maurice, i have ran into a difficulty w/ the mining milling and milking (oops, wrong industry sector again) operation
just cleared from e-mail tray, something about serfs, plebs, lords, gate-keepers, feeding range, problems, issues, otherwise difficulties that are easy and rocks for harvesting
all to do w/ boyz busy shoveling, trucking, piling, crushing, all for nothing productive per warren the buffetting baffoon
From: J
Sent: Saturday, October 20, 2012 11:03 AM
Subject: Re: Comments - Week of October 15 - gold chronicling: Difficulty
another day another deal and for a flashing moment i thought a ^$#@wcking Difficulty
when i first saw the subject heading "Cxxxxxxxxxx and Difficulty" my heart went cold
but in gold, a 'Difficulty' is not necessarily a difficulty or a DIFFICULTY, but may merely be a Difficulty, as a proper name
existing dumps with rocks piled up, pleading to engage w/ the feudal gate-keeping mill w/i 750 km radius range (effective transport for 5g/ton rocks equations out to be 300 km, say, plus or minus, but as gold pricing goes up or grades improve, the feeding range extends
just closed deal to buy gold at
5,000 tons of rocks x 6 grams/ton + 30,000 tons of rocks x 2.5 grams/ton = 105,000 grams = 3,281 oz of gold and 300 oz of silver (wild guess)
cost to process = aud 34/ton, so 35,000 tons require aud 1,190,000
add to aud 220,000 cost of Difficulty and Cxxxxxxxxxx
plus a bit for loading and trucking, but not drilling and digging as pile is a pile, all ready
essentially buying gold at ... aud 490 per oz
and when done, there would still be the reasonably larger sulfide ore to drill and explore and dig and truck
and sell to the chinese comrades
but only after the easiest 4m is first harvested (oops, wrong sector, not agricultural) - zero-state reset mindset :0)
in the mean time other expert agents have been empowered to purchase team USA govt surplus road building equipment (as opposed to the more expensive mining equipment required by larger operations) at give-away prices
we are vertically integrated to not-fight-the-fed
(i) buying the fed's cast off equipment as it continues w/ fiat money enabled wastrelism,
(ii) to use such to engage with supplicants w/ piles of Difficulty-like issues
(iii) the fed-engendered macro economics which is underpinning the rise of the produce (oops, i meant difficult rocks)
(iv) to do god's work and prepare the planet for the eventually needed zero-state reset by making available the 9999s
(v) sell off the leftovers to freedom-loving chinese explorers on vacation on the gold coast great barrier this and large reef that
(vi) use the proceeds to hoard hk air-rights
(vii) readying to welcome more chinese explorers and refugees, as well as those from other lands forced out by the fed
iow, between gold citadel and jacko mining, we are in the biz of chinese by the enterprise of not fighting the fed!
there is a moment in each scientist's and mathematician's mind when all that he knows crystalizes into one overarching awareness
i am neither a science type nor a math whiz, but i am beginning to sense an inkling of that awareness
either that or i am horny and need to ... well, never mind
[clip n paste and in blue, an e-mail trail amongst the aussie undertaking]
From: J
To: r; A
Sent: Saturday, October 20, 2012 10:21 AM
Subject: Re: Cxxxxxxxxxx and Difficulty
agent r, the im force empowers you to proceed with haste and execute w/ care
should you fail, the secretary shall disavow everything, including his name be a
in the mean time, take good care and youtube.com
youtu.be
From: r
To: A; J
Sent: Saturday, October 20, 2012 9:19 AM
Subject: Cxxxxxxxx and Difficulty
Gents
We have just acquired the Cxxxxxxxxxxx and the Difficulty xxxxxxx at Cxxxxxxxxx for $220k
Dumps
Difficulty xxxxxxxx 5000t @ 6 grams
Cxxxxxxxxxx 30000++(approx) @ 2.5 grams
The Difficulty has a very high grade small oxide and sulphide deposit on it. The Cxxxxxxxxxx has excellent potential.
I am going to try to do everything possible to beat the wet season to move these dumps. The issue is they are on black soil and will not hold up in wet weather with ore trucks. I will talk to the mines department Monday on expediting permits.
Regards
R
From: J
Sent: Saturday, October 20, 2012 8:52 AM
Subject: Re: Comments - Week of October 15 - a, tis not nice to taunt a recent seller w/ much regret
turn the &%$#^tw76cking machines back on!
gold citadel shall keep the newly liberated capital and go on the prowl
i feel horribly conflicted, as am simultaneously wishing
- for early exit from aussie gold mine n mill so as to engage w/ more hong kong real estate
- for early exit from hk real estate to engage w/ still more aussie gold assets
- front-run the chinese cousins or be
- run-over by the same chinese cousins
- for gold price to go down so i can short more puts
- for gold price to go up so i can short more calls
must pray and prey, last man standing macro death match style, but no longer knowing whether going or coming, in-de-flating or de-in-flating
there is much god's work to be done, something about wet-working the weak hands and so boosting the rebellion's strengthening hands
in any case, my starter-set of mining 101 for dummies arrived in the mail, along w/ the latest nat geo mining 102 for graduates of 101
From: A
Sent: Friday, October 19, 2012 10:43 PM
Subject: Re: Comments - Week of October 15
J, make sure you have a box of tissues on hand :)
| The Monaco of China: 100% Upside If Left Unchecked | | By Peter Churchouse, Founder, The Asia Hard Assets Report | Friday, October 19, 2012
|
Back in the days leading up to the handover of Hong Kong to China in June 1997, I said Hong Kong could become "The Monaco of China."
