DRDGold Ltd. / DRD (NYSE, JNB) und die Derivate

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Nur zur Info, Drooy legt Ergebnisse (endlich) vor: http://www.drd.co.za/Investor_Info/Investor_Briefs/sep06.pdf

Bzw.: http://za.today.reuters.com/news/NewsArt...LD-20060921.XML

http://www.mineweb.net/gold_silver/202348.htm

30% mehr Output - here Ziele, mal schauen ob sie eingehalten werden Augenzwinkern
http://www.miningweekly.co.za/min/news/breaking/?show=94284

Meinungen?

Viele Grüße,
Jo

Marks mysteriöses "third-leg" - Vermutungen? http://www.moneyweb.co.za/mone…mny_power_hour/200229.htm

We’ve now built up an 80% shareholding in Emperor mines, trading at 32c. We think that’s very cheap and there’s a lot of upside on that. So the second leg is now in place and obviously what I’m doing here in London is beginning to plan the third leg.

MONEYWEB: What’s that, Mark?

MARK WELLESLEY-WOOD: I’ll let you know when I’ve finished.

MONEYWEB: You’ve got Australasia, you’ve got South Africa, when you say the third leg, would that be another geographical expansion?

MARK WELLESLEY-WOOD: I think that will be around Africa, yes.

"DRDGOLD's South African mines were also producing cash in the September quarter which helped liquidity, Wellesley-Wood said.

"We've got adequate margin. It's not stretched and actually in historical terms for DRDGOLD it looks like luxury. It's quite comfortable enough."

Ich bin schon auf den luxuriösen Quartalsbericht gespannt!

GOLD producer DRDGOLD almost doubled the pay of CEO Mark Wellesley-Wood after he oversaw a fourth consecutive annual loss,
reported Bloomberg News citing information from DRDGOLD's annual report.

Wellesley-Wood was paid R10m in salary, contract payments and a performance bonus in the year to June up from R5.15m a year earlier, reported Bloomberg News.

DRDGOLD's stock gained 15% over the past year, the worst performance among the four biggest gold producers traded in Johannesburg, Bloomberg News reported.
http://www.miningmx.com/wts/360062.htm

Gratulation MWW, Droopy hat´s wieder mal geschafft!

[Blockierte Grafik: http://www.miningweekly.co.za/dynamicimage/12628.png]

UPDATE 1-
DRDGOLD's headline loss widens in Q1, costs up
Thu Nov 2, 2006 1:35 AM ET

(Adds details, share price)

JOHANNESBURG, Nov 2 (Reuters) - South Africa's DRDGOLD <DRDJ.J> posted a deeper headline loss per share in its fiscal first quarter on Thursday as costs surged.

DRDGOLD, South Africa's fourth largest gold producer, said its headline loss per share from continuing operations was 20.6 South African cents, which compared with a loss of 7.8 cents in the previous quarter.

DRDGOLD said gold production for the three months to end September rose 14 percent to 150,197 ounces while a weak rand also helped revenue grow by 22 percent to 642.1 million rand ($86.80 million).

But these improvements were wiped out by a 44 percent surge in cash operating costs. On a unit basis, cash operating costs jumped 26 percent to 121,185 rand per kg and in dollar terms, rose 14 percent to $526 per ounce.

DRDGOLD -- which has operations in South Africa, Papua New Guinea and Fiji -- said output in South Africa rose 1 percent to 91,339 ounces while production overseas soared 41 percent to 58,858 ounces.

The firm spun off the Australasian assets into a separate vehicle, Emperor Mines Ltd (EMP.AX: Quote, Profile, Research), listed on the Australian stock exchange, of which DRDGOLD owns 79 percent.

DRD shares, which have risen 5 percent this year, closed up 0.5 percent at 9.75 rand on Friday in Johannesburg and finished 3.88 percent higher at $1.34 in New York (DROOY.O: Quote, Profile, Research).
http://today.reuters.com/news/…RALS-DRDGOLD-UPDATE-1.XML

Ulfur, wie hoch wären eigentlich die cash costs mit Emperor. Die Südsee-Höllengrotten werden ja jetzt nicht mehr dazugezählt. nochmal erheblich höher. Naja, selbst Newmont hat $320 cash costs.

Gruß
S.

Cash Cost

Porgera 401$
Tokuluma 835$
Vatukuola 642$

Südseedurchschnitt 562$

SA-Durchschnitt 503$

DRD 526$

Aber auch Blyvoors Untertage-Cashkosten von 627 $ können sich sehen lassen.

[Blockierte Grafik: http://www.iexplore.com/images…uth_pacific/fiji/fiji.jpg]

Südseeträume im Spiegel eines Analysten

“They are not saying very much. My view is that things are probably worse than one thinks rather than better,” the analyst said.
aus:
DRDGOLD delivers quarterly shocker
http://www.miningmx.com/gold_silver/367681.htm

DRDGold listet die Südsee Minen also immer noch in den eigenen Bilanzen mit. Hatte schon gedacht die wären als irgendwelche Investments aus den Produktionsstatistiken ausgenommen worden.

