tag:blogger.com,1999:blog-6272793377504221569.post7734749244889855011..comments2024-02-05T00:42:53.074-08:00Comments on Angry Geologist: Silver Viper - forked tongue stuck in your mouth?The Angry Geologisthttp://www.blogger.com/profile/04955645007432969022noreply@blogger.comBlogger77125tag:blogger.com,1999:blog-6272793377504221569.post-68392731852234656222019-03-05T05:47:37.985-08:002019-03-05T05:47:37.985-08:00Entire post really Awesome! Thank you for all the ...Entire post really Awesome! Thank you for all the hard work you put into it. It's really shows. <a href="https://sharemash.com/angry-status-for-whatsapp/" rel="nofollow">Anger Quotes</a><br />anniemaria192https://www.blogger.com/profile/10788554197055547121noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-52447183509502531052018-09-20T17:13:50.439-07:002018-09-20T17:13:50.439-07:00Resignation by cheese at Brucejack eh? What's ...Resignation by cheese at Brucejack eh? What's the motivational timing one is forced to wonder. Observers are expecting a NR tomorrow afternoon (after the close, pffft) from GGI.v. Is that fully dopey $ 350m market cap gonna survive it? Acehttps://www.blogger.com/profile/17786196655918237161noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-43417204797625947562018-09-19T06:08:14.591-07:002018-09-19T06:08:14.591-07:00Arizona Mining people run Titan and own almost 1/2...Arizona Mining people run Titan and own almost 1/2 the company.<br />Wonder what their end game is with TI?? TDW has a $2.50 target and have just started coverage. Estimate based on zinc at $1.10 a pound.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-92122943566490878062018-09-19T06:00:57.529-07:002018-09-19T06:00:57.529-07:00There is a news report out on Titan Mining managem...There is a news report out on Titan Mining management changes. Kevin Torpy, GM at Brucejack has resigned and will be going to Titan as VP Ops.Bill Mracekhttps://www.blogger.com/profile/16406350978140431625noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-42005265842279870372018-09-15T18:50:25.051-07:002018-09-15T18:50:25.051-07:00I feel compelled to warn the good folks here about...I feel compelled to warn the good folks here about Cryptocurrency and/or Blockchain. There was a federal court decision last week in the States that opened the door for the SEC to take out the scammers. They aren't wasting any time doing it. Upshot is the gaggle of crooks of VSE and CSE garbage might find themselves wanted K9s the second they cross the border. This MAY also signal the end of the Crypo/Block promos. Just sayin and observe ...<br /><br />https://gangstersoutt.blogspot.com/2018/09/crytocurrency-fraud-artist-josh-garza.htmlAcehttps://www.blogger.com/profile/17786196655918237161noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-67093962248647228092018-09-13T05:44:36.520-07:002018-09-13T05:44:36.520-07:00I should correct one thing I said somewhere along ...I should correct one thing I said somewhere along the way. At the time of the bulk sample in 2013 Serophim Muroff had no charges against him by SEC. That occurred afterward, in 2017.<br /><br />The debt owed in the next 4 quarters is $400 million. A further $300 million is owed beyond that. Details of timing, etc on the remaining debt are contained in the MD&A, which I have read but cannot recall. Bill Mracekhttps://www.blogger.com/profile/16406350978140431625noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-84380231930368600772018-09-12T18:38:36.248-07:002018-09-12T18:38:36.248-07:00For certain total debt is closer to $ 700m needing...For certain total debt is closer to $ 700m needing to be either rolled over (costing tens of millions) or refinanced. That's year end. I think a reconciliation is due after year end. The brilliant decision for a high grade/high output operation is looking fatally flawed and as you say their current plant and most equipment is expensive scrap for a high grade/low volume one. Don't like how the bulk sample was accepted as gospel, for sure don't like the fact an SEC charged mutt dog did it and then folded the company. <br /><br />I can't see these boys buying out the stream. That dough will be MORE precious than gold. Next quarter might be O.K. because boys know they have to highgrade. The one after that will tell the tale. I believe grade will sewer. Time will tell. As she sits the risk in this equity is stupid high IMO.Acehttps://www.blogger.com/profile/17786196655918237161noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-11128343006086131592018-09-12T17:53:40.792-07:002018-09-12T17:53:40.792-07:00It may surprise you to learn that I agree with one...It may surprise you to learn that I agree with one or two points in the Viceroy paper. The main one I agree with is whether Pretium will be able to make their debt payments. I'm going on memory but I think they have almost $400 million current. (Payable within the next 12 months) They have $140 million in cash and will generate at best $40 million in FCF over the next 4 qtrs. That gives them $300 million...not enough to pay their current debt.<br /><br />I also suspect (and said so in May) that the reserves will be downsized because they simply cannot reconcile between actual ounces and their reserve model. This is a theme underlying Viceroy's claims. I question Pretium's plan to expand the mill and increase tonnage. This will not help grade at all and may not increase ounces produced.