Forum Replies Created
Moxi it's not pessimism it's called realism. I'm in logistics directly related to resources. I make business decisions based on reality not hope.
Woomera is 18% of SA in land area. It already has several miners active in that area. The geology is reasonably well understood as well as its potential. Only about 80% of Woomera will be available, the remaining 20%+ will stay exclusive for testing purposes.
- We have more supply of the major ores (iron, aluminum, lead, copper etc) than the world can absorb presently. It may take another 2 decades to grow into the current supply capacity.
- Uranium has a big question mark over it as China reevaluates its own nuclear energy program, Germany and Japan decommissions out of nuclear and alternative nuclear reactor fuels become viable.
- Gold is usually mined in conjunction with other minerals like copper. As it increases in value it will make currently uneconomic deposits viable however it's a very small player in the resource space.
- Compounds required for tech and high tech applications will probably see growth (graphite, silver, rare earths) over the coming years but still only represent a fraction of the resource industry.
- Oil and gas will take the lead in resources – shale gas/oil may have some legs in the future but it's still early days in Australia
- thermal energy looked promising early on but is apparently dying a slow death as the economics of it play out.
If your going to take a punt on RE on a resource demand basis then you have to look at the major resources, coal and iron ore. It's only the big resources that push local areas hard and drive demand in local towns. Olympic Dam will probably muddle along for decades unless they can find;
- a significant market for uranium, and
- a way to separate copper and uranium economically.
SA is probably the least attractive state to invest in my opinion and Woomera holds no more opportunity than a thousand other places around Australia. Qld got its lift from coal and gas. WA got its lift from iron ore and gas. SA by comparison has no major resource but instead a fragmented resource profile of many small mine operations. Now that OD has been put on the back burner there is no real driver that will lift SA like the other states. Until there's a business case for investing in SA I'd personally look elsewhere.
kylermrice wrote:I think we will be ok…I wish I could share your optimism unfortunately our leaders are making all the same mistakes we made in the past that led to conflict and ruin.
Quote:You don't have to be number one all the time.No but they all want to and expend endless resources towards that goal.
Quote:It's no doubt our people need a realty check.Not just yours.
When bad men combine, the good must associate; else they will fall one by one, an unpitied sacrifice in a contemptible struggle. Edmund Burke –Thoughts on the Cause of Present Discontents 1770
kylermrice wrote:Last i checked we are still number 1…
But you're loosing ground at a rate of knots…
ET is an impoverished country with less than 200k people. It's at the bottom and after years of turmoil it's starting to settle into its new identity. The only way left for ET is up. At the moment Dili is a western city extension come hub for economic development. Currency is USD and living costs are comparable to AU. Govt has recently anounced a $1B infrastructure spend in a growth plan designed to bring ET into the 21st century.
The opportunities there are obvious although I believe long term. Its been touted as possibly the next Bali in that region. ET has huge potential for tourism alongside its natural gas/oil assets.
I can't think of anything that offers upside potential like ET does.
Heat is shed via a heat exchanger (same as a radiator). Just like your car if you block airflow through or to your radiator your car will run hotter. In terms of AC's that substantially drops the efficiency. It can take longer to pull down internal temps or your unit simply runs longer to achieve the same result.
Most external units are poorly positioned. More often for convenience, cosmetics, cost etc rather than efficiency.
You can run a fine hose with a mister tip to help improve heat transfer (water is 25X more efficient than air) in very hot conditions. Set up correctly the mister delivers enough fine water particles into the air steam to evaporate off without the problem of water pooling.
Human body works exactly the same way. The evaporation of perspiration is the heat exchange mechanism. If perspiration can't evaporate (high humidity) your at risk of over heating. Prepubescent children have poorly developed cooling systems (low ratio of sweet glands compared to adult ). A child who is sweating in a hot environment is probably at their cooling limit and near to heat exhaustion. Kids left in a hot car will struggle to survive past 10 minutes.
Sounds like a worthless piece of dirt in the middle of nowhere looking for a new sucker I mean owner.
Just watch you don't kill your air flow. Drops efficiency bigtime.
Canadians are the single biggest investment group in the US market. What does that tell you?
Mines are already there moxi
A bit of SA state govt feel good PR. Wouldn't get too carried away with it. You'll be bouncing great grand kids on you knee by the time mining booms again.
zmagen wrote:. can anyone confirm/contest/shed some light on these assumptions?I reckon you're bang on the money. I hear there's cheap property in Libya, Egypt and Syria at the moment.
Jac's when did I not endorse PI per se.
I'm so misunderstood..
20 years from now you'll be kicking yourself for not listening to Uncle Freckle.
Intrigue wrote:Xdrew I understand what you say with respect to the AUD being a safe haven. You mention 'it remains at an abnormal high'. Are you saying you dont expect the AUD to drop anytime soon or rather it is abnormal and thus should return to normal?
