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
Beiträge von gogh
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3. Untergeschoss
Flschenrückgabe und Gartenmöbel -
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.
gogh28.09.06
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 waspremature 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."
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Die Pressemitteilung zu obigem Foto
GoghGBS Gold International Inc.: First Gold Pour
=================================
Tuesday September 26, 12:04 pm ETVANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Sep 26, 2006 --
GBS Gold International Inc. (TSX:GBS.TO - News) ("GBS Gold" or
the "Company") is delighted to announce that it has completed its first
gold pour yesterday at its Union Reefs Operations Centre in the Northern Territory of Australia.
The Union Reefs processing plant is now fully commissioned with allcircuits operating as planned. Metallurgical balances within the plant
appear to be accurate and the initial gold pour quantity is in line with
expectations allowing for the build-up of gold-in-circuit inventories.
GBS Gold is moving ahead with the next phase of production activities
with the commencement of mining works at the Rising Tide open pit and
the high-grade Brocks Creek underground mine.
About GBS Gold International Inc.
GBS Gold is an emerging gold producer with 1.9Moz of Measured and Indicated Resources and 1.6Moz of Inferred Resources of gold at its Union Reefs Operations Centre located in historically productive goldfields in the Northern Territory of Australia. GBS Gold will produce gold through its modern dual-mill 2.5Mtpa Union Reefs processing plant in 2006 and plans to ramp up production from free milling ores to a targeted rate of 150,000 ounces per annum during 2007. The Company expects to construct a flotation plant and bio-oxidation heap leach facility using the GEOCOAT® process at Union Reefs to treat refractory ores and produce gold at a targeted rate of 250,000 ounces per annum from both ore types at a targeted cash cost of approximately US$300 per ounce in 2008. Management has extensive experience in bringing mineral projects into production, operating open pit and underground gold mines and has assembled a team with valuable mining experience in the Northern Territory of Australia. The Union Reefs plant is adjacent to the main Stuart Highway and to the trans-continental Adelaide-Darwin railway line, and is on the Northern Territory power grid. Within 125km trucking distance of the Union Reefs plant, GBS Gold has consolidated over 2,500km2 of prospective tenements and gold deposits and also holds gold exploration properties in Western Australia and Canada. GBS Gold has no hedging commitments, no existing bank debt and sufficient cash to meet its short term production objectives. GBS Gold trades on the Toronto Stock Exchange under the symbol "GBS".
Gilbert Playford, Chairman and CEO
This news release has been approved by GBS Gold's in house geologist, Peter Harris, a qualified person under NI43-101. The Company's mineral resources comprise measured resources of 84,800 tonnes at 20.6g/t for 56,100 ounces of contained gold, indicated resources of 17.1 million tonnes at 3.3g/t for 1.8 million ounces of contained gold and inferred resources of 21.1 million tonnes at 2.4g/t for 1.6 million ounces of contained gold. The resource estimates are reported at a range of cut-off grades as set out in the technical report entitled "Independent Technical Review of the Burnside, Union Reefs, Pine Creek and Maud Creek Gold Projects, Northern Territory, Australia", dated effective October, 2005 and filed on January 5, 2006, an addendum technical report entitled "Addendum to the Technical Review of the Burnside Gold Project, Union Reefs Gold Project, Pine Creek Gold Project and Maud Creek Gold Project, Northern Territory, Australia - Resource Update, Maud Creek Gold Project" dated February 2006 and filed on February 8, 2006, and news releases filed on January 20, 2006, July 10, 2006 and September 14, 2006,
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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 -
Bei Avocet ist über einen langen Zeitraum -mehrere Jahre-
"immer alles nochmal gutgegangen".
Die Schwächen, die jetzt virulent werden,
gab es seit Beginn der Börsennotierung.
Man kann velleicht folgende Lehre ziehen:
Alles was bei GM nicht in den nächsten 6 Monaten zwangsläufig
zum Exitus führt, kann man über Jahre ignorieren.
Stellt sich die nächste Frage: Fängt sich Avocet wieder?
Avocet-Aktionäre sind nicht so strohdumm wie die von Drooy.
Avocet hat fertig.
GrussGogh
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Man hat die Wahl:
Silberminen oder GM[Blockierte Grafik: http://www.mopo.ca/uploaded_images/shaving-beaver-710312.jpg]
Hans im GlueckRand firmer after hitting 38-month low
==============================
Tue Sep 26, 2006 8:57 AM GMTJOHANNESBURG (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 shutfor 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 -- Ithink its time to consolidate but the rand is taking no comfort from
anywhere," a local trader said.
