Jump to content

drbubb

Super Admins
  • Content Count

    110,852
  • Joined

  • Last visited

Everything posted by drbubb

  1. "They're just plonked down outside existing towns and so everyone pretty much relies on the car to get to/from." getting people OUT OF CARS and into quality street life, and effective mass transport will be a big theme of the future
  2. HISTORY OF SUBURBIA ====== Here, in a typical North American suburb, life seems to carrying on much as it has for the past fifty years. With every passing year, more and more streets like this one replace farmers?fields. As more and more people come here for their share of the good life. History, however, has proven itself indifferent to people hopes and dreams for a better life, even the best of intentions have often not been enough to avoid calamity. And suburbia began with the best of intentions. The dream of the suburbs was the antidote to city life, and, in particular, the life of the industrial city and the industrial town. And the antidote was going to be country living for everybody. And the suburbs was a way of delivering that to the masses. (Music) The industrial city and the industrial town were really things that had never been seen before. You know, they were new. Human beings didn have experience with them and with all the terrible things that they produced. So, you know, the towns and cities of North America grew up in tandem with the industrial processes and were very much products of industrialism. And what happens pretty early in the process, by the mid 19th century, is that the industrial city becomes a fairly horrible place. There all this noise and effluence and pollution and stenches and all these terrible byproducts of factories and people don want to live around that stuff anymore. And then you get the additional problems of, you know, you need armies of workers to toil in these factories which are assuming increasingly immense scale. The quarters they live in end up being these vast tenement slums. You know this idea establishes itself I think in the collective consciousness of all of us North Americans that the city is not really a very good place to live. And what is the alternative? Well, there the city and there the country. Certainly the first suburbs in the late 19th century enabled the better off upper-middle class to get away from these moiling and toiling workers and all their vulgar worker culture of the cities. In the 1870s and 80s and 90s, you get the first template, which is the suburb based on the idea of the manor in a park, the estate in a park. And these are subdivisions like Llewellyn Park in New Jersey and Riverside nine miles outside the Chicago Loop, which are basically large Victorian villas, deployed in a park-like setting. You know, in the beginning there must have been elements of it that were lovely, because the first people who were moving out there were pretty well-off. And they were moving to real countryside, there were no K-Marts in 1897. Then in the late 19th, early 20th century before World War I, you get something quite different, you get the street car suburb, which is based on this idea of the street car lines, now leaving the city and these new suburbs which are still fairly civic in their physical design. There were these stops and each one of these stops created a beautiful little Main Street, smaller higher-density housing, cottages, bungalows nearby, all very walkable in the most traditional sense. And they are some of the most wonderful neighborhoods in America, theye just outside the central cities. Then what happens is in the 1920s is that you get the mass motoring, democratization of suburbia and that results in the boom of the 1920s, largely based on creating these automobile suburbs and all their furnishings and accessories. And that project is interrupted by the Great Depression and the Second World War. No sir, all this can keep a fellow from putting down his ideas. Something is going to add up here. His own air-conditioned castle with a deep breeze, a cooler for beer, a great big lawn where Pet and Bugsy will welcome him home. The Veterans?Emergency Housing Program is launched to help solve the housing emergency in hundreds of cities. The target: 2,700,000 homes and apartments started by the end of 1947. This is the payoff to our soldiers who fought in World War II. You get to come home; you don have to live in a city anymore; you can live in a brand new home in the suburbs and youe going to have a wife who can stay at home and a family and that the payoff and that became a packaged American Dream. But it only a post World War II American Dream, it not the true American Dream of anybody can make it. Almost overnight, suburbia was born. A half million homes sprouting over the country in 1946. Nearly a million in 1947, a million in 1948, still more in 1949, 1950. The empty farmlands, the quiet towns and villages surrounding the city found themselves in the midst of a roaring housing boom. You get the full, real elaboration of the automobile suburb based on the idea of the cul-de-sac subdivision and that becomes the template for how wee going to build things. This is the only part of the world at that time where plumbers and pipefitters and sheetrock hangers can own their own home. The middle class is going to go basically from the wino level clear up to the doctors and the dentists. And everybody will be included. . . . One of the things that happens is that suburbia ends up being a false promise. The post-war suburbia is not what it promises to be, it not country living, it a cartoon of country living and a cartoon of a house. You know, it has none of the real amenities of country life. No connection with real, organic systems of other living things. Rivers, forests, fields, agriculture, none of that, you just get a lawn, which is an industrial produced artifact. So it has none of the amenities of country life and it has none of the amenities of the town. In effect, it has all the disadvantages of both. You know, all you really have is a six lane highway. ..MORE: http://www.globalpublicmedia.com/transcripts/231
  3. # # # Sequel: Escape from Suburbia The sequel to End of Suburbia is due for release in autumn of 2006, produced by Gregory Greene and Dara Rowland. See http://escapefromsuburbia.com - A trailer is available on the site for advance viewing. The advance description is that there will be a positive emphasis on what people in many countries are doing to meet the challenges of higher and higher oil prices. Suburbia, and all it promises, has become the American Dream. With brutal honesty and a touch of irony, The END of SUBURBIA explored the American Way of Life and its prospects as the planet enters the age of Peak Oil. In ESCAPE From SUBURBIA director Greg Greene once again takes us “through the looking glass” on a journey of discovery – a sobering yet vital and ultimately positive exploration of what the second half of the Oil Age has in store for us. Through personal stories and interviews we examine how declining world oil production has already begun to affect modern life in North America. Expert scientific opinion is balanced with “on the street” portraits from an emerging global movement of citizen’s groups who are confronting the challenges of Peak Oil in extraordinary ways. The clock is ticking. ESCAPE From SUBURBIA asks the tough questions: Are we approaching Peak Oil now? What are the controversies surrounding our future energy options? Why are a growing number of specialists and citizens skeptical of these options? What are ordinary people across North America doing in their own communities to prepare for Peak Oil? And what will YOU do as energy prices skyrocket and the Oil Age draws to a close? LINKS: http://escapefromsuburbia.com/hotlinks.html#1 = = = POSSIBLE SOLUTIONS = = 10 SOLUTIONS that are feasible, healthy, and sustainable: 1. An immediate and permanent moratorium on all new road construction and expansions. 2. An immediate and permanent moratorium on all new airport construction and expansions, as well as an end to all aviation subsidies. In addition, an end to the huge oil industry subsidies ($300 billion per year world wide). 3. A huge increase in funding for Amtrak and the immediate construction of a nationwide new train network across America connecting every city, town, and neighborhood with an efficient, state-of-the-art electric train network comparable to what is currently operating all across Europe and Japan. This should be built to transport both passengers and all the cargo now moved by very inefficient trucks. 4. An immediate tripling of minimum vehicle miles per gallon standards for all vehicles produced in America - accomplished by a quick and complete conversion of all factories to the building of only hybrid, solar, and fully electric vehicles. 5. An immediate moratorium on the construction of any new coal fired or nuclear power generating plants. 6. The immediate construction of massive new solar and wind power generating capacity all across America, including neighborhood scale and small wind turbines that can be incorporated inconspicuously into the roofs of buildings. Also, the immediate installation of new hydropower generating capacity in the form of coastal wave and tidal energy capture. 