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QE to Infinity, followed by Gold balancing the balance sheets of the sovereign balance sheet disasters. Just as there is no tool other than QE to feign financial solvency, there is no tool to balance the balance sheet of the offending entities other than Gold. It is just that simple. –Jim Sinclair
My Dear Extended Family,
With the arrival of Tanzania’s new administration, the ministerial staff were sent to mining companies, especially those owned by non-Tanzanian companies. They made demands that were not bound by law or contract, threatening us all. The Deputy Minister of Mining gave a speech to the local village and illegal miners saying that he had given us 14 days to hand over land to them to be mined, which we had already done when we offered them their choice of 3 parcels, one of which they were already on. On the 15th day, two hundred people came over the fence demanding more property. If we took no action and let 200 remain, there would be, as happened at Bulyanhulu, 20,000 more coming.
With the new government treating us all rudely via the Deputy Minister inciting riots by his pubic pronouncement, I had no viable option but to instantly declare Force Majeure against the government. In Sub Sahara Africa if you are hit you have no choice but to get up and hit back. If you don’t you are finished. You must fight instantly or you will be picked on until you give up whatever you have. I am not sure it is too different here, just more refined.
The rule in Africa is you have to put the illegal miners off your property the first day they arrive. If you don’t, 1 turns into 5, 5 turns into 20, and then that 20 becomes 20,000 and you are cooked. When the invasion grew to 200, I had to take an instant, loud, public and serious action. The interlopers were escorted out.
We do not owe Stamico one cent as that was triggered by actions on their government’s part that can only be understood in terms of the movie “Lord of the Flies.”
We are still not able to exercise our full mining license on the Kigosi property due to the whim of a single Minister. We had refused to pay cash to his representative late in the last administration in order to get access.
To add to this, a Chinese national mining company lusts for Buckreef. They are a modern form of the historical claim jumper willing to pay anyone corrupt inside or outside of the company if it helps them get what they want. We believe Buckreef represents billions, even at today’s prices.
People seem to think incorrectly that Force Majeure is something the government did to us, but it is something we declared against the government of Tanzania which we will arbitrate in London as per our contract provisions. Force Majeure gets a government’s attention as it hits directly into the claim of welcome to investors and offers protection to non-Tanzanians conducting business in the country. Force Majeure freezes all company obligations payable until the issues are resolved and protects all licenses and permits as property in this case of TRX, the parent. I had absolutely no other option but to use the most powerful defense weapon in international mining as a tool provided in our contract. The alternative would have been to simply surrender, which would be the beginning of a very quick end. I had to go nuclear in the mining industry terms instantaneously.
London arbitration is fair and our claims of no funds due to Stamico are solid. Stamico stands for the State Mining Company run by the Tanzanian government. These proceedings are governed by international law, not local law.
We issued a detailed release on this subject and two additional items earlier this week.
Stockholders looking at the market ran to the internet chat sites where information is always somewhat dicey and position profit motivated.
In the best interest of protecting the company assets, a week ago I pushed the “Force Majeure pause button” protected by contract based on international, not Tanzanian, law and opted for binding arbitration in London while taking my staff temporarily out of harm’s way. Stamico themselves publicly announced the imposition of Force Majeure with rather cordial words.
As a result, our expenses are now under $100,000 per month and we have gold on the pads. The mine is protected by uniformed armed guards that were previously Tanzanian special forces. They are trained to protect.
It is my long held, firm belief that the price of gold is headed much higher, making the recent multiyear decline not a gold bear market, but rather a simple reaction in the gold bull market of all time that will be seen reaching prices that most gold analysts cannot even imagine.
If you as a gold company had nothing you would never have a single problem. If you are a gold company of significant merit you must fight a vicious war 24/7 until cashed high enough to be a force yourself.
Nobody bothers claim jumping a piece of junk. Nobody organizes to create mass hatred using modern communication methods without a defined motive. Nobody attacks a market with such professionalism except to attempt to cut off financing, thereby rendering the company an easy hostile takeover target.
This is a business requiring instant decision making processes driven by the constant willingness to act instantly to protect itself under international law and therefore to the best interest of its family of investors.
Best wishes,
Jim
wj
Portugeezer, 14:25 explains the basic forces in play but I would question the numbers involved. 20 000 tanks and close to 2600 aircraft is cold war end of world scenario.
Nato was worried about 18 000 Russian tanks over running Europe with 5000 NATO tanks. I take exception to these authors grossly exaggerating the impending doom. Hard to be credible for “nuclear strikes in 18 days” with pie in the sky fabrications.