Klappt es also wieder nicht. Cash costs immer noch unter dem Goldpreis.

Gruß
S.

removed

Die Frage ist eben wie immer nach den Hintergründen und den Auswirkungen.

Ein neuer wird es sicher erstmal schwierig haben, den DRD-Laden zu durchschauen.
Des weiteren steht ja auch bald ein Rückzahlungstermin an:
12. November - Rückzahlung Bond?

http://today.reuters.com/news/…GENT.XML&rpc=66&type=qcna

YYYEEEEEE-HAWWWWWWWWW !!!!!!!!!!!!!!

[Blockierte Grafik: http://pro.imagehost.biz/ims/pictes/341897.gif]

gogh,

sag das nicht, hab grad noch schnell meinen Verkaufsauftrag storniert.

CLIVE ROFFEY: That wouldn’t surprise me, because the data is indicating a catapult - in other words a very strong movement - and that’s also being reflected in a lot of the shares, particularly Durban Deep which is now starting to break out of something like a 12-year trend. If that breaks that indicates we are going to see a very powerful move.
http://www.resourceinvestor.com/pebble.asp?relid=25362

DRDGOLD jettisons Wellesley-Wood
Drdgold wirft MWW über Bord
Allan Seccombe
Posted: Thu, 02 Nov 2006

[miningmx.com] -- CONTROVERSIAL DRDGOLD CEO Mark Wellesley-Wood said his board has asked him to step down from his position once his contract expires at the end of the year.

“It was my board’s thinking more than my thinking,” [Blockierte Grafik: http://www.smiliemania.de/smilie132/00000285.gif] Wellesley-Wood told Miningmx in an interview.

“The board decided it was the right time for the group to look at a successor,”[Blockierte Grafik: http://www.smiliemania.de/smilie132/00000285.gif] he said. “There was no dissatisfaction expressed by the board at all.”

“My contract is up at the end of the year and the board have asked me to stay on long enough for a successor to be appointed,” he said.

DRDGOLD's JSE-traded shares were down 1.5% at R9.60 by late afternoon South African time.

South Africa’s fourth-largest gold producer had a credibility problem when the Kebble family was involved on the board and Wellesley-Wood, aged 55, has failed to change that much with the company’s emphasis on continued issuing of shares to raise cash.

“I don’t know if there is the potential to fix the credibility of DRDGOLD. If the board effectively asked him to go they clearly want to make some changes,” an analyst said.

“The issuing of shares is certainly a problem I have with the company. It is just not sustainable. That’s why I don’t like it. It would be better if they showed more effort in actually fixing the company,” the analyst said.

Wellesley-Wood, who joined the DRDGOLD board in 2000, is a qualified mining engineer and was a merchant banker before joining the company.

The turning point probably came when DRDGOLD failed in October to roll over a $66m convertible bond. It now has to raise debt of $35m and tap the company’s coffers for the balance to repay the note to the tune of $69.63m this month.

“This was probably the last straw. The proceeds from that bond were supposed to have been spent on a whole lot of projects, but it wasn’t. It was basically spent in running the company,” a second analyst said.

"Once they repay that $66m, they are going to have serious negative cash again. They're on a helluva tight wicket,"[höllisch schmalen Weg ] he said.

Wellesley-Wood has courted shareholder wrath with not only the high levels of shares issued, but the fact that the company's gold production profile has dropped by more than half since 2000, and its reserves and resources are down by nearly half in that period. He is also one of the highest earners in the local gold mining industry.  [Blockierte Grafik: http://www.smiliemania.de/smilie132/00000023.gif]

Wellesley-Wood's remuneration package doubled in the 2006 financial year to R10m from the previous year. By comparison, Bobby Godsell, head of AngloGold Ashanti took home R9.4m in wages and bonuses excluding share options in 2005. [Blockierte Grafik: http://www.smiliemania.de/smilie132/00000023.gif]

"He's been sucking the company dry for years, getting a huge package, bonus schemes and all kinds of things. He's a very convincing guy," the second analyst said.

"They've been financing the company out of share issues, paying for operational costs out of that. How on earth could they do that?" he said.

Wellesley-Wood conceded the point on the share issue. DRDGOLD's shares in issue has ballooned by 164% since 2000 to 324 million.
"You're right. DRD has issued, sometimes, far too many shares in the past," he said.

The role of the CEO of DRDGOLD had changed, with the group developing two independently managed business units in South Africa and Australia.

“It’s not the role it used to be and probably requires somebody with different vision to take the group forward to the next stage,” Wellesley-Wood said. “It’s time to look for new blood.”
http://www.miningmx.com/gold_silver/370595.htm

das war der Grund warum ich niemals...nicht mal umsonsz ..eine DROOPY angefasst hätte.

Das Capitl raising 2000 war Betrug.

Geld machen kann man damit....was GO wohl meint.

Die alte Ratte schleckt statt an Plutonias Lustgrotte die Hinterseiten altdeutscher Briefmarken ab.....ist das erregend?????

cu DL :D...POG ...ah was