POLITICAL CORRECTNESS WILL BITE YOU ON THE ARSE
Political Correctness. What does it mean? The Dictionary, basically says: "the avoidance of forms of expression that are perceived to exclude, marginalise or insult groups of people."
OK that's what it used to mean. Now let me tell you what it means: Political Correctness has been taken in its meaning a lot further than the dictionary describes and may have a more sinister and explosive consequences. The greatest and most descriptive and actions resulting from "political Correctness" may be played out in front of our eyes in the coming days or months.
Before I explain, let me remind you that the United States and its allies destroyed a middle eastern country Iraq because it "assumed" it had weapons of mass destruction. After multiple inspections by Global inspectors from Global authorities in Iraq, NO weapons resembling Weapons of Mass Destruction were found. Result: Invade, bomb, kill and destroy the fabric and future of Iraq.
NOW, we have North Korea openly displaying its nuclear arsenal and threatening to bomb and destroy Japan, Guam Island, home to 24,000 US troops and equipment, and their families. N.Korea is now firing rockets over Japan and recently exploded a Hydrogen Bomb (a thermal nuclear bomb) underground in its facility. This bomb is 10 times more powerful than the standard nuclear bomb dripped on Hiroshima Japan.
SO WHAT DOES THIS HAVE TO DO WITH POLITICAL CORRECTION YOU ARE ASKING YOURSELF.
The United States and its allies are more worried about political correctness than saving their own people and their own sovereignty. This statement sounds unbelievable, but it is absolutely true. Get one thing straight: Kim Jun Un is a madman, his goal is to go down in history as the guy that took on the world and won. Its not about life, its about death to him.
The world blows up Iraq and Libya because they may have been a threat. WHAT A JOKE. N. Korea is a threat that is real and now to the civil world and everyone is waiting for him to fire the rockets, before they act. "THIS IS POLITICAL CORRECTNESS" I think that when N.Korea "lets go with its first big bomb" it will be a wave of bombs. It will be Japan, Guam, Australia, the US and as many of its territories that N.Korea's arsenal can reach. It will be a machine gun of rockets.
The White House cannot make a decision they know its right because they have people like CNN and other channels and newspapers will condemn him and his administration for not trying to solve the situation without a war. Fuck CNN and the rest of the hypocrites, Mr Trump you are fucked either way. The only difference is if you act first you will save a lot of destruction lives of innocent people.. The People of N. Korea have chosen to follow Kim Jun Un, they have to take the consequences. This is the way it is.
Kim Jun Un knows he cannot defeat the US and its allies, he is a madman but not dumb. He is going to go out with a bang and wants to be remembered by the world for eternity.
ITS JUST A QUESTION OF HOW MANY N.KOREA CAN FIRE BEFORE BEING TAKEN OUT.
THIS IS THE NEW POLITICAL CORRECTNESS OF THE NEW POLITICIANS.
Don't get me started on the moron we have running Australia and Political correctness.
You only have to read some of my earlier blogs to work him out.
Friday, September 15, 2017
Saturday, August 12, 2017
WHY HIGH ELECTRICITY PRICES IN AUSTRALIA AND WHAT DOES IT ACHIEVE
BY CLOSING OUR COAL FIRED POWER STATIONS? I predict $1.00 Kwh by 2025.
The average power bill in an Australian family home at the current rate of power rating increases by 2025 will be $8,500 per month. Forget air conditioners and heaters, forget hot water systems, forget trying to charge your "electric car" they will be a luxury. You will be able to afford a little TV a couple of lights and a gas stove. Sound frightening?. You better believe it, its coming, like the sun will rise tomorrow.
I started out investigating, why, we have such high electricity prices to the extreme effect that running your own generator on diesel may be cheaper than buying off the state power grids. I will in this Blog do the numbers.
The Green party of Australia do not want to have Coal Fired Power Stations in Australia. We all know, Coal is the cheapest form of energy source to make electricity. (we use it to heat the water to make steam which drives the turbines to make electricity) The Greens have been forcing the closure of the power stations and the banning of mining coal in Australia through various means and media events and rallies from unsuspecting and dumb Australians who just want to have a rally without really knowing the consequences. Its not driven by common sense its all driven by politics and vacant minds with nothing else to do. After the rallies of closing coal fired power stations, their next rally will be "power and electricity prices too high" This is the way of the 21st century. The left hand not knowing or looking lon enough into the future to see what the right hand is going to do next.
Question: where does the smoke with the pollution go when coal burns? Answer: into the atmosphere.
Greens are happy to let the Chinese buy the Aussie Coal to make cheap electricity and send the smoke and pollution into the atmosphere. Maybe they dont realise China and Australia live on the same planet with the same atmosphere. If its OK for the Chinese to do it and make cheap electricity and put the smoke into the atmosphere then why cant we in Australia do the same thing. 90% of the dangerous pollutants in the smoke from burning the coal are taken out before being released into the atmosphere in Australia, but in China there are no restrictions or carbon, CO2 emissions, being sent into the atmosphere and no filters or technology to reduce the carbon effect in China. The Chinese are happy to live with the pollution instead of spending money to reduce the pollution.
So by sending Coal to China is OK for the greenies, so they can assist China polluting the planet and get cheap electricity whilst we in Australia just pay higher prices and approve of China using our Coal pollute the planet. Three (3) million people a year die from pollution in China every year. "World Health Organisations data". That's the same as the whole population of Queensland dying each year. The pollution comes from varying places, Coal only being a small contributor. Most comes form the millions of cars, tractors, machinery, metal and mineral smelting and steel works.
