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Tanzanian Royalty Exploration Corp. Message Board

jj719903 41 posts  |  Last Activity: Jul 23, 2014 1:49 PM Member since: Jan 30, 2004
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  • In a somewhat disconcerting move, Russian President Vladimir Putin has recalled The State Duma from a planned vacation to participate in an unscheduled meeting because of the situation in eastern Ukraine. As Ukrinform reports, sources confirm "Something is being planned, because many deputies come, probably for a quorum." Rumors are spreading that Putin is set to issue Kiev an ultimatum over recognizing separatists or face military intervention.


  • IMF has now finalized emergency financing plans. IMF is ready for the meltdown. Are you?

    IMF Concludes Review of Flexible Credit Line, Precautionary and Liquidity Line, and Rapid Financing Instrument
    Press Release No. 14/352
    July 21, 2014

    On May 21 and June 11, 2014, the Executive Board of the International Monetary Fund (IMF) discussed the Review of the Flexible Credit Line (FCL), the Precautionary and Liquidity Line (PLL), and the Rapid Financing Instrument (RFI).

    The Board approved staff proposals to: (i) align the FCL and PLL qualification criteria by having the nine specific FCL criteria used as the basis for assessing PLL qualification, while maintaining the different qualification standards for each of these instruments; (ii) strengthen the bank solvency qualification criterion; (iii) broaden the set of institutional indicators that could help inform qualification assessments for the FCL and the PLL; and (iv) operationalize the use of an external stress index to help strengthen the discussion of country-specific external environment.

    The Board had initially met on February 14, 2014 to discuss a staff paper on the Review of the FCL, PLL, and RFI (Press Release No. 14/84). It had concluded that each of these instruments was an important component of the IMF’s lending toolkit and that the FCL and PLL had provided valuable insurance to members against external shocks. At the same time, Board members saw scope for further refinements to the instruments, and welcomed efforts to enhance their effectiveness, transparency, and attractiveness while also preserving the revolving nature of the Fund’s limited resources.

    Continued....IMF dot org

  • It appears the Federal Reserve is in full court press mode to jawbone the rational exuberance out of the stock markets... On the heels of Yellen's largely ignored "stretched valuations" comments, Dallas Fed's Fisher exclaims:

    His plan for this "letting out of steam" is to start shrinking the Fed balance sheet in October and raising rates early in 2015. Of course, what does the Fed know about bubbles? We are sure the spin will come soon that this is bullish as 'froth' will be removed and then the secular bull can go on (aside from the total and utter lack of liquidity in markets, small doors and large crowds do not make for good endings).


  • VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 23, 2014) - New Zealand Energy Corp. ("NZEC" or the "Company") (TSX VENTURE:NZ)(OTCQX:NZERF) today announced that the Company has relinquished the Castlepoint and Wairoa permits in the East Coast Basin of New Zealand's North Island.

    NZEC continues to hold a 100% interest in the East Cape Permit, which covers 1,048,406 onshore acres in the East Coast Basin, and also controls 97,637 net acres across six permits in the Taranaki Basin of New Zealand's North Island.

    "NZEC is focused in the near-term on its Taranaki Basin permits that offer near-term production potential. The Company has also retained its East Cape Permit, which gives the Company more than one million acres and five years to explore the unconventional oil shales and unlock the potential of New Zealand's East Coast Basin," said John Proust, Chief Executive Officer of NZEC. "Relinquishing the Castlepoint and Wairoa permits has reduced our work program commitments by $13.9 million for 2014, and $54.3 million over the life of the relinquished permits. The Company's work program commitments for the East Coast for the remainder of 2014 are now only $64,000. The Company's Taranaki work program commitments for the remainder of 2014 are $3.2 million, of which approximately $320,000 relate to the Company's producing assets.

    "NZEC's work on the Castlepoint and Wairoa permits has provided the Company with significant technical information and insight into the Waipawa Black Shale, which will guide the Company's exploration strategy on the East Cape Permit," continued Mr. Proust. "For example, one of the stratigraphic wells that NZEC drilled on the Castlepoint Permit identified a Waipawa horizon that the Company's geology team believes may extend northward into the East Cape Permit. In addition, NZEC's community engagement activities have allowed the Company to build strong relationships with regulators, landowners and iwi communities in the East Coast Basin.

  • Thursday, June 19, 2014 at 1:48 pm TF

    When we had Dr. Janda on last month, we just barely scratched the surface of what he knows and how he knows it. Today, we had him elaborate on a few things. Trust me, you're definitely going to want to listen to this...which is why it is being posted as a public thread.

