Sunday Culture - A Tale of Two Cows

Sadly I am not able to post the entire picture here so the text would be readable.

You can view it perfectly in 9GAG.com.

It is a hilarious joke, especially the last part. 

Click Here.

Nordic Mining - Starting up

                           

                             Nordic Mining        

                             Homepage

Among my other companies that I follow or have invested in I have one company in my portfolio that is still truly a stat-up company. Situation is that NOM is currently waiting for final permissions from the government to start its operation. Sadly the government has been typically slow on this matter. Norway is expected to anytime now to publish their new mineral strategy, it is expected that by that time NOM will get its final permits to start operation in Engebø and it will be included in the plans in some way being strategically an important company. 

Source: http://www.nrk.no/nyheter/distrikt/nrk_sogn_og_fjordane/1.10901249

This mineral strategy was already supposed to be published a few weeks ago, but for unknown reasons it was still pulled back. Problem this delay is causing is that NOM will soon need more financing but as uncertainty about the permits is still strong the stock price stays in low levels. So getting more money  now by releasing stocks isn't a great option for them. If the permits come in before that, the price of the stock could be much better for them. This waiting and uncertainty has kept stock price in low levels and lately trading has been very quiet as well.

Personally I have a strong belief that in the end the permits do come and NOM will be seen as a prosperous company in the future. For now seeing the time scale of this is difficult as it is up to the government.



Nordic Mining ASA is a Norway-based mining company engaged in the exploration and production of industrial minerals and metals. The Company carries out project development activities related to anorthosite in Gudvangen in the Sogn og Fjordane region, Norway, as well as in Engebofjellet in Sogn og Fjordane, where it also has rights to deposits of rutile and garnet. Nordic Mining ASA has established cooperation with the Department of Geology and Mineral Resources Engineering at the Norwegian University of Science and Technology in Trondheim (NTNU) and the Norwegian Geological Survey (NGU). The agreement enables the Company to carry out mapping and prospecting activities for mineral and metal deposits in Norway. The Company is operational mainly in the Nordic region, through a number of subsidiaries, which include Keliber Oy, Nordic Mining America, Inc., Gudvangen Stein AS and Nordic Rutile AS.

HERE is an 8 months old report on the expectations and situation of Nordic Mining, provided by Carnegie.

Engebø (TiO2)

Gudvangen Stein AS

Keliber

Exploration

NOM in Oslo Stock Exchange.

Board of Directors

Team

Sunday Culture, 10th of Feb

This Sunday I'll share with you one interesting song that I found while watching season four of Breaking Bad. Enjoy.

Fever Ray "If I Had a Heart"

+a comic

Blood on the Streets

Pardon for this blog being a few months late from expected. I was travelling for three weeks and had to adjust to new year again so my thoughts have been in other matters.

In this blog I'm listing my current investment favorites in terms of "blood on the streets". If you are unaware, this is used to mean for example times when there is a financial crises and stock prices plummet. During this time an active digger can find companies that have gone down in price but still offer excellent business foundation, or companies that have more problems to solve but still offer great growth opportunities in the future.

Financial crisis in the US harmed many companies, but these three are what I consider worth following and investing into. Current situation especially in the Europe also has taken prices down of many good stocks, but for now I'm only talking about these three here. 

They have already been saved, so unless a new major crises comes they shouldn't not be falling down. They are already major players in the US and in the global market. But they are still adjusting to their current situation and waiting for the right time to perform normally again, without control from the direction of the government. Investment horizon of course is multiple years. They have been recovering nicely during 2012 but we can only guess their future speed of recovery. Especially since the world economy is still uncertain.

Bank of America Corp Homepage

Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Bank of America is a financial institution, serving individual consumers, small and middle market businesses, corporations and Governments with a range of banking, investing, asset management and other financial and risk management products and services. Through its banking and various nonbanking subsidiaries throughout the United States and in international markets, the Company provides a range of banking and nonbanking financial services and products through six business segments.

AIG Homepage

American International Group, Inc. (AIG) is an international insurance company, serving customers in more than 130 countries. AIG companies serve commercial, institutional and individual customers through property-casualty networks of any insurer. In addition, AIG companies are providers of life insurance and retirement services in the United States

Citigroup Inc Homepage

Citigroup Inc. is a global diversified financial services holding company whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services. It operates in two segments: Citicorp, consisting of Citigroup's Global Consumer Banking businesses and Institutional Clients Group, and Citi Holdings, consisting of Brokerage and Asset Management, Local Consumer Lending and Special Asset Pool. Global Consumer Banking (which included retail banking and Citi-branded cards in four regions-North America, EMEA, Latin America and Asia) and Institutional Clients Group (which included Securities and Banking and Transaction Services).