Gold Loans ‘Lending with comfort’ Muthoot Finance – BUY CMP: Rs154 Target: Rs202 Largest gold financing company in the country with 20%+ market share AUM growth to moderate but remain strong on higher base NIM to decline on steep increase in funding cost; yield to be relatively resilient Earnings CAGR to remain brisk at 39% over FY11-13E RoA to marginally come-off; RoE to normalize India - a huge gold loan market India is one of the largest markets for gold accounting for ~10%
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Sherman 1 Amanda Sherman Mrs. Hall English 9 7 Dec 2012 1849 Gold Rush In the Early 1840’s a wealthy man by the name of John Sutter headed West to a place very few people had ever seen or heard of‚ called California. His plans were to start his own private empire. Then gold was discovered. People came from all over the world to find the mother-lode of gold. Gold was a very valuable substance and back then even a little bit could satisfy you for life‚ therefore triggering a stampede of half
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California Gold Rush changed California by creating a larger and more diverse population‚ establishing San Francisco as one of the premier trade and banking cities in the nation‚ and the eruption of mining “boom towns.” By the winter of 1848‚ rumors of gold had drifted eastward across the country‚ but few easterners believed them. The gold discovery needed validation and President James Polk delivered that in early December of 1848. Every family within the nation was discussing gold in the west
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Gold Mining: Why it should be banned in the Philippines? Gold mining in the Philippines can be traced hundreds of years back before the colonizers came to the country. As early as 1521‚ our ancestors were already panning gold and have decorated themselves with gold accessories. As years passed‚ the growth of the mining industry has increased. In 1995‚ Philippine Mining Act was passed which the government allowed foreign companies to fully operate in the country; it created backlash from Filipinos
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Migratory Effects of the Gold Rush on California America has long and rich history and one of most famous and largest was gold rush happened in California throughout 1848. The gold that was found in California was considered unique because golden nuggets were found in the river which made it easy to collect and also free to take home. Many of the gold seekers believed that they would return home in a few months or in a year with their packets full of gold. The spirit of gold attracted hundreds and
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yield upwards of 100 million ounces of gold. The Indonesian government was threatening to redistribute ownership of Busang‚ the mining region in which Bre-X had property rights‚ due to its fear that Bre-X was a short-term player not serious about extracting the gold or a long term commitment in Indonesia. These fears were justified given Bre-X’s small size (it had a net loss of $Cdn. 366‚677 in 1995 compared to a net income of $Cdn. 218 million from Barrick Gold Corp.‚ a potential government-corporate
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TITLE: The Elements Author: Theodore Gray Pages: 200 Genre: Non-Fiction Name: Sooraj Shah Date: 1/30/11 Plot Summary: I will be talking about 3 elements in the plot summary because there is no plot in the book. Each page is just talking about an element‚ so you could start anywhere in the book if you wanted to. The first element I will discuss is hydrogen. Hydrogen is the first element on the periodic table and is the most reactive. It only has one proton and one electron. It is the
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The Gold Rush and The California Dream The California Dream as it was seen during the gold rush and even today is a direct result of the embellished images and stories that flew out of California during the Gold Rush of 1849. In cold harsh weather farmers heard stories of a place where it was always warm. Where you never had to see snow if you didn’t want to. This place that had rivers filled with gold‚ and a place that gave up its wealth and treasures with barely any effort. They were hooked
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Copper to Silver to Gold—A Comparison of Physical and Chemical Changes (Adapted from Abra-Ka-Dabra by C. M. Bires.) Introduction Hundreds of years ago‚ noblemen and women would pay large sums of money to alchemists. These early chemists were similar to modern-day illusionists in that they used a little science‚ a few tricks‚ and some acting to convince their clients that they had the ability to transform base metals into pure gold. Although these alchemists were eventually revealed as charlatans
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to assess material changes in financial condition and results of operations as at and for the three month period ended March 31‚ 2013‚ in comparison to the corresponding prior–year period. The MD&A is intended to help the reader understand Barrick Gold Corporation (“Barrick”‚ “we”‚ “our” or the “Company”)‚ our operations‚ financial performance and present and future business environment. This MD&A‚ which has been prepared as of April 23‚ 2013‚ is intended to supplement and complement the condensed
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