Beiträge von gogh

[Blockierte Grafik: http://www.hytta.de/eimer/_127.jpg]

Schnapszahl heute PoG 444 kann man sich gut merken

(das geht eimermäßig weiter)

-Come to where the EIMER is-


gogh

will sagen:

1. Merger GFI/HAR wird es nicht geben

2. GFI wird wie geplant mit IMG die GFI "International" gründen

Das ist nur meine Einschätzung der Lage per heute;

also keine objektive Information.

gogh

[Blockierte Grafik: http://balkon.c3.hu/balkon02_07-08/images/queer_08.jpg]

Business day 19.11.04

Norilsk participates in Gold Fields vote
==============================


Russia's MMC Norilsk Nickel participated in Gold Fields (GFI) Annual General Meeting and voted on all 12 resolutions, Norilsk Nickel head investor relations Dmitri Usanov told I-Net Bridge from Moscow.

"We abstained or voted yes or no, depending on the resolution," Usanov said.

Usanov, however, wouldn't disclose how Norilsk Nickel had voted on any of the 12 resolutions, which included 10 ordinary resolutions and two special resolutions.

Norilsk Nickel has a 20.03% stake in Gold Fields and is the group's largest single shareholder.

Harmony Gold (HAR) is biding to take over Gold Fields to form the world's number one gold miner.

In turn, Norilsk Nickel has signed an irrevocable agreement with Harmony to support the group's subsequent offer. Harmony's early settlement, which expires on November 26 at 12h00, is aimed at securing 34.9% in Gold Fields.

Norilsk Nickel has also indicated that it will vote against the merger of

Gold Fields' mining assets, outside the South African Development

Community, with those of Canada's IAMGOLD.

Gold Fields and IAMGOLD shareholders are set to vote on their merger

on December 7, 2004, with the exact time of the vote yet to be

announced.

Justin Brown , INet
19 November 2004

Trifft die weit verbreitete Erwartung zu, daß

der Dollar schwächer wird, kann der Minen-

standort USA noch sehr lukrativ werden.

gogh

MINEWEB vom 17.11.04

Higher gold prices good for Nevada
============================
Dorothy Kosich
'17-NOV-04 05:00'

RENO (Mineweb.com) A recently published study by University of Nevada Reno Economist John Dobra reaffirmed a number of beliefs held by the U.S. hardrock mining industry.

With the sponsorship of the Nevada Mining Association, Dobra annually reviews, researches, and compiles data related to Nevada mining. While 12 companies analyzed in Dobra's research produced 26.2 million ounces of gold in 2003, only 27.9% of the gold actually came from Nevada.

Dobra found that the difference between Net Income and Net Income Before Federal Taxes and Asset Write-Downs (NIBTWD) narrowed considerably between 2000-2003, indicating fewer write down of assets.

"Also indicative of the improving state of the industry's finances, the industry's market capitalization, the value of its outstanding shares of stocks, increased substantially in 2003," he wrote. Market capitalization at year end 2003 was $50.3 billion. "which reflects a very significant increase in public interest and confidence in the sector," according to Dobra. "Aggregate ROE [Return On Shareholders Equity] after taxes and write-downs in 2003 also indicates significant improvement in the industry's financial health." ROE nearly doubled in 2003 from the previous year.

Dobra predicted that the trend toward underground mining in Nevada will continue "as the industry matures and will require different production techniques. "This development will also tend to drive up production costs," he warned.

"Another challenge facing the industry is increases in energy prices," he wrote. "In 2004 two of Nevada's major producers, Barrick Gold and Newmont Mining, announced plans to construct electrical generating plants in an effort to ensure supplies and control costs. This not only benefits the companies, it provides a valuable investment and industrial and commercial infrastructure for the region."

Dobra asserted that "the state continues to offer a number of positive characteristics which should bode for mining, specially gold mining, even with a modest rebound in commodity prices"

While gold production declined 5% to 7.32 million ounces in Nevada, higher gold prices increased the calculated value of production from $2.4 billion to $2.7 billion. Nevada gold production accounted for 80% of total US production and 8.8% of world production in 2003. Nevada ranks as the third largest gold producer in the world behind South Africa and Australia. Nevertheless, Nevada gold production declined three years in a row from 2000-2003, according to Dobra.

