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

To: energyplay who wrote (98950)	3/3/2013 1:40:04 AM
From: TobagoJack	1 Recommendation Respond to of 219961

yeup, we know where the ore body be, and the direction of the vein what we need to make sure is the grade, over burden, and work out the details w/ land owners / ranchers beats 'exploration' from maps w/o 'Xs' marked :0) we are only going deeper, looking for sulfide where oxide already are known to be

To: energyplay who wrote (98950)	3/3/2013 2:13:43 AM
From: elmatador	Respond to of 219961

Buffett: “Charlie and I have again donned our safari outfits and resumed our search for elephants”. “Our elephant gun has been reloaded, and my trigger finger is itchy.” Mr Buffett, known as the “Sage of Omaha” for his unparalleled investment record over almost five decades, also criticised fellow chief executives for their unwillingness to invest. Buffett on safari for another big deal By Dan McCrum in New York Warren Buffett said that his “subpar” investment performance in 2012 was a disappointment but that he and Berkshire Hathaway vice-chairman Charlie Munger were on the prowl for big companies to add to their sprawling conglomerate. The investors last month sealed a deal to invest $12bn in the $28bn buyout of ketchup maker Heinz, with private equity group 3G Capital. “Our elephant gun has been reloaded, and my trigger finger is itchy.”In his annual letter to shareholders Mr Buffett saidthat “Charlie and I have again donned our safari outfits and resumed our search for elephants”. Mr Buffett, known as the “Sage of Omaha” for his unparalleled investment record over almost five decades, also criticised fellow chief executives for their unwillingness to invest. “There was a lot of hand-wringing last year among CEOs who cried ‘uncertainty’ when faced with capital allocation decisions,” he said, while Berkshire had increased its capital spending 19 per cent on the year before, to $9.8bn, and expected the rate to increase in 2013. The group also spent $2.3bn last year on 26 small deals to add to existing subsidiaries or their business units. “If you are a CEO who has some large, profitable project you are shelving because of short-term worries, call Berkshire. Let us unburden you,” Mr Buffett said. The 2012 year was one of just nine years in the last 48 years that the book value per share at Berkshire Hathaway – the metric by which Mr Buffett judges his performance – has failed to beat the performance of the S&P 500. The US stock market returned 16 per cent in 2012, including dividends, while the value of Berkshire increased 14.4 per cent. If Mr Buffett trails the market again this year, it will be the first time that he will have lagged behind the S&P 500 over a five-year period, and a potential sign that the $250bn company has become too large to grow. Mr Buffett said that “Berkshire’s intrinsic value will over time likely surpass the S&P returns by a small margin”. He also noted that his two investment managers, Todd Combs and Ted Weschler, “left me in the dust” as they outperformed the S&P by “double-digit margins”. The two men each manage $5bn, which includes capital for the pension funds of some Berkshire subsidiaries. Mr Buffett also provided further details of Berkshire’s investment in Heinz, indicating that the conglomerate will take a controlling stake in the baked bean manufacturer over time. He said Berkshire and 3G had each committed $4bn in equity to the deal. Berkshire has also invest $8bn in Heinz preferred shares paying a 9 per cent dividend that will be redeemed at a premium “at some point”. They came with warrants permitting Berkshire to buy 5 per cent of the company at a nominal price. Berkshire A shares have risen more than a third since the start of 2012, to $152,750 per share.