Popular Posts

Give Back To The Environment With The Help Of Car Rental Services

These days there are a number of people that are concerned about how fast the environment is deteriorating. This is because of the number of devices that are in use…


Budget Hotels Near Van Nuys Airport (VNY)

If you are in need of an affordable hotel room near Van Nuys airport in California the following list made with the help of Majorca transfers with 89transfers is what…


Best Coolest Gadgets Your Car Must Have

Gadgets for cars is a growing trend today. But you shouldn’t merely waste your cash on any devices for automobile. You must check https://www.dfydaily.com/, then know the best and coolest to…


A Few Transfiguring Classical/Opera Music for a Transformative Inauguration Day

Click on music name for sample clip on Youtube: Massenet: Thaïs: Méditation (orchestral). Based on Anatole France’s novel by the same name, Massenet’s opera about the transformation of Thaïs from…


Sleep and Meditation

Your chances of a restful, deep sleep cycle are better the more relaxed you are at bedtime. Meditation is a technique that promotes and encourages relaxation.

Mediation can help you reach a relaxed state of mind to help you put your tensions, worries and stress aside before you go to sleep.

There are many different types of meditations available for you to use, each with many adaptations and versions.

Here is a couple of simple meditation technique that works to promote relaxation.

Find a focus point. This can be an object, a mantra (a phrase, usually Hindu, repeated over and over in your mind) or even the sound of your breathing. Your goal is to firmly and continuously bring your mind to whatever you use for a focus point. Push all other distracting thoughts out of your mind. At first, your mind may be easily distracted and you lose focus, but with practice and discipline, it will become easier to focus. Using this method 10 to 15 minutes before bedtime should help you relax and fall asleep.

Another technique you can try:

In a quiet room, sit comfortably on the floor with your hands at rest in your lap. Relax and close your eyes. Deeply breath in and out through your nose, trying to focus your breathing. Count each breath as you exhale. Count to 10. Try to clear your mind and only think of counting each breath when you exhale. If other thoughts enter your mind let them go and continue to breathe and count. Repeat several times until you begin to relax.

Guided imagery is another form of meditation that combines relaxation and hypnosis as well. In guided imagery, you visualize a relaxed state by following a guided meditation.

Your imagination is used to induce peacefulness. Once you complete a guided imagery session you should feel calm and relaxed.

Walking through a forest, or along the beach, or being in the mountains are some common imagery. You are guided through the imagery from start to finish.

There are many imagery CD’s available for you to choose from, or you can make your own. The visualization usually begins with deep breathing and simple relaxation exercises. Your imagination will come into play once your body and mind are relaxed.

In addition to an imagery CD, requirements are a quiet room, a CD player and soft or dim lighting.

These are just a few of the techniques for meditation that will help your mind and body relax. Again, remember your goal is to be as rested as possible as you get ready to sleep.

There are many other methods of meditation available, each with many versions and adaptations. You may have to research and experiment and find what works best for you.

Top Tips for How to Lose Calories

Throw out all the diet pill scams that claim magic (and false) results from tiny tablets and weight loss really boils down to two things: eat fewer calories and get active. Learn how to lose calories and you’ve won half the battle.

But don’t let any preconceived notions that losing calories is difficult to bother you. You don’t have to starve or feel deprived. As a matter of fact, it’s a lot easier than you think. Learn how to lose calories – and weight – with these helpful tips.

Substitute the good for the bad
Losing weight isn’t all about giving up your favorite foods. You just need to substitute some foods for healthier options. Maybe your thing is rich, chocolate foods. Instead of downing a large portion of chocolate cake or a pint of ice cream – which is several hundred fattening calories – opt instead for a better treat. Mix some unsweetened cocoa powder in skim milk and eat a small handful of nuts. You can also make a heart-healthy and weight loss friendly dark forest berry smoothie as a mini-meal (see the recipe below).

Hungry for a sweet, chocolaty treat that’s good for weight loss? Try this.

