GOT, BTO, QRC, RIO, MIRL
The saying goes that the definition of insanity to to keep repeating the same action but expect a different result. By that measure, the management of Goliath Resources aka GOT are certifiable.
They have now put out four almost identical PRs in 12 days regarding drilling on the Surebet area of their Golddigger prospect in BC's Golden Triangle without including a single assay. Just like last year when they usually virtually the same strategy, this money-wasting PR campaign has not had any positive effect on the share price.
Maybe somebody has a better explanation for why they are wasting money of pointless PRs instead of spending the money speeding up the delivery of assays that might actually help the share price. It makes zero sense to me.
Message 34352808
Clive Johnson, the CEO of gold producer B2Gold aka BTO, always craves media attention, and he got some last week that they are looking for more assets, but not the development projects that they usually target. Rather, The Clive says they are looking for either producing mines of the sort that largest companies sometimes deem non-core, or buying a smaller producer. With the recent news that the government of Mali, which hosts BTO's flagship asset, Fekola, is looking to increase it shares of mine ownership, one presumes they will be looking elsewhere.
Message 34352790
There might be a good chance to start or add to a position in Queen's Road Capital aka QRC coming up. Wyloo, which owns 50M shares or 11.1% of of QRC, has filed notice they intend to 'distribute' those shares through the TSX. Maybe they will be sold as a block, or maybe they will just be fed into the usual market, depressing the share price.
Both Wyloo and QRC are essentially vehicles for Australian mining magnates to play with their money, and sometimes we can benefit by going along for the ride..
ca.finance.yahoo.com
Last week IKN put out a tweet regarding some intel on Rio2 aka RIO's appeal regarding permit issues on its Fenix Au development project in Chile. It looks like the bureaucrats are moving as slowly as possible, so it is likely the appeal won't be heard until September. Grrrrr....
And IKN also brings us yet more bad news regarding Peruvian gold miner Minera IRL aka MIRL. Not only was the June production number of 847oz Au from its Corihuarmi mine by far its worst month ever, they also fired the mine manager and have failed to live up to its recent agreement with locals, who responded by once again blockading the mine and then sending a delegation, accompanied by the local member of Congress, to complain to the federal regulatory body. And of course, the deadline for them to lose their main asset Ollachea ticks ever closer with no sign of any action to prevent it happening. |
