Oldtent Archives 2007 - 2008

……ever heard of Tottsville…?

…..click on the Link under A Big Bug Bash…on the right sidebar near the top…..

…..You must come….you are inj the neighbourhood…..best FGC

When will the first royalty deal give TRE income?

sorry i haven’t been prompt keeping up with the board. just get to duck in occasionally now. things should slow down soon. about the oil companies, you really have to define which segment you wish to review. the stock of the majors usually move with refinery margins. the service companies with new field discovery and old field production enhancement. exploration is always red hot at the tops.

you really have to follow the history of individual companies. some are world wide while others like to really concentrate on a small area. this is a really tough area to invest because it’s so hard to get all the data. the more i look around, the more i think we need to be closer to the actual physical commodities and not the paper. sometimes that’s extremely difficult to do as a small investor, but i’m really getting cynical about leadership in corporate america and their partners in government.  if we have physical in possession, at least we exercise some control over the situation. i hope to be totally out of debt and be self sufficient in about 6 weeks. bought a couple of diesel vehicles and am outfitting a trailer with a transfer pump and tank. a few midnight raids to the restaurants in the area are in order.

i do believe that oil and commodities will be very volitile and “shortages” will develop (real or fabricated). if farm commodities are any indication, we are in for a “balancing” in the total economy. cushing is still full of crude oil, and the supply is witheld until price goes up. no government watchdogs in sight anywhere. agriculture and petroleum are set up to bankrupt many producers, and just like the pm, nobody has a clue.

later

rno

Who has inked 16 royalty deals, already………………..it was 13 about 3 years, ago……..

…linked at Charts Section……beauty

Sorry GR, but the answer is very simple: Jim Sinclair.

If not for JS, how attractive would be the title Tanzanian Royalty Company?? (I liked Tan Range much better). Without JS’s word that Tanzania is the most stable country in Africa and a great place to invest, we wouldn’t know that, would we?

Don’t get me wrong, JS is a tremendous asset. The company doesn’t need to spend fees on PPs and dilute at cheap prices, since JS tosses in another million at market price whenever needed. We know that the management here will be totally honest with the shareholders and look out for their interests, which is no small commodity these days. True that the assets have value, and over the years TRE value will appreciate, maybe tremendously, but at present I believe that without JS the market cap wouldn’t be more than $100M at the very most.

In business terms, a royalty venture is a specific type of joint venture like a dump truck is a specific kind of truck.  BTW, and I don’t mean to be a smartazz, but what color are your sheeep?

Thanks for the great welcome. 

I’m from Kitchener Ontario, Canada.

(still learning how to use this site)

Last week, the Bush administration said it could accept a proposal to fund future IMF activities through gold sales — the sale of 12.9 mln ounces would generate an estimated 10 to 12 bln usd at current prices.

But there’s a catch, and it’s a big one: the US is tying its support for gold sales to IMF reform.

Some of this reform involves steps that are already underway. Treasury Undersecretary for International Affairs David McCormick said last week that IMF Managing Director Dominique Strauss-Kahn is already working diligently to cut staff, and said the IMF has begun the work needed to revamp its voting structure to better reflect fast-growing emerging economies.

But he also said the IMF needs to shift its focus to three major areas. These are tougher surveillance of currency regimes of IMF members, continued work on guidelines for how sovereign wealth funds should operate around the world, and collaboration with IMF members to help avoid financial crises.

McCormick tied these objectives directly to US support for IMF gold sales.

‘We recognize… that with the Fund’s mission placing greater emphasis on surveillance and financial stability — and less emphasis on lending — the IMF will still require new sources of income,’ he said.

‘The United States will help ensure that the IMF has adequate resources to fulfil its vital global mission by seeking authority from Congress for a limited sale of IMF gold.’

Here exists a major roadblock to the sale of IMF gold. In essence, the US has given the IMF a 10 bln usd incentive to undertake tough reforms, but the question remains: is the money enough of a temptation to change, particularly on the issue of tougher currency monitoring, something the IMF has resisted?

In the US, tougher IMF monitoring of foreign currency regimes is a demand that is about five years old, and is related to growing US industry demands that China be pressured to let is currency appreciate more quickly against the dollar. Many companies see the undervalued yuan as a factor that leads to cheap imports from China, which in turn, they argue, hurt US companies and jobs.

http://www.forbes.com/markets/feeds/afx/2008/03/07/afx4747406.html

It is unfortunate…but true.

A simple process of flushing the toilet could end the pain…but no…not in America…the world power…a nation of sheep.

Any day, I expect some government official to unveil the John Galt plan to save the economy.

Galt, the hero of Ayn Rand’s magnum opus “Atlas Shrugged,” stops the world by going on strike. He and the “men of the mind” literally withdraw from the world after watching their wealth confiscated by the looters (the government).

Toward the end of Rand’s 1,000-plus page novel (or polemic), the economy is in shambles. Desperate, the looters kidnap Galt and prod him to “tell us what to do.”

Galt refuses, or rather tells them “to get out of the way.”

Road Is Cleared

You probably can sense where I’m going. Today’s economic and financial crisis would resolve itself more quickly and efficiently if the government got out of the way. Yes, there would be pain. Some banks would fail. Others would clamp down on credit to atone for the years of lax lending standards. Homeowners-in-name-only would become renters. Housing prices would fall until speculators found value.

That’s not going to happen. The bigger the mess, the more urgent the calls for a government solution, the more willing government is to oblige.

We want laissez-faire capitalism in good times and a government backstop against losses in bad times. It’s a tough way to run an economy.

http://www.bloomberg.com/apps/news?pid=20601039&sid=avFnuh9oWHVo&refer=home

Just been thinking about some recent post s of mine and realised how all these damn charts, speculations, projections, divination’s and hopes of goldbugs is based on false data.

How is it the 2nd/3rd/4th however you want to calculate it gold mining country in the world, Australia, is not represented in these indexes, for that matter any other place other than SA which seems to be going down the mine literally.

It’s the “empire” thing, I know, being listed in the US is all that matters, but the sooner the “centre of the universe” shifts, the better IMO.

(”centre” is edited and correct as it is my cultural perception)

Lots of great Features here….try the different Themes…dropdown menue on right sidebar…

Where are you Located for the Locator..?

arch0708.goldtent.net/2007/09/16/paradise-locatorif-you-are-not-on-the-list-please-post-your-location-and-we-will-add-you-and-if-your-location-is-wrong-plase-post-correction/

must be a fairly fine one to you.

I believe the answer is 16………………..

I also believe that TRE simply signs a contract with the producer to drill and to produce within a certain time-frame, or the contract is void…..and TRE is free to whatever they want with the property.  Thus, TRE has no responsibility to build the mine, etc……..only to find an interested miner to do all of the work.  TRE receives a royalty payment per ounce in return. 

TRE, IMO, has the right to keep any particularly good property to develop themselves, or to due a royalty deal on closer to production when the royalty rates would be higher.