Madison 5 - 1190
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Pseudopandemic
Covid 19 was and is a pseudopandemic. It was the gross exaggeration of the threat posed by a low mortality respiratory illness, comparable to influenza.
The pseudopandemic was a psychological operation (psy-op) designed to terrorise the public. The objective was to accustom the people to draconian system of government oppression by familiarising them with the mechanisms of a biosecurity state.
The pseudopandemic was based upon an influenza like illness which, regardless of its origin, was not and is not a disease which can legitimately be considered the cause of a “pandemic.” The only way it could ever be described as such was by the removal of any reference to mortality from the World Health Organisation’s definition.
COVID 19 is a disease which has a mortality age distribution profile indistinguishable from standard mortality. Unlike influenza, which disproportionately impacts the young, in terms of threat to life, COVID 19 was and is a wholly unremarkable illness.
Were it not for political theatrics and mainstream media propaganda, which began in China, no one, outside of the medical profession and COVID 19 sufferers, would have remarked on this disease.
The illusion of overwhelmed health services was created by massively reducing their capacity and staffing levels while simultaneously reorienting healthcare to treat everyone who presented with a respiratory illness as viral plague carriers.
In reality the pseudopandemic saw unusually low levels of hospital bed occupancy. However, due to the additional policies and procedures heaped upon them, healthcare services were thrown into into disarray.
This was combined with the use of tests, incapable of diagnosing anything, as proof of a COVID 19 “case.” This enabled governments around the world to make absurd claims about the threat level. They relied upon fake science and junk data throughout. As symptomatic illness and resultant disease mortality was relatively low, they asserted that people without any signs of illness (the asymptomatic) were spreading the contagion.
This was abject nonsense. There was no evidence that the asymptomatic infected anyone. Those at risk of severe illness were the small minority of people who already had serious comorbidities, often due to their age.
The mass house arrests (lockdowns) and other measures, such as wearing face masks, were then used to increase the infection risk, to reduce broad levels of population immunity and give the false impression of an extraordinary public health threat. The removal of health care for every other disease, including cancer and ischaemic heart disease, coupled with the health costs of increasing deprivation and immunosuppressant policies, were then exploited to bolster the illusion of a pandemic.
This does not mean that COVID 19 didn’t kill people but those who died of the disease were a small percentage of the total numbers claimed. COVID 19 had no discernible impact upon all-cause mortality. The increase above one of the lowest ever 5 year mortality averages was mainly caused by the withdrawal of health services, as increasing numbers of people died in their own homes or in overburdened care settings, without receiving normal medical attention.
Despite these efforts, mortality in 2020 was still only the 9th highest in the first two decades of the 21st century and one of the lowest age-standardised mortality rates in the last 50 years.
COVID 19 presented virtually no risk to those of working age an none at all to the young. There was no evidence that children were either at or presented any risk. The school closures were part of the pseudopandemic psy-op. They gave the misleading impression of an emergency and provided fraudulent justification for vaccinating children.
The pseudopandemic was planned to lead to the complete transformation of our culture and society. It has irrevocably changed our relationship with governments, has caused catastrophic economic disruption, shutdown global trade and saw millions become reliant on government subsidies. The pseudopandemic was the opening salvo in a global coup d’état.
The new pseudopandemic biosecurity apparatus is designed to control our behaviour as we are forced through a global transformation. Those behind the pseudopandemic intend to change the International Monetary and Financial System (IMFS) and establish global governance in the shape of technocracy. Technocracy is a neofeudal, totalitarian system based upon communitarian principles.
We will be offered the illusion of participatory democracy through our required participation and belief in “civil society.” Civil society will be a “stakeholder” in the Technocracy. However, civil society will only be allowed to pursue polices set at the global level.
Applied psychology was used throughout the pseudopandemic to fix our “choice environment.” We were conditioned to believe that following the rules was the responsible and moral choice. In reality our behaviour was being deliberately altered to ensure our compliance with the diktats of the biosecurity state, preparing society for the transition to technocracy.
The new global IMFS is built upon carbon trading and a $120 trillion carbon bond market is currently under construction. Assets are being defined in terms of their Stakeholder Capitalism Metrics which rate investments depending upon their environmental, social and governance (ESG) score.
These metrics have been established by the World Economic Forum working in partnership with the central banks, the Bank for International Settlements (BIS) and other stakeholder capitalists, such as the investment firm BlackRock.
The global system of central banks, headed by the BIS, are “going direct” by directly funding government policy. They have linked monetary policy to fiscal policy which means ultimate control of all government spending by the BIS. The Financial Services Board of the BIS regulates ESG’s and determines the value of sustainable financial assets.
In this way, the global technocracy will facilitate the continuation of crony capitalism, as only the right stakeholders will receive the approved ESG rating. Those who don’t will not be able to raise the investment capital they need and will be forced out of business.
“Going direct” began before the World Health Organisation (WHO) declared a global pandemic. All of the economic and financial responses to the pseudopandemic, such as furlough and business support packages, were agreed as part of the “going direct” plan in August 2019.
The so called economic stimulus of Quantitative Easing (QE) is a fraud. It is based upon the unbridled monetisation of debt on an unprecedented scale. Going direct means that the toxic junk assets of the financial institutions have been taken on to the balance sheets of the central banks. Thus creating unimaginable levels of public debt that can never, and will never, be repaid.
The QE money, created out of absolutely nothing, has been pumped into the financial markets for the continued enrichment of the right stakeholders. The vast expansion of the money supply will shortly lead to hyperinflation. The mass unemployment that will occur as a result of the austerity, caused both by the staggering levels of debt and our transition to a new IMFS, will create stagflation.
The new net zero carbon economy will mean permanent austerity for the majority. The Technate will provide a universal basic income (UBI), or some variation of the concept, to be paid in Central Bank Digital Currency (CDBC). This will mean that no one will have their own money, other than the chosen stakeholders, as all transactions will be monitored and controlled by the central banks.
Those who oppose the neofeudal authority of the corporate, stakeholder Technate and refuse to comply with the imposition of biosecurity obligations will have their CBDC restricted or switched off. The pseudopandemic has established the framework of the biosecurity state that will control all our lives. The vaccine passports are the gateway to full biometric identity for every citizen in the new normal Technate.
We will be required to show our biometric ID on demand. Access to goods and services will be monitored and restricted as desired by the Technate. UBI and CBDC combined with biometric ID will ensure our compliance. The central planners of the Technate will oversee the AI controlled system which will automatically limit the freedoms of those who defy the rules decreed by the stakeholder capitalists.
Money, as we currently understand it, is no longer required by those behind the pseudopandemic. The net zero carbon economy enables them to seize control of the “global commons.” This means that they will have dominion over all of the Earth’s natural resources. All land, the oceans, the atmosphere and even space is being converted into assets via Stakeholder Capitalism Metrics.
