Jayant Bhandari – An In depth Discussion On China
Jayant Bhandari joins me today for an in depth chat on China. We look at the recent comments by Trump and the One Belt One Road infrastructure build out that is underway. We get a lot of conflicting reports about China and its growth path but there is no denying that they are a country to pay attention to.
Click download link to listen on this device: Download Show
thin to think…….
From the New York Times bestselling author of Clinton Cash comes an explosive new political expose!
Best-selling author’s new book ‘Secret Empires’ exposes Obama-era corruption.
http://video.foxnews.com/v/5754546184001/?playlist_id=938973798001#sp=show-clips
KLDX went up 60% today on a takeover bid from HL which dropped 10%.
Love it as I just got my first tranche in place with KLDX last week, but was hoping to add a 2nd and 3rd tranche before something like this happned.
BTW – It is quite normal for the acquiring company (HL in this case) to take a hit when the news breaks as it is the company putting up the capital or paper (shares), which is shorter term dilutive to existing holders for the plan of longer term value creation.
Today was a busy day for M&A :
(ANX) (ANXGF) Anaconda Announces Intention to Acquire (MAE) Maritime Resources Corp.
March 19, 2018 /CNW/
(ALO) Alio Gold and (RPM) Rye Patch Gold Announce Business Combination
March 19, 2018 (GLOBE NEWSWIRE)
https://ceo.ca/@nasdaq/alio-gold-and-rye-patch-gold-announce-business-combination
I already had Alio from the Timmins Gold takeover, and now I’ll have more Alio if Al, Cory, and Doc vote for the merger. But will Al, Doc, and Cory oppose the merger?
What is crazy for me today is that I had Klondex & Rye Patch both being acquired, and Anaconda doing the acquiring.
Busy day for M&A !!
And I owned HL and KLDX, and Alio and Rye Patch. Now NEM and ABX may finally merge…
It’s good for the sector to consolidate some of these companies. There are too many miners and hopefully we’ll see dozens more takeovers in 2018.
It should also be noted that just 1 week ago I asked if Rye Patch (RPM) was seriously considering selling their Florida Canyon mine, as the chart on Inca Kola News indicated that the market got a sniff of.
The answer we got back from Big Al & Bill Howald was that they had too much invested to stop now that they were near the finish line. The reality is that after diluting the crap out of longer-term investors with capital raise after capital raise, they just sold the company 1 week later causing most investors that were with them any length of time to get taken to the cleaners. I don’t see this merger as a win for existing shareholders (unless they just got positioned in the last few weeks). The premium was less than exciting, and after all this wait to get into “Commercial Production” it is a huge decrescendo.
Somehow I told ya so just isn’t enough of a statement here.
That’s the last time I’ll believe anything Bill H. reports on.
IS RYE PATCH GOLD LOOKING TO SELL FLORIDA CANYON?
March 7, 2018 – KER
“Big Al asked Bill and Ira, from Rye Patch Gold about the question of selling the Florida Canyon Mine and here is the answer.”
“Guys, greetings from PDAC.”
“The board created the special committee to look at financing opportunities, not to sell. As Florida Canyon continues to move forward with positive cash flow from the mine, the goal is to start developing Lincoln Hill, and ultimately the other properties along the trend. But the way the debt is configured, revenue will go directly to servicing debt.”
“There has to be a change in the debt configuration and that is what the committee is looking at.”
“We have come to far to just walk away! We have hired Doug Jones as COO to help move the operations forward and continue the optimization of Florida Canyon.”
“Our goals are clear and we are doing everything to move forward. There’s also a new presentation on the website for you to look at.”
“This all comes from Bill by the way as he asked me to respond directly to you.”
http://www.kereport.com/2018/03/07/rye-patch-gold-sell-florida-canyon/
_____________________________________________________________________
What a steaming pile of horse crap that answer was.
In order to understand just how bad Hecla Mining (HL) financials are, the necessary blog post on IKN
3/19/18 – Inca Kola News
““We structured the deal to use our excess cash balance so our shareholders can benefit from the approximately 162,000 gold equivalent ounces a year of production while minimizing dilution.”
“As at year end 2017 HL had $186m in cash so yes, it does have the “liquidity” to shell out $157m to KDX shareholders. However, look a bit further down and….oh, what’s that? $502m in debt? Hmmm, and here’s the payback schedule on that Senior Secured (aka at the front of the queue) obligation:”
2018: $34.8m
2019: $34.8m
2020: $34.8m
2021: 518.107m
“In other words, if HL can conjure up six hundred and twenty million dollars in the next three years, all will be well. That thought brings us to Exhibit B of this post, the net profits at HL over the last ten years….”
