Monday, January 9, 2023

9022 Clarkson Ave, Black Creek

Jan 19, 2023
Jan 19, 2023

About December 15th 2022. Units are open with no heat in evidence. Temperatures were as cold as -10C. Construction was halted in early November. Wood frame units ARE drawing moisture.

At last report the GC was Saywell Contracting. Here.
January 6, 2023 - Progress is not in evidence, nor is hoarding. This is 'Building 8'
January 6, 2023. - Progress is minimal. Units are still open and drawing moisture. The touted April completion is impossible, even if proper work was financed and started again now. If stars aligned this project would not reach lock down before June. Without a General Contractor - which pictures suggest, a completion date is speculation.

An update was posted on google by promoters today (Jan 8, 2023)
"January 2023 Construction Update:

Construction continues, progressing from the water side back to the road, with the most complete units being the waterfront ones. Tongue and groove ceiling install is completing as well as millwork install on the two waterfront buildings. The other six buildings are at various stages, working from the water back, with HVAC, insulation, drywall, and siding progressing along nicely. The last building to complete construction is Building #8 at the back and is the smallest of the eight buildings and is currently being framed up and backfilled. Excavation for the garbage enclosure at the back of the property is happening concurrently. Looking forward to sharing more progress updates and seeing the finished product in April/May for rentals commencing this Summer!"
Western Canada Monthly Income Fund 2018 ----->

Friday, December 16, 2022

Panama shutters Cobre Panamá mine

Panama has closed the Cobre Panamá mine operated by Canada’s First Quantum Minerals Ltd. It followed the breakdown of tax talks. Panama said Thursday it will halt commercial operations at the mine. The mine, which is one of the world’s newest, can produce about 300,000 tons a year of copper. It cost at least US$10 billion to build.

Wednesday, December 7, 2022

Peru’s Congress votes to remove President Castillo

Hours before a non-confidence vote in Peru’s Congress to remove President Castillo, he announced plans to “temporarily” dissolve Congress and rule by decree. This political malstorm has been brewing for months. Naturally Peru 'expert' Mark Turner of IncaKola hasn't dared whisper a word. Suddenly, surprise, Castillo is under arrest and charged with sedition after his failed coup attempt. Take a bow Mark Turner.
Thousands took to the streets of Lima to call for the resignation of President Pedro Castillo who is under six investigations for corruption. People marched on Saturday until riot police fired tear gas to stop them.
In his first 12 months in office, Castillo faced more than 50 cabinet changes, five fraud investigations, and two impeachment proceedings. Castillo calls those who oppose him “reactionaries” and “the enemies of people”. He took office in July 2021 and is serving a five-year term until 2026. He has denied all.

Wednesday, November 9, 2022

BMO books $1.12b charge

Thomas Petters, 64, was found guilty in 2009 of orchestrating a $3.65 billion Ponzi scheme. He bilked investors across 26 countries. Petters is currently serving a 50 year prison sentence at Leavenworth. His bank account balance averages around $100 a month. He lives with a roommate in Cellblock C-1. Receivers fought to recover over $722m. One of the last cases was against the Bank of Montreal.
The lawsuit sought to recoup nearly $2b based on cash Petters transferred from an account at Marshall & Ilsley Bank, which BMO bought in 2011. The jury ruled the BMO unit "aided and abetted" Petters in the breach of fiduciary duty to his firm, Petters Company Inc. (PCI)

Petters Group Worldwide, owned brands like Polaroid and Fingerhut, as well as a controlling share of Sun Country Airlines. Those legitimate businesses were propped up entirely by a massive Ponzi scheme. “He has no empathy or care for how his decisions impact other individuals. Tom Petters is about as narcissistic as they come.” said one U.S. Attorney.

See ---->Here

Wednesday, October 19, 2022

Glencore delivers Russian-origin aluminium into LME

Glencore has delivered significant amounts of Russian-origin aluminium to LME registered warehouses in Gwangyang, South Korea, two sources with direct knowledge of the matter said. The aluminium delivered to Gwangyang was produced by Rusal (RUAL.MM), the world's largest aluminium producer outside China. It accounts for 6% of global supplies estimated at about 70 million tonnes this year. Rusal is facing difficulties as 2022 contracts expire and buyers shun it's product.

Monday, October 17, 2022

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

The co-founder of Digital World Acquisition. (DWAC.q) has turned whistleblower. Will Wilkerson, a former Trump Media and Technology Group executive, told the US financial watchdog that the company’s bid to raise more than $1bn relied on “fraudulent misrepresentations … in violation of federal securities laws.” Among other things he alleges Trump pressured executives to hand over lucrative shares to his wife.

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, October 14, 2022

US inflation up again - rates on the rise 10 yr = 4.022%

4.022%quote price arrow up+ 0.074

It was yet another negative inflation report and rates can only go one way.

Sunday, October 2, 2022

Crypto scammer Troy Richard James Hogg nailed

The Ontario Securities Commission says it has filed allegations against Troy Richard James Hogg related to a crypto token offering that raised US$51 million. The statement of allegations says that between May 2017 and June 2019, Hogg, an Ontario resident, promoted and sold a crypto asset named Dignity token, previously called Unity Ingot, to investors around the world. The regulator alleges that Hogg and his companies - Cryptobontix Inc., Arbitrade Exchange Inc. and Arbitrade Ltd. defrauded investors.
The OSC was assisted by the SEC which ran a parallel investigation and has levelled charges against Hogg and others.

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.

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 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.