Not only will we have no money of our own, we will be unable to access the resources we need to survive without permission from the Technate. While this system of technocracy has been planned for more than a century, it was the financial collapse in 2008 that led the pseudopandemic planners to increase the pace of transformation. The monetisation of debt had long been the source of their authority but this IMFS was unsustainable. As all money was debt, its eventual collapse was inevitable. It passed the point of no return in 2008.
With their going direct plan in place, the stage was set for the pseudopandemic. SARS-CoV-2 provided the perfect opportunity and the core conspirators behind the pseudopandemic had trained extensively in readiness for the operation. We were then barraged by a mainstream media propaganda campaign and military’s information warfare units were deployed to control our “choice environment.”
Scientific and medical doubts were censored as the suspension of normal democratic processes was exploited to introduce the biosecurity state. Laws were passed to allow government to commit any crime it wished in pursuit of stakeholder capitalist sustainable development goals. Laws to end the right of protest and censor free speech are moving unopposed through the legislature as national governments, who are no more than stakeholder partners within the new normal technocracy, prepare us for the coming Technate.
For the core conspirators of the pseudopandemic this is the realisation of their long held dream of global governance. They are steeped in the mythology of eugenics and population control. Once they have total control of the global commons they will no longer need us as consumers and are intent upon significant population reduction.
As insane as this all sounds the evidence, explored in pseudopandemic, is overwhelming. We are facing global neofeudalism unless we act now. Herein lies our hope.
The core conspirators have no real power. It is an illusion that they are desperate to maintain. They invest billions in propaganda, hybrid warfare and security systems because they are terrified that we will realise what they are doing.
Their plan can only succeed if we believe their lies and comply with their orders. If we don’t there is nothing they can do about it.
We can reset the world.
Iain Davis
https://off-guardian.org/2021/06/29/pseudopandemic/?fbclid=IwAR3-N8rscwo7yuEpz74kYfWFR5chqOFlmpaUnQ0QX6JX4mALNq_xNn4YtD0
DMIFF - Closed at .2723 today !
The DMIFF chart doesn't mean much considering they were shut down for a year due to covid restrictions.
I'm up over 113% with these guys since I first brought them to the attention of the board back in January when they were at .08
It's still early. They've barely restarted production after the initial covid shut downs, and completed targeted expansions will double production. Enjoy the ride.
Diamcor Increases Revenues to USD $1.2M in First Quarter of New Fiscal Year
KELOWNA, June 15, 2021 – Diamcor Mining Inc. (TSX-V.DMI / OTCQB-DMIFF), (“Diamcor” or, the “Company”) today announced its results from the ongoing tender and sales of rough diamonds to date in the Company’s first quarter ending June 30, 2021. The rough diamonds recovered from the processing of quarry material underway at the Company’s Krone Endora at Venetia Project (the “Project”) continued to achieve strong dollar per carat averages throughout the quarter, and continued to deliver larger gem quality rough diamonds in the special category (+10.8 carats).
Despite ongoing COVID-19 restrictions limiting processing capacity in the quarter, the Company sold a total of 4,468.04 carats, generating gross revenues of USD $1,208,106, resulting in a combined average price of USD $270.39 per carat. Approximately 1,500 additional carats, including several rough diamonds in the +10.8 specials category, have been delivered as of the date of this release. These, along with the rough diamonds recovered to the end of June 2021, will be recorded as stock on hand at the end of the period and offered in the Company’s upcoming Q2 tender and sales.
Highlights:
2,122.76 carats of rough diamonds were tendered and sold in an initial offering, generating gross revenues of USD $591,733, for a combined average price of USD $278.78 per carat.
599.72 carats of rough diamonds were tendered and sold in a second offering, generating gross revenues of USD $183,808, for a combined average price of USD $306.49 per carat.
1,745.56 carats of rough diamonds tendered and sold in a third offering, generating gross revenues of USD $432,566, for a combined average price of USD $247.81 per carat.
“These results continue to demonstrate our ability to achieve strong dollar per carat averages and to generate significant gross revenues, while currently processing material at lower volumes due to the global Pandemic”, stated Mr. Dean Taylor, Diamcor CEO. “With industry experts widely reporting on the current and potential long-term shortage of rough diamonds, we are very well positioned to take advantage of this trend through our planned increase in processing volumes.”
About Diamcor Mining Inc.
Diamcor Mining Inc. is a fully reporting publicly traded junior diamond mining company which is listed on the TSX Venture Exchange under the symbol V.DMI, and on the OTC QB International under the symbol DMIFF. The Company has a well-established operational and production history in South Africa and extensive prior experience supplying rough diamonds to the world market.
About the Tiffany & Co. Alliance
The Company has established a long-term strategic alliance and first right of refusal with Tiffany & Co. Canada, a subsidiary of world famous New York based Tiffany & Co., to purchase up to 100% of the future production of rough diamonds from the Krone-Endora at Venetia Project at then current prices to be determined by the parties on an ongoing basis. In conjunction with this first right of refusal, Tiffany & Co. Canada also provided the Company with financing to advance the Project. Tiffany & Co. is a publicly traded company which is listed on the New York Stock Exchange under the symbol TIF. For additional information on Tiffany & Co., please visit their website at www.tiffany.com.
About Krone-Endora at Venetia
In February 2011, Diamcor acquired the Krone-Endora at Venetia Project from De Beers Consolidated Mines Limited, consisting of the prospecting rights over the farms Krone 104 and Endora 66, which represent a combined surface area of approximately 5,888 hectares directly adjacent to De Beers’ flagship Venetia Diamond Mine in South Africa. On September 11, 2014, the Company announced that the South African Department of Mineral Resources had granted a Mining Right for the Krone-Endora at Venetia Project encompassing 657.71 hectares of the Project’s total area of 5,888 hectares. The Company has also submitted an application for a mining right over the remaining areas of the Project.
The deposits which occur on the properties of Krone and Endora have been identified as a higher-grade “Alluvial” basal deposit which is covered by a lower-grade upper “Eluvial” deposit. The deposits are proposed to be the result of the direct-shift (in respect to the “Eluvial” deposit) and erosion (in respect to the “Alluvial” deposit) of material from the higher grounds of the adjacent Venetia Kimberlite areas. The deposits on Krone-Endora occur in two layers with a maximum total depth of approximately 15.0 metres from surface to bedrock, allowing for a very low-cost mining operation to be employed with the potential for near-term diamond production from a known high-quality source.
Krone-Endora also benefits from the significant development of infrastructure and services already in place due to its location directly adjacent to the Venetia Mine.
Qualified Person Statement:
Mr. James P. Hawkins (B.Sc., P.Geo.), is Manager of Exploration & Special Projects for Diamcor Mining Inc., and the Qualified Person in accordance with National Instrument 43-101 responsible for overseeing the execution of Diamcor’s exploration programmes and a Member of the Association of Professional Engineers and Geoscientists of Alberta (“APEGA”). Mr. Hawkins has reviewed this press release and approved of its contents.
