Australian Group: Square Kilometre Array (SKA) Telescope - Video and News

The SKA is a global collaboration of 20 countries which is aimed to provide answers to fundamental questions about the origin and evolution of the Universe.
Click the figure below to see the video.

Zoom

Geometry in Australia - Slideshow

Click the figure below to see the slideshow.

Zoom

Bowen Basin Coal Mines, Australia: Final Assembly of a Caterpillar 797F, Video and News

The Bowen Basin contains the largest coal reserve in Australia. This major coal producing region contains one of the world's largest deposits of bituminous coal.

Click the figure below to see the video and news.

Zoom at: Final Assembly of a Caterpillar 797F at Bowen Basin.

Blasting at Nickel West Mt Keith

Video
Mining and Blasting at Nickel West Mt Keith in Western Australia.
Click the figure below to see the video.


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Snow White, Australian beer style

Totally OT and unjustifiable in IKN, here's an advert for 'Jamieson's Raspberry Beer', an Australian brew that wants to convince the beer-drinking public over there (I hear there are one or two) that their product is "anything but sweet". You probably can't buy it where you live, but there's always 7-Up as an alternative....

Apparently Disney is pissed at them. Read more in this Australia Daily Telegraph report.

Troy Resources (TRY.to)(TRY.ax): A new NOBS report coming in IKN20

I'm happy to report that today Troy Resources (TRY.to)(TRY.ax) blew through our 12 month target for the stock as set in the NOBS fundamental report on the stock in The IKN Weekly, issue five. In that IKN5 edition published in May 2009, the stock stood at CAD$1.32 and the report finished with these words (slightly edited):

"Since NOBS first recommended TRY.to as a top-rated investment on December 29th 2008 the stock has performed very well and has moved up 80.8%. However there is plenty left in the tank here and once the Casposo mine comes online the current 12 month forecast may well be left for dust by those wise enough to keep holding through. NOBS has no hesitation in reiterating its strong buy rating on Troy Resources (TRY.to) with a 12 month price target of C$2.25 for the Canadian stock that assumes (paragraph continues)........"

A 70% upside (or XXXXX% at $1000/oz gold) might not be your idea of a great investment as you might be out there looking for the five or ten bagger right now in the current atmosphere. Well, if you like we can change the valuation metrics, aim at $1000 gold, limit production forecasts, trim that cash cost, base the target on a 24 month price, use 2011 revenues projections and up the PE multiple to 12X. And hey wow, suddenly the forecast is for C$XXXXX and +XXXXX% (I just did that on the spreadsheet and that’s what popped out). But that’s not how The IKN Weekly works as I much prefer treating you guys like the adults you are and not waving pretty baubles in front of your eyes. What we have here is a company offering strong upside even using conservative parameters. We hit that first target, we look at it again. We examine why it’s made it so far and we can adjust upwards. There will be no reason to sell Troy Resources until the music stops with the price of gold. This company offers exceptional investment value, be in no doubt.

So that's exactly what we're going to do this weekend, folks. The target has been reached and we're now going to look at the changes we've seen in TRY (both good and bad) and see what we can expect from the stock going forward. See you there at the weekend. Until then, don't touch that dial.

Troy Resources (TRY.to) (TRY.ax) and its simple message:

DON'T.......TOUCH.......THAT.......DIAL

Colombia: Great piece of straight reporting from Australia

Go to this link and watch the video report from Australia's ABC channel and watch a really solid, well made report on today's Colombia by Eric Campbell. He does an excellent job of giving both sides of the story and pulls no punches against both the FARC and the government. It's 25 minutes long, so before you hit "play video" make yourself a coffee and find a comfy chair, but do it anyway. This isn't a soundbite special, this is real journalism.

To labour the point, this is great reporting be in no doubt. So good to see a bit of straight talk on Colombia via an English-speaking medium. Here's the link again.

Hat tip to reader 'MB' for the headsup.

Australia: Math in crisis as teachers go private

Education

Advanced mathematics is disappearing from public school classrooms, leaving students able to learn only basic math, because the few qualified teachers are being snapped up by the private sector. Source: The Australian by Andrew Trounson.



Read more at:
gogeometry.com/world_news_map/australia_maths_in_crisis_as_teachers_go_private.html

Troy Resources (TRY.to): Still extremely undervalued

With Troy Resources (TRY.to) (TRY.ax) currently sitting at $1.13, the writer of this missive is 35% in profit on the position first recommended late December and taken in January (after waiting for my price to appear).

Click to enlarge

However this doesn't mean that, compared to other gold plays, the value is now gone from a new position in TRY.to. Far from it, as the people who bought a copy of the NOBS report (see that subtle pump? Click that link for the details) will know that at U$1,000/oz gold the NOBS 12 month target for TRY.to is way higher than today's price. In fact, even $900/oz is more than a double from here.

Several people have asked me for a good gold play as they've watched Au climb. I can see no better out there right now. The $1.13 of today is a tremendous bargain and as the volume bars show on that chart above, the company is still thankfully flying under most radars.

Want a gold miner? Buy Troy Resources. DYODD, dude.

Disclosure: Yes, I own. Can't you read?

Troy Resources in Australia having a good session

Troy Resources (TRY.to) (TRY.ax) is having a good day in Australia today. Here's the chart (and note tonight's candle blowing through the upper bollyband). Volume is 200,000 and counting, which is above average:

On current forex, the A$1.29 right now translates to C$1.05. Note that TRY.to closed at C$0.96 today in Canada on very low volumes. That's a 10% arbitrage on disparate volumes...nice.

The NOBS report that explains just why I like this stock so much is still very much available; Click here for details and get your own copy; it'll make you a lot of money in 2009.


UPDATE: just checked back to the ticker a couple of minute later and TRY.ax is trading at $1.31. That's up 16% and really moving now.

C'mon Aussie C'mon

Kevin Rudd: Decent guy, I say

A well-deserved shout out, applause and w00t coming up for Australian Prime Minister Kevin Rudd right here and right now.

During the Peru APEC conference last week, Rudd slipped out the side door and went to visit three Sisters Of Mercy nuns that are helping to alleviate poverty in one of the many Lima shanty towns. You can read about his visit right here, or you can watch a one-minute news slot that played on Aussie TV by clicking this link.

While he was there, Rudd pledged $45,000 to buy a new X-ray machine for the local health centre. The Australian journalist who wrote the linked note sums it up very well.

Put $45,000 towards health or education in Australia and it would barely rate a mention. Yet here, a cheer went up when prime minister Kevin Rudd pledged to give the residents of this slum the sum for a simple X-ray machine.

As for Rudd, he had this to say for himself:

“At a time of a global financial crisis, it is easy for people to forget the poor, (But) none of us ever should forget the poor because we are all one human family. And wherever people are poor, those of us who are not poor have a responsibility. And that responsibility we see worked out in the lives of these wonderful Mercy Sisters here in Lima in Peru.”

Otto says: It may be part politics, but all the same good on you Kevin. Great to see a world leader that isn't just paying lip-service to social needs and doesn't simply expect the free market to provide. Warm applause from chez Otto, but red hot applause and deepest thanks to the nuns such as those visited by Rudd last week. It's good to be reminded that real people really care about other real people. Rudd has done us a double favour by bringing attention to the selfless givers of this world.

Finally, a big thank you to reader Alex who posted those links on this previous post. You paid it forward in style, mate.