Beiträge von linar

  • Simmer and Jack Mines Ltd. WKN ZAE000006722 SIM

    Zitat

    Original von Ulfur
    ?(


    .....has become the victim of an ongoing dirty tricks campaign from what may be broadly defined as its black economic empowerment (BEE) partner. This BEE partner, most easily described as Vulisango, wants Simmers suspended from the JSE and certain, if not all, of its executive directors, who are all white, to walk the plank.


    .... vielleicht im doppelten Sinn gemeint :rolleyes:


    linar :)

  • Simmer and Jack Mines Ltd. WKN ZAE000006722 SIM

    Black males at Simmers
    By: Barry Sergeant
    Posted: '16-MAR-06 06:07' GMT © Mineweb 1997-2004


    JOHANNESBURG (Mineweb.com) -- Simmer & Jack, the junior gold and uranium stock, has become the victim of an ongoing dirty tricks campaign from what may be broadly defined as its black economic empowerment (BEE) partner. This BEE partner, most easily described as Vulisango, wants Simmers suspended from the JSE and certain, if not all, of its executive directors, who are all white, to walk the plank.


    In the past week or so, Vulisango has leaked selected documents to certain journalists, who have published without interrogating the basic facts. Simon Koch, apparently a director and CEO at Sovereignty, an advisor to Vulisango, has declined requests to supply such original documents to Mineweb. On Monday, Johannesburg public relations company Meropa published a non-selective release on behalf of Vulisango, signed by Valence Watson, an alternate director of Simmers. Watson has often described himself as a “farmer.” Ironically, Vulisango appears to be led by whites.


    Mineweb asked Max Gebhardt of Meropa, a not inexpensive communications outfit, to procure the documents previously released selectively by Vulisango. Gebhardt replied: “Will try and fulfil your request...I have enough documents to sink the Titanic at the moment.” The documents have yet to arrive.


    On February 3 Mineweb published articles under the heading “Simmers boils over,” detailing the internecine warfare that had broken out over the loot that had suddenly accumulated in Jaganda, which holds 44% of Simmers. At a Simmers share price of R2.25 a share (prevailing at the time), Jaganda was worth R606 million, net, free of debt, to its shareholders.


    A year prior, Jaganda was worth nearly 90% less, at R76 million, with Simmers at 50 cents a share. Jaganda has two main sets of shareholders: the Vulisango grouping, which hold 51%, and management, as originally constituted, holding 49%. The latter grouping comprises five individuals with 9,8% each of Jaganda: Gordon Miller, Roger Kebble, John Berry and Graham Wanblad along with Ronnie Watson, brother to Valance. Ronnie Watson is also a director of Sovereignty.


    The recent high value of Jaganda appears to have triggered the chaos around Simmers. While Vulisango wants Simmers to be suspended, the management grouping, led by Miller, recently applied to the High Court to have Jaganda liquidated. Jaganda is effectively locked up for another four years; liquidation offers the only escape clause.


    In his affidavit, Miller alleged “irretrievable breakdown” between the two sets of Jaganda shareholders. He berated Vulisango for “unreasonable behaviour and downright greediness.” Unlike management, which put R5 million into Jaganda, Vulisango is along for a free ride.


    It appears that money is very much at the core of the breakdown. Vulisango wants Simmers to withdraw its application for the new order mining rights for the Randfontein Number Four shaft. Vulisango wants to apply for the rights, and then “sell” the rights back to Simmers for 100 million new Simmers shares (currently worth R128 million at Wednesday’s close of R1.28 per Simmers share).


    Miller said the Simmers board declined this as a “preposterous request,” triggering an apparently fatal breakdown between the two sets of shareholders. Simmers has 852 million shares in issue at this stage.
    http://www.mineweb.net/sections/gold_silver/975249.htm ...


    linar :)

  • Silber ETF

    ...nachdem ich die fast sieben Seiten gelesen habe meine ich, es wäre vielleicht doch besser der ETF komme nicht :rolleyes:
    wäre um ein paar Kommentare dankbar ;)


    linar :)

  • Silber ETF

    ...hier mal ein Ausschnitt - MMs sind wohl immer die Gewinner :rolleyes:


    .......As promised, I’ll provide an example of just how things are supposed to work in the silver ETF. First, the market makers will try to purchase 1,000 ounce “good delivery” bars of silver, theoretically on London’s LBMA market, but more likely from a pre-designated stockpile of silver as discussed below. In any case, the market makers will deliver successfully acquired silver to the ETF in baskets of approximately 500,000 ounces. The ETF in turn will issue 50,000 shares per basket, which the market makers will then presumably sell to ETF investors in small lots. The same process works in reverse, namely the market makers purchase ETF shares from investors, redeem them to the ETF in baskets, and take delivery of silver from the ETF.


