for business hours to make transactions, no waiting for an account to be approved before transacting, open an account in a few seconds, as easy as email, no bank account needed, extremely poor people can use it, extremely wealthy people can use it, no printing press, no hyper-inflation, no debt limit votes, no bank bailouts, completely voluntary. This sounds like the best payment system in the world!

  10. The Fraud at the Heart of our Economy


    Old stuff to you guys, but at least its being said.

    11.5% annual money supply. 37% of new money goes into property. ignored by CPI. 0.5% interest rates rewarding capital and assets, but penalising labour.

    Here's a link

    There is a fraud at the heart of our economy.

    It is fraud that our leaders have chosen to ignore, if not actually perpetrate. It is a fraud that causes the wealth gap to widen.

    And it is a fraud that is destroying the middle class.

    That fraud is inflation.

    Read on ...