Azumah (ASX: AZM) is named after triple world boxing title holder Azumah Nelson.
This Perth-based explorer that has made gold exploration in Ghana its focus since listing in January 2006 based on its latest announcements seems to be getting to the final round in its campaign to get its WA-Lawra project in the north-west of mining friendly Ghana into production and a four-kilometre long gold corridor will certainly help!
Azumah’s aim of getting its gold resource into the region of 1 million ounces looks to be achievable with some to spare because of its rather huge coverage of the prospective belt that has made West Africa a hot spot for gold discoveries.
And all this for about 0.14c a share.
Of course Opes and Croesus did not help with their forced selling last year.
But Stephen Stone the chairman of the company bought up over 3 million of those!
And Macquarie Bank last year soaked up a A$2 million share placement subscribing for 12,150,000 fully paid new ordinary shares at an issue price of 16 cents per share Macquarie is now Azumah’s largest shareholder with an equity position of 13%.
And Stock Analysis says it is a buy with a valuation of .32
After Deeplode’s dinner tonight with some contacts from Hong Kong that valuation looks conservative.
But Deeplode has no expertise in such matters and suggests readers go to the thread on hotcopper.com.au where much can be learned!
Deeplode acknowledges news reports.
Wednesday, July 1, 2009
Saturday, June 13, 2009
India rejects the Communist Party
India as we know has returned the Congress Party and at the same time lessened its dependence on minority parties. Its success also means the Government can go ahead with its economic reforms. And also now the Indian-U.S. nuclear agreement, a cornerstone of closer ties with Washington can go ahead. This is assured with the demise of the Indian Communist Party which is now out the back door of Indian politics.
Under the agreement passed by the U.S. Congress last year the USA agreed to share civilian nuclear technology, ending a 30-year ban on sales of nuclear fuel and technology that was imposed after India tested and developed a nuclear bomb.
Deeplode thinks that the election results may see change in Obama' s Asian policy towards India just to remind China that it does not yet hold a full hand. And certainly the crushing blow to the Communist Party could mean it may never recover its voter base.
Manmohan Singh will remain as leader but Deeplode sees Rahul Gandhi as simply waiting.
But what this all means is that the capital inflow into India is not captive to minority interests..eg the Communist Party....Major infra structure projects will now go ahead. Australia will benefit.
Under the agreement passed by the U.S. Congress last year the USA agreed to share civilian nuclear technology, ending a 30-year ban on sales of nuclear fuel and technology that was imposed after India tested and developed a nuclear bomb.
Deeplode thinks that the election results may see change in Obama' s Asian policy towards India just to remind China that it does not yet hold a full hand. And certainly the crushing blow to the Communist Party could mean it may never recover its voter base.
Manmohan Singh will remain as leader but Deeplode sees Rahul Gandhi as simply waiting.
But what this all means is that the capital inflow into India is not captive to minority interests..eg the Communist Party....Major infra structure projects will now go ahead. Australia will benefit.
Sunday, June 7, 2009
INDIAN GROWTH ABOUT TO EXPLODE
Deeplode came across some figures recently which point out the direction of the flow of global finance. And India looks to be on the brink of a huge growth explosion.
Global money appears to be entering India at the rate of $1 billion a week.
In April, foreign institutions poured US$1.3 billion into Indian equities.Then in early May before the Indian elections another US$1.87 billion was invested from outside India. The total for May was US$4.14 billion
And this is looks to be a world wide trend.
Emerging markets are on the receiving end of large inflows of capital.
Since April, $20 billion has flooded into all emerging markets. The Sensex is up 50%, Russia is up 63%, Brazil 60% China 57%, and Argentina 45%.The capital movement is not India-specific but is representative of a movement into emerging markets.
It looks as though BRICS is still alive as a market force but Deeplode's money is on India and China to mostly benefit the ASX.
(News wires helped the information gathering)
Global money appears to be entering India at the rate of $1 billion a week.
In April, foreign institutions poured US$1.3 billion into Indian equities.Then in early May before the Indian elections another US$1.87 billion was invested from outside India. The total for May was US$4.14 billion
And this is looks to be a world wide trend.
Emerging markets are on the receiving end of large inflows of capital.