We have the greatest reserves of coal in the world apart from China. They want to burn our coal before using their own. Here are some facts;
China released into the Atmosphere between 2003 and 2013... 10 Billion metric tonnes of CO2 emissions into the atmosphere.
China released just in 2015 alone, 20,864 Million tonnes of Sulphur Dioxides into the atmosphere.
Deaths per 100,000 from Pollution in China is 76 persons per 100,000 persons per year.
The USA is 12 persons per 100,000 persons per year dying from air pollution.
Now the biggest polluter in the world, the Chinese have joined the Paris accord for Climate change for the reduction of Co2 and pollution emissions and all the world health organisations are clapping about the great event. (what a fucking joke).
The USA understands that with China emitting millions of tonnes per year of pollution into the atmosphere, They say "what the hell is the point of staying in the Paris accord". China is going to kill the world all by itself. Why would the Paris Accord, the "world police" on global pollution be clapping at the worlds greatest polluter joing their accord?. This is called politics.
By Australia selling China, the Australian coal and China, not using any technology, to reduce the pollution emissions, we have the Greens saying, "what a great deal it is to have us pay $0.58c per kilowatt hour for power in South Australia" whilst China pays 1/10th of that. Australian Coal, Coking Coal for the China smelters and our thermal coal to drive the hungry power stations. Its just a question of time before China uses the entire Coal reserves in Australia. When that happens, the cost of electricity in Australia will be 40% of the annual wage of wage earners in Australia. Whislt we will only have limited power, China will then switch to their own Coal which is not exported and continue the pollution. We in Australia wont even be able to afford the air conditioning or the filters to filter out the pollution. Are our political leaders SO DUMB.? The answer is YES.
What would you rather have? Australian technology that reduces the pollution at our Coal fired power stations and produces cheap electricity with little or no pollution for the next 200 years, OR sell it to China to pollute the world and supply them with cheap energy, Its only a matter of time before we run out of coal, if the current situation stays the same.
Dopey Malcolm Turnbull has finally worked out the Gas being sold overseas is leaving very little or none for the Aussie and "limpley" done next to nothing about it, so what about the Coal Malcolm?? The big move to wind energy wont work, we will have thousands of wind towers in Australia, but no one has worked out how often they have to be replaced. Every 4 years they have to be rebuilt. Who is going to rebuild them. Lucky to find an Aussie who will lift a spanner these days.
Have you ever watched Malcolm Turnbull walk lately. How now walks with his left hand in his pants pocket and walks like he has a swollen testicle on his right side. I wonder why?
Turnbull is going to be remembered like the former Queensland Premier Peter Beatty, the guy who did nothing the who time he was in politics. So far Malcolm has no legacy. Turnbull appears to be the "flake" we all thought he was. He is proving it now. Gay marriage appears to be more important than the well being of all Australians.
BY CLOSING OUR COAL FIRED POWER STATIONS? I predict $1.00 Kwh by 2025.
The average power bill in an Australian family home at the current rate of power rating increases by 2025 will be $8,500 per month. Forget air conditioners and heaters, forget hot water systems, forget trying to charge your "electric car" they will be a luxury. You will be able to afford a little TV a couple of lights and a gas stove. Sound frightening?. You better believe it, its coming, like the sun will rise tomorrow.
I started out investigating, why, we have such high electricity prices to the extreme effect that running your own generator on diesel may be cheaper than buying off the state power grids. I will in this Blog do the numbers.
The Green party of Australia do not want to have Coal Fired Power Stations in Australia. We all know, Coal is the cheapest form of energy source to make electricity. (we use it to heat the water to make steam which drives the turbines to make electricity) The Greens have been forcing the closure of the power stations and the banning of mining coal in Australia through various means and media events and rallies from unsuspecting and dumb Australians who just want to have a rally without really knowing the consequences. Its not driven by common sense its all driven by politics and vacant minds with nothing else to do. After the rallies of closing coal fired power stations, their next rally will be "power and electricity prices too high" This is the way of the 21st century. The left hand not knowing or looking lon enough into the future to see what the right hand is going to do next.
Question: where does the smoke with the pollution go when coal burns? Answer: into the atmosphere.
Greens are happy to let the Chinese buy the Aussie Coal to make cheap electricity and send the smoke and pollution into the atmosphere. Maybe they dont realise China and Australia live on the same planet with the same atmosphere. If its OK for the Chinese to do it and make cheap electricity and put the smoke into the atmosphere then why cant we in Australia do the same thing. 90% of the dangerous pollutants in the smoke from burning the coal are taken out before being released into the atmosphere in Australia, but in China there are no restrictions or carbon, CO2 emissions, being sent into the atmosphere and no filters or technology to reduce the carbon effect in China. The Chinese are happy to live with the pollution instead of spending money to reduce the pollution.
So by sending Coal to China is OK for the greenies, so they can assist China polluting the planet and get cheap electricity whilst we in Australia just pay higher prices and approve of China using our Coal pollute the planet. Three (3) million people a year die from pollution in China every year. "World Health Organisations data". That's the same as the whole population of Queensland dying each year. The pollution comes from varying places, Coal only being a small contributor. Most comes form the millions of cars, tractors, machinery, metal and mineral smelting and steel works.