“Do the math (and notice how generous your humble scribe is by going for the ten year period and not just the last five years) and you’ll see that HL has generated the sum total of $168.118m in the last ten years. TEN YEARS! What’s more, $151m of that came in just one year. So folks, what do you think the chances are that Hecla makes enough to pay down that debt organically by 2021? Yeah, me too.”
“Thank you for the Monday merriment, Phillips S. Baker.” – Otto
http://incakolanews.blogspot.com/2018/03/in-order-to-understand-just-how-bad.html
Unfortunately, China is sucking out the wealth of the world.
Whether it is done by the hard labor and industry of its citizens or by predatory pricing is a different question.
Nevertheless, extrapolating into the future does not bode well for the future of the US as China WILL BUY up much of the resources of the world.
Unfortunately………..the have a lot of our Bonds…… 🙂
Maybe, we could invite them to our Jubilee Party…….. 🙂
The Chinese would only go after the money, ….from the money changers…TBTF, might be a good start….Roth has the cash….and the Chinese know all about Paper.
This will initiate the jubilee, OOTB.
Hard for some to believe, but easy to do.
thanks for the post………..
They stopped buying US bonds a while ago and are taking the money as further old bonds become payable.
That money they use to finance resource buying resources in Africa, South America, etc.
China has not stopped buying U.S. bonds you moron. They buy some every month.
It appears to me that the “social” rating which appears to be starting to be assigned to its citizens is yet another sign of increasing control.
This could become scary for its citizens.
Do as the state says, or else………starve to death? as all is removed from your rights.
Atoms and molecules don’t have rights, but creatures made in the image of their Creator do, IF they will praise and thank Him. God is under no obligation to bless the thankless.
“Give thanks in all circumstances; for this is God’s will for you in Christ Jesus.” 1Thess5:18
I’m sure the Chinese government won’t give Christians a low social credit rating.
No? My impression is that communists hate Christianity. Totalitarian states hate religion because it recognizes a higher authority than the government.
U.S. EVACUATING ISIS COMMANDERS FROM EASTERN SYRIA – SYRIAN MEDIA
The U.S. is evacuating ISIS commanders via helicopters from eastern Syria, the country’s state-run news agency SANA reported on March 19 citing local sources.
SANA reports (source):
Civil sources said that three US helicopters on Monday landed in the area between the villages of al-Jissi and Kalu, about 2 km south of Tal Hamis Township in southeastern countryside of Qamishli.
The sources added that soldiers have accompanied 4 persons who were living in a house which was identified as a center for Daesh leaders from Iraqi nationality, asserting that the hovercrafts took them to unknown destination.
On February 26, two US helicopters landed in Twaimin area southeast of al-Shadadi city, transporting a number of Daesh terrorists to Sabah al-Kheir center, 20 km south of Hasaka, which the US forces are using as center for training the terrorist groups.
Accoridng to some experts, the US is going to use the evacuated ISIS commanders to build various “security threats” across Central Asia. The creation of these threats should serve as a justification of the continued US miltiary presence in the region.
In late 2017 and early 2018 reports appeared that the US had already redeployed some ISIS members from Syria and Iraq to Afghanistan.
Their affiliations couldn’t be any clearer (thanks Q)
https://qanon.pub/data/images/8bec11aeee5c4f31e4732f0c8d8fa812703f65b481e052a91598c3da2364afd5.png
Thats funny GH, you really should watch ‘communism by the back door’ on u tube
Im starting to see this “Q” who is that?
Q is a group of intel opps people. They give intel “before” it occurs. And they have been very acurate.
So, they are government intelligence operatives that are whistle blowers?
fbi,cia,types?
b………here is the site to follow……
https://qanon.pub/
stay informed…………..
b…..after you see the weekly messages, on the “Q” site………go to Dr. Corsi page for the clue breakdown..
“Q”………has been very accurate……Corsi, thinks he/they are Army Intel(patriots), or at least that is what I picked up….
I watched that one last year when you recommended it. Very good, thanks.
Another funny one is that communist Harry Dexter White “was the senior American official at the 1944 Bretton Woods conference, and reportedly dominated the conference and imposed his vision over the objections of John Maynard Keynes…After the war, White was closely involved with setting up what were called the Bretton Woods institutions—the International Monetary Fund (IMF) and the World Bank.”
So the post-WW2 global financial system was shaped to a large degree by a communist.
https://en.wikipedia.org/wiki/Harry_Dexter_White#Bretton_Woods_conference
Of course, it was FDR who empowered communists Alger Hiss and Harry Dexter White.
Another Roosevelt, Clinton (1804 – 1898) apparently inspired and funded Karl Marx.
‘communism by the back door’ on u tube
I second b’s recommend for ‘Communism by the Back Door’ (especially for Dick Tracy).
I’ve only recently started looking at Q, so can’t opine other than to say his posts are cryptic but interesting.
