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- ⛏ Fraud In Nickel – Again
⛏ Fraud In Nickel – Again
PLUS: 15.5 Metres of 30.72 g/t
Greetings Contrarian,
Source: Trading Economics, Numerco.
This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and have a cappuccino.
Here are the highlights:
😩 Fraud In Nickel – Again
👏 15.5 Metres of 30.72 g/t
🤣 Meme Of The Day
😩 Fraud In Nickel – Again
In a twist no one could have possibly seen coming (sarcasm), yet another trading house, Kataman Metals LLC, has discovered the hard way that their "nickel" cargo was just a collection of near-worthless materials. This shocking revelation follows the minor $600 million hiccup experienced by Trafigura Group earlier.
The once-reputable metals trading sector is facing a teensy bit of a trust issue, as it turns out that 54 tons of "nickel" in a Rotterdam warehouse were really just artistically arranged stones. Both Trafigura and Kataman's delightful surprises trace back to companies linked with businessman Prateek Gupta.
Because, why not add a little more drama to the world of nickel trading?
👏 15.5 Metres of 30.72 g/t
Founders Metals Inc. (TSXV: FDR) announced drill core assay results from its maiden drill program at the Antino Gold Project in southeastern Suriname.
Highlights:
15.50 m of 30.72 g/t
7.00 m of 8.74 g/t Au
8.50 m of 6.17 g/t Au
Founders has completed drilling approximately 3,500 m out of the intended 10,000 m program. The outstanding drilling will primarily target additional infill and expansion activities spanning the area's almost two-kilometre stretch, which is a segment of the broader 8+ kilometre Antino Gold Trend.
📰 In Other News:
🤣 Meme Of The Day
Who made this? 😂
— Investment Kage (@Investmentkage)
7:44 PM • Aug 22, 2023
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Happy Speculating!
The Editor
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
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