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

  • 8o 8o 8o


    Na dann viel Glück ageka! ?(


    Das ist aber auch teurer als Lotto! :rolleyes:


    Da kauf ich mir aber lieber was anderes Feines.


    Na, vielleicht hast Du ja Glück, (ich bin da skeptisch, ehrlich gesagt).


    Wieso sollten die es jetzt auf einmal hinbekommen.


    potentielle ten bagger gibt es mehr.
    Vielleicht kommt ja eine gute Fee & verwünscht DROOY mitten hinein in die Profitabilität.
    Die braucht dann aber mehr als nur ein ein Staatsexamen! ;)


    Gruss,
    gutso

  • Other gold mining companies operating on the African continent include Harmony Gold (HMY: harmony gold mng ltd sponsored adr) , AngloGold Ashanti (AU: anglogold ashanti ltd sponsored adr) , DRDGOLD (DROO.Y:
    drdgold ltd sponsored adr) and Gold Fields Ltd. (GFI: gold fields ltd new sponsored adr) .

  • Link:
    http://www.businessday.co.za/P…iendly.aspx?ID=BD4A465121



    Posted to the web on: 17 May 2007


    DRDGold’s Emperor erases its hedge book


    Charlotte Mathews
    -------------------------------------------------------------------------
    Resources Editor


    AUSTRALIAN-listed Emperor Mines, whose major shareholder is DRDGold, had eliminated its gold hedge book at a cost of $34,2m (R236m) in line with its intention of eliminating all its debt and hedging liabilities, it said yesterday.


    Many large gold producers that sold future gold production in the late 1990s at the prevailing prices of $300-$350/oz have been eliminating these commitments in the past two years to be able to take advantage of a gold price now almost twice as high and still rising. Yesterday gold was trading at $670,65/oz.


    Earlier this year, Gold Fields bought out the hedge book it acquired when it took on Western Areas, while Barrick Gold has sold down the hedge it acquired with Placer Dome.


    Emperor said in a statement to the Australian exchange that ANZ Bank had agreed to defer payment of the amount owed on the hedge book until the end of December when Emperor would receive funds from the sale of its 20% stake in Porgera to Barrick for $250m. The deferred payment would attract interest at Libor plus 3,7%. Emperor Mines CE Brad Gordon said closing the hedge book and retiring ANZ Bank’s financing facilities would enable the group to consider future opportunities from a stronger financial base.


    Earlier this year, Emperor closed its loss-making Vatukoula mine in Fiji and sold it to Westech and this, together with the sale of its stake in Porgera, leaves the company with only one operating mine, Tolukuma in Papua New Guinea, and some exploration properties.


    It had been speculated that Emperor’s precarious financial position would require assistance from DRDGold, possibly through a share issue, but the sale of assets has alleviated those fears.


    DRDGold CE John Sayers said at the group’s latest quarterly results presentation that DRDGold might need funding for other projects in Australasia but it depended how it approached the issue with Emperor Mines.


    DRDGold’s shares, which slid from R11,70 at the beginning of last year on news of Emperor’s difficulties to a low of R4,15 last month, have since recovered to almost R6,50.

  • John Sayers, CEO, DRDGOLD


    DRDGOLD to consolidate stock


    David McKay


    Posted: Thu, 31 May 2007


    [miningmx.com] --



    DRDGOLD, South Africa's fourth largest gold producer, said it would consolidate its share in order to continue trading on Nasdaq.



    "We could extend the deadline given to us by Nasdaq but a share consolidation eliminates the problem," said John Sayers in an interview with Miningmx.


    In January, Nasdaq gave DRDGOLD about 180 days to get its share trading above $1/share, the minimum level required by the US exchange. Although the deadline could always be extended, DRDGOLD said at the time clarity on its future strategy would bring investors back into the share price.


    However, the sale of key assets in its 79%-held Emperor Mines Ltd, listed in Australia, did not improve the share price which is still around 81 US cents/share at the time of writing. DRDGOLD was trading at $1.15/share in December.


