My New Book – Gold Production from Beginning to End

GoldProduction3DCover

Gold mining is arguably one of the most misunderstood industries in the field of investing. Many investors lack a basic understanding of how gold is produced and have unrealistic expectations about how long it actually takes. They are confused when mining companies encounter hurdles that must be overcome. Some seem to think that starting a mine is like turning on a switch. As a result, the prices of gold mining stocks are subject to wide volatility.

In this book, you will learn what it takes to produce an ounce of gold from beginning to end. You will read about all four stages of gold production, from exploration and mining to processing and refining. The topics covered include the different types of gold deposits and how they are found, as well as drilling techniques and how deposits are classified. Other topics include mining methods, such as bulk extraction and sublevel stoping, and an overview of special techniques used to process refractory ore – the most difficult type of ore to process. Finally, you will learn about doré bars, gold purity requirements, and the exchanges that specialize in buying and selling gold.

To learn more visit GoldMiningBook.com which is a website built strictly for this book.

September 2015 Issue of Ultimate Value Finder is Released

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Investment Opportunity 1 – Activists Want Change

Investment Opportunity 1 is a company with a good business. Revenues are recurring and the expenses required to generate those revenues are small. However, you could not tell by looking at the financials. This is because the company is overspending and investing in non-core ventures. Such policies have attracted activist investors who are pushing for change. They want the company to maximize profitability. If they succeed, the stock price is likely to increase because the underlying value is higher than the price tag that the market has assigned to the company.

Investment Opportunity 2 – Keeps Paying Down the Debt

Investment Opportunity 2 is an over-indebted company with good assets. Recently, the management was fighting with activist shareholders who tried to force them to liquidate the entire company. The activists suggested that the company is worth more sold in pieces than operated as an independent company. Instead of selling, the company hired a new CEO with successful turnaround experience. The main component of his strategy is to aggressively pay down the debt. With three years of his budgeted debt repayment, the value of the common equity should double from the current levels.

Investment Opportunity 3 – Unique Company in a Hated Industry

Investment Opportunity 3 is a unique company. It has a superior business model in comparison to other companies in its industry. Its income stream is reliable because of long-term contracts with the majority of its clients. However, because the company is in an industry that is hated and out of favor, its stock price has been hammered. Some value investors are realizing this and acquiring shares on the cheap.

If you are a subscriber, you already received an email with the full September issue.

I Am Rich Now

Hello Skonieczny,

I’m Emmanuel KOLE, Private lawyer to Late John  Skonieczny,a national
of your country, Director of oil company, he died in a car accident
with his family, he had an account valued at about Eleven Million Four
Hundred Thousand Dollars in Bank here.

Since then I have made several enquirers to your embassy to locate any
of my clients extended relatives this has proved  Unsuccessful.

I have contacted you to assist in Repatriating the money left behind
by my  client before they get confiscated or declared unserviceable by
the bank here in Benin.

Eleven Million Four Hundred Thousand Dollars. can be paid to you since
you have The same last name, then you and me can Share the money. 50%
to me and 50% to you.

I guarantee that this will be executed under a legitimate arrangement
that will protect you from any breach of the law. And the way we are
going to achieve this is.

Kindly send your full name, telephone number, address, for
confidential reasons, so that I will send more details to you.

I await your reply ASAP.

Best Regards.
Barrister Emmanuel KOLE

Interview with Harris Kupperman of Mongolia Growth Group

August Issue of Ultimate Value Finder is Released

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Investment Opportunity 1 – The Ugly Fight Continues

Last month, I wrote an article about how this company smells like fraud.

After writing the article, I received several responses from various people who helped me understand the situation even better. If I didn’t know the details of this story and someone approached me about it, I would have said that stuff like this only happens in movies. I am talking about bribery, kidnapping, fraud, and threats. This whole thing is so ridiculous that I lack the words to describe it.

Investment Opportunity 2 – A Completely Different Thesis

I have owned company 2 since 2010. I wrote about the company in the first issue of Ultimate Value Finder in 2012. Lots of things have changed within the company and its industry. I think people are so exhausted waiting for things to happen with this company that they are no longer paying attention. The interesting thing is that there is a completely different thesis that is better than ever before.

The crazy thing is that you are getting a growing business for free because the company is trading for less than the cash in the bank.

Investment Opportunity 3 – It is cheap by any metric

I have a relatively long history with company 3. I bought it in 2009 for $5 per share and held it all the way until it reached $27 per share. I should have sold it at the peak. Instead, I watched it drop to $15 per share and then sold it. It was still a successful investment. It is always hard to know when to sell.

At $5 per share, it was easy to see that I was getting more value versus the price that I was paying. Well, today, the stock price is at $4 per share. Consequently, it is easy again to see that the value is incredible.

If you are a subscriber, you already received an email with the full August issue.

Coal Miners Struggle to Survive in an Industry Battered by Layoffs and Bankruptcy

WAYNE, W.Va. — There is pain across the nation’s coal fields, but here in West Virginia, the disruption is particularly acute.

Mines are closing almost every month. Sawmills that provide wooden support beams for the tunnels are laying off workers, and diners are putting up signs asking their customers to pray for the miners.

