Gold Royalties

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Gold Royalties

Post by Bignuggs on Wed 18 Feb 2015, 2:49 pm

Here we go again.  every time the subject of royalties raises it's ugly head, it's all doom and gloom.  so lets have a look at some of the companies ripping WA apart to see how badly they are doing.  I won't just stick with Gold Mining, especially one company.

http://www.abc.net.au/news/2015-02-18/call-for-wider-release-of-gold-royalty-review/6141152?section=wa

Woodside Petroleum set to cut around 300 jobs as profit rises 38pc.
Woodside has posted its second biggest profit so far, with a 38 per cent rise in full-year earnings to $US2.41 billion ($3.08 billion)
. BUT THEY WILL SACK 300

Independence profit soars 264pc
Independence Group has upgraded its full-year guidance after lifting its first-half profit by a massive 264 per cent to $49.5 million.

Northern Star's profit soars on acquisitions
Northern Star Resources has lifted its first-half profit by a massive 573 per cent to $51 million, reflecting the bedding down of a spate of acquisitions last year.
The acquisition of the Jundee, Plutonic, Kundana and Kanowna Belle mines enabled the company to lift first-half gold sales to 292,840 ounces, up from 50,927 ounce in the previous corresponding period.

That resulted in a 471 per cent increase in revenue to $412 million.

Iluka posts $62.5m loss
However the company announced a final fully franked dividend of 13 cents a share, bringing its full year dividend to 19 cents, up 111 per cent on the previous year.
The final dividend represents a 40 per cent payout of free cashflow of $196.3 million for the year.
The result was achieved on revenue of $724.9 million, down 5 per cent on the previous year.


THIS IS MY FAVOURITE
Rio delivers $US6b cash bonanza
Rio Tinto has posted a 9 per cent fall in annual underlying earnings to $9.3 billion and announced a big cash payout to shareholders as promised.


Now the list could go on longer and some of these "POOR" buggers are doing it tough, so tough that even when they say they are losing money, they have found PROFIT somewhere to pay dividends to shareholders.
It's all smoke and mirrors.  
If there's no money to be made in mining in WA, then why don't they pack up and bugger off ?
I think we all know the answer to that question.

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Re: Gold Royalties

Post by Wedgetail on Wed 18 Feb 2015, 3:28 pm

So what's the problem? We live in a capitalist society. No use complaining about the system, just learn to make the system work for yourself. There's two sides to every story.

Not quite on topic but here we go,,,

I own shares in Rio Tinto - hence, I'm happy. I own shares in Woodside - I'm happy. I own shares in a whole lot of other shares as well and they pay my superann pension at an average of about 5% to 6% a year on my capital. Put money in a bank such as term deposit and you'll get about 2.5%. No risk. I take a risk every day as a shareholder but it pays off every day as well. Horses for courses and risk is what you see it as - which I don't.

e.g I was listening to car radio today and heard that Japan Post has made a takeover bid for Toll Holdings - they're the delivery trucks we can see all over Australia. On any takeover bid the share price usually goes up,,,,,,,and up,,,,,,,,and up. I shot home to the lappy and had a look at Commsec & sure enough it was on. I paid $9600.00 for some Toll shares about 3 years ago and they've paid 4.7% dividend per year every year. I sold my $9200.00 worth this morning for $14,000.00. The profit from that buys me almost half of new GPZ7000. I wish I could do that everyday 'cos it doesn't happen often but when it does it is so bloody sweet. Try doing that with a term deposit.

So? I love companies that make a profit. Without profits there are no investors. Without investors there are no companies 'cos they go broke. Without companies there are no jobs; everybody is then unemployed. Refer to Spain, Italy, Greece, Russia, Cuba, North Korea, Cambodia for more information.

As the little meerkat says, "Simple!!!" cheers

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Re: Gold Royalties

Post by Bignuggs on Wed 18 Feb 2015, 3:40 pm

Les, you just answered the question. It's all smoke and mirrors.
Announce a loss but make a profit for shareholders. Well good for you and as we all know, when it doesn't go a companies way in the mining industry, they shut up shop and I'm just one of many who are getting fed up with the threat of all the unemployed mine workers who are making excellent money.
That the chances you take working in the mining industry.
so you are a prime example of the selfishness in Australian society or as the old saying goes, "Bugger you Jack, I'm alright".