    "We're the seventh most heavily traded share on Nasdaq so demand is there. But we'll go this route," Sayers said. No shareholder support is required for the share consolidation in which shareholders' shares are replaced with a smaller amount of shares but with a higher par value.


    There is no detail yet on the size of the consolidation but one unintended consequence might be to lower demand for DRDGOLD in the US as the price of the stock becomes less affordable to the retail sector.



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

  • JOHANNESBURG (MarketWatch) -- DRDGold Ltd. (DROOY: drdgold ltd sponsored adr) and Mintails Ltd. (MLI.AU) Thursday said they have formed a joint venture to process gold found in surface tailings on South Africa's East Rand gold fields.
    South Africa's DRDGold said the venture has acquired from AngloGold Ashanti Ltd. (AU: anglogold ashanti ltd sponsored adr) , Africa's largest producer of gold, significant gold-bearing tailings materials created from historic gold production. The venture also has bought the remaining infrastructure surrounding the East Rand gold operation, including a surface reclamation operation on the gold fields that was discontinued by AngloGold in 2004.
    DRDGold said the joint venture will be equally owned by the South African units of it and Australia's Mintails, and managed by its Crown Gold Recoveries subsidiary.
    Company Web site: http://www.drdgold.com

  • (This updates an article published at 0706 GMT with additional details and background.)
    JOHANNESBURG (MarketWatch) -- DRDGold Ltd. (DROOY: drdgold ltd) and Mintails Ltd. (MLI.AU) Thursday unveiled a joint venture to extract gold from newly acquired mine waste on the East Rand of South Africa's Witwatersrand Basin.
    The new deal follows an agreement signed in late April to form a separate joint venture between the South African units of the two companies to explore and potentially mine gold and uranium on the West Rand.
    South Africa's DRDGold, the country's fourth-largest producer of gold, in a statement said it and Mintails would consolidate certain of their assets on the East Rand in an equally-owned venture.
    The venture would be managed by DRD's Crown Gold Recoveries subsidiary, which has treated more than 200 million metric tons of sand and slime and produced roughly 2.8 million troy ounces of gold through its plants.
    As well, the venture has acquired from AngloGold Ashanti Ltd. (AU: anglogold ashanti ltd sponsored adr) , Africa's largest producer of gold, significant gold-bearing tailings materials created from historic gold production as well as infrastructure and a surface reclamation operation on the East Rand gold fields that was discontinued by AngloGold in 2004.
    The AngloGold surface operation, ERGO, has processed more than 890 million tons of tailings material on the East Rand and produced some 8.2 million ounces of gold through two plants, Brakpan and East Daggafontein. The two plants were purchased by Mintails in 2006.
    DRD said it the first gold production could begin within 24 months, depending on the outcome of a feasibility study.
    At 0802 GMT, DRD shares were up ZAR0.05, or 0.8%, at ZAR6.15, in line with a rise in Johannesburg's gold mining subindex.
    DRD and Mintail's separate venture on the West Rand, agreed in April, is eventually expected to list on the Australian Stock Exchange following an initial public offering. That venture aims to restart mining in the West Rand gold fields, consolidating idled projects owned by the two companies and Mineral & Mining Reclamation Services.
    Gold mining first commenced in the Witwatersrand Basin in 1886 and has since produced more than 1.7 billion ounces of gold, representing over 40% of the world's gold production. Massive multimillion ton tailings deposits, which line the outskirts of Johannesburg, are the remnants of over a century of deep underground and open cast mining.
    Mintails on its Web site said it currently has the rights to exploit in excess of 330 million tons of sand, slime and rock tailings material, a vast proportion of which is situated on the West Rand about 70 kilometers west of Johannesburg.
    Company Web sites: http://www.drdgold.com http://mintails.com

