Western Areas WKN 854 633 ISIN ZAE000016549 WAR Oder Kebble´s Trojanisches Pferd

WAR stellt heute morgen seinen Kursrekord ein 4.700 Rand.

Enmalige Chance für alle Gehedgten sich frei zu kaufen.

Croesus und wie Ihr alle heisst wacht auf!


Gogh

South Deeeeeeeeeeeeeep!

kleiner Querstollen statt 4 km Tiefschacht;

das ist schon einen asbach uralt wert

(und spart 200 Mio USD).

gogh

Barrick Reaches Agreement with Gold Fields on South Deep Asset
====================================================

2006-09-11 03:15 ET - News Release

TORONTO, ONTARIO -- (MARKET WIRE) -- 09/11/06

Barrick Gold Corporation (NYSE: ABX)(TSX: ABX)(LSE: BGD)(SWX: ABX)

(EURONEXT PARIS: ABX) announced today that it has entered into a

definitive purchase and sale agreement with Gold Fields Limited (GFI:

JSE; NYSE) regarding Barrick's indirectly held 50 per cent interest in the

South Deep asset and its rights under the joint venture agreement with

Western Areas Limited in the Republic of South Africa.

The consideration is comprised of US$1.525 billion of which US$1.2

billion will be paid in cash and the balance of US$325 million in Gold

Fields shares (based on the average ADR trading price on the NYSE for

the five trading days immediately preceding the closing of the transaction).

The agreement is subject to customary conditions including the receipt

of South African regulatory approvals and is expected to close in early

2007. Western Areas Limited, Barrick's joint venture partner in the South

Deep asset, has determined not to exercise its preemptive rights.

"This agreement brings value and makes sense for all concerned: Gold

Fields has great expertise in deep level mining and there are synergies

that they can realize in conjunction with their nearby flagship operations

in South Africa," said Greg Wilkins, President and Chief Executive

Officer. "Barrick's employees in South Africa will remain focused on

advancing the Sedibelo platinum project and providing support and

services to Barrick operations and projects in Africa."

Gold Fields' Chief Executive Officer Ian Cockerill said: "The combination

of our plans to invest in the deepening of the Driefontein and Kloof gold

mines and the purchase of Barrick's 50 per cent interest in South Deep

will create additional value for our shareholders and secure Gold Fields'

position as the premier gold producer in South Africa for the next fifty years."

Barrick acquired its 50 per cent interest in South Deep through its

US$10.0 billion acquisition of Placer Dome Inc. in January 2006. Barrick

completed its agreement with Goldcorp Inc. in May 2006 under which

Goldcorp acquired four Placer Dome mines and other agreed interests

for US$1.6 billion. The rationale for Goldcorp and the Placer Dome

interests in Canada was similar to the Barrick/Gold Fields agreement

relating to synergies that could be derived from consolidating mining interests.

.............................gekürzt........................

aufwaerts, III. Etage Bettwaesche und Lederwaren!

Die verbliebenen Freien-WAR-Aktionäre sind in Drachenblut gebadet.

Damit wird der liebe Ian nicht durchkommen.

Gogh

"In terms of the offer, Western Areas shareholders will receive 35

ordinary shares of Gold Fields for every 100 Western Areas shares

tendered into the offer. Based on the closing price of Gold Fields shares

on 7 September 2006, namely R150.20 per share, this represents a

value of R52.57 per Western Areas share. The consideration represents

a premium of 16.8% to the closing price of Western Areas on 7

September 2006. This consideration is based on the amount payable by

Gold Fields for BGSA's 50% interest in South Deep, adjusted for the

additional assets and liabilities of Western Areas"

[Blockierte Grafik: http://www.medievidenskab-odense.dk/uploads/pics/TheModel.jpg]

Harmony darf also auch seine WAR-Aktien andienen.

Goldfields zieht alle am goldenen Nasenring.

Sei´s drum, die Freien Aktionäre hatten schon dem

Lindwurm in die Augen geschaut und in seinem Blut gebadet.

Da braucht Goldfields erstmal 90% (von HAR, JCI).

Erst zuletzt Squeeze Out.

Gogh

'We're not talking to Harmony' - GF

Mon, 11 Sep 2006

Gold Fields chief executive Ian Cockerill says no discussions have taken

place with Harmony, a 29 percent shareholder in Western Areas, prior to

Monday morning's offer to minorities.

Cockerill says the entire transaction, which sees the company buying

Barrick's half of the mine and making an offer to Western Areas'

minorities, only came to a head this weekend, with some agreements

only being signed at 8am on Monday.

Gold Fields has offered 35 of its own shares for every 100 Western

Areas shares owned, which works out to 52.57 rand per share.

Cockerill says if all of Western Areas shareholders accept the offer,

about $1-billion worth of Gold Fields shares would be issued.

He added it was his understanding that Harmony was also a bidder for

Barrick's stake in the mine.