We have the greatest reserves of coal in the world apart from China. They want to burn our coal before using their own. Here are some facts;
China released into the Atmosphere between 2003 and 2013... 10 Billion metric tonnes of CO2 emissions into the atmosphere.
China released just in 2015 alone, 20,864 Million tonnes of Sulphur Dioxides into the atmosphere.
Deaths per 100,000 from Pollution in China is 76 persons per 100,000 persons per year.
The USA is 12 persons per 100,000 persons per year dying from air pollution.
Now the biggest polluter in the world, the Chinese have joined the Paris accord for Climate change for the reduction of Co2 and pollution emissions and all the world health organisations are clapping about the great event. (what a fucking joke).
The USA understands that with China emitting millions of tonnes per year of pollution into the atmosphere, They say "what the hell is the point of staying in the Paris accord". China is going to kill the world all by itself. Why would the Paris Accord, the "world police" on global pollution be clapping at the worlds greatest polluter joing their accord?. This is called politics.
By Australia selling China, the Australian coal and China, not using any technology, to reduce the pollution emissions, we have the Greens saying, "what a great deal it is to have us pay $0.58c per kilowatt hour for power in South Australia" whilst China pays 1/10th of that. Australian Coal, Coking Coal for the China smelters and our thermal coal to drive the hungry power stations. Its just a question of time before China uses the entire Coal reserves in Australia. When that happens, the cost of electricity in Australia will be 40% of the annual wage of wage earners in Australia. Whislt we will only have limited power, China will then switch to their own Coal which is not exported and continue the pollution. We in Australia wont even be able to afford the air conditioning or the filters to filter out the pollution. Are our political leaders SO DUMB.? The answer is YES.
What would you rather have? Australian technology that reduces the pollution at our Coal fired power stations and produces cheap electricity with little or no pollution for the next 200 years, OR sell it to China to pollute the world and supply them with cheap energy, Its only a matter of time before we run out of coal, if the current situation stays the same.
Dopey Malcolm Turnbull has finally worked out the Gas being sold overseas is leaving very little or none for the Aussie and "limpley" done next to nothing about it, so what about the Coal Malcolm?? The big move to wind energy wont work, we will have thousands of wind towers in Australia, but no one has worked out how often they have to be replaced. Every 4 years they have to be rebuilt. Who is going to rebuild them. Lucky to find an Aussie who will lift a spanner these days.
Have you ever watched Malcolm Turnbull walk lately. How now walks with his left hand in his pants pocket and walks like he has a swollen testicle on his right side. I wonder why?
Turnbull is going to be remembered like the former Queensland Premier Peter Beatty, the guy who did nothing the who time he was in politics. So far Malcolm has no legacy. Turnbull appears to be the "flake" we all thought he was. He is proving it now. Gay marriage appears to be more important than the well being of all Australians.
Saturday, March 4, 2017
AMERICA -DEMOCRATIC COUNTRY?
We all know that the "protector" of the free world is the USA. If it wasn't for America, we here in Australia would all be using chopsticks now instead of knives and forks and saying "Con Itchti Wa" instead of " Hello" I think we all get that. So whats changed?
A few years back "before the word "BUSH" become an internationally known family, the world lived in a relatively peaceful existence since world war 2." The Middle East was stable, even though ruled with the Gun, which as it turned out was the only way it could remain peaceful. So what changed? History tells us that it is not a country or a natural element that changes the course of history but in most cases "A MAN". Whether it be a God, or a Roman Emperor or a Chinese philosopher or a man that invented the atom bomb or the man that invented the flying machine or the telephone or electricity or the motor vehicle to name a few. IT IS ALWAYS A MAN.
In the case of the 20th Century a man named Bush became the president of the USA (America), and decades on we are all living with his and his family legacy. Saddam Hussein was the charismatic and ' so called, violent dictator" of Iraq, but it was peaceful, no one can argue with that. Bush was intent, now matter what, on ending Saddam's regime and set about the destruction of Iraq, he failed to complete the task but his son, Bush Jnr, promised Dad he would finish the job. This was the start of the jihadist revolution and the demise of world peace, as we knew it. We all now know how that finished up. Then the new Black U.S. President, Obama, came along and decided he would show how removing a dictator should be done and decided he would unseat the President of the
another peaceful Muslim County, for no real reason. There has never really been a real reason. Mr Gaddafi sitting in his tent in his native country of Libya minding his own business suddenly felt rockets landing beside him, that were being launched from offshore USA ships. In addition to this the USA "in their wisdom" armed neighboring jihadists to enter and destroy Libya, which eventually they did. The U.S. then prevented Mr Gaddafi from fighting back by grounding all of his fighter aircraft so he and his country were left defenseless and he and his country, eventually decapitated
THE REASONING FOR THESE UNWARRANTED ATROCITIES? - THE USA WANTS TO ALLOW THE PEOPLE OF A COUNTRY A "DEMOCRACY." The People Voted. Whats the problem?
Now look at the recent elections in the USA. A president named Trump, is democratically elected. Riots, marches, protests against the Government, calls for impeachment, opposition Democrats trying to bring the democratically government down.The "free Press" in particular CNN and the "non bias" haha, New York Times, doing nothing else on their channels and print, but stream negativity non stop 24 hours a day. At a Hong Kong 5 Star Hotel i recently stayed at they turned off the CNN channel and left the rest of the Foxtel going. They were sick of complaints from people staying at the 5 start Hotel of the CNN bias with no other news being streamed. It was so one sided it made people pewk.
