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Oz gold mine to sell bars directly

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Oz gold mine to sell bars directly

Unread postby Micki » Tue 16 Dec 2008, 19:44:57

I think I mentioned in some post here at PO that several miners seem keen on selling direct in order to capitalise on better margins.
MMN (Macmin Silver for instance expressed this but has since then gone into voluntary administration)

Here is gold mine planning to sell direct.

Hill End Gold Ltd (ASX:HEG)
Australian junior to sell gold investment bars direct to the public
Physical gold demand has increased dramatically over the past year with gold dealers and mints unable to maintain supply, so Hill End Gold Ltd (HEG) has decided to make a portion of its gold production available to investors, with shareholders getting priority. Preparations are underway to have gold investment bars of various weights refined to 99.99% from Hill End gold, which will available for shareholders and the public. These gold investment bars will be stamped "Hill End Gold" and will be tradeable at near to their gold value on the global gold bar market. Recently the World Gold Council reported that demand for gold for the third quarter of 2008 was US$32 billion, which is 45% higher than the record set in the previous quarter, and retail investment demand was up 121% to 7.5 million ounces, with strong bar and coin buying in the Swiss, German, and U.S. markets. At the same time the supply of physical gold gold has decreased 9.7% compared to the same period last year with central banks reducing gold sales. The details of the release of the Hill End gold 99.99% investment bars and the pricing structure will be announced shortly when finalised.



ASX announcement: HERE
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Re: Oz gold mine to sell bars directly

Unread postby like_the_dinosaurs » Tue 16 Dec 2008, 21:48:09

Nice find micki. My father will be thrilled!
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Re: Oz gold mine to sell bars directly

Unread postby kiwichick » Sat 28 Feb 2009, 20:09:50

copper or phosphate or silver might be good
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Re: Oz gold mine to sell bars directly

Unread postby kiwichick » Thu 19 Mar 2009, 19:30:58

peak phosphate ? = peak food ?
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Re: Oz gold mine to sell bars directly

Unread postby Tanada » Fri 20 Mar 2009, 12:49:37

kiwichick wrote:peak phosphate ? = peak food ?


Not as long as powdered bone meal can be made, it acts like a slow release phosphate source.
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Re: Oz gold mine to sell bars directly

Unread postby kiwichick » Sat 21 Mar 2009, 19:03:39

global consumption of concentrated phosphate appox. 40 million tonnes

that would seem like quite a lot of bones!!
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Re: Oz gold mine to sell bars directly

Unread postby Tanada » Sun 22 Mar 2009, 03:53:01

kiwichick wrote:global consumption of concentrated phosphate appox. 40 million tonnes

that would seem like quite a lot of bones!!



It is indeed, however if you look up groundwater contamination from farming you will discover that the vast majority of that is waste. It is currently so cheap that industrial farmers use it with abandon, to the point that instead of distributing it efficiently into the topsoil they sprinkle it on top where much of it is washed away by rain. Modern industrial farming is a horribly ineficient enterprise where petroleum energy is substituted for sound resource managment.

Something else to note, for milenia before intensive modern agriculture was invented farmers managed to grow crops. The harvests were not as large because not as many trace elements were availible, however food was provided for a good sized population of people and livestock before P fertilizer was introduced.
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Re: Oz gold mine to sell bars directly

Unread postby kiwichick » Wed 25 Mar 2009, 00:12:29

wow Tanada would you like to come down here and repeat that to some farmers i know !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

you would be lucky if got away with your skin in one piece
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Re: Oz gold mine to sell bars directly

Unread postby Tanada » Wed 25 Mar 2009, 17:26:59

kiwichick wrote:wow Tanada would you like to come down here and repeat that to some farmers i know !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

you would be lucky if got away with your skin in one piece


LOL I grew up on a farm surrounded by Rednecks, they may not like reallity but even the hardest headed farmer usually faces facts when all other options cease to be availible.
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Re: Oz gold mine to sell bars directly

Unread postby kiwichick » Fri 27 Mar 2009, 18:52:43

tanada

my point was that most farmers in OZ can't afford ANY fertiliser let alone so much that it is wasted

waste certainly has ocurred in the past and still does in some instances but that is rapidly becoming the exception

in past millenia wasn't the population considerably smaller than today?
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