Thursday, May 19, 2011

DRILL RIG MOBILIZED TO TINKA'S COLQUIPUCRO SILVER PROJECT, PERU

Told you it was coming yesterday did I not? GOT CHIMU?

DRILL RIG MOBILIZED TO TINKA'S COLQUIPUCRO SILVER PROJECT, PERU
Last Update: 5/19/2011 9:00:00 AM

VANCOUVER, May 19, 2011 (Canada NewsWire via COMTEX) -- Tinka Resources Limited (the "Company"), (TSXV - TK; Frankfurt - TLD; Pinksheets -TKRFF). The Company advises that a diamond drill rig has been mobilized to the Company's Colquipucro silver project, west-central Peru. Reconstruction of the access road, damaged due to heavy rains, has been completed with the assistance of the local communities. Preparation of the initial drill pads has also been completed.

Drilling will commence as soon as possible.

The Company's Qualified Person, John Nebocat (P.Eng.), has reviewed and approved the contents of this news release.

On behalf of the Board,
"Andrew Carter"
Andrew Carter, President & CEO
Posted by at

34 comments:

  1. silvergoldsilverMay 19, 2011 at 9:39 AM

    0 volume, LOL, this is a sleeper

    ReplyDelete
  2. Adam ChalmersMay 19, 2011 at 9:59 AM

    Stay thirsty my friends...it's going to be wild ride.

    ReplyDelete
  3. DennisMay 19, 2011 at 10:01 AM

    "Drill Baby, Drill!"

    ReplyDelete
  4. We the SheepleMay 19, 2011 at 10:20 AM

    SGS - I am thinking of selling my Tinka and purchasing LinkedIn at $80/share. thoughts?

    ReplyDelete
  5. 2pac4yaMay 19, 2011 at 10:24 AM

    LNKD... What a f'n joke! 8 million is net revenue! SGS... where were you on this one? j/k

    ReplyDelete
  6. YousifMay 19, 2011 at 10:25 AM

    Bids are in. Ready and waiting.

    ReplyDelete
  7. ArielMay 19, 2011 at 10:36 AM

    Peru's presidential elections coming up in June. One of the damn candidates wants to Nationalize Peru's assets!! This would include the mines I would guess?!

    ReplyDelete
  8. Silver MonkeyMay 19, 2011 at 10:40 AM

    there are no options available and you can't short LNKD

    ReplyDelete
  9. silvergoldsilverMay 19, 2011 at 10:54 AM

    Ariel you have no idea what you are talking about. You are late to this game, we have known this rumour since March.

    ReplyDelete
  10. silvergoldsilverMay 19, 2011 at 10:57 AM

    Just bought SLV PUTS for protection...again, fuck sakes.

    ReplyDelete
  11. ArielMay 19, 2011 at 12:03 PM

    Just stating the facts and wanted to know what effect it has on the stock! As you may know, you have some new readers to the blog and you might want to consider that! thanks

    ReplyDelete
  12. DennisMay 19, 2011 at 12:04 PM

    Trading pattern on the 17th and today spot silver look like mirror image relative to turning points/time.Interesting. We will see if the rally begins soon.

    ReplyDelete
  13. mossmoonMay 19, 2011 at 12:04 PM

    im not bored anymore

    ReplyDelete
  14. SteveMay 19, 2011 at 1:11 PM

    I don't see the big deal with this news or the company. Isn't drilling just the first baby step in a very very long process to production or even a 41-101?

    ReplyDelete
  15. silvergoldsilverMay 19, 2011 at 1:22 PM

    No idea what a 41-101 is, but they already have a 43-101, and this drilling will expand the current 43-101 resource, thanks for coming out.

    ReplyDelete
  16. walp86May 19, 2011 at 2:16 PM

    Ahhh, the reliefing quake finally came to South America.
    http://quakes.globalincidentmap.com/ - But it was Chile and not Peru that took the 5.2M hit.


    Now it feels really good to have puts all over the place, except for them food and oil calls.

    Pop som' popcorn, load som hotporn and let the decade of epic begin!

    Im ready, are you?

    ReplyDelete
  17. 2pac4yaMay 19, 2011 at 2:24 PM

    walp... you are one nutty individual. I like it : )

    ReplyDelete
  18. infra143May 19, 2011 at 2:52 PM

    http://indiawheretoinvest.blogspot.com/2011/05/watch-full-story-open-up.html

    full video by mike

    http://www.youtube.com/watch?v=E5VNAEmmBQM

    ReplyDelete
  19. walp86May 19, 2011 at 3:15 PM

    Thx 2pac4ya!

    Oh sweet Jebus, I found another way to trade more paper shit post closing times here in sweden!

    My broker has "US Direxion Large Cap 3X Bear" active after the Swedish market closing bell rings.

    I feel so calm now even though ObamaNukes will start to fly very soon, as he promised in his speech.

    ReplyDelete
  20. JUMay 19, 2011 at 3:15 PM

    SGS:
    Have you get out of SLW 48 call yet?
    Thanks

    ReplyDelete
  21. Adam ChalmersMay 19, 2011 at 3:44 PM

    @infra143 I'm watching the Why Gold & Silver? movie right now. It's really good. I'm probably going to post it to my site for my subscribers.

    ReplyDelete
  22. Silver MonkeyMay 19, 2011 at 4:27 PM

    Here's the details on shorting/options for LNKD. If shares are available to short tomorrow, you could make a fuck-ton.

    http://www.cnbc.com/id/43098403

    ReplyDelete
  23. Idowanna LookMay 19, 2011 at 4:40 PM

    OK- Who got the 100+k at .34? SGS? Nice grab.