Rand runter auf 7,58 versus USD und Oil etwas billiger.

Einfach ignorieren............................

2010 kicken sie ueberall; nur nicht in RSA.

Wem das alles bekloppt vorkommt, hat Glueck.

Gloria

gogh

Vor der Tortenschlacht

Oder

Wir backen eine Weltklasse_GM

(Bitte alle beteiligten Bäcker, Gesellen und Lehrlinge checken)

gogh

South Deep worth more under GFI
2006-09-21
====================================
20:32:58http://www.news24.

fBernard Swanepoel, chief executive of Harmony Gold says the South Deep gold mine will be managed better under Gold Fields than its previous owners. Johannesburg - Bernard Swanepoel, chief executive of Harmony Gold (HAR) says the South Deep gold mine will be managed better under Gold Fields (GFI) than its previous owners and that he would therefore place a higher value on the asset because of it.
"...We bought into Western Areas to get exposure to South Deep, and we still have that, so any offer that makes us change our minds will have to be better than the view we had of paying R45 a share in cash," Swanepoel told I-Net Bridge.

"Nothing has changed except Gold Fields is now the operator and that arguably is better and therefore it should be worth a lot more than with Placer Dome as an operator."

On September 11, Gold Fields announced a tri-transaction deal on the South Deep gold mine, by purchasing Barrick Gold's 50% stake in the asset, signing an irrevocable with JCI to purchase its shares in Western Areas, the other half owner, and making an all paper offer to the rest of the shareholders.

'Offer doesn't look viable'

Swanepoel bought a 29% stake in Western Areas earlier in the year at an average price of R44 a share.

"The offer doesn't look like its going to be viable, but I am just one shareholder and there are thousands of shareholders and those thousands will make up there own minds," says Swanepoel, "When we paid R45 in cash we were not flooded by shareholders who said give me R45 a share."

Swanepoel says that a large majority of those that tender the offer would try and convert the shares into cash. Barrick will also be receiving $325m worth of Gold Fields shares from its deal, which could also be sold off according to Swanepoel.

"So even if the Gold Fields share price on that day looks like R52, by the time you try to convert it into cash you may only get R45," says Swanepoel.

Finance24/I-Net Bridge (Business)

Es ist nicht so ganz logisch. Habe soebenetwas
Harmony zur Maeusebewaesserungs_Margin gekauft

Gogh

Rand’s plunge boosts gold and platinum miners’ margins.
==============================================
Mineweb Reporter

'22-SEP-06 07:00'

JOHANNESBURG (Mineweb.com) --The SA Rand’s plunge to three year lows against the greenback has suddenly made mining in South Africa a lot more profitable with gold and platinum miners particularly now enjoying mouthwatering margins.

Spooked by a scary current account deficit amounting to more than 6% of gross domestic product and two recent legal victories by the country’s controversial former deputy president, foreign currency dealers have dumped the local currency, making it one of the worst performing currencies in the world this year. On Thursday alone, the Rand shed around 3% to R7.60 versus the dollar.

But, after having shed around 20% against the dollar since January, the sharply weaker Rand has done wonders for mining margins with gold miners now receiving around R156,000 a kilogram and platinum miners enjoying a spot price of around R270,000/kilogram.

Typically, gold miners costs in Rand are between R70,000 and R90,000 a kilogram, so current gold prices are giving them exceptional margins despite the gold price having retreated to below $US600/ounce in recent weeks.

With profit margins now so attractive, marginal miners such as Harmony Gold and DRDGold should start to benefit as their mines are highly geared to the Rand gold price. Harmony has reported several consecutive years of losses after comprehensive restructuring of its operations and DRDGold has also revamped its local mining interests.

When the Rand strengthened to around R5.70 against the dollar last year, some of Harmony and DRDGold’s most marginal shafts were making losses – now they should be reasonably profitable.

“The Rand’s plunge has definitely improved mining profitability in a big way, but it’s not all good news as there’s bound to be upward pressure on local input costs going forward,” said a mining industry analyst who asked not to be named.

“However, if the Rand’s weakness continues and the dollar price of gold edges up, even the most marginal miners should make tidy returns over the next year or so,” the analyst said.

Meanwhile, the Rand’s plunge over the past few days is likely to have an effect on Gold Fields’ attempt to gain full ownership of the rich South Deep gold mine. While it has reached agreement with Barrick Gold for its 50% of the mine, it may have to pay up if it wants to fully control the other 50% owned by Western Areas.

Bernard Swanepoel, Harmony’s CEO, was quoted Thursday as saying South Deep made a better fit within the Gold Fields stable than the Harmony stable, but hinted that Harmony would not easily part with its 29% stake in Western Areas. South Deep is situated immediately next to Gold Fields’ Kloof mine.