Is this the DEMOCRATIC AMERICA?. America preaches Democracy to the whole world and starts wars and destruction to achieve it and in their own COUNTRY they don't accept it. WTF?
There is no question that the press whether CNN (CLINTON NEWS NETWORK) or the New York Post together with the opposition Democrats the USA is on the road to self destruction. The USA is going to tear itself apart.IT SEEMS ONLY THE REST OF THE WORLD CAN SEE IT. Unless there are some changes and quick.changes it will become irreparable. I think that its only a matter of time that someone will enter CNN and or the New York Times and show them what they think.
It seems that the U.S is no more Democratic that the places it starts wars in to "replace dictators"
.
We all know that the "protector" of the free world is the USA. If it wasn't for America, we here in Australia would all be using chopsticks now instead of knives and forks and saying "Con Itchti Wa" instead of " Hello" I think we all get that. So whats changed?
A few years back "before the word "BUSH" become an internationally known family, the world lived in a relatively peaceful existence since world war 2." The Middle East was stable, even though ruled with the Gun, which as it turned out was the only way it could remain peaceful. So what changed? History tells us that it is not a country or a natural element that changes the course of history but in most cases "A MAN". Whether it be a God, or a Roman Emperor or a Chinese philosopher or a man that invented the atom bomb or the man that invented the flying machine or the telephone or electricity or the motor vehicle to name a few. IT IS ALWAYS A MAN.
In the case of the 20th Century a man named Bush became the president of the USA (America), and decades on we are all living with his and his family legacy. Saddam Hussein was the charismatic and ' so called, violent dictator" of Iraq, but it was peaceful, no one can argue with that. Bush was intent, now matter what, on ending Saddam's regime and set about the destruction of Iraq, he failed to complete the task but his son, Bush Jnr, promised Dad he would finish the job. This was the start of the jihadist revolution and the demise of world peace, as we knew it. We all now know how that finished up. Then the new Black U.S. President, Obama, came along and decided he would show how removing a dictator should be done and decided he would unseat the President of the
another peaceful Muslim County, for no real reason. There has never really been a real reason. Mr Gaddafi sitting in his tent in his native country of Libya minding his own business suddenly felt rockets landing beside him, that were being launched from offshore USA ships. In addition to this the USA "in their wisdom" armed neighboring jihadists to enter and destroy Libya, which eventually they did. The U.S. then prevented Mr Gaddafi from fighting back by grounding all of his fighter aircraft so he and his country were left defenseless and he and his country, eventually decapitated
THE REASONING FOR THESE UNWARRANTED ATROCITIES? - THE USA WANTS TO ALLOW THE PEOPLE OF A COUNTRY A "DEMOCRACY." The People Voted. Whats the problem?
Now look at the recent elections in the USA. A president named Trump, is democratically elected. Riots, marches, protests against the Government, calls for impeachment, opposition Democrats trying to bring the democratically government down.The "free Press" in particular CNN and the "non bias" haha, New York Times, doing nothing else on their channels and print, but stream negativity non stop 24 hours a day. At a Hong Kong 5 Star Hotel i recently stayed at they turned off the CNN channel and left the rest of the Foxtel going. They were sick of complaints from people staying at the 5 start Hotel of the CNN bias with no other news being streamed. It was so one sided it made people pewk.
Is this the DEMOCRATIC AMERICA?. America preaches Democracy to the whole world and starts wars and destruction to achieve it and in their own COUNTRY they don't accept it. WTF?
There is no question that the press whether CNN (CLINTON NEWS NETWORK) or the New York Post together with the opposition Democrats the USA is on the road to self destruction. The USA is going to tear itself apart.IT SEEMS ONLY THE REST OF THE WORLD CAN SEE IT. Unless there are some changes and quick.changes it will become irreparable. I think that its only a matter of time that someone will enter CNN and or the New York Times and show them what they think.
It seems that the U.S is no more Democratic that the places it starts wars in to "replace dictators"
.
Wednesday, August 10, 2016
CHINA SYNDROME HITS ASX "
This story is going to be interesting to investors and why Aussies should stay away from ASX listed Companies that have Chinese shareholders as major shareholders. I cringed when I read the Annual Report of an ASX Listed Company named GLOBE METALS AND MINING NL.
I thought I had seen everything but this is proof that the China Syndrome, of Chinese run (puppet managed) investing in Australian Companies has arrived. We all know that the China Stock Markets are manipulated and corrupt. This is nothing new and well documented and the rate of executives on corruptions charges is testament to that theory. I wont dwell on that but these statistics are frightening and shows lack of fortitude, ability and reasoning for a Company to be operated under the noses of our regulators. This is a Company on paper but does not exist in the real sense of a Company. Why is it living.? How can an Aussie Managing Director hold his hand out for $A7,400 a week of shareholders money, for doing nothing? (and 4,000,000 options to boot.)
Total work done in 2 years: a Lab test on a sample in China and 17 trenches dug in Malawi. Thats it?
Announcements for the Year: 25 Announcements in all:
Twenty Two (22) of the Announcements were Statutory.Quarterly's/half years/general meetings etc.