..................gekürzt..................
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.............ist wohl nur das Teufels_Schwaenzchen.
gogh -
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Es ist nicht so ganz logisch. Habe soebenetwas
Harmony zur Maeusebewaesserungs_Margin gekauftGogh
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.
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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)
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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 -
Aufwärts:
4. Etage: Bettwaesche und Heimwerker
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Press Release Source:
GBS Gold International Inc.
GBS Gold International Inc.:
License Agreement for Treatment of Refractory Gold Ores
==============================================Thursday September 21, 2:06 pm ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Sep 21, 2006 -- GBS Gold International Inc. (TSX:GBS.TO - News) ("GBS Gold" or the "Company") is pleased to announce that it has entered into a License Agreement with GeoBiotics, LLC ("GeoBiotics"), a private American firm, for the use of the GEOCOAT® refractory ore treatment process at the Company's Union Reefs Operations Centre in the Northern Territory of Australia.
The GEOCOAT® process is a standard bio-oxidation process for the treatment of refractory gold ores and concentrates in a heap leach environment, with subsequent recovery of gold through a normal carbon-in-leach (CIL) circuit. GBS Gold believes the GEOCOAT® process will enable the treatment of refractory gold-bearing ores from its Maud Creek gold deposit for substantially lower capital and operating costs than in a conventional tank-hosted bio-oxidation facility. The Maud Creek deposit currently comprises an indicated resource of 9.3 million tonnes at 3.1 grams per tonne for 935,000 ounces of contained gold, plus an inferred resource of 1.1 million tonnes at 2.4 grams per tonne for 82,000 ounces of contained gold.GBS Gold has completed extensive metallurgical testwork of the GEOCOAT® process on its Maud Creek ores, and the Company's decision to enter into the Licence Agreement is based on the successful results of this testwork and the expected capital and operating cost savings. The Company has also been able to secure the employment of a metallurgical engineer with extensive GEOCOAT® operating experience.
The signing of the License Agreement is a significant strategic step for the Company in that it not only enables the treatment of the Maud Creek ores but also potentially positions GBS Gold to profitably mine and process refractory gold ores which are uneconomic to treat through normal tank-based bio-oxidation facilities. The Licence Agreement also grants GBS Gold the exclusive right to use the GEOCOAT® process in the Northern Territory of Australia (excluding certain minor areas) and the non-exclusive right to use the technology at other acquired mine properties throughout Australia and the world.
The key commercial terms include a staged license fee payable by GBS Gold to GeoBiotics rising to 2.5% of the value of gold produced through the GEOCOAT® process after the first year of production. The term of the License Agreement is perpetual subject to a termination right of GeoBiotics, LLC if GBS Gold has not committed to using the GEOCOAT® process by June 30, 2008. The term of the exclusive right is ten years and is conditional upon GBS Gold meeting certain commitment and production criteria over that period.
GBS Gold is continuing metallurgical testwork and design costings for the application of the GEOCOAT® process at its existing Union Reefs CIL plant. The Company is anticipating a formal decision to commence construction of the required GEOCOAT® additions to its Union Reefs plant before the end of the year. Capital costs are targeted to be financed from internal cash balances and operating cashflow from production of gold from free-milling (non-refractory) ores at the Union Reefs plant.
About GBS Gold International Inc.
GBS Gold is an emerging gold producer with 1.9Moz of Measured and Indicated Resources and 1.6Moz of Inferred Resources of gold at its Union Reefs Operations Centre located in historically productive goldfields in the Northern Territory of Australia. GBS Gold will produce gold through its modern dual-mill 2.5Mtpa Union Reefs processing plant in 2006 and plans to ramp up production from free milling ores to a targeted rate of 150,000 ounces per annum during 2007. The Company expects to construct a flotation plant and bio-oxidation heap leach facility using the GEOCOAT® process at Union Reefs to process refractory ores and produce gold at a targeted rate of 250,000 ounces per annum from both ore types at a targeted cash cost of approximately US$300 per ounce in 2008. Management has extensive experience in bringing mineral projects into production, operating open pit and underground gold mines and has assembled a team with valuable mining experience in the Northern Territory of Australia. The Union Reefs plant is adjacent to the main Stuart Highway and to the trans-continental Adelaide-Darwin railway line, and is on the Northern Territory power grid. Within 125km trucking distance of the Union Reefs plant, GBS Gold has consolidated over 2,500km2 of prospective tenements and gold deposits and also holds gold exploration properties in Western Australia and Canada. GBS Gold has no hedging commitments, no existing bank debt and sufficient cash to meet its short term production objectives. GBS Gold trades on the Toronto Stock Exchange under the symbol "GBS".
