Small miners facing financing roadblocks

Looking for capital to finance a greenfield mining project without a proven track record? Good luck with the big banks. Major lenders are reluctant to offer project financing to the lesser-known players, as a risk-aversion hangover lingers from the financial crisis - even though base metals prices have rallied recently. “Bankers have been more picky on project financing,” Alberto Migliucci, head of mining, oil and gas, South East Asia at Credit Suisse , told the China Mining conference on Tuesday. [more...]

Date: 2009-10-22 12:02:35

Blog posts (122) | Videos (205)
 

Pope declares Outsourcing Immoral

From Manufacturing and Technology News The Pope Pontificates: Offshore Outsourcing Is Amoral -------------------------------------------------------------------------------- By Richard McCormack richard@manufacturingnews.com -------------------------------------------------------------------------------- Outsourcing has run amok, driven by multinational corporations' disregard for everything other than maximizing profits for shareholders, according to Pope Benedict XVI. [more...]

Date: 2009-10-22 13:34:31

Fidelity Beats Marginally – Analyst Blog

Fidelity National Information Services, Inc. ( FIS ), an electronic payment processor announced third quarter earnings that marginally beat the Zacks Consensus Estimate by a penny. The company benefited from cost-cutting efforts and operating efficiency gains which offset lower software license and professional service revenue in the quarter. Besides, margin expanded in the quarter with double-digit growth in earnings. However, revenue declined from the year ago period due to weak economic conditions. [more...]

Date: 2009-10-22 15:30:37

Wow, Tech Stocks Are The Most Amazingest Investment Ever Right Now!

A friend forwards amusing commentary on the market's jubilation about tech stocks these days: So let's see, with regard to real tech end demand, I see what all the excitement in EPS season is from and why everyone is massively overweight tech: the industry is massively short capacity (they can never raise capital), there are no deflationary forces (virtualization, Moore’s law, 8x capacity from Nehalem to name a few), there is no competition [more...]

Date: 2009-10-22 16:21:58

How To Become A Bulk REO Investor

There are more foreclosures in the United States right now than we have ever experienced before. Yet well-funded investors in real estate are seizing upon this opening to profit from an profoundly profitable new opportunity. This new opportunity – known as ‘ Bulk REO Investing’ – is so huge it’s captured attention from wealthy investors and private investment funds alike. Let’s take a moment to analyze the basics of this incredibly lucrative business. [more...]

Date: 2009-10-22 12:13:14

Another Industry Insulted And Threatened By Obama – Insurance Industry

Who does Obama and the Democrats think they are?  Do they really think to demonize absolutely everyone in the nation that they can bully us into forced government run health care.   No.  Will not happen if I have anything to say about it.  This is one area that is very personal and I am the only one that can make the choices I need for me.  How about you?   DO NOT PASS THIS BILL!!!  This administration has shown a pattern of distrust, threats and intimidation and they call it Chicago politics.  [more...]

Date: 2009-10-22 13:16:27

Wall Street’s Naked Swindle!!

Taibbi’s articles are like romance novels for financial nerds! Tagline (Via RollingStone) : A scheme to flood the market with counterfeit stocks helped kill Bear Stearns and Lehman Brothers — and the feds have yet to bust the culprits (H/T To Finance Professor ) Click Here To Learn About Wall Street’s Naked Swindle Introduction (Via RollingStone) On Tuesday, March 11th, 2008, somebody — nobody knows who — made one of the craziest bets Wall Street has ever seen. [more...]

Date: 2009-10-22 18:03:51

Role of Exchange Traded Funds in Investor’s Portfolio

In last five years or so, Exchange Traded Funds (ETFs) have grown in numbers and it asset values. In my view, ETF is another form of investing vehicle available (among many others) to investing or trading community. The major attraction for ETF has been low cost expenses and fees in comparison to mutual funds and ability in trade during market hours. Like any other investing vehicles, I believe ETFs are good vehicles depending upon how/why an individual investor uses in its portfolio. [more...]

Date: 2009-10-22 17:17:37

On Rumors of Nepali Maoists, Trotskyism and Socialism in One Country

Let's not lose a sense of the actual ideology of Nepali MaoistsBy Nando SimsA bit of a strange speculation has rippled through the online world of Trotskyism. It was triggered by the circulation of an article entitled “Communist Party of Nepal Recognises Role of Leon Trotsky.” Its authors are listed as Pablo Sanchez and Kamred Hulaki.In breathless tones, this piece claims that the world’s most prominent Maoist party has announced that Trotsky was right, and Stalin was wrong. [more...]