  • JOHANNESBURG, Jun 20, 2007 (Dow Jones Commodities News via Comtex) -- Edited Press Release
    DRDGold Ltd.'s (DROOY) majority-owned Australian subsidiary, Emperor Mines Ltd. (EMP.AU), plans to return A$0.05 per share to its shareholders, the South African miner said Wednesday.
    Emperor, 78.7% held by DRDGold, agreed earlier this year to sell its indirect 20% interest in the Porgera joint venture in Papua New Guinea to Barrick Gold Corp. (ABX) and grant an option to Barrick to subscribe for roughly 153 million Emperor shares.
    Emperor now plans a capital return to its shareholders out of the surplus cash to be realized from the disposal.
    The capital distribution is subject to Emperor shareholders' approval at a general meeting its shareholders to be held in Australia on July 30, and the successful completion of the disposal.
    DRDGold said its shareholders are advised that negotiations are still in progress relating to further restructure its non-South African interests. Accordingly, it said shareholders are advised to continue exercising caution when dealing in its ordinary shares until a full announcement is made.

  • JOHANNESBURG, Jun 20, 2007 (Dow Jones Commodities News via Comtex) -- Edited Press Release
    Australia's Emperor Mines Ltd. (EMP.AU) plans to return about A$52 million to its shareholders and invest a further A$63 million to fund its existing operations and pursue growth opportunities and acquisitions, its majority shareholder said Wednesday.
    South African miner DRDGold Ltd. (DROOY) in a statement to the Johannesburg securities exchange said Emperor proposes to undertake a capital return to shareholders of 5 Australian cents for every share held, conditional on the approval of Emperor shareholders.
    Emperor announced on April 12 it had entered into a conditional agreement with Barrick Gold Corp. (ABX) to sell its interest in the Porgera joint venture in Papua New Guinea for a cash consideration of $250 million plus an adjustment amount.
    The proposed transaction will allow Emperor to retire all major debt facilities, better placing the company to exploit future growth and acquisition opportunities.
    DRDGold's shareholders will be asked to consider resolutions to support the proposed transaction at a meeting to be held in Johannesburg on July 27.
    The third joint venture partner in the Porgera joint venture, Mineral Resources Enga Ltd., has waived its preemptive rights to purchase a portion of the PJV Interest.
    Emperor said it will hold a general meeting of shareholders in the coming weeks.

  • JOHANNESBURG, Jul 18, 2007 (Dow Jones Commodities News via Comtex) -- Edited Press Release
    South African gold miner DRDGold Ltd. (DROOY) said majority-owned Emperor Mines Ltd.'s (EMP.AU) Tolukuma gold mine in Papua New Guinea was likely to be negatively impacted by a transformer failure in part of the hydropower generation plant at the mine.
    According to Australia-listed Emperor, management said that the mine was currently operating on 50% power after a fault was detected in the generation plant, and would remain so for approximately one week largely due to the time required for replacement parts to be sent from Western Australia.
    Mine management said that milling and other energy intensive activities at the mine had been temporarily halted while repairs were made, however other mining activities are continuing.

  • DRDGOLD LIMITED NEW AMERIC - Nasdaq National Market: DROOD
    Last Change (%) - Bid (size) Ask (size)
    7.95 0 (0.00) 0 - 6.84 (49) - 8.79 (150)


    Changed Ticker Symbol'DROOY' is no longer valid. It has changed to DROOD.
    ..."reverse stock split" ?( habe nirgends was gelesen


    linar :)