Funding by Soros tells a lot.
But the Chinese internet is Censored.
Freedom of speech? Without that, everything else can be taken away.
Mr. Bhandari is partly wrong.
Yes, Western industry was enticed by the cheap labor in China.
But then China STOLE technology.
China ignores Patent rights.
China ignores copyright.
China steals, period.
China steals…yup
but the americans are not exactly righteous. lol
And as for ignoring rights,
YOU HAVE NO RIGHTS – George Carlin
I found Perloff’s narrative that US/globalists gave China to the communists to be persuasive, though I’ll have to study a lot more before having a solid opinion on the matter:
https://www.thenewamerican.com/culture/history/item/4691-china-betrayed-into-communism
Off Topic, but relevant to the Mueller investigation (and Flynn’s guilty plea)
https://lawandcrime.com/opinion/how-manaforts-motion-to-dismiss-could-help-general-flynn/
Off Topic…… Mueller’s Fishing Trip:
https://www.nationalreview.com/2018/03/muellers-investigation-flouts-justice-department-standards/
If the CFTC wants to regulate the the Internet, it might start with pop-ups…
This is interesting if true:
https://www.youtube.com/watch?v=Hr7EmDY5_8o
Is Bill Still correct in believing the NSA recorded the Clinton-Lynch meeting.
If they recorded the meeting, HOW did they do it??
That implies spying on the President.
There is a difference between a cockpit recorder and recording the cabin conversations.
Billy was x pres and a citizen
Ain’t AI great?
FLAGSTAFF, Ariz. (AP) — Uber suspended all of its self-driving testing Monday after what is believed to be the first fatal pedestrian crash involving the vehicles.
The testing has been going on for months in the Phoenix area, Pittsburgh, San Francisco and Toronto as automakers and technology companies compete to be the first with the technology.
Uber’s testing was halted after police in a Phoenix suburb said one of its self-driving vehicles struck and killed a pedestrian overnight Sunday. The vehicle was in autonomous mode with an operator behind the wheel when a woman walking outside of a crosswalk was hit, Tempe police Sgt. Ronald Elcock said.
The
Here’s a link to that article:
Self-Driving Uber Car Kills Arizona Pedestrian
By Daisuke Wakabayashi – March 19, 2018
https://www.nytimes.com/2018/03/19/technology/uber-driverless-fatality.html
Not a good thing for the “Self-Driving Car” narrative, but can’t say that it is a surprise.
What is the point of having a person in the car, if he fails to stop accidents anyway?
Bitcoin is unfolding like the Dot-com Crash — just 15 times faster
Kate Rooney – 3 Hours Ago
https://www.cnbc.com/2018/03/19/bitcoin-is-unfolding-like-the-dotcom-crash–just-15-times-faster.html
That CNBC article proves the Fake news aspect of NBC.
The movement of Bitcoin in the last couple of months was almost entirely due to the Mt. Gox Trustee . Then other cryptos take their cues off Bitcoin.
Do you think you know what caused the 2008 crash?
Betya’ wrong:
Listen and learn….
https://www.youtube.com/watch?v=RrFSO62p0jk
CFS,
That Westbury guy is 100% wrong about what the cause of the 2008 crash was. He was about 50% right in what his speech covered. In essence, he misguided his audience completely. Just sayin)
In light of the discussion about AI over the weekend. e,g, use in medicine, and because of the self-driving car killing I looked up some articles on AI.
Here’s an interesting talk:
https://www.youtube.com/watch?v=BrNs0M77Pd4
Elon Musk, who is smarter than I, is scared of AI.
I think of the movies: 2001, a Space Odyssey, the Terminator, The Matrix. If you can imagine it; it may happen.
Is he really? But he’s working on a chip-brain interface.
Not that I’m saying he shouldn’t, because I don’t see how technology can be stuffed back in the box. But it’s one of the more frightening technologies being developed b/c of the huge potential for the gravest kinds of abuses.
China the next world superpower or China goes bust? I would say that’s a 50/50 bet
I have heard that as much as 45% of products made in China by Chinese firms infringe on intellectual property rights.
I have also heard that if a trade ar develops Trump may place tariffs on such products.
I made bank again this month on UVXY.
evacuation helicopters syria
Only Russian sources claim US transporting Daesh critters.
Still, lots of evidence over the last few years that the US is the backer of Daesh, not its enemy.
(DNN) (DML) Denison Announces Filing of Technical Report for Wheeler River
by @marketwired on March 16, 2018
https://ceo.ca/@marketwired/denison-announces-filing-of-technical-report-for-wheeler
74%……….thin the Deep State is running things………that is a real change….
https://www.zerohedge.com/news/2018-03-19/74-americans-believe-deep-state-running-country