Showing posts with label TSX Venture Exchange. Show all posts
Showing posts with label TSX Venture Exchange. Show all posts

Thursday, 8 May 2014

Market Manipulations, NI 43-101 And How The Honest Person Can Survive In Junior Mining.

  

  Update Ma 23rd, 2014.
 
  What else will we find out in the years to come? Naked Shorting will be in the spotlight one day as well.

"Barclays Fined £26m Over Gold Fixing Attempts
The latest scandal to tarnish the bank is over the attempted fixing of prices for the precious metal. Sky News"


  I have an hour break after my CCs with China and Australia this morning and have some time to share couple of very important things today with you. 
  First of all, the rumours of collapse in China are greatly exaggerated in the West, to the benefit of ... China. China buys record amount of Gold as well as Copper projects all over the world like Las Bambas and looking at others using the "soft market environment". Chinese companies are growing into industry leaders like Ganfeng Lithium and securing the supply of strategic commodities for the Electric Revolution all over the Globe.
  Secondly, trying to find the answer to the question in the headline - it is almost impossible. I am personally making this risky experiment with my money to prove that it could be done. I have it done before in the company of the very strong industry titans like Lukas Lundin. One of my best operations so far was Tenke Mining, which was sold to Lundin Mining. I had a lot of others as well in Gold, Silver, Uranium, Zinc and Copper and we will discuss them later - what can be used to bring the success to our next stories. You have already guessed it right - it is TNR Gold and International Lithium. My money is where my mouth is.
  Manipulation is rampant in all markets: HFT Flash Boys, LIBOR, FOREX, Pensions, Energy ... Gold. Some of the former conspiracy theories are going in the court rooms now, others are still waiting for their time. But nothing could be compared with naked shorting and manipulations in the illiquid junior mining stocks. Dirty tactics are used all over the market like the banging the juniors into the close, suppressing the prices during the accumulation. You can get the idea from the reports made by Jim Puplava  on Financial Sense and the summary: Naked Short Selling: The Problem.
  Not a lot of people are talking about it - not a lot of us have the voice. And that is the real problem. Just have a look at the OTC market full with companies  with the  word Lithium in the name. Every major industry development like Tesla Gigafactory is greeted with Pump and Dump, just check the charts. This is why I would like to start this conversation: to show that we are the real people doing the hard work here in our companies.
  Our junior mining companies are regulated by TSX Exchange and BCSC and I do understand why they are so strict in order to prevent another Bre-X and will explain to my readers what I have to do in order not to get in any trouble. Social media is the new and maybe the only way for us to tell our story and save our capital for the real development of the projects, to invest in the ground. 



  My position is open everybody knows who I am, I have invested my own money in TNR Gold and International Lithium and is the largest person as individual shareholder in both companies in the great company of my partners. I am going to sleep and waking up with the question how to make these two businesses great? I am here to make the money for my shareholders, including myself and change the world ... just a little bit.  
  Back to the rules. I can not give you any Non-Public Insider Material Information or tipping. I will never do so. You can not Trade using this kind of information and you will never do so, because you will never get it here. I instead will provide you with my personal thoughts, this blog is my personal effort to communicate with you. I will explain our Public information which was properly released before and give you my personal view on it. I will bring you the industry context and my personal radical views of the world and my reasons why I have invested my money into these People of my Teams and Companies. You will decide whether you would like to be part of this conversation or one of our enterprises.



  Now you can understand why we can't talk about a lot of technical details in such a great project like Los Azules Copper. McEwen Mining is the Operator of this project and we have our Back-In right, but our technical 43-101 qualified person was not able to check all the relevant information first hand. We rely on all information provided by McEwen Mining within 43-101 Rules. These are the tricks we have to be in compliance with. And there is no problem with it. Rob McEwen has done a great job developing the project into what he calls "One Of The Largest Copper Deposits In The World" and today you can participate in McEwen Mining Conference Call and find a lot of information on McEwen Mining website.
  I have already discussed Los Azules Copper Back-In Right here and I would recommend to contact Jim Mustard VP at PI Financial to get more information about Los Azules Copper project and our Back-In Right Asset.



  Here we come to the very important take away from today's conversation. How to survive and beat the odds to become the success? Manipulation can not go forever the true value will always be realised one day after some hard work. You have to find The Great People. Only invest into the best people you can find. I have found my Team and will introduce them to you here, starting with my partner Gary Schellenerg - the founder of TNR Gold and my co-founder of International Lithium. Together we found our other great Team members and partners: Rob McEwen is the legend in the Gold market and we are proud to be part of Los Azules Copper Project development with him. Ganfeng Lithium is the top world-wide Lithium Materials producer and now we working together to build the Vertically Integrated Lithium Business. Now we are looking for the best strategic partner to advance our Shotgun Gold project in Alaska.
  Why have I decided to start our conversation now? We are ready. We have the Team, the Assets and the Markets for them. They just do not know about each other yet. Come and join us if you like what you see, give us a call to talk about our business and opportunities. One small advice: if you have never talked to the people who supposed to make you money you better buy the lottery ticket, rather than shares anywhere. 
  And the last thing to make it clear: I will never ask you to buy shares in any of our companies, just enjoy the journey!