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Re: Gold Royalties

Post by Wedgetail on Wed 18 Feb 2015, 4:06 pm

BN,

Yep!

I knew you'd say that!! You don't like me do you? lol!

BN, ya pays ya money, ya takes yer pick. Some people start a business, some people put money in banks, some people do drugs, some smoke ciggys, some people drink, some people, some go down the casino, some buy fast cars, some buy big houses. I do very few of those things - I invest, and more often than not it pays.

Yeah, BN, I'm a selfish guy that used to put people onto gold, tells 'em where a patch is, let's em on leases, pushes ground for 'em for free, helps 'em get SPLs through, helps 'em peg leases, spends his own money and time in meetings to help other prospectors, goes out searching all night and all the next day for people that got lost,,,,,,,,,,,yeah, that's me - selfish. Some of which I don't do anymore,,,,,,,,why? Because people reckon I'm selfish!

As the little meerkat says, "Simple!"

But BN,,,,,,,,,,,DILLIGAFF?


Last edited by Wedgetail on Wed 18 Feb 2015, 4:20 pm; edited 1 time in total

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Re: Gold Royalties

Post by Bignuggs on Wed 18 Feb 2015, 4:14 pm

We finally agree on something   Very Happy

“Dead yesterdays and unborn tomorrows, why fret about it, if today be sweet.”
― Omar Khayyam

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Re: Gold Royalties

Post by Wedgetail on Wed 18 Feb 2015, 4:22 pm

BN,

Well, I reckon we're about equal now, cos the feelings mutual. We're back where we started I reckon! Very Happy

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Re: Gold Royalties

Post by Guest on Wed 18 Feb 2015, 4:30 pm

i got shares in NAB and Wesfarmers and they pay about 9%--so if u havent invested in blue chip shares and have your money in a fixed deposit u need yah head red.

yep u need to know the system and ride it as long as u can..

woodside might be a good takeover target..remember if blue chip companies let their share price dive then bang someone else will have a bloody good go at nailing them.

its an absolute waste of time getting sentimental over what someof these bosses get paid coz at the end of the day they do it for the shareholders and the shareholders dont give a rats whether he survives or die.

they are all SPECIAL

regards
oneday

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Re: Gold Royalties

Post by Bignuggs on Wed 18 Feb 2015, 4:47 pm

Wedgetail wrote:BN,

Yep!

I knew you'd say that!! You don't like me do you? lol!

BN, ya pays ya money, ya takes yer pick. Some people start a business, some people put money in banks, some people do drugs, some smoke ciggys, some people drink, some people, some go down the casino, some buy fast cars, some buy big houses. I do very few of those things - I invest, and more often than not it pays.

Yeah, BN, I'm a selfish guy that used to put people onto gold, tells 'em where a patch is, let's em on leases, pushes ground for 'em for free, helps 'em get SPLs through, helps 'em peg leases, spends his own money and time in meetings to help other prospectors, goes out searching all night and all the next day for people that got lost,,,,,,,,,,,yeah, that's me - selfish. Some of which I don't do anymore,,,,,,,,why? Because people reckon I'm selfish!

As the little meerkat says, "Simple!"

But BN,,,,,,,,,,,DILLIGAFF?

Interesting, you added more after my comment but it's still mutual feelings.
Others may like you, I never will. You can invest on that but you will never get a dividend out of me until you get rid of your holier than thou attitude.
And I don't give a FF about who you are or your experience.

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Re: Gold Royalties

Post by Wedgetail on Wed 18 Feb 2015, 4:55 pm

BN,


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Re: Gold Royalties

Post by Bignuggs on Wed 18 Feb 2015, 5:04 pm

Glad you found it funny  Very Happy
Now ya banned and that's even funnier  
Wish I could but I gotta ask the partner Twisted Evil

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Re: Gold Royalties

Post by Wedgetail on Wed 18 Feb 2015, 5:15 pm

I really dunno why you'd ban me BN. I contribute good stuff, I don't get on people's cases, I don't use abuse. So I suppose it must be "personal" eh?

