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diggers and dealers conference
blacksheep
post Posted: Aug 10 2019, 12:04 PM
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In Reply To: nipper's post @ Aug 9 2019, 08:17 PM

Any sign of the kebab shop sponsorship from NCZ this year at D&D? biggrin.gif
Diggers and Dealers: New Century sticks with the kebabs as zinc play nears production

https://www.theaustralian.com.au/business/m...ae6244003e5160e
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Attached File  Dj1x6L2UUAUaac6.jpg ( 47.8K ) Number of downloads: 0

 




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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
triage
post Posted: Aug 10 2019, 08:23 AM
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In Reply To: nipper's post @ Aug 9 2019, 08:17 PM

The Ramelius boss mentioned a few months ago that the rising cost of labour was a major reason why his firm's AISC was higher than planned, and the Dacian boss clearly blamed shortages of maintenance dudes for one of their contractors not delivering on production levels. But the Perth real estate market continues to say the crazy times of a few years ago have not returned to WA. I think the construction boom required far more workers than the production boom does, so yeah there might be shortages in certain trades but not for general rousabouts.

I think, in terms of investment, the shortage of funding to parts of the sector is more interesting. After Gascoyne, and the stumbles of Dacian and a few others, I suspect it will be hard work for a start-up goldy to get funding, either debt or equity, to drill out prospective areas and develop those areas into working mines. But the gold producers like Ramelius and Silver Lake who are sitting on torrents of cash flow from the jump in gold prices are well positioned to take out these wannabes cheaply and self-fund these developments. I'm not sure whether the money to be made is buying the wannabes or buying the predators. Explaurum shareholders certainly did well out of Ramelius taking them over (I don't know enough about Silver Lake's current target but from what I've read it looks to be a far better prospect than Explaurum and Silver Lake wants to pay less for it than Ramelius paid for Explaurum).



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"The market can stay irrational longer than you can stay solvent." John Maynard Keynes

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nipper
post Posted: Aug 9 2019, 08:17 PM
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QUOTE
Analyst Cooper Rogers travelled to Kalgoorlie, Western Australia to attend the annual Digger and Dealers mining forum this week. With over 2,450 registered delegates, the highest since 2011, the Digger and Dealers forum provides great insight into the outlook for resources and mining services companies.

Overall, the tone of the conference was positive and attendees' sentiment was buoyant, given record high gold and iron-ore prices. Currently, booming commodities are gold, nickel and iron ore, and declining commodities are lithium and uranium.

The conference also highlighted that labour rates are starting to increase in certain trades such as mechanics, fitters and boilermakers. Drilling and equipment hire rates are approaching full utilisation and are starting to see signs of improving rates.

Exploration is rising from the larger producers, however funding has not flowed to smaller explorers although anecdotal feedback suggests that this may change in the next six to 12 months. There is also an increasing focus on technology and automation by bulk commodity producers with examples being the ongoing conversion to autonomous trucks.
wam



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: Pendragon  henrietta  triage  
 
blacksheep
post Posted: Aug 14 2017, 08:40 PM
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In Reply To: blacksheep's post @ Aug 11 2017, 07:42 PM

Some views from Warwick Grigor of Far East Capital

Diggers & Dealers Debrief, and a little bit of alchemy

http://www.fareastcapital.com.au/imagesDB/...2August2017.pdf



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: triage  
 
blacksheep
post Posted: Aug 11 2017, 07:42 PM
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QUOTE
Five 'Undiscovered Gems' from Diggers
Matt Langsford, Terra Capital: Tawana Resources NL (ASX:TAW)
Hedley Widdup, Lion Selection: Northern Star (ASX:NST)
Sam Berridge, Perennial Value: Perennial Value: Metals X (MLX)
Steve Thomas, Katana: Northern Star (ASX:NST) and Saracen Minerals (ASX:SAR)

The commoditIes with the best outlook
Matt Langsford, Terra Capital: Cobalt and lithium
Hedley Widdup, Lion Selection: Tin and Gold
Sam Berridge, Perennial Value: Base metals

The undiscovered gems
Sam Berridge, Perennial Value: Finders Resources (ASX:FND)
Matt Langsford, Terra Capital: Oklo Resources Ltd (ASX:OKU)
Hedley Widdup, Lion Selection: Egan St (ASX:EGA), Calidus and Riversgold
Steve Thomas, Katana: Breaker Resources (ASX:BRB)


see link for full details
https://www.livewiremarkets.com/wires/the-g...il-from-diggers



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: henrietta  
 
blacksheep
post Posted: Aug 7 2017, 05:28 PM
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Diggers and Dealers: This ‘abnormal’ glistening golden era can’t last, warns former World Bank president Robert Zoellick
Stuart McKinnon
Monday, 7 August 2017 12:57PM

QUOTE
Former World Bank president Robert Zoellick told delegates at the Dealers and Dealers Mining Forum today not to take the past nine years of expansionary global monetary policy for granted.

As the keynote speaker at the annual mining conference in Kalgoorlie, the former managing director of Goldman Sachs said the period since the global financial crisis had been “abnormal” and that “things would change”.

He said the balance sheets of governments in western economies had soared by $US13 trillion since the global financial crisis, pushing up asset prices and pulling down interest rates.
“We tend to assume this will continue, but it won’t,” the former US deputy secretary of state said.

Central banks were looking to return interest rates to a more historically normal setting without triggering a downturn, he said.

