No doubt there's a lot of useless babble on it but there's actually some use for facebook as a "one to many" way of keeping a lot of people up to date with what's happening in an area of common interest. I suspect that there will be more commercial interest in the future. I note that Vad is there - any real value, do you think Vad?
I signed up as a requirement to create a presence for a non-profit that I'm involved in. One of my "friends" (actually a good friend) posts photos while on vacation, and I get to see them automatically, rather than him needing to email me link to flickr or picasa and me having to click on it.
How much value to put on this is "in the eye of the beholder". I know one person who won't be looking to buy in :-)
At the back of my mind I have a concern about US trusts such as HGT, such that they can be wound up if their revenue streams fall below some threshold. Sorry I can't remember the details, but you may want to research this before putting any hard earned cash into them. Should you find something interesting, please publish it here.
A little anecdote to add to Davefairtex's discussion on money. Fiat is not always money either.
Last year I went to the UK on vacation and attempted to use a 20 pound note that I had from a previous visit. The store would not accept it. Apparently the note had been rendered obsolete by a new design intended to reduce counterfeiting, so was no longer even currency. Fortunately I could still swap it for a replacement at a bank, but as I said to my friend, it wouldn't have happened with a gold coin. So Dave, don't bury your paper stash too deep.
AXU - silver miner released some nice drill results on Thursday, nice move on Friday and very impressive today. "Green" touch, they also make money cleaning up the mess left by previous "not too responsible" miners.
Long AXU from a while back, and still underwater :-(
Big volume surge in UXG in the last 20 minutes today, perhaps short covering, perhaps the shadow knows something. I'm long, but don't see anything that indicates we'll see $7 anytime soon.
As a result Metallica have signed up to play festivals in Germany as well as dates in Britain and Austria at which they play the classic record, 1991's "The Black Album" in full.
"Over the next few years, the dollar will be stronger and the euro weaker, and if that's the case, I want to take advantage of that by playing more of these shows now, because they will be more profitable for us," he said.
I just hope Kinross is better at spreadsheets than I am. Looks to me that Ecuador negotiated a precedent setting deal - probably has other governments drooling. I would not want to play poker with Correa. That said, Fruta del Norte must be even better than originally disclosed. I have an instinctive feeling that Tye Burt is a serious deal maker but it hasn't shown up in the KGC share price lately.
FD long KGC, originally as a result of Aurelian takeover.
Bill, I want to wish you a successful surgery and speedy recovery from whatever it may be that ails you.
I think a lot of the negativity recently is probably from frustration at what is happening to our world that is beyond our control, and that can be a damaging source of stress.
I like to smile at the morning, grateful for a new day, and smile before sleep thankful for good things in the day past. What's a royal pain in the ---- is waking in the middle of the night trying to resolve an issue left unfinished!
Thank you for this blog.
Grym:
"Perhaps 70% was never the case, all I know is that has long been said to be so."
I've often wondered about this, whether its one of those lies that's repeated so often that we accept it. The implication is that we're only 30% production. So how can that be? Is it because the reserve status of the dollar allows us to consume more than twice what we produce?
I have the uncomfortable feeling that this question is in the DENSA finals :-(
(Reuters) - China's Shandong Gold Group, the parent of Shandong Gold Mining (600547.SS) and a big gold producer, has made a $1 billion offer to acquire Brazil's Jaguar Mining (JAG.N) (JAG.TO), two sources close to the deal told Reuters on Wednesday.
Shandong Gold is offering $9.3 per share in cash, a 73 percent premium to Jaguar's Tuesday close in New York.
The downside for us lazy "buy and hold" types is that every takeover, while nice if your entry was good, means more work required to reinvest the proceeds.
Nov 11 (Reuters) - Canada's Crocodile Gold Corp reported a quarterly loss, partly due to higher costs, and lowered its gold production forecast for 2011 as it expects much lower-than-expected head grades at its open pit mines in northern Australia.
Shares of the company fell as much 19 percent and touched a more than two-year low of 44 Canadian cents.
The forecast reduction was also due to a delay in operations at its Cosmo mine in northern Australia, the company said in a statement.
Toronto-based Crocodile cut its gold production outlook for the year to 66,000-69,000 ounces at a cash cost of $1,400-$1,500 per ounce in 2011, from its earlier forecast of 85,000-100,000 ounces, with a cash cost of $875-$975 per ounce.
The company reported a third-quarter net loss of $6.1 million, or 2 cents a share. In the same quarter last year, it posted a net income of $2.4 million, or 1 cent a share.
No doubt there's a lot of useless babble on it but there's actually some use for facebook as a "one to many" way of keeping a lot of people up to date with what's happening in an area of common interest. I suspect that there will be more commercial interest in the future. I note that Vad is there - any real value, do you think Vad?
I signed up as a requirement to create a presence for a non-profit that I'm involved in. One of my "friends" (actually a good friend) posts photos while on vacation, and I get to see them automatically, rather than him needing to email me link to flickr or picasa and me having to click on it.
How much value to put on this is "in the eye of the beholder". I know one person who won't be looking to buy in :-)
At the back of my mind I have a concern about US trusts such as HGT, such that they can be wound up if their revenue streams fall below some threshold. Sorry I can't remember the details, but you may want to research this before putting any hard earned cash into them. Should you find something interesting, please publish it here.
Certainly seems that a few are speculating it'll happen.
FD long LEXVF from long ago :-(
Pre-Feasibility Study Shows After-Tax NPV of US$416m and IRR of 31% (At $1,300/oz gold price)
http://finance.yahoo.com/news/PMI-Set-Q3-2012-Deve...