  

  

International Lithium: The TSX Venture Exchange Has Accepted For Filing A Loan Conversion And Investment Agreement With GFL International

  

  It is technical, but the very important step: The TSX Venture Exchange has accepted our major deals with Ganfeng Lithium we have discussed about yesterday. Exchange provides additional shareholder's protection in Canada by reviewing and accepting all material deals with the assets of the publicly traded companies. Now we have the green light to put all our agreements technically in place.
  As I have informed you in our newsletter we are now at the stage of budget approval for the Blackstairs Ireland J/V operations for this year and J/V and budget agreement approvals for the Mariana project. 
  Within this year program for Mariana we would like to concentrate on the investigation of Potash potential production from Mariana brine as well. The agricultural market is booming now in Latin America and Brazil is importing a very large amount of fertilisers. In our particular case, we have the strategy to investigate the economical potential for production of complex fertilisers and SOP, which are in high demand for wineries and other sensitive agricultural products produced in Argentina. Initial chemical analysis of Mariana brine demonstrates "The highest grades of potash reported in an Argentine Salar". This side of our project will bring additional economic potential for our business after further exploration development and confirmation at PEA stage.
  You can find more information about these projects on our website Projects page and in ILC presentation.



StockWatch:

International Lithium, GFL International loan agreement

2014-05-07 19:22 ET - Property Agreement
The TSX Venture Exchange has accepted for filing a loan conversion and investment agreement dated March 14, 2014, between International Lithium Corp. and GFL International Co. Ltd.
The purpose of the amending agreement was to amend certain terms of the Mariana loan agreement (May 3, 2013, as amended July 18, 2013) and the loan agreement (Nov. 21, 2012, as amended July 18, 2013) between the company and GFL. The effect of the provisions of the amending agreement is that GFL may earn up to an 80-per-cent interest in the company's right in the Mariana property, Argentina, and the parties will operate on an 80:20 joint venture basis.
The amending agreement provides for the following terms:


  • The first loan advance under the Mariana loan agreement automatically converts into a 26-per-cent interest in the property.
  • The second loan advance under the Mariana loan agreement, once made on May 1, 2014, will automatically convert into a 25-per-cent interest in the property.
  • The company will grant GFL an additional 10-per-cent interest in the company's rights to the property by GFL's payment of $450,000 (U.S.) to the company within 15 days of GFL's receipt of shareholder approval of the amending agreement.
  • The non-convertible $1-million portion of the loan agreement may (instead of repayment by the company) be converted by GFL into a 19-per-cent interest in the company's rights in the property.
  • The due date of the convertible $1-million portion of the loan agreement is extended to Dec. 19, 2015.
  • The company retains a back-in right to buy back a 10-per-cent participating interest in the property. GFL agrees to provide an exploration loan to the company for up to $2-million to cover the company's required contribution to the joint venture.

The transaction is non-arm's length.
Further details may be found in the company's news releases dated March 19, 2014, and April 4, 2014."



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Wednesday, 7 May 2014

International Lithium: Moving Forward With Ganfeng Lithium.

  

  International Lithium has made major deals with Ganfeng Lithium just a few weeks ago and now we are moving forward developing our main projects. You can find details in my first post on this blog and in presentations. Good start will be to read our Newsletter as well.
  These projects' structures allow ILC to move forward developing Blackstairs and Mariana projects without diluting our shareholders at the very depressed price levels today.  We are losing part of the project in the J/V format in exchange for the capital investment, but this is the main proper way to finance Junior Mining operations. You are getting the smaller piece of the project, which has received extensive due diligence from much stronger partner and capital for its development. In case of ILC the technology involved from Ganfeng Lithium is even more crucial than the capital.

International Lithium President Kirill Klip with Ganfeng Lithium Chairman Mr Li Liangbin.

  Ganfeng Lithium now produces Lithium Materials from Brine and Spodumene. Both are coming long way to production facilities in China: from Chile and Australia. In case of ILC we will be able to determine with Ganfeng Lithium from the beginning of development the particular chemistry and optimise the extraction processes saving a lot of capital. Ireland is the door into Europe for Ganfeng Lithium with increasing export of Lithium Materials in this market. UK has just announced £500 million boost for Electric Cars here! Argentina is very well positioned now to become the very prominent Lithium and Potassium producer. China is very active there and has signed military cooperation and trade agreements. BYD with Warren Buffet as a shareholder is making plans to build Lithium Batteries and Electric Bus production facilities in Argentina.
  Ganfeng Lithium now operates its expanded production facilities which were put online last year. Company stock is halted due to "major asset acquisition announcement". ILC projects could become the part of Vertically Integrated Lithium Business supplying the raw materials to Ganfeng Lithium. Headlines about horrible air pollution in China are making rounds last couple of years and now Chinese government has declared The War on Pollution. I am proud to be the part of this fight for clean air with our International Lithium Team and this move provides the unique business opportunity for us. All major auto makers have announced J/V operations to produce Electric Cars in China and even Elon Musk from Tesla Motors is talking about Tesla Model S production in China in 3-4 years time.
  I better get back to work on our projects in order to be ready to capitalise on all these opportunities and you can study our company presentation.
  



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