On behalf of the Board of Directors
Mr. Dean H. Taylor
President & CEO
Diamcor Mining Inc.
www.diamcormining.com
For further information contact:
Mr. Dean H. Taylor
Diamcor Mining Inc
DeanT@Diamcor.com
+1 250 862-3212
Mr. Rich Matthews
Integrous Communications
rmatthews@integcom.us
+1 (604) 757-7179
This press release contains certain forward-looking statements. While these forward-looking statements represent our best current judgement, they are subject to a variety of risks and uncertainties that are beyond the Company’s ability to control or predict and which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Further, the Company expressly disclaims any obligation to update any forward looking statements. Accordingly, readers should not place undue reliance on forward-looking statements.
WE SEEK SAFE HARBOUR
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this releas
http://www.diamcormining.com/investors/news/index.php?content_id=355
Diamcor Increases Revenues to USD $1.2M in First Quarter of New Fiscal Year
KELOWNA, June 15, 2021 – Diamcor Mining Inc. (TSX-V.DMI / OTCQB-DMIFF), (“Diamcor” or, the “Company”) today announced its results from the ongoing tender and sales of rough diamonds to date in the Company’s first quarter ending June 30, 2021. The rough diamonds recovered from the processing of quarry material underway at the Company’s Krone Endora at Venetia Project (the “Project”) continued to achieve strong dollar per carat averages throughout the quarter, and continued to deliver larger gem quality rough diamonds in the special category (+10.8 carats).
Despite ongoing COVID-19 restrictions limiting processing capacity in the quarter, the Company sold a total of 4,468.04 carats, generating gross revenues of USD $1,208,106, resulting in a combined average price of USD $270.39 per carat. Approximately 1,500 additional carats, including several rough diamonds in the +10.8 specials category, have been delivered as of the date of this release. These, along with the rough diamonds recovered to the end of June 2021, will be recorded as stock on hand at the end of the period and offered in the Company’s upcoming Q2 tender and sales.
Highlights:
2,122.76 carats of rough diamonds were tendered and sold in an initial offering, generating gross revenues of USD $591,733, for a combined average price of USD $278.78 per carat.
599.72 carats of rough diamonds were tendered and sold in a second offering, generating gross revenues of USD $183,808, for a combined average price of USD $306.49 per carat.
1,745.56 carats of rough diamonds tendered and sold in a third offering, generating gross revenues of USD $432,566, for a combined average price of USD $247.81 per carat.
“These results continue to demonstrate our ability to achieve strong dollar per carat averages and to generate significant gross revenues, while currently processing material at lower volumes due to the global Pandemic”, stated Mr. Dean Taylor, Diamcor CEO. “With industry experts widely reporting on the current and potential long-term shortage of rough diamonds, we are very well positioned to take advantage of this trend through our planned increase in processing volumes.”
About Diamcor Mining Inc.
Diamcor Mining Inc. is a fully reporting publicly traded junior diamond mining company which is listed on the TSX Venture Exchange under the symbol V.DMI, and on the OTC QB International under the symbol DMIFF. The Company has a well-established operational and production history in South Africa and extensive prior experience supplying rough diamonds to the world market.
About the Tiffany & Co. Alliance
The Company has established a long-term strategic alliance and first right of refusal with Tiffany & Co. Canada, a subsidiary of world famous New York based Tiffany & Co., to purchase up to 100% of the future production of rough diamonds from the Krone-Endora at Venetia Project at then current prices to be determined by the parties on an ongoing basis. In conjunction with this first right of refusal, Tiffany & Co. Canada also provided the Company with financing to advance the Project. Tiffany & Co. is a publicly traded company which is listed on the New York Stock Exchange under the symbol TIF. For additional information on Tiffany & Co., please visit their website at www.tiffany.com.
About Krone-Endora at Venetia
In February 2011, Diamcor acquired the Krone-Endora at Venetia Project from De Beers Consolidated Mines Limited, consisting of the prospecting rights over the farms Krone 104 and Endora 66, which represent a combined surface area of approximately 5,888 hectares directly adjacent to De Beers’ flagship Venetia Diamond Mine in South Africa. On September 11, 2014, the Company announced that the South African Department of Mineral Resources had granted a Mining Right for the Krone-Endora at Venetia Project encompassing 657.71 hectares of the Project’s total area of 5,888 hectares. The Company has also submitted an application for a mining right over the remaining areas of the Project.
The deposits which occur on the properties of Krone and Endora have been identified as a higher-grade “Alluvial” basal deposit which is covered by a lower-grade upper “Eluvial” deposit. The deposits are proposed to be the result of the direct-shift (in respect to the “Eluvial” deposit) and erosion (in respect to the “Alluvial” deposit) of material from the higher grounds of the adjacent Venetia Kimberlite areas. The deposits on Krone-Endora occur in two layers with a maximum total depth of approximately 15.0 metres from surface to bedrock, allowing for a very low-cost mining operation to be employed with the potential for near-term diamond production from a known high-quality source.
Krone-Endora also benefits from the significant development of infrastructure and services already in place due to its location directly adjacent to the Venetia Mine.
Qualified Person Statement:
Mr. James P. Hawkins (B.Sc., P.Geo.), is Manager of Exploration & Special Projects for Diamcor Mining Inc., and the Qualified Person in accordance with National Instrument 43-101 responsible for overseeing the execution of Diamcor’s exploration programmes and a Member of the Association of Professional Engineers and Geoscientists of Alberta (“APEGA”). Mr. Hawkins has reviewed this press release and approved of its contents.
On behalf of the Board of Directors
Mr. Dean H. Taylor
President & CEO
Diamcor Mining Inc.
www.diamcormining.com
For further information contact:
Mr. Dean H. Taylor
Diamcor Mining Inc
DeanT@Diamcor.com
+1 250 862-3212
Mr. Rich Matthews
Integrous Communications
rmatthews@integcom.us
+1 (604) 757-7179
This press release contains certain forward-looking statements. While these forward-looking statements represent our best current judgement, they are subject to a variety of risks and uncertainties that are beyond the Company’s ability to control or predict and which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Further, the Company expressly disclaims any obligation to update any forward looking statements. Accordingly, readers should not place undue reliance on forward-looking statements.
WE SEEK SAFE HARBOUR
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this releas
http://www.diamcormining.com/investors/news/index.php?content_id=355
biden bends over and spreads 'em for putin - and precious metals get smashed. Butt Of course.
DMIFF Diamcor Mining .185 printed today - on 85,000 volume (OTC) with 83% buys !
DMIFF .185 printed today - on 85,000 volume (OTC) with 83% buys !
