Thursday, December 28, 2017

GT Gold Corp. - GTT.v

GT Gold Corp. - GTT.v is focused on exploring for gold in British Columbia’s Golden Triangle.

The company’s flagship project is the wholly-owned Tatogga property, located off highway 37 in northern B.C.

On December 13, 2017 the company released News

GT Gold Corp. has released assay results from early reconnaissance drilling of the very large Saddle North target, located approximately 500 metres north of the high-grade Saddle South gold discovery on its 100-per-cent-owned Tatogga property. High-grade vein-hosted gold was intersected in holes TTD057 and TTD063, which were drilled near the west end of the Saddle North trend. Two kilometres to the east, porphyry copper-gold-silver mineralization which began at surface, strengthened steadily with depth, and that continued to the end of the hole at 234 metres, was intersected in TTD062. Hole TTD064, drilled 1,000 metres west of TTD062, intersected similar, though narrower and richer, porphyry-style copper-gold-silver mineralization. Holes TTD062 and 064 targeted a high-intensity geophysical anomaly located under considerable glacial cover to the east of the area of known high-grade epithermal gold potential targeted by holes TTD057 and 063.

Wednesday, December 27, 2017

Precision Drilling Corporation - PD.t

Precision Drilling Corporation - PD.t is a performance-oriented, integrated oilfield service provider and the largest in Canada.

Precision provides an extensive fleet of contract drilling rigs, directional drilling services, well service & snubbing rigs, coiled tubing services, camps, rental equipment, and water treatment units backed by a comprehensive mix of technical support services and skilled, experienced personnel.

On December 4, 2017 the company released News

Precision Drilling Corporation ("Precision" or the "Company") (TSX:PD) (NYSE:PDS) announced a 2018 capital expenditure plan of $94 million, comprised of $62 million for maintenance and infrastructure and $32 million to upgrade existing rigs. We expect that the $94 million will be split $88 million in the Contract Drilling Services segment and $6 million in the Completion and Production Services segment.

Sunday, December 24, 2017

Lockheed Martin Corp - LMT.n

Lockheed Martin Corp - LMT.n is a security and aerospace company headquartered in Bethesda and is organized around core business areas. The Company operates through four segments. Aeronautics, Missiles and Fire Control and Rotary, Mission Systems and Space.
On December 21, 2017 the company released News

The United States and allied military forces will upgrade their missile defense capabilities under a new $944 million contract for production and delivery of Lockheed Martin (NYSE: LMT) Patriot Advanced Capability-3 (PAC-3) and PAC-3 Missile Segment Enhancement (PAC-3 MSE) interceptors. The contract includes PAC-3 and PAC-3 MSE interceptors and launcher modification kits for the U.S. Army, Romania and other Foreign Military Sales customers.

Saturday, December 23, 2017

Peru in the middle of a Political Chitstorm - Update

Peruvian President Pedro Pablo Kuczynski will remain in office after Congress fell short of the votes needed for his impeachment.

Kuczynski is the latest Latin American leader to be engulfed in a wave of corruption investigations stemming from the largest bribery scandal in modern history. For impeachment to pass, 87 of the 130 congressional leaders needed to vote in favor, but only 79 voted for Kuczynski's removal.
Odebrecht continued paying advisory fees to the firms, Westfield Capital and First Capital, until 2012, well after Kuczynski left public office and before his presidential campaign in 2016. In total, Odebrecht paid Kuczynski's firms $4.8 million in advisory fees from 2004 and 2012.

Kuczynski has acknowledged his firms accepted the payments but says he did nothing illegal. Odebrecht also says its payments to Kuczynski weren't illegal. In December 2016, the US Justice Department hit Odebrecht with $3.5 billion record fine for dolling out bribes to officials across Latin America and beyond.
In the seaside capital of Lima, the tales of graft are multiplying like the potholes. An unfinished highway to the airport left a trail of indictments instead. There was the light rail line that prosecutors say was built with help from $8m in bribes. The Brazilian company at the center of it, Odebrecht, has seen government officials jailed in Ecuador and Brazil and dozens of others are under investigation in Venezuela and Colombia.

The biggest fish of them all is Peru President Pedro Pablo Kuczynski. Peru’s congress is set to begin impeachment proceedings against him on charges that he improperly received $782,000 from Odebrecht.

The latest wave of corruption may be a turning point.

Alejandro Toledo
For many years, most Latin Americans accepted corruption as inevitable. Now, politicians are on the run — some literally. Alejandro Toledo, Peru’s president in the early 2000s, remains at large after being indicted for accepting $20m from Odebrecht. Another former Peruvian president, Ollanta Humala and his wife, are in jail awaiting trial. In Ecuador, a former vice-president was sentenced to six years in jail.
Ollanta Humala
The charges against Kuczynski have been aggressively promoted by Keiko Fujimori, a right-wing politician who lost to him in 2016. Fujimori was under investigation for corruption charges until her party tried to remove the attorney general. Ms. Fujimori’s father, Alberto Fujimori, is currently serving a 25-year jail sentence for corruption and human rights abuses.

The projects in Peru are only the tip of the iceberg for Odebrecht, which admitted last year to bribes of around $800m from Mexico to Angola. Construction of pricey infrastructure projects resulted in exorbitant bills to their pliant officials.