    We can use a bit of math to illustrate what makes the market makers tick. Let’s assume for a moment that the silver ETF share price is being bid by investors at $110.00 while the spot price of silver is $10,00 per ounce. In such a scenario, the market makers would be very happy to deliver relatively low priced physical silver to the ETF in exchange for baskets of ETF shares, which they would then proceed to sell to investors at the higher ETF share price. Since a silver basket is 500,000 ounces, the result would be an arbitrage profit of $500,000 to the market makers for each basket they create and sell to ETF investors! The calculation of the profit is the trading price of the basket ($110.00 times 50,000 shares = $5.5 million) less the cost of the basket (500,000 ounces times $10.00 per ounce = $5 million).. Conversely, if the ETF price is being bid significantly lower than the spot price of silver, the market makers will buy relatively cheap ETF shares from investors, redeem them in baskets to the ETF, and sell the silver on the spot market for a profit.


    In practice, market makers will always maintain some inventory of both physical silver and ETF shares in order to avoid having to make frequent small trades on the spot market and to limit how often they need to create or redeem ETF baskets.


    Houston, We Have a Problem


    So what happens in the likely event that market makers can’t buy enough silver to put together a basket fast enough to make arbitrage profits? The market makers will refuse to make a market in the ETF, that’s what.


    Such a scenario has a deadly implication for the silver ETF. Simply put, any ETF is fatally flawed if it does not have a large and liquid underlying market to allow market makers to consistently take advantage of arbitrage profits. This is the only reason the SEC needs to provide in order to deny the proposed silver ETF. This is also the reason why it is meaningless to point out that the gold ETF was approved. Gold has a large, liquid spot market supported by large stockpiles. Silver? Everybody knows that story.


    Concern about stockpiles was the main reason the SEC recently met with CPM Group. Basically, the meeting appears to have been a follow-up to CPM Group’s provocative but largely ignored (by silver bugs) SEC comments at the end of January 2006, which included such gems as: (1) a reiteration of CPM Group’s estimate of only 75 to 100 million ounces of silver held in European vaults along with an explanation of why the larger GFMS figure is completely bogus, (2) the speculation that Warren Buffett has likely sold some of his silver, and (3) the disclosure that the ETF’s proposed custodian, JPMorgan Chase, does not have enough space at its London vault to store the ETF’s proposed silver holdings.


    Silver’s small, illiquid market and no available stockpiles should make it easy to decipher the proverbial writing on the silver ETF’s wall. The only way it will be approved by the SEC is if available stockpiles amounting to at least 130 million ounces of silver can be demonstrated to exist. This will be a daunting task since even the COMEX warehouses hold in available form but a fraction of this amount of silver.


    full story: http://etfinvestor.com/article/7615


    linar :)

  • Thai Guru's Gold und Silber ... (Informationen und Vermutungen)

    Shanghai Gold Exchange to start silver trade


    March 11 2006


    HONG KONG, Fri: The Shanghai Gold Exchange is preparing to start silver trade, which will set the benchmark for Chinese prices, industry sources said today.
    The new product could increase China's investment demand for silver and reduce its exports, they said.


    China exports about two-thirds of its silver production.


    "We have been studying that since last year," an exchange official said, referring to the silver trade.


    He added that the exchange did not set a deadline to start the trade.


    The exchange, under the administration of the central bank, was drafting guidelines for the silver trade and modifying its computer systems, he said.


    Currently, the exchange trades spot gold with options for forward delivery.


    Industry officials expect the exchange to start the silver trade as early as June, since world silver prices have stayed at multi-year highs and investors were keen to trade.


    Although it would be called spot trade, delivery for the silver would be allowed to extend as long as 120 days, equal to a three-month contract, they said.


    Spot silver is already traded on Shanghai Platinum & Silver Exchange, run by a state owned company. But traders said many people did not use the marketplace due to its illiquidity. - Reuters


    linar :)


    CH-Quality ;)

  • Thai Guru's Gold und Silber ... (Informationen und Vermutungen)

    SA giants set to oppose Harare’s mine-grab bid
    Charlotte Mathewsand Dumisani Muleya

    MAJOR South African mining groups with operations in Zimbabwe are expected to raise strong opposition to the Zimbabwean government’s plans to take a majority stake in mining operations, almost half of which it would not pay for.


    The value of Zimbabwe’s mining sector is estimated to be at least US$20bn. The country has the second-largest resources of platinum in the world after SA.


