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    Rohstoff-Explorer: Research oder Neuvorstellung (Seite 1610)

    eröffnet am 13.03.08 13:14:32 von
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      Avatar
      schrieb am 05.08.14 06:59:19
      Beitrag Nr. 13.439 ()
      Noch ein weiterer Grund für meine Australienallergie.
      Übrigens sind HUI, GDXJ und co immer noch auf der Unterstützung, auch wenn es nicht schön aussieht. Aber bei denen kommt nochmal ein Rutsch denke ich.
      Avatar
      schrieb am 05.08.14 06:11:31
      Beitrag Nr. 13.438 ()
      Why Australia's mining explorers have stopped exploring, Australia’s most successful mining prospector has warned juniors face unprecedented hurdles to bring projects to market as excessive ­regulation and high start-up costs threaten to derail the next leg of the resources boom
      www.watoday.com.au/wa-news/why-australias-mining-explorers-h…

      "Australia’s most successful mining prospector has warned juniors face unprecedented hurdles to bring projects to market as excessive ­regulation and high start-up costs threaten to derail the next leg of the resources boom.

      Well-known geologist and BRW rich lister Mark Creasy is credited with some of the country’s biggest mineral discoveries including the Jundee gold mine, Bronzewing deposit and, most recently, the impressive Nova-Bollinger nickel deposit. But Mr Creasy, who is worth around $490 million, said that he wouldn’t be able to repeat his success from scratch in today’s depressed and highly regulated exploration sector.

      “When I started prospecting [in the late 1960s] I put pegs into the ground around the area I was interested in then went and registered my claim and six weeks later I had the application granted,” Mr Creasy told The Australian Financial Review from Perth.

      “It used to be instantaneous. We have now got very long delays and it is a hellishly expensive process.”

      Australian exploration expenditure has declined by 50 per cent or more than $500 million in the two years since March 2012. Since the June 2013 quarter, there has been a steady increase in the number of exploration companies that have stopped exploring altogether.

      According to BDO’s March Explorer Quarterly Cash Update, 10 per cent of companies that make up Australia’s 800-strong junior exploration sector have stopped drilling and 42 per cent had only enough operating expenditure for one ore two more quarters. Association of Mining and Exploration Companies (AMEC) chief executive Simon Bennison said the situation is “pretty bleak”, predominantly due to a sharp decline in available funding at the junior end of the market.



      Lighter numbers

      Annual mining conference Diggers & Dealers kicks off Monday in Kalgoorlie, West Australia and event director John Langford said he expects to host a light 1900 delegates this year, down from 2005 last year and a high of 2400 in 2012.

      “Given what has happened with the state of the exploration sector we are quite happy with 1870,” Mr Langford said.

      “Those that don’t have the cash aren’t coming but those that do are and what we find is that the brokers come to Diggers & Dealers looking for investment opportunities during perceived downturns so it is likely that a number of capital raisings will be done to top some of the explorers up."

      Doray Minerals managing director Allan Kelly is an exploration geologist and was involved in the discovery of the company’s high grade gold deposit in Meekatharra, which is now its producing Andy Well gold mine. Mr Kelly said that for the last year, there has been a real “have and have not” divide for junior explorers and developers.

      "Good projects will get money but if your project is marginal, the lead time is too long or it is in a jurisdiction that people don’t like then you will struggle. There is a gap opening up between the guys that can raise money and the junior explorers that are struggling,” he said.

      “We have seen other companies in a similar position to where we were early to mid 2012 and because we progressed the project and raised the money when we did, we are now in production. Those that waited or weren’t ready are no further advanced than they were two years ago.”

      One of the key concerns surrounding the sustained downturn in exploration is whether it will hamper the development of future mining powerhouses and levels of supply.

      “Considering it takes between seven to ten years from applying for an exploration license to get to a stage of extracting and selling a mineral, it is imperative greenfield exploration increases” Mr Bennison said.


      Activity almost at a standstill

      Mark Bennett, chief of market darling Sirius Resources, says the state of the exploration industry is “pretty bad”, with activity almost at a standstill as many juniors struggle to survive.

      “Right now there isn’t money,” he said. “Everyone has really shut up shop or is teetering on the edge of being insolvent. . .With a few exceptions here and there, there is just no exploration happening any more.”

      Exploration had “devolved” to be the domain of junior miners, he said. “There is a bit of a vacuum. Mid-cap miners used to have cash flow from mines and go out and explore with it, but they’ve disappeared. Exploration has sort of devolved to the juniors. They don’t have the cash flow to fund exploration, so they are entirely reliant on the capital markets.”


      Mining magnate and chairman of Fortescue Metals GroupAndrew Forrest told the Financial Review last week that he believes it is still possible for a small company to turn itself into a future Fortescue. “Exploration, apart from the real die-hards like Fortescue who insist on exploring rain, hail or shine, has gone a lot quieter,” Mr Forrest said. “[But] it’s still possible”.


