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Everything posted by grasslizard

  1. grasslizard

    UK House prices: News & Views

    http://www.telegraph...-customers.html Wonder how many other banks will invoke "special conditions"?
  2. grasslizard


    2nd article in 2 weeks on the Telegraph website on manipulation in the gold market. Are we being 'prepared'? The price of gold has been manipulated. This is more scandalous than Libor
  3. grasslizard


    It looks like someone else is stocking up on the shiny stuff: FT Alphavilla
  4. grasslizard


    Analysis of the COT data from www.cotstimer.blogspot.com
  5. grasslizard


    Very interesting article in the Telegraph today: http://www.telegraph.co.uk/money/main.jhtm...2/ccview102.xml Highlights: Of course this only applies to emerging markets doesn't it.....
  6. I have hosted a couple of small sites with UK based www.34sp.com and been very impressed with their service. Even with £20 per year hosting their tech guys would reply and sort out issues within minutes.
  7. South Africa's biggest gold and platinum mining companies have suspended production because of a spate of recent power cuts. http://news.bbc.co.uk/1/hi/world/africa/7208542.stm
  8. Congatulations on the article Frizzers, I wish the misprint was true! "Gold began 2007 at about £3.15 per ounce and ended the year at about £4.55."
  9. grasslizard

    Sage gold

    Try the Sage Gold investor relations / message board at www.agoracom.com/ir/sagegold/
  10. These trusts have fallen sharply over the last few days and are looking very tempting (as they were around Christmas). Does anyone know whether the sell off is just linked to the general market sell off or if there another reason? PS enjoyed the latest natural gas CWR show, excellent work.
  11. Two stories in todays Guardian: Landlords sell-off property as demand dries up HMRC targets buy-to-let landlords I would think that a red letter from the tax man could well push alot more onto the market.
  12. There's an interesting article in this week's Economist about varying valuations of miners on differnet exchanges. It says Golden China are considering shifting their primary listing from Canada to Hong Kong: (scanned) Browsing the bourses HONG KONG Companies scour global exchanges to find a better price for their shares BASED in Toronto, Golden China Re-sources is a mining company with the kind of scary but alluring profile you might expect for a firm that goes prospect-ing for gold. Established only three years ago, it is stilllosing money. But it boasts an intriguing technology using bacteriain the refining process, promising rights in China and what appears to be a growing inventory of established reserves. With bullion prices rising and economic doubts gathering, times should be good for gold producers. But on the To-ronto Stock Exchange, Golden China has lost its lustre. Its share price has fallen by half since early 2006. In response, the company has embarked on a different kind of prospecting. It is studying how different bourses around the world value companies like itself. Its findings are a challenge to anyone who believes financial markets are consistent or rational. Take, for example, the market’s view of “in situ” ounces, meaning gold that is in the ground. According to an outside analysis, Canadian exploration companies are valued at $75 an ounce on average. As refined gold now sells for more than $650 an ounce, this leaves some margin for pro-cessing and mining risk. If the deposits controlled by these Ca-nadian companies are in China, the valuation slips to $43 an ounce. This may reflect worries that China’s methods of verifying potential assets are less stringent. It may also be a consequence of more general fears about property rights in China. That would be the end of the story were it not for an odd detail. Golden China then went on to look at the valuation of gold producers listed in Hong Kong or on the Chinese mainland. The results were striking: they were valued at $18o-240 an ounce. Sino Gold, an Australian company which on March i6th made a secondary listing on the Hong Kong exchange, is priced at about $190 an ounce. There may be some simple explanations for these big disparities. For example, the Chinese companies in the study all turn a profit. But investors in gold exploration probably care more about the treasure to be unearthed than the trickle of income from ongoing sales. In fact, Golden China has hit on a broader seam of market discrepancies: the value of a share often depends on where the stock is floated. The most glaring exam-ples are provided by Hong Kong-listed firms that alsolist in Shanghai, where they almost always get a better price for their shares. No wonder Hong Kong feels threat-ened by the migration of listings to its mainland rival. More subtly, global exchanges disagree about the value they put on everything from food companies to banks, even after taking account of differences in a firm’s local prospects. Perhaps investors feel better protected and better informed by some bourses rather than others. Exchanges of-ten claim that stiff auditing and disclosure standards add a premium to the shares listed on them. But strangely, valuations right now seem highest in murky stock-markets like China’s. Bourses may also attract their own distinctive base of investors, interested in some sectors more than others. America’s markets attract the technophiles, China’s lure the gold bugs. Like retail arcades, exchanges each seem to draw their own tribe of customers who know what they want, pay a premium for it and ignore bargains that would fetch much higher prices else-where. Golden China is like an electronics store trying to sell its wares (cheaply) on London’s Savile Row rather than Tokyo’s Akihabara market. To profit from such disparities, enter-prising investors have long combed the world’s bourseslooking for cheap stocks. It makes perfect sense for companies to do the reverse: scour the world for markets that will pay high prices for their shares, thus reducing the cost of their capital. Unfortunately, bagging a higher valuation is not always as easy as listing on a different exchange. For example, lots of inter-national companies coughed up for a Tokyo listing in the late 19805, hoping to share in the euphoric multiples then applied tojapanese firms. But they were disappointed; their share prices remained tied to those back home. Golden China is considering a more dramatic migration. Already most of its 700 employees work in China. The company’s executives are thinking about join-ing them, and shifting their primary listing from Toronto to Hong Kong in the process. At the moment, they reckon the company’s $5om market value plus its debt is worth only as much as its plant and outside in-vestments, giving it no credit for its 1.5m ounces of gold. If more appreciative customers for their shares exist elsewhere why not bring the company to them? It would appear the only rational response to an irrational market.
  13. India to have hydrogen powered vehicles 5 Nov, 2006 JAIPUR: Hydrogen powered vehicles will soon replace those running on petrol and diesel, according to an energy expert. Citing the Ratan Tata Hydrogen Energy Group's project to harness fuel from hydrogen, noted non-conventional energy scientist I P Jain said on Sunday that the transformation from liquid fuel based vehicles to those using hydrogen would be swift. The technology would be avaliable within two to three years, Jain told reporters ahead of an international workshop beginning tomorrow that would explore the possibility of hydrogen production, storage and application. Currently, hydrogen costs four times the price of oil or gas but its energy efficiency is three times the conventional means, said Jain, whose research group has been working on hydrogen hydride for the last 20 years. "In the next decade hydrogen energy application would take a speedy turn as happened in the information technology boom in which every common man got a mobile handset at an affordable price," Jain said, adding hydrogen would be a substitute for oil or gas and vehicles could be retrofitted to use it. http://timesofindia.indiatimes.com/articleshow/330045.cms