7. The immediate installation of full roof solar panels on every building in America. 8. An immediate moratorium on the building of any additional sprawl (which deepens auto/oil dependence). 9. A major focus of federal, state, and local governments on the revitalization and densification of all existing cities and towns across America into walkable, mixed-use communities, with pedestrians and bicycles given top priority over automobiles, and a serious focus on bicycles as a major form of transportation. Included would be millions of affordable housing units and high quality neighborhood schools located so all children can walk or bike to them. 10. The immediate installation of major organic farms at the edge of every city and town across America. In addition to this, the immediate planting of millions of trees across America. WAYS TO PAY FOR THESE SOLUTIONS -The $300 billion + spent so far on the Iraq war could have paid for a lot of this -A portion of the $430 billion United States annual defense budget -The hundreds of billions spent annually on road construction -The hundreds of billions currently spent on airport expansions -The hundreds of billions spent on constructing nuclear and coal fired power plants -The $300 billion each year spent subsidizing the oil industry -A new 'waste tax' imposed on waste and inefficiency It is imperative that we invest in the solutions as soon as possible for a smooth transition to a sustainable future. Right now, "unfortunately, we're investing in war, not in crash projects to develop new energy sources." The real problem is that after we conclude the Iraq war spending well in excess of $300 billion, we will still be just as dependent on oil as before the war - not one thing will be improved with our society and our dangerous oil addiction! "There is no more debate. We face a planetary emergency. The phrase sounds shrill but it is an accurate description of the climate crisis that we have to confront and solve." --Al Gore What we need now more than anything is unified leadership and committed, focused, emergency action on a massive scale to save the planet before it's too late @: http://www.newurbanism.org/
  4. "many UK suburbanites survive very well without cars" yes. true by contrast, the us suburbs are built around cars and huge malls, making for a cheap and nasty existence of consumerism, rather than neighborhood street life but americans are waking up to the nightmare they have creating, and starting to change it = = = Director Greg Greene speaks about The End of Suburbia Transcripts: Greg Greene on radio-KPFA's "Against the Grain" (2 August 2004) ------------------------------------------------------------------------------------------ In Brief: As growing numbers of North Americans move to the suburbs, one of the challenges facing policy makers was how to get all these people from their homes to their shopping malls, to their workplaces, and their schools, and back again. The major American auto manufacturers were powerhouses of industrial might following the Second World War. And they had a plan for the masses. It relied, not surprisingly, on cars as America's future mass transit. C.S. Soong: Everyone dreams of having a large house with a large yard, surrounded by a white picket fence, removed from the dirt and crime of the city. Or at least, that's what most Americans seem to want. But the suburban way of life has a myriad of hidden costs and, according the makers of The End of Suburbia", may not be sustainable in the long term. Gregory Greene, director of The End of Suburbia, discusses the film with Against the Grain's C.S. Soong. Audio Interview [52:36] | mp3 Post Carbon Institute's campaign to raise energy awareness through End of Suburbia screenings @: http://www.globalpublicmedia.com/interviews/88
  5. The End of Suburbia (From Wikipedia, the free encyclopedia) The End of Suburbia: Oil Depletion and the Collapse of The American Dream ...is a 2004 documentary film concerning peak oil and its implications on the suburban lifestyle. This film is critical of widespread use of "cheap energy" policies especially in the transportation sector and argues that technological fixes such as biofuels and hydrogen are infeasible. According to the film, a major reorganization of urban land use is needed to decrease transportation; also, some aspects of the global economy will have to be rolled back, such as long-distance shipping of food. Further, this film claims people and organizations will enter a counter-productive and damaging period of denial as the economy restructures to lower energy use. The documentary features footage from vintage films in the Prelinger Archives, primarily footage depicting the growth of suburbia and the interstate highway system in the United States after World War II. The film is hosted by Canadian broadcaster Barrie Zwicker and features discussion from James Howard Kunstler, Peter Calthorpe, Michael Klare, Richard Heinberg, Matthew Simmons, Michael C. Ruppert, Julian Darley, Colin Campbell, Kenneth Deffeyes, Ali Samsam Bakhtiari and Steve Andrews. The director is Gregory Greene and the producer is Barry Silverthorn. @: http://en.wikipedia.org/wiki/The_End_of_Suburbia = = = Running on Empty - The End of Suburbia and the future slums of Irvine By Greg Stacy Thursday, September 16, 2004 - 12:00 am It is the Southern California of some decades hence. Beneath a sky heavy with the lingering toxins of generations past, Irvine has fallen to ruin. The suburbs have become weedy slums, and streets once bustling with SUVs are now ominously quiet. Food is also in short supply, and desperate people are doing desperate things to feed their families. Is this the plot of some new, postapocalyptic thriller? Don’t we freaking wish. No, this is the far-too-likely future that all of us face. Apocalypse could just be coming to your neighborhood sooner than you think, and it won’t take World War III to make it happen. With a minimum of lefty hysterics, the new documentary The End of Suburbia: Oil Depletion and the Collapse of the American Dream explains how America is about to go all Mad Max on us. The simple truth is we are literally running out of gas. It isn’t news to most of us that oil is a non-renewable resource. We all remember those scratchy movies they showed us in elementary school in which cheerful cartoon dinosaurs explain the basics of fossil fuels. Many of us are even vaguely aware that fossil fuels are supposed to run out sometime in our lifetimes, but we’ve always assumed the government will cook up some sort of viable alternative fuel before things get really dire. Well, we would do well to remember that the government was supposed to have brought peace to the Middle East by now. The End of Suburbia explains how hydrogen and ethanol, the two energy sources currently being widely touted as potential replacements for oil, simply won’t be able to keep up with the power demands of the world’s ever-increasing population; in fact, it takes more energy to create hydrogen than you’ll ever get from the stuff. Don’t believe W’s hype: there is really nothing in the works that will keep the world’s engines humming as loudly as oil has, and it’s unlikely we’ll come up with anything that will sustain us in the lifestyle to which we’ve grown accustomed. There will be a time of skyrocketing oil costs, increasingly bloody wars over resources and worldwide economic collapse, and eventually all the oil will dry up and the industrial age will grind to a halt. But hey, at least we won’t have to worry about those long commutes anymore, huh? Directed by Toronto filmmaker Gregory Greene, who leads a post-screening discussion locally, The End of Suburbia isn’t quite as glum as it perhaps sounds. The film has a certain dark wit, and we’re not left to think humanity’s doom is simply inevitable. We may be on the road to disaster, but at least we’re still in the driver’s seat. A few sensible ideas for how we can possibly save our selves from our gristly fate are presented. These ideas do involve a lot of hard choices, sacrifice and self-control—things we Americans seem to get worse at all the time—but there’s still room for optimism. Perhaps these dire circumstances will force us into that communal utopia the hippies were always babbling about, a new age of healthy, responsible living and consciousness expansion and lots of groovy loose sex. . . . Hmm. If you need me, I’ll be out in my garage, revving my car’s engine for a few hours. Just doing my part to burn off the last of that dinosaur sludge and get this goddamn Age of Aquarius started already. The End of Suburbia: Oil Depletion and the Collapse of the American Dream was directed by Gregory Greene. It screens at Orange Coast Unitarian Universalist Church, 1259 Victoria St., Costa Mesa, (949) 646-4652; ocuuc.org; endofsuburbia.com. Wed., 7:30 p.m. Free.
  6. "the new railway has been built to exploit the mineral wealth of Tibet" no doubt- but it may backfire, and wind up exporting tibetan culture as well more tibetan photos: http://www.beva.org/pilgrimage/robert/bgtown.htm
  7. drbubb

