Discussion
EFA
trooperiziz said:
Why doesn't he just pay someone to move the dredge for him, he must have spentinvested £500k by now in barges and work.
I think Tony being a control freak prefers to be in charge and not pay someone for something he thinks he can do better in his mind (ie his way). That sort of mindset also goes hand in hand with purchasing the tools to do a job rather than rent. He is also in the business of pulling yellow cash out of the ground and what he is doing is converting that mobile and volatile cash into rusty less venerable assets which have a useful purpose to boot. When he is done with the barge he will likely sell it and as its now a restored working barge likely get more for it than he paid and all the time he is using it his assets are less venerable to the whims of city traders idea of the gold price.8.4L 154 said:
EFA
I would agree with you, had he not "invested" all that cash in the first tug boat, which turns out is only worth the scrap value trooperiziz said:
Why doesn't he just pay someone to move the dredge for him, he must have spentinvested £500k by now in barges and work.
I think Tony being a control freak prefers to be in charge and not pay someone for something he thinks he can do better in his mind (ie his way). That sort of mindset also goes hand in hand with purchasing the tools to do a job rather than rent. He is also in the business of pulling yellow cash out of the ground and what he is doing is converting that mobile and volatile cash into rusty less venerable assets which have a useful purpose to boot. When he is done with the barge he will likely sell it and as its now a restored working barge likely get more for it than he paid and all the time he is using it his assets are less venerable to the whims of city traders idea of the gold price.
trooperiziz said:
Why doesn't he just pay someone to move the dredge for him, he must have spent £500k by now in barges and work.
Two possibilities, It wouldn't be very good tv , or maybe no private contractor in their right mind would work for him ?
The way he does business there either wouldn't be any money in it or you wouldn't get paid properly , I've dealt with a couple of Dutch people in the past in they are so tight they squeak when they walk .
Suspect the cost of getting a crew out to the middle of nowhere, with all their own gear, would be huge compared with doing it in house even with the 'investment' in a tugboat which doesnt work and a barge. Any professional company will have to ship in their own barge, probably their own crane, some accommodation for the guys etc. Its a multi-million dollar project.
Question if anyone knows the answer - just watched Todd and his crew need a long reach excavator to get down to bedrock, after stripping off some earlier overburden. How the f
k did the old boys in their dredge get down so far?!? The elevators on them only go down 20ft at most surely? Tony's dont seem to go especially deep.
Question if anyone knows the answer - just watched Todd and his crew need a long reach excavator to get down to bedrock, after stripping off some earlier overburden. How the f
k did the old boys in their dredge get down so far?!? The elevators on them only go down 20ft at most surely? Tony's dont seem to go especially deep. Condi said:
Suspect the cost of getting a crew out to the middle of nowhere, with all their own gear, would be huge compared with doing it in house even with the 'investment' in a tugboat which doesnt work and a barge. Any professional company will have to ship in their own barge, probably their own crane, some accommodation for the guys etc. Its a multi-million dollar project.
Question if anyone knows the answer - just watched Todd and his crew need a long reach excavator to get down to bedrock, after stripping off some earlier overburden. How the fk did the old boys in their dredge get down so far?!? The elevators on them only go down 20ft at most surely? Tony's dont seem to go especially deep.
No idea was wondering the same myself. Question if anyone knows the answer - just watched Todd and his crew need a long reach excavator to get down to bedrock, after stripping off some earlier overburden. How the f
k did the old boys in their dredge get down so far?!? The elevators on them only go down 20ft at most surely? Tony's dont seem to go especially deep. red_slr said:
The pond goes down with them. Then they flood the pond and float the dredge out and repeat.
As for Tony buying a tug its probably got more to do with the fact he has massive mining operations and he can use the tug to move other equipment I suspect.
Well yes you could control it by pumping out water from the pond, but the issue you have is dealing with the tailings. As the dredge moved forward it deposits tailings behind it, thus filling the pond. The pond creeps forward with the dredge. As for Tony buying a tug its probably got more to do with the fact he has massive mining operations and he can use the tug to move other equipment I suspect.
trooperiziz said:
8.4L 154 said:
EFA
I would agree with you, had he not "invested" all that cash in the first tug boat, which turns out is only worth the scrap value trooperiziz said:
Why doesn't he just pay someone to move the dredge for him, he must have spentinvested £500k by now in barges and work.
I think Tony being a control freak prefers to be in charge and not pay someone for something he thinks he can do better in his mind (ie his way). That sort of mindset also goes hand in hand with purchasing the tools to do a job rather than rent. He is also in the business of pulling yellow cash out of the ground and what he is doing is converting that mobile and volatile cash into rusty less venerable assets which have a useful purpose to boot. When he is done with the barge he will likely sell it and as its now a restored working barge likely get more for it than he paid and all the time he is using it his assets are less venerable to the whims of city traders idea of the gold price.trooperiziz said:
He is also in the business of pulling yellow cash out of the ground and what he is doing is converting that mobile and volatile cash into rusty less venerable assets which have a useful purpose to boot.
... is actually what he's doing, then he's a fool. Gold is a famously stable investment, it's where the world's richest people put their money in times of crisis to preserve their wealth.