  • http://www.sharenet.co.za/v3/s…te=20070720082636&seq=465





    Release Date: 20/07/2007 08:26:36 Code(s): DRD
    DRD - DRDGOLD - Notice to holders of ADSS, evidenced by ADRS, regarding a
    change in the ADS ratio and a consolidation of the ADRS.
    DRDGOLD LIMITED
    (Incorporated in the Republic of South Africa)
    (Registration number 1895/000926/06)
    JSE trading symbol: DRD
    ISIN Code: ZAE 000058723
    Nasdaq trading symbol: DROOY
    ("DRDGOLD" or "the company")
    Notice to holders of American Depositary Shares ("ADSs"), evidenced by
    American Depositary Receipts ("ADRs"), regarding a change in the ADS ratio and
    a consolidation of the ADRs.
    Shareholders are referred to the announcement released on SENS on 30 January
    2007 in terms of which the company advised that it had received a Nasdaq Staff
    Deficiency letter dated 22 January 2007 indicating that the company failed to
    comply with the US$1.00 per share Minimum Bid Price Requirement ("the MBPR")
    on the Nasdaq Capital Market ("Nasdaq") for continued listing set forth in
    Marketplace Rule 4320(e)(2)(E)(ii) ("the Rule") In accordance with the Rule,
    the company was provided with 180 calendar days, or until 23 July 2007, to
    regain compliance.
    As the company`s ADSs have been consistently trading on Nasdaq at a price
    below the MBPR, DRDGOLD will be changing its current ADS ratio from one (1)
    ADS for one (1) ordinary share to one (1) ADS for ten (10) ordinary shares.
    The company has therefore decided to effect a 1:10 reverse stock split (i.e. a
    10:1 consolidation) of its ADRs. With effect from the commencement of
    business on 23 July 2007, DRDGOLD ADS holders are required on a mandatory
    basis to surrender their ADRs for cancellation in order to exchange their
    "Old" ADSs (CUSIP #: 26152H 10 3) for the "New" ADSs (CUSIP #: 26152H 30 1).
    ADR holders will receive one (1) "New" ADS for every ten (10) "Old" ADSs
    surrendered for cancellation. Only whole ADSs will be distributed.
    The following trading particulars will apply:
    OLD NEW
    CUSIP#: 26152H 10 3 26152H 30 1
    Ticker Symbol: DROOY DROOD (for 20 trading days)*
    Ratio: 1 ADS: 1 ordinary share 1 ADS: 10 ordinary shares
    *after 20 trading days, the ticker symbol reverts back to the original ticker,
    DROOY*
    Holders of ADSs in the Global Buy Direct Plan need not complete the Letter of
    Transmittal, as these ADSs will automatically be redeemed and forwarded to the
    holders.
    Holders of ADSs that require additional clarification should contact the Bank
    of New York`s Investor Relations Department at 1-888-BNY-ADRS.
    DRDGOLD shareholders holding ordinary shares and trading on the JSE Limited
    are not affected in any way by this change to the company`s ADSs and ADRs.
    Randburg
    20 July 2007
    Sponsor
    BDO QuestCo (Pty) Limited
    Date: 20/07/2007 08:26:36 Supplied by http://www.sharenet.co.za
    Produced by the JSE SENS Department .

  • I always described myself as the reluctant CEO, as I originally came down to South Africa as a consultant on a six month ticket. I had started as a non-executive chairman and I think the only reason I was in the CEO job was that nobody else wanted it. The same was true at the end.


    DRD started from behind, with a hedge book and other liabilities that meant it had negative equity and value. Despite this, the Cinderella story worked, at least initially, but I must say we had more lucky escapes than Houdini.
    ...
    However, we could only afford to buy things that nobody else wanted – we managed to steal 20% of Porgera from under Placer’s noses for $72m...


    Das schreckliche Ende eines CEO´s : Er muß Tee kochen!
    And, to make matters worse, by flattening your structures, the support team is reduced. You wind up making the tea as well.


    Und Droopy wird wohl geschluckt werden: However, the reserve optionality game is over, and, in the next phase of consolidation in South Africa, I expect it will be swallowed up.


    Jetzt muß MWW sich zu Tode langweilen: I miss the thrills and spills and the world has definitely become a more boring place.


    DRDGOLD to be "swallowed": Wellesley-Wood
    http://www.miningmx.com/met_heads/662870.htm

    • Offizieller Beitrag

    Das ist derjenige, welcher den Artikel 'Roodeport Rocket' verbrochen hatte.


    Habe es so gemacht, wie schon oft, nach Jahren der Zermürbung geschmissen, darauf steigt das Teil wieder im Wert.