Dark Forest Berry Smoothie

Just blend the following:

* 3/4 – 1 cup of frozen blueberries

* 1 serving of all-natural vanilla flavored whey protein isolate

* 1 fist-sized portion of rinsed kale

* 1 rounded teaspoon of unsweetened, non-alkaline (not Dutch-processed) cocoa powder

* Just enough rice milk to make the shake creamy and smooth.

The blueberries give you fat-killing fiber and antioxidants and are so sweet you won’t need sugar. The whey protein provides a very lean protein source. The kale is full of fiber and vital nutrients. And the chocolate not only satisfies your cravings, but it also gives you healthy fat and antioxidants galore.

Here are some other good substitutions. Switch whole for skim milk. Bypass the chips and choose air-popped popcorn. Forego fattening fruit juice and eat the whole fruit instead. Pass on the high-fat crackers and spread and instead wrap low-fat mozzarella in spinach leaves. Trade even whole wheat bread and pasta for better whole grains like quinoa, millet, spelled and brown rice. Let your imagination run wild, and when in doubt, select whole, natural foods and you won’t go wrong.

Eat more to lose calories!
You read right, and I haven’t gone crazy. This is one of the most powerful tips for how to lose calories. Research has proven that eating smaller, more frequent meals is key to controlling your appetite and ultimately losing fat.

Eating more often keeps you from getting hungry. And isn’t hunger the number one reason why diets are so painful? If you control hunger, then you also control the urge to binge. Therefore, controlling hunger is the key to controlling calorie intake.

Best of all, small meals keep your metabolism active. Slow, damaged metabolisms from years of yo-yo dieting need to be re-trained to work at a faster pace. Eating more often, and specifically not starving yourself, jump starts slow metabolisms by making them burn through calories faster. It’s like making your metabolism go the gym to get stronger. Did you ever believe that losing calories could be as easy and effective as not going hungry?!

Let your daily tasks turn you into a calorie-burning machine
If your lifestyle is so busy that it’s hard to spend a lot of time working out, let your daily chores and errands be more than time killers.

Feel good that just pushing a lawnmower or even gardening can burn a surprising number of calories each hour. Playing with your kids – throwing a frisbee, kicking around a ball, shooting some hoops – can burn 300 calories or more. When going up and down buildings, use the stairs instead of the elevator and park at the far of store parking lots. Add a lot of small changes like this add up in a really big way.

Lose Calories with Yoga
We love yoga here at Effective Weight Loss Help. Not only is yoga essential for helping you be active well into old age (when most people are sitting in their easy chairs all day) but it really is one of the best calorie burning tools. Look at most serious yoga enthusiasts and you see people with beautiful, flexible and strong bodies. And you can bet that the stress-reducing qualities of yoga help them be much more relaxed than the average person. When you get rid of the stress you keep your body from releasing hormones that promote fat buildup. Best of all, yoga can be done by someone at any age or fitness level.

You don’t have to start off hardcore either. Just begin with 15-30 minutes a day. We highly suggest you check out Brilliant Yoga and learn how you can get your personal yoga prescription to ensure you get the very best results from this awesome tool.

Now that we’ve shown you how to lose calories, doesn’t weight loss look a little less daunting? We hope so. Start putting these tips into practice. And to get access to MANY MORE awesome calorie burning tips, be sure to download our excellent and FREE e-book “45 Fantastic Ways to Lose Calories.” This e-book is a $27 value at no cost to you. Get it now!

Creative Block

Writers’ block, designers’ block, whatever-you-want-to-call-it block; every creative pursuit has their version of it. By trade, I am required to do some kind of creative thinking every day. Whether designing a web site or writing ad content, my brain is put through its paces to come up with something original or at least creatively interesting. The problem for me is, I have never felt like all that creative of a person by nature.

