The state-owned Mexican oil company, PEMEX, is on life support – its sickly bloodstream hooked up to an IV drip of foreign investment.
Imagine you are a diabetic and every day you are forced to walk through a crime invested neighborhood to get the insulin you need to survive.
In my youth, I exited a Main street bar and made a fateful decision to take a shortcut home through a construction site. Sixty seconds later I was stopped by a police officer who searched me meticulously – uncovering a gram of marijuana hidden in my left sock.
In the mining business, “political risk discount” refers to share price depreciation caused by the possibility of a local government throwing a wrench into your project.
On September 19, 2017, QMC Quantum Minerals (QMC.V) got a work permit from the Government of Manitoba for the Irgon Lithium Mine property. QMC has now mobilized a work crew and equipment to the site.
Since the late 1880s, Labour Day (the first Monday in September) has been a national holiday in Canada and the U.S. Its origins can be traced to an 1872 parade to support of the Toronto Typographical Union’s demand for a 58-hour work-week.
In 1979 a 160-pound teenager from a small town in Ontario entered the National Hockey League (NHL). A respected scout predicted that he was “too small, slow and weak” to succeed in the NHL. In his first 6 months in the league, playing for the Edmonton Oilers, he scored about 111 points.
On September 25, 1660, the great English diarist, Samuel Pepys wrote: “I did send for a cup of tee (a China drink) of which I never had drunk before.” At that time, tea drinking was a novelty. Thirty years later, England had imported 181,000 pounds of tea.
Global money printing and “quantitative easing” have damaged the integrity of paper currency while creating trillion dollar equity, bond and real estate bubbles. It doesn’t take a genius to sustain 2% GDP growth when you’re tossing duffel bags of cash from a fleet of helicopters. When these bubbles pop – there will be stampede to gold