tag:blogger.com,1999:blog-4815867514277794362.post4939104981731678202..comments2024-03-08T06:18:28.125+11:00Comments on Bronte Capital: What is it with Carlo Civelli and George Soros?John Hemptonhttp://www.blogger.com/profile/03766274392122783128noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-4815867514277794362.post-13271875187602957622013-02-18T20:40:06.884+11:002013-02-18T20:40:06.884+11:00http://www.bougainville-copper.eu/the-civelli-clan...http://www.bougainville-copper.eu/the-civelli-clan.html<br /><br />http://www.bougainville-copper.eu/mediapool/59/599247/data/BOC_Manipulation/Zak_letter_to_ESBC.pdfAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-13294240287028302062011-02-02T04:35:42.975+11:002011-02-02T04:35:42.975+11:00Petromanas is NOT a subsidiary of
Manas. Manas ...Petromanas is NOT a subsidiary of <br /> Manas. Manas sold Albania rights to<br /> Petromanas for 200 million shares of<br /> PMI. If Manas went broke tomorrow <br /> it wouldn't mean a thing to <br /> Petromanas business.<br /><br /> Manas has shares in Petromanas<br /> That's allUnknownhttps://www.blogger.com/profile/01853634925491088566noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-39262384813620765872010-06-24T02:49:24.756+10:002010-06-24T02:49:24.756+10:00John Hempton,
Wow! I have actually followed your ...John Hempton,<br />Wow! I have actually followed your blog more than I am willing to admit... <br />Not shocked Frank Giustra is still hanging with Carlo Civelli..as he bailed him out years ago.<br />Common lock up expires and you know Gordon Keep and Co. will dump their $.25 shares and 10 000 0000<br /><br />Another money man missing from your story is Sam Magid.....Peninsula Merchant Syndications Corp. <br /><br />Frank Giustra is too busy with Bill Clinton restoring Haiti....which no doubt will be his next shell.<br /><br />I have followed Frank Giustra longer than I have followed you...perhaps because he has made me money since he was in Calgary.<br /><br />The only stock promotion of his I think is undervalued presently is Crew Gold....which has even a more shady partner Russian Severstal...Factor in their testosterone, with an election in a politically suspect country and I somehow can find value.<br /><br />Frank Giustra is someone I love and support...but not blind that he always surrounds himself losers...on the internet Thom Calandra would be the biggest loser pumper.<br /><br />Thank you again and perhaps one day I will rebuy but not today. I am just happy with my WWE profit and reading you calling a spade article!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-4074539060899912962010-06-04T23:04:20.245+10:002010-06-04T23:04:20.245+10:00Great post, but how is this worse than the numbers...Great post, but how is this worse than the numbers at the back of any sell-side report that show the ratio of buy to sell recommendations that they have.... all stocks are hyped by anyone who wants to sell them.CityReactionaryhttps://www.blogger.com/profile/08705936901422152762noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-62994656297247187172010-06-04T07:02:44.477+10:002010-06-04T07:02:44.477+10:00http://www.docstoc.com/docs/21668506/Prospectus---...http://www.docstoc.com/docs/21668506/Prospectus---MANAS-PETROLEUM-CORP---8-1-2008<br /><br />Clarion Finanz = Carlo Civelli...<br /><br />JJohn Hemptonhttps://www.blogger.com/profile/03766274392122783128noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-13299050458178865532010-06-04T07:02:44.478+10:002010-06-04T07:02:44.478+10:00Maybe the position(s) are boxed shorts - Soros'...Maybe the position(s) are boxed shorts - Soros's funds were short and boxed (by buying it long so as to avoid capital gains) the position and thus show up as a shareholder. No clue, but just tossing it out there.Bennoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-34167144212684394112010-06-04T04:32:26.786+10:002010-06-04T04:32:26.786+10:00In Manas' mid-May Prospectus filed with the SE...In Manas' mid-May Prospectus filed with the SEC, there is a list of 11 people who are "insiders" on page 92<br />http://www.secinfo.com/d1Ze2u.r1h6.htm#grsl<br /><br />The insider's position total about 75% and Carlo Civelli is not in the list. Do you have evidence to the contrary?<br /><br />On page 16 of the Prospectus, Manas provides the reasons why they make the explicit statement on that page of "Based on the above, Manas Petroleum Corporation did not obtain control over Petromanas." Given the additional dilution of Petromanas in the secondary offering by Raymond James and GMP Securities that closed on May 27, in which Soros and others bought their shares, Manas controls even a lower % of total shares than at the time of the Manas Prospectus filing.<br /><br />You seem to treat Manas and Petromanas interchangeably, when they are not. Endeavour Financial is the instigator of Petromanas, converting an inactive shell on the TSX-V into PMI with the enabling transaction being the purchase of Manas' Albanian interests.<br /><br />"Endeavour Financial (EDV:TSX), an independent merchant bank, has a proprietary capital base, is <br />an industry leader in creating and growing natural resource companies and has a proven track <br />record of creating successful investment opportunities."<br /><br />Endeavour is controlled by well-connected and successful Billionaire resource company developer Frank Giustra. Mr.y Giustra is know for successfully developing opportunities into profitable companies, not engaging in scams or pump and dump schemes. Some of <br />Frank Giustra’s (former President and Chairman of Yorkton Securities) successes include:<br />- Wheaton River Minerals (sold to Goldcorp for C$2.5 billion).<br />- Pacific Rubiales (PRE:TSX, C$3.2 billion market value).