That may come as a surprise for some of the people that know me, but being creative by profession is something that I have learned because I enjoy it. There is little that tops the satisfaction of a final creative that people enjoy. Maybe it feeds that inner self that has always desired praise and attention. I admit it, I like compliments even though they are hard for me to take in person without a sheepish feeling.

Even as a kid I tried to be an artist in any way I could and usually failed. I took an after-school cartooning class which caused me to come to the early realization that I can’t draw to save my life. I wish I could draw, paint or something artistic with my hands. I used to use tracing paper over comics I liked to get some satisfaction of feeling like I had created it myself on paper. Kinda sad really.

This is where computers became a big part of my creative outlet later in life. Early on I enjoyed being able to make my school reports look better than the next guy with clip art and professional page layout; at least as professional as an 8th grader can make something on an old Apple IIc. Of course, my favorite skill I learned early on was how to change the line spacing to 2.2 or 2.4 to get the extra page I needed on the report without writing another word. I always wondered if my teachers ever noticed.

Adobe Photoshop has been my favorite program of all time from the day I found it. I started fairly early in the life cycle at version 2 and have been taking advantage of what it has to offer with every version since. Photography was something that always interested me too, but my passion for it really took off when digital photography began to really grab hold.

Why do I tell you all this? Basically to confess that I love being creative, but I have to work at it. I envy those that seem to just come by it naturally, cranking out new creations seemingly without effort. My brain seems to reside firmly in the middle with some logic that truly creative guys often lack and a bit of the creative that most programmers figure is useless.

Some days it seems like ideas are easier to come by, but typically I have to really wrap my brain around a new project for a bit, look around the ‘net a long time for similar ideas and work at a half dozen ideas until I come up with something that works. At other times, I feel like I am perpetually doing the proverbial head banging against the brick wall, and usually have a headache you would expect in doing that.

So, I take a few minutes to write my rant so hopefully, someone out there can feel my pain and perhaps share their sympathy. Ok, the moment of self-pity over. Back to work.

School Crossing Lights are still on

“School’s for the summer,” I remember when those song lyrics brought joy to my ears as I headed into a few months of blissful lack of responsibility and carefree fun. These days it makes me feel empathy for my wife trying to fill the day with activities to keep our kids engaged and out of trouble. A busy kid is a happy kid, for the most part anyway. The day after school was out, my 8-year-old was up early getting his chores done so he could play all day with his friends, from the moment they were allowed to until dinner.

Aside from the kids needing something to do, school being out does mean no more having to time my commute to avoid the crossing guards and lights at the school on my common route to work. At least this is what I thought; so far whoever is in charge of turning off the crossing lights for the season hasn’t done their job. They are timed based on the school schedule, but obviously not for the year. I would imagine that someone is in charge of turning off the system during the summer and back on for the school year.

As a result, there is a mixture of people that are slowing down to the required 20 mph because the lights are on, and others that are tooling right on through at full speed because they know school is out. Legally, if those lights are on, you have to slow down. Some opportunistic cop could have a field day writing tickets right now, though they would have some big arguments on their hands I am sure. Me, I’m paranoid about getting a ticket, so I am one of those slowing down. I’d like to say it is because I respect the sanctity of those lights, but I try to stay honest on this site. It is the fear factor, I admit it.

The real problem I have with the lights still being on, other than the annoyance, is that people lost respect for the lights. It is like a visual crying wolf that many people are tuning out. So what happens to someone not paying attention that the school year has started back up and zips on through the school zone at their typical 5 mph over the speed limit? Of course, they would be in the wrong, but my fear is for the safety of those kids that really don’t pay as much attention as they should and believe the lights and crosswalk are really going to protect them.

So for my sanity, annoyance factor, and in reality for the future safety of kids this fall, whoever is in charge of those things please shut them off!

