Goldbggr: September 2013

Friday, September 27, 2013

What's Really Going On—Are We Actually Watching the Death of the Equity Markets?

I was at a crowdfunding seminar yesterday.

My take-away is that while many companies NOT in the public markets can now use, easily, the disruptive crowndfunding model to raise funds public companies must jump through a series of regulatory hoops. These same regulatory bodies who have also allowed / created a mix of trading rules and conditions that are toxic to junior companies.

These public market companies are at the mercy of deleterious changes to the rules on shorting and the hell-fire realm of high-frequency trading which is so inappropriate for low volume trading. These 'conditions' are plain and simply toxic.

Private companies, start-ups and other organizations have this new source of public capital without the obstacles of multiple costs and regulations of the market operators. Instead they can raise money directly from anyone who likes the idea or product or service being offered for financial support to anyone interested.

Junior equities and start-ups are the roots of the public market system and this level of the equity system is being destroyed. For me the simple conclusion is that that whole system is under attack from the 'owners' of that system, the investors who seem loath to return while the toxic situation continues AND this new form of participation in the emerging level of wealth creation.

So sad but perhaps necessary in order to rearrange the order of control and power in the financial world which was present (maybe not really) and generated the conditions for the 2008 collapse.

G

PS—I will be attending the TSX HFT (high-frequency trading) seminar on Monday so you can expect more on this topic on Tuesday. G

Gold Junior News Morning: 9/27/13

New Dawn Moves Date for Special Meeting of Shareholders ... Junior Mining Network (TSX: ND) ("New Dawn" or the "Company"), a junior gold mining company operating in Zimbabwe, has changed the date for its previously announced Special ... See all stories on this topic »
San Gold Announces Purchase of Cougar Claims at Rice Lake Junior Mining Network WINNIPEG, MANITOBA--(Marketwired - Sept. 26, 2013) - San Gold Corporation (TSX:SGR)(OTCQX:SGRCF) today announced that it has entered into a ... See all stories on this topic »
Dynacor Discovers Disseminated Gold Mineralization at Tumipampa Junior Mining Network MONTREAL, QUEBEC--(Marketwired - Sept. 27, 2013) - Dynacor Gold Mines Inc. (TSX:DNG) (OTC:DNGDF) (Dynacor or the Company) a company with gold ... See all stories on this topic »
Vidit Gujrathi wins bronze in World Junior Chess The New Indian Express Gujrathi joined the list of elite Indians winning medals in the world junior champions starting from a gold medal won by world champion V Anand in 1987, gold by ... See all stories on this topic »
Kestrel Gold Inc. Announces Proposed Private Placement of Up to ... Junior Mining Network VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 26, 2013) - Kestrel Gold Inc. ("Kestrel" or the "Corporation") (TSX VENTURE:KGC) is pleased to ... See all stories on this topic »
NuLegacy Gold Announces 10 Million Unit Private Placement Junior Mining Network RENO, NEVADA--(Marketwired - Sept. 26, 2013) - NuLegacy Gold Corporation (TSX VENTURE:NUG) announces, subject to acceptance of the TSX Venture ... See all stories on this topic »
Vista Gold Corp. Comments On Recent Trading Activity Junior Mining Network DENVER, Sept. 26, 2013 /CNW/ - Vista Gold Corp. ("Vista" or the "Company") (NYSE MKT and TSX: VGZ) announced today that it is the Company's policy not to ... See all stories on this topic »
Junior exploration roundup: Chinalco Yunnan Copper, Samex ... Business News Americas Brisbane-based Chinalco Yunnan Copper Resources (ASX: CYU) began drilling at its Sulfato copper project in Chile, the company said in a statement. Chinalco ... See all stories on this topic »
North Sur Resources Inc.: Surface and Drill Sampling Commences ... Junior Mining Network CALGARY, ALBERTA--(Marketwired - Sept. 26, 2013) - North Sur Resources Inc. (TSX VENTURE:NST) ("North Sur" or the "Company") is pleased to announce ... See all stories on this topic »
Market movers: Archipelago Resources, Advanced Computer ... Proactive Investors UK Junior gold companies have felt the heat of falling commodities prices, putting the livelihoods of many under threat. But Archipelago has proved that investors ... See all stories on this topic »

Thursday, September 26, 2013

Commentary on Yesterday's Vancouver Junior Mining Seminar

The seminar had the title:
Calm After the Storm—A Return to Normality in the Mining Sector

Yesterday I went to listen to the insights implied in the title.

This was perhaps the strangest seminar I have ever been to.

The room was full of people including many who've seen at least three cycles (excepting the unusual number of TSX people including at least one "Compliance Officer...I wonder what they were there for?). The stage contained people for whom this is the first cycle they've ever seen (not been through as this one is not over).

So the stage held a bunch of juniors—just kids new, really—to the industry sitting in front of senior investors and brokers and others who work directly for the industry as well as bunch of shills for the regulators.