Diamcor Resumes Expansion Plans to Increase Processing Volumes
KELOWNA, May 27, 2021 – Diamcor Mining Inc. (TSX-V.DMI / OTCQB-DMIFF), (“Diamcor” or, the “Company”) (.1248) today announced it is proceeding with the expansion of processing facilities at the Company’s Krone Endora at Venetia Project (the “Project”). The Company originally targeted the expansion for 2020; however, due to the events surrounding the COVID-19 pandemic and associated public health restrictions implemented in South Africa, those plans were intentionally delayed in an effort to lower expenses and capital expenditures during that time. The Company’s Chief Operating Officer, Dr. Kurt Petersen, has outlined a strategy based on an extensive ongoing evaluation of the Project’s heavy equipment fleet, operations, processing plants, final recovery systems, mineral resource management and rehabilitation commitments.
The expansion is targeted to take place in two phases. The first phase will be aimed at doubling the current processing volumes in the near-term, with the second aimed at finalizing the Project’s mining and processing scheme to significantly enhance long-term processing volume capabilities as part of the Company’s overall long-term mineral project management strategy. These plans are not expected to affect the on-going processing efforts currently underway. The initial phase will consist of a new final x-ray recovery process aimed at increasing diamond recovery efficiencies, and additional processing equipment to improve bulk materials reduction. Planned completion for this initial phase is prior to the end of the Company’s second quarter ending September 30, 2021.
A second larger phase will focus on completing the groundwork necessary for future expansion capabilities. The Company plans to consolidate its current facilities to further increase throughputs, reduce the overall processing footprint and unit costs, and minimize environmental disturbance. Additional heavy equipment will also be added if required to support these objectives. This overall strategy will be supported by the parallel activities of drilling and bulk sampling of prospective target areas of the Project, which is scheduled to commence prior to the end of 2021.
“We are very pleased with this blueprint for expansion completed by our team”, stated Mr. Dean Taylor, Diamcor CEO. “The expansion and further refinement of our facilities is simply a continuation of our pre-COVID-19 plans to support future growth, with the two-stage approach designed to increase volumes and revenues in the near-term, with the goal to fund our planned expansion through increased cash flow”.
About Diamcor Mining Inc.
Diamcor Mining Inc. is a fully reporting publicly traded junior diamond mining company which is listed on the TSX Venture Exchange under the symbol V.DMI, and on the OTC QB International under the symbol DMIFF. The Company has a well-established operational and production history in South Africa and extensive prior experience supplying rough diamonds to the world market.
About the Tiffany & Co. Alliance
The Company has established a long-term strategic alliance and first right of refusal with Tiffany & Co. Canada, a subsidiary of world-famous New York based Tiffany & Co., to purchase up to 100% of the future production of rough diamonds from the Krone-Endora at Venetia Project at then current prices to be determined by the parties on an ongoing basis. In conjunction with this first right of refusal, Tiffany & Co. Canada also provided the Company with financing to advance the Project. For additional information on Tiffany & Co., please visit their website at www.tiffany.com.
About Krone-Endora at Venetia
In February 2011, Diamcor acquired the Krone-Endora at Venetia Project from De Beers Consolidated Mines Limited, consisting of the prospecting rights over the farms Krone 104 and Endora 66, which represent a combined surface area of approximately 5,888 hectares directly adjacent to De Beers’ flagship Venetia Diamond Mine in South Africa. On September 11, 2014, the Company announced that the South African Department of Mineral Resources had granted a Mining Right for the Krone-Endora at Venetia Project encompassing 657.71 hectares of the Project’s total area of 5,888 hectares. The Company has also submitted an application for a mining right over the remaining areas of the Project. The deposits which occur on the properties of Krone and Endora have been identified as a higher-grade “Alluvial” basal deposit which is covered by a lower-grade upper “Eluvial” deposit. The deposits are proposed to be the result of the direct-shift (in respect to the “Eluvial” deposit) and erosion (in respect to the “Alluvial” deposit) of material from the higher grounds of the adjacent Venetia Kimberlite areas. The deposits on Krone-Endora occur in two layers with a maximum total depth of approximately 15.0 metres from surface to bedrock, allowing for a very low-cost mining operation to be employed with the potential for near-term diamond production from a known high-quality source. Krone-Endora also benefits from the significant development of infrastructure and services already in place due to its location directly adjacent to the Venetia Mine.
Qualified Person Statement:
Mr. James P. Hawkins (B.Sc., P.Geo.), is Manager of Exploration & Special Projects for Diamcor Mining Inc., and the Qualified Person in accordance with National Instrument 43-101 responsible for overseeing the execution of Diamcor’s exploration programmes and a Member of the Association of Professional Engineers and Geoscientists of Alberta (“APEGA”). Mr. Hawkins has reviewed this press release and approved of its contents.
On behalf of the Board of Directors
Mr. Dean H. Taylor
President & CEO
Diamcor Mining Inc.
www.diamcormining.com
For further information contact:
Mr. Dean H. Taylor
Diamcor Mining Inc
DeanT@Diamcor.com
+1 250 862-3212
Mr. Rich Matthews
Integrous Communications
rmatthews@integcom.us
+1 (604) 355-7179
This press release contains certain forward-looking statements. While these forward-looking statements represent our best current judgement, they are subject to a variety of risks and uncertainties that are beyond the Company’s ability to control or predict and which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Further, the Company expressly disclaims any obligation to update any forward looking statements. Accordingly, readers should not place undue reliance on forward-looking statements.
WE SEEK SAFE HARBOUR
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
http://www.diamcormining.com/investors/news/index.php?content_id=352
Diamcor Resumes Expansion Plans to Increase Processing Volumes
KELOWNA, May 27, 2021 – Diamcor Mining Inc. (TSX-V.DMI / OTCQB-DMIFF), (“Diamcor” or, the “Company”) (.1248) today announced it is proceeding with the expansion of processing facilities at the Company’s Krone Endora at Venetia Project (the “Project”). The Company originally targeted the expansion for 2020; however, due to the events surrounding the COVID-19 pandemic and associated public health restrictions implemented in South Africa, those plans were intentionally delayed in an effort to lower expenses and capital expenditures during that time. The Company’s Chief Operating Officer, Dr. Kurt Petersen, has outlined a strategy based on an extensive ongoing evaluation of the Project’s heavy equipment fleet, operations, processing plants, final recovery systems, mineral resource management and rehabilitation commitments.
The expansion is targeted to take place in two phases. The first phase will be aimed at doubling the current processing volumes in the near-term, with the second aimed at finalizing the Project’s mining and processing scheme to significantly enhance long-term processing volume capabilities as part of the Company’s overall long-term mineral project management strategy. These plans are not expected to affect the on-going processing efforts currently underway. The initial phase will consist of a new final x-ray recovery process aimed at increasing diamond recovery efficiencies, and additional processing equipment to improve bulk materials reduction. Planned completion for this initial phase is prior to the end of the Company’s second quarter ending September 30, 2021.