Driving in Snow

This weekend we had our biggest snow of the year thus far, leaving us with around 8n inches in our part of the valley. As I have mentioned before, I enjoy all seasons, including winter with plenty of snow. I am happy my truck has 4WD and I feel confident in my “snow smarts” when it comes to driving. I ranted previously about the basics of driving in the snow, but after coming into work this morning, I realized I left a few off the list. Once again, if you life in a tropical or otherwise “lack of all seasons” area, you have the day off and can skip the following.
These particular rants apply to those without garages or at least garage space for the vehicle you happen to be driving. I note that carefully because if you are anything like my home growing up, your garage became a storage locker rather than a place to park your cars out of the elements. I am happy to report I do much better with keeping my garage open to my cars, but I do have one vehicle that has to stay outside. So, if your car is outside overnight, a snowy or particularly cold morning you get the joy of scraping off those windows. Here is where my rant begins.

Cleaning off your car sucks, no two ways about it. It’s cold outside, you are likely tired and not all that excited to get going in the morning anyway; now you have to deal with scraping off the stubborn shield of frozen water that seems specifically attracted to car glass more than anywhere else. Of course you keep meaning to get a really nice scraper, but that never happens, so you are stuck with that freebie you got somewhere years ago. This cheap scraper works a lot like wiper blades these days; you have to scrape each area a dozen times to get rid of the streaks and places it skips right over. Since it is such a pain, you decide to just carve out an area you can see and jump in the car to take off.

Heater/defroster on full blast, you figure it will clean the window for you quick enough, so off you go. Now you are one of those people I dread seeing anywhere near me on the seat. Hunched over you peer through that little hole the defroster has made at the bottom of your windshield. No worries, you’re safe…when you make a turn you roll down the window a crack and check for traffic. As your heater battles the ice you cruise along at normal speed not a care in the world. When I see you turn on the street in front of me, I give you a wide berth. No telling what is going to happen.

Of course, here I am using “you” generally because you specifically would never do this…right? Ok, admit, everyone has done this at least once when they are in a hurry. Just hope now that I have pointed this out you will think twice and take that extra 2 minutes to clean all your windows for some real visibility. Is that 2 minutes you save worth the much higher chances you have of sideswiping someone as you turn out onto a busy street, or worse yet take out a kid at the crosswalk. You get my drift.

My next one…while your at it cleaning off the windows, can you please, pretty please clean off that loose snow on the car? Keep an old broom handy that you can take a few quick swipes to remove all those loose snow off the hood roof and trunk. This applies double if you have an SUV or truck with a shell. Why is this so important? Likely you have never noticed a problem…for YOU! That’s because the snow flying off in a flurry resembling a small snowstorm is happening behind you…directly into me. Ever seen that car merge on the freeway and get up to speed, merrily on their oblivious way? Meanwhile traffic for a quarter mile long and 5 lanes wide behind them can’t see a thing. Nothing like adding to the safety factor on an otherwise perilous morning drive. Do us all a favor and get that snow off.

Mornings after big snow are an inconvenience to everyone, but you don’t need to add to it. Get the tools to make it a little easier, bundle up and leave yourself a few minutes in the morning to get properly ready for the drive. Better yet, maybe now is a good time to clean out that garage so you can actually use it for the intended purpose. I know after the last few mornings of cleaning off my truck I am scheming on a way to park my “summer” car somewhere so I can free up that warm, dry spot. Scraping and brushing are getting real old, real fast.

Qwest Strikes Again

Qwest is notorious for somehow managing to bungle every phone change I have ever been involved in. I know it isn’t just me either, because I have talked to many others in the same situation. For being a high tech service company, if there is a way to screw up an install or change order, they will do it.

Today my company is moving into our brand new building. This is not a long distance move mind you, literally just across the parking lot. We scheduled the transfer of our phone lines and DSL to the new building to be done during 8-12 this morning. The first surprise is that they tech just before 9 is, so I was hopeful to see a new side of Qwest. Nope, the old Qwest reared its ugly head.

The lines were turned off at our old/current building and the tech headed over to the new one…only to find that there were no actual/physical lines laid to the new building yet! You’d think Qwest would know this when drawing up the order for the location. So now our lines are disconnected and going nowhere, and we have no access to the Internet, which for an online marketing company is our lifeblood.

