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The IKN Weekly, out now

Yo, Ward!

IKN440 has just been sent to subscribers. Late but worth it, we burned the midnight candle this week to incorporate the news out of Argentina tonight and make an active call on it, too. That and silver things as well. All good fun.


The 2017 Puskas Award

The FIFA competition for the best goal of the year is on, with the award presented tomorrow Monday evening. The three goals up for the title are on this link and IKN calls the Giroud goal as the best.

The top three most visited IKN posts this week are... reverse order:

Third Place: "Be afraid, Frank Giustra. Be very afraid". Think Clinton Cash was last year's story? You ain't seen nothing yet. It might take a few weeks, but it's going to happen.

Second Place: "Michael Ballanger has been a naughty boy". The post that got Michael Ballanger all hot under the collar and chemically riled up, to the point of sending crazy missives full of bullshit lies to the world. Poor old Mikey, lets hope his IIROC hearing goes well, he must be feeling stressed about it all.
First Place: "Marc Faber can go fuck himself". And the most visited by a mile, too. There's also a short message on this subject in IKN440 for subscribers, out tonight. Moving on, this week came with a sudden rash of swearing on the blog what with this title line and Ballanger's wonderstuff. Though not prohibited, it won't become a habit again.


Message for subscribers of The IKN Weekly

Hi people,

Tomorrow Sunday's edition of The IKN Weekly, IKN440, is likely to arrive a few hours later than normal, i.e. it's going to be late evening Americas time. The Argentine mid-term election should give us preliminary results by that time and I'm going to delay on publishing until then, what with the election's importance (not only for the country but the whole Southern Cone region).

Anyway, better late than never.

What Harvey Weinstein tells us about the liberal world, by Thomas Frank

This op-ed, "What Harvey Weinstein tells us about the liberal world", by Thomas Frank is (so far at least) the best piece I've read about the whole sordid affair. Liberals and progressive have lined up to say how shocked they've been since the Weinstein scandal began to unfold. Ah yeah, the rotten apple theory is so easy to digest isn't it? Frank shines much-needed light on the abject hypocrisy at the centre of modern liberalism.


So I get this mail from Michael Ballanger...

...this Friday evening. It's entitled "Gloves are fucking off, dickhead/" (why the slash is there at the end is beyond me) in which Ballanger sends me what he threatens to publish in some place or another tonight. So let's just put it here and save him the bother.

Needless to say, he has many facts wrong. He does have my real name correct, but things like original place of residence, charges of sexual abuse of minors (real or alleged), that i'm on the payroll of Bay St, that i get paid in options and cash to pump things etc etc etc are all false. And to be clear, the mail exchange he published did happen but it was only part of a much longer story and longer correspondence, Ballanger's selective copypaste button is pretty wonderful.

Anyway, read what Michael Ballanger gets up to in his spare time while waiting for his IIROC hearing to come up. I particularly like the "friends in Lima" cute.


Gloves are fucking off, dickhead/

Going out tonight…

“Which brings me to the topic of this simploid human residing in hiding in South America – in fact – Peru. His name is Mark Turner and he was forced to flee to Peru to avoid charges (alleged, mind you) of abusing young girls in his native Nottinghamshire, England. He has a popular newsletter with interesting content called the IKNCOLANEWS which, as I understand it, comes from content he receives from the Bay St. analysts (mainly investment bankers) for whom he used to toil. He derives revenue from subscribers that love to read his garbage drivel about “slimeballs” but the reality is that he actually delivers his sub-par content from the bankers and analysts that pay him to pump their deals.

Now, when I was a consultant for Tinka Resources Ltd., I sent Mark a complimentary email that was totally sincere in its intent in that it communicated the Ayawilca “story” that I had been telling since 2011, when we first made the Ayawilca discovery. Here is the exchange:
MJB: Mark - Thank you for the superb report you did on Tinka. It was the best analysis I have read to date on our project.
Mark: Mike – I don’t give a FUCK what you think of my report. And no you cannot send it out to your “list”.

Here is another classic “Otto Rock” lie from the hinterlands of blogosphere bullshit:
“First we have long-time market scamster Marin Katusa pumping Northern Dynasty's Pebble project, preying on the ignorance of naive mining greenhorns with more money than sense, with the whole thrust of this crazy pump being "Trump will award the permits". Now we have another scumball on the bandwagon, Michael Ballanger over at The Gold Report trying to make the case for NadaGold's Donlin gold project, also in Alaska...”

Notwithstanding the fact that Mark made a mistake in being a liar, he was totally in error in suggesting that I was EVER behind NAK (which I wasn’t EVER). Now, when I asked him to retract, he further decided to go off on a tangent and tell the “world” that I was wrong. He is the first to go off on his dogshit “blog” that “whenever this humble scribe is wrong”, he owns up to it.

He doesn’t. He is dishonest. His newsletter is not his content. His newsletter is really investment bankers from Toronto pumping their deals.

More to come next week. Gloves are off. We have friends in Lima that know Mark and they are NOT his friend. The old Tinka gang before GC and Alvaro bowed down to HIS BS. The options and cash will be revealed in the next email.

And this is being CC’d to the friends in Lima. Who know you.

Did I EVER write up NAK?

Answer the question, dickhead. IN FUCKING PRINT.

Your friend,

“Sour grapes, Mikey”


PS: And here's what I replied to Michael Ballanger, a couple of minutes after this post went up:

It's already out. See blog.

Have a great weekend.

On Fri, Oct 20, 2017 at 22:05, Michael Ballanger wrote:

Lots of comments received on the Excellon ( bought deal...

...announced last night 5m units (share+ 1/2 warrant at $2.80 strike) to raise $10m, then upped this morning to 6.25m units to raise $13.25m (and with the overallotment bound to fill, that's really 7.619m units to raise $15.13m). We'll take a good look at the deal this weekend in IKN440 subbers, including your mailed-in views, EXN's opinions and reasons for the deal, y por supuesto mis dos centavitos tambien. Pros, cons and balanced out conclusion.

The Friday OT: George Harrison; All things must pass

Daylight is good at arriving at the right time.

Youtube here.

West High Yield (WHY.v): This is WHY the junior mining sharks will never go away

I've just been pointed to this: Check out the people over at who actually think there's a potentially legitimate story in this total scam. Seriously, it's worth checking it out and considering how many dumb plug stupid people there are who still throw there money at the junior mining world. If they can't see this company, the most obvious scam possible, for what it is and are still hoping for a positive result when it comes out of halt, it's all the proof you need for my title line. The scumbags will never leave because the pickings are just too easy.


Auryn Resources (AUG.v)

It took longer than many thought it would, but the day has finally arrived. Today's the day the market ran out of patience with the jam tomorrow tosh and nonsense out of Auryn Resources (AUG.v). A junior cannot live on cool presentation material and large sponsors alone because all the talk about its wonderful plan has to show in the drill core, too. And don't even get me started about the stuff they picked up in Peru, picked over for over two decades and now packaged as the next Chucapaca or something. Cardozo really saw you coming, guys.

When (not if) AUG.v breaks $2 to the downside, the wholesale margin calls that Haywood will deliver are going to push this over-hyped vehicle even lower.

Be afraid, Frank Giustra. Be very afraid

Trump just said that "The real Russia story is uranium" at the end of his live presser.

A whole lot of suck

McEwen Mining's Q3 sucks
Asanko's Q3 sucks
Auryn's latest drill numbers suck
Alpha says MX Gold sucks.
Even Angry Geologist saying the latest numbers from Solgold kinda suck.