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This is the kind of thing I am speaking of.
BUENOS AIRES--Pan American Silver Corp. (PAAS, PAA.T) has shelved work on its Navidad silver mine project in Argentina's Chubut province due to the local legislature's failure to pass a regulatory plan for mines and a proposed bill that could sharply raise taxes on the industry.
And of course the Vale deal also.I would think they would eventually get the message.
Fears Ease of a Default by Argentina
April 2013
Argentina's credit-default swaps have made a comeback on expectations that the country will find a way to pay its existing bondholders despite complications posed by a high-stakes court case.
The cost of five-year protection on Argentine debt fell to 2,737 basis points Thursday morning from nearly 3,417 basis points on Monday, a significant decline after days of successive increases amid concerns that the South American country would be forced by court rulings into a technical default.
"The market has started to price in the probability of some good news," said Siobhan Morden, head of Latin American strategy at Jefferies.
She added that the retreat began after Argentina's announcement early Wednesday that it would borrow $2.33 billion from its central bank's foreign-currency reserves to pay its creditors. The measure raised hopes among market participants that Argentina may be working on a backup plan for repaying its existing bondholders, Ms. Morden said.
Argentina's credit-default swaps had risen to successive four-year highs on Monday and Tuesday, after the government late Friday filed a proposal to pay holdout creditors, who haven't accepted earlier debt restructuring deals and who have taken Argentina to court in the U.S. The proposal was widely viewed as a lowball offer that would not likely find favor with either the court or those holders of its defaulted debt.
That raised fears that if Argentina couldn't reach a deal to pay the holdout creditors, it wouldn't be able to make payments on its other bonds under a U.S. District Court ruling requiring Argentina to give equal treatment to all creditors.
But the sharp market reversal Wednesday and early Thursday suggests that such fears have dissipated somewhat.
The U.S. appeals court has given the holdout creditors—who rejected two previous debt exchanges in the years since the country defaulted on almost $100 billion in 2001—until April 22 to file a response to Friday's proposal. That might have come as a relief to some investors as it bought Argentina at least three more weeks in which devise a way to stay current on its other bonds.
Still, even with the latest retreat in the cost of insuring Argentina's debt, both Argentina's bonds and the credit-default swaps remain priced at levels implying significant risks of default over the next five years.
"Investors are still very cautious on Argentina," said Ms. Morden of Jefferies. She added that Argentine bonds see very little trading volume and so are susceptible to distortion from a couple of trades.
http://www.mendozasun.com/business-a-finance/national/2133-fears-ease-of-a-default-by-argentina
Do you have anything more current than this? I am having a hard time finding info.
http://www.bloomberg.com/news/2013-03-20/argentine-president-tightens-foreign-exchange-controls-timeline.html
Your Welcome, Argentina's Stocks, Bonds Rise on Improving Sentiment
http://www.mendozasun.com/business-a-finance/national/2135-argentinas-stocks-bonds-rise-on-improving-sentiment
JD400, thanks. I will look up the easing of restrictions on currency. If that is sufficient, that could ease some of the inflation costs for companies also.
Miners can be successful in Argentina, Peru - gold CEOs
The Minas Conga project is far from dead as Newmont Mining and Buenaventura invest $150 million in construction of reservoirs to hold freshwater to augment local community water supplies.
Author: Dorothy Kosich
Posted: Tuesday , 26 Feb 2013
RENO (Mineweb) -
Gold mining CEOs with operations in Peru and Argentina told the BMO 22nd Global Metals & Mining Conference in Hollywood, Florida, that political risks in both nations can be overcome.
Peruvian gold miner Buenaventura CEO, Roque Benavides, says he is confident the controversial $5 billion Minas Conga copper-gold project will gain local acceptance, and that “we will have surprises from Yanococha in the future.” A joint venture between Newmont Mining and Buenaventura, Yanococha is Peru’s largest gold mine.
During a presentation Monday to the BMO Global Metals & Mining Conference, Benavides recalled a history of opposition to large mining companies investing in Peru in the 1990s.
For instance, Benavides noted the lucrative Yanacocha was Peru’s first major mining project in 24 years due to terrorism activities in the region.