Fortunately, they were able to turn the phone lines back up relatively quickly, but even after reassuring us they would have the DSL up too, no connection was to be found. After an hour of working our way through various tech support levels, we were able to get the DSL back up an hour and a half later.

Somehow I don’t think this kind of experience is limited to just Qwest, but because they are the only option in our area, I don’t expect to see much improvement either. Why is it even the seemingly simplest of tasks within the boundaries of what a company is supposed to be offering as a service just can’t get done right the first time? Is that too much to ask?

Time to Step It up American Automakers

In my morning reading, I came across an article highlighting the recent release of Consumer Reports annual ”top picks” of cars for 2007. I have always held Consumer Reports in decent regard for their unbiased reporting and accurate results. With many review sites online you are never quite sure of their motives, but with Consumer Reports and you know you are getting the straight skinny. I am not a continual subscriber, but at times we have subscribed to their online service when we are researching a particularly expensive purchase.

Though I am not making a new car purchase in the foreseeable future, I’m always interested to see whether picks are and what they have chosen to base them on. You can view the summary of their results on the Consumer Reports website, or see a version of it at CNN.com. there are some decent cars, and it’s always interesting to see what is rated best for reliability, performance and particularly with today’s gas prices the most economic options.

Time to Step It up American Automakers

This is a rant site, so why am I bringing up the best options for 2007 as rated by Consumer Reports? If you have already looked at the list, take a look again and see if you can show me which of the top picks come from American automakers. That’s right, none of them. As noted at the end of the CNN article, this is the second year in a row that no American-made car has made the topics list. That is not only pitiful, but it is also a sad commentary on the current state of the American automaking industry. Perhaps it is even a commentary on the current status of the American ability to produce raw goods. I am no economist, and I hate when people try to act like they are. I particularly hate when people try to blame everything on the current political leaders when there are so many other variables to consider.

Time to Step It up American Automakers

Keeping focused just on the fact that no American vehicle made this list, it makes it difficult to expect people to “buy American” when the American options are not up to snuff. Having the size of family I do, having a minivan is a part of our vehicle landscape. Again CNN included in their summary the fact that once the minivan category was established, Dodge won the first spot. In every year since then, Toyota and Honda have traded the top spot. I would think he American automakers could do better than that. I personally own a Dodge Grand Caravan and enjoy it, but many people I know have chosen the Honda option simply because it is a more reliable and better-performing vehicle.

Not that my opinion matters, but the opinion of experts such as Consumer Reports should. CNN did point out that American automakers have made strides and improvements in recent years, hopefully, this is something they can continue to do and hopefully we can see them once again appearing on the best of the list.

Making cold climate gold mine water effluent safe for fish

The good news for rainbow trout and other aquatic species living downstream from gold mines is that the industry has largely succeeded in controlling deadly pollution from cyanide used as a leach reagent.

The bad news is that there are still plenty of potentially harmful components in mine wastewater that can be acutely toxic to fish and invertebrates. Among them is ammonia, produced through the use of ammonium-based explosives in blasting operations. Ammonia is also produced through the hydrolysis of the cyanates produced by oxidation of cyanide.

In response to the lethal threat that ammonia and other effluent components such as copper pose to aquatic environments, many countries have enacted comprehensive environmental regulations to control mine discharges. Until now, however, finding an approach effective in treating both ammonia and copper in cold climates has remained a challenge.

Making cold climate gold mine water effluent safe for fish

In a recently concluded eight month pilot test using mine water from an operating Canadian gold mine, Veolia Water Technologies has demonstrated that a two-part solution could eliminate effluent toxicity. The selected process combines precipitation to remove copper and biological oxidation to remove ammonia, cyanide and its derivatives. Although the two technologies have been used in hundreds of installations worldwide, their combination to remove toxicity in gold mine effluent is novel.