    ReplyDelete
  24. SRSroccoMay 19, 2011 at 5:32 PM

    SLV SHORT POSITIONS DECLINE 23% FROM LAST MONTH

    In keeping with stocks in this post, I noticed with the big takedown in silver this month, the SLV liquidated some 6,500,000 shares short. According to ShortSqueeze.com:

    Ishares Silver Trust $ 34.26
    SLV 0.03

    Short Interest (Shares Short) 28,273,700
    Days To Cover (Short Interest Ratio) 0.2
    Short Interest - Prior 36,712,800
    Short % Increase / Decrease -22.99
    --------------------------------------------

    According to iShares SLV, the total Net Asset Value is $11.7 billion with 336.5 million shares. If we compare this to another undervalued stock like NETFLIX we find the following short interest:

    Netflix Incorporated $ 242.73
    NFLX 0.19

    Short Interest (Shares Short) 10,413,400
    Days To Cover (Short Interest Ratio) 1.5
    Short Interest - Prior 10,341,300
    Short % Increase / Decrease 0.70
    -----------------------------------------------

    Netflix was $17.90 in Oct 2008 the same time the price of silver crashed down to below 9 clams. Today Netflix is trading at $242 a share or a 12.5 fold increase since OCT 2008. Silver is trading at $35 or a 3.8 fold increase since OCT 2008.

    SLV NET ASSET = $11.7 billion
    NETFLIX MRKTCAP= $12.7 billion

    Of course CNBC will not call NETFLIX a BUBBLE but when Silver hit almost $50 which made it a 4.5 fold increase....IT WAS THE BUBBLE OF THE DECADE.

    There is a lot of BRAINDAMAGE out there in waltCNBCland.

    ReplyDelete
  25. SRSroccoMay 19, 2011 at 5:37 PM

    I forgot to mention in the post above...that NETFLIX had a 12.5 fold increase with a measily 10 million short share position against it. Whereas the SLV currently has risen only 3.8 fold in the same time span but has 28 million shares short against it.

    With LNKD going bananas today along with stocks like NETFLIX....all I can say...we are screwed as a human race

    ReplyDelete
  26. walp86May 19, 2011 at 5:38 PM

    FUUUUDGE! I knew I should have bought more puts!

    This cant be good, Crete and Turkey had 4.9 and 6.0M earthquakes just an hour ago.
    http://quakes.globalincidentmap.com/


    Seriously, everyone check the "alignment of the inner planets" within this link
    http://www.solarsystemscope.com/

    When the moon on may the 21th-22th goes pass the central line of the earth, it will probably create the perfect fulcrum point for the other planets to bend the earth causing a lot of BIG earthquakes, FUCKFUCKFUCKITYFUCK!

    The Christian New York Doomsday retard might be right after all, lol


    Turkey got another 4.3M JUST now!, PROBABLY FORE SHAKES!

    LEVEL 4 EARTH QUAKE WARNING:
    For every mayor city with known faults from Rome to Portugal, Iceland and Hawaii, San Fransico and New Madrid, be sure to sleep under your dinner tables with one eye open, just in case.

    LEVEL 5 EARTH QUAKE WARNING:
    CENTRAL AMERICA

    Better safe than sorry!

    (This guy is probably a relative to me, lol)
    http://www.youtube.com/watch?v=CArWivYt208

    ReplyDelete
  27. Silver MonkeyMay 19, 2011 at 5:38 PM

    Hey SGS - What happened with Chris and the Weekly Telegram? Looks like all his videos have been removed from youtube.

    ReplyDelete
  28. walp86May 19, 2011 at 6:15 PM

    LIBYA HIT BY 8.4 EARTHQUAKE! HOLY SHIT FUCK LOAD!

    http://www.infp.ro/ (Romanian SGSS equivalent)

    ReplyDelete
  29. AnonymousMay 19, 2011 at 6:42 PM

    "Here's the details on shorting/options for LNKD. If shares are available to short tomorrow, you could make a fuck-ton."

    So did the underwriters undervalue the stock OR did it get overbought on IPO?

    SGS What is your take on this?

    ReplyDelete
  30. SushiSiouxMay 19, 2011 at 6:53 PM

    peru elections update

    http://incakolanews.blogspot.com/2011/05/peru-prez-poll-new-round-two-numbers.html

    ReplyDelete
  31. StrannickMay 19, 2011 at 8:03 PM

    Everyone's talking about how gold/silver needs QE3 just to stay afloat. I dont think this is so. Gold/Silver wont be repeating their 2008 performance as the bonds of China, Japan, UK, Eurozone and especially US Treasuries, have all been shown to be about 'safehaven' has a Bin Laden porn lair. From ZH...

    Rosie reminds what happened laste year between the end of QE1 and the surprise start of QE2

    •Gold was the commodity that bucked the trend as it acted as a refuge at a time of intensifying and financial uncertainty - to $1,235 an ounce from $1,140 and even with a more stable-to-strong U.S. dollar too.

    ReplyDelete
  32. AnonymousMay 19, 2011 at 8:16 PM

    sgs,
    i understand you are not my financial planner or even smart enough to advise me but i still would like to know for laughs what kinda movement would you think from tkrff once 50 people find out about it, ive been in since .43, fucked up at .74 sorta, care to say?

    ReplyDelete
  33. silvergoldsilverMay 19, 2011 at 10:40 PM

    freddi: Once they bring up the CHIMU, you will be rewarded in July-September. If you cant hold sell it. If you think its goign lower sell it.

    I will sell at $2 like I have been saying for 6 months.

    ReplyDelete
  34. AnonymousMay 20, 2011 at 6:05 AM

    thanks sgs, i can ride it to the ground if i want...and consider astrology for the preakness...

    ReplyDelete

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