It must be bad when the BIS and AEP warns What's this - the mainstream press giving the same sort of warning that sites such as Zero Hedge and King World News have been reporting for months? No chance. I see this piece as a bit of bluff to keep the real dangers and horrific consequences hidden from the masses, but when the crash comes, they (and I'm not saying who they are, the BIS, the author, others?) they can say "We did tell you.""BIS fears emerging market maelstrom as Fed tightensGlobal debt levels are dangerously high and central banks cannot keep the game going indefinitely, warns the high priest of orthodoxy"[link] Jim Sinclair and read Egon von Greyerz on KWN to get the full facts and get the news first, and not the sugar-coated version.
Guangzhou "Preliminary Results for the year ended 31 December 2013 23 June 2014...Highlights...· Successful trade exhibitionso ...o ...o Chinaplas 2013 in Guangzhou" - end of extract.The Merriam Webster dictionary defines successful as -"having the correct or desired result : ending in success: having gotten or achieved wealth, respect, or fame"[link]
Transformational development ... Any news of the AGM?Any news of the Transformational development?Any news of the acquisition?Any news of the Chinese deal?Any news of the royalties?
Recovery? All "shutting down" At the bottom of that page - this sounds dire -"After the Interview:Rob Kirby also said that one of his contacts in Dubai told him, Everything is shutting down. The economy has turned to mush. Kirby also says his other contacts around the world are all telling him the same thing. Kirby predicts, Bad things are coming soon. Bad things are happening already around the world where you cant lie about it to cover it up. You can find free information on the home page of KirbyAnalytics.com,"
Recovery? "Rob Kirby says forget what you are hearing about the so-called recovery. The powers are hiding a coming collapse."[link] he is talking about the USA - but we live in a global economy so it will affect us, and many of the points about economic matters apply here too."The American economy is being propped up with fraud and crime and time is running out. Kirby explains," - I think Max Keiser said that 75% of the UK's GDP is based on fraud.All nothing more than chit chat and waffle to pass the time as we wait for the ENRT sp to get back to 2p (or drop to 0.05p?). Nothing in any of my posts is intended to be advice nor to be taken as being any recommendation to take action.
The need for cash - finding it tough Condor Gold is considering putting itself up for sale because of the difficulties in getting the cash it needs."Furthermore, there is no guarantee that either equity or debt financing for the construction of the mine and associated infrastructure can be secured on satisfactory terms"[link] hope the royalties from Brownwater and that million pound plus order come flooding in to ERT - and soon. I wonder if this is why we are waittig for the AGM - they are waiting for the royalties to come in Sept so they can announce the good news at the meeting. All guesswork on my part and not based anything more than a hunch.
Re: AGM Any news of the AGM?Does anyone remember being told about a potential Chinese deal being in advanced discussions and then the documents being with the lawyers?We were given statements which descrbed the discussions as advanced and that the documents were with the lawyers - giving me the impression that this was close to being signed off - but no one on here seems to care that it could just disappear without a word of explanation in the Prelims.Will it be mentioned at the AGM (whenever that is)?
"Recovery" over? The business news section of the Today programme had guests telling of the decline in confidence in British companies.They had been feeling confident due all the talk of recovery but was that because they fell for propganda and fiddled statistics? Was all the talk of recovery a load of bluff? In the alternative media, people such as Gerald Celente have said all along that there was no recovery - it was all fake.King World News has a few articles by Marc Faber.[link]
Re: The Terrifying Dark Years Oh dear, I think that my post has not been seen for what was intended. It was an attempt at humour to lighten the depressing, incessant predictions of doom and gloom by you know who.One can but try.
The Terrifying Dark Years Were at the time when I was married to. ..... On second thoughts, don't even think about it! It's still terrifying.
Picture emerging We need to exercise caution when reading opinion pieces and forecasts, but by reading several sources we see a picture building up. "The Terrifying Dark Years Have Begun" by Egon von Greyerz. "devasting falls in stock markets worldwide"[link] that Greyerz wrote - "Central banks are panicking" - from another source -"The IMF Just Confirmed The Nightmare Scenario For Central Banks Is Now In Play"[link] that ones ends - "give the market and the media the usual 6-9 month head start to grasp the significance of all of the above".
A Dollar Crash of Biblical Proportion! Extract - "Meanwhile China has sold $100 billion worth of Treasury bonds over the last two weeks. Bill warns, the leverage in all markets suggests a holiday will occur because the unwinding cannot be orderly."[link] should be interesting. May you never live in interesting times!
Oil - Bloomberg "So Much For Bloomberg's New Bull Market In Oil"[link] other posts about the MSM and what we are told and deciding what and who to believe."Central Banker Urges Lying To The Public About Bank Health"[link]
Raising funds is getting tougher I have recently commented on tighening of credit - could this be an example of what others have warned about? See my earlier posts."... regarding the subscription to raise £295,000 (the "Subscription", Alexander announces that due to the non-receipt of funds, the Subscription will not be proceeding as planned at this time. As result, the Company has inadequate working capital until an alternative financing can be arranged and has requested the suspension of its ordinary shares from trading on AIM...."[link] is nothing more than chit chat and waffle to while away the time as we wait a little longer for a deal, the AGM, news of revenue coming in or some other good news. It is not intended to be advice not any recommendation to take action - but it is all worhtwhile reading - better than stuff like we will hear in two to three weeks, it seems clear to me or "a little longer"..
Variations on a theme. "In the case of a widespread Gulf conflict, $40 per barrel would be missing at least one zero ".Richard Hastings Global Hunter Securities.