Benavides says a marked contrast in mining attitudes can be found in other operations in which the company is involved, such as the Cerro Verde copper/molybdenum located in Arequipa, which has a more educated population than the poor rural population of Cajamarca in which Minas Conga is located. Poor people in the rural areas of Peru usually want to benefit financially directly from new mining projects, he observed.
Cerro Verde also won social acceptance in Arequipa after the company helped modernize a sewer system, Benavides recalled. He suggested the now underway construction of reservoirs on the mining property could boost local freshwater supplies, which may help gain more community acceptance of the mining project.
Meanwhile, Peter Marrone, CEO of Yamana Gold, told the institutional investors and mining analysts attending the conference that while “Argentina is a poster child for bad public relations," he contends the biggest risk in doing business in the country is inflation, not geopolitical issues.
Marrone said the Argentine government has eased some of the restrictions it imposed on currency exchange last year, which has helped Yamana become “very successful in moving our money.”
He observed that the Kirchner Administration is trying to manage its currency value issues over a longer period of time in order to not discourage further foreign investment. Nevertheless, Marrone stressed inflation still remained the most important risk when doing business in Argentina.
http://www.mineweb.com/mineweb/content/EN/mineweb-gold-news?oid=179388&sn=Detail
JD400, has the attitude of the Argentine Gov improved in the last little while. Those two huge projects that pulled out should have wised them up. I have not been following the situation there in a little while. If they have not yet wised up I am thinking they will soon.
TNR MUX Los Azules Copper project is growing larger with every reported drill hole, new metallurgy tests and expanded copper resources will provide the basis for the new PEA of the project later this year. TNR Gold is talking now about the part of the newly found to the West of the previously known deposit by McEwen Mining - "Potential New Copper Trend" going on the Northern Part of the deposit, which is subject to TNR Gold's Back-in Right. Deeper Copper mineralisation is apparently found as well on TNR Gold's Back-In Right properties.
Update: April 9th, 2013.
We are very surprised that there is no valuation presented on Los Azules so far by McEwen Mining with BMO hired for the Sale of this asset. New resource estimation by the end of May could be the trigger. For now all interested parties can review the Lumina Copper presentation with Taca Taca Copper deposit and "Comparable Projects & Valuations". Lumina Copper has announced today results of the new PEA on Taca Taca as well.
http://www.stumbleupon.com/su/1e8Xpn/sufiy.blogspot.co.uk/2013/04/tnr-gold-corp-advises-of-mcewen-minings_7.html
TNR,MUX Los Azules 18.4 BILLION POUNDS of Copper, indicated plus inferred. That works out to over 68 Billion dollars worth at today's copper price. With more potential to come as drilling continues
Los Azules is currently estimated to have a 25-year mine life, further exploration will likely extend that. I think it is more likely that a strategic buyer will use the current unrest in Argentina to snatch up a multi-decade project at a discount. Miners already operating in the country may be interested, or allies to Argentina -- like China. In a recent interview Rob McEwen said that they are arranging a trip to view the property with interested parties, but they all have to sign non-disclosure agreements beforehand, so we likely won't hear much about that until a deal is announced.
tag
http://seekingalpha.com/article/1171601-2-3-stocks-well-positioned-for-the-current-risk-on-environment?source=kizur
TNR,MUX World Class Copper Project Continues To Illustrate Growth Potential.
-- Drilling west of the resource has intersected high-grade copper
mineralization in Hole 12114, returning 0.70% copper over 150 meters. This hole was located on the periphery of the resource and continues to extend what is becoming an important new parallel trend.
-- Hole 1297, which was drilled on the western edge of the resource,returned 0.50% copper over 414 meters, including 1.07% over 54 meters. In addition to Hole 12114, this hole helps demonstrate that there is excellent potential to increase the size of the resource.
-- Drilling below the previously known resource successfully extended the depth of the mineralization by over 300 meters in Hole 1295, returning 0.49% copper over 338.5 meters. This result was part of a longer intercept that went through two known zones of mineralization. The overall intercept from this hole was 0.51% copper over 618.5 meters.
-- The Company will incorporate these drill results plus an additional 3 holes not yet released into an updated resource estimate that is expected to be available by the end of May.
