1. I tried to get details on the bullion loans and a few other questions. An assistant called me back, asked what my questions were and said he would get with Jim, but never got back to me.
2. Emailed Jim some questions you bashers have brought up...No reply
I do know there are questions he is not allowed to answer.
3. Called Trx office, left a message to call me back....crickets!
4. I made the list.
Thanks for creating that ID today to let everyone know you made the nonresponse list.
Did you ask him nicely or complain about it?
@ 2.00 minute mark...Kirby starts to explain about Armstrong's models and why he had to go to jail because of the tapes he said he knew about in regards to Republic bank. (CNNfn) - Billionaire banker Edmond Safra was killed early Friday when fire engulfed his Monte Carlo home, following an attack by two hooded men,
Published on Jul 24, 2015
Refiners are calling jewelers because of lack of supply?
Youtube...SoT #44 Rob Kirby: We Are Coming Into End of Times
Submitted by Tyler Durden on 07/24/2015 15:50 -0400
For the first time since records began, hedge funds are net short gold futures, according to CFTC data...
This is what happened the last time gold saw a 'low' net long position...
Mining dot c.. July 16, 2015 The world’s highest grade gold mines
Article lists highest grade producing.
ATNAF gets a mention.
8. Pinson mine, Atna Resources’ underground operation in Nevada, United States, eighth in our list with 13.8 g/t gold grade in reserves.
Posted on 14 July 2015
Marc Faber says he wouldn’t touch Chinese stocks even after their precipitous decline, instead pushing the investment case for Vietnam equities and gold mining shares.
‘I am a buyer when markets are undervalued and attractive and then I get out relatively early. So we were buyers in China a year ago in June/July of 2014,’ Dr. Faber, the author of the ‘Gloom, Boom and Doom Report’, said, referring to Chinese equities. ‘Now, I don’t think that Chinese stocks are attractive and I would just stand aside.’
Vietnam is the one country that ’stands out in Asia’, with its strong economic performance and reasonably priced stocks, he said. ‘In Vietnam you could have a similar situation as in China a year ago, where stocks went up very substantially.’
Lastly, he is keen on precious metals, including platinum, silver and gold and their related shares: ‘Gold shares, they may still move somewhat lower, but if you ask me what is good value, the gold mining sector is a depressed sector’…Arabian Money
RSU Some 300.000 shares were gifted to the insiders over the last few weeks. Sweet deal
lud did you intentionally leave out price...$0.490 ???
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transactionVolume or Value Price
Jul 6/15-Jun 29/15 Guidi, Marco Direct Ownership Restricted Stock Units 30 - Acquisition under a purchase/ownership plan 50,000 $0.490
Jul 2/15-Jun 29/15 Moroney, Donna Direct Ownership Restricted Stock Units 30 - Acquisition under a purchase/ownership plan 10,000 $0.490
Jul 2/15-Jun 29/15 Sinclair, James E. Direct Ownership Restricted Stock Units 30 - Acquisition under a purchase/ownership plan 75,000 $0.490
Jul 2/15-Jun 29/15 Kahama, Joseph Kulwa Direct Ownership Restricted Stock Units 30 - Acquisition under a purchase/ownership plan 75,000 $0.490
Jun 10/15-Jun 8/15 Betts, Norman Murray Direct Ownership Restricted Stock Units 30 - Acquisition under a purchase/ownership plan 87,883 $0.490 - See more at canadian insider
A2A with Bill Holter.....Thursday, July 9, 2015 at 1:36 p.m. tfmetals report
Bill explains that there is not enough time for Jim to write at jsmineset and get TRX rolling. The majority of his effort is going towards TRX. Not bad timing, considering we are going into the final lows on gold.
Armstrong writes a good piece about copper in search of it's bottom. Mux should hold their copper stash for the awakening of copper. Rob has been a fairly good judge of timing, MNEAF was a good example. unless you were a MNEAF shareholder.