Meanwhile, mining claims in the state increased 13%. Notices of Intent for review to conduct mineral exploration on public lands more than doubled. Plans of Operations filed for review with the BLM also doubled, according to Dobra. Net Proceeds of Mines revenue increased 79% in 2003 to $784 million, he added.

Proven and probable reserves in Nevada at the end of 2003 were estimated at 77 million gold equivalent ounces. "Hence, Nevada producers replaced the 7.3 million ounces produced in 2003 and found an additional 8 million ounces through exploration or recalculation of reserves based on higher prices," Dobra declared. Nevada gold reserves represent just under 40% of total known US gold reserves, he added. Gold exploration expenditures were estimated at $69.2 million in Nevada in 2003.

However, Dobra cautioned that problems for the production side of the industry remain. For instance, ore grades are declining while weighted average total cash production costs increased 4.4% to $215/oz in 2003. Weighted average total costs increased 3.4% to $275/oz.

"In addition to declining grades at some locations, production costs have been driven up by higher energy costs, for both petroleum production and electricity, and higher costs associated with obtaining permits for exploration and operations," Dobra said.

Meanwhile, 10.2 million ounces of silver were produced in the Silver State, the fourth consecutive year of decline. The decrease in silver production was attributed to the closing of several large silver mines in the states. Coeur Rochester in Pershing County remains the state's largest silver producer at 5.5 million ounces, according to Dobra. The calculated value of 2003 silver production in Nevada was $49.8 million in 2003, down from $62.4 million in 2002.

Mining generated 57,000 jobs in the state in 2003 and contributed $1.65 billion in personal incomes, compared to $1.5 billion in 2002.

dasselbe wie zuvor, nur kürzer:

Mining Weekly 16.11.04


SA gold-miner gets $50m loan from Investec
--------------------------------------------------------------------------------

South African gold-miner Durban Roodepoort Deep (DRD) has received a $50-million loan facility from Investec Bank for acquisitions, DRD said yesterday.

DRD also said it had drawn down R160-million of two previous loan facilities from Investec, totalling R200-million. It had settled these drawn down funds by issuing 13,4-million new DRD shares for cash at an average price

Reverse split bei Kinross.

Je 100 Aktien werden in 1 Neuen zusammengefaßt.

Zweck der Übung. Kinross will keine Kleinstaktionäre mehr.

definiert mit weniger als 100 alte Aktien. Offiziell sind

die Verwaltungskosten für die Kleinaktionäre zu hoch.

(Das wird aber nicht der einzige Grund sein.)


Ergebnis 1 neue Kinross kostet dann ca. 1.000,- Can$.

Mächtig selbstbewußt.

(tippe da passiert bald noch mehr.)


gogh

Drdgold - Acquisition Facility And Issue Of Shares For Cash
==============================================

Release Date: 15/11/2004 14:53:00 Code(s): DUR
==========================================

DRDGOLD - Acquisition Facility And Issue Of Shares For Cash
Durban Roodepoort Deep, Limited
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
(Share code: DUR)
(ISIN: ZAE000015079)
(ARBN number 086 277 616)
(NASDAQ Trading Symbol: DROOY)
("DRDGOLD")
ACQUISITION FACILITY AND ISSUE OF SHARES FOR CASH

1. ACQUISITION FACILITY
QuestCo is authorised to announce that DRDGOLD has reached agreement with the
Investec Group ("Investec") for the provision of a US$50 million three-year loan
facility ("the acquisition facility"). The acquisition facility is to be
utilised specifically for acquisitions in the furtherance of DRDGOLD"s growth
strategy and is secured by DRDGOLD"s international investments.
An amount of US$7 million of the acquisition facility has been utilised by
DRDGOLD to follow its rights in the Emperor Mines Limited ("Emperor") rights
issue. The rights offer was over-subscribed and DRDGOLD"s shareholding in
Emperor remains at 45.3%.

