Take physic, pomp

Yes Virginia, Ovais Habib of Scotia is a fuckwit

Yesterday on IKN:

Rio Alto Mining $RIOM (RIO.to) produced 17,199 ounces of gold in August 2014 

Add that to the 19,435oz of July and you’re 2/3rds of the way there to the 3q14 quarterly total, just this month of September missing. The data comes from the official filings RIO.to makes to the Peruvian Ministry of Energy and Mining, here*.

And it continues, with chart and blabber.

Today from Scotia’s “Daily Mining Scoop”, its morning mailer to Scotia clients:

Her Name is RIO and She Dances On The Sand! Q3 Production Estimates from Rio Alto’s La Arena Meet Our Expectations; Potential Buying Opportunity on Index-Related Share Pull-Back: 
Rio Alto (RIO-CN/PE, SO, C$3.25, Ovais Habib) produced 17,199 oz Au in August according to the Peruvian Ministry of Energy and Mines which combined with July production of 19,435 oz, represents 68% of Ovais’ Q3/14 estimate of 53,639 oz. At this run rate, the company remains on track to meet the upper end of its 2014 guidance range of 200-220 koz (Ovais models 215 koz for the year using conservative 2H/14 gold grade assumptions). The chart below highlights RIO’s La Arena operating history…..(continues)

And continue it does, with nary a hat tip or mention of IKN of course because blogs are good enough to read and good enough to rip-off but you can’t dare mention them as source material, right Ovais? Because that’s what assholes do, Ovais. All you need to do is make a simple acknowledgement, it’s not difficult you know. Cowardly piece of shit, Ovais.

PS: The funny thing is, the Peru ministry info was on its site a full 24 hours before I wrote my post so if cowardly shit Ovais had really been paying attention the way he pretends, he would have known and had been able to inform his clients before this humble corner of cyberspace had done its bit.

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