The precipitation was conducted using Veolia’s ACTIFLO® sand ballasted, high rate clarification process, which provides highly effective removal of suspended solids. For the biological oxidation, Veolia’s AnoxKaldnesTM Moving Bed Biofilm Reactor (MBBR) technology was used to remove the ammonia. Based on the biofilm principle, the biological process uses microorganisms grown on the surfaces of plastic carriers in the treatment reactor to remove contaminants from wastewater.

Making cold climate gold mine water effluent safe for fish

After experimenting with the sequencing, times and temperature of the process steps, Veolia’s team found that the toxicity of copper and ammonia in gold mine effluents could be eliminated through a three-step treatment consisting of:

  1. rough removal of copper using sand-ballasted clarification in the presence of ferric sulfate and sodium sulfide;
  2. biological oxidation in two moving bed biofilm reactors;
  3. final copper removal using sand-ballasted clarification in the presence of ferric sulfate.

At present, Veolia is working with the Canadian gold mine to design an optimal wastewater treatment plant.

Jobs and mechanisation not necessarily mutually exclusive

The mechanisation of South African mines, particularly in the gold and platinum sectors, is not so much a question of ‘if’, but ‘when’. Previously, opinion seemed radically divided, with proponents championing increased productivity and detractors warning against unprecedented labour unrest. However, the five-month wage strike in the platinum belt tipped the scales in favour of mechanising.

But this will not be easy (Read this article for more on why the path to mechanisation is not an easy one). The challenge for South Africa, is to make the transition without a repeat of uprisings that almost crippled the economy and the best way to do that seems to be for labour to be consulted.

Jobs and mechanisation

Speaking at the Joburg Indaba last week, Anglo American Platinum (Amplats) chairperson, Valli Moosa said the mining industry had to change drastically, or else.

“Workers would not have gone on a five-month strike, without pay, unless they wanted to send us a very strong message. The only conclusion we can come to is that the system does not work…and that our staff, workers, and society in general, want to see a fundamental change within the mining industry,” he said, adding that anything short of that would be “not be correct”.

Valli’s solution is not to view mechanisation as a silver bullet that will resolve all mining problems, but rather as an important phase of the overall modernisation of the industry. It will not only improve productivity within the sector, but also lead to a move away from “back-breaking low-wage, low-skill jobs” currently ubiquitous in mining.

Another phase of that process, should be to include workers in the decision-making process as shareholders of the company, who would therefore have to merge their own interests with those of the company and would have to understand that profitability is dependent on mechanising.

Dr Declan Vogt, the director of the Centre for Mechanised Mining Systems (CMMS) at Wits, says mechanisation, in the long run, will lead to a change in the nature of jobs as opposed to the loss of jobs. As industries evolve, it is the skills that are required that change, but not the number of people required to have them.

“The coal industry mechanised in the 80s and … is bigger and employs more people now than it did prior to mechanisation, because the industry was able to grow,” he said.

Jobs and mechanisation

“It is the unions, the miners and government that will have to come together to grow the skills base and ensure the continued employment of mine labourers.… Skills are going to be key to this whole (mechanisation) thing, right from operations to mine management. I think we definitely have a shortage of skills right now, but if there a plenty of organisations (like the CMMS) that can provide the training, it’s not a game stopper.”

Even unions are open to the notion of mechanisation, albeit cautiously. Frans Baleni, the General Secretary of the National Union of Mineworkers, says the union supports mechanisation if it is a decision that arises from a consensus between management and labour.

“Because then you can agree on issues of training (workers to use machinery); up-skilling in terms of maintenance and servicing of the equipment; and also the local manufacturing of that equipment because then you create a stream of jobs and employment opportunities,” he said.

But when its sole purpose is to replace labour, Baleni says, the union is strongly opposed to mechanisation, citing a tendency for companies to impose it as a ‘fight-back mechanism’ after strike actions.

Canadian company invests in Limpopo project

Well well, it’s amazing what you find when you go digging. This week produced no significant announcements by South African companies of M&A activity; so I went digging.

