Friday, October 30, 2020

The latest thing - Bitfarms Ltd. - BITF - Update II

For the record this fukkin chit was $4.80 or somesuch when this spewing appeared. Latest reads "The TSX Venture Exchange has accepted for filing the company's proposal to issue up to one million non-transferable bonus warrants in consideration of a non-binding letter of intent dated Aug. 19, 2020"
In the 'just can't stand it' department we have Bitfarms Ltd. Wes Fulford, Chief Executive Officer, spews the rubbish, and REALLY. Pfffft.

Latest is about "Pierre-Luc Quimper has elected to resign as an Officer and Director of Bitfarms and its subsidiaries, effective today. The Company does not expect this to have an impact on daily operations and Mathieu Vachon, a Founder of Bitfarms and current Director of Software Engineering will continue his oversight of the Company’s operations."

In the 'just can't get enough department' we have an entity delisted from the Tel Aviv Stock Exchange now proudly wearing Venture colors BITF.v. The listing has 57m outstanding giving a market cap, right this instant, of around $215m. A large escrow of 40.3m shares exists, meaning the public float is microscopic tight.

As far as what these capitalists 'do' we have ... "Bitfarms operates blockchain computing centres that power the global decentralized financial economy. Fukkin wowsers.

"Bitfarms operates four facilities in Qu├ębec, Canada which currently generate approximately 308 petahash per second of installed computational power." Double wowsers, thats SOME iffing petahashery. I imagine folks can see where this is heading.
"Cost efficiency, vertical integration and operational excellence." Riiiight. I'm not even gonna bother my little self right now but I'll wager this co is losing multi-millions. ($18,236,000 loss in 2018)

This garbage falls squarely into the 'don't know' category. If you don't 'know' blockchain and blockchain mining don't go anywhere near this grossly overcapped dog at these ridiculous levels.
"Bitfarms secured US$20,000,000 in debt financing made available in four (4) US$5,000,000 tranches tied to the ongoing satisfaction of various operational and corporate milestones. Pursuant to the terms of the loan financing agreement and in connection with the third drawdown, the Company issued 1.67M common share purchase warrants to its lender at an exercise price of US$0.40 per share."

Tuesday, October 27, 2020

The Tog

Say 'The Tog' and virtually every barking dog in Vancouver would instantly know you were talking of Haywood boss John Tognetti.

Inquiring minds figured out 'The Tog' is, in some circles, an antique tank. SO there we go. I should be charging for this.

Friday, October 23, 2020

No end in sight for Boeing 737 Max troubles

American Airlines Group Inc. and Southwest Airlines Co. added to a long list of order deferrals and cutbacks for the embattled jet, which has been grounded for more than 18 months following two fatal crashes. 18 of the planes are no longer wanted by American and Southwest has severely limited how many planes it will take. The schedule of new deliveries and the pricing of Southwest’s order are on the table says the company. The Max grounding has revealed Boeing’s strategy of reusing decades-old designs with modern, new engines is a huge error. The company’s debt load has swelled to US$61b, up from US$28.5b at the start of the year. Even if Boeing wanted to start over, it’s stuck with the Max and it's inherent design flaws.

Thursday, October 22, 2020

Buy a gold bar – help save a black rhino

Orphan black Rhino takes a snooze.In February B2Gold said it was donating 1,000 ounces of gold to help save the black rhinoceros in Namibia. The gold was turned into bars of varying sizes, each embossed with a black rhino mother and calf. The idea was to sell each bar for the prevailing market price, plus a 15 per cent “conservation premium”.
The gold came from B2Gold’s Namibia mine, and the campaign to sell the bars was a huge success. Ten half-kilo bars were sold within days. As the gold-bar money began to flow, it was used to pay Namibian ranger salaries. A vehicle was purchased to track poachers. It is thought that fewer than 5,700 black rhinos are left in the wild.

