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Annaly Capital Management, Inc. Message Board

mayberrygooddad 51 posts  |  Last Activity: Apr 17, 2014 10:49 PM Member since: Dec 5, 2011
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  • Reply to

    Rio Tinto rumours boost value of Oyu Tolgoi

    by mayberrygooddad Mar 18, 2014 12:38 PM
    mayberrygooddad mayberrygooddad Apr 17, 2014 10:49 PM Flag

    bump,

    Sentiment: Buy

  • Reply to

    IMO Buy Buy Buy

    by mayberrygooddad Mar 25, 2014 7:01 PM
    mayberrygooddad mayberrygooddad Mar 25, 2014 7:06 PM Flag

    Decision time approaches for Mongolia, Rio Tinto and Turquoise Hill on Oyu Tolgoi, the enormous copper mining project that could one day represent about a third of the landlocked nation’s economy.

    Since we reported that Mongolia’s yet to be created sovereign wealth fund could take an equity stake in Turquoise (which releases earnings after the close in Toronto on Tuesday), one deadline has been extended, the mining minister has done his best to wind up investors, China has reasserted itself and Tony Blair has popped up.

    All of which means that a deal to start work on the underground part of the mine (phase II), funded by $4bn of loans by commercial banks and multilateral lenders, is very close. But it remains caught up in Mongolian politics, and may not hit the March 31 deadline on which the funding hangs.

    To deal with those loans first. The agreement with the commercial banks is good until Monday. The World Bank’s International Finance Corporation and the European Bank for Reconstruction and Development had set a February 24th deadline for their involvement, but this was kicked out to March 31.

    Rio and a team of Mongolian negotiators led by a former politician have pretty much nailed down the terms of their agreement, and could have some sort of memorandum of understanding and completed feasibility study ready to go by Monday.

    We also understand that Tony Blair — who has form in helping big mining deals get past a late-stage impasse — has told the Mongolians that the deal is fair, although in an unofficial capacity only. Officially he is in the country advising on a governance project.

    However Rio needs/wants someone with clout to sign the agreement, such as the prime minister, before they start digging on this. Which brings us to the mining minister, Gankhuyag Davaajav.

    He was in Toronto this month to talk up the country at a mining conference, the Prospectors and Developers Association of Canada, with a keynote address that gives a sense of the importance of the project to an economy that is exploding:

    Sentiment: Strong Buy

  • Reply to

    down .26 after hours....

    by cernig16 Mar 25, 2014 4:38 PM
    mayberrygooddad mayberrygooddad Mar 25, 2014 4:46 PM Flag

    After Hours : 2.97 0.00 (0.00%) 4:23PM EDT, just a skip no worries

  • Reply to

    Rio Tinto rumours boost value of Oyu Tolgoi

    by mayberrygooddad Mar 18, 2014 12:38 PM
    mayberrygooddad mayberrygooddad Mar 19, 2014 2:35 PM Flag

    I get that feeling also, but either way, BO no BO, I see TRQ as a double by end of summer.

  • Reply to

    Rio Tinto rumours boost value of Oyu Tolgoi

    by mayberrygooddad Mar 18, 2014 12:38 PM
    mayberrygooddad mayberrygooddad Mar 18, 2014 12:56 PM Flag

    In part

    Rumours about an acquisition are reasonable because a single owner of the asset would find it much easier to negotiate with the government. It would also make sense for Rio to own Turquoise Hill outright rather than share its spoils with unrelated shareholders, who are already at the mercy of Rio anyway.

    However, Rio’s desire to buy out other shareholders in Turquoise Hill, including founder Robert Friedman, puts it in a difficult position. The ideal timing would be to make an offer as soon as possible after the second phase is authorized. “The longer they leave it, the higher the price they're going to pay,” Hamilton said.

    So why hasn’t Rio done anything? The truth is that it is stuck. The second phase cannot start until it is authorised by the government and the government says it won’t do that without a feasibility study that Turquoise Hill says won’t be ready until the summer. Meanwhile, the project’s $4 billion syndicated financing expires on March 31 and cannot be released until the authorisation comes through.

    Sentiment: Buy

  • Must read!!! today at www financeasia com
    Hits the nail on the head!!!

    Sentiment: Buy

  • Reply to

    rio is is writing off (down)TRq

    by fkingbeauty Mar 18, 2014 9:08 AM
    mayberrygooddad mayberrygooddad Mar 18, 2014 12:29 PM Flag

    Look at this first, good outlook, just a waiting game for us. Today Google financeasia.com news rio tinto rumours boost value of oyu tolgoi project

  • Reply to

    TM on TRACK??? What?

    by tradingdayz Mar 15, 2014 12:34 PM
    mayberrygooddad mayberrygooddad Mar 15, 2014 2:44 PM Flag

    Story was in error, the guy does not work for IVAN, other site listed it as

    One of the affected companies, Southern Pacific Resource Corp. (TSX:STP), doesn’t expect the delay will change its project’s timing.