“We tend to see central bankers as financial wizards but most are simply making it up as they go,” Mr Zoellick said.
By keeping interest rates low, central banks were simply borrowing demand from the future in a bid to smooth things out but they were actually digging a hole.
Mr Zoellick suggested delegates should prepare for a pullback in asset prices.

He was speaking to more than 2000 delegates attending the annual three-day mining conference in Australia’s gold mining capital.

https://thewest.com.au/business/diggers-dea...k-ng-b88560171z




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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Aug 7 2017, 04:37 PM
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Diggers & Dealers –
Deloitte WA Index top movers 2017
Contents
Executive summary

Diggers & Dealers – Deloitte WA Index top movers 2017
Commodities and precious metals.
The digital mine: what does it mean for you?
Jobs, automation and the people agenda: delivering the digital revolution in mining
WA’s Top 100 listed companies.
Compilation of the Deloitte WA Index

To download the report see link
https://www2.deloitte.com/au/en/pages/about...ition-2017.html?



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 7 2017, 12:27 PM
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In Reply To: blacksheep's post @ Aug 7 2017, 12:22 PM

Multibillion-dollar investments in resources industry set to continue
Stuart McKinnon
Monday, 7 August 2017 11:20AM

QUOTE
Multibillion-dollar investments in the resources industry will continue despite the mining boom being over, Diggers and Dealers Mining Forum chairman Nick Giorgetta says.

Addressing more than 2000 delegates at the annual mining conference in Kalgoorlie, Mr Giorgetta said there was a misconception that mining and energy investments in Australia were finished.

“In reality, billions of dollars will need to be invested in the resources sector in the next five to 10 years, just to maintain the current production levels,” he said.

“In iron ore, for example, the forecast production is heading towards 900 million tonnes per annum, three times what was produced 10 years ago.
“This means that the current operating mines will exhaust rapidly.”

Mr Giorgetta said new infrastructure would need to be built and new mines opened just to sustain production.

“Obviously, this will require billions of dollars in investments by the major iron ore producers,” he said.

Mr Giorgetta said LNG was another sector that would be forced to make big investments in the next three to five years.
“So no boom in sight, but multibillion-dollar investments will most certainly continue,” he said.

Mr Giorgetta said the mining sector needed to do a better job of communicating the important role it played in the economy and in communities.

The annual, three-day Diggers and Dealers conference kicked off this morning in a mood more buoyant for commodities than recent times.

Highlights at this year’s conference include keynote speaker former World Bank president Robert Zoellick, Roy Hill boss Barry Fitzgerald, Fortescue Metals Group chief executive Nev Power and Gold Fields global chief executive Nick Holland.

https://thewest.com.au/business/diggers-dea...e-ng-b88559950z



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 7 2017, 12:22 PM
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In Reply To: blacksheep's post @ Aug 4 2017, 10:30 PM

Diggers and Dealers: China's $11 billion surge on Perth Mint's gold brings miners their aura
ABC Rural
By Babs McHugh
Updated 31 minutes ago
First posted about an hour ago

extract
QUOTE
The seemingly insatiable hunger from China for Australian minerals goes well beyond bulk commodities like coal, iron ore and increasingly LNG.

Despite China being the largest producer of gold in the world, exports of Australian gold to the middle kingdom have soared in the past six years.

The Perth Mint sold $11 billion worth of bullion to China last year alone, and demand continues to climb.

Demand is so strong that Perth Mint brings in gold from mines in other countries like Papua New Guinea and New Zealand, and jewellery from south-east Asia that is refined down to the Mint's signature 99.99 per cent gold bullion.

It gives added impetus to the gold miners, gold hopefuls, financiers and service companies which have descended on Kalgoorlie-Boulder in Western Australia for the 26th Diggers and Dealers mining conference.

The three-day conference will also feature a growing number of the tech metal companies which have shot to the fore as renewable energy infrastructure and storage requirements grow.

The tech metals complex includes minerals like lithium and cobalt and despite not being metals, the complex also includes rare earths and graphite.

But it is gold miners large and small, local and international, that will — as always — dominate proceedings.

For thousands of years gold has maintained its allure and status as a both a currency and a currency storage, or so-called safe haven.

Geopolitical risk and response to events like the election of US President Donald Trump and the Brexit decision for the UK to leave the European Union are helping drive a 21st century gold boom.

In Australia, the lower dollar means the international gold price of around $US1,250 sets the price for an ounce of gold in Australian dollars around $1,590.


http://www.abc.net.au/news/rural/2017-08-0...nt-gold/8774586

Despite the early feelgood vibes from this event, several gold miners who are presenting are in the red today




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
arty
post Posted: Aug 5 2017, 01:09 PM
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In Reply To: blacksheep's post @ Aug 4 2017, 10:30 PM

QUOTE
Another "peaceful" protest also taking place at the D&D is by a group protesting Aboriginal justice issues
Nothing wrong with staging a protest, and Aborigines may indeed have a reason to be dissatisfied with the way the Legal System treats them. But I fail to see a connection between their grievances and the D&D Conference.
Another unanswered question in this particular context, one that I haven't even heard or seen asked:
Where were all these protesters, where were the boy's friends and relatives, when he stole another man's property? What if they had taught him right from wrong? The difference between "mine" and "yours"? Would the tragedy have happened if he'd been told to bring the bike back to its rightful owner? Or not steal in the first place?



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I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
 


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