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Ghost Airport Rises Like Phoenix; A good indication of the recovery unfolding
Topic Started: 31 Jul 2015, 12:24 PM (5,990 Views)
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Must be big investors bardon. $7,000. I should of bought it just to race my cars on. My kids appprentice wage a few years back would of bought this.

This recovery must be HUGE bardon.

Wages bubble 8-). I can see the headlines now.

" Australian first year aprrentice buys entire Spanish airport with 9 months pay'.
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Bardon
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At least we can watch this movie taken on the runway in the meantime.

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The Whole Truth
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Yawn!
I wouldn't waste the bandwidth. These are probably scams anyway, buy an old bit of concrete, put up a couple of dongas and park a dozer on site then have an IPO. 6 months later the dozer is taken back by the hire company and the airport project is in liquidation. After all the funds have been paid to consultants via cayman island banks of course.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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miw
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Andrew Judd
2 Aug 2015, 06:02 AM
I see from the Guardian Tzaneen International, a Chinese company set up in March with just €4,000 in capital,

We will have to see how it works out.
The amount of capital the company was set up with is not relevant. That's just the amount that needs to be deposited in the account to register the chops, etc.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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Andrew Judd
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miw
3 Aug 2015, 02:37 PM
The amount of capital the company was set up with is not relevant. That's just the amount that needs to be deposited in the account to register the chops, etc.
Either way it sounded like an important and grand name for a company that the Guardian says has only just come into existance

>>to register the chops

What does that mean?

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miw
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Andrew Judd
3 Aug 2015, 03:31 PM
Either way it sounded like an important and grand name for a company that the Guardian says has only just come into existance

>>to register the chops

What does that mean?
A Chinese company starts to exist when its chop (official stamp) is registered and when it ceases to exist (wound down, purchased and merged into another company) then its chop is destroyed. The chop is simply a round carved stamp with the name of the company around the outside.

Chinese claim that chops are harder to forge and repudiate than signatures, since they are hand-carved. The chop will be kept in a safe at all times and only brought out when there are documents to be stamped. In one company where I worked the chop was kept by the most senior person in the finance section in their safe. Only the country manager had the authority to authorize the chop's use, so the finance section always knew when the country manager made use of the chop. Obviously a lot of trust put in the finance officer not to pull out the chop and stamp letters the country manager had not approved.

Here's a picture of a chop stamped:

http://www.germany-translation.com/Upfile/20123261622673499.jpg

https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQWgypChwiasJ6SSCPk6jvYowHvwDUy3j7TOpY4fcak-YmOSGCc
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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Terry
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Anecdotal story about the airport from a buddy:

I flew out from there once on Ryanair. It was a total ghost town. Weird. I had to travel forever to get there, so far in fact that I missed my plane. There was no-one out there except an unrelenting mosquito infestation and a small little group of fellow Ryanair dupes, half of whom had also missed their flight. We all walked together to try and find the office, a good 45 mins hunt across the massive deserted airport. Ryanair made us all buy new full price tix. Then traipse all the way back to our gate, which was seemingly the only part of the airport that had aircon running. It was like a sci fi movie, the planetary engineers getting the last shuttle out before the sun explodes or something. Surreal and unexpected. When you pull up at an airport of that size and some of the automatic doors won't open and you are the only person around, both inside and outside the airport, you can't help thinking you must be still asleep in a club somewhere on heavy psychedelic drugs.
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Bardon
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According to another poster on this thread there has never been any flights into this airport, so somebody is telling porkies.
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SovietCensor
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Bardon
3 Aug 2015, 09:05 PM
According to another poster on this thread there has never been any flights into this airport, so somebody is telling porkies.

Bardon
 
Energy prices are a bit like mortgages, they will never be cheap.
http://australianpropertyforum.com/topic/10156373/findpost/8502798/

Posted when oil was US$104 a barrel, now $46.50, a 55% nominal decline.

Bardon
 
Yes a good indication of what is occurring out there. There is a tremendous opportunity starting in Oz now with the gas crunch about to start due to existing contract expiry and the high price that you can sell to export soon. Anyone with any smarts on the supply side will really do well in the near term. See the recent deal between Orica and Strike forward buying gas supply. This is a new way of doing business and I think this trend will continue on a bigger scale especially with the NSW gas crisis
http://australianpropertyforum.com/topic/9916617/findpost/8412287/

Posted when natural gas was 3.95/mBTU, now 3.59/mBTU, a 9% nominal decline. Amazing opportunity there, what with the NSW gas crisis an' all.

Bardon
 
Brisbane at long last looking good for the foreseeable in my view.
http://australianpropertyforum.com/topic/10112800/findpost/8490533/

I can't wait to see how this one turns out. Anything you are bullish on goes into a secular bear market.
Edited by SovietCensor, 3 Aug 2015, 10:57 PM.
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Bardon
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SovietCensor
3 Aug 2015, 10:55 PM


Posted when oil was US$104 a barrel, now $46.50, a 55% nominal decline.

Posted when natural gas was 3.95/mBTU, now 3.59/mBTU, a 9% nominal decline. Amazing opportunity there, what with the NSW gas crisis an' all.

I can't wait to see how this one turns out. Anything you are bullish on goes into a secular bear market.
Nice one comrade, you are such a sleuth.

Energy is still anything but cheap, no?

Anyone who know anything about the domestic gas market knows that the NSW gas crisis is still coming for the reasons previously mentioned.

Brisbane is still looking good, is it not?

Anything else?
Edited by Bardon, 3 Aug 2015, 11:05 PM.
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