<br />- Berma Gold Corporation (sold to Kinross for US$3.3 billion).<br />- Silver Wheaton (SLW:TSX, C$5.5 billion market value).<br /><br />Might this history of success have been one of the things to attract Soros and others to oversubscribe the recent PMI secondary offering?<br /><br />Finally, to decide whether there is a pump and dump scheme happening at Manas, it seems logical to compare the hype (is there any significant Manas hype?) with the fundamentals of the business, At the moment, Manas has given up its Chilean property and has its FSU properties farmed out to Santos, which tends to validate that there is some serious interest in exploring it for hydrocarbons. They have managed to sell their Albanian concession to PMI, which now has about $75 million to explore and drill the property, which retaining enough shares in PMI to make any PMI success flow through to Manas shareholders (with relative shares outstanding, 1 share of Manas represents slightly more than one share of PMI). Manas's remaning property, in Mongolia, is currently being explored.<br /><br />The head of Manas was in Canada recently looking into getting a listing on the TSX-V and opening an office, as well as possibly raising money. I know a Canaccord broker who attended one of the meetings, in Calgary. Given that the listing requirements of the TSX-V are purposely directed to encourage junior resource listings and Vancouver is a popular location (much better climate than Calgary or Edmonton), I see nothing suspicious about having website hosting there and I expect to see Manas listed there before the year is up.Alan Rosshttp://www.trustintelligence.com/forum/index.phpnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-86540727456512704142010-06-03T17:02:10.288+10:002010-06-03T17:02:10.288+10:00Soros !?, who has major stake by way of Interoil i...Soros !?, who has major stake by way of Interoil in Desire Petroleum which drills Falkland Islands around..too<br /><br />it is read as -Sorosh- in Hungarian Language.jupiternoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-88666872972191223852010-06-03T13:04:19.249+10:002010-06-03T13:04:19.249+10:00I view Soros as a trader, not a fundamentals guy (...I view Soros as a trader, not a fundamentals guy (Jim Rogers was the fundamentals guy in the Quantum Fund days).<br /><br />Trades don't need to make fundamental sense. In fact, most of mine don't!Mrs. Watanabehttps://www.blogger.com/profile/17409842578762602196noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-21609039137801992212010-06-03T07:31:54.890+10:002010-06-03T07:31:54.890+10:00Regarding FRE and FNM - Never have such large asse...Regarding FRE and FNM - Never have such large assets been so ignored by so many. John, some of us would love to hear your latest thoughts on the GSE's.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-46954014370557982362010-06-03T01:55:28.017+10:002010-06-03T01:55:28.017+10:00Wasn't Soros a big investor in Apex Silver?
T...Wasn't Soros a big investor in Apex Silver?<br /><br />That wasn't a fraud, but it was certainly a disaster.<br /><br />ApplesaucerApplesaucernoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-433727124540207552010-06-03T00:38:55.334+10:002010-06-03T00:38:55.334+10:00Thanks again, Mr. Hempton.
It sure would be nice ...Thanks again, Mr. Hempton.<br /><br />It sure would be nice if Robert Mueller (George W. Bush's leftover FBI director) could come up with information like that.<br /><br />I wonder if anyone at the BCSC, OSC (ho, ho, ho), SEC, or DOJ are aware of this. Perhaps I will tell them.<br /><br />Thank you once again and as a sidebar there are some very sleazy stock promoters pumping Manas again (not Cohen this time).Harvard JDhttp://www.usdoj.govnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-8030713839532967272010-06-02T23:09:42.560+10:002010-06-02T23:09:42.560+10:00When Soros is in (if he still is?) it is often wor...When Soros is in (if he still is?) it is often worth a look. Maybe the answer is in what you wrote:<br />"Civelli stocks have often gone for enormous runs before blowing up" ?<br />Obviously you want to exit during the enormous run phase ...<br /><br />Thanks for the blog, much appreciated.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-16689258328251530942010-06-02T21:17:20.449+10:002010-06-02T21:17:20.449+10:00Thanks for this, Mr. Hempton--I wish more people w...Thanks for this, Mr. Hempton--I wish more people would write in this straightforward manner.But What do I Know?noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-69166803423660079572010-06-02T18:37:50.922+10:002010-06-02T18:37:50.922+10:00Interoil drilled wells too - as did Arakis - and D...Interoil drilled wells too - as did Arakis - and Delgratia and Pinewood also took drill samples.<br /><br />Nobody is questioning that there is activity there. <br /><br />Certainly I am not. There is SOMETHING with all of these activities... and internal management in each case had at least some people who thought the entire operation was kosher.<br /><br />These are not non-existent companies with fake operations. Not even close.<br /><br />I have - as I said - no position.<br /><br />JJohn Hemptonhttps://www.blogger.com/profile/03766274392122783128noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-30528879254316721792010-06-02T18:20:35.824+10:002010-06-02T18:20:35.824+10:00Manas Petroleum spudded a well in Kyrgyzstan last ...Manas Petroleum spudded a well in Kyrgyzstan last year (presumably that's where they took their name from too), but there have been no reports yet of a commercial find. Still, the fact that they spudded the well in a place like that shows they are a company willing to get out and find whatever is there: they're more than just a front.Tim Newmanhttp://www.desertsun.co.uknoreply@blogger.com