A second larger phase will focus on completing the groundwork necessary for future expansion capabilities. The Company plans to consolidate its current facilities to further increase throughputs, reduce the overall processing footprint and unit costs, and minimize environmental disturbance. Additional heavy equipment will also be added if required to support these objectives. This overall strategy will be supported by the parallel activities of drilling and bulk sampling of prospective target areas of the Project, which is scheduled to commence prior to the end of 2021.
“We are very pleased with this blueprint for expansion completed by our team”, stated Mr. Dean Taylor, Diamcor CEO. “The expansion and further refinement of our facilities is simply a continuation of our pre-COVID-19 plans to support future growth, with the two-stage approach designed to increase volumes and revenues in the near-term, with the goal to fund our planned expansion through increased cash flow”.
About Diamcor Mining Inc.
Diamcor Mining Inc. is a fully reporting publicly traded junior diamond mining company which is listed on the TSX Venture Exchange under the symbol V.DMI, and on the OTC QB International under the symbol DMIFF. The Company has a well-established operational and production history in South Africa and extensive prior experience supplying rough diamonds to the world market.
About the Tiffany & Co. Alliance
The Company has established a long-term strategic alliance and first right of refusal with Tiffany & Co. Canada, a subsidiary of world-famous New York based Tiffany & Co., to purchase up to 100% of the future production of rough diamonds from the Krone-Endora at Venetia Project at then current prices to be determined by the parties on an ongoing basis. In conjunction with this first right of refusal, Tiffany & Co. Canada also provided the Company with financing to advance the Project. For additional information on Tiffany & Co., please visit their website at www.tiffany.com.
About Krone-Endora at Venetia
In February 2011, Diamcor acquired the Krone-Endora at Venetia Project from De Beers Consolidated Mines Limited, consisting of the prospecting rights over the farms Krone 104 and Endora 66, which represent a combined surface area of approximately 5,888 hectares directly adjacent to De Beers’ flagship Venetia Diamond Mine in South Africa. On September 11, 2014, the Company announced that the South African Department of Mineral Resources had granted a Mining Right for the Krone-Endora at Venetia Project encompassing 657.71 hectares of the Project’s total area of 5,888 hectares. The Company has also submitted an application for a mining right over the remaining areas of the Project. The deposits which occur on the properties of Krone and Endora have been identified as a higher-grade “Alluvial” basal deposit which is covered by a lower-grade upper “Eluvial” deposit. The deposits are proposed to be the result of the direct-shift (in respect to the “Eluvial” deposit) and erosion (in respect to the “Alluvial” deposit) of material from the higher grounds of the adjacent Venetia Kimberlite areas. The deposits on Krone-Endora occur in two layers with a maximum total depth of approximately 15.0 metres from surface to bedrock, allowing for a very low-cost mining operation to be employed with the potential for near-term diamond production from a known high-quality source. Krone-Endora also benefits from the significant development of infrastructure and services already in place due to its location directly adjacent to the Venetia Mine.
Qualified Person Statement:
Mr. James P. Hawkins (B.Sc., P.Geo.), is Manager of Exploration & Special Projects for Diamcor Mining Inc., and the Qualified Person in accordance with National Instrument 43-101 responsible for overseeing the execution of Diamcor’s exploration programmes and a Member of the Association of Professional Engineers and Geoscientists of Alberta (“APEGA”). Mr. Hawkins has reviewed this press release and approved of its contents.
On behalf of the Board of Directors
Mr. Dean H. Taylor
President & CEO
Diamcor Mining Inc.
www.diamcormining.com
For further information contact:
Mr. Dean H. Taylor
Diamcor Mining Inc
DeanT@Diamcor.com
+1 250 862-3212
Mr. Rich Matthews
Integrous Communications
rmatthews@integcom.us
+1 (604) 355-7179
This press release contains certain forward-looking statements. While these forward-looking statements represent our best current judgement, they are subject to a variety of risks and uncertainties that are beyond the Company’s ability to control or predict and which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Further, the Company expressly disclaims any obligation to update any forward looking statements. Accordingly, readers should not place undue reliance on forward-looking statements.
WE SEEK SAFE HARBOUR
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
http://www.diamcormining.com/investors/news/index.php?content_id=352
I didn't see Mexus latest PR. Hopefully they are producing with profitable recoveries. It's been a rough ride for the longs, I hope it works out for everybody.
The guy is a F%#$ing Disaster.
Good stuff G, Excellent read.
Gold 1867 Silver 28.17 Copper 4.66 Inflation anyone? Nah -LMFAO
Gold 1830 Silver 27.35 Copper 4.72 - Bowing to the inevitable. They can only shovel shit against the tide for so long.
Darn right CD. It's going to take a complete and total collapse for any kind of reform to take place.
It will NEVER happen "from within."
The whole notion of "ethics" is quaint until the sins are exposed for all to see.
I hope for Nuremburg type public trials of these incompetent unabashed bastards.
Gold 1766 Silver 25.82 Copper 4.47 - The stupidity continues.
We broke the gold window once, and bG we'll do the same thing to silver.
We need public Nuremburg type trials - once and for all - for these loathsome miserable stinking turds.
Thank you ironwill23 !!! Much appreciated.
Thanks rmepilot. That means a lot, please know I appreciate you. I'm throwing the kitchen sink at it, and apparently there's one more chemo concoction we haven't tried.
Unfortunately, each concoction is less effective than the one before, and I'm now on the 4th one, so it's a short term reprieve at best.
We'll start that one on the 19th once I re-gain some strength, and of course there's all the "kitchen sink" type stuff.
I'm a stubborn SOB - I don't give up.
The cancer doctor is checking into clinical trials both at the local and national level so we'll see if anything turns up.
I'm cautiously optimistic.
Thanks and Good luck to you guys too.
It's sobering when the Doctor effectively "throws in the towel."
I wasn't though fighting yet - although I guess that means I am now.
I'll try mega doses of RSO, Geovanni's D3, an immune booster supplement, zinc, and I'm ordering quinine (if I can get it). Might try some colloidal Silver too.
At this point it's WTF - got nothing to lose - it doesn't matter anyway.
Hanging by a thread right now. I don't know how many more rallies I've got left.
Diamcor Continues to Achieve Strong Dollar Per Carat Results in the First Tender and Sale of its New Fiscal Year
KELOWNA, April 22, 2021 – Diamcor Mining Inc. (.1032) http://www.diamcormining.com/
(TSX-V.DMI / OTCQB-DMIFF), (“Diamcor” or, the “Company”) today announced its results from the tender and sale of rough diamonds recovered from the processing of quarry material at the Company’s Krone Endora at Venetia Project (the “Project”). The results reconfirmed the potential for increased average dollar per carat values from the operational and processing refinements made by the Company, and from the recovery of larger gem quality rough diamonds in the special category (+10.8 carats).
In the Company’s first offering of its new fiscal year starting April 1, 2021, the Company tendered and sold 2,122.76 carats.
Highlights:
The total combined rough diamonds tendered and sold was 2,122.76 carats, generating initial gross revenues for the quarter of USD $591,733, resulting in a combined average price of USD $278.78 per carat.