    Three Charts I Like

    purely on charts, i like CGG the best. The others are still "on the mat" It would be interesting to know more about the fundamentals, to see what potential catalysts could be identified to get these stocks moving abovetheir long term moving averages Once that happens, there is little (technically) to hold them back
  8. Here are some highlights from this weekend's interview: (A sort of update to an earlier interview) + Unbelievable volatility. But markets are still tight, and prices could quickly be back at where they were 8 weeks ago + Up to 80% of our oil goes towards transportation, and demand remains very high + Oil "experts" had strong opinions, about oil prices. But had they barely looked at the data. Simmons book looked at the myth of unlimited cheap oil in the Middle East. Once that bubble had been popped, people began to realise that oil was in short supply. The word is getting out. + US Dept. of Energy is doing an exhaustive study, and so is a congressional committee + But not enough is being done to fix
  9. drbubb

    The Coal Thread

    if coal is the only alternative, as the oil runs out, we will find a way. technology, once invented, can be made cheaper. south africa has gone well beyond nazi germany. meantime, coal stocks have jumped nicely : http://www.coalprice.com/
  10. low may be in place - $60 was reached after all
  11. nice looking turn in gold yesterday, confirming the uptrend + opening gap up + faded, and gap was fill, and hui even went negative + the dip was met with strong buying GLD : 59.81 + 1.07 / +1.82% HUI : 305.67 + 5.67 / +1.89% are we about to see a jump back over $600? that would look great on the charts my calls from last week: GFI, HMY, ASA : are all kicking a., helped also by weak rand i may take profits on a jump over $600, and buy some laggard juniors instead. i am close to a double on the calls, and they expire in october
  12. drbubb

    Set To Break Out?