Gilbert Playford, Chairman and CEO
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KGV ist ein ganz simples Ertragswertverfahren.
Gruss
Gogh
SACCARD:
"Firma A hat 10 Mrd. market cap. 1 Mrd. Gewinn. Rechnerisch KGV 10.
=========================Firma B hat 10 Mrd. market cap. 1 Mrd. Gewinn. Aus dem Verkauf eines
========================
Teilbereiches hat Unternehmen B 5 Mrd. netto in cash übrig (früher mitdem Teilbereich war der Gewinn bei 1.5 Mrd.).
Firma C hat 1 Mrd. market cap und 9 Mrd. Schulden. Es werden 1 Mrd.
========================
operativ erwirtschaftet und 7% auf die 9 Mrd. an Zinsen gezahlt, esverbleiben 370 mio Gewinn"
GOGH:
Fima A KGV 10 (identisch mit SACCARD)
Firma B KGV ebenfalls 10Firma C KGV 3 (also gemaess KGV das mit Abstand billigste=beste Unternehmen)
KGV =
Börsenwert MKPgeteilt durch
Jahresüberschuss JÜ
(man streitet drüber ob am JÜ kleinere Korrekturen vorgenommen werden können) -
Bei der Ermittlung des KGV für ein beliebiges Unternehmen,
halte ich es für falsch, die MKP um "netto cash" zu kürzen.
Wir sind hier nicht bei den GM, wo wir den Preis für
für eine Reserve/resource_Unze Gold berechnen.
War mir beim Lesen aufgefallen.
Bin schon wieder weg zu den Minen.
GrussGogh
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dieser Beitrag wurde 9x modifiziert und 3x verfeinert
[Blockierte Grafik: http://www.reichenwies.de/images/katalog/NixeBikini.jpg]
Der Darstellung liegt ein Gleichnis Jesu zugrunde (Matthäus 25), das
Gleichnis von den fünf klugen Brautjungfern, die den Bräutigam gut
vorbereitet erwarten, um ihn festlich zum Hochzeitshaus zu geleiten, und
den fünf anderen, die sich erst noch Öl für ihre Lampen besorgen
müssen. Sie kommen zu spät und finden keinen Einlaß mehr
-
Ohne Persien würde mir das Saccard_Szenario einleuchten.
Aber D war beim I und II WW als erster im Angriff.
Und jetzt macht sich gerade eine Waffengattung auf den Weg,
um garantiert was auf die Nase zu bekommen.
Eine klitzekleine A_Bombe auf Teheran und noch eine auf Isfahan
für die NOV_Election in USA ist wahrscheinlich.
Gogh -
THISTLE ZOMBIE WALKING
gogh
Aus MANILA BULLETIN ONLINE vom 20.09.06
--------------------------------------------------------------------------------
Canadian firm revives Masbate gold mine
Wednesday, September 20, 2006Canada-based Thistle Mining Inc. (TMI) is anticipating a $ 100-million investment in the Masbate gold project as it puts this into production in 2008.
Gerrit Kennedy, TMI chief executive officer, said the company which is in partnership with Filminera Resources Corp. (FRC) is targetting a production on the first year of three to four million metric tons (MT) of gold ore from the Masbate project.
This will be in one year from construction by the first quarter of 2007.
The Canadian firm is bullish about the Philippines’ potential as a major mining producer considering its resource and policies.
"We think this is a good region to do business in. It has a wealth of mineral opportunities. Its government is positive to mining," he said in an interview.
TMI has been interested in the Masbate gold project as its officials attended a Philippine mining roadshow in Australia last year. The company has eyed a relisting with the Toronto Stock Exchange in light of the surging gold price that is foreseen to sustain over a long period.
Gold dore (also containing silver) production from the Masbate project will be shipped to Hongkong and other potential markets for refining.
TMI holds a 40 percent interest in the project through subsidiary Philippine Gold UK (PGU) while FRC holds the 60 percent. Another local firm, Open Pit Holdings, owns 60 percent of FRC.
The Masbate gold will have a throughput of 12,000 MT of gold ore per day at 1.4 grams per MT of gold or four million MT yearly. Its estimated mine life is eight years.
Foreign investors have been looking at the potential of the Philippines to fulfill its commitment to keep investors for the long haul particularly in granting incentives and honoring permits and contracts.