Of the total, 1,879.87 carats of rough diamonds were tendered and sold in Dubai UEA, generating gross revenues of USD $564,189, resulting in an average price of USD $300.12 per carat for these rough diamonds.
The Dubai UEA tender and sale include two rough diamonds in the specials (+10.8 carats) category, a 12.87 carat gem quality rough diamond, and an 11.13 carat rough diamond.
Of the above total, 242.89 carats of run of mine rough diamonds were sold to the South African State Diamond Trader, for gross revenues of USD $27,584, resulting in an average price of USD $113.57 per carat for these rough diamonds.
In addition to the above total rough diamonds tendered and sold, approximately 1,000 additional carats of rough diamonds, including two rough diamonds in the +10.8 specials category, a unique 14.09 carat square/cube gem quality rough diamond and a 16.13 carat rough diamond, were also delivered and will be included in the Company’s next tender and sale.
The size and quantity of special rough diamonds in this sale and tender, and those to be offered in the Company’s upcoming tender, are not seen as uncommon for the Project, which continues to demonstrate its potential to generate excellent dollar per carat results and revenues from processing quarry material.
Additional Highlights:
The average dollar per carat achieved for the balance of the 2,122.76 carats of rough diamonds tendered and sold, excluding the noted gem quality 12.87 carat diamond, continued to remain strong, as in previous recent tender and sales, at USD $234.73 per carat.
Overall demand and pricing in a majority of the rough diamond assortments tendered and sold by the Company continued to meet expectations, with the exception of some slight weakness in lower quality smaller goods.
“We are pleased with these excellent results, which are further confirmation of our ability to achieve strong dollar per carat and gross revenue numbers while continuing to operate on lower volumes due to the global Pandemic”, stated Mr. Dean Taylor, Diamcor CEO. “Despite continuing to operate on a reduced basis to stringently manage costs, our ongoing planning and preparations to increase processing volumes remains a key focus.”
About Diamcor Mining Inc.
Diamcor Mining Inc. is a fully reporting publicly traded junior diamond mining company which is listed on the TSX Venture Exchange under the symbol V.DMI, and on the OTC QB International under the symbol DMIFF. The Company has a well-established operational and production history in South Africa and extensive prior experience supplying rough diamonds to the world market.
About the Tiffany & Co. Alliance
The Company has established a long-term strategic alliance and first right of refusal with Tiffany & Co. Canada, a subsidiary of world famous New York based Tiffany & Co., to purchase up to 100% of the future production of rough diamonds from the Krone-Endora at Venetia Project at then current prices to be determined by the parties on an ongoing basis. In conjunction with this first right of refusal, Tiffany & Co. Canada also provided the Company with financing to advance the Project. Tiffany & Co. is a publicly traded company which is listed on the New York Stock Exchange under the symbol TIF. For additional information on Tiffany & Co., please visit their website at www.tiffany.com.
About Krone-Endora at Venetia
In February 2011, Diamcor acquired the Krone-Endora at Venetia Project from De Beers Consolidated Mines Limited, consisting of the prospecting rights over the farms Krone 104 and Endora 66, which represent a combined surface area of approximately 5,888 hectares directly adjacent to De Beers’ flagship Venetia Diamond Mine in South Africa. On September 11, 2014, the Company announced that the South African Department of Mineral Resources had granted a Mining Right for the Krone-Endora at Venetia Project encompassing 657.71 hectares of the Project’s total area of 5,888 hectares. The Company has also submitted an application for a mining right over the remaining areas of the Project. The deposits which occur on the properties of Krone and Endora have been identified as a higher-grade “Alluvial” basal deposit which is covered by a lower-grade upper “Eluvial” deposit. The deposits are proposed to be the result of the direct-shift (in respect to the “Eluvial” deposit) and erosion (in respect to the “Alluvial” deposit) of material from the higher grounds of the adjacent Venetia Kimberlite areas. The deposits on Krone-Endora occur in two layers with a maximum total depth of approximately 15.0 metres from surface to bedrock, allowing for a very low-cost mining operation to be employed with the potential for near-term diamond production from a known high-quality source. Krone-Endora also benefits from the significant development of infrastructure and services already in place due to its location directly adjacent to the Venetia Mine.
Qualified Person Statement:
Mr. James P. Hawkins (B.Sc., P.Geo.), is Manager of Exploration & Special Projects for Diamcor Mining Inc., and the Qualified Person in accordance with National Instrument 43-101 responsible for overseeing the execution of Diamcor’s exploration programmes and a Member of the Association of Professional Engineers and Geoscientists of Alberta (“APEGA”). Mr. Hawkins has reviewed this press release and approved of its contents.
On behalf of the Board of Directors
Mr. Dean H. Taylor
President & CEO
Diamcor Mining Inc.
www.diamcormining.com
For further information contact:
Mr. Dean H. Taylor
Diamcor Mining Inc
DeanT@Diamcor.com
+1 250 862-3212
Mr. Rich Matthews
Integrous Communications
rmatthews@integcom.us
+1 (604) 355-7179
This press release contains certain forward-looking statements. While these forward-looking statements represent our best current judgement, they are subject to a variety of risks and uncertainties that are beyond the Company’s ability to control or predict and which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Further, the Company expressly disclaims any obligation to update any forward looking statements. Accordingly, readers should not place undue reliance on forward-looking statements.
WE SEEK SAFE HARBOUR
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
http://www.diamcormining.com/investors/news/index.php?content_id=351
Diamcor Continues to Achieve Strong Dollar Per Carat Results in the First Tender and Sale of its New Fiscal Year
KELOWNA, April 22, 2021 – Diamcor Mining Inc. (.1032) http://www.diamcormining.com/
(TSX-V.DMI / OTCQB-DMIFF), (“Diamcor” or, the “Company”) today announced its results from the tender and sale of rough diamonds recovered from the processing of quarry material at the Company’s Krone Endora at Venetia Project (the “Project”). The results reconfirmed the potential for increased average dollar per carat values from the operational and processing refinements made by the Company, and from the recovery of larger gem quality rough diamonds in the special category (+10.8 carats).
In the Company’s first offering of its new fiscal year starting April 1, 2021, the Company tendered and sold 2,122.76 carats.
Highlights:
The total combined rough diamonds tendered and sold was 2,122.76 carats, generating initial gross revenues for the quarter of USD $591,733, resulting in a combined average price of USD $278.78 per carat.
Of the total, 1,879.87 carats of rough diamonds were tendered and sold in Dubai UEA, generating gross revenues of USD $564,189, resulting in an average price of USD $300.12 per carat for these rough diamonds.
The Dubai UEA tender and sale include two rough diamonds in the specials (+10.8 carats) category, a 12.87 carat gem quality rough diamond, and an 11.13 carat rough diamond.