    On March 13, 2006 the Company announced that it had entered into a definitive agreement with Lukoil to effect a merger into a wholly owned subsidiary of Lukoil. On the effective date of the merger, all issued and outstanding common stock of Chaparral would be exchanged for $5.80 per share in cash. The transaction had been expected to complete in June 2006. On May 1, 2006 the Company filed a Preliminary Proxy Statement on form PREM14A and details of the transaction on Schedule 13E3 as part of the merger process with the Securities Exchange Commission ("SEC"). Subsequent amendments to these forms were filed with the SEC on June 19, 2006. The SEC is continuing their review of these amended forms. Once this review process is complete the Company expects to circulate the proxy statements to all stockholders of record and announce the date of a formal stockholders meeting. The Company does not expect this date to be before the beginning of September 2006.
  13. drbubb

    Set To Break Out?

    looks like a takeover bid to me
  14. drbubb

    Jinshan Gold Mines (JIN.v)

    jinshan to be on rob-tv: http://www.jinshanmines.com/i/pdf/ROB_TV.pdf
  15. i think you can sell them wherever... but they may need to be re-registered. still, a strong price in oz, would help london too
  16. bedzed? the truth is... i do not know enough about it, to dismiss it or promote it the first look didnt excite me asa much as the large vision of dongtan. maybe if i knew more...
  17. the mid-price is about 8.5P, so that is near 3p on the old structure don't forget, you also have 2009 warrants, and they have value too = = the reverse split was designed to help narrow the spread. that hasnt worked so far, but trading in australia will give you an alternative place to sell the thing is, thor was spun-out of another company, tennant creek gold, partly at the suggestion of rab, who invested some early money. the london listing never worked that well. reasons: + remoteness of the project from london, + time until project is in production- and some scepticism, + lack of sustained promotional efforts in london an oz-quote is better
  18. Mayor will fail carbon test The Mayor of London will not even come close to hitting his key 2010 target for zero carbon development in the capital. Ken Livingstone has admitted that the London Development Agency (LDA) is a long way off delivering even a single zero carbon development, following pressure from the green party. It is almost two years since the mayor promised to back a series of flagship schemes across the city, as part of the Energy Strategy for London. @: http://www.nbsgreenconstruction.com/Archive/RoundUp121.asp === lots of relevant news on that site, btw: http://www.nbsgreenconstruction.com/ this, for example: Eco Conference 2006 A three-way conference and exhibition has been launched to drive forward environmental issues concerning good architectural design and building methods - all focused on sustainability. Ecobuild, Futurebuild and Regenex will share the spotlight at Earls Court in 2006. Ecobuild 2006 is a conference and exhibition dedicated to sustainable design and construction products and services. Futurebuild 2006 is a conference and exhibition dedicated to the commercial, construction and design aspects of Modern Methods of Construction when applied to housing, healthcare, education and commercial applications. Regenex 2006 is a new conference and exhibition dedicated to promoting and developing the business of urban regeneration and its critical role in the creation of Sustainable Communities. Tuesday 21st - Thursday 23rd February 2006. Earls Court 2, London. Contact: International Business Events Limited - 020 8822 6918, or for more information and to book places online visit the conference websites: Ecobuild 2006 - http://www.ecobuild.co.uk Futurebuild 2006 - http://www.futurebuild.co.uk Regenex 2006 - http://www.regenex.co.uk. ... let's hope they run them again in 2007
  19. Dated: 21 September 2006 The Director's of Thor Mining PLC ("Thor" or the "Company"), the specialist metals company currently focussed on projects in the Northern Territory of Australia, is pleased to announce: the Initial Public Offering("IPO") in Australia has closed raising AUD$10.0 million; the acquisition of Hale Energy Limited ("Hale Energy") from Batavia Mining Limited ("Batavia"); the dual listing of the New Shares and Warrants on the Australian Stock Exchange (the "ASX"); and Admission of the New Shares and Warrants to AIM.. Terms used in this announcement have the same meaning as the defined terms in the Circular issued on 9 August 2006. Highlights * Placing in Australia to raise AUD$10 million through the issue of 50,000,000 New Shares at AUD 20 cents completed successfully; * The issue of 67,445,833 Warrants to: Existing Shareholders; Batavia, the vendor of Hale Energy; the subscribers to the Offer; and Patersons Securities Limited ("Patersons"), the lead manager and underwriter to the Offer, at no extra cost; * The acquisition of Hale Energy satisfied by the issue of 16,000,000 New Shares and 8,500,000 Warrants; * The consolidation of the share capital of the Company from #10,000,000 divided into 10,000,000,000 ordinary shares of 0.1p each into #10,000,000 divided into 3,333,333,333 ordinary shares of 0.3p each on the basis of 3 ordinary shares of 0.1p each for each new ordinary share of 0.3p each; * The granting of Options to subscribe for up to 15,000,000 New Shares to Directors and certain employees at a price of 8p per New Share; * The quotation of the New Shares and Warrants on the ASX, traded by way of CHESS depositary Interests ("CDI"); * Admission of 129,891,667 New Shares and 67,445,833 Warrants to trading on AIM on Friday 22 September 2006; and * Deep resource drilling at the Molyhil Tungsten - Molybdenum Project in the Northern Territory ("Molyhil") has commenced with 8 holes planned to 300m. Commenting on the above Thor's Chief Executive Officer, Mr John Young said: "I am extremely pleased with the investor response to the IPO and strong support in the priority offer from the Batavia shareholders. With the fund raising behind us, we can aggressively pursue the completion of the definitive feasibility study at Molyhil and commence an aggressive uranium exploration program, which we plan to begin in October 2006." Fund raising and quotation on the ASX The Directors proposed that the Company offer up to 52,500,000 Offer Shares at the Offer Price to raise up to AUD$10.5 million of which 2,500,000 Offer Shares were to satisfy any over subscriptions, at the discretion of the Directors. The Company closed the IPO following the successful placing of 50,000,000 New Shares to raise AUD$ 10 million, before costs of the fund raising. Every two Offer Shares will have