      Cyclical industry

      However, Mr Creasy disagrees. While the current downturn is causing many to panic, the cyclical industry will inevitably return to a boom, he says. Of more concern to the prominent prospector is whether regulation will return to the more relaxed process he once knew. Without changes, he says, explorers will struggle to capitalise on a market recovery.

      “The exploration and mining industry is perceived by society as being a major danger to the environment and that perception then feeds through into government action and we are treated as if we are the most dangerous bloody industry in the country.”

      A survey of West Australian gold producers released Monday by Deloitte found that there was a general consensus that the WA and Federal governments are not doing enough to encourage future exploration within Australia, despite programs such as WA’s Exploration Incentive Scheme and the Federal Government’s Exploration Development Incentive.

      Mr Kelly said Doray has benefited from the EIS and he believed both ­programs are beneficial in boosting exploration spending. One key concern he holds however, is the WA government’s review of mining royalty rates.

      Gold miners are concerned that they may be a target of the review underway and are set to launch an advertising campaign against a rate hike at Diggers this week. "
      Avatar
      schrieb am 05.08.14 00:32:26
      Beitrag Nr. 13.437 ()
      Antwort auf Beitrag Nr.: 47.429.344 von Popeye82 am 05.08.14 00:21:18ach man kann die videos zeitgleich anschauen... :D
      dann mach ich mal ne ausnahme ;)
      Avatar
      schrieb am 05.08.14 00:30:37
      Beitrag Nr. 13.436 ()
      Antwort auf Beitrag Nr.: 47.429.344 von Popeye82 am 05.08.14 00:21:18schade alels über meiner 5 minuten-grenze :D
      kannst es so zusammenfassen dass ich es unter 5 min lesen kann ?
      Avatar
      schrieb am 05.08.14 00:21:18
      Beitrag Nr. 13.435 ()








      2 Antworten?Die Baumansicht ist in diesem Thread nicht möglich.

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      Avatar
      schrieb am 05.08.14 00:18:33
      Beitrag Nr. 13.434 ()
      Antwort auf Beitrag Nr.: 47.429.224 von Popeye82 am 04.08.14 23:53:52wobei das ganze in der modernen finanzwelt eher einfach zu lösen ist.
      die ausfälle in euro un usa waren gigantisch und letztlich sind die krisen tatsächlich überwunden.
      man stopft die löcher, lagert den kram in bad banks aus. geld kann beliebig gedruckt und wieder abgezogen werden.

      nebeneffekt. extreme börsehaussen/blasen.
      sollte es in china auch so laufen würde das dafür sprechen dass nach langen jahren die börsen wieder laufen könnten.

      mit aufkommen dieser problematik stiegen letztlich die börsen in vorfreude auf niedrigere zinsen und billiges geld.
      eine logische reaktion.

      was immer du uns damit sagen willst: es spricht jedenfalls für eine börsenhausse in china !
      5 Antworten?Die Baumansicht ist in diesem Thread nicht möglich.
      Avatar
      schrieb am 04.08.14 23:53:52
      Beitrag Nr. 13.433 ()
      das Schreiben doppele ich auch nochmal.
      Thema: China scheint die Sonne aus dem

      China’s New Bad Debt Companies: Red Herrings?, They may be a short-term positive, but they won’t solve the underlying cause of local government indebtedness
      http://thediplomat.com/2014/07/chinas-new-bad-debt-companies…

      "Recently, the China Banking Regulation Commission embarked on a pilot program to set up five local asset management companies in Guangdong, Zhejiang, Jiangsu, and Anhui provinces, as well as in the city of Shanghai. The companies will buy up bad debt from banks, trust companies, financial corporations, and financial leasing companies, in an attempt to clean up the banking and shadow banking systems in these areas. This action will help to make some important financial entities whole after they took part in over-exuberant investment in recent years, but it does not correct the fiscal imbalances between central and local governments that helped generate the problem in the first place.

      First, some background. Currently, there are four national asset management companies, set up in the late 1990s to remove nonperforming loans from banks’ balance sheets. These are China Huarong Asset Management Company, China Cinda Asset Management Company, Orient Asset Management Company, and China Great Wall Asset Management Corporation. At the time, China was undergoing a massive privatization of its economy, and attempting to make banks more competitive and less involved in unprofitable policy lending. These national asset management companies were criticized as being ineffective in selling the bad debt, but they were successful in improving the status of banks’ balance sheets.

      Fast forward to today. Local asset management companies are to be created, since the recent splurge in lending for fixed asset investment has resulted in some loan defaults in financial institutions starting at the beginning of this year. Because many local government financing vehicles and property developers have taken part in excessive borrowing to build up real estate and infrastructure, asset price declines, and the constant threat of a liquidity crunch have impacted these loans that are tied to local markets. Creating “bad banks,” or asset management companies, then, for regions with the heaviest amount of borrowing makes sense.

