Trifles light as air
01 / 24 / 22

And so farewell, Three Valley Copper (TVC)

Just to recap, The Vecchiola family spent U$25m in 2013 to buy 100% of the Tres Valles mine from Vale. Then in 2017 Sprott Resource Holdings (SRHI) spenty U$40m to buy 70% of the mine from the Vecchiolas. Then between 2017 and 2021, SRHI ploughed U$35m into the mine, plus another U$7m in the funding placement of June 2021 just after the thing went public:

Also, let’s not forget the over-subscribed bought deal ran by TVC in October that raised $16m, about which this humble corner of cyberspace commented, “You gringos will buy anything.” And today, this:

Three Valley Copper Suspends Mining Operations and Provides Strategic Review Update

Oh dear, IKN’s First Rule of Mining NRs swings into operation. At least Adelaide Capital and Soar Financial will be happy with the money they got from TVC for their paid pumping campaigns aimed at retail suckers. Winning, Kai! Winning, Deb!

01 / 23 / 22

The IKN Weekly, out now

IKN661 has just been sent to subscribers. Words and pictures.

01 / 21 / 22

The Friday OT: Soundprank; Burner (Shingo Nakamura remix)

The original is also great, but when Shingo sprinkles some of his magic over the track it goes up another level:

YouTube here. Gotta love Shingo.

01 / 21 / 22

Copper: Glaringly obvious

From last week’s post “The price of copper targets U$5.00/lb“:

…no counting chickens before they hatch and any chartist would accept a healthy re-trace to U$4.50/lb (or even a little lower) before the next upward pulse.”

Since then:

Maybe you think the major world economies will stop using Whatever It Takes to pimp their growth charts further, if so forget what Dr. Copper is signalling. More seriously, how many more clues do you need, you want copper at U$4.85/lb before calling it at $5?

01 / 20 / 22

Minera Alamos (MAI.v): Cleanliness is next to godliness

Since Jabba left the scene, the Minera Alamos (MAI.v) ask is cleaning up nicely:

Recent buyers don’t include those instos unable to buy before commercial production is declared, either. Let them champ at the bit for a few weeks, we’re in no hurry. Carry on, number one.