Date: 2009-10-22 15:19:44

Add Your Comment:

« PreviousWho won the Battle of New Orleans? Lord Brian Griffiths of Fforestfach (and Goldman Sachs) says his paychecks make you rich Posted by Justin FoxThursday, October 22, 2009 at 11:09 am Submit a Comment • Trackback (0) • Related Topics:Wall Street, bailouts, banks, bonuses, fforestfach, pay I get the feeling that Brian Griffiths' words at a panel discussion in London Tuesday might go down in history as some kind of let-them-eat-cakish landmark. [more...]

Date: 2009-10-22 15:09:14

Why Would Mary Schapiro and FINRA Execs Lie?

Writing about the integrity, or lack thereof, of a senior governmental official and other high ranking financial regulators is a serious topic. Given the seriousness of this topic, I do not treat it lightly. For newer readers here at Sense on Cents , I am referring to the commentary I wrote this past Monday entitled, Attorney Richard Greenfield Brands Mary Schapiro and FINRA Execs As “Liars.” If in fact Ms. [more...]

Date: 2009-10-22 14:50:06

ScamBuster 310

With Due Respect, > > Sincerely speaking, I would want to let you know that I have been on course and based on this fact, I would want to establish a relationship, which will yield dividends in due. > Before I continue, let me introduce myself to you, I am Captain William Perrich the commander of the Special Purpose Marine Air-Ground Task Force with the United Nations troops in Iraq, on war against terrorism. [more...]

Date: 2009-10-22 07:58:09

TPG to Return $20 Million in Fees

TPG this week told investors that it would refund $20 million in fees paid this year on its $18.8 billion flagship investment fund, The Wall Street Journal reported.The move, announced during the company’s annual conference, is the second such concession TPG has made this year in an effort to soothe investors who have committed billions but seen little in the way of returns.The newspaper said the move could increase pressure on other buyout firms to reduce their fees or the size of their funds. [more...]

Date: 2009-10-22 10:06:43

Credit Suisse Posts $2.4 Billion Profit in Quarter

Credit Suisse said Thursday it earned 2.4 billion Swiss francs in the third quarter as strong results at its investment banking unit helped it bounce back from a big loss in the same period a year earlier, David Jolly reported in The New York Times.The profit, equivalent to about $2.4 billion, marked a major turnaround from a loss of 1.3 billion francs in the July-September period of 2008. It was also a substantially stronger result than had been expected in the market. [more...]

Date: 2009-10-22 11:13:14

Building a Large Sports Card Collection Cheaply Authored by Rodney Southern in EducationPublished on 10-22-2009

Building a massive sports card collection is not as complicated as it might seem on the surface. While it is true that buying sports card packs by the box or one by one can be very expensive, one can still buy already opened sports cards in bulk at a severely reduced rate. It is through this method of buying that one can accumulate a large number of sports cards without spending exorbitant amounts of money. What is even more impressive is that this method of buying is often self supported. [more...]

Date: 2009-10-22 16:00:02

Top Balanced Asset Allocation Funds – Mutual Fund Commentary

Today we are featuring top-performing "Asset Allocation" balanced mutual funds, which primarily seek total return and uses an optimization model to choose the best way to distribute assets among various classes. Investors can find such funds by checking out the entire list of the Zacks #1 Rank Asset Allocation Balanced Funds. 3 Well-balanced Picks Legg Mason Part Lifestyle Inc A ( SCAAX ) was incepted in February 1996. The investment seeks high current income. [more...]

Date: 2009-10-22 06:38:51

What Big Teeth You Have!

All The Better To Eat You With… You Tube has a video of David Rothkopf speaking a few months ago about his book, “The Superclass” at Middlebury College in Vermont.  Chris Ortiz picked it up on the Chalcedon Blog ( View it here.) and Covenant News as well.  It is an interesting video that provides lots of startling statistics on the huge and growing disparity of wealth in the world. [more...]

Date: 2009-10-22 11:37:45

UPDATE: Analyst Exposes Wells Fargo Balance Sheet Charade

UPDATE: Wells Fargo released their earnings yesterday, October 21st. The Wall Street Journal commented on Wells’ earnings by writing, Wells Fargo Leads Stocks Into The Red : Wells Fargo led stocks lower after a bearish analyst note triggered a selloff that took down J.P. Morgan Chase and other financial shares. The Dow Jones Industrial Average closed down 92.12 points, or 0.9%, to 9949.36, marking its second decline in a row. J.P. [more...]

