Thursday, September 29, 2022

China's state banks prepare for intervention

China's central bank has asked major state-owned banks to be prepared to sell dollars in offshore markets as it steps up efforts to stem the yuan's slide. The simultaneous selling of dollars and buying of yuan could put a floor under the Chinese currency, which has lost more than 11% to the USD so far this year.

Monday, September 26, 2022

Russian markets sewer

Russian stocks fell sharply to reach their lowest point since Feb. 24, the day the first Russian troops entered Ukraine. The MOEX Russia Index was down 6.9% by early afternoon in Europe, having fallen as much as 7.4% earlier in the session. Markets in Moscow have been in decline since President Vladimir Putin announced a military mobilization last week.

Saturday, September 17, 2022

Trump's DWAC stiffs proxy solicitors - Truth Social threatens to sue SEC - Update

Investors are walking away from Digital World Acquisition. (DWAC.q) Backers are pulling a total of $139m they had planned to put into the deal. Digital World had announced funding commitments of $1 billion. The investors who signed up for the deal were able to back out if it was not completed by September 20. SPAC's merger target Truth Social threatened to sue the SEC, alleging political bias delayed its proposed merger with Digital World. The deal has been under grand jury investigation since June.
Executives behind Digital World Acquisition Corporation, a blank cheque company that plans to take Donald Trump’s media business public, have failed to pay their proxy solicitors. Saratoga Proxy Consulting is owed 6 figues for its work helping to rally shareholders. DWAC is claiming poverty. This comes after it was revealed the 'Truth Social' site owes it's internet provider $1.6m.

Friday, September 16, 2022

Joshua David Nicholas guilty of fleecing dum dums - EmpiresX

The DoJ announced that Joshua David Nicholas, 28, pleaded guilty for his role in a global cryptocurrency fraud that stole $100m from investors. Nicholas admitted that he and others lied about EmpiresX, a purported cryptocurrency platform, to investors, including promising guaranteed returns and claiming that EmpiresX operated a trading bot that used artificial and human intelligence.
The SEC also charged Nicholas along with Empiresx founders Emerson Pires and Flavio Goncalves, both of Brazil.
EmpiresX was a classic Ponzi scheme that paid earlier investors with money obtained from later investors. Virtually nothing flowed to any trading accounts, most of the loot went to luxury purchases by the crooks. 'Head Trader' Nicholas is looking at 5 years.

Tuesday, September 13, 2022

US inflation up again - rates on the rise 10 yr = 3.44%

3.441%quote price arrow up+0.079

Core US CPI, which strips out volatile food and energy components, advanced 0.6 per cent from July and 6.3 per cent from a year ago. All measures came in above forecasts. Shelter, food and medical care were among the largest contributors to price growth. US policy makers voiced support for another 75 basis-point rate next week.

Tuesday, September 6, 2022

The RIO2 enigma - Conspiracy Theory 101 - update IV

And, sure nuff, Blackie issues a NR a day after Mark Turner expells ass flatulence. Here. Whats the deal finally? Precisely the same thing spewed here 60 days ago and it surely ain't good. Another 2 years of nada thing being approved. Nada thing was spewed about the huge pending Wheaton liability whilst Blackie was bragging about how much cash he has to piss away. Blackie brags about laying off locals, but how many of the 40 odd managers are taking a hike? Co's problems are obvious and this paper, as it sits, ain't worth holding at all.
We have confirmed aretard Mark Turner whispering sweet fukkin nothings about RIO2 again and folks may stick a fork into that. Anonymous was ALL OVER the bulls and why not? We have Eric Sprott and Wheaton sitting on true chitloads of worthless paper. This is a chronic problem resulting from a fast one, likely splaining why anybody with a brain would NOT be impressed with this garbage until that horrid balance sheet is addressed. Alex Black has done NOTHING to reduce cash burn in the 60 days since being denied a permit. Piss Mine is capped $65m (USD) and what do holders 'have' for that?
After minimal digging, 43-101 costs are indeed from 2014. As one example diesel was priced at $.70. That is apparently $1 today. The all in cost is/was $11.40. A body could likely up that to $12 for ease of number crunching. By some amazing coincidence the resource number grade of .38 g/t gives us a breakeven at all-in costs of $12 per ton ($54 cost versus Au at $55). Our 43-101 provided resource number is the break-even, forget the ridiculous cut-off grade of .24 g/t. The cut off grade is de facto .38 g/t. This truth very likely explains why Alex Black holds out a hand picked sample as representative at .46 g/t. If he doesn't Fenix does not fly because it is clearly uneconomic. Alex Black is playing stakeholders as complete fools.
Running the bare essentials past a respected mind brought a one sentence answer. My response to that included a reference to Mr. Alex Black's dirty balls. The rubbish makes great sense if Black and Wheaton were in cahoots, planning the looting of what Au can be extracted at any cost.
"I ran the numbers and it surely ain't good. .38 gms/ton @ 60% recovery would be 4.5 tons needing to be processed to obtain 1 gm of Au, worth around $55." I pulled grade of .38 from the 43-101, which one ought to rely on for resource numbers. 4.5 tons at the also supplied all-in cost of $11 gives us $49.50. The expected return on the resource is $1 per ton, at most. WHO would then throw away multi-millions on a clearly non-representative sample of .46 g/ton? It is ridiculous to hold out the test pit whilst ignoring the 43-101, but that is what these clowns did.
Next numbers should be along soon. Co has $15m in new machinery. One begins to wonder what one does PRECISELY with industrial equipment that has no legal reason nor permit to be on site at all. One assumes it must be mothballed. Does one eat an impairment on that? Likely not from this CFO. It is being suggested a new EIA is another 2 year proposition. That is an additional $26m at this Co's cash burn rates.

