IKN

a plague o both your houses

Tinka Resources (TK.v): The boy who cried wolf

If Sentient hasn’t realized what the real problem is with this company yet, it’s never going to live up to its corporate title:

Pro-tip: If you don’t bother Graham Carman, he won’t bother you. He’s on a good salary, after all. As for Tinka, that’s destined for the same fate as Regulus Resources (i.e. picked up for pennies on the Dollar by Buenaventura), Peruvians will welcome this type of FDI all day and all night. Avoid these value traps like the veritable plague.

9 Comments

    Hi Mark – I’ve followed ikn for several years now, my ex scumbag investment advisor from Vancouver put me into a whole bunch of Reg. Over ten years ago. I still hold it, eagerly awaiting these drll results from the north zone. I’m confused by your comment about being bought out by being bought out by Buenaventura… please explain.

    Reply

    Dear Mark
    Hi, I’ve been following your newsletter for years. My scumbag ex-investment advisor got me into quite a bit of Regulus over ten years ago. I didn’t believe Castillo would get in so I held on, your post yesterday gave me a glimmer of hope (that maybe we will see some news about drilling out the north zone, resulting in some higher share prices). Your mention today about Reg, getting bought out by Buenaventura confuses me. Please explain.

    Reply

      Hello Jared,

      The problem at AntaKori (AK) is the mineral concession ownership. Regulus don’t control 100% of the AK deposit. Their concessions are interleaved with other owned by Buenaventura, Goldefields and other 3rd party owners.
      As a result we’ve seen Regulus enter into a series of agreements to consolidate ownership (slide 9 of the latest presentation).
      For this reason, their project is essentially controlled by BV

      Reply

        cont..
        BV know that Regulus can’t sell the project to anyone else, (who would buy 50% of a medium-sized porphyry deposit??) and as a result BV can sit back, let Regulus spend their money and wait until they need those concessions, which may be never depending on BV’s internal corporate strategy.
        The only possible value would be if Goldfields (or someone else) buying both AK and Tantahuatay.

        Reply

          Exactly!! You have spoken the future.
          BV doesn’t have the ability to do shite. GF is prepping the area to consolidate it all.

          Reply

    I want to thank you from the bottom of my heart for your relentless bashing og regulus. That has enabled myself and Friends to pick Up + 4 mil shares in the .70ties. not to forget alot of your followers which made is possible.

    Reply

      What makes a market, though you are obviously worried now. Why else show your fears here? You bought without knowledge. Dumb.

      Reply

        How’s your Spanish? Visited Cajamarca? Know the local politics? I ask because there’s been zero official information out of this company since April, but you somehow thin k you have your DD down. Lemme guess…you were suckered in by those loooong 2 hour conversations between John Black and Twitter Stars.

        Reply

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