AUD is/was basically considered a resource currency. While resources did ok the currency rose. It would normally fall when resources declined but not this time. The AU economy has stood up better than most after the GFC so is considered now to offer some protection to those looking for safer places to invest and park their wealth. AU's currency now has an element of safety that was usually the domain of the US dollar. That's created a few headaches here and a belief that our dollar is too high. Personally I think it's about right. A high dollar hurts exports, a low dollar hurts everyone.
Quote:Freckle thank you for trying to help me with the $ question. Think I've almost got it. Today Silver is AUD 34.14 or 35.07US. lets say the price of silver was the same as it is today but the AUD was 50c to the US dollar. The silver is US would be worth the same $35.07 but in AUD it would be $70.14…. Am I right.Bang on!
Quote:the person that took money out of their offset to purchase silver, would find it hard to win as the price would need to rise at least 7% per annum to be in front?Yep!
Quote:It seems from what you are saying such a speculator would be better to play the rise and fall, or not at all?Not necessarily. All investment is speculation to some degree. Day trading is hard work and few actually make any more than lower frequency trading. People take positions based on their belief about what might occur over certain time frames and tailor their position to match that expectation.
Quote:xdrew wrote:Freckle wrote:Silver in US$ terms is up nearly 400% in the last 4 years.Silver is up over the last 4 years for a good reason. People are nervous about investing in anything else .. especially with a president who successfully CONFISCATED Chrysler and flogged it to the Unions. That still doesnt make it a sound commodity.
Does for those making a quid out out of it.
Quote:Freckle wrote:In AU$ terms a little over 200% (indicates rising AUD vs USD)The Australian dollar has become a safe haven due to its reasonable stability in times of crisis. It remains at an abnormal high (the TWI thanks to mining and raw animal sales has very much been export oriented)
Agree on the safe haven thing but what's 'abnormal' these days?
Quote:Freckle wrote:Silver is traded and priced in US$.
Again … its just a commodity. The price of live sheep .. canola oil .. and sugar are all rated in $US currency .. so?
Hmmm.. so what?
Quote:Freckle wrote:If the AU$ falls the price of silver in AU$ rises accordingly. Its a hedge against a falling AUD.Silver remains neither a hedge against the oncoming inflation .. nor a indexing towards holding US dollar value. The hype and merit towards silver as portrayed in the 'alternative' media .. makes it into a commodity its not. There is a time where its fairly valued. That was 1994. There is a time when its undervalued. That was 2006. And there is a time when it was overvalued.
That was Nov 2011- May 2012.
Not necessarily a hedge against inflation because its value doesn't always track with inflation adjusted values. I use it as a hedge against a possible fiat collapse or serious correction. Will it be effective – time will tell I suppose. In the meantime it continues to appreciate over the longer time frame. Is it a hedge against a falling AU$ – my guess is yes given that it's value is US$. Again we'll see.
Fair value? What's fair value? Talk to ten people and they'll all give you a different answer.
It's primary use (60%) is industrial just like all the other metals out there. Where it differs is in its speculative use. The same could be said of copper at this point.
- Silvers industrial demand continues to grow. 355 mil oz in 2002 to 486 today and predicted to reach 655oz by 2015 (optimistic I think)
- Its availability is decreasing. Perth mint cannot meet demand currently.
- There is less silver above ground than gold.
- speculative demand is growing as the global situation continues to deteriorate.
PM's seem to illicit a fairly emotive response from many people. I personally don't get that carried away with it. I follow PM's simply because they're interesting and offer some opportunities via small cap miners. They're trendy at the moment and sentiment is increasingly swinging their way so I'll go for the ride and see if I can't make a buck or two along the way.
mattsta have a look at Timor Leste (East Timor). It's one of the few places in the world with so much upside it's not funny.
It's also on your doorstep.
And with all that dosh you make you can buy land on the moon… only $29.99/acre. Think what it'll be worth in a few years.
Paullie wrote:The end goal is to make money selling books and doing seminars.and don't forget property funds where you can really score big time with upfront fees.
Almost forgot… overseas RE tours. Luv that perk
ROFL….. almost right Paulie.
I (and others) am Yang (light) the forum is Yin (darkness)
Ziv wrote:To be delicate, all of the above is either not quite accurate or no longer quite accurate, at best. In other cases its much closer to outright blindness on your part, no offense. Those days, if they were ever truly here, are long gone for the US.ROFL…….. you sweet talker you……
I can see where Don's coming from but I agree his patriotism clouds his perspective somewhat. I pretty much disagree with every point he makes.
Didn't I tell you…. I also chew tobacco
Silver in US$ terms is up nearly 400% in the last 4 years.
In AU$ terms a little over 200% (indicates rising AUD vs USD)
Silver is traded and priced in US$.
If the AU$ falls the price of silver in AU$ rises accordingly. Its a hedge against a falling AUD.