2. ISSUE OF SHARES FOR CASH
On 24 June 2004 and 15 September 2004, respectively, DRDGOLD entered into two
separate loan agreements with Investec ("the agreements"), in terms of which
Investec provided to DRDGOLD loan facilities of, in aggregate, R200 million
("the facilities").
The agreements provide that Investec may call for the repayment of any drawn
down portion of the facilities and that DRDGOLD may elect to repay the
facilities either in cash or through an issue of new DRDGOLD shares or a
combination thereof.
In the current financial year, DRDGOLD has drawn down R160 million. DRDGOLD has
settled this drawn down portion of the facility through the issue of 13 387 981
new shares under its general authority to issue shares for cash ("the new
shares"), which general authority was granted to the directors of DRDGOLD at the
company"s annual general meeting held on Friday, 28 November 2003.
The new shares were issued at an average price of R12.04 cents per new share,
which represents an average discount of 3.7% to the 30-day trade-weighted
average price per DRDGOLD share calculated from the date of issue of the new
shares in respect of each of the tranches.
Funds advanced under the agreements have also been utilised to settle the
outstanding hedge under the "gold for electricity" contract with Eskom, to fund
retrenchment packages for workers retrenched at Blyvooruitzicht and for general
working capital purposes.
3. PRO FORMA FINANCIAL EFFECTS
The pro forma financial effects set out below have been prepared to assist
shareholders to assess the impact of the issues of the new shares ("the issues")
on the earnings, headline earnings, net asset value and tangible net asset value
per DRDGOLD share. The material assumptions are set out in the notes following
the table. These pro forma financial effects have been disclosed in terms of
the Listings Requirements of the JSE Securities Exchange South Africa and do not
constitute a representation of the future financial position of DRDGOLD.

Before the After the Change
issues issues (%)
(cents) (cents)
Earnings per share (331) (1) (309) (2) 6.6%
Headline earnings per share (328) (1) (306) (2) 6.7%
Net asset value per share 244 (3) 298 (4) 22.1%
Tangible net asset value 244 (3) 298 (4) 22.1%
per share
Notes:
1. The earnings and headline earnings per share, as set out in the "Before the
issues" column of the table are based on the audited financial results of
DRDGOLD for the twelve months ended 30 June 2004 and 216 509 843 weighted
average number of shares in issue.
2. The earnings per share and headline earnings per share, as set out in the
"After the issues" column of the table, are based on 229 897 824 weighted
average number of shares in issue and the assumptions that:
* the issues were effective on 1 July 2003;
* the new shares were issued at a price of R12.04 per new share;
* interest was earned on the cash raised at a rate of 6.25%; and
* tax on the interest was charged at 30%.
3. The net asset value per share and tangible net asset value per share as set
out in the "Before the issues" column of the table are based on the audited
balance sheet of DRDGOLD at 30 June 2004 and 233 307 667 shares in issue.
4. The net asset value per share and tangible net asset value per share as set
out in the "After the issues" column of the table are based on a total of
246 695 648 shares in issue and the assumption that the new shares were
issued on 30 June 2004 at an issue price of R12.04 per new share.
The pro forma financial effects have been prepared according to South African
Statements of Generally Accepted Accounting Practice and have not been audited.
The pro forma financial information included in this announcement does not
purport to be in compliance with Regulation S-X of the rules and regulations of
the US Securities Exchange Commission.
Johannesburg
15 November 2004
Financial adviser
QuestCo (Pty) Ltd
(Registration number 2002/005616/07)
Sponsor
Standard Bank
Date: 15/11/2004 02:53:04 PM Supplied by http://www.sharenet.co.za
Produced by the JSE SENS Department

Wenn die Oma heiratet, muß dann der Enkel

seine Verlobung auflösen?

Kann schon sein bei bösem neuen Stiefgroßvater.

Bräutigam der Großmutter: Harmony

-dazwischen GFI (mittlere Generation) GFI wird nicht

aufgelöst. Harmony kann sich ja nur 50% plus etwas leisten.