"These results continue to illustrate the growth potential of this world class copper asset. Los Azules is both large and high-grade, which makes it unique among the world's undeveloped projects," stated Rob McEwen, Chief Owner.
This updated resource would form the basis of a new Preliminary Economic Assessment (PEA), which is due by the end of the third quarter 2013. Los Azules is one of the largest, highest grade copper-porphyry deposits not owned by a major base metal company.
http://ih.advfn.com/p.php?pid=nmona&article=56945016
TNR Gold CEO interview at PDAC 2013
Company In Good Shape
http://www.commodity-tv.net/c/mid,3434,PDAC_2013/?v=101312
Argentina furious with Brazil over cancelling of 6bn potash development project
The government of President Cristina Fernandez is furious with the Brazil-based Vale mining company for suspending its 6 billion dollars potash development in Mendoza, the largest investment in Argentina in recent years.
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“I still remember when last year the CEO of Vale came to visit to celebrate the starting of the project. Plus, we even received information saying that the project would move from 6 to 10 billion dollars”.
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Full story here
http://en.mercopress.com/2013/03/14/argentina-furious-with-brazil-over-cancelling-of-6bn-potash-development-project
TNR Gold Investor Acquires 3.75 Million More Shares
2013-03-22 15:22 ET - News Release
Mr. Alexander Listov, an investor, reports
EARLY WARNING REPORT
Alexander Listov has acquired a further 3.75 million common shares in the capital of TNR Gold Corp. at prices ranging from 4.5 cents to seven cents per common share since Mr. Listov's last early warning report dated Oct. 5, 2010, which common shares represent approximately 2.58 per cent of the outstanding common shares of TNR.
Mr. Listov now holds 13,350,500 common shares, and Raymond W. Smith Ltd., a company controlled by Mr. Listov, holds 13,331,500 common shares, totalling 26,682,000 common shares in TNR. As at March 21, 2013, TNR had 147,816,447 common shares outstanding, of which Mr. Listov and Raymond W. Smith together owned, or exercised control or direction over, an 18.05-per-cent interest.
The common shares of TNR were acquired by Mr. Listov for investment purposes. Subject to availability, price, the general state of the capital markets and the financial condition of TNR from time to time, Mr. Listov may purchase or sell securities of TNR.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aTNR-2051701&symbol=TNR®ion=C
TNR Your Time Has Come To Shine
All Your Dreams Are On Their Way.
With the Blessing of Argentina Lately Los Azules may just be the bridge over troubled water.
Enjoying it with friends like you all , Priceless
Sail On TNR
http://www.marketwatch.com/story/vale-suspends-rio-colorado-potash-project-2013-03-11
“disputes with provincial governments” Maybe Argentina will start to realize?
Vale suspending the project may be just what the Argentine Gov needs to bring them off of all of their BS and back to the real world. That is a pretty good hit they will take on that suspension.
JD400, because it is not all Argentina. As a matter of fact Argentina is the freebie. Is reflecting ones true opinion a strike against moderating a board? I will say what I think about a position as long as I have or have had an investment in it. If that causes you duress, so be it.
Sorry for not explaining. I am not overly exuberant about anything in Argentina. N absolutely neg, but definitely not POS
"The Hun is trying to shake me out of my shares. " ???? which shares and why?
Soon Mining's Gastroenteritis Will Be Over and Both TNR and MUX will be Well. For now Banktilla The Hun is trying to shake me out of my shares.
He will have to pry them out of my cold dead fingers before I sell a single share of any of my Mining stocks.
Yes, always a positive indicator.
Now Insiders are buying: CEO and CFO of TNR Gold:
As of 11:59pm ET February 6th, 2013
Filing
Date Transaction
Date Insider Name Ownership
Type Securities Nature of transaction # or value acquired or disposed of Price
Feb 6/13 Feb 6/13 Schellenberg, Gary David Albert Indirect Ownership Common Shares 10 - Acquisition in the public market 60,000 $0.065
Feb 6/13 Feb 6/13 Bella, Jerome Michael Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $0.070
Feb 6/13 Feb 6/13 Bella, Jerome Michael Direct Ownership Common Shares
http://sufiy.blogspot.com/
Video of yesterdays Q&A With Gary Schellenberg?