Electric cars are rapidly entering the market. This is causing more than just a decline in the demand for oil. The i8 BMW is a hybrid that still has a combustion engine in the back and an electric in the front. This car gets 78 miles to the gallon. It has a purely electric top speed of 75 mph or in hybrid mode 120mph. It does 0 to 60 in just 3.6 seconds; that’s enough to pin you into the seat.
China Molybdenum says ready to make $2.15 bln mine acquisition
By James Regan
SYDNEY, July 6 (Reuters) - China Molybdenum Luoyang Co is poised to make an offer for an overseas mining project costing up to $2.15 billion, the latest push by a Chinese enterprise to acquire resource assets beyond its borders.
Officials from China Moly, as it is known, could not be immediately contacted for further information on a statement released to the Hong Kong bourse on Monday saying it would look to "acquire certain overseas mining assets from an international mining company" at a cost not likely to exceed $2.15 billion.
The unnamed target, had "matured operations and generates stable profits and cash flow," the Chinese company said.
Analysts speculated that China Moly could be courting Barrick Gold of Canada for its Zaldivar copper mine in Chile, but had no specific information to that effect. Barrick in April said it wanted to sell up to 50 percent of the mine - estimated to be worth around $1 billion - and would consider selling a bigger stake if it got a "knock-out" offer. Barrick officials were not immediately available outside of regular office hours in Toronto.
Published: July 9, 2015 3:38 p.m
China has been making it very clear that it wants more control over the global gold market, but it’ll have to go through New York and London first.
"Given that China is the epicenter of the physical gold market, it does make sense that the Chinese government would want its physical Shanghai gold market to supplant the Comex derivative market (and others) as the primary global price-setting mechanism," said Anthem Blanchard, chief executive officer of online precious-metal retailer Anthem Vault.
China is, after all, the world’s largest producer and one of the biggest buyers of the metal, often running neck and neck with India as the globe’s top consumer.
New York and London have generally been the hubs for setting gold prices. But with "so little gold going through Comex in physical terms, this is a distortion of demand and supply as it only reflects the trading picture of speculators in New York," said Phillips. He noted that only 5% of contracts are delivered on Comex after notice has been given of this intention.
Having New York and London as the price-setting locations has "kept gold prices well below the level of demand and supply should reflect," Phillips said. China does not want an uncontrolled gold price, but it also "does not want the U.S./U.K. to have control over this market if they are minor players."
"The future? All roads ultimately lead to the Buckreef Mega-Pit. I roughly estimate that the Mega-Pit would require a plant of approximately five times the size of the facility currently processing material for us at our launch site. That is a staggering number to imagine. I sincerely believe this is a company with a very exciting future indeed."
The Buckreef Mega Pit is in our opinion an agency financing in which having a government as a full partner represents an unusual combination and attractive combination. In this way, revenue flows to the Company and to the country.
Chairman and Chief Operating Officer (Tanzania)
TORONTO, ONTARIO--(Marketwired - Jul 9, 2015) - Tanzanian Royalty Exploration Corporation
)is pleased to announce the appointment of Jeffrey R. Duval as our new Vice President of Project Logistics.
Jeffrey brings to the Company over a quarter-century of experience working with some of the largest construction firms in the US south-west. His experience in time-management, excavation, movement of material, earthworks, and related skills will be a valuable asset to the Company as it aggressively moves to monetize the in-ground assets on its various licenses.
Says Jeffrey Duval, "I am delighted to be part of the growing TRX team. As it happens, I had been following the Company, and its CEO Jim Sinclair, for many years. I look forward to the challenge. Tanzania is over double the size of California and the target sites that Jim presented to shareholders at the AGM are by no means contiguous. Planning and logistics are important. I was especially impressed by the 'attack plan' Jim designed to pull cash flow out of several smaller target sites first, so we can use the proceeds, sequentially, to assist in financing our build-outs as we move closer and closer to the Buckreef Mega-Pit."