  • jj719903 jj719903 Jun 19, 2014 8:51 AM Flag

    3- Consumer loans are relatively set formulas and computers by default calculate the risks and decide approve of not.

    In Germany just over a 25% of all Internet purchases is now being paid for using the Ebay’s subsidiary PayPal, with estimates in volume exceeding almost 150 billion euros. Ebay’s subsidiary has startled the financial industry and offers credit. You can link a credit card to the account and charge that card automatically.The German banks are too traditional to even contemplate how to compete.

    As the economy turns down, banks will be unable to comepte with rising costs in a down market. In Germany, the Samwer brothers who have the online shoe retailer Zalando added Lendico, which has a similar concept like Lending Club. This is part of the internet revolution that is as significant as the industrial revolution was back during the 19th century. Banking is a rapidly collapsing industry just as newspapers. Mainstream news will not be around much longer for the younger generation pay no real attention to them and shows like MSNBC and FOX are really just propaganda selling their political views rather than reporting a fair and balanced news service. Banking will be unrecognizable in another decade.

  • jj719903 jj719903 Jun 19, 2014 8:48 AM Flag

    2- We are looking at a younger generation moving rapidly to electronic money much faster than the older generations even think is possible.

    We will see Google and Facebook emerge with electronic accounts for a client-base that will increasingly move away from brick-and-mortar banks rendering them obsolete just as Amazon wiped out a lot of bookstores. A Camera shop that has been here in my neighborhood for 40 years is closing at the end of June. When I ask why? The response was they cannot compete any long with their expenses.

    Banks are dinosaurs and are simply incapable of competition. They are as incapable of competing as the local camera store or the newspapers that cater to the older generations, not the younger. This is a wave of Creative Destruction that is in part contributing to the rising systemic unemployment as technology renders many jobs obsolete.

    The Internet giants of Google, Apple and Facebook already have the millions of customers established. They are tracking their buying behavior precisely. They can target customers like never before and making the next step in banking to lending will be a breeze. Credit applications are already being approved electronically in minutes. This makes much of the banking staff redundant.

    Moving to electronic money is being aided by this technology shift. So while the older generation pray for Bitcoin, the real money is in the hands of Google, Apple, and Facebook who do not have to sell their names to get people to trust them and like PayPal, you can keep your account in your home currency and pay in whatever currency you desire.

    Companies will ne moving more and more toward this shift in money. Once we see Google, Apple, and Facebook move to the next big step of lending, say goodbye to the banks of old. If someone online buys a book or bids for something on Ebay, his Internet company might will simply then offer you the right loan.

  • Bankers have topped?

    The real birth in electronic money is not Bitcoin, but Google Wallet. Standing in line at Starbucks you will see the under 25 crowd pay with their cell phones. Sorry, but Google is already there. Bitcoin cannot compete nor will traditional banks. Just as Amazon reduced book publishers to a subservient role at their direction, and book stores went out of business, while the internet is rendering newspapers obsolete, the trend to pay attention to is Google Wallet, which is targeting the traditional banks.

    Google has launched in the US market its electronic purse known as the Google Wallet. This form of electronic money enables users to pay for the internet as well as a rising number of stores like Starbucks. However, Google Wallet also allows you to send and receive money. In Europe, the search engine already has a banking license and could start at any time. Because Google’s Android operating system runs on many smartphones, the company has the ready market globally. Google Wallet has the best conditions to establish their electronic money in Europe including Germany and Switzerland than any other system. The younger the generation, the greater the market share Google already has in place. Extending their business into banking will be much easier than anyone anticipates. Google is poised to emerge as a bank that nobody seems to quite appreciate at this time.

    Apple’ latest iPhone is also equipped with a fingerprint sensor. The strategy in product development is clear. With this technology, your cell phone can become the most secure credit card because it will require your fingerprint to function. Apple is using this technology in its music platform iTunes that again is used in a greater proportion as you move down the age group..

    Facebook is also applying for a banking license in Ireland. They intend to offer banking using its vast worldwide online network throughout Europe.

  • jj719903 jj719903 Jun 1, 2014 9:53 AM Flag

    The banking/ hedge fund trolls are incredibly thick all over the message boards. Sinclair's TRX has a special place in their corrupt little minds. They hate the public getting educated about their crimes.

    wild_gold, here's a nice play by play video of the Crimex Cabal Operation. They honestly think this system is going to last.

    Search...Golden Truth #2 - Comex Options Expiration: Orchestrated Price...jj

  • Tanzanian Royalty Exploration Corporation is pleased to announce that Buckreef Gold Company Limited has been awarded the Environmental Impact Assessment Certificate for its Buckreef Gold Project in Tanzania.