Sounds promising, but as my grandmother used to say, "There's many a slip 'twixt cup and lip"
FD long PMVGF
A little anecdote to add to Davefairtex's discussion on money. Fiat is not always money either.
Last year I went to the UK on vacation and attempted to use a 20 pound note that I had from a previous visit. The store would not accept it. Apparently the note had been rendered obsolete by a new design intended to reduce counterfeiting, so was no longer even currency. Fortunately I could still swap it for a replacement at a bank, but as I said to my friend, it wouldn't have happened with a gold coin. So Dave, don't bury your paper stash too deep.
Anyone else having problems or is it just me?
Edit: Back up now.
AXU - silver miner released some nice drill results on Thursday, nice move on Friday and very impressive today. "Green" touch, they also make money cleaning up the mess left by previous "not too responsible" miners.
Long AXU from a while back, and still underwater :-(
Big volume surge in UXG in the last 20 minutes today, perhaps short covering, perhaps the shadow knows something. I'm long, but don't see anything that indicates we'll see $7 anytime soon.
I think by CTA is meant Cara Trading Advisers.
As a result Metallica have signed up to play festivals in Germany as well as dates in Britain and Austria at which they play the classic record, 1991's "The Black Album" in full.
"Over the next few years, the dollar will be stronger and the euro weaker, and if that's the case, I want to take advantage of that by playing more of these shows now, because they will be more profitable for us," he said.
http://uk.finance.yahoo.com/news/Rockers-Reschedul...
I just hope Kinross is better at spreadsheets than I am. Looks to me that Ecuador negotiated a precedent setting deal - probably has other governments drooling. I would not want to play poker with Correa. That said, Fruta del Norte must be even better than originally disclosed. I have an instinctive feeling that Tye Burt is a serious deal maker but it hasn't shown up in the KGC share price lately.
FD long KGC, originally as a result of Aurelian takeover.
Bill, I want to wish you a successful surgery and speedy recovery from whatever it may be that ails you.
I think a lot of the negativity recently is probably from frustration at what is happening to our world that is beyond our control, and that can be a damaging source of stress.
I like to smile at the morning, grateful for a new day, and smile before sleep thankful for good things in the day past. What's a royal pain in the ---- is waking in the middle of the night trying to resolve an issue left unfinished!
Thank you for this blog.
Finding and cleaning out your smartphone’s Carrier IQ poison:
http://www.zdnet.com/blog/networking/finding-and-c...
I have a GTC bid for 3k limit 1.43 AON for PNPFF that wasn't filled. Anyone know how that can happen?
Apologies if already posted.
Young Paddy bought a donkey from a farmer for £100.
The farmer agreed to deliver the donkey the next day...
The next day he drove up and said, 'Sorry son, but I have some bad news.
The donkey's died.'
Paddy replied, 'Well then just give me my money back.'
The farmer said, 'Can't do that. I've already spent it.'
Paddy said, 'OK, then, just bring me the dead donkey.'
The farmer asked, 'What are you going to do with him?'
Paddy said, 'I'm going to raffle him off.'
The farmer said, 'You can't raffle a dead donkey!'
Paddy said, 'Sure I can. Watch me. I just won't tell anybody he's dead.'
A month later, the farmer met up with Paddy and asked, 'What happened with that dead donkey?'
Paddy said, 'I raffled him off.
I sold 500 tickets at two pounds a piece and made a profit of £898'
The farmer said, 'Didn't anyone complain?'
Paddy said, 'Just the guy who won.
So I gave him his two pounds back.'
Paddy now works for the Royal Bank of Scotland ....
Grym:
"Perhaps 70% was never the case, all I know is that has long been said to be so."
I've often wondered about this, whether its one of those lies that's repeated so often that we accept it. The implication is that we're only 30% production. So how can that be? Is it because the reserve status of the dollar allows us to consume more than twice what we produce?
I have the uncomfortable feeling that this question is in the DENSA finals :-(
(Reuters) - China's Shandong Gold Group, the parent of Shandong Gold Mining (600547.SS) and a big gold producer, has made a $1 billion offer to acquire Brazil's Jaguar Mining (JAG.N) (JAG.TO), two sources close to the deal told Reuters on Wednesday.
Shandong Gold is offering $9.3 per share in cash, a 73 percent premium to Jaguar's Tuesday close in New York.
http://www.reuters.com/article/2011/11/16/us-jagua...
FD long JAG.
The downside for us lazy "buy and hold" types is that every takeover, while nice if your entry was good, means more work required to reinvest the proceeds.
http://www.youtube.com/watch?v=_M8fOwHnwg0
Not the quality of tradelady's son, but cute to end the weekend.
Jock, news today:
Nov 11 (Reuters) - Canada's Crocodile Gold Corp reported a quarterly loss, partly due to higher costs, and lowered its gold production forecast for 2011 as it expects much lower-than-expected head grades at its open pit mines in northern Australia.
Shares of the company fell as much 19 percent and touched a more than two-year low of 44 Canadian cents.
The forecast reduction was also due to a delay in operations at its Cosmo mine in northern Australia, the company said in a statement.
Toronto-based Crocodile cut its gold production outlook for the year to 66,000-69,000 ounces at a cash cost of $1,400-$1,500 per ounce in 2011, from its earlier forecast of 85,000-100,000 ounces, with a cash cost of $875-$975 per ounce.
The company reported a third-quarter net loss of $6.1 million, or 2 cents a share. In the same quarter last year, it posted a net income of $2.4 million, or 1 cent a share.
Revenue was flat at $30.6 million.
Tradylady, I agree; I think he's done a fine job.