TNR Gold Corp. (TSX.V - TNR) CEO Gary Schellenberg sits down for a Q&A interview on the Settlement of the Los Azules Copper Project Lawsuit
Link:
TNR Gold Corp (TNR.V) Finalizes Los Azules Settlement with McEwen Mining
Vancouver B.C., February 05, 2013: TNR Gold Corp. (the "Company" or "TNR") Is pleased to announce that in follow-up to its press release of November 12, 2012, whereby TNR Gold Corp. announced that it and its wholly owned subsidiary, Solitario Argentina S.A. had reached a settlement with McEwen Mining Inc. with respect to the Los Azules Copper Project located in San Juan Province, Argentina, formal documentation and the details pertaining thereto have now been signed and will be filed on SEDAR under TNR's profile at http://sedar.com.
The Company is also pleased to announce that the 1 million shares of McEwen Mining Inc. that form part of the settlement have now been issued (information about McEwen Mining can be found at http://www.mcewenmining.com and on Sedar at http://www.sedar.com). The Company expects that the delivery of the certificates representing such shares will occur upon the transfer of the mineral rights to the Escorpio IV mining tenure to McEwen Mining Inc, which it anticipates will take place later this month. The shares will be subject to the minimum statutory hold period.
About Los Azules
The Company has a 25% back-in right in the northern part of the Los Azules property which is exercisable following the completion of a feasibility study. If the Company elects to back-in for 5% or less or has its interest diluted to 5% or less, TNR will receive a net smelter royalty of 0.6%.
The Los Azules copper deposit is located in the San Juan province of Argentina. McEwen Mining Inc. is the current operator on the Los Azules copper deposit and the Company advises that on January 17, 2013, McEwen Mining Inc. issued a press-release in relation to the deposit. The press release is accessible on Sedar at http://www.sedar.com and on McEwen Mining Inc's website at http://mcewenmining.com.
The press release issued by McEwen Mining Inc. dated January 17, 2013 includes preliminary results from drilling operations on the Los Azules copper deposit for the current exploration season. McEwen Mining Inc.'s press release appears to have been prepared by qualified persons, but no independent qualified person engaged by TNR Gold Corp. has done sufficient work to analyze, interpret, classify or verify McEwen Mining Inc.'s information to determine the accuracy of the current mineral reserve or resource or other information referred to in the press release. Accordingly, the reader is cautioned in placing any reliance on the subject results and estimates.
John Harrop, PGeo, FGS, is a "Qualified Person" as defined under NI 43-101 and has reviewed and approved the technical content of this news release.
About TNR Gold Corp.
Over the past twenty-one years TNR, through its lead generator business model, has been successful in generating high quality exploration projects around the globe. With the Company's expertise, resources and industry network, it is well positioned to aggressively identify, source, explore, partner and continue to expand its project portfolio.
TNR's subsidiary, International Lithium Corp. (TSX:ILC.V), demonstrated the successful application of TNR's business model in which TNR shareholders benefited from a unit distribution upon spin-out of TNR's lithium and rare metals projects. Gangeng Lithium Co. Ltd. is a leading China based, multi-product lithium manufacturer, and strategic partner and investor in ILC. TNR remains a large shareholder in ILC at 25.5% of outstanding shares.
At its core, TNR provides significant exposure to gold and copper through its holdings in Alaska and Argentina; and teamed with the recent acquisitions of rare-earth elements and iron ore projects in Canada confirm TNR's commitment to continued generation of in-demand projects, while diversifying its markets and building shareholder value.
For further details about the Los Azules settlement, please see our 'Question & Answer' release which can be found in the news section of our website at http://www.tnrgoldcorp.com/s/NewsReleases.asp
On behalf of the board,
Gary Schellenberg
TNR Gold Surrounds Shotgun Ridge with Mining Claims
Jan 31, 2013 (ACCESSWIRE-TNW via COMTEX) -- Vancouver B.C.: TNR Gold Corp. (the "Company" or "TNR") expanded their land position at the wholly owned Shotgun Gold project in Alaska. A total of 66 mining claims, each 160 acres, were located over and surrounding the Shotgun Ridge prospect for a total of 10,560 acres (4273.48 hectares). Sixteen of these claims were converted from Traditional Claims to MTRSC Mining Claims (meridian, township, range, section and claim) making the area of new acquisitions equal to 8000 acres (3237.48 hectares).