    “It’s not going to affect our timeline,” said spokesman Greg Foofat.

    Southern Pacific will have to submit more detailed information on the structure of the caprock in its area. But Foofat said the company anticipated the regulator’s bulletin and built it into its schedule.

  • mayberrygooddad by mayberrygooddad Mar 14, 2014 5:58 PM Flag

    China National Gold Group Corp. is in talks with Robert Friedland’s Ivanhoe (IVN) Mines Ltd. about buying a stake in a Democratic Republic of Congo copper project, people with knowledge of the matter said.

    China’s largest gold producer may seek to acquire about 15 percent of Ivanhoe’s Kamoa project, said two of the people, who asked not to be identified as the talks are private. Ivanhoe is also considering selling a stake in itself, one person said. The Kamoa mine had a net present value of about $2.5 billion after taxes as of November, according to Ivanhoe’s website.

    March 13 2014 site at businessweek..com/news

  • Reply to

    Oilsands development

    by tristar524 Mar 14, 2014 9:04 AM
    mayberrygooddad mayberrygooddad Mar 14, 2014 3:35 PM Flag

    Story was in error, the guy does not work for IVAN

    One of the affected companies, Southern Pacific Resource Corp. (TSX:STP), doesn’t expect the delay will change its project’s timing.

    “It’s not going to affect our timeline,” said spokesman Greg Foofat.

    Southern Pacific will have to submit more detailed information on the structure of the caprock in its area. But Foofat said the company anticipated the regulator’s bulletin and built it into its schedule.

  • Reply to

    Oilsands development

    by tristar524 Mar 14, 2014 9:04 AM
    mayberrygooddad mayberrygooddad Mar 14, 2014 11:28 AM Flag

    Good find, Thanks for posting

  • Reply to

    RIO speaks on Oyu Tolgoi

    by mayberrygooddad Mar 13, 2014 4:38 PM
    mayberrygooddad mayberrygooddad Mar 13, 2014 10:54 PM Flag

    All the egos are just to big. I'm starting to think three party deals can't be completed anymore. I really hope RIO makes the offer on TRQ.

  • mayberrygooddad by mayberrygooddad Mar 13, 2014 4:38 PM Flag

    Mr Walsh said he would not be rushed to complete an investment agreement with the Mongolian Government over the second stage of the Oyu Tolgoi copper mine, despite certain finance agreements expiring at the end of March.

    "We are not about rushing this to meet a deadline," he said.

  • Reply to

    MoG spoke today

    by mayberrygooddad Mar 13, 2014 10:51 AM
    mayberrygooddad mayberrygooddad Mar 13, 2014 2:24 PM Flag

    Agree, I don't buy the (RT itself is doubting whether to invest) That's just leverage talk, I'm still hoping RT wants it all. If they make an offer TRQ should double.

  • Reply to

    Chinese, Ecuadoran buyers, are they here yet?

    by tradingdayz Mar 13, 2014 1:11 PM
    mayberrygooddad mayberrygooddad Mar 13, 2014 1:56 PM Flag

    I can't recall the particulars of the story.... maybe them trying to buy Canadian Co. and/or oil sands?

  • Reply to

    Chinese, Ecuadoran buyers, are they here yet?

    by tradingdayz Mar 13, 2014 1:11 PM
    mayberrygooddad mayberrygooddad Mar 13, 2014 1:28 PM Flag

    I Goggled CNPC about every way one can about leaking a deal. One story I found was about 7-8 years old. It said we (CNPC) missed this deal because we talked about it and were then shutout. In the future we will not make that mistake again.

  • Reply to

    MoG spoke today

    by mayberrygooddad Mar 13, 2014 10:51 AM
    mayberrygooddad mayberrygooddad Mar 13, 2014 12:44 PM Flag

    I'm new here also, I took it as credible, seemed like it was just repeating GoM statements. I took it as a power play between RIO & TRQ and GoM wants the deal done by end of month. But I'm usually wrong about this type stuff.

  • Reply to

    MoG spoke today

    by mayberrygooddad Mar 13, 2014 10:51 AM
    mayberrygooddad mayberrygooddad Mar 13, 2014 12:22 PM Flag

    Headline trq: mongolian pm - nothing depends on gom now, rt itself is doubting whether to invest

  • Reply to

    MoG spoke today

    by mayberrygooddad Mar 13, 2014 10:51 AM
    mayberrygooddad mayberrygooddad Mar 13, 2014 12:04 PM Flag

    Did you find the blog piece? Wondering about some of the statements in it. (Because world economic condition is worsening since last year, RT itself is doubting whether to do or not investment when commodity prices are falling) and financing needs to be found by end of March..

  • Reply to

    MoG spoke today

    by mayberrygooddad Mar 13, 2014 10:51 AM
    mayberrygooddad mayberrygooddad Mar 13, 2014 10:53 AM Flag

    GoM, lol

NLY
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