Of the above total, 242.89 carats of run of mine rough diamonds were sold to the South African State Diamond Trader, for gross revenues of USD $27,584, resulting in an average price of USD $113.57 per carat for these rough diamonds.
In addition to the above total rough diamonds tendered and sold, approximately 1,000 additional carats of rough diamonds, including two rough diamonds in the +10.8 specials category, a unique 14.09 carat square/cube gem quality rough diamond and a 16.13 carat rough diamond, were also delivered and will be included in the Company’s next tender and sale.
The size and quantity of special rough diamonds in this sale and tender, and those to be offered in the Company’s upcoming tender, are not seen as uncommon for the Project, which continues to demonstrate its potential to generate excellent dollar per carat results and revenues from processing quarry material.
Additional Highlights:
The average dollar per carat achieved for the balance of the 2,122.76 carats of rough diamonds tendered and sold, excluding the noted gem quality 12.87 carat diamond, continued to remain strong, as in previous recent tender and sales, at USD $234.73 per carat.
Overall demand and pricing in a majority of the rough diamond assortments tendered and sold by the Company continued to meet expectations, with the exception of some slight weakness in lower quality smaller goods.
“We are pleased with these excellent results, which are further confirmation of our ability to achieve strong dollar per carat and gross revenue numbers while continuing to operate on lower volumes due to the global Pandemic”, stated Mr. Dean Taylor, Diamcor CEO. “Despite continuing to operate on a reduced basis to stringently manage costs, our ongoing planning and preparations to increase processing volumes remains a key focus.”
About Diamcor Mining Inc.
Diamcor Mining Inc. is a fully reporting publicly traded junior diamond mining company which is listed on the TSX Venture Exchange under the symbol V.DMI, and on the OTC QB International under the symbol DMIFF. The Company has a well-established operational and production history in South Africa and extensive prior experience supplying rough diamonds to the world market.
About the Tiffany & Co. Alliance
The Company has established a long-term strategic alliance and first right of refusal with Tiffany & Co. Canada, a subsidiary of world famous New York based Tiffany & Co., to purchase up to 100% of the future production of rough diamonds from the Krone-Endora at Venetia Project at then current prices to be determined by the parties on an ongoing basis. In conjunction with this first right of refusal, Tiffany & Co. Canada also provided the Company with financing to advance the Project. Tiffany & Co. is a publicly traded company which is listed on the New York Stock Exchange under the symbol TIF. For additional information on Tiffany & Co., please visit their website at www.tiffany.com.
About Krone-Endora at Venetia
In February 2011, Diamcor acquired the Krone-Endora at Venetia Project from De Beers Consolidated Mines Limited, consisting of the prospecting rights over the farms Krone 104 and Endora 66, which represent a combined surface area of approximately 5,888 hectares directly adjacent to De Beers’ flagship Venetia Diamond Mine in South Africa. On September 11, 2014, the Company announced that the South African Department of Mineral Resources had granted a Mining Right for the Krone-Endora at Venetia Project encompassing 657.71 hectares of the Project’s total area of 5,888 hectares. The Company has also submitted an application for a mining right over the remaining areas of the Project. The deposits which occur on the properties of Krone and Endora have been identified as a higher-grade “Alluvial” basal deposit which is covered by a lower-grade upper “Eluvial” deposit. The deposits are proposed to be the result of the direct-shift (in respect to the “Eluvial” deposit) and erosion (in respect to the “Alluvial” deposit) of material from the higher grounds of the adjacent Venetia Kimberlite areas. The deposits on Krone-Endora occur in two layers with a maximum total depth of approximately 15.0 metres from surface to bedrock, allowing for a very low-cost mining operation to be employed with the potential for near-term diamond production from a known high-quality source. Krone-Endora also benefits from the significant development of infrastructure and services already in place due to its location directly adjacent to the Venetia Mine.
Qualified Person Statement:
Mr. James P. Hawkins (B.Sc., P.Geo.), is Manager of Exploration & Special Projects for Diamcor Mining Inc., and the Qualified Person in accordance with National Instrument 43-101 responsible for overseeing the execution of Diamcor’s exploration programmes and a Member of the Association of Professional Engineers and Geoscientists of Alberta (“APEGA”). Mr. Hawkins has reviewed this press release and approved of its contents.
On behalf of the Board of Directors
Mr. Dean H. Taylor
President & CEO
Diamcor Mining Inc.
www.diamcormining.com
For further information contact:
Mr. Dean H. Taylor
Diamcor Mining Inc
DeanT@Diamcor.com
+1 250 862-3212
Mr. Rich Matthews
Integrous Communications
rmatthews@integcom.us
+1 (604) 355-7179
This press release contains certain forward-looking statements. While these forward-looking statements represent our best current judgement, they are subject to a variety of risks and uncertainties that are beyond the Company’s ability to control or predict and which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Further, the Company expressly disclaims any obligation to update any forward looking statements. Accordingly, readers should not place undue reliance on forward-looking statements.
WE SEEK SAFE HARBOUR
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
http://www.diamcormining.com/investors/news/index.php?content_id=351
Forever LoL or so it seems. I bought into the first NEVDF "sure-thing" before covid. Then bailed a while, and stupidly got in on the next "sure thing" AFTER covid. When that didn't work either, I bailed for good at 15.9 several weeks ago.
These guys got more reasons for why they can't "do-it" than a Vietnamese whore.
If that ain't bad enough, my diamond producer is using the same lame-ass PR company as Nevada Copper, and getting about the same results.
The stupid ph*ckers haven't put out a PR in over 11 weeks over there either, and that in spite of impressive production numbers to report.
All they have to do is get off their dead ass and DO IT, which appears to be asking too much, the proverbial "bridge too far."
Doesn't mean anything. We've had the price of copper exploding and high volume on the canadian side, and yet this turd just sits there, wafting and flatulating it's disgusting stench towards anybody unfortunate enough to step in it. It pays to have hip-waders if you're gonna own this POS.
That's half right LOL!
Thanks ! Don't get me started on wheeler. The only thing that got him re-elected is, the other candidate was a bigger kook than HE was - No sh*t !
Somebody probably told those Turkish investors their crypto was "better the gold and silver." I guess now they know which is better.
On a side note, the Turkish Central Bank was having solvency problems a couple weeks ago and nothing has been said since. Must mean "problem solved" right ?
A Trader’s Federal Lawsuit Against JPMorgan Chase Offers a Window into the Crime Culture at the Five Felony-Count Bank
https://wallstreetonparade.com/2021/04/a-traders-federal-lawsuit-against-jpmorgan-chase-offers-a-window-into-the-crime-culture-at-the-five-felony-count-bank/
Gold 1777 Silver 25.78 Copper 4.27 - I sure wouldn't want to have to explain why PGM's are down LMFAO ! Not in any credible sense anyway.
Found a pretty good source for material, from which I'll post shortly.
Asking the right questions and exposing the right skeletons.
That's gonna be huge. We're sitting ducks. TG we all have metals.