TNR acquired 100% of the Shotgun Ridge prospect in 2010 following a 50/50 joint venture with Novagold Resources Inc. ("Novagold"). The Traditional Claims were located over the Shotgun Ridge deposit and the Company elected to convert these to MTRSC Mining Claims to simplify administration of the land titles in accordance with Senate Bill 175.
Ground geophysical surveys conducted in 2011 and 2012 by TNR helped to identify structural controls on mineralization at Shotgun Ridge. Drill testing in 2012 confirmed the structural model of mineralization with two drill holes returning mineralized intervals in excess of 200 metres, SR12-56 returned 242 metres averaging 1.25 g/t gold and SR12-57 returned 209 metres averaging 1.02 g/t gold (news release dated 10 October 2012).
Extrapolating the known mineralized structures into the area surrounding Shotgun Ridge, the Company identified additional areas where similar mineralization may be present and as a result acquired the mineral rights to these adjacent targets. A portion of future exploration work will be conducted in these new areas beginning by revisiting previously identified gold showings in respect of the new structural models.
The Company is targeting a large tonnage low-grade porphyry system at Shotgun Ridge. Structural repeats, as interpreted from airborne magnetic data and ground geophysical surveys, provide TNR with encouraging targets for future drill testing.
John Harrop, PGeo, FGS, a Qualified Person for TNR Gold Corp. as defined by NI 43-101 has reviewed the technical information contained in this report.
About TNR Gold Corp.
Over the past twenty-one years TNR, through its lead generator business model, has been successful in generating high quality exploration projects around the globe. With the Company's expertise, resources and industry network, it is well positioned to aggressively identify, source, explore, partner and continue to expand its project portfolio.
TNR's subsidiary, International Lithium Corp. , demonstrated the successful application of TNR's business model in which TNR shareholders benefited from a unit distribution upon spin-out of TNR's lithium and rare metals projects. Gangeng Lithium Co. Ltd. Is a leading China based, multi-product lithium manufacturer, and strategic partner and investor in ILC. TNR remains a large shareholder in ILC at 25.5% of outstanding shares.
At its core, TNR provides significant exposure to gold and copper through its holdings in Alaska and Argentina; and teamed with the recent acquisitions of rare-earth elements and iron ore projects in Canada confirm TNR's commitment to continued generation of in-demand projects, while diversifying its markets and building shareholder value.
For further details on the Shotgun Ridge Project please view the powerpoint presentation at http://www.tnrgoldcorp.com/i/pdf/TNR_Shotgun.pdf
On behalf of the board,
Gary Schellenberg
President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Copyright 2013 ACCESSWIRE-TNW
http://www.marketwatch.com/story/tnr-gold-surrounds-shotgun-ridge-with-mining-claims-2013-01-31?mod=wsj_share_tweet
When the insiders get the go ahead to start buying, this will start moving up. Heard rumors on the street that they are held back. That's all I know about this.
GLTU
The tour should be starting at Los Azules and this baby gona sell soon and we all will be fine. Get em low now seems wise to me.
GLTU
I think it is time for me to start loading up with this one!!!
I did sell 12 % of my remaining holdings at .08. I will watch for an opportunity to re enter lower. If it does not happen I will also be happy.
TNR MUX Good Video News
Value Galore
http://www.tnrgoldcorp.com/s/Home.asp#
Los Azules Might Sell Fast McEwen has even set up a special data room and an upcoming walk thru in Jan. ;~)
Because the offering is at .10 it has to stay above that.
.10 is the bottom, Nows the time to Buy
They need to get some news flowing, or we may see them below .06 again. I sold 1/2 at .10 so that will be fine with me if they let it sink. The potential is there, they just have to tap it.
Soon Value Will Catch Up With The PPS
And we will be over .20
Always nice talking to U
I am still around. Just not much to say. Being patient.
Still being minimped at .10 probably so they can get even more cheaper shares. Most SH holding tight
Investors just waiting.
With only 31 million out to play around with anything can happen at this point.
If LA Sold it would bring in TNR around 100 million
just food 4 thought