Hell these warmongers will be able to fulfill their wildest dreams with 10 % of those war machines in the sandbox the size of Syria.
Ahh..Thanks Wank!
of course but please don’t try to wake me again, you know how I love my Sunday afternoons. 🙂
Seriously though, let me know what Weston needs and I will be glad to help and post Ipso’s good credit. 🙂
Let me know good buddy.
buygold that was in answer
to Weston’s email question as we’re doing some adjustments and upgrades etc and I want to get all 3 domains in our combined names for safety sake. now go back to yo nap. 
wj
Sorry Men – you too Samb
Ipso, Floridagold, Wanka, – just checked my email and can’t help on that front. Sorry about that. Not hard to get though, right?
Samb – Napolitano would be a dream come true.
Mister Copper: Dow Chart Forming Megaphone Top Formation
Armstrong Dow doubling doesn’t make any sense. The Dow is like barometer, it predicts the future. If he’s right, the US economy will boom. (possible)
The way it looks now though, no new highs for over a year, Dow is predicting a futher drop with a recession.
http://www.marketwatch.com/story/bearish-megaphone-pattern-calls-for-stock-market-selloff-2014-11-12
joe 12 pack
I think the dow will half itself in this c/b climate of chaos negative interest rates Ponzi scheme about to self destruct. jmho of course. cheers wj
Martin Armstrong: Doubling of DOW coming
The latest from the greatest cycles guy ever– Martin Armstrong.
He is saying the DOW will either do a slingshot move higher (just like the late 90’s Nasdaq that doubled in 18 months) or it will go through a phase transition and go much higher. Either way we are going higher.
The slingshot will only be set up if we go below last year’s low (15370) which hasn’t happened yet.
Now if we don’t get a Slingshot we will get a Phase transition. He calls it a Phase transition because its the same thing that happens when you boil water at a constant heat. At some point the liquid turns very rapidly into gas in what is called a Phase Transition.
The markets mimic physics in this way.
We are looking at Feb or March being the possible low in the general markets.
floridagold — with you all the way brother
zackly my thought too with a little Ronald thrown in …”we’re not right or left ……we are up or down! 🙂 wj
goldie 14:03 the toe twins in the beige rug house
will be catching flies before this nation’s populous gives up its guns for self protection. guaranteed!
wj
rebublican leadership said
next pres next choice next year ….lets see how they hold the line this time. wj
connish the thig that grabs me is just that
no autopsy and a declaration of natural death? WHAAAAT???? WAIT!!! never seen that before. ahhh the jumping the gun so to speak. poor man would be a bulls eye in the collectivist scope. wj
Wanka
Right, how convenient when Obama and Moochelle vowed to get rid of guns before they left.
Now he wants to hurry up and appoint and hopefully the right is going to go back on any and all statements the appointees made and block Os illegal attempt to upsurp the constitution.
silverngold 2 thoughts came to mind
when he died….1 how convenient being the strict constitutionalist on the court ie: was he put down? and 2 didn’t ob-one-kah-nobi early in his first admin extend life time secret service protection to all living presidents by e/o? things that make one go hummmmm! wj
Warmongering bastard Erdogan
Update: Reports indicate the Turkish army has crossed the border into Syria.
Road To World War III: Turkish Army Enters Syria After Second Day Of Shelling As Saudi Warplanes Arrive
FWIW: SCALIA Died On LuperCALIA, the 44th Day! Whaaat???
Judge Scalia’s Death No Accident: The Stunning Synchronicities
Wikipedia made it a point to explain the death of Scalia with numerical synchronicity.
He died on the 44th day of the year, the first day of Lupercalia. Wiki explained that his death would leave the court split at 4-4 (44). Obama is the 44th President.
Wiki also said that he died 33 miles from the closest city. He was born on 3-11 (3Ă—11=33). If you were uncertain about the links of Lupercalia to Scalia, here are his own words:
“This wolf came as a wolf”
The reason why these revelations are important is because the Lupercalia cult is tied into mass human sacrifice and the events of 9/11. Come to You Tube channel Enterthe5t4rz to learn all about Lupercalia.
They must really want to get rid of Trump!
I was wrong.
Last night’s “debate” apparently featured electronically-enhanced applause and boos!
And the audience?  Stacked again, by the GOP’s own admission.
And guess what — the voters at-large have seen through both ruses; Trump is destroying the others in overnight polling with his margins increasing despite the GOP’s putrid stacking of the audience and electronic games!
To the GOP establishment, I say this as, apparently, do many others:
samb i would love it too
but ain’t holding the limited breath I have. 
wj