One (1) Announcement that was not Statutory: 11th December 2015: Strategic Review: (see below)
Three (3) Announcements:
21st October 2014: Kanyica Nb2O Project Africa carried out in Laboratory in Guangzhou China. No further updates or reports since.
9th October 2014: Chiziro Graphite Project Malawi. Dug 17 trenches and had assayed.
24th November 2014: Extended the original trenches. Got more assays. Nothing since. That is the extent of the exploration since and during 2014. Everything else is just Statutory Announcements.
I thought there was a regulation in the ASX that cash boxes could not be listed on the ASX. This Company is the real definition of a CASH BOX.
GBE: Strategic Review:
Announcement: 11th December 2015 (3 paragraphs with Paragraph 1 and 3 the same)
Para 1: "Look for Global Investments outside the Mining and Metals Industry"
Para 2. "Company clearly establish and prioritise the areas in which its resources to be utilised to maximise return to shareholders."
Para 3. "Look for Global Investments outside the Mining and Metals Industry. (same as para 1)"
GREAT STRATEGY: means: Sit on our hands and do nothing.
So what did they do for the quarter: Nothing. For the Year: Nothing (paid Directors and staff)
CEO Annual Salary: $385,000 PA Plus 4,000,000 options. HOLDS NO SHARES IN THE COMPANY
DEPUTY CEO Salary: $360,000 PA plus 2,000,000 options Holds 76,962 shares in Company
Total Remuneration for Board for Year: $992,968
Projects: Couple of "has been" no value Projects worth Zip in three African Countries.
Total Expenditure on Exploration and Evaluation for the Year: $712,000 (how 1 sample tested in Guangzhou and 17 trenches dug and assayed.
Total Admin for the Year:............................................................$2,375,000
Here are the Major Quotes from the Annual Report....
"During the year, cash management, cost reductions and efforts to streamline operations" (then they credit their abilities)..(CONSIDERING THEY DONT HAVE ANY OPERATIONS)..."The Company's decision to undertake capital raising last year demonstrated good judgement to ensure long term survival" unquote.....(LONG TERM SURVIVAL FOR THE DIRECTORS NOT THE SHAREHOLDERS)
The Company has no operations except some graphite exploration ground in the middle of Africa and spent nothing on trying to make a go of it. Board Decision: Concentrate on long term survival.
Tell me what CEO gets paid $385,000 a year, plus 4 million Options, has nothing going for it. no work to do except manage the cash and raise money, "if it looks like we are not going to survive".
This is an Australia Mining Company!!!!! NO ITS NOT! ITS A CHINESE RUN AUSTRALIAN MINING COMPANY with Puppets at the top; Yes it gets worse.
TOP SHAREHOLDERS:
APOLLO Metals Investment Co Ltd 245,983,611 shares 52.37% BVI (Chinese)
AO-ZHONG International Minerals Pty Ltd 118,143,632 shares 25.15% AO ZHONG sounds Chinese to me. Total: 77,52% Well done
Anyway, as you can see the Chinese way of listed Companies has arrived. This is slowly becoming the norm. Raise the cash, protect the cash, manage the cash, ensure long term survival. Is this what it has come down to. How can a company be listed on the ASX. Oh Yeah the latest strategy::
Looking at possible trading opportunities between China and Australia. It appears through their detailed investigations and probing that they have "come to the conclusion that there maybe an opportunity in trading between both Countries...WELL DONE FOR PICKING THAT.
THATS WHY THE MD AND HIS DEPUTY ARE ON THE BIG BUCK$
This story is going to be interesting to investors and why Aussies should stay away from ASX listed Companies that have Chinese shareholders as major shareholders. I cringed when I read the Annual Report of an ASX Listed Company named GLOBE METALS AND MINING NL.
I thought I had seen everything but this is proof that the China Syndrome, of Chinese run (puppet managed) investing in Australian Companies has arrived. We all know that the China Stock Markets are manipulated and corrupt. This is nothing new and well documented and the rate of executives on corruptions charges is testament to that theory. I wont dwell on that but these statistics are frightening and shows lack of fortitude, ability and reasoning for a Company to be operated under the noses of our regulators. This is a Company on paper but does not exist in the real sense of a Company. Why is it living.? How can an Aussie Managing Director hold his hand out for $A7,400 a week of shareholders money, for doing nothing? (and 4,000,000 options to boot.)
Total work done in 2 years: a Lab test on a sample in China and 17 trenches dug in Malawi. Thats it?
Announcements for the Year: 25 Announcements in all:
Twenty Two (22) of the Announcements were Statutory.Quarterly's/half years/general meetings etc.
One (1) Announcement that was not Statutory: 11th December 2015: Strategic Review: (see below)
Three (3) Announcements:
21st October 2014: Kanyica Nb2O Project Africa carried out in Laboratory in Guangzhou China. No further updates or reports since.
9th October 2014: Chiziro Graphite Project Malawi. Dug 17 trenches and had assayed.
24th November 2014: Extended the original trenches. Got more assays. Nothing since. That is the extent of the exploration since and during 2014. Everything else is just Statutory Announcements.
I thought there was a regulation in the ASX that cash boxes could not be listed on the ASX. This Company is the real definition of a CASH BOX.
GBE: Strategic Review:
Announcement: 11th December 2015 (3 paragraphs with Paragraph 1 and 3 the same)
Para 1: "Look for Global Investments outside the Mining and Metals Industry"
Para 2. "Company clearly establish and prioritise the areas in which its resources to be utilised to maximise return to shareholders."