Since April, $20 billion has flooded into all emerging markets. The Sensex is up 50%, Russia is up 63%, Brazil 60% China 57%, and Argentina 45%.The capital movement is not India-specific but is representative of a movement into emerging markets.
It looks as though BRICS is still alive as a market force but Deeplode's money is on India and China to mostly benefit the ASX.
(News wires helped the information gathering)
Saturday, June 6, 2009
Gandel Mining the Second Generation money machine
John Gandel made his money in property development. His son Ian looks as if he is on the way to establishing a major mining investment house in Collins Street...Gandel Mining.. His holdings through Abbotsleigh..a private company.. include controlling interests in AGS, ALK, BCI and others.
He is about to take control of GIP...tantalum in Egypt...but under the radar through GIP an interest in SRZ (Stellar Resources) with unknown reserves of tin and other base metals in Tasmania..Deeplode ponders his interest in GIP..with all its risks.. but has some faith in John Dunlop who, if genetics are worth anything, should be followed.
He is about to take control of GIP...tantalum in Egypt...but under the radar through GIP an interest in SRZ (Stellar Resources) with unknown reserves of tin and other base metals in Tasmania..Deeplode ponders his interest in GIP..with all its risks.. but has some faith in John Dunlop who, if genetics are worth anything, should be followed.
Sunday, May 24, 2009
GURRUMUL YUNUPINGU
Last night Deeplode went to the old Palais Theatre in St. Kilda. A beautiful venue which is now the subject of a development plan.
He hopes any development is done well.
But he went to hear Gurrumul Yunupingu.
Deeplode listened, Deeplode shed a tear or two, Deeplode jumped to his feet and gave, along with a full house, a standing ovation for something electric and spiritual.
Gurrumul firstly though silenced a Melbourne crowd packed into one of our favourite venues (Paul Kelly packed it out the night before.) and gave us something never before heard or experienced.
If you have not heard Gurrumul sing then you must... at least to understand the stories he tells.
Here is a review of his London concerts which sums it up nicely.
Geoffrey Gurrumul Yunupingu
Union Chapel, London
* Robin Denselow
* The Guardian, Monday 18 May 2009
It is dangerous making predictions, but here goes. Geoffrey Gurrumul Yunupingu - better known as just Gurrumul - is going to be the next world-music celebrity. He is a blind Aboriginal songwriter who sings in the Yolngu dialect of the Gumatj clan, but this compelling British solo debut proved he has the ability to move from the remote territories of Australia's Arnhem Land to the world's concert halls.
A slight figure sporting cropped hair and a black jacket, he sat motionless throughout the concert, singing and playing acoustic guitar but never saying a word until the final thank you. "He won't talk‚" explained his producer, Michael Hohnen. "But I can feel that he's happy."
Yet Gurrumul totally dominated the hall, from the first notes until the standing ovation. Backed by a classy acoustic band comprising a string quartet, a second acoustic guitar and Hohnen's double bass, he started out like an Aboriginal answer to Nick Drake, with a soulful and emotional treatment of what could have been a sturdy western folk melody, but with lyrics that dealt with the importance to the Gumatj nation of the orange-footed scrubfowl.
It is this unlikely mixture that explains Gurrumul's appeal. His singing was gentle and heartfelt, his lyrics (translated on a screen beside the stage) dealt with subjects ranging from the forces of nature to his ancestors, and yet the melodies were so straightforward and powerful that any western songwriter would have been jealous. Folk, soul and gospel influences were all there, along with a dash of reggae, and he ended with a personal song in English, I Was Born Blind, the screen showing images of his own history. Gurrumul deserves to become a star.
About this article
World music review: Geoffrey Gurrumul Yunupingu, Union Chapel, London
This article was first published on guardian.co.uk at 00.01 BST on Monday 18 May 2009. It appeared in the Guardian on Monday 18 May 2009 on p34 of the Reviews section.
He hopes any development is done well.
But he went to hear Gurrumul Yunupingu.
Deeplode listened, Deeplode shed a tear or two, Deeplode jumped to his feet and gave, along with a full house, a standing ovation for something electric and spiritual.
Gurrumul firstly though silenced a Melbourne crowd packed into one of our favourite venues (Paul Kelly packed it out the night before.) and gave us something never before heard or experienced.
If you have not heard Gurrumul sing then you must... at least to understand the stories he tells.