Wednesday, August 10, 2022

RIO2 financials lack much

$3.4m (USD) was pissed away in 3 months and cash burn is on a continuous rise. Fenix is now capped past $64m (USD) and there isn't even a permit in place for God's sake. This enterprise HAS NOT disclosed in the latest financials either the Wheaton penalty terms nor stated the very certain fact that the penalty will come into existence in less than a year. That will cost something around $700k in bottom line bucks per month. 2 years in duration and that liability is a whooping $35m. We are onto month 11 remaining before that penalty is imposed and that makes it a current liability. Onerous penalty terms were not disclosed in the financials, nor their notes. The red flags are at full mast and in growing number for this co.
SOMEBODY knew enough to short right before the news hit. Very brave or something else? Not material in the big scheme of things one supposes. Pfffft.
$RIO.V RIO2 LIMITED 132,568 -237,316 30 Jul 2022
$RIO.V RIO2 LIMITED 369,884 242,529 14 Jul 2022
House Bought $Val Ave Sold $Val Ave Net $Net
1 Anonymous 3,736,317 571,324 0.153 5,684,434 882,338 0.155 -1,948,117 311,014
9 BMO Nesbitt 671,700 107,344 0.16 1,208,300 189,875 0.157 -536,600 82,531
143 Pershing 0 240,000 33,700 0.14 -240,000 33,700
Anonymous has been responsible for 3.2m net sales in the past month. That is almost exactly half of sales volume for the period. RBC and CIBC are top net buyers.

Thursday, August 4, 2022

Wheaton / RIO2 gold stream - grim reading

"If completion of the Fenix Gold Project is not achieved within 24 months of the advance of the First Deposit, Wheaton International will be entitled to 435 ounces of gold per month until completion is achieved ("Delay Ounces"), for which Wheaton International will pay the Production Payment. (11% of spot PoG)

The Corporation may defer delivery of Delay Ounces until the earlier of (i) completion of the Fenix Gold Project; (ii) 48 months following the advance of the First Deposit; (iii) the occurrence of an insolvency event or event of default under any credit facility or project financing; and (iv) termination of the stream. "
Lets pretend, slightly, there won't be fuk all in 24 months. (Dough was advanced 12 months ago). Co will thereafter be obligated to GIVE AWAY 435 ozs per month for God knows how long. (at huge cost) Lets pretend there won't be fuk all in 48 months. (New EIA is 24 months) Two alternatives, a credit default and/or insolvency event. Either way stakeholders 'get' not a thing. Wheaton is secured, and gives a fuk about production cost not at all. There's the root of this conspiracy theory.

Crude below $90

Oil prices settled 4% lower yesterday to levels seen just before the Russian invasion of Ukraine. The U.S. Energy Information Administration reported a large build of 4.5m barrels for the week to July 29.

Tuesday, August 2, 2022

Visa promoted child porn

Visa facilitated child pornography being distributed by providing payment services to Pornhub and other sites operated by parent company MindGeek, a judge has ruled. The judge found that 'Visa knew that MindGeek's websites were teeming with monetized child porn.' Billionaire Bill Ackman slammed Visa for failing to ban payments to the site. over child sexual abuse material on Pornhub, other sites. Visa could be liable for material on ALL scum sites it provides services for.

See ----->

Thursday, July 28, 2022

U.S. GDP drops 0.9% in Q2 = Recession

The U.S. economy contracted for the second consecutive quarter. U.S. Gross Domestic Product fell 0.9% in the second quarter, missing market estimates for a 0.4% increase. U.S. GDP contracted 1.6% in the first quarter. A recession is traditionally defined when the economy contracts for two consecutive quarters. Inflation is having a significant impact on economic growth and is being blamed on the miss. Rising interest rates are choking investment spending. Home investments dropped 14% in the second quarter in the US.

Wednesday, July 20, 2022

RIO2 May presentation goes MIA - update III

1) "the Holder could not deliver well-founded information that adequately rules out the presence of Chinchilla chinchilla categorized as Critically Endangered (CR) in the project area, so it is not possible to infer that the project will not generate impacts, significant or not, on the populations of the species."

2) "the Licensee, by not carrying out satellite monitoring or using a more exhaustive methodology, such as the one proposed in Question 3.2 of the Second ICSARA of the camelid species Lama guanicoe (guanaco) and Vicugna vicugna (vicua), could not provide information that accounts for the actual use of these species in areas that will be impacted ... "

This crew refused to expand the 'zone of influence' and failed to use satellite monitoring. A population study of Chinchilla is required, and there are 42 places to look. Co is also needing a weather station, among other things.
First 100 pages are Here.
Pages 101 to 200 are Here.
Pages 201 to 316 are Here

Specifically ---->

According to dipchit Mark Turner the Chilean government has released it's official reasons for rejecting the EIA. I see no news from this co. If true, some have that disclosure and others don't, which might explain the choppy RIO2 market. "The RCA has just been released; 319 pages of wholesome environmental fun, out today and my idea of nighttime reading."

Why does Mark Turner apparently have access to this critical material whilst stakeholders don't?

Click to open, for now.
This ridiculous iffin chitshow attempted to remove its locked May 2022 presentation from public view. Whilst the link was removed, the material was not deleted and can still be accessed through the link. How iffin stupid, etc.

Naturally we downloaded the copious lies and misrepresentations and will post this document in perpetuity.