Para 3. "Look for Global Investments outside the Mining and Metals Industry. (same as para 1)"
GREAT STRATEGY: means: Sit on our hands and do nothing.
So what did they do for the quarter: Nothing. For the Year: Nothing (paid Directors and staff)
CEO Annual Salary: $385,000 PA Plus 4,000,000 options. HOLDS NO SHARES IN THE COMPANY
DEPUTY CEO Salary: $360,000 PA plus 2,000,000 options Holds 76,962 shares in Company
Total Remuneration for Board for Year: $992,968
Projects: Couple of "has been" no value Projects worth Zip in three African Countries.
Total Expenditure on Exploration and Evaluation for the Year: $712,000 (how 1 sample tested in Guangzhou and 17 trenches dug and assayed.
Total Admin for the Year:............................................................$2,375,000
Here are the Major Quotes from the Annual Report....
"During the year, cash management, cost reductions and efforts to streamline operations" (then they credit their abilities)..(CONSIDERING THEY DONT HAVE ANY OPERATIONS)..."The Company's decision to undertake capital raising last year demonstrated good judgement to ensure long term survival" unquote.....(LONG TERM SURVIVAL FOR THE DIRECTORS NOT THE SHAREHOLDERS)
The Company has no operations except some graphite exploration ground in the middle of Africa and spent nothing on trying to make a go of it. Board Decision: Concentrate on long term survival.
Tell me what CEO gets paid $385,000 a year, plus 4 million Options, has nothing going for it. no work to do except manage the cash and raise money, "if it looks like we are not going to survive".
This is an Australia Mining Company!!!!! NO ITS NOT! ITS A CHINESE RUN AUSTRALIAN MINING COMPANY with Puppets at the top; Yes it gets worse.
TOP SHAREHOLDERS:
APOLLO Metals Investment Co Ltd 245,983,611 shares 52.37% BVI (Chinese)
AO-ZHONG International Minerals Pty Ltd 118,143,632 shares 25.15% AO ZHONG sounds Chinese to me. Total: 77,52% Well done
Anyway, as you can see the Chinese way of listed Companies has arrived. This is slowly becoming the norm. Raise the cash, protect the cash, manage the cash, ensure long term survival. Is this what it has come down to. How can a company be listed on the ASX. Oh Yeah the latest strategy::
Looking at possible trading opportunities between China and Australia. It appears through their detailed investigations and probing that they have "come to the conclusion that there maybe an opportunity in trading between both Countries...WELL DONE FOR PICKING THAT.
THATS WHY THE MD AND HIS DEPUTY ARE ON THE BIG BUCK$
Thursday, August 4, 2016
the TRUMP EFFECT WHEN HE IS ELECTED
Coming Soon: The Trump effect. Why?. I predict that Trump will Win easily the US Presidential Election. I will post 800 days after he is elected to see how he has done. I predict he will make Global Politicians look like they are standing still. Just like Obama. Just held the reins for 8 years and kept the US in a time warp.
Thursday, July 21, 2016
LITHIUM METAL..The new wonder metal which is having the spotlight shone on it, because it is the current metal of choice as one of the metals used in the alloy to make Lithium Batteries. Like everything else once the price gets too high, they just find another metal. The producers of Batteries are always looking for a new way to make long lasting batteries for the least possible price. A Battery in the new low cost Tesla Car Cost $US11,000 and the Car Cost to make $US20,000 total $30,000.
Battery Cost: $US11,000 (lithium)
Car Cost Tesla new budget model: $US20,000
Car sells for : $US37,0000
OROCOBRE: ASX LISTED (ORE)
I have followed this company for a little while and am amazed that the so called analysts in Australia have not challenged the "SO obvious disparity" between the Company Reports and the actual figures used in the Cashflow reports lodged with the ASX on a quarterly Basis.
LATEST QUARTERLY REPORT: (ORE) Q2.
1. Report: Orocobre has produced 2971 tonnes of Lithium Carbonate (increase of 640 tonnes over last quarter) This is GOOD.
2. Average price for shipments $US7,500 (A$10,067) tonne assume $0.745 exchange rate). Quarterly also says: Significant back orders filled. This is GOOD.
OK SO LETS LOOK AT THE FINANCIAL REPORT (We have read how great things are)
1. ORE quarterly says, "2971 tonnes of Lithium Carbonate produced" assume the report above is correct: Revenue should be: $A29,909,396
This is GOOD
2. Report says: Revenue from Lithium for the Quarter: $A5,581,000 (this is equivalent to 653 tonnes of lithium????) What happen to the other 2,318 tonnes produced in the quarter.? This is NOT GOOD.
(Remember the revenue also includes the 9,274 tonnes of Borax Produced by Orocobre's 100% owned Argentina Borax Company. (THIS IS NOT GOOD)
3. Bottom Line: Total Production Costs in Report: $A5,888,000.(without admin costs $A3.5m and interest charges.
4. Take out other costs: Balance was $A2,670,000 loss. This is BAD.
SO SOMEWHERE BETWEEN THE REPORT OF PRODUCTION OF 2971 Tonnes of Lithium @
$A10,067 tonne (Should be revenue of :$A29.9m) we only have Revenue Reported of: $A5.6m in total revenue and that includes the 9,274 tonnes of Borax. Where did the $A23m evaporate to?? This is LOOKING WORSE.