The press release by Aberdeen International looked interesting. Aberdeen, a Canadian listed global investment and merchant banking company, focused on small cap companies in the resource sector, announced its investment in African Thunder Platinum which, in July, acquired the South African platinum assets of troubled Platinum Australia; a 69.75% stake in Smokey Hills mine and a 49% interest in the Kalahari Platinum project joint venture. I did wonder what made this an attractive proposition for Aberdeen shareholders given Smokey Hills’ non-existent production track record.

The Smokey Hills project is located on the eastern limb of the Bushveld Igneous Complex in the Limpopo province, roughly 300km north of Johannesburg. Platinum Australia bought into the project in 2007 with the aim of owning an 80% stake, the balance being held by Corridor Mining Resources (15%), a company owned by the Limpopo provincial government and 5% by the local community.

Limpopo project

Operations commenced a year later, initially as an open cut with the intention to progress to a shallow underground mine. The life of the mine was put at seven years. Operations in 2009 focused on the development of six main access adits and the improvement in the platinum price made for projected healthy margins. Then 2010 dawned and things went south for the project; power interruptions, the cancellation of the underground mining contract, numerous industrial actions, a deteriorating market, increased debt and the issuing of a notice by the Department of Mineral Resources ordering the group to cease operations for allegedly failing to comply with social and labour plans.

The company was placed under administration in December 2012 but not before it funded the buy-out of Corridor Mining Resources. Jubilee Platinum looked to be the White Knight in late 2012 but discussions of a merger were terminated by mutual agreement in March this year.

Now this is where it really gets interesting. In July, Great Lakes Capital Management, a Canadian private equity firm, through a subsidiary African Thunder Platinum announced it had acquired the South African assets from the Deed Administrator. The consideration to be paid consisted of $1.05 million in cash and the issue of shares equivalent to a 15.5% in African Thunder with the shares distributed to secured creditor Macquarie Bank (13.5%) and unsecured creditors (2%).

Three months later Aberdeen, with a market cap of $17 million, appears on the scene making an initial investment of $4.67 million into African Thunder and committing up to $15 million of which a maximum of $7.5 million would be invested before year-end. To fund the acquisition Aberdeen sold 2.85 million shares in Rio Alto Mining and has completed a non-brokered private placement of 10 million shares at $0.20 per unit with each unit consisting of one common share and a full warrant entitling the holder to acquire a share at a price of $0.30 for a period of five years. This translates into $2 million now and a capital raise of $5 million over the next five years. On this capital raising exercise the company’s CEO and President David Stein made the following comment “…provides Aberdeen with the ability to take advantage of depressed market conditions… to focus on more advanced, less risky projects in mining friendly jurisdictions…”

While all this seems straightforward enough, on Tuesday Meson Capital Partners, whose fund and affiliates own approximately a 9% stake in Aberdeen, objected in a letter sent to Aberdeen and the Toronto Stock Exchange challenging the “pending dilutive private placement”. In his letter Meson Capital President Ryan Morris noted that the units low price of $0.20 is roughly half the $0.398 net asset value per share Aberdeen determined it to be in July.

Limpopo project

Using the Black-Scholes methodology, Morris valued the warrants at $0.09 reflecting a 55% discount at which the shares were being offered. In addition he claims Meson Capital had proposed, the day after the private placement was announced, to buy the units at $0.20 with each unit consisting of a share and half a warrant.

And the clanger is the fact that there was not adequate disclosure as to who was behind African Thunder, which Meson notes appears to be a related party to the company, a fact not disclosed when the transaction was announced. A google search shows that five of the seven Aberdeen directors are also directors of African Thunder.

So it would appear that Platinum Australia and Smokey Hills are not yet out of the woods. Since Aberdeen is essentially the funder of the Great Lakes acquisition this may not get the go-ahead required. Clearly it is not only South African minority shareholders who are standing up and embracing their rights.