THANKS !
Home from a week in the hospital TG !
Complications from chemo lead to 4 weeks of non stop barfing, two episodes of Emergency room mis-diagnosis, culminating in an ultimate correct diagnosis (at OHSU), and subsequent surgery to correct an intestinal blockage. BP hit 204/128 at one point, which got everybody pretty excited.
A full week at University Hospital has left me flat on my back weak, but at least able to eat again without hurling.
It was a comfort to monitor our group from the hospital as the shit was hitting the fan. Gave me something to hold on to if that makes any sense.
Looks like metals are getting ready to blow. Hope everybody is locked and loaded !
Again, that was the smart move. BTW, are you or anybody else having trouble with kitko charts ?
The banner chart on the intro page and the same one on the DASH page has been stuck for two days. BIG charts work fine, but the banner is F.U.
GL Everybody !
You were one of the SMART ones rmepilot. I guess I just couldn't make myself believe it could get this fuc_ed up.
Boy was I wrong big time.
Apologies in advance to any negros self-identifying as victims by my use of the word "boy."
I realize that could be construed as niggardly of me - but only by those too ignorant to know what it really means
The "Spin-ee" FTCO Fortitude is an unqualified success. The "spinner" on the other hand is as flaccid as an ice cold 80 YO dick.
I've heard excuses about everything from needing more exploration results (which is bullshit in any immediate sense, because it's production that is the primary driver of quarterly pricing. Responsible guidance can deal with "exploration woes" IF and when the time comes.
Then there's the Zinc circuit. Remember when the zinc circuit was the reason for the limp performance when zinc as well as gold silver, copper and lead were all hitting historic high prices?
I was told I had options. If I'm unhappy, I can always sell my GORO.
That, or I can vote to change management, which routinely gets approved by numbers far exceeding individual shareholder proportions.
I have another more likely scenario. GORO is gonna get sold.
I've seen this before. The share price is artificially suppressed for a period of 6 months or a year (depending on the terms of the deal).
They then make this big meat beating announcement about a 30 or 40% "premium" (oooow) to the average share price of the last 12 months, again depending on the terms of the deal.
Usually that "PREMIUM" is way less than it would gave been if they'd just left it to hell alone.
I have the feeling we are getting played for suckers
Portland is so effed up anymore I want to move. Lots of people already have.
the stupid idiots in this town could single handedly bring back the n-word.
Bunch of stupid n-worders.
What does that have to do with these clowns ?
They couldn't pull off a pissing contest at a brewery let alone run a mine.
A New Piece of the Puzzle
April 13, 2021
Ted Butler
Suddenly, out of nowhere BankAmerica has emerged as a major participant in precious metals OTC derivatives. This new fact is contained in the latest release of the Treasury Department’s Office of the Comptroller of the Currency (OCC) Quarterly Derivatives Report for U.S. banks. The report covers derivatives contracts in the over the counter (OTC) market as opposed to exchange-traded options and COMEX gold and silver futures. The OCC quarterly report is delayed by 3 months, so the new report released on March 23, covers positions held as of Dec 31, 2020. (Scroll down to Table 9 near the bottom of each report).
https://www.occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/index-quarterly-report-on-bank-trading-and-derivatives-activities.html
One constant in these quarterly reports is that JPMorgan has dominated OTC dealings in every category for as long as I can remember, including precious metals. However, the new report indicates that BankAmerica has now emerged as a major participant in precious metals OTC derivatives. BankAmerica’s position of $8.3 billion (as of Dec 31), has, essentially, come into existence since March 31, 2020, when it was under $175 million. What would account for the tremendous growth in BankAmerica’s OTC derivatives positions from March 31, 2020 to December 31, 2020?
One highly unusual development in 2020, was the unprecedented increase in physical holdings in the silver ETFs. Close to 300 million ounces came into the silver ETFs, starting around April 1 into the summer. In trying to explain where the physical silver was coming from at that time, I suggested that it was coming from JPMorgan in the form of a physical silver lease to other banks. The time line indicated in the OCC reports does point to my leasing premise. At the prices at yearend ($26.50), $8.3 billion worth of precious metals derivatives would come to just over 300 million ounces.
As to why BankAmerica would engage in such an apparently foolhardy venture of borrowing 300 million oz of physical silver with the promise of having to return it someday, you have to first understand the nuttiness of precious metals leasing. Someone with the physical silver (JPMorgan in this case) relinquishes the metal to an institution (BankAmerica). Aside from the promise of the physical return of the metal, JPMorgan also gets rental income. BankAmerica, not wishing to simply hold the metal because there’s no real purpose in doing so, turns around and sells the metal to a completely independent third party, in this case the silver ETFs, who’s investors pay cash money for the free and clear title to the metal. BankAmerica gets the full use of the cash ($8.3 billion) to do with as it pleases.
If silver goes down in price or stays the same, no big deal for BankAmerica, provided it can buy the physical silver back on the open market whenever it decides to. However, if silver prices rise sharply and it’s not so easy to buy back 300 million physical ounces, then BankAmerica has a problem. Twenty years ago, Barrick Gold and AngloGold had the same problem with gold leases and lost $10 billion each. If BankAmerica did borrow and sell the metal to the silver ETFs, as appears to be the case, it is now short 300 million ounces of physical silver, which is a heck of lot worse than being short 60,000 contracts of COMEX futures. It has to be that JPMorgan bamboozled BankAmerica in this transaction.
BankAmerica didn’t suddenly wake up one day and decide to borrow and sell (short) 300 million ounces of physical silver. It’s much more likely that JPMorgan dreamed up the whole affair, since it and its related entities will profit mightily as a result. The net result of all this lending, borrowing, selling and buying of 300 million ounces, is that the friends and family of JPM now own at least 1.2 billion ounces or 60% of the world’s 2 billion ounces of total world silver inventories. BankAmerica is now obligated to return 300 million ounces of physical silver to JPM someday. BofA is already in the hole for $2 billion since it borrowed the 300 million ounces at an average price of $18 or less and is already $7 underwater. At some point BofA will wake up (if it has not already awakened) and try to buy back its excessive and decidedly unprofitable silver short position. That attempt by BankAmerica will prove to be exceedingly bullish for the price of silver.
While I’ve confined my remarks today to the 300 million ounces that BofA borrowed and sold short last year, there is another 100 million ounces borrowed and sold short since the start of this year and all told, I would estimate that at least 400 to 500 million ounces of silver have been borrowed and sold short in total. This amount of shorted silver is completely distinct and separate from the formidable concentrated short position in COMEX silver futures. It is the combination of these two separate short positions, currently totaling as much as 850 million ounces that explains the otherwise inexplicable insanely low price of silver. Furthermore, that much silver could never have been bought in the open market without launching the price to the heavens.
www.butlerresearch.com
https://silverseek.com/article/new-piece-puzzle
You never get tired of posting and reposting that boilerplate bullshit do you?