one Offer Warrant attached at no extra cost. The Company has applied for the New Shares and Warrants to be quoted on the ASX and to be traded by way of CDIs which is expected to commence shortly. Acquisition of Hale Energy The Company agreed to acquire Hale Energy subject inter alia on the listing of Thor's securities on the ASX. Hale Energy owns prospective uranium tenements and tenement applications in the Northern Territory of Australia. Thor proposes to aggressively and systematically explore and evaluate the uranium projects. The acquisition of the Hale Energy uranium prospects should provide an opportunity to deliver increased Shareholder value. Mr Durack, a Director of the Company, is also a director of Hale Energy and Batavia. Under the terms and conditions of the Acquisition Agreement Thor has acquired Hale Energy satisfied by the issue of 16,000,000 New Shares and 8,500,000 Warrants which at the Offer Price aggregates to an approximate consideration of AUD$3.2 million. An independent report by Continental Resource Management Pty Ltd in respect of the tenements is included in he Prospectus. Valuation Continental Resource Management Pty Ltd have prepared a valuation report on Hale Energy's mineral tenements and values these tenements as being within a range of AUD$2.1 million and AUD$3.9 million with a preferred value of AUD$3.0 million. Details of the proposed Share Consolidation Under the ASX Listing Rules Thor must issue the Offer Shares at no less than AUD$0.20. To achieve an issue price of AUD$0.20 a consolidation of the Company's issued ordinary share capital in the order of one New Share for every three Existing Shares has been approved by Shareholders. Shareholders on the register of members of the Company at the close of business on the Record Date (21 September 2006) will exchange 3 Existing Shares for 1 New Share and so in proportion for any other number of Existing Shares then held. The proportion of the issued ordinary share capital of the Company held by each Shareholder following the Share Consolidation will, save for fractional entitlements and subject to the exercise of share options, be unchanged. Following the Share Consolidation, Existing Shareholders will receive one Warrant for every two New Shares held. Other than the change in nominal value, the New Shares arising on implementation of the Share Consolidation will have the same rights as the Existing Shares, including voting, dividend and other rights. Any Shareholder not holding a number of Existing Shares which is exactly divisible by 3 on the Record Date will not be entitled to receive part of the proceeds of this sale in respect of his fractional entitlement. Issue of Warrants As part of the Proposals the Company will issue: 1. 31,945,833 Warrants to Existing Shareholders; 2. 8,500,000 Warrants to Batavia pursuant to the acquisition of Hale Energy; 3. 25,000,000 Warrants pursuant to the terms of the Offer; and 4. 2,000,000 Warrants pursuant to the terms of the underwriting agreement to Patersons. The terms of the Warrants, issued at no extra cost are identical. Each Warrant will entitle the holder to subscribe for one New Share at a price of 8p per New Share. The Warrants will expire on 15 June 2009. The Warrants will represent 31.1 per cent of the issued share capital of the Company on Admission on a fully diluted basis. Application has been made for the Warrants to be admitted to trading on AIM. The Warrants will be traded separately from the New Shares following Admission. The New Shares to be issued on the exercise of the Warrants will rank for all dividends or other distributions declared, made or paid by reference to a record date on or after the relevant exercise and will otherwise rank pari passu with the New Shares in issue on the relevant exercise date. Directors and employee share options The Directors have been authorised to grant Options over the authorised share capital of the Company in an amount not exceeding 15,000,000 New Shares. The Company proposes to grant the Options to Directors and certain employees to subscribe for New Shares. Such Options shall be exercisable at a price of 8p per New Share. The Directors propose to grant the following Options: 1. John W Barr be granted Options to subscribe for 6,000,000 New Shares; 2. John Young be granted Options to subscribe for 5,000,000 New Shares; and 3. Damian Delaney be granted Options to subscribe for 1,500,000 New Shares. The balance of Options to subscribe for 2,500,000 New Shares are to be granted to certain current and future employees and consultants at the discretion of the Directors. Mr Barr has previously been granted 4,000,000 options to subscribe for Shares exercisable at 3.75p per Share. As a result of the proposed Share Consolidation, this will become an Option to subscribe for 1,333,333 New Shares at 11.25p per Share. The Options expire on 15 June 2009. Use of proceeds The funds raised from the IPO, will be used to pursue an aggressive development strategy focused on the completion of a definitive feasibility study (the "DFS") for Molyhil. Thor intends to bring Molyhil into production during 2007, in parallel with a major exploration effort on its newly acquired uranium portfolio. Molyhil Thor Mining also today announced the commencement of a program of deep resource drilling at Molyhil. The program comprises 8 reverse circulation ("RC") holes to be drilled to a planned depth of 300m. The drilling will test for depth extensions of the Molyhil resource, which currently totals 2.38 million tonnes at a combined Tungsten-Molybdenum uncut grade of 0.80%. Magnetic modelling indicates that the Molyhil resource continues to a depth of at least 450m below surface. A number of geotechnical holes relating to tailings dam studies and hydrogeological investigations will also be completed as part of the DFS, which is due to be completed by mid-November 2006. Uranium Thor is also preparing for the commencement of uranium exploration at its five uranium projects in the Northern Territory. The portfolio covers a total area of 3,000 sq km, with the Hale River and Plenty Highway projects covering some 1,200 sq km of tertiary basin sediments and palaeo-drainage channels prospective for sandstone and roll-front style uranium deposits. The portfolio includes advanced target areas with previous uranium exploration history located in close proximity to existing discoveries. Admission to AIM Application for Admission has been made by the Company for the New Shares and the Warrants issued as a result of the proposals to be admitted to trading on AIM. It is expected that Admission will become effective and dealings will commence at 8.00am on Friday 22 September 2006.