There is no explanation in the report or the financials where the $$$ has floated into thin air. The Company seems to try to illustrate that, "We have so many orders to fill and have just managed to fill all the back orders with this great production, but has no cash to show for it."
IS THIS THE ULTIMATE SMOKE AND MIRROR SHOW.? CHAIRMAN RESIGNS. Says I am 60 years old and leaving to do other things...Considering the latest events probably a good move.
I just wonder why no-one not even the auditors or the ASX or the Great Analysts of Australia have not even bothered to read the report and the numbers. Obviously someone on the 21st July read it and the stock was bombed by a nearly 20% drop. I am not an analyst and don't pretend to be but I do read a lot and compute a lot and this one takes the cake and first prize.
I will leave you with this thought: Every trader knows that the ASX is a Casino, in a casino there a lot games and different games have different catch points, they are all about how to fool the person playing the game.You cant use a computer in the Casino but you can use a computer (algorithm) in the ASX. Go figure.
What is surprising is that ORE was basing the project initially at $US2,500 per tonne for the Lithium Carbonate. The price they are selling for now is $US6,500 per tonne. At $US6,500 per tonne ORE still cant make money, so one might reflect on what might have been if the Lithium market had been as they predicted $US2,500 per tonne. Macquarie has just released a report on Lithium expecting a glut of Lithium onto the market in early 2017 due to the recent price rise surge. If the price of Lithium does fall due to the expected glut then ORE will probably struggle to stay afloat and as a GOING CONCERN,based on their own figures.
Even on their latest figures ORE are going to have to raise cash shortly anyway. The expected doubling of production they estimate at a cost of $US40m will only add fuel to the fire that is currently a smolder but will surely deliver some heat to the bottom line.
Summary and Judgement: It appears that the production is happening, but not at the low cost they were expecting. Plenty of production but obviously not being sold. I think on this one you need to read between the lines. 1. Great Production 2971 tonnes of Lithium Carbonate. 2. Back orders filled. Then look at Revenue: Only $A5.6m in revenue. Can mean only one thing, product either not up to scratch and unable to sell as battery quality product or 2,300 tonnes still in stockpiles. No other explanation. The thing to remember for Lithium and the same for Graphite, both products used in A Grade Batteries. It is not all Lithium and all Graphite that can be used in making of batteries. It has to be a certain specification. In the case of Graphite only 99.8% Graphite Concentrate can be used in Batteries. 90% of producers cant get that quality. It is not the shortage of graphite and lithium making the market rise its the quality of the product that is making it rise because of the shortage of the premium quality to make the batteries. Need to read the fine print and do the DD on these types of minerals and their end use. Another mystery is: Why would the company be looking at doubling the output when: Still losing money at $US6,500 a tonne. Over stockpiled already. Market in oversupply in 2017 forecast. Reason: Raise the $40m to keep the current production alive is my only guess. Doesnt make sense to spend $US40m to double production just to double the losses. Also the bigger the plant the more power required and more costs incurred. They will just create an oversupply. Called exercise in futility. The start of creating their own demise.
Battery Cost: $US11,000 (lithium)
Car Cost Tesla new budget model: $US20,000
Car sells for : $US37,0000
OROCOBRE: ASX LISTED (ORE)
I have followed this company for a little while and am amazed that the so called analysts in Australia have not challenged the "SO obvious disparity" between the Company Reports and the actual figures used in the Cashflow reports lodged with the ASX on a quarterly Basis.
LATEST QUARTERLY REPORT: (ORE) Q2.
1. Report: Orocobre has produced 2971 tonnes of Lithium Carbonate (increase of 640 tonnes over last quarter) This is GOOD.
2. Average price for shipments $US7,500 (A$10,067) tonne assume $0.745 exchange rate). Quarterly also says: Significant back orders filled. This is GOOD.
OK SO LETS LOOK AT THE FINANCIAL REPORT (We have read how great things are)
1. ORE quarterly says, "2971 tonnes of Lithium Carbonate produced" assume the report above is correct: Revenue should be: $A29,909,396
This is GOOD
2. Report says: Revenue from Lithium for the Quarter: $A5,581,000 (this is equivalent to 653 tonnes of lithium????) What happen to the other 2,318 tonnes produced in the quarter.? This is NOT GOOD.
(Remember the revenue also includes the 9,274 tonnes of Borax Produced by Orocobre's 100% owned Argentina Borax Company. (THIS IS NOT GOOD)
3. Bottom Line: Total Production Costs in Report: $A5,888,000.(without admin costs $A3.5m and interest charges.
4. Take out other costs: Balance was $A2,670,000 loss. This is BAD.
SO SOMEWHERE BETWEEN THE REPORT OF PRODUCTION OF 2971 Tonnes of Lithium @
$A10,067 tonne (Should be revenue of :$A29.9m) we only have Revenue Reported of: $A5.6m in total revenue and that includes the 9,274 tonnes of Borax. Where did the $A23m evaporate to?? This is LOOKING WORSE.
There is no explanation in the report or the financials where the $$$ has floated into thin air. The Company seems to try to illustrate that, "We have so many orders to fill and have just managed to fill all the back orders with this great production, but has no cash to show for it."
IS THIS THE ULTIMATE SMOKE AND MIRROR SHOW.? CHAIRMAN RESIGNS. Says I am 60 years old and leaving to do other things...Considering the latest events probably a good move.