Monday, October 19, 2020

Chinchillas prevent Gold Fields from accessing 3.5m gold ounces

Gold Fields (TSX, NYSE: GFI) could access 3.5m ounces of extractable gold in northern Chile – if an operation to capture and relocate a population of critically endangered chinchillas living around the project proves successful. Hunted for centuries for their thick, soft pelt, chinchillas are now only found in the wild in parts of Chile and are protected by law.

Gold Fields’ environmental license for the gold-silver project depends on finding a way to move chinchillas. Without a rodent move 4km away that ore stays legally buried.

Sunday, October 18, 2020

5 banks laundered trillions

Deutsche Bank and JP Morgan accounted for the lion's share of disclosed funds with almost US$2 trillion transacted. Five bank named in the leaked documents include JPMorgan Chase, HSBC, Standard Chartered, Deutsche Bank and Bank of New York Mellon.

Tuesday, October 13, 2020

Hollyburn Country Club shuttered due to Coronavirus

The hob nob members of Hollyburn cc (Read Haddads, Jackson, et al) will have to find someplace else to hob their nobs as their little club has been shuttered for multiple Covid exposures. That means ANOTHER pretend outlet of MEAT.c salmonella laced celery root is gone too.

Word is it costs $45k per anum for the uber high end nobbery at Hollyburn.

Abeir Haddad

Sunday, October 11, 2020

Mark Turner takes on Bob Moriarty

In the 'lets bust a gut' category we have terdly Mark Turner deciding to attack the highly respected (we do mean highly) Bob Moriarty. If A-hole Turner has been around, Bob Moriarty was dating his fukking mother.

A real mistake taking Mr. Moriarty on with that Turneresque 'logic'. How so? The following was recently unleashed regarding 'pimple poppers' and is hilarious. HERE.

The real gold in my little opinion is the Moriarty material that probably set tard Turner off in the first place, and that would be his STRIDENT hatred of silver. HERE. The punchline is that silver made a historic move to the upside the entire time Turner was on his rag, and anybody betting FOR silver has made a truly HUGE mint. Dopes listening to Turner weren't one of them. So an 'angry' Turner begins a chit campaign with somebody far smarter than he is because they pointed out the obvious ... he's an idiot.

Wednesday, October 7, 2020

Tinka Stinka TK.v - Mark Turner at IncaKola - update

Dopey McDope Mr. Mark Turner was turfed from Google's Adsense and in response set up shop on Wordpress. The 'new and improved' sucks asshole. Mark Turner's threadbare garbage isn't worth looking at. To make up for that he's upped his subscription rates. One wonders who PAYS to take continuously bad advice. Poor Marky got his terd in a twist recently when TK.v decided to drill for silver. He threatened to sell every share. Gasp. You tell em Marky Tard. Don't take that chit.
I don't necessarily dislike Mark Turner on every level ... just one or two of the most important ones. He is not a stupid man, and often he manages to find a way to spew wisdom. That dopey ego of his is fully beyond compare however. Case in point is Tinka Resources Ltd. - TK.v

Turner nearly chit himself stupid when this thing sewered from the $.60 levels. It's a screaming BUY! says he. The saying for this utter boneheadism is 'never try to catch a falling knife.'

Fundamental news from Tinka Resources Limited - TK.v. was all about a very long awaited PEA. Whatever that document means precisely, and I certainly know nada, the market wasn't impressed with it's content. At all. THIS is the reality. Latest from MonkeyBoy is more breathless stupidity about what an even BETTER deal of a lifetime it is. Pfffft.

Take-a-way? The obvious is to stick with what you 'know' and never suppose yer genius is greater than the market. Arrogance and being unable to walk away because you get emotionally stuck to a deal is pure black magic for creating losses far greater than they should be. Instead of a serious haircut, it's a 60%+ capital wipeout. God bless you Mark Turner for showing us what NOT to bloody do. Please shut yer hole now. Thanks.
See ----->Mark Turner - Charity Thief