  20. Visions of ecopolis Sep 21st 2006 ... From The Economist print edition Technology and the environment: China has ambitious plans to build a model “eco-city” near Shanghai . How green will it be? ON AN island at the mouth of China 's Yangzi River , plans are afoot to build the city of the future. The first residents will move in within five years. The city will be self-sufficient in energy and water and will generate almost no carbon emissions. Petrol and diesel vehicles will be banned in favour of solar-powered boats and fuel-cell-driven buses. The developers of this “eco-city”, called Dongtan, hope that it will come to be seen as a model for the rest of the world: London 's mayor, for one, is already inspired by it. Will it work? The island, Chongming, is a semi-rural county on the northern boundary of Shanghai , China 's most populous and crowded city, with a population of more than 9.3m in its main urban area. Shanghai 's rapid economic growth in recent years has made land in the city extremely expensive. Chongming, relatively poor and undeveloped compared with the neighbouring city, has long looked ripe for development into yet another expanse of factories and commuter towns. Instead, the city's planners—with strong backing from China 's political leadership—have decided to turn it into a model of what Shanghai is not. Chongming is to be an eco-friendly island. At its eastern end, on an expanse of reclaimed wetland that is today home to a scattering of farmers and fishermen, the eco-city of Dongtan will rise from the paddy fields, crab ponds and vegetable plots to become home to tens—eventually hundreds—of thousands of people. Chongming likes to call itself China 's third-largest island, though many would no doubt object to that description in independent-minded Taiwan (supposedly the largest island, with the offshore province of Hainan as number two). It is a strip of alluvial silt about 80km (50 miles) long and 17km wide that is home to some 650,000 people. The plan is to turn some of this farmland into forest and to make all agriculture organic. Chongming also hopes to attract low-polluting, high-tech industries. But much of its economy will be generated by “green” tourism. Chongming's forests—all planted, because there is no natural woodland—will provide a holiday refuge for Shanghai 's residents, who have few parks or other open spaces to enjoy. There are also plans for a theme park. Then there is the wetland. Chongming's fringe of tidal reed-covered mudflats—especially close to Dongtan—are a haven for birds, including the rare black-faced spoonbill, as they migrate between Australia and Siberia. Last year the central government put the wetland under state protection, although Yu Weidong, an ornithologist at Shanghai Normal University , dryly observes that it took two decades of lobbying to achieve this. Dongtan's planners say they will not only preserve the mudflats, but also create a wildlife park some 4km wide as a buffer along the edge of the wetland—“a placenta where life is to be gestated”, according to their brochure. Only one-fifth of Dongtan's 86km2 area is to be urbanised. It sounds like just the kind of greenness so urgently needed in the rest of China . The country's cities are choked by the exhaust fumes from a burgeoning number of cars, shrouded with dust from countless building sites and soaked with rain turned acidic from coal burnt for power and heating. It is beguiling to imagine that Chongming might become a model for city planners elsewhere in China as they struggle with the fastest urban growth in the country's history. By some estimates, China 's urban areas, already home to around 560m people, may well have to accommodate another 300m people by 2020. The central government, worried about the country's growing reliance on imported fuel and anxious to dispel its image as a super-polluter in the making, has begun to talk enthusiastically about the need for “green GDP” growth. There is hardly a local government that does not talk these days about plans for an eco-village, town or even city. But what they mean by this is vague. The central government fears that issuing clearer instructions could threaten growth and social stability. Officials bicker about how to quantify green GDP. Chongming, with little manufacturing industry that might resent the cost of going green, is seen as a low-risk place to experiment. Ken Livingstone, London 's mayor, is one Chongming enthusiast. During a trip to Shanghai in April, he described the Dongtan project as “breathtaking in scale and ambition” and a potential “beacon to the world on how to achieve a low-carbon future”. Mr Livingstone has plans to build a zero-carbon suburb in London , in conjunction with Arup, a British engineering firm that is helping to design Dongtan. The project, in an old industrial area in east London , would be much smaller than Dongtan. But Mr Livingstone has said his plan would show that it is “affordable and achievable to make all major new developments low-carbon.” Arup is excited, too. Rarely does the chance arise to design a city from scratch. The rapid growth of Chinese cities in recent years has been a bonanza for foreign architects and urban designers. Local governments have been lavishing huge sums of money on overseas expertise—much to the annoyance of home-grown designers—in the hope of making their cities look modern. Many of Beijing 's most prestigious new buildings are foreign creations. Shanghai's Pudong district, which until the early 1990s was mostly farmland and a few factories, now boasts a collection of skyscrapers designed by some of the world's most famous architects—not to mention the world's first commercially operating magnetic-levitation train, supplied by Germany. Arup's contract, signed last August, is with Shanghai Industrial Investment Corporation (SIIC), a property company controlled by the Shanghai government and listed in Hong Kong that was given the newly reclaimed Dongtan site in 1998. The deal became a showpiece of environmental co-operation between Britain and China during a visit to London by Hu Jintao , China 's president, last November. In the presence of Mr Hu and Tony Blair, Britain 's prime minister, the two companies signed another deal pledging to co-operate on any similar future projects by SIIC. There is also talk of building further eco-cities after Dongtan. Soul of a new metropolis Arup's plan for Dongtan is for a city made up of three “villages”. The first phase, due to be completed by 2010, will accommodate some 25,000 people, the firm says, and the total population will increase to half a million by 2040. According to the company, the city will combine elements of traditional Chinese design with the latest green technologies. Its energy will come from renewable sources such as wind turbines and bio-fuels made from