“The Rand’s recent sell-off makes South Deep’s potential appear that much more lucrative so it makes sense that Harmony will want to get as much as possible for its Western Areas’ stake which gives it access to almost 15% of South Deep’s reserves,” said the analyst.

up!

Man hat die Wahl:

Silberminen oder GM

[Blockierte Grafik: http://www.mopo.ca/uploaded_images/shaving-beaver-710312.jpg]


Hans im Glueck

Rand firmer after hitting 38-month low
==============================
Tue Sep 26, 2006 8:57 AM GMT

JOHANNESBURG (Reuters) - South Africa's rand opened firmer on

Tuesday after sliding to a new 38-month low versus the dollar in the

previous session, with traders predicting a stronger gold price would

help the local unit consolidate.

At 0650 GMT the rand was trading at 7.6570/dlr, barely budged from its

previous New York close, when it slithered to 7.72/dlr, its weakest level

since July 18, 2003 according to Reuters data.

The descent took place in very thin trade as domestic markets were shut

for a public holiday on Monday.

Negative sentiment towards emerging markets, lower gold prices,

political jitters and a large current account gap have all conspired to force

the rand lower in the past few weeks, fanning fears that rising inflation

would lead to further rate hikes.

Traders said the local unit was likely to consolidate, remaining range-

bound between 7.58 and 7.73 versus the greenback and taking its cue

from global forex trends along with the price of gold, which South Africa

leads the world in producing.

"There's good resistance at 7.72/dollar, but the crosses are very weak -- I

think its time to consolidate but the rand is taking no comfort from

anywhere," a local trader said.

..................gekürzt..................

Gestern nachmittag war bei Kitco mal kurz der Link

zu einer "Fitch" Ratingagentur?-Studie zu sehen.

Eine stunde später als ich kopieren wollte war sie weg.


Es war eine Einschätzung für Harmony.

Alles rabenschwarz:

Illiquide, nicht gewinnfähig, WAR-Anteile nix wert,

Neuguinea Invest-Bedarf aber nicht kreditwürdig.............


Passt mal auf, wie bei den Kaffern (einschliesslich HAR) jetzt

der Gum_Boot_Dance abgehen wird.

Dass der RSA_Regierungschef seine Haushälterinnen vergewaltigt,

kann man ja abstellen. Schickt Wowereit und Westerwelle runter.

Schauble würd sich auch schwarz anmalen lassen, wenn

er auf die Weise noch besser taeuschen kann.

gogh

Wenn man nicht gerade ein lebenslängliches Engagement sucht,

kann man mitmischen.

WAR Aktien wird man wohl demnächst in Goldfields tauschen können.

Aber auf jeden Fall Drooy meiden!

DRD_Gold_Aktien sind nur für Amerikaner und Bachalex geeignet.

gogh

28.09.06

Quelle

http://www.engineeringnews.co.za/eng/news/today/?show=94625

"Engineering News Online"eine RSA_Minenzeitung

Harmony says premature to decide on Western stake
--------------------------------------------------------------------------------

Harmony Gold Mining's chief executive said on Wednesday that it was

premature to decide whether the gold company would tender its 29%

stake in Western Areas to Gold Fields stock offer.

As part of a wider plan to gain control of the massive South Deep mine in

South Africa, Gold Fields is offering 35 shares for every 100 shares of Western Areas.

"It's premature. Although the offer has been made, there's a whole set of

hurdles that have to be crossed," Bernard Swanepoel told Reuters on

the sidelines of the Denver Gold Forum, an industry conference. "The

earliest we would apply our minds to this is in the new year."

Western Areas owns 50% of South Deep, which is touted as the biggest

gold reserve in the world with reserves of 29,3-million ounces and

resources of 67-million ounces.

Barrick Gold Corp owns the other half of South Deep and has agreed to

sell its stake to Gold Fields for $1,53-billion, the majority in cash.

Swanepoel said the decision would be simpler if Gold Fields had made a cash offer.

"If they had made us the same offer they made to Barrick, the see-

through price, and also in cash, then it was a simple decision," he

added. "Then you can sit and say, if I accept this I will get R53 a share,

but by linking it to Gold Fields share, we are exposed to the ups and

downs of a gold share." Gold Fields has already sewn up a deal to buy

27-million Western Areas shares from JCI, which would bump up its

stake in Western Areas to as much as 41%.

Based on Wednesday's trading prices, Gold Fields' offer is worth R49,30

a share. That is slightly higher than Western's trading price of R48,88.

"When they first announced it, Gold Fields share price came down

significantly," he said. "It may rally. You can't predict what a share price

will do 90 days in the future."

3. Untergeschoss

Flschenrückgabe und Gartenmöbel

Hat wohl jeder gemerkt, dass bei mir weiche Birne die Maus drueckt:


HAR nach einer Woche mit +10% verkauft,

Dafür sofort North American Palladium PAL.USA angeschafft.


Im Kaffern_Kral hab´ich trotzdem noch en Moped stehen.

Gogh