      At the same time, as was the case with the national asset management companies, establishing “bad banks” does not change the fundamental incentives for financial institutions to take on such bad loans in the first place. In the case of the national asset management companies, the policy lending relationship between banks and state-owned enterprises remained to a significant degree intact, crowding out investment in smaller and privately owned firms. Similarly today, establishing local asset management companies does not change the problem of the revenue shortage from which local governments suffer, maintaining their incentives to spur growth through borrowing and short-run economic activities.

      The problem that local governments face is not just a balance sheet crisis, but a fiscal crisis. Local governments obtain revenues through a fraction of the value added and corporate taxes collected in their jurisdiction, and all personal income taxes and business taxes. Extra-budgetary revenue has come mainly from land sales. All sources of income are insufficient, however, to cover expenditures, and not high enough to spur implicitly necessary growth.


      The lack of sufficient local government revenue led governments to borrow to finance projects through local government financing vehicles, entities set up as corporations that, unlike local governments themselves, can borrow on the market. The 2008-09 fiscal stimulus package operated largely by pressuring local governments to spend on infrastructure, and in order to fund these projects, local government financing vehicles had to borrow big. Local government debt grew so large, that the central government announced that local governments would be able to issue bonds in order to cover the debt. Ten local governments, in Shanghai, Zhejiang, Guangdong, Shenzhen, Jiangsu, Shandong, Beijing, Qingdao, Ningxia and Jiangxi, were permitted to issue bonds in May 2014. The yields of these municipal bonds must be higher than the yield on central government bonds, which continues to pressure local governments to achieve sustained growth, setting up local governments for yet another round of debt-fueled growth.

      To conclude, the basic central-local government fiscal relationship must be changed to reduce incentives for local officials to take on bad debt. This has been stated before but cannot be stressed enough. Allowing some over-indebted local governments to set up asset management companies has positive short-term implications, but in the long run, the fiscal shortfall will bring local governments back to a position of excessive debt once again. The solution would be for the central government to allot more local revenue to local governments, require a system of checks and balances to ensure the money is spent wisely, and reduce pressure to generate growth at all costs. Only then can local government debt become qualitatively and quantitatively healthier.
      "
      6 Antworten?Die Baumansicht ist in diesem Thread nicht möglich.
      Avatar
      schrieb am 04.08.14 23:06:06
      Beitrag Nr. 13.432 ()
      Antwort auf Beitrag Nr.: 47.428.963 von Popeye82 am 04.08.14 22:46:39...und alles wird gut...
      oder auch nicht...

      http://www.forbes.com/sites/jeffreydorfman/2014/07/12/forget…
      Avatar
      schrieb am 04.08.14 22:46:39
      Beitrag Nr. 13.431 ()
      Gov't expects to borrow $192.000.000.000 in Q3, $187.000.000.000 in Q4
      www.stockhouse.com/news/bulletins/2014/08/04/gov-t-expects-t…

      "WASHINGTON - The U.S. Treasury Department has raised by $22 billion its estimate of what it needs to borrow in the third quarter to keep the government operating.

      Treasury said Monday that it expects to borrow $192 billion in the July-September period, up from an estimate of $170 billion announced in April. The borrowing increase is mainly due to the government taking in less in revenue than previously expected.

      Treasury also said it expects to borrow $187 billion in the fourth quarter of the year.

      To meet borrowing needs, the government sells Treasury securities such as 10-year notes and 30-year bonds at quarterly refunding auctions.

      The government ran a budget surplus of $71 billion in June, putting it on course to record the lowest annual deficit since 2008. "
      1 Antwort?Die Baumansicht ist in diesem Thread nicht möglich.
      Avatar
      schrieb am 04.08.14 22:38:25
      Beitrag Nr. 13.430 ()
      ok wir sind bei "kennt die jemand ?"

      ich gehe mit und erhöhe um 2 :D


      DuSolo Fertilizer
      (ehemals Eagle Minerals) (phosphat)

      http://investorintel.com/potash-phosphate-intel/dusolos-rock…
      http://dusolo.com/wp-content/uploads/2014/02/DSA_Factsheet.p…

      scheint mir interessant, sehr spärlich alles.. erinnert mich an tribune (manche wollen keine doofen kleinaktionäre und schweigen lieber soweit es möglich ist)

      Mediterranean Resources (Türkei)

      die PEA ist steinalt, von september 2011 (erwähns mal nur weil die bude nur ~4,5 mios cad wert ist derzeit

      - Mediterranean acquires properties from Teck Resources in 2006
      - Excellent cost of discovery - less than $7.00 per oz
      - Initial Capital Expenditure of $125 M (including a 25% contingency)
      - Projected mine life of 7.2 years and average annual production over mine
      life of 94,500 oz Au.
      - Cash costs of US$538 per Gold equivalent ounce
      - In-pit, contained resources of 14.4 Mt, 905,000 oz gold, 104 Mlb of zinc,
      and 32 Mlb of copper and 40 Mlb of lead

      insgesamt mit weiterem projekt
      - NI 43-101 compliant resource of 1.87 Million ounces of gold indicated and
      inferred and 2.5 Million ounces of gold equivalent indicated and inferred
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      Rohstoff-Explorer: Research oder Neuvorstellung