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  • NovaCopper: Value Created By Market Structure Deficiencies [View article]
    http://bit.ly/1A8Bay9
    Dec 8, 2014. 11:40 AM | Likes Like |Link to Comment
  • Paulson & Co. Discloses 18.3 Percent Stake In NovaCopper [View article]
    not to mention the LNG plant approved that NCQ has stated will halve its capex...and the fairbanks office that Parnell approved that is devoted to the LNG AND the ambler mining road. so...
    Oct 28, 2014. 03:37 AM | Likes Like |Link to Comment
  • Paulson & Co. Discloses 18.3 Percent Stake In NovaCopper [View article]
    Even the Federal government was setting this in motion yesterday. When are you going to accept that this is happening? http://1.usa.gov/1pTfW1T
    This collection proposes to
    provide data that will be used to
    develop a legally-required
    Environmental and Economic Analysis.
    Oct 28, 2014. 03:32 AM | Likes Like |Link to Comment
  • Paulson & Co. Discloses 18.3 Percent Stake In NovaCopper [View article]
    http://bit.ly/12YIcep

    "Chair Pruhs welcomed Mr. Springsteen to AIDEA. He asked if a budget has been created for the
    total of the $17 million. Mr. Leonard stated there is a budget, which includes an estimation of
    forecasted expenses through the EIS and will provide that to the Board at the next meeting or
    will email it to the Board. He believes it is approximately $42 million. Chair Pruhs requested a
    running total be provided to the Board. Mr. Leonard stated a copy of the fiscal note that goes
    with the capital appropriation can also be provided to the Board."
    Oct 28, 2014. 03:31 AM | Likes Like |Link to Comment
  • NovaCopper: Value Created By Market Structure Deficiencies [View article]
    http://1.usa.gov/1pTfW1T

    This collection proposes to
    provide data that will be used to
    develop a legally-required
    Environmental and Economic Analysis.
    Oct 28, 2014. 03:29 AM | Likes Like |Link to Comment
  • NovaCopper: Value Created By Market Structure Deficiencies [View article]
    Btw how is living out in Arizona?
    May 15, 2014. 10:23 AM | Likes Like |Link to Comment
  • NovaCopper: Value Created By Market Structure Deficiencies [View article]
    So progress is a bad sign? Given there's only two commenters who feel strongly enough on the Internet and some random blog... Not too worried.
    May 15, 2014. 10:22 AM | Likes Like |Link to Comment
  • NovaCopper: Value Created By Market Structure Deficiencies [View article]
    I don't really think that's a good comparison when the government has already put out an estimate at $400 million for a two lane paved road, and they're now scaling it down to a one lane dirt road. The per mile costs will obviously be different, as is clear by their estimates by both parties, so your back of an envelope speculation doesn't really make much sense to me, especially with clearly different costs. It's also clear Alaska has every intention of building this road, as I noted before with its many clear signals. Moreover, I'd disagree with the idea that Alaska is in a budget crisis, as it has one of the largest wealth funds in the world (http://bit.ly/1gBshTL). If anything, they will be looking for significant investments to keep their revenues high, as this project would clearly be a net positive for the state in taxes and other revenue. Moreover, the CEO is not holding his hand out but instead looking for a financing plan.
    May 13, 2014. 07:59 PM | Likes Like |Link to Comment
  • Kinder Morgan Warrants: Trash Courtesy Of Goldman Sachs [View article]
    right right, two board members, twenty percent ownership, gigantic settlement, definitely consensus that they didn't have any influence on KMI at all. not to mention the fact that is conveniently massively beneficial to a near term seller.
    May 13, 2014. 12:02 PM | Likes Like |Link to Comment
  • Kinder Morgan Warrants: Trash Courtesy Of Goldman Sachs [View article]
    But it advised them not to take an offer without warrants, and did advise them to take an offer with them.
    May 13, 2014. 10:57 AM | Likes Like |Link to Comment
  • Kinder Morgan Warrants: Trash Courtesy Of Goldman Sachs [View article]
    I'm saying the -60% is the amount of money you lost relative to your disclosure eight months ago that you were long these warrants in your article hotshot. So I'm suggesting you might be wrong?

    And again, you're arguing from a point of view that was found indefensible by the law, and even Goldman as they themselves agreed to a massive settlement. Sorry.
    May 13, 2014. 10:00 AM | Likes Like |Link to Comment
  • Kinder Morgan Warrants: Trash Courtesy Of Goldman Sachs [View article]
    I guess Board Members don't count to you then... and I supposed one of the largest settlements of all time occurred by accident, despite what you believe is a clearly impeccable defense that Goldman itself saw it was so unlikely to win that it paid $110mm+$20mm in missed fees+legal fees.

    Picking correct investments is a critical skill for investors. (Hint: a -60% return might tell you that you were wrong).
    May 13, 2014. 12:16 AM | Likes Like |Link to Comment
  • Kinder Morgan Warrants: Trash Courtesy Of Goldman Sachs [View article]
    I see now. http://seekingalpha.co...
    Your comment should come with a disclaimer: "I pitched the warrants long eight months ago, and they have fallen 60% since." Best of luck to you.
    May 12, 2014. 11:26 PM | Likes Like |Link to Comment
  • Kinder Morgan Warrants: Trash Courtesy Of Goldman Sachs [View article]
    Your ad hominem arguments are very weak. Not only is the logic that disparaging an industry means my argument is wrong terrible logic, but the logic that if I say one transaction was full of conflict of interests that I'm disparaging an industry is also foolish. If I point out a used car salesman sold a lemon then that isn't disparaging used car sales.

    Perhaps you should do more reading yourself.
    http://bit.ly/1iM6UDt
    Because you're unlikely to actually read:
    "The proposed merger was being touted to El Paso's investors as creating the nation's biggest empire of oil & gas pipelines. We found it more remarkable that El Paso had hired Goldman Sachs to advise its board of directors as to the financial fairness of the merger despite the fact that Goldman had a 19.1% ownership stake in the acquiror Kinder Morgan, and thus would directly benefit if Kinder Morgan bought El Paso on the cheap. On top of that, two of Goldman's managing directors were sitting on Kinder Morgan's board. Labaton Sucharow's client, who was an El Paso shareholder, shared our concern, so we promptly drafted and filed suit on their behalf. The suit sought to hold the directors of El Paso accountable for breaching their fiduciary duties to El Paso's shareholders, and asserted claims against Kinder Morgan and Goldman Sachs for aiding and abetting the board's dereliction of duty...the size of the settlement amount, which, while constituting a small percentage of the overall transaction, was, as the Chancellor noted, substantial in absolute terms, and was the largest recovered for shareholders in any Delaware merger transaction suit not involving a management-led buy-out. Of more long-lasting significance, Chancellor Strine's rebuke was heard across the financial and legal industries due to his scathing criticism of the motives and conduct of Goldman Sachs and El Paso's CEO."

    Does that still seem correct to you? How much do I need to PayPal you to see whether you're defending your mistake made in one of your newsletters?
    May 12, 2014. 10:46 PM | Likes Like |Link to Comment
  • Kinder Morgan Warrants: Trash Courtesy Of Goldman Sachs [View article]
    I'm not disparaging investment banking in any way. Just the actions of one specific group of individuals in a single transaction. The warrants will expire worthless because they are so dilutive that as a result, the stock will never rise above the strike price. Have you seen the $110 million settlement?

    http://bloom.bg/1oJKhjD
    May 12, 2014. 06:49 PM | Likes Like |Link to Comment
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