At the opposite end of the scale is knackered, rusty, old plant, which is just about the most risky investment you can take on, with next to no chance of capital gains and minimal chance of income (only if you get it working well) and every chance of losing everything you put in (as Tony has found out with his refurb costs) and more from maintenance costs. Plus the best you can hope for is a 20 year or so life (from new) before it's only worth its scrap value.
Tony seems to have found some ground worth dredging and I bet is actually in the business of getting as much gold out of the ground in as short a time as possible whilst the gold price is relatively high. This is the reason he's buying the dredges. They most certainly aren't an investment. There's a reason those dredges have sat unused for decades, which Hoffman's most recent failure shows - those "old timers" knew what they were doing and left next to nothing on the table. They therefore have a very limited use.
Edited by youngsyr on Monday 26th December 18:02
youngsyr said:
... is actually what he's doing, then he's a fool.
Gold is a famously stable investment, it's where the world's richest people put their money in times of crisis to preserve their wealth.
At the opposite end of the scale is knackered, rusty, old plant, which is just about the most risky investment you can take on, with next to no chance of capital gains and minimal chance of income (only if you get it working well) and every chance of losing everything you put in (as Tony has found out with his refurb costs) and more from maintenance costs. Plus the best you can hope for is a 20 year or so life (from new) before it's only worth its scrap value.
Tony seems to have found some ground worth dredging and I bet is actually in the business of getting as much gold out of the ground in as short a time as possible whilst the gold price is relatively high. This is the reason he's buying the dredges. They most certainly aren't an investment. There's a reason those dredges have sat unused for decades, which Hoffman's most recent failure shows - those "old timers" knew what they were doing and left next to nothing on the table. They therefore have a very limited use.
He mentioned when he bought the first dredge that the running costs are massively cheaper with the dredge vs digging/rock/trucks etc. The cost of diesel seems to be the main driverGold is a famously stable investment, it's where the world's richest people put their money in times of crisis to preserve their wealth.
At the opposite end of the scale is knackered, rusty, old plant, which is just about the most risky investment you can take on, with next to no chance of capital gains and minimal chance of income (only if you get it working well) and every chance of losing everything you put in (as Tony has found out with his refurb costs) and more from maintenance costs. Plus the best you can hope for is a 20 year or so life (from new) before it's only worth its scrap value.
Tony seems to have found some ground worth dredging and I bet is actually in the business of getting as much gold out of the ground in as short a time as possible whilst the gold price is relatively high. This is the reason he's buying the dredges. They most certainly aren't an investment. There's a reason those dredges have sat unused for decades, which Hoffman's most recent failure shows - those "old timers" knew what they were doing and left next to nothing on the table. They therefore have a very limited use.
Edited by youngsyr on Monday 26th December 18:02
As said before the teaser trailers don't seem to come off, I thought clueless Todd would of got a slap too, a month without pay must grind.
Tony wasting the money building a pointless trailer instead of just renting was great. He knows best!
And Parker running without grizzly bars was puzzling, having to shut down for hours to fix the belt etc surely can't be as good as running slowly by manually operating the bars.
And what was with his guy not stripping pay properly?. It was a huge area and it only seemed to be noticed after a long time.
Tony wasting the money building a pointless trailer instead of just renting was great. He knows best!
And Parker running without grizzly bars was puzzling, having to shut down for hours to fix the belt etc surely can't be as good as running slowly by manually operating the bars.
And what was with his guy not stripping pay properly?. It was a huge area and it only seemed to be noticed after a long time.
I think Parker is spending significantly less time on site being hands on compared to previous seasons. Old cigar chewing guy hasn't been around for a while either - early in the season it was mentioned he'd had what sounded like a pretty major back operation? Ultimately, mistakes don't get picked up when you're running so tight on resource.
Certainly a lot less footage of him operating a digger or dozer, seeing first hand what's happening with the dirt.
Todd is a fking shambles. Looks like it's him and his old man next week, running an enormous operation with two guys. If the conspiracies are true, I'm expecting decent cleanups all of a sudden...
Tony just doesn't want anyone to be in a position to tell him what to do. Renting means loss of control and the only person he's willing to accept controlling him is his missus.
Certainly a lot less footage of him operating a digger or dozer, seeing first hand what's happening with the dirt.
Todd is a f
king shambles. Looks like it's him and his old man next week, running an enormous operation with two guys. If the conspiracies are true, I'm expecting decent cleanups all of a sudden...Tony just doesn't want anyone to be in a position to tell him what to do. Renting means loss of control and the only person he's willing to accept controlling him is his missus.
jonm01 said:
Why didn't they just keep the grizzly bars closed and clear the big rocks off every few loads?
Stupid is, as stupid does.It's part of this whole 'git 'er done, elf and safety gone mad init macho mentality - so the thing that stops big nasty rocks going into your wash plant and wrecking it is stopping the big nasty rocks going into your wash plant and slowing you down and costing you money - that's Commie talk! Perhaps that’s unfair, you can tell that one of the most ingrained rules of Gold Mining is that you keep the plant running, no matter what – most of their problems are caused by them either running when they shouldn’t or running too fast.
Given the same set of circumstances again, he'd do it again too, from idiot Todd to Lunatic Tony and Petulant Parker - they're somewhere between hopeless optimist and ADHD Sufferer.
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