Date: 2009-10-22 10:01:15

Forex Trading Robots, Fast And Accurate

Robot details: All that a forex trading robot really is, is a program setup and by major forex market player. The robot merely checks for short-term investments in foreign currency with the best returns and least risk for you, the investor. Portfolio diversification can be done by using the robot in conjunction with other forex managed accounts.Transacting: Firstly the robot analyses charts and numbers information available for the most liquid currencies worldwide. [more...]

Date: 2009-10-22 11:42:32

The WiMAX Smart Grid Is Here, Brought to You By Grid Net

The wireless standard WiMAX might not be the sexiest of topics, but maybe the smart grid can lend it some buzz . This morning Grid Net , a startup that has developed smart grid software based on WiMAX, is officially launching itself, unveiling its software product and announcing Australian utility customer SP AusNet , as well as a whole host of partners including GE, Motorola, Cisco, Intel, and WiMAX service provider Clearwire. [more...]

Date: 2009-10-22 12:00:34

Team is Everything

For a software startup, having a good idea is important, but a good team is essential. Good ideas are easy to find; I keep a list of interesting business and tech ideas that I constantly update and probably have a couple hundred at the ready. What’s hard to find, and is much more important for success, is a good team. What are the ingredients of a good team? Go All In: Look for “Crazy Eyes” It’s tough to go it alone. [more...]

Date: 2009-10-22 08:56:35

Altman: Not a normal cyclical recovery

Roger Altman, former deputy Treasury secretary, writes in the Financial Times: Why this will not be a normal cyclical recovery (ht Jonathan) ... for equity markets, still down 45 per cent from their peak, to make those losses up in just two years ... are eating into banks’ capital and shrinking their capacity to add assets. Funds from the Troubled Asset [more...]

Date: 2009-04-06 15:55:00

Loose Lips Daily: ‘He’s a Hustler, Too’

As much local politics as humanly possible. Send your tips, releases, stories, events, etc. to lips@washingtoncitypaper.com . And get LL Daily sent straight to your inbox every morning! IN CASE YOU MISSED IT—” The Vince ‘n’ Victor Show Continues “; “ It’s Official: Motley Running as Independent ” Morning all [more...]

Date: 2009-04-06 15:53:16

Britain's second city: the future

The Manchester Independent Economic Review, published today, sounds pretty dull. It isn't. It is the biggest review of its kind ever undertaken in Europe. The people who carried it out are experts of global renown.The key findings include:Outside London, MCR is the city region which, given its scale and potential for improving productivity, [more...]

Date: 2009-04-06 21:24:07

Detroit Schools Can Teach Us A Lesson

Fiscal irresponsibility. That’s the name of the game. I’m tired of being frugal and watching my pennies. Let us spend, spend, spend! Let's get with it. There's a new economy out there. Why are we living in the past? "it has to be world class and in such a way to make other cities envious about Windsor” Sit down and take a deep [more...]

Date: 2009-04-07 00:04:09

Company News for October 22, 2009 – Corporate Summary

• Potash (NYSE:POT) reported third-quarter earnings of 82 cents a share, versus Zacks estimates of 82 cents, as revenues fell 64% to $1.1 billion. Citing continued caution among fertilizer customers, the firm projected fourth quarter earnings of 65 to 85 cents a share • Credit Suisse (NYSE:CS) reported net profits of $2.33 billion on a surge in investment banking operations and strength in its private banking arm. [more...]

Date: 2009-10-22 14:30:15

Auto News

Chrysler Picks A123 Chrysler LLC will buy battery packs for its first ENVI extended-range and battery-only vehicles from A123 Systems, ... or the other, Chrysler will once again have new owners after April 30. Instead of Cerberus Capital Management ... ousted Rick Wagoner, Fritz Henderson appeared on two major news shows Sunday — CNN’s State of the Uni [more...]

Date: 2009-04-06 20:59:31

The breakthrough technology illusion

This post will explain why some sort of massive government Apollo program or Manhattan project to develop new breakthrough technologies is not a priority [more...]