It was embarrassing to have thought that they would offer any insight or ideas (other than how to save $50 bucks here and there and, of course, the warning-speak from the two regulators on the stage) about the condition, cause or way forward in this market.

The title and the lack of information implied in the title says it all. They are clueless—and we wasted our time. If this represents in any way the leadership for the future of the junior mining sector we are all in huge trouble.

Six 'guys' the venue set-up guy, the auditor guy, the TSX Venture guy, the Lawyer guy, the BCSC guy, the Investment Advisor guy and the Executive search guy. Hmmmm.
So:
The Cambridge guy grew up in the sector and had a picture of the two BreX bad guys in his house with text underneath saying "Lest we forget".

The Auditor guy announced he'd just ditched his Blackberry for the latest iPhone and preceeded to offer minor savings on audit fees if you bought a $230 CICA book.

The TSX Venture guy had the worst graphics—illegible with lots of missing data—recited listings and fund raising statistics, and the usual stuff that pretty much everyone in the room already knew years ago.

The Lawyer guy talked about Director's liability insurance (in other words it's going to get worse so cover your a**?).

The BCSC guy offered alitany of various threats and which ones were worse that others after which he said he was going to offer some positive stuf—he said how there were going to reduce the number of filings to twice a year but that they weren't going to. What???

The Investment Advisor guy was going to tell us hao we got here and proceeded only speak about the sector only saying that the American downturn didn't help and that share roll-backs were probably a good idea.

The mining sector Executive Search guy did a stand up comic routine with his facts and figures saying you couldn't really trust them saying it was like George Costanza (Seinfeld) picking up women by doing the exact opposite of what he would normally do.

Calm After The Storm eh? Isn't the phrase Calm Before the Storm?

What can I say.
G

Gold Junior News Morning: 9/26/13

AngloGold Says Kibali Gold Mine Starts Early, Within Budget Junior Mining Network JOHANNESBURG, SOUTH AFRICA--(Marketwired - Sep 25, 2013) - AngloGold Ashanti ( NYSE : AU) reports that the Kibali Gold Mine, a joint venture with ... See all stories on this topic »
Northern Gold Reports Results of Jonpol Metallurgical Testwork Junior Mining Network TORONTO, ONTARIO--(Marketwired - Sept. 26, 2013) - NORTHERN GOLD MINING INC. (TSX VENTURE:NGM) ("Northern Gold" or the "Company") is pleased ... See all stories on this topic »
Candente Gold Update on Historic El Oro Tailings Recoveries Junior Mining Network In June, 2013 (Candente Gold NR025) Candente Gold Corp's Mexican subsidiary, Minera CCM El Oro Jales S.A. de CV, signed an agreement for the access ... See all stories on this topic »
Entree Gold 2013 Drill Results Extend Ann Mason Mineralization Junior Mining Network Ann Mason hole EG-AM-13-035 intersected 220 metres (from 262metres depth) averaging 0.30% copper, 0.07 grams per tonne ("g/t") gold and 1.70 g/t silver. See all stories on this topic »
Delta Gold Corporation Amends Imperial Gold Project Option ... Junior Mining Network VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 25, 2013) - Delta Gold Corporation (the "Company or Delta") (TSX VENTURE:DLT) is pleased to ... See all stories on this topic »
Minera IRL Receives Approval to Develop the Ollachea Gold Project Junior Mining Network LONDON, UNITED KINGDOM and TORONTO, ONTARIO--(Marketwired - Sept. 26, 2013) - Minera IRL Limited ("Minera IRL" or the "Company") (TSX:IRL) ... See all stories on this topic »
Maritime Extends Rumbullion High Grade Gold Vein at Green Bay ... Junior Mining Network VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 25, 2013) - Maritime Resources Corp. (TSX VENTURE:MAE) ('Maritime' or the 'Company') reports that ... See all stories on this topic »
AngloGold's Tropicana Produces First Gold Ahead of Schedule and ... Junior Mining Network JOHANNESBURG, SOUTH AFRICA--(Marketwired - Sep 26, 2013) - AngloGold Ashanti ( NYSE : AU) is pleased to announce that the Tropicana Gold Mine in ... See all stories on this topic »

Wednesday, September 25, 2013

Gold Junior News Morning: 9/25/13

COMING NEXT WEEK:
Is High Frequency Trading Really Fraud Perpetuated by the Fiat Banking Community in Collusion with the Present Management of World Stock Markets?
G

Today's News:

Coastal Gold Intersects 4.95 Grams Gold Per Tonne Over 14.9 ... Junior Mining Network

Hole HB13-116 intersected 4.95 grams gold per tonne (g Au/t) over a core ... to the underground void model, will help increase the gold resource at Hope Brook.

Friday, September 27, 2013

Thursday, September 26, 2013

Wednesday, September 25, 2013

Tuesday, September 24, 2013

Monday, September 23, 2013

Goldbggr