<br /><br />The rest of their statements, including the one about the owner of the mill that processed the bulk sample...they are all just poo flinging with the hope that some of it sticks somewhere. Was it not known who was processing the sample at the time? Was Quartermain's history not also known? Investors who did a modicum of due diligence would have known all that stuff before they invested, and they still put up their money. <br /><br />Clearly some investors (mainly lenders) thought it was a worthy project. And yes, they (some of them) are first in line to grab the assets if Pretium goes under, but they won't get much of their investment back because most of it went into labour and materials to build the mine. The underground equipment will be scrap. The mills and motors will be about the only things of value...and perhaps the camp if someone in that area needs one. Bill Mracekhttps://www.blogger.com/profile/16406350978140431625noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-57452705395698821722018-09-12T13:12:53.202-07:002018-09-12T13:12:53.202-07:00Slight update for the semi-interested. I see more ...Slight update for the semi-interested. I see more PVG class action lawsuits in the US than a body can shake an incredulous stick at, including 2 new ones. Pfffft. https://www.stockwatch.com/Quote/Detail.aspx?symbol=PVG&region=U Acehttps://www.blogger.com/profile/17786196655918237161noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-37469138913552435052018-09-12T10:01:50.710-07:002018-09-12T10:01:50.710-07:00What is the REASON for a math error a 3rd grader w...What is the REASON for a math error a 3rd grader wouldn't make for the third or fourth time? If it isn't fraud it's incompetence. So which is it?<br /><br />I'll tell YOU the reason. It's straight-up incompetence and it ONLY came to be corrected because the shorters pointed it out. <br /><br />My main difficulty with your spewing is about the processor of the bulk sample. A massive securities crook ran the co that did it and it took a special request to get that information. Said wicked crook MAY have bought PVG paper, nobody knows. Company has been dissolved and no longer exists. So whom does one turn to vis-a-vis that critical bulk sample now? <br /><br />Shorters make good points and among them is how (the fuk) a blue chip secretly deals with securities crooks for critical work in the first place.<br /> Acehttps://www.blogger.com/profile/17786196655918237161noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-54366650476864190332018-09-12T08:45:05.877-07:002018-09-12T08:45:05.877-07:00They gave the reason but apparently you don't ...They gave the reason but apparently you don't want to believe it. Further to that point...where did I swear anything. Hyperbole much? <br /><br />Someday you should consider answering my questions rather than avoiding them....if you are capable.Bill Mracekhttps://www.blogger.com/profile/16406350978140431625noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-70006056758891884902018-09-12T08:39:26.311-07:002018-09-12T08:39:26.311-07:00Supposing into infinity wasn't the question. Y...Supposing into infinity wasn't the question. You swore up and down they gave a reason. I asked you what it is and you still haven't answered because they obviously didn't. Why spew things you never, ever, support with fact? You contradict everything and provide nothing.Acehttps://www.blogger.com/profile/17786196655918237161noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-2134432410547700682018-09-12T05:36:08.269-07:002018-09-12T05:36:08.269-07:00In life, when there are more than one possible ans...In life, when there are more than one possible answers it's the simple one that is most likely, particularly when there is no reason to believe otherwise. Viceroy would have you believe there is something nefarious behind it. What could that be? Ask yourself this question...what motive do they have for over reporting their tonnage? What do they have to gain from it? Bill Mracekhttps://www.blogger.com/profile/16406350978140431625noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-26027256058845948732018-09-12T04:43:44.092-07:002018-09-12T04:43:44.092-07:00Never heard of silver viper, like to discuss junio...Never heard of silver viper, like to discuss junior stocks making headlines. Like RNX, GBR, etc. Anyways sorry for hijacking the AngryGeo's subjects that she likes to discuss.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-45170692610661609882018-09-11T19:56:10.578-07:002018-09-11T19:56:10.578-07:00As one of the 'culprits' I would say in my...As one of the 'culprits' I would say in my own defense that AG has covered these babies to varying degrees. I would also submit that some of the tips/touts that come outta blue here are VERY actionable. Everybody here had the heads up on massive Oz gold (porn) boulders before the rush. Keep em coming I say.Acehttps://www.blogger.com/profile/17786196655918237161noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-18249176671671907812018-09-11T19:49:48.909-07:002018-09-11T19:49:48.909-07:00You haven't given the REASON for the error. Wh...You haven't given the REASON for the error. What is it? Lets put this another way as you seem to be having difficulty. If one can't rely on the very simple that is only corrected when outted, what CAN one rely on from these dopes ... the far more complex?Acehttps://www.blogger.com/profile/17786196655918237161noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-30901573653970135612018-09-11T18:19:11.192-07:002018-09-11T18:19:11.192-07:00Here is something to wrap your brain around. In t...Here is something to wrap your brain around. In their summary of Sept 6 Viceroy said <br /><br />"The overwhelming majority of our research indicates Pretium manipulated the results of its bulk sample program through an overreliance on samples taken from the Cleopatra vein, thereby artificially inflating Pretium's grades and reserve projections for the Brucejack Mine."