    Analysts say the plan, reminiscent of Zimbabwe’s chaotic land seizures, would destroy mining, one of the last few remaining working sectors of the economy.


    They warned the move could inflict further irreparable damage to the mining sector, which was already reeling from the effects of the prevailing economic crisis.


    Independent consultant John Robertson said the new legislation amounted to “economic sabotage” against an already collapsing economy.


    He said it would keep new investors at bay and hurt those already in, while reducing prospects of economic recovery.


    According to media reports in Zimbabwe and local sources, Zimbabwean Minister of Mines Amos Midzi told the Zimbabwe Chamber of Mines last week that the cabinet had approved draft proposals to require mining companies to surrender 51% of their assets to the government and/or indigenous groups, depending on the commodity. The government would pay only for 26% and the remainder would be a “free carry”.


    Midzi said alternative foreign investors had been identified to take up the equities in current mines if external shareholders did not co-operate.


    Implats finance director David Brown said these were draft proposals, not final legislation. Implats and subsidiary Zimplats would meet various Zimbabwean government ministries this week with their responses.


    “We believe the proposal is not in the best interest of developing a platinum industry in Zimbabwe, and we believe the percentage figures and ownership methodology are not consistent with previous discussions,” he said. Asked whether the Zimbabwe government’s latest proposals would cause Zimplats to freeze a previously reported $2bn expansion programme, Brown said it would be premature to discuss such a move because Implats did not believe the outcome would necessarily follow the proposals.


    Aquarius Platinum CEO Stuart Murray said the group’s joint-venture, Mimosa platinum mine, was in the midst of a $14m expansion programme, and Aquarius had no intention of halting that expansion.


    Metallon Group head of corporate affairs Nonkqubela Maliza said Metallon did not believe the proposals would go through in their current form. If they did, it would be disastrous for Zimbabwe’s economy. However, Metallon Gold had already allocated 30% of its assets for indigenous partners, and was in negotiations with potential partners, Maliza said.


    Metallon Gold owns five mines in Zimbabwe and two exploration projects. It is the country’s biggest gold miner.


    Webber Wentzel Bowens senior associate Kevin Williams said the Zimbabwean government’s proposed requirement of a free-carry was fairly common in other countries, including Mali, Namibia, Botswana and the Democratic Republic of Congo.


    However, it was not in line with World Bank recommendations.


    http://www.businessday.co.za/a…ntpage.aspx?ID=BD4A165236


    linar :)

  • Cortez Trend - Nevada

    @Edel - tja was denn nu ?( wer schaut wo rein ?(



    linar :)

  • Juniors aus Kanada

    Zitat

    Original von Eldorado
    ;)morpheus1878


    Der Investment Club wird immer besser :D
    Welcome to Minco, die bringt bestimmt auch Fortuna.


    ...Du sagst es :) heute allein bis jetzt plus 18% bei hohem Volumen 8)
    ich hab keine news gesichtet :rolleyes:


    linar :)


    ...ich bin jetzt ruhig :rolleyes:

  • PGM-Minen (Platin, Palladium, Rhodium)

    "....this is going to be one of the world's largest platinum companies already owning proven and probable reserves of 6,9 million ounces. It is mainly traded in SA and London, and we don't understand why it has taken the company so long to get a listing in North America. There should next be a confirmatory upside breakout above sixty-eight cents. " (The Dines Letter)


    ...ich hab die vor Urzeiten in London für 35 gekauft :rolleyes: und harre jetzt der guten Dinge to come ;)


    http://www.afplats.com/cws/projects/afplats/index.jsp
    http://finance.yahoo.com/looku…RICAN+PLATINUM+&t=S&m=ALL


    linar :)

  • Thai Guru's Gold und Silber ... (Informationen und Vermutungen)

    The Resource Market's Transformation


    Dr Richard Appel
    March 6, 2006


    February 26, 2006 - The stocks within the junior exploration sector have recently become influenced by a new mind-set. Earlier in their Bull Market these companies were affected by two primary factors. The first was the price of gold.


    The yellow metal struck its Bear Market $252.50 low in August,1999. After displaying an initial burst of strength it again declined and posted a double bottom at $255 in early 2001. It has since doubled in price and, until now, the junior stocks have tended to mirror gold's price action. Each yellow metal up-wave saw a delayed overflow of excitement enter the juniors moving them higher in price, while each gold set-back made their stocks whither.
    weiter: http://www.321gold.com/editorials/appel/appel030606.html


    [Blockierte Grafik: http://www.spiegel.de/img/0,1020,590306,00.jpg] 4.3.2006 Juniors aus Germany ...Eldo weisst du noch was Schnee ist ?( :D


    linar :)