-Enkel: Auslandsaktivitäten GFI

mit Enkel-Verlobtem Iamgold.


-Merger Angebot Harmony:

Gib die Mutter ab; dann bekommst Du die Großmutter.


Gib die Mutter ab, kriegst Du die Tochter würde mehr Spaß machen;

so der IMG-GFI-International Plan.

gogh

[Blockierte Grafik: http://www.tontarelli.it/res/foto_grandi/9102074.jpg]

Es ist Hausse bei PoG und GM.
=========================

Erst nachdem das meiste gelaufen sein wird; beginnt die

fachmännische Analyse.

Man wird feststellen, daß man den Eimer hätte füllen können.


Stattdessen begnügt man sich damit, den Eimer umzudrehen.

Oben draufzustellen und auf die Welt herabzuschauen.

gogh

aktuell Toronto 9,94


Unterschätzt den Albatross nicht.


gogh

Neues vom Eimer:
[Blockierte Grafik: http://www.studio-w.com/artwork/art/rusty_bucket.jpg]

PoG macht sich


gogh

"der unsichtbare Dritte"

gogh

Business Report vom 12.11.04

Norilsk's endgame in Gold Fields battle baffles everyone
==============================================

By Renée Bonorchis

Just what Russia's Norilsk Nickel gets out of supporting Harmony Gold in its bare-fisted fight for Gold Fields continues to be a bit of a puzzle.

The Russians hold one of the vital keys to a successful Harmony takeover of Gold Fields.

Norilsk's support of Harmony's bid is believed to have been triggered by the Iamgold transaction, in terms of which Gold Fields would reverse list its international assets into the Toronto-listed gold mining and exploration firm.

News of the Iamgold proposal stopped communications between Gold Fields and Norilsk in August. This was something that worried Gold Fields' management, and rightly so.

And it was not only South Africans who were worried about the unlikely relationship with the Canadian firm.

The Russian government was reported to have been uncomfortable with the huge outflow of foreign exchange when Norilsk bought the 20 percent stake in Gold Fields.

Apparently, Moscow is investigating whether Norilsk contravened any of that country's foreign exchange controls with the deal, which at the time was the largest transaction a Russian company had ever made outside of the homeland.

But if you look at it from another angle, why would Norilsk go to all the trouble of spending $1.17 billion, get everyone excited about Russia's largest mining company making moves to diversify itself, and then pull away from its chosen target?

If Harmony's proposed deal is consummated in its entirety, Norilsk would end up holding about 13 percent of the New Harmony company. A 13 percent stake offers no special, strategic anything. So what gives? What are they thinking; what are they up to?

Bernard Swanepoel, Harmony's chief executive, swears blind there is no other deal or sweetener being offered to the Russians.

But one of the Harmony offer documents did mention it might spin off the international assets, either selling them or listing them separately.

This casual reference to the plans Harmony has for more than 75 percent of Gold Fields' cash flows smells a little strange - especially given the cash-hungry position the robust rand has put Harmony in.

Could there be something in this for Norilsk? A separate gold company that could partner with Norilsk to help it pursue its own gold ambitions, perhaps? Or a larger stake for Norilsk in an international arm of Harmony?

Whatever it is, the agenda is as opaque as a master chess player's mine. Even so, what happens to Norilsk if the Harmony deal goes pear shaped?

It would substantially queer the pitch for any future co-operation between Gold Fields and Norilsk. And Norilsk would hold a stake in a company with two major shareholders on bad relationships with the management.

Norilsk can't sell its stake to Harmony, because Harmony doesn't have the money, besides which it has to stump up R490 million in January for an interest payment.

Exactly what is going on in the board room at Norilsk will hopefully be revealed in the fullness of time.

In the meantime it seems that Gold Fields is being outclassed in the legal arena, what with the high court and the Securities Regulation Panel throwing out its applications
. It would be interesting to know what odds the bookies have on today's competition tribunal hearing. NS

Vor lauter "hostile bid" von Harmony

den Plan B nicht vergessen.
======================

Iamgold hat produzierende Minen

nur in Westafrika; und zwar immer

als Joint Venture.