<br /><br />At the time of the bulk sample a reserve report had already been published (Tetra Tech - June 21/13) and the Cleopatra vein had not yet been discovered, therefore it was not included in the reserve report. (Pretium news release July 23/13) Total VOK zone published reserves were 15.1 Mt @ 13.6 g/t for total contained gold of 6.6 M oz. An updated reserve report was published June 19/14, again by Tetra Tech with VOK reported reserves of 13.6 Mt @ 15.7 g/t for total contained gold of 6.9 M oz. Lower tonnes at higher grade and an increase of only 0.3 M oz.<br /><br />My question to you is how can anyone believe Viceroy's claim when contained ounces only went up by 0.3 M oz??Bill Mracekhttps://www.blogger.com/profile/16406350978140431625noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-9058932378168710072018-09-11T17:42:06.236-07:002018-09-11T17:42:06.236-07:00You guys need to step away from your keyboards and...You guys need to step away from your keyboards and take a deep breath. I think 3 out of the however many comments have anything to do with the silver viper thing.Min'er Guayhttps://www.blogger.com/profile/17053843792359782057noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-52597231669735847852018-09-11T17:28:44.453-07:002018-09-11T17:28:44.453-07:00Sorry to disappoint you grasshopper but the news a...Sorry to disappoint you grasshopper but the news article said they amended the number because the original one contained all excavation since the start of mining instead of just the one for 2017. To be absolutely clear...because you seem unable to understand plain English text....the submitted number was for life of mine, not for the year. It clearly was a simple mistake.<br /><br />People can sue all they wish...that doesn't mean they're going to win anything...particularly because of one meaningless mistaken number. <br />Bill Mracekhttps://www.blogger.com/profile/16406350978140431625noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-52659723083412689982018-09-11T16:21:12.314-07:002018-09-11T16:21:12.314-07:00Do you REALLY have to contradict every word? So wh...Do you REALLY have to contradict every word? So whats the reason for the error then? Stupidity? Incompetence? Fraud? Back up your dorkism k? First US class action lawsuit filed already and there will be more ... or are you denying that possibility based on your vast gurutardism too?Acehttps://www.blogger.com/profile/17786196655918237161noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-37013956994797158772018-09-11T15:06:10.931-07:002018-09-11T15:06:10.931-07:00The news release explains clearly why the amended ...The news release explains clearly why the amended number was submitted.Bill Mracekhttps://www.blogger.com/profile/16406350978140431625noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-40228959814692234342018-09-11T13:15:38.547-07:002018-09-11T13:15:38.547-07:00RNX presentation. PDF format
https://bit.ly/2Qh02...RNX presentation. PDF format<br /><br />https://bit.ly/2Qh0265Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-41453849323390760152018-09-11T08:14:48.836-07:002018-09-11T08:14:48.836-07:00Lets agree to disagree about how this dopeshow con...Lets agree to disagree about how this dopeshow conducts itself shall we? I say another 2 quarters is all it will take for the rubber to truly hit the pavement for PVG. Today we get news from the Co that their filings with the B.C. government have been corrected. (No explanation for the reason behind the error)Acehttps://www.blogger.com/profile/17786196655918237161noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-74390080885164481732018-09-10T19:03:56.136-07:002018-09-10T19:03:56.136-07:00Who says they can't review their own work? Yo...Who says they can't review their own work? You? Viceroy? Do you really think the reserve report was compromised? Then complain to APEG. I know what they will tell you. And by the way...have you ever looked at it? The reserves at that time were stated as 19 million tonnes at 12 grams/tonne, which is about 10.9 gm/ton. Where are you getting 15 gm/ton? The same place Viceroy got 2.78 for the SG of broken rock?<br /><br />Bill Mracekhttps://www.blogger.com/profile/16406350978140431625noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-1684247796277298582018-09-10T15:41:37.109-07:002018-09-10T15:41:37.109-07:00I read the short report and the main one as well. ...I read the short report and the main one as well. Hilarious stuff. Read the part about waste into the lake. They claimed a density of 2.78 tonnes per cubic meter but broken rock runs about 1.6. To borrow a phrase from an idiot on the internet....that report is fukkin chit.<br /><br />My question was the correct one for anyone who knows how to do a reconciliation, which you appear not to know. Do you know anything about mining or are you just playing games with the adults?<br /><br />Back in May I openly wondered if Pretium might have to do a new reserve. I said it because their reconciliation was terrible from what I could discern. I also wondered how they were going to pay their current portion of debt, which might be the catalyst for a new reserve report. Viceroy has covered the same ground, although they seem overly focussed on Pretium's apparent reported tonnage discrepancies (big fukkin deal!) rather than screaming for a public accounting of their reconciliation. <br /><br />The bulk sample is history. Who gives a chit what Strathcona said or who milled the sample. All that was known back then. There's nothing new there. Since then the company managed to acquire the money to build the mine and successfully put it into operation. Apparently a few people with much more mining savvy at their fingertips than you or me or Viceroy looked at all the information and said it was worth the investment. That's all that counts now...except for the quarterly results.Bill Mracekhttps://www.blogger.com/profile/16406350978140431625noreply@blogger.com