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Apr 9, 2012

From The Desk Of nick Nicolaas - Mining Interactive: Tumi Intersects 35.36 m of 1.4 g/t Gold, 2,029 ppm Tungsten and 304 ppm Tin at La Gloria, Sonora, Mexico

TSXv - TM; Frankfurt -TUY (WKN 251 738); Pinksheets - TUMIF 


David Henstridge, President & CEO Stated:
"The discovery of significant gold, tungsten and tin mineralization within hole 5 at La Gloria skarn is very encouraging and detailed mapping is underway to determine if the zone of interest is sufficiently extensive to justify a second phase of drilling.”


Excellent start at La Gloria in Mexico.  Tumi is moving forward on several fronts.  We are also awaiting the assay drill results from the initial drilling at the historic Sala high-grade silver mine in Sweden.
As always - - - Stay Tuned, there is lots of excitement just over the horizon for Tumi!!

Regards from Amsterdam,

Nick L. Nicolaas
Mining Interactive "Ahead of the Pack"

Donna Werbes
(778) 968-1623

Nick L. Nicolaas
(604) 657-4058

CFTC | Enforcement Adtions: Federal Court in Texas Orders Total Call Group, Inc. and its Principals to Pay over $4.8 Million in Fines for Making False Representations and Issuing False Account Statements in Forex Fraud

RELEASE: PR6227-12

  • April 9, 2012

    Federal Court in Texas Orders Total Call Group, Inc. and its Principals to Pay over $4.8 Million in Fines for Making False Representations and Issuing False Account Statements in Forex Fraud

    Washington, DC - The U.S. Commodity Futures Trading Commission (CFTC) today announced that a federal court entered an order of default judgment and permanent injunction against Total Call Group, Inc. (aka TPFX, Inc.Power Play FX) of Frisco, Texas, and its principals, Craig B. Poe, also of Frisco, and Thomas Patrick Thurmond (aka Patrick Thurmond) of San Antonio, Texas.
    The court’s order requires Poe and Thurmond, respectively, to pay a civil monetary penalty of $3.24 million and $1.62 million and holds Total Call Group jointly and severally liable for the payment of these amounts.
    The order, entered on March 30, 2012, by Judge Richard A. Schell of the U.S. District Court for the Eastern District of Texas, stems from a CFTC enforcement action filed on September 29, 2010, that charged the defendants with issuing false customer account statements in connection with an off-exchange foreign currency (forex) fraud (see CFTC Press Release 5908-10).
    The order finds that, beginning in early 2006 and continuing until October 2008, the defendants solicited approximately $808,000 from at least four customers to trade forex. In soliciting the funds, Thurmond made false representations to one or more of Total Call Group’s customers, including that Poe had been trading forex and living off the income for over four years, and that he and Poe had personally provided over $1 million to Total Call Group, according to the order.
    At the end of August 2008, the defendants sustained trading losses and incurred trading fees amounting to approximately 90 percent of the then current balance of the trading accounts, according to the order. However, the defendants did not report these substantial losses to customers, but instead continued to promote the profitability of trading and solicited additional funds, the order finds.
    In September through December 2008, the order finds that the defendants traded and lost almost all of the remaining funds in the trading accounts. Despite these losses, Poe sent false account statements to customers, including several false statements after the trading accounts were fully liquidated in November 2008, that collectively reflected a positive balance of over $750,000 in Total Call Group’s forex trading accounts.
    CFTC Division of Enforcement staff members responsible for this action are Patrick M. Pericak, Daniel Jordan, Eugenia Vroustouris, Jessica Harris, Michael Loconte, Rick Glaser and Richard B. Wagner.
    Media Contacts
    Dennis Holden
    Last Updated: April 9, 2012

Financial and Forex Info News | The Australian Capital Circle: Prices, labour cost Australia

Prices, labour cost Australia

Key Asian economies are shunning Australian businesses in favour of other nations because of soaring labour costs and poor productivity.

First off: It's one month until the federal budget is handed down and the economy is squarely in focus. The federal government is not giving anything away - yet - but business is making its views heard. The Business Council of Australia will today release a paper that warns Asian economies are hunting out suppliers from within Asia for imports such as resources and energy at the same time as Australia's biggest rivals are increasingly focused on exploiting Asia's growth (The Australian). The warning on labour costs and productivity comes as employers push for increased flexibility and cuts to minimum hours for employees ( The Age).

Julia Gillard is in Canberra. She spoke to ABC radio this morning about the forthcoming federal budget and "economic imperative" of a surplus; the twin challenges of making aged care sustainable and introducing a national disability insurance scheme; the Health Services Union and embattled Labor MP Craig Thomson; and the Chinese asylum seekers in Darwin who are on their way to New Zealand.

The PM has a day of meetings ahead, including a "drop in" on the meeting between Chinese Commerce Minister Chen Deming and Trade Minister Craig Emerson.

Tony Abbott is in Sydney. The Opposition Leader will visit Eagle Vale where he'll attend a morning tea to discuss child care. He'll hold a doorstop after the event.

Diary: Treasurer Wayne Swan and Infrastructure Minister Anthony Albanese will also meet today with Chinese Commerce Minister Chen Deming. Mr Chen and Mr Albanese will sign a memorandum of understanding on infrastructure delivery aimed at closer co-operation on planning of projects. The ACCC is expected to announce its decision on the Foxtel/Austar takeover later today. The Health Service Union national executive will decide the fate of

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