agricultural waste. Most of the city's rubbish will be recycled. There will be no landfill. Human sewage will be processed and used for irrigation. Food will be produced without using agricultural chemicals. And “green building” technologies will reduce the amount of energy needed to heat and cool buildings by 70%. Unlike the newly developed areas around many of China 's fast-expanding cities, Dongtan will be compact, making it easy to cycle or walk around. Public transport, Arup says, will include solar-powered water taxis that will ply Dongtan's canals, and buses powered by hydrogen fuel cells, which combine hydrogen with oxygen to generate electricity and water, but no harmful emissions. The city government is expected to provide the buses as part of a scheme to have 1,000 fuel-cell vehicles in the city by 2010 and 10,000 by 2012. Visitors, says a news release, “will be encouraged to park their cars outside the city and use public transport” while in Dongtan. No petrol or diesel vehicles will be allowed in the city. And the hope is that there will be visitors aplenty. The eco-city is to be partly a tourist attraction. Yet herein lies one potential flaw. Chongming is at present a couple of hours' journey from central Shanghai by taxi and ferry. This, and its lack of five-star amenities, acts today as a deterrent to the tourist hordes. But once a new expressway, a 9km tunnel and several bridges have been built to link downtown Shanghai with the province of Jiangsu to the north, Chongming will no longer be a remote backwater. The plan is to complete this new transport artery by 2010, when Shanghai will host the World Expo—an event regarded as the city's coming-out party—rather as the 2008 Olympic Games will be for Beijing . Hence the timing of Dongtan's first phase. SIIC wants to have something to show off when Shanghai is flooded with tourists, politicians and businesspeople. Visitors will be encouraged to use Dongtan's eco-friendly public transport. But their emissions in getting there, swollen by the growing numbers as travel gets easier and other planned attractions become available, could offset the city's eco-friendly features. Then there is the risk that Dongtan will become little more than an expensive idyll where Shanghai 's wealthy can enjoy their weekends, or a dormitory town from which residents will commute to Shanghai 's city centre, polluting as they go. After all, cynics might say, SIIC is sitting on a potential goldmine that readily lends itself to just such a development. Since it acquired the land, there has been little that the company could do with it to turn a profit. In the absence of better transport links—it is 40 minutes by car to Dongtan after arriving on Chongming by boat—the land has been all but worthless. But with the infrastructure now being built this will dramatically change. SIIC insists, however, that Dongtan will grow in accordance with the demands of its own local economy and will not be a getaway for Shanghai 's rich. Yet initially, at least, the city will depend on providing leisure activities for visitors from the mainland. In other words, it will be a theme-park economy—hardly one that could serve as model across China . Later, Dongtan hopes to attract research laboratories, technology companies and call-centres, and to develop commercial-exhibition services. But such activities are possible to a large extent because Dongtan is located on the doorstep of Shanghai , one of China 's wealthiest cities. So even if Dongtan becomes a showcase for technologies and urban design that help to protect the environment, it is not clear how affordable or relevant they would be elsewhere in China . How green is my city? Even Chongming's own government, notwithstanding its eco-pretensions, does not appear anxious to push the rest of the island to follow the Dongtan model. Hu Jun, a deputy county chief, says that one solar heating-panel costs the equivalent of a year's income for a peasant. The cost of electricity from wind turbines, he points out, is four times greater than it is from coal-fired plants. As a result, he says, the low income of Chongming's residents “can't support this kind of eco-technology”. Nonetheless, Chongming's plans are ambitious by China 's standards. By 2020, it plans to source 30% of its energy from renewables, up from less than 1% at present (solar-powered street lighting is ostentatiously installed near the ferry terminals). The country as a whole is aiming for 15% renewable energy by then, up from 7% now, most of it hydropower. Chongming officials readily proclaim that environmentally friendly development requires a population that sees the benefits and understands what is required. But one of the main ways to foster such an awareness in Western societies, a vigorous civil society, is lacking in China . The country is only barely tolerant of non-governmental organisations, and fears that environmental pressure groups could provide cover for political activism against the Communist Party itself. A wetland expert in Shanghai asks that critical remarks about Chongming's plans not be attributed to him (he frets that a profusion of wind turbines, and an increase in the island's population, could threaten Chongming's birds). Even the Beijing office of WWF, an international environmental group, declined to discuss Dongtan. The local media say nothing that might embarrass the city authorities. A big part of the environmental problem arising from China 's urban growth is that local governments and companies they associate with have little to restrain them as they rush to make money. This has encouraged the rapid outward expansion of cities, rather than the more efficient use of existing space. In name at least, rural land is collectively owned by village residents. But since unelected party officials still control most villages, it is easy for local governments to seize land and sell it to developers while giving peasants little compensation. Dongtan, as reclaimed land with no permanent population before SIIC took it over, is not tainted with such a history. And most Chongming islanders, long isolated from Shanghai 's boom, doubtless welcome the government's decision to make the island's development a priority. But Shanghai 's growth, and that of many other Chinese cities, has happened with little reference to public sentiment. Even as Shanghai 's government plans a green haven on Chongming, it has been relocating tens of thousands of people from the city centre to make way for World Expo projects. The demand for cars is soaring as growing numbers are pushed into distant suburbs—a widespread phenomenon across China with cities rushing to build modern-looking business districts and erase Maoist-era housing. So, too, is the demand for better