The coal industry, long the heart that pumped the economy here, is in deep trouble, buffeted by power plants switching to cheap natural gas, crippling debt, mounting foreign competition and increasingly strict regulations to limit greenhouse gases and toxic emissions like mercury.

“It’s just the times we are facing,” said Mitchell Maynard, a miner, as he left the Camp Creek mine recently after one of his last shifts before he and more than 400 of his co-workers lose their jobs.

Mr. Maynard, who wears a large tattoo on his upper left arm showing a joyous Jesus embracing a blissful miner, has been contemplating what he will do to support his family since he learned last month that the mine will close for good. He has yet to come up with an answer, but he has not lost hope. “I know I will find guidance from the Lord,” he said.

Mr. Maynard’s once-mighty employer, Alpha Natural Resources, and the entire coal industry could use some divine intervention right about now. The most immediate challenge to the coal industry is the hydraulic fracturing revolution that has produced a glut of natural gas over the last four years, making the fuel cheaper to burn and stimulating a relentless switch by utilities away from coal.

Since January, six domestic coal producers have filed for bankruptcy, including Patriot Coal, which applied for Chapter 11 for the second time.

The decline has taken a heavy toll here in Wayne County and the surrounding area in West Virginia and Kentucky, where roughly one in three of the nation’s 80,000 coal miners work.

Read the rest.

http://www.nytimes.com/2015/07/18/business/energy-environment/coal-miners-struggle-to-survive-in-an-industry-battered-by-layoffs-and-bankruptcy.html?ref=business&_r=1

Why Work If You Can Just Trade

China announces they will be setting new gold price by end of year

On June 25, a representative from the Shanghai Gold Exchange announced that they are planning on establishing a new physical gold price mechanism by the end of the year that will compete with London and the U.S. Comex. Expected to be denominated in Yuan, this new gold price platform comes less than 10 days after China became the first Asian country invited to be a part of the London gold fix, and unlike the U.S. Comex, will deal in direct physical gold sales rather than in paper futures and derivative contracts.

When the Shanghai Gold Exchange (SGE) opened in 2014, it set out to usurp the West’s control over gold and their pricing of gold through the paper markets. And in less than a year, the SGE has created the world’s largest gold fund, and is now ready to take over pricing and price discovery for the monetary metal. In fact, sources claim that right now premiums on large sales of gold bullion are ranging as high as $600 over the current paper spot price.

Read the rest

http://www.examiner.com/article/china-announces-they-will-be-setting-new-gold-price-by-end-of-year

Bubble Mania 3.0 – Playboy Girl Obsessed with Trading Stocks

We are experiencing the third bubble in 15 years.

Meet the Playboy ‘Playmate of the Year’ who has become obsessed with trading stocks

Playboy’s 2014 “Playmate of the Year,” Kennedy Summers, recently found a passion for day trading.

“I love trading. I can wake up and make sure I can make money and still pay my rent,” the 28-year model and actress said during a telephone call on Wednesday morning while getting her makeup done for a TV show shoot in Los Angeles.

Back in April, Summers was approached to be a speaker at the Equities.com Small Cap Stars Spring Conference, which took place in Times Square in early June.

Ahead of the event, Long Island-based Cyber Trading University trained her in day trading for free. (They do not pay or sponsor her, she said.)

“I got hooked on it,” she said.

She added that she finds trading fun and exciting. She also admitted that it was “terrifying” at first.

June 2015 Issue of Ultimate Value Finder is Released

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Investment Opportunity 1 – Finally a Good Strategy for Profitability

I have had my eye on this company. This was after the IPO. I didn’t like it. It was priced for perfection and it was too early to disappoint investors. I even wrote an article about how the negatives outweighed the positives.

When I wrote the article, the company’s stock was popular and trading for $20 per share. Today, the stock price is $6.50 per share. It has exhausted investors so much that I don’t see much downside from here. Actually, now, the entire company is priced in a way that one of the business segments is worth more than the enterprise value. Even if the company’s turnaround strategy is only marginally successful, the stock price has nowhere to go but up.

Investment Opportunity 2 – In the right place at the right time

You might have a company that is in the business of doing something for decades, but no one cares. Then all of a sudden, people start to care. You see this happen all the time. Ten years ago, I never heard anything about organic food, but now it is in vogue.

Company 2 has been around since 1961 making control technology for electric vehicles. It had some niche customers, but overall, the company was barely making anything. Now, all of a sudden, the tide has turned. Electric cars are becoming more popular. Revenues are accelerating and investors are getting excited. As a result, the company is generating excitement among investors. As one analyst said on one of the conference calls, “It looks like the company is really beginning to take off.”

Investment Opportunity 3 – The Common Equity is Worthless

Over the last two years, I have been getting e-mails from various investors about how I should look at Company 3. I was told that the company has great projects, competent management, and a bulletproof business plan.

Well, I did look at the company many times, but I did not have the urge to write about it. I thought to myself, “I’ll wait until something goes wrong, as it always does in mining.”

And, boy, oh boy, did things go wrong. As a result, the stock price is down 87 percent in the last couple of months. When I first heard about the company, the stock price was $1 per share. Today, it is $0.07 per share and I think it is going to zero.

If you are a subscriber, you already received an email with the full June issue.