"Of course, the Company has just completed construction of what is called a basic Heap Leach plant; and, as we work our way toward the Buckreef Mega-Pit, multiple CIL units will also be needed. An alternative is to design a modular unit that is portable, and I do fully intend to explore this option as well."
"CIL" design has the ability to process not merely the "oxide" type of extracted material but also the sulphide type. To have both facilities available -- the CIC and the CIL -- makes the Company extremely flexible on a go-forward basis, and speaks to the scope of the long-term plan that Jim presented. Bottom line, we are looking to get the best efficiency, the best costing, and the most precise scheduling that is available."
July 7, 2015
The bullion banks knew that the Mint was going to be forced to release the news that it was out silver – that’s why silver was slammed in the paper market when the Comex trading floor opened. This is as criminal as it gets.
"This also means that the Comex vaults are technically out of any silver that they could supply to the mint. CNT is one of the bigger silver custodians and they specifically supply the mint with silver. If the Comex vault operators had customer silver that they could hypothecate to the mint they would be doing that. It tells me that the Comex vault operators don’t think they can get ahold of silver to replace any silver that could be “borrowed” and sent to the mint. Technically, the mint is required by law to make enough silver eagles to meet demand…."
Stay tuned tomorrow for a fascinating podcast from the Shadow of Truth with Wolf Richter of Wolf Street – Howling about Business and Finance.
not at all...their servers were in not this post mode.
That outstanding share count was something for you clowns to spin. You were running out of material.The market liked it...beats the hell out of several hundred million shares outstanding and reverse splits.
Spin it ..while the shisters are working on $Gold, Yahoo wouldn't let today's news be posted about TRX being Granted an Environmental Impact Assessment Certificate for the Itetemia Project.
it appears to me possible that certain deep-pocketed entities are seeking to depress share prices so they can inexpensively acquire assets which will, ultimately, provide a huge payback when the industry turns around."
"There is also, I think, something seriously amiss in our sector. While the major wire services report that demand for gold coins and bars is soaring against the backdrop of the unfolding Greek tragedy, paper gold futures prices in the Precious Metals exchanges continue to fall."
"The present outstanding shares of the Company is 107,411,006 common shares. Fully diluted the number is 110,455,056 common shares, which in this industry in quite conservative."
James E. Sinclair,
Chief Executive Officer
TORONTO, ONTARIO--(Marketwired - July 6, 2015) - Tanzanian Royalty Exploration Corporation (TSX:TNX)(NYSE MKT:TRX) (the "Company") is pleased to announce that it has fully paid off and retired the financing relating to the recently announced terms of its convertible senior note with an institutional lender, the first drawdown under which had successfully closed on December 29, 2014. No further payments are due.
Under the original financing terms, notes in the principal amount of US$10,000,000 were issued at an 8% discount, yielding an initial funding amount of US$9,200,000. The initial (closing) drawdown was US$1,766,558, and the balance of the funded amount (less expenses of issue) was placed in escrow to be available for future drawdowns, subject to the Company meeting certain financial ratios. The notes were to bear interest at 8% per annum, payable monthly.
Explains C.E.O Jim Sinclair:
"As of July 6th, 2015, the Company in pleased to announce full repayment against the notes. The total current debt has now been reduced to zero. Recall that the original purpose of the financing was to bridge us to 'first pour' on our very first producing mine. The first of several, I might expect, since we already have additional mining licenses in place on two other sites, as well as additional prospects in advanced stages of discovery, and pending applications for mining licenses for those as well."
"I am positively delighted now, because, in my view, the retirement of this loan resulted in a more modest dilution in total shareholder equity than originally anticipated."
"We are grateful that our lenders were there for us when we needed them. I truly believe our company, now in production, could potentially negotiate unrestricted gold-based loans for expansion purposes at more competitive rates."
"As our sector struggles with a wave of negative investor sentiment to a degree barely seen once a century, it appears to me possible that certain deep-pocketed entities are seek.