roads, resulting in a frenzy of construction across the country. According to Peter Head of Arup, the aim at Dongtan is to achieve an “ecological footprint” of two or less, meaning that two hectares of land would on average accommodate the consumption and waste of each person. Measuring ecological footprints is an imprecise and controversial science, but Mr Head says his target would bring Dongtan to roughly the level that would be required globally for mankind to sustain itself indefinitely. By comparison, he says, London has a footprint of 5.8. By Mr Head's current measurements, Dongtan would come out at 2.5 and he admits that lowering this to two will be hard. The obstacles include the effects of construction, as well as residents' expected consumption of meat (which raises the footprint because animals need grain). “There is no way you can expect Dongtan people not to eat meat,” he says. Follow the footprints A pioneer of the ecological footprint, William Rees of the University of British Columbia in Canada , has mixed views of Dongtan. It is, he says, “hardly a truly sustainable option” given that it is a new city occupying what is mostly agricultural land near a large ecologically significant wetland. He says that it is being designed to attract wealthy buyers whose way of life will be characterised by “high levels of personal consumption and large per-capita eco-footprints”. But it could be worse. It is at least less bad, he concedes, than greenfield cities for the rich based on standard urban designs and architecture. China's rapid development means it is most in need of a new approach to eco-friendly urban design, yet least able to embrace it. Despite the noble aims of its planners, Dongtan seems more likely to promote the development of other eco-cities outside China than within it. But as mankind becomes an urban species—around half of the world's population is now city-dwellers—the search for ways to reduce the environmental impact of cities has to start somewhere. Dongtan is as good a place as any.
  21. The strange and appealing idea of Growing Green crops and green energy on Rooftops, is being pioneered in Nepal of all places: "Growing on Rooftops makes use of abundant, otherwise wasted space, thus overcoming the main barrier to widespread agriculture and greening in urban centers. Green roofs can increase the longevity of a building and reduce heating and (especially) cooling costs. In Kathmandu there is a culture of using rooftops for gardening. Roofs are often strong enough to bear the weight of lightweight hydroponics systems." 2/ Rooftop Gardening in Kathmandu In 2001 GEM conducted a project entitled Household Level Waste management (HLWM) by Using Effective Micro-organisms (EM) and Rooftop Vegetable Gardening in Kathmandu City in co-operation with the Community Welfare and Development Society and the Kathmandu Municipality Corporation. The project involved workshops and training related to composting and rooftop gardening techniques directed toward local women’s organisations and high school students, resulting in the establishment of new rooftop gardening clubs whose members are interested in developing higher-yield gardens on the city’s rooftops. 3/ Organic Hydroponics · Hydroponics is the growth of plants without soil, wherein nutrients are supplied in solution in the optimum concentrations for maximum growth, generally quadrupling the yields that can be produced in the same space using conventional methods. · Hydroponics also uses less than one tenth of the water used in conventional agriculture, because water is not absorbed by the soil, and can be continually reused. · Recent projects in developing countries have shown the possibility of building simplified hydroponics systems that use human labour instead of mechanical devices for watering and testing, leading to a significant reduction in construction costs. · It has also been shown that it is possible to use compost-derived nutrient solutions rather than commercially available chemical nutrient solutions. These systems result in reduced energy use, lower costs, and do not rely on a stable supply of electricity. Water Reuse The irrigation water will be collected primarily through grey-water recycling and rainwater collection. The former will help to reduce the amount of wastewater to be treated as well as reducing the draw on current water supply systems. Rainwater collection will provide an unpolluted source that can be stored and redistributed. Its collection will help reduce the storm water runoff pollution shock caused when high rainfall events over areas with largely impermeable surfaces such as pavement and building roofs. ...MORE: http://www.alternatives.ca/gemnepal/
  22. A Normal Correction... current leg 6 is like leg 4: Interestingly this past summer's high consolidation mirrors, almost perfectly over the month or so prior to the HUI's early September highs, the high consolidation of massive upleg 4, the red one. Back in early 2004 correction 4 started out rather slowly and just grinded sideways, convincing many people including me unfortunately that the worst was behind us. Then at the very end of this correction it fell off a cliff and shredded anyone who bought in too early. Correction 4 really hurt a lot, believe me! Now today correction 6 is mirroring correction 4 incredibly well. The HUI hit 365 and created its last hurrah of false hope on the 81st trading day of our current correction. Back in correction 4, the HUI's last minor high was achieved on the 83rd day. And then after that the bottoms fell out of both corrections and they started plummeting. While I don't know if this uncanny symmetry will continue, I'd be hesitant to bet against it. ...more: http://www.safehaven.com/article-5942.htm
  23. drbubb

    The Coal Thread

    Coal Mining - China in 2003 China achieved a new record in coal production of 1,608 Mt a 15.4% increase from the 2002 total of 1,393 mt. Coal exports in 2003 amounted to 93 mt, 8.5% increase from 2002, imports reamined constant. Exports are mainly sent to Japan and Korea. China plans to form up to ten large mining enterprises, each capable of producing more than 50 Mt/y. Four top producers currently are: (together: 14.8% 2003 production) Shenhua Group................ : 65.94 mt of commodity coal Yanzhou Coal Mining Corp Datong Coal Corp Shanxi Coke Group Co Safety has been a major factor, with 6,000 fatalities in 2003 ...more: http://knows.jongo.com/res/article/10339
  24. speculative manias claim victims, and since whole families got caught up in this one, they will get dragged down together. who is to blame? the unblinking and thinking have only themselves to blame
  25. drbubb

    BP

    from this chart , i think it might fall a bit lower: perhaps 525p
×