BN, Cliff, you shouldn't take it all to heart, mate. I thought you'd be a bigger than that. We don't get on, I know that, everyone knows that, but why let that stain a good forum, with a good input from people that really do know about "Detecting West Australian Gold". What's left if people don't put in? Drinking stories and recipes?

flower flower flower flower flower flower flower flower lol! lol!

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Re: Gold Royalties

Post by Bignuggs on Wed 18 Feb 2015, 5:27 pm

We agree to disagree and dislike each other, now get on with it.
Share your knowledge without how it affects you all the time.
People need to hear the Law and Rules as it stands.

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Re: Gold Royalties

Post by Guest on Wed 18 Feb 2015, 5:30 pm

I don't need to come home and see u 2 goin at each others throat--its bad enough coming home and arguing with my mrs for the past hour. so as u both agree just agree to disagree.

god spare me some luv..

PTP
oneday.

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Re: Gold Royalties

Post by Wedgetail on Wed 18 Feb 2015, 5:37 pm

Ray, blame him!! (wedge) Nah, Ray, blame him (BN), No, Ray. it's his fault,(wedge), No Ray, it's him!! (BN), Ray, blame him!! (wedge) Nah, Ray, blame him (BN), No, Ray. it's his fault,(wedge), No Ray, it's him!! (BN),Ray, blame him!! (wedge) Nah, Ray, blame him (BN), No, Ray. it's his fault,(wedge), No Ray, it's him!! (BN),Ray, blame him!! (wedge) Nah, Ray, blame him (BN), No, Ray. it's his fault,(wedge), No Ray, it's him!! (BN)

whgirt whgirt

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Re: Gold Royalties

Post by Guest on Wed 18 Feb 2015, 5:39 pm

both of yous go to the opposite corners and shut up.

no more

PTP
oneday

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Re: Gold Royalties

Post by Bignuggs on Wed 18 Feb 2015, 5:49 pm

oneday wrote:both of yous go to the opposite corners and shut up.

no more

PTP
oneday

That's asking a lot  lol!  and it's only Wednesday  Very Happy


Last edited by Bignuggs on Wed 18 Feb 2015, 6:03 pm; edited 1 time in total

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Re: Gold Royalties

Post by Banjo on Wed 18 Feb 2015, 5:55 pm

Well i wished i had checked in on this thread earlier Laughing

It's been a real quiet day around here today and the topic didn't have anything to do with the 7000 so i didn't bother looking, i missed a perfect opportunity to throw some popcorn in the microwave, bugger

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Re: Gold Royalties

Post by Guest on Wed 18 Feb 2015, 5:59 pm

don't u start--go and fill that bloody pool up and invite all those topless girls around that u and Terry have got stashed--the ones u keep sending photos of... lol! wegr

regards
oneday

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Re: Gold Royalties

Post by Bignuggs on Wed 18 Feb 2015, 6:06 pm

What Photo's ??????
That'd be right, keep them to ya selves, selfish buggers

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Re: Gold Royalties

Post by martinjsto on Wed 18 Feb 2015, 8:28 pm

lol! lol! gotta agree banjo just got home myself and had a good laugh reading this. sorry guys, anyway good to see you both finally agreeing on something. Razz

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Re: Gold Royalties

Post by Nanjim on Wed 18 Feb 2015, 8:41 pm

Strike me flamen pink you mob crack me up....

Cheers Nanjim

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Re: Gold Royalties

Post by blh on Wed 18 Feb 2015, 9:53 pm

It must be the weather or something. I've just come home from a meeting where they all wanted to argue to......Just did'nt want to agree on anything.
Well thats life I suppose.
Grin and bear it.
Cheers Harro

blh


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Re: Gold Royalties

Post by Bignuggs on Fri 20 Feb 2015, 9:55 pm

It had nothing to do with the weather. I'm just p*ssed off with the way companies can say they have a loss but still pay a dividend.
It's not right. you either make a profit or a loss.
apparently, thats not the case when it comes to companies in Australia.
Post a loss and you still get a gain, at our expense.
F**k it all.

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