    Betr. der extrem tiefen Minen wie in RSA habe ich einfach meine Zweifel heute, ob die bei stark gestiegenen Energiekosten und erheblich gestiegenen Löhnen je wieder längerfristig profitabel werden arbeiten können.


    Zu den Glanzzeiten von DROOY waren Energie halb gratis und die Arbeitskosten extrem ausbeuterisch. Wer damals mit DROOY Geld verdient hat, hat unsichtbares Blut von Schwarzafrikanern am Kittel.


    Gruss,
    Lucky

  • ok, die energiepreise sind ein problem. aber die lohnkosten sinken zur zeit wegen des fallenden rand, bezogen auf die verkaufspreise des goldes. überhaupt könnte der starke dollar und damit der schwache rand zur triebfeder der südafrikanischen minen werden, voraussgesetzt der goldpreis bleibt stabil.


    ob ich blut an meinen händen hätte, wenn ich in eine mine investiere, wäre mir egal. dann dürfte ich auch nicht in stahlwerte wegen waffenbau, oder in pharmaaktien wegen tierversuche investieren. die wirtschaft ist ein kreislauf der funktionieren muss und nicht aus humanitätsgründen unterbrochen werden sollte.

  • DRD Gold Ltd. (SA, Kurs 0,30 Euro, MKP 216 Mio. A$) meldet für das Septemberquartal (Septemberquartal 2006) eine Goldproduktion von 70.861 oz, was einer Jahresrate von etwa 280.000 oz entspricht.


    Bei Nettoproduktionskosten von 755 $/oz (526 $/oz) und einem Verkaufspreis von 864 $/oz (625 $/oz) konnte die Bruttogewinnspanne von 99 auf 109 $/oz verbessert werden. Nach Abschreibungen, Explorations- und Verwaltungsausgaben verblieb ein marginaler Gewinn von 0,8 Mio. A$.


    Nach Steuerzahlungen mußte ein kleiner Verlust von 1,4 Mio. A$ hingenommen werden. Durch die schwächere Entwicklung des südafrikanischen Rands dürfte DRD Gold derzeit mit kleinen Gewinnen arbeiten.


    Auf der Basis einer jährlichen Produktion von 280.000 oz erreicht die Lebensdauer der Reserven 28,3 Jahre und die Lebensdauer der Ressourcen 195,2 Jahre, so daß erhebliches Wachstumspotential besteht. Bei einem deutlich höheren Goldpreis ist durchaus denkbar, daß DRD Gold die Produktion auf jährlich über 500.000 oz steigern kann. DRD Gold verfügt über keine Vorwärtsverkäufe und kann von jedem Goldpreisanstieg in vollem Umfang profitieren.


    Am 30.09.08 (30.06.06) stand einem Cashbestand von 124,7 Mio A$ (93,2 Mio A$) eine gesamte Kreditbelastung von 135,9 Mio A$ (395,8 Mio A$) gegenüber.



    Beurteilung:


    DRD Gold kann die Bilanz nach dem Ausstieg aus der australischen Emperor erheblich verbessern und präsentiert sich mit der auf jährlich 280.000 oz geschrumpften Produktion und der abgebauten Kreditbelastung als relativ stabiles Investment. Negativ ist die schwache Gewinnentwicklung. Positiv sind die umfangreichen Reserven und Ressourcen sowie die fehlenden Vorwärtsverkäufe. Die oz Ressource im Boden wird aktuell mit etwa 3 $/oz bewertet. Wir reduzieren unser maximales Kauflimit von 1,00 auf 0,50 Euro und stellen DRD Gold mit einem unveränderten Kursziel von 2,00 Euro zum Kauf.



    Empfehlung:


    Halten, unter 0,50 Euro kaufen, aktueller Kurs 0,30 Euro, Kursziel 2,00 Euro. DRD Gold wird als Originalaktie unter der WKN: A0DNR0 an verschiedenen deutschen Börsen gehandelt (vgl. Halteempfehlung vom 02.11.06 bei 1,08 Euro).



    © Martin Siegel
    www.goldhotline.de

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