That has happened…
The city is now a target for wealthy property buyers from the big elephant market to its north, China. Hong Kong's low tax base, ease of doing business, open capital system, and free-and-easy lifestyle has attracted people and money from China to Hong Kong.
Thanks to the "Monaco of China" effect, people from mainland China are now buying about 30% of the properties in Hong Kong above US$1.5 million in price. Locals here in Hong Kong are now rightfully worried that the Chinese are pushing prices up.
There is more to come. Courtesy of Mr. Bernanke in the U.S. (and Mr. Draghi in Europe), Hong Kong asset prices are likely to continue to face upward pressure for years to come.
Left to its own devices, it is entirely possible that Hong Kong residential prices could rise 100% from here over the course of the next three years.
We have a number of reasons why this could happen now…
| 1. | Bernanke's announcement of "QE3" simply told Hong Kong property investors that they have years to take advantage of low interest rates in Hong Kong to make money from real estate. | | | | | 2. | Mortgage rates in Hong Kong are now at record lows around 2.2%, and are set to remain low for some time to come, which could fuel a bubble. | | | | | 3. | Household incomes in Hong Kong are growing at about 6% a year, and unemployment is only around 3.5%. Both of these trends put solid upward pressure on property prices. | | | | | 4. | There's little new supply of residential properties in Hong Kong. Annual housing production is only about half of its long-term average. Meanwhile… | | | | | 5. | There's plenty of demand… beyond the "Monaco of China" effect on high-end properties. |
The thought of a 100% rise in Hong Kong residential prices over the next three years might sound outrageous at first. But it has happened before…
In the two years from late 1995 to late 1997, prices rose by around 100%. However, the Asian Crisis and years of deflation since the beginning of this century have meant that prices in real terms now are about the same as 1997.
There have been other episodes of very sharp escalation of property prices in Hong Kong. For example, in the three years leading up to the end of 1980, residential prices moved up by between 100% and 120% PER ANNUM. Now that is a bubble!
The key caveat here in this 100% upside idea is the phrase, "left to its own devices."
You see, the Hong Kong property market is unlikely to be left to its own devices…
The Hong Kong government and its central bank worry about property bubble conditions emerging. Evasive action has been and is continuing to be taken. Further policy measures could well be introduced if prices continue the pace of growth seen in recent months.
Still, the balance of risk for residential property prices is more to the upside than the downside.
So how should you trade this?
The shares of the major property developers in Hong Kong should be big beneficiaries from the conditions we see prevailing in the Hong Kong property markets over the coming couple of years.
Property developers have the potential for decent earnings increases, from both increases in construction as well as potentially rising prices. The main overhang for these stocks is the risk of further policy actions aimed at curbing demand and price pressures.
The Hong Kong housing market is dominated by approximately six major developers who routinely produce at least 70% of the city's new private housing. Current easy money policies will play very well to rising earnings prospects in the coming three to four years for these major developers.
This list includes Sun Hung Kai Properties (0016:HK), Cheung Kong (0001:HK), Henderson Land (0012:HK), Sino Land (0083:HK), and New World Development (0017:HK).
These stocks are all trading at deep 30%-50% discounts to underlying net asset values with average 2012 price-to-earnings ratio of around 15 times. They also pay very respectable dividends with an average expected yield of a little over 3% for the current year.
These are the big blue chips, and they are attractive today for investors who can easily trade Hong Kong shares.
For U.S. individual investors, the simplest, most-liquid way to buy a basket of the major Hong Kong blue chips (that includes these names) is to buy the iShares MSCI Hong Kong Index Fund (symbol: EWH).
With a pile of positive indicators that should remain in place for years, combined with reasonable valuations, Hong Kong property developers are a buy in my book.
Sincerely,
Peter Churchouse
Founder, Asia Hard Assets Report
From: H
Sent: Friday, 19 October 2012, 16:24
Subject: Re: Comments - Week of October 15 - class struggle
Yes, he has undeniably some entertainment value. His perpetually perplexed facial expression makes him look more harmless than he is however.
On Thu, Oct 18, 2012 at 9:47 PM, A wrote:
He is good comedy though, a real throwback to the 1970's style loony left-wingers.
From: H
Sent: Thursday, 18 October 2012, 20:12
Subject: Re: Comments - Week of October 15 - class struggle
This cretin Hollande has now outlawed homework for school children because it is allegedly 'not fair' - to be replaced by more tutoring by teachers that have yet to be hired (and which France cannot afford).
On Wed, Oct 17, 2012 at 6:50 AM, M wrote:
Gotta be bullish on art after this decision!
M
ft.com
After incurring the wrath of business with a 75 per cent income tax rate and jump in capital gains tax, François Hollande’s government has quashed proposals to tax works of art owned by the wealthy following protests from France’s cultural establishment.
Jean-Marc Ayrault, the prime minister, put his foot down on Tuesday, saying the government would not accept an amendment to its tax-heavy 2013 budget put forward from within the ruling Socialist party to include all works of art worth more than €50,000 in the newly increased wealth tax. |