    Receipt of this Certificate is the final approval necessary and confirms that all requirements for mining on the Buckreef Gold Mine project area have been fulfilled.

    Buckreef Gold Company Limited is a joint venture company owned by Tanzanian Royalty Exploration Corporation and the State Mining Corporation (STAMICO), representing the Government of The United Republic of Tanzania.

    The Environmental Impact Assessment Certificate was issued and signed by The Minister of State, Vice-President's Office-Environment, The Honourable Eng. Dr. Binilith Satano Mahenge (MP) and was received on the 27th of May, 2014. The process of obtaining an Environmental Impact Assessment Certificate is complex and involves multiple independent consultants, stakeholders and institutions, which have all given their stamp of approval for production at the Buckreef site, including .the professional national environmental body and the National Environment Management Council ("NEMC").

    In a message to shareholders, Mr. Joseph Kahama, Chairman and COO (Tanzania) said: "Your Company takes great pride in being partners with STAMICO in the Buckreef Project and plans to make every effort to continue its advancement to production and returning value to all its shareholders. I look forward to exciting times ahead and to keeping you abreast of developments as we move steadily forward."

    Respectfully submitted,
    Joseph Kahama
    Chairman and Chief Operating Officer (Tanzania)

  • May 27, 2014 6:00 PM ET

    The Chinese government is reviewing whether domestic banks’ reliance on high-end servers from International Business Machines Corp. (IBM) compromises the nation’s financial security, people familiar with the matter said, in an escalation of the dispute with the U.S. over spying claims.

    Government agencies, including the People’s Bank of China and the Ministry of Finance, are asking banks to remove the IBM servers and replace them with a local brand as part of a trial program, said the four people, who asked not to be identified because the review hasn’t been made public.

    The review comes a week after American prosecutors indicted five Chinese military officers for allegedly hacking into the computers of U.S. companies and stealing secrets, while former contractor Edward Snowden’s revelations last June of a National Security Agency spying program already hurt U.S. technology sales in China. Last week, China’s government said it will vet technology companies operating in the country, while the Financial Times reported May 25 that China ordered state-owned companies to cut ties with U.S. consulting firms.

  • ZH....

    One week ago we reported that while Russia was dumping a record amount of Treasurys it was buying gold, or some 900,000 ounces to be precise. Today we learn that as Russia continues to purchase gold, and is likely taking advantage of the recent rout in gold prices, it certainly won't be storing its physical metal with any of the western Central Banks. According to Reuters, shortly after Russia and China announced their historic gas deal, Vladimit Putin said at the recent International Economic Forum, that Russia need to ensure its gold and currency reserves are secure. And not just Russia: China too. Because apparently when it comes to speaking for "hard" monetary policy, Putin is now authorized to speak for both nations.

    "For us (Russia and China) it is important to deposit those (gold and currency reserves) in a rational and secure way," he said. "And we together need to think of how to do that keeping in mind the uneasy situation in the global economy."

    Putin also said China and Russia will consider further steps to shift to use of national currencies in bilateral transactions.
    And while we are confident the entire world is enjoying the now 5 year long foreplay, the time may have come for the PBOC to finally reveal what its updated gold reserves are. Maybe it can use Putin for that too.

  • Friday, May 23, 2014 at 12:42 pm

    In what has become a tradition here in Turdville, our pal Jim Willie stopped by this morning for a wide-ranging, hour long discussion.

    This baby checks in at just over an hour so you might want to break it up into parts. Download this to your computer/ipad and, if you need some time away from the pool or the beach, put in your earbuds and go to town! Amongst the topics discussed are these:

    The latest developments in the budding "Eur-Asian Alliance"
    The progress the BRIC nations are making in setting up the 21st Century financial system
    Falling U.S. interest rates and the treasury market
    DoucheBank and the other walking, TBTF zombies
    Jim has promised to join us again for our next 3-day weekend in July. Until then, this hour-long discussion should satisfy even the most starved info-junkie.

    Have a great weekend!


  • Snippet.... I would like to see something like that happen. However, we must keep in mind that we require the crash and burn. Society moves through waves of Creative Destruction. We must see the system collapse and that will then set the stage for a rebirth. The object is to be there when that happens. This will be the moment of truth. Society will swing either toward more authoritarian or toward real democracy.