I just wonder why no-one not even the auditors or the ASX or the Great Analysts of Australia have not even bothered to read the report and the numbers. Obviously someone on the 21st July read it and the stock was bombed by a nearly 20% drop. I am not an analyst and don't pretend to be but I do read a lot and compute a lot and this one takes the cake and first prize.
I will leave you with this thought: Every trader knows that the ASX is a Casino, in a casino there a lot games and different games have different catch points, they are all about how to fool the person playing the game.You cant use a computer in the Casino but you can use a computer (algorithm) in the ASX. Go figure.
What is surprising is that ORE was basing the project initially at $US2,500 per tonne for the Lithium Carbonate. The price they are selling for now is $US6,500 per tonne. At $US6,500 per tonne ORE still cant make money, so one might reflect on what might have been if the Lithium market had been as they predicted $US2,500 per tonne. Macquarie has just released a report on Lithium expecting a glut of Lithium onto the market in early 2017 due to the recent price rise surge. If the price of Lithium does fall due to the expected glut then ORE will probably struggle to stay afloat and as a GOING CONCERN,based on their own figures.
Even on their latest figures ORE are going to have to raise cash shortly anyway. The expected doubling of production they estimate at a cost of $US40m will only add fuel to the fire that is currently a smolder but will surely deliver some heat to the bottom line.
Summary and Judgement: It appears that the production is happening, but not at the low cost they were expecting. Plenty of production but obviously not being sold. I think on this one you need to read between the lines. 1. Great Production 2971 tonnes of Lithium Carbonate. 2. Back orders filled. Then look at Revenue: Only $A5.6m in revenue. Can mean only one thing, product either not up to scratch and unable to sell as battery quality product or 2,300 tonnes still in stockpiles. No other explanation. The thing to remember for Lithium and the same for Graphite, both products used in A Grade Batteries. It is not all Lithium and all Graphite that can be used in making of batteries. It has to be a certain specification. In the case of Graphite only 99.8% Graphite Concentrate can be used in Batteries. 90% of producers cant get that quality. It is not the shortage of graphite and lithium making the market rise its the quality of the product that is making it rise because of the shortage of the premium quality to make the batteries. Need to read the fine print and do the DD on these types of minerals and their end use. Another mystery is: Why would the company be looking at doubling the output when: Still losing money at $US6,500 a tonne. Over stockpiled already. Market in oversupply in 2017 forecast. Reason: Raise the $40m to keep the current production alive is my only guess. Doesnt make sense to spend $US40m to double production just to double the losses. Also the bigger the plant the more power required and more costs incurred. They will just create an oversupply. Called exercise in futility. The start of creating their own demise.
Monday, May 9, 2016
FOOLS AT THE TOP. Interviews with fools.
SIMPLE QUESTIONS = SIMPLE ANSWERS - But why didn't you know?
How many people employed in high positions of industry actually dont know the basics of their own industry.
1. Example recently I asked a diamond trader what is a carat of diamond mean. Oh, he said its the weight of the stone. I asked OK that's good what exactly is a carat in weight compared with a Kilogram. I asked how many carats in a gram? Remember this is a diamond trader with twenty years experience. "Dont know", he said. I said 5 carats = 1 gram. Oh he said "thats good to know."
2. We often talk to our brokers and analysts about oil and gas and other commodities. I once asked an oil trader with a hedge fund, "What is the price of oil today"? Um, $US45 a barrel. ""Oh thats great i said". I asked "What exactly is a barrel of oil", Its a barrel, he replied oil is sold by the barrel." "Yeah but if I want to compare with the price at the pumps per litre, how do I compare"? "Fucked if I know, who cares." I told him that there was 159 litres in a barrel, He said to me, "shit thats a lot of oil for $US45, that's good to know, thanks for that.
3. Same with Gold. Question: What does 1 ounce of Gold represent in Grams? 31grams = 1 ounce.
4. What is the difference when reporting Gold in PPM (parts per million) or gpt (grams per tonne)
Nothing. 1 gram = 1 ppm. There is 1,000,000 grams per tonne and 1m ppm per tonne.
5. When reporting the percentage of mineral in an intersection of 1800ppm or 1%Cu. (we all know that Cu stands for Copper, right?) What does it mean? What does 1,800ppm actually mean. It means that the hole returned in a 1 metre zone a grade containing 1,880 grams or ppm of Copper average per tonne..
So what does 1% Cu represent? 10,000 grams or 10,000ppm = 1% Copper. So 1% Cu in a 1 x metre intersecting actually contains 10,000 grams or ppm per tonne if you mined that material.
6. What is the SG (Specific Gravity or the weight of a metal per cubic metre) of Copper and Gold and Tungsten. 1 x Cubic Metre of Copper metal 99.99%. Copper weighs = 8.9 tonnes per cubic metre.
Gold weighs 19.3 tonnes per cubic metre. ( so could you lift once cubic foot 12" x 12" x 12" of Gold?? it weight approx 1.93 tonne) Tungsten weighs 19.22 tonnes per cubic metre. Steel is 7.8 tonnes per cubic metre. Water is 1 tonne per cubic metre. Next blog I will show yoiu something that your eyes will fall from your head.
I have run out of time today but will continue this blog and continue to educate the obvious. This Bog master is going to open some eyes over the next two weeks. Believe me.!
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