05 May
Background:
Quadra Mining Ltd (T-QUA) mines copper in the US from the Robinson mine, has another US mine under construction and is developing a Molybdenum mine in Greenland and a copper mine in Chile. Numbers are presented in thousands of USD.
It has a cash cost of $1.49/pound in 2007, down from $1.76 in 2006. […]
Posted in Base Metals, Commodities, Earnings, Stock Watch, copper, debt by: arnie
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03 May
This funny, shocking and surprising satire tells all about the pre subprime crisis days. Just what happened? How did this American (US) sub-prime crisis all start? Who screwed up? Why was it so predictable and why is the current US governemnt reaction, by cutting interest rates, the wrong course of action. Play the Video below […]
Posted in Housing, debt, interest rates by: arnie
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01 May
There were reports out today that Drake Management LLC (a hedge fund) is shutting down its largest hedge fund and may plan to start another. This is a classic example of what exactly is wrong with hedge funds. A hedge fund manager is paid an incentive bonus if the fund that is being managed is […]
Posted in Hedge fund, debt, interest rates by: arnie
2 Comments