Monday, September 21, 2009


Seems as though AGS is sitting in the middle of one of the world's biggest uranium deposits. Heathgate, which operates the Beverly mine has announced a new discovery to the north of Beverly and close to B4M. Quasar a subsidiary of Heathgate is in a J.V. with Alliance (AGS) and has been drilling and constantly upgrading the B4M deposit.
This can only be good news for AGS as it can be expected that further high grade extensions will be announced.And Deeplode is reasonably sure that a resource upgrade to B4M will follow closely on the heels of the Heathgate announcement.
The lines on the permit maps do not deineate the geological structures.
In the mean time production will begin in the second half of 2010 on the existing B4M deposit after a few agreements are reached.
AGS is certainly still at the front of DeepLode's mind and of others in Collins St (who represent overseas interests.) The top 20 has not moved out of the Gandel orbit. YET !! So Deeplode is not even a trader now...Wait.

And follow the news on Ignore Hot Copper at your peril

Friday, July 31, 2009

GBM Resources (ASX GBZ) has a DeepLode

Malmsbury is now a very quiet village since the Calder freeway passed it by. Its excellent bakery and fine food outlets are still managing well because of the quality of their produce. Very soon Malmsbury may be on the map for a different reason. The early gold miners in this region were restricted by their inability to go deep. But no longer of course!!
Malmsbury, Deeplode was told tonight, has gold but it is buried deep below the calm of this village. Deeplode enjoyed some local wines this evening..Black Jack Shiraz.. and during chat discovered that GBM Resources (ASX GBZ) has its hands on a deep high grade gold deposit under two hills close by the town.
DeepLode as usual urges caution and suggests readers go to where posters are much more enlightened.
But it appears to be a buy which DeepLode will do!!!

Wednesday, July 1, 2009


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 where much can be learned!

Deeplode acknowledges news reports.

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 the Communist Party....Major infra structure projects will now go ahead. Australia will benefit.

Sunday, June 7, 2009


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)

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.

Sunday, May 24, 2009


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 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.