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  • Bloomberg: Russia cuts forecast for Gazprom dividend as spending soars [View news story]
    I read a couple of articles on Bloomberg. This is the forecast of a civil servant that is safely ensconced in the Economics forecast unit of the Russian Ministry of Finance. He can forecast the price of gold, the price of oil, the amount of rain, to estimate the wheat crop, and various other things. He is a very clever chap and we should pay attention to what he says.
    Jul 7 05:18 PM | 2 Likes Like |Link to Comment
  • Pretium Resources: A Controversial Gold Project With A Lot Of Potential [View article]
    Yes, they have to list their interest if the write any reports that will be used and published in support of their geological resources and ore reserves statements. The Canadian reporting requirements are more onerous than the JORC compliant statements.
    Jul 4 06:18 PM | Likes Like |Link to Comment
  • Evaluating Caterpillar's Dividend Growth Potential [View article]
    After a python has swallowed a big deer it will look sluggish and sleepy, until it has digested its prey. Cat recently acquired (swallowed) Bucyrus and had to stretch a bit to swallow that acquisition. Wait until it is fully digested and then see how this big beast moves. I am very happy with my capital and dividend growth of Cat and am expecting to keep it for a very long time, maybe adding to my position if my finances permits.
    Jul 3 03:35 AM | 1 Like Like |Link to Comment
  • Report: Anglo American may sell $4B worth of platinum mines [View news story]
    This is such good news and long overdue.
    Jun 30 12:11 PM | Likes Like |Link to Comment
  • Ivanhoe Mines considers break-up, as mining projects face funding crunch [View news story]
    The same reasons I am holding Ivanhoe Mines, I am in it for the long haul.

    And I think that Friedland has the magic Midas touch.

    Apart from the fact that I have intimate knowledge about two of the mining areas, Platreef and surrounds, and the Congo copperbelt, I have done mine design in both geological regions and can tell you that these projects will be printing money once completed.
    May 18 06:03 AM | Likes Like |Link to Comment
  • Ivanhoe Mines considers break-up, as mining projects face funding crunch [View news story]
    That is how the big mining houses of South Africa started. The core provides the technical expertise to do the mine design, mill and infrastructure planning, for a share of the profits of the mining venture and to make investors comfortable with investments in the projects. By splitting the mines into different companies Ivanhoe mines is just re-inventing a business model that worked extremely well before shareholder activists broke down the system of big mining houses.
    May 16 12:13 PM | Likes Like |Link to Comment
  • Gazprom threatens to stop gas shipments to Ukraine on June 3 [View news story]
    Why should Gazprom sell gas below market prices to people that despise them as Russians? This is the subsidy that Russia paid to an ungrateful bunch. Let the West match that subsidy!

    All decisions have actions, the Ukrainians made a choice when they turned their backs on Russia!
    May 12 04:45 PM | 1 Like Like |Link to Comment
  • Glencore Xstrata confirms former BP boss as Chairman [View news story]
    This a jolly good news as Tony Hayward showed himself to be an excellent leader during the BP gulf oil spill. Even though the American media were extremely hostile to him personally, he did not once state the obvious truth: Hang on a minute, this is an American operation, American workers, overseen by American supervisors, using American equipment and American contractors working according to American standards, managed by Americans in charge of this division, this is an American stuff-up! He was too much of gentleman, my respect for him increased tremendously. We are so lucky - I am an old Xstrata shareholder - to have a man of his caliber at Glencore Xstrata.
    May 8 12:48 PM | Likes Like |Link to Comment
  • Report: BP to cut hundreds of U.S. onshore jobs [View news story]
    Somebody that believes that government intervention and rules is the cure to problems just make me see red.

    And for the comment to ooze irony, this little chappie might be of use?
    May 3 01:18 PM | 1 Like Like |Link to Comment
  • Report: BP to cut hundreds of U.S. onshore jobs [View news story]
    So they are going to take their oil and put in the ground in some other country?

    That is going to be sight to behold!

    Are they going to give the contract to FEDEX or UPS?

    Your comment ooze ignorance.
    May 2 07:33 AM | 1 Like Like |Link to Comment
  • Anglo American eyes exit from some South African platinum mines [View news story]
    This is a move that is long overdue. Very good news!
    Apr 21 05:45 PM | Likes Like |Link to Comment
  • Shell plans for Russian expansion draw Putin's support [View news story]
    The EU swallowed the rubbish of the IPCC and global warming extremists and stalled the exploitation of shale gas. In addition the EU is the only international body with a commissioner tasked with enlarging the EU. What we are seeing is the EU stewing in its own broth of bad judgements.

    Russia is a reliable trading partner, and with the North stream, currently commissioned, and the South Stream in the planning stage the stage is set for Russia to be reliable supplier without depending on the vagaries of the fickle Ukrainians.
    Apr 21 03:10 PM | 1 Like Like |Link to Comment
  • Gazprom stops courting U.S. investors after Crimea crisis [View news story]
    I cannot get the OTC GAZPROM shares in my ISA. There are new ISA rules coming into force in June this year, I'll try later. In the meantime I increased my BP holdings, as it also gives me exposure to Russia.
    Apr 7 01:17 PM | Likes Like |Link to Comment
  • Gazprom stops courting U.S. investors after Crimea crisis [View news story]
    I cannot buy Gazprom shares in my UK ISA share account. Why?
    Apr 5 09:25 AM | Likes Like |Link to Comment
  • Russia tightens squeeze on Ukraine with gas price rise [View news story]
    My view is that the Russians and Putin did not treat Ukraine, and indeed all the ex-Soviet republics, with the cold-hearted and non-compassionate way we are used to in the West. That was their mistake. Remember how in WWII the USA bankrupt the Commonwealth and the UK, insisting that they pay cash up front for the weapons to fight the Nazis. And even after they declared war on the Axis forces, after Pearl Harbour, the UK and Commonwealth had to pay for every rivet and shoelace the USA provided them.(*) The Lend-Lease was just a hire-purchase scheme Roosevelt started and the UK paid back the WWII debt only recently (2004?). The Russians made a mistake in the way they supplied the gas to their neighbours. They should have charged them the correct world price at the pumps. And then they could have arranged to pay a rebate over to the governments in the form of aid. This would have allowed three things:-

    1. The Russian gas producing companies would have had a higher stock market value as all the production would have been shown to be sold at proper market prices. An increased turn-over and margin on sales, good for the books of the companies.
    2. The total value of the rebate, handed to the Ukraine and ex-Soviet republics would have been properly costed, and the EU, USA, IMF would know what the value of the subsidies are and know what to expect if they want to stir trouble. It would have given Putin a big stick, the threat of the rebate cheque being withheld.
    3. The Russian banking system would have been expanded, as what I am proposing is more complicated to administer and lots of guys sitting in air-conditioned offices, tapping away at computer screens would help solve the unemployment problem and also teach them how to do international banking.

    (*) At one of the flying club meetings I heard a lovely story. The Canadians equipped their fighter squadrons with 14 instead of the USAAF compliment of 12 mustangs. When asked why, the Canadians countered by saying the Yanks charge too much for their spare parts and they calculated it is cheaper to buy extra planes and cannibalize them for spares.
    Apr 1 05:25 PM | Likes Like |Link to Comment