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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (97233)	12/20/2012 7:52:40 PM
From: TobagoJack	Read Replies (1) \| Respond to of 220026

what yields 10% per annum in gold terms, w/ downside protection and is secured by hard mortgage and equity? given the 'evident' bear market of gold and imminent recovery of the empire's economy, i guess i am the idiot for having just accepted a 50% re-definition / allocation of original equity funding for jacko mining as a gold loan. i still maintain all original share issuance. the re-definition / allocation of equity to gold loan is simply for the purpose of prioritized and preferred return to cash contributors ahead of the free-carry management group (of which i am also a part) and to make sure that should the management fail to deliver, they lose everything worthwhile to the cash contributors. in broad strokes, the gold loan (i) is under freedom hong kong law (ii) yields 10% per annum w/ monthly interest accrual (iii) features default interest of 20% per annum (iv) repayment starts on the sixth month after start of production (v) production must start w/i four month from today, else default event (vi) the loan amount and interest is denominated in terms of 9999 gold bars (vii) no withholdings / no deductions (viii) the principal amount is pegged at aud 1,689 (~usd 1,770) / oz 9999 gold, and should there be a shortfall on actual repayment dates, more gold must come across the table (ix) the gold loan is secured against all shares of the management, and all mortgage of the underlying mining and milling assets i am now about as ready for sub 1,000 gold as i am ever likely to be, and must get the gold, focus on the gold, as long as gold can be extracted from the waste lands at cost south of aud 550 per oz. i want expensive gold. i want cheap gold. i just want gold. i am not in the mining business. am in the banking business and the salvation enterprise. we are now in the process of: (i) adding to processing capability (to process sulfide ore in addition to oxide ore) (ii) adding to capacity (from current 150,000 tons of rock to 300-450k tons of rock) (iii) adding to reserve (by strategic / 'feudal' co-production deals, and by 'archeological' drilling where Xs mark the spot per historical oxide ore mining to take measure of sulfide goodies, from initial 120k oz to current ~500k oz, and shooting for magical 1.5-2m oz jorc reserve) (iv) adding to enterprise bulk (may take down 1-2 distressed companies) (v) holding discourse w/ jews and chinese of many flavors (i wonder what they all seem to know that bernanke supposedly does not?!) and am wondering who the chosen people could be, and no, we do not discriminate but welcome all money-good folks who wish to back up on our short quest for eternal gold. although i must note that the jewish folks are being perhaps too clever with complicated deal terms even as the chinese folks are being very eager for simple salvation. simplicity works better. (vi) office decoration gradually but assuredly changing, and little jack likes the new highlights :0) whole lot of shells, pile of precious, bit of oxidized rock, ingot of antimony that pollutes the gold goodness, and a drum of shredded hk dollars courtesy of the hkma (hk monetary authority - 'central' bank) , that which underpins the entire undertaking let us hope that the hkma is successful in 2x4, 4x8, 8x16 slamming of hk real estate, so that as and when capital returns hk real estate is cheaper in gold terms allowing a macro win-win before hk dollar get re-valued up, permitting another follow-on win-win. and let us hope that china no-hard-landing enables aussie mining valuation recovery to complete the winning circuit and tee-ing up win-win-win-win-win-and-win