Here is a review of his London concerts which sums it up nicely.
Geoffrey Gurrumul Yunupingu
Union Chapel, London
* Robin Denselow
* The Guardian, Monday 18 May 2009
It is dangerous making predictions, but here goes. Geoffrey Gurrumul Yunupingu - better known as just Gurrumul - is going to be the next world-music celebrity. He is a blind Aboriginal songwriter who sings in the Yolngu dialect of the Gumatj clan, but this compelling British solo debut proved he has the ability to move from the remote territories of Australia's Arnhem Land to the world's concert halls.
A slight figure sporting cropped hair and a black jacket, he sat motionless throughout the concert, singing and playing acoustic guitar but never saying a word until the final thank you. "He won't talk‚" explained his producer, Michael Hohnen. "But I can feel that he's happy."
Yet Gurrumul totally dominated the hall, from the first notes until the standing ovation. Backed by a classy acoustic band comprising a string quartet, a second acoustic guitar and Hohnen's double bass, he started out like an Aboriginal answer to Nick Drake, with a soulful and emotional treatment of what could have been a sturdy western folk melody, but with lyrics that dealt with the importance to the Gumatj nation of the orange-footed scrubfowl.
It is this unlikely mixture that explains Gurrumul's appeal. His singing was gentle and heartfelt, his lyrics (translated on a screen beside the stage) dealt with subjects ranging from the forces of nature to his ancestors, and yet the melodies were so straightforward and powerful that any western songwriter would have been jealous. Folk, soul and gospel influences were all there, along with a dash of reggae, and he ended with a personal song in English, I Was Born Blind, the screen showing images of his own history. Gurrumul deserves to become a star.
About this article
World music review: Geoffrey Gurrumul Yunupingu, Union Chapel, London
This article was first published on guardian.co.uk at 00.01 BST on Monday 18 May 2009. It appeared in the Guardian on Monday 18 May 2009 on p34 of the Reviews section.
Argonauts set the sails
Lets think about a tenement fifty kilometres from Teck Cominco's Carapateena copper/gold discovery and 75 kilometres from BHP Billiton's Olympic Dam monster. The prospect contains the sort of magnetic and gravity anomalies that get explorers for so-called iron oxide copper gold (IOCG) deposits excited.
What's more, the group that discovered Olympic Dam (now BHP) — dug some holes into the property and intersected "intense magnetite and haematite alteration typical of Olympic Dam and Carapateena".(Thanks to Barry Fitzgerald for his help there.)
And now after the downturn the tenement owners are valued at less than 10c.
Deeplode is checking out Argonaut Resources very carefully. Add its very prospective ground in Laos.
And Kroombit is a looming, and I mean a looming, positive...Some research would be advisable. ARE is a watch indeed.About to run. Like this week!
Deeplode has no idea and posts on his blog for fun!!
What's more, the group that discovered Olympic Dam (now BHP) — dug some holes into the property and intersected "intense magnetite and haematite alteration typical of Olympic Dam and Carapateena".(Thanks to Barry Fitzgerald for his help there.)
And now after the downturn the tenement owners are valued at less than 10c.
Deeplode is checking out Argonaut Resources very carefully. Add its very prospective ground in Laos.
And Kroombit is a looming, and I mean a looming, positive...Some research would be advisable. ARE is a watch indeed.About to run. Like this week!
Deeplode has no idea and posts on his blog for fun!!
Friday, May 8, 2009
Ian Gandel goes to Egypt for Tantalum
It looks like Ian Gandel has located a supply of tantalum to supplement his resource in Australia.
He has recently taken a major interest in GIP which has very promising ground in Egypt but which has suffered from poor management and an inability to get the Egyptian Government moving.
Ian Gandel's capacity to add shareholder value is second to none.(BCI, AGS, ALK etc)
I would think that ALK his rare earth company in Australia will take over GIP as soon as possible.
And the value of GIP will be somewhat better than its now languishing share price.
He has recently taken a major interest in GIP which has very promising ground in Egypt but which has suffered from poor management and an inability to get the Egyptian Government moving.
Ian Gandel's capacity to add shareholder value is second to none.(BCI, AGS, ALK etc)
I would think that ALK his rare earth company in Australia will take over GIP as soon as possible.
And the value of GIP will be somewhat better than its now languishing share price.
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