  • TORONTO, ONTARIO May 20, 2014

    The Fosterville Gold Mine increased estimated Measured and Indicated Mineral Resources to 2.1 million ounces of gold, a 30% increase. Total estimated Measured and Indicated Mineral Resources increased to 16.6 million tonnes at 3.87 g/t Au.
    Results from exploration drilling at Fosterville indicate significant potential for further Mineral Resource growth through ongoing drilling from surface and underground.
    The Cosmo Gold Mine increased estimated Measured and Indicated Mineral Resources to 500,000 ounces of gold, a 4% increase. Total estimated Measured and Indicated Mineral Resources increased to 4.5 million tonnes at 3.43 g/t Au.

    Results from exploration drilling at Cosmo indicate the deposit remains open at depth down plunge and holds significant potential for further Mineral Resource growth.
    Crocodile Gold Corphas updated the Mineral Reserves and Resources Estimates at the Company's Fosterville Gold Mine as a result of the successful exploration drill program detailed in the Press Release of March 12, 2014. In addition, the Company has updated the Mineral Reserve and Resource statement for the Cosmo Gold Mine. Separate technical reports are being prepared in accordance with NI 43-101 for each of the project areas and will be filed on SEDAR within 45 days of this news release.

    Rodney Lamond, President and CEO of Crocodile Gold, commented: "I am pleased to announce that Crocodile Gold has significantly increased the Measured and Indicated Mineral Resource categories for both Fosterville and Cosmo Gold Mines. The substantial increase in Mineral Resources at Fosterville has extended the current Life of Mine plan and provides for potential Mineral Reserve increases as infill drilling continues. At Cosmo, the exploration drilling programs have focused on near term targets and have significantly increased the Measured Mineral Resource category.

  • jj719903 by jj719903 May 20, 2014 4:08 PM Flag

    TF metals report

    Our pal, Koos, has unearthed a German television video that you simply have to see.

    Here's a link to Koos' site and the post he created for the video below:

    Gold Price Manipulation Goes Mainstream On German TV

    You should read the article ASAP as he is almost certain to get another DDOS attack for having the courage to bring the video to our attention.

    Be sure to watch but, if you don't speak German, don't despair. Click the "CC" captions tab in the lower right corner of the YouTube screen. Pick your language of choice and subtitles will be provided.

    The only disappointing part of the video is the interview at the end with some gigantic German dude. The guy dances around the story a bit and then recommends paper certificates over physical. Oh well, he'll get his in the end, I suppose.

    Enjoy and forward.


  • 53 Mins Ago

    Thailand's army has declared martial law in a surprise announcement in Bangkok.

    It was not immediately clear whether a coup d'etat was underway. The move comes after six months of anti-government demonstrations aimed at ousting the government.

    The army said in a statement that it took the action to "keep peace and order."

    According to a report from Agence France-Presse, the declaration of martial law does not constitute a coup.

  • Submitted by Tyler Durden on 05/18/2014 - 11:46
    Just out from Bloomberg:

    Deutsche Bank preparing a capital increase, aims to raise EU8 billion through new shares by end of June, Handelsblatt says, citing unidentified people in the finance industry.
    Deutsche Bank likely to get new single investor
    Deutsche Bank new investor may hold 5%-8% of shares
    Deutsche Bank declined to comment: Handelsblatt
    And the punchline: Bank’s new shares may be sold with 25%-30% discount. In other words, it is liquidity scramble time, and the bank is willing to give anyone with deep enough pockets a 30% discount to market price just to get some additional short-term funding.


  • Zero H....

    Back in mid-March, there was a brief scare after the start of the Ukraine conflict, when Fed custody holdings plunged by a record $104.5 billion (if promptly bouncing back the following week), leading many to believe that Russia may have dumped its Treasurys, or at least change its bond custodian. We noted that we wouldn't have a definitive answer until the May TIC number came out to know for sure how much Russia had sold, or if indeed, anything. Moments ago the May TIC numbers did come out, and as expected, Russia indeed dumped a record $26 billion, or some 20% of all of its holdings, bringing its post-March total to just over $100 billion - the lowest since the Lehman crisis.

    But as shocking as this largely pre-telegraphed dump was, it pales in comparison with what Zero Hedge first observed, is the country that has quietly and quite rapidly become the third largest holder of US paper: Belgium. Or rather, "Belgium" because it is quite clear that it is not the country of Begium who is engaging in this unprecedented buying spree of US paper, but some account acting through Belgian custody.

    This is how we explained it last month:

  • Reply to

    Gold Forecaster Says $2,000 in 2014

    by jj719903 May 15, 2014 2:17 PM
    jj719903 jj719903 May 15, 2014 3:04 PM Flag

    Check out message board fools...Bashers fit the grade D basher.

    If you are trying to convince someone that a bunch of naked shorts with the help of a few downgrades is worth the ill gotten gains...enjoy!

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