Exploriert wird in Mittel-Amerika.

Gestern wurden noch hervorragende

Bohrergebnisse in Ecuador ver-

öffentlicht.


gogh

TWG (Toronto)

heute, 11.11.04,

bankable feasability-Studie für Atlanta Gold- Projekt veröffentlicht.

http://web1.kitco.com/pr/1421/article_11112004092602.pdf


gogh

warum steigen die Minen kaum, obwohl der PoG

kräftig angezogen hat?

Auch das erklärt das Foto des "Bucket Man" (s. vorhergehendes Posting).


Der "gefühlte" PoG ist noch geringer als der gemessene.

Anders ausgedrückt, die Erwartung, daß es schnell auf 480-500 hochläuft, gibt es (noch) nicht.

gogh

Wie und wo man Erkenntnis über den zukünftigen PoG

zu erlangen hofft ist verschieden (siehe unten).

Wenn das auch komisch aussieht und zwecklos.

Ohne eine Meinung geht´s einfach nicht.

für die zeit bis Jahresende: Perma-Bulle

gogh

[Blockierte Grafik: http://www.artnet.com/magazine/reviews/fallon/Images/fallon3-8-15.jpg]

"the Bucket man", Victor Vazquez,

2003 Fototechnik auf Bromsilberbasis

nemo

das mach ich jetzt schon seit Jahrzehnten mit dem Sammeln.

Angefangen hab ich mit Objekten für 100 DM.

Heut wären das 100 bis 200 €.

Dafür kriegt man heute auch noch gute Sachen; im Ernst.


Auch ernsthaft. Fundierte Kenntnisse sind viel entscheidender

als Geld. Es braucht allerdings viel Zeit um sich die anzueignen.

Im Internet würd ich nie kaufen. Nicht wegen der Betrugsgefahr.

Aber man muß jedes Teil vorher nicht nur im Original sehen,

sondern unbedingt anfassen.

Ich habe immer in mittelgroßen Auktionshäusern meine

Sachen ersteigert. Das halte ich für optimal.

Und zwar deshalb weil man keinerlei emotionale Bindung

oder Beeinflussung durch den Vorbesitzer hat.

Nur sich selbst glauben. Lieber einen eigenen Fehler

nach dem anderen machen.


Entweder man erkennt, daß es einem doch nicht richtig

liegt. Dann kann man +/- Null alles glattstellen.


Im anderen Fall entwickeln sich die Dinge von selbst.


gruss

gogh

Warum haben Chinesische Drachen heute noch

Schweinezähne (wie Eberhauer)?

Neolithischer Schweinedrachen (pig dragon) aus Jade

[Blockierte Grafik: http://www.arts.cornell.edu/histart/courses/380/ah380_018.JPG]

ca. 7cm


Diese pig dragons wurden in Gräbern gefunden, die 10.000 Jahre alt sind.

Es gibt natürlich keine Überlieferungen was damit gemeint war.

Da es aber kontinuierliche Grabfunde gibt, weiß man, daß sich daraus

der Drachen entwickelte. Das war immer ein mächtiges und

glückbringendes Wesen.


Aber warum ein Schwein?

Man mutmaßt, daß ein Schwein in Hausnähe, daß man notfalls

töten und verzehren konnte, Familien und Clans das Überleben

sicherte. Clans die noch keine Schweine domestizieren konnten

platzten vor Neid. Sie starben an Hunger, während der andere Clan

überlebte.

Ein überirdisches Wesen so ein Schwein.

Zitat

Original von Schwabenpfeil
Ich möchte zumindest noch einmal versuchen, an dieser Stelle mal etwas deutlich herauszuarbeiten. Ich würde es begrüssen, wenn es uns auf Goldseiten.de gemeinsam gelingen würde, hier eine komplette Übersicht aller Minengesellschaften und aller Analysen zu Minengesellschaften aufzubauen. Aus diesem Grunde screene ich das Internet periodisch nach Empfehlungen zu Minenaktien und Explorern.

Werde ich fündig und ist über die Analyse noch nicht diskutiert worden, stelle ich die entsprechende