Date: 2009-04-06 15:56:09

New York AG Charges Madoff Feeder Funds with Fraud

« Kelly on Soft Law In Securities Regulation | Main | SEC Feels Pressure to Limit Short Sales » New York Attorney General Andrew M ... with Bernard L. Madoff.  In a 54-page complaint filed in New York State Supreme Court, Cuomo alleges ... of all fees by Merkin. The complaint also charges Merkin’s management company, Gabriel Capital Corporation (“ [more...]

Date: 2009-04-06 22:50:54

A better explanation

A better explanation of what happened is now published in the WSJ today. It may not be the last word but it makes sense ... system while another one leads to its collapse? Key characteristics of housing markets — momentum ... that began in 1992 combined with the elimination in 1997 of taxes on residential capital gains [more...]

Date: 2009-04-06 20:59:35

Easier ‘Easy Money’

Jump Off I’m surprised this one isn’t making bigger waves over with Mish and the like because it’s kind of funny actually ... the department listed for evaluating private investment managers when it announced the public-private investment partnership last month. The partnership is intended to spur purchases of distressed real [more...]

Date: 2009-04-06 17:20:00

Macerich Said to Plan $400 Million Share Sale

Macerich, the real estate investment trust, has said it will sell as many as 13.8 million new shares, The Wall Street Journal reported. The owner of 72 U.S. malls, Macerich said it would use the cash to pay down part of its $1.5 billion credit line.This is the first time this year the group has tapped the equity market, previously preferring to raise capital by selling stakes in some of its malls. [more...]

Date: 2009-10-22 08:57:58

Is The Government Trying To Lose Taxpayer Money In Its GM Investment?

...Or the case for Equitable Subordination of the U.S. Treasury's GM Claim The US Treasury lent $13 ... to: (a) develop a viable and competitive business, (b) make energy efficient cars, (c) preserve American jobs ... of the government to collect on the loan. Suggestions about embarking into Venture Capital Land with untried energy [more...]

Date: 2009-04-06 17:50:00

Matt Taiibi: The Big Takeover - Rolling Stone Magazine

The global economic crisis isn’t about money - it’s about power. How Wall Street insiders are using the bailout to stage a revolutionROLLING STONE | March 19, 2009The Big Takeover-Matt Taibbi It’s over — we’re officially, royally fucked. No empire can survive being rendered a permanent laughingstock, which is what happened as of a few weeks ago, [more...]

Date: 2009-04-06 19:14:43

SEC Obtains Emergency Action Against Alleged Ponzi Scheme Targeting Chinese-American Community

« SEC Feels Pressure to Limit Short Sales | Main | Investor Alert for Stanford Investors » On April 3, 2009, ... Hedge Fund”) and WinWin Capital Management, LLC, a Plano, Texas-based investment adviser (“Investment ... control of assets belonging to the Investment Adviser and two Relief Defendants — WinWin Capital Partners [more...]

Date: 2009-04-06 23:02:16

Forex (Foreign Exchange) – Use A Little Cash To Make Lots Of Cash

What is the Currency exchange and how is money linked to the Forex? Well…the Forex involves the trading of an individuals currency to the need currency of the traders, investors, and others who are united togather for money trading all over the world. Currency is the main factor in Forex trading. The Forex Market can be traded anytime and everyplace, just so long as there is access to a PC, which is your doorway to enter and trade the Forex market. [more...]

Date: 2009-10-22 12:20:13

The dragon roars again: Julie Meyer, chief executive of Ariadne Capital

In turbulent economic times, it's reassuring to know some things don't change. A decade after she co-founded dot.com networking group First Tuesday , Ariadne Capital chief executive Julie Meyer is enjoying ... business in episodes yet to be shown. The show sets an investment limit of £50,000 on each deal - small [more...]

Date: 2009-04-06 09:37:39

The Panic of 2008

The Panic of 2008 Governor Kevin Warsh At the Council of Institutional Investors 2009 Spring Meeting, Washington, D.C ... . Decline of industrial production. Retreat in capacity utilization. Falling capital expenditures ... troughs in our economic history. They are thought by most observers to be part of the business cycle [more...]

Date: 2009-04-06 19:04:58

Interview: Julie Meyer, CEO, Ariadne Capital: The Dragon Roars Again

In turbulent economic times, it's reassuring to know some things don't change. A decade after she co-founded dot.com networking group First Tuesday, Ariadne Capital CEO Julie Meyer is enjoying another boom ... is relishing her as TV investor queen - she's already agreed to fund more than one online business [more...]

