What Adrian Day Thinks of Ian Telfer’s Bonus Payment Scheme

By Otto Rock

Excerpted from the latest edition of “Adrian Day’s Global Analyst”, dated March 9th (edition 720) and following on from the news, as seen on these humble pages a couple of days ago, that Telfer has unilaterally tripled his change of control payment in light of the Newmont takeover:

“To triple Telfer’s payment right before the acquisition is one slap in the face too many, an insult to shareholders. We intend to vote against the merger with Newmont if this payment is not rescinded. We have no voice in these payments, so this is our only way to make our position clear.”

Well said, Adrian Day. We only hope that more Goldcorpse shareholders will join his cause and make it clear to these self-serving toerags that unless this graft is withdrawn, they don’t get the votes.

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The John Tumazos Mining Conference in New Jersey is an Unmitigated Disaster

By Otto Rock

[biiwii comment: and dat ain’t bearish, but it is funny]

Following on from the photo of Rick Rule presenting to a 3/4 empty hall in London yesterday, here are two shots of the scene at the Tumazos mining gig in New Jersey, June 27 and 28:

Here’s the SRO show put on by Royal Gold (RGLD):

McEwen Mining (MUX), with Rob McEwen him very self:

Continue reading The John Tumazos Mining Conference in New Jersey is an Unmitigated Disaster

Pershing Gold (PGLC) (PGLC.to) Gives Us the Best NR of the Day

By Otto Rock

So far at least, the day is still young.

Check it out here and you only need to consider the title line…

“Pershing Gold Begins Preliminary Construction Activities at Relief Canyon”

…to start the guffaws and yoks. Seriously folks, what the blinking flip is a “preliminary construction activity”? Carrying some sacks of concrete over to a site? Putting the kettle on to make some tea before getting down to business? Putting on overalls? Ah wait, it’s this:

“On February 13, 2018, Ames Construction began initial land clearing in preparation for potential construction at Relief Canyon, including future heap leach pads, haul roads and waste rock storage facilities.”

We then get a photo of this preliminary construction activity and it turns out to be…

Continue reading Pershing Gold (PGLC) (PGLC.to) Gives Us the Best NR of the Day