Date: 2009-04-06 16:12:55

The Financial War Against Iceland by Prof Michael Hudson

Dandelion Saladby Prof Michael Hudson Global Research, April 5, 2009Being defeated by debt is as deadly as outright military warfare.Iceland is under attack – not militarily­ but financially. It owes more than it can pay. This threatens debtors with forfeiture of what remains of their homes and other assets [more...]

Date: 2009-04-06 00:17:46

Myanmar booth highlights Muse border town in China-ASEAN trade fair

Myanmar booth on display at the 6thChina-ASEAN trade fair being held in Nanning, capital of Southwest China ‘ Guangxi Zhuang Autonomous Region, highlights the Muse border town as a town of facilitating trade and cooperation in levying tariff, companies attending the trade fair said on Thursday. There are 242 entrepreneurs of 83 companies taking part in the five-day trade fair which began on Tuesday and will last until Saturday. [more...]

Date: 2009-10-22 12:22:42

State treasury lost $19.5M to Madoff

AUSTIN — The Texas treasury lost $19.5 million through an investment in the Ponzi scheme run by convicted financial swindler Bernard Madoff. The money was part of a $224.5 million investment the Texas Treasury Safekeeping Trust Co. had with a Texas-based hedge fund called Austin Capital Safe Harbor. Austin Capital closed in May because of losses it suffered in one of Madoff’s scam investment funds. [more...]

Date: 2009-10-22 06:46:24

American Idol meet American VC!

Lots of people will tell you that getting the ‘right’ venture capital firm to invest in your deal is key ... t want to risk losing the money to find the ‘right’ deal. Last week a relatively new venture capital ... .  That his experience in the space, contacts with carriers and ability to bring significant capital to the table [more...]

Date: 2009-04-06 18:49:03

Fed's Effort To Roll Snowball Uphill Is Failing

Bernanke thinks he can manipulate treasury yields by purchasing long dated treasuries. He can't. The market is simply too big ... the Fed surprised markets after its last policy meeting by announcing it would purchase $300 billion ... Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital [more...]

Date: 2009-04-06 21:42:00

Worst business confidence since 1970 points to deeper recession

New Zealand’s economic contraction is likely to be deeper than originally forecast, the New Zealand Institute of Economic Research (NZIER) said following its latest Quarterly Survey of Business Opinion (QSBO), which is closely watched ... survey, a net 43% of firms said they expected their business activity to fall in the March quarter [more...]

Date: 2009-04-06 22:39:26

GE, Investors Back Small Wind Maker Southwest Windpower

The grand vision of small scale wind involves plunking tiny turbines (100 kilowatts or less according to the American Wind Energy Association) ... , and have announced a $10 million investment into Southwest Windpower , one of the more established residential ... s current investors, including Altira, Rockport Capital Partners, NGP Energy Technology [more...]

Date: 2009-04-06 15:01:57

CaliSTRSnication

A week ago ZH attempted to present the behind the scenes gimmicks at CalPERS, which, with its $53 billion in PE committed capital, I claimed, ... : CalSTRS, or the California State Teachers' Retirement System. CalSTRS is the nation's second ... investment expenses of investing in a fund that has yet to harvest its capital gains in the future [more...]

Date: 2009-04-05 19:44:00

Bankruptcy Time Bomb in US and UK Goes Off

Bankruptcies are soaring in the US and UK. With jobs increasing hard to find, the Downturn Pushes More Toward Bankruptcy . The ailing economy continues to pull more Americans into bankruptcy court, where the number of troubled consumers filing for protection soared in March to its highest level since October 2005, [more...]

Date: 2009-04-06 16:00:00

Stimulus Starting to Warm Up Cleantech Funding

Despite the fact that cleantech investment fell off a cliff in the first quarter of the year, talk of the “ seeds of revival ” (i.e. investment) ... , then it looks like the federal funds are actually starting to thaw the pocketbooks of the capital holders ... including Altira, Rockport Capital Partners, NGP Energy Technology Partners, and the venture ca [more...]

Date: 2009-04-06 19:28:36

The IMF Rules the World

Will the Debtors Fight Back? MICHAEL HUDSON Not much substantive news was expected to come out of the G-20 meetings that ended on April 2 in London – certainly no good news was even suggested. Europe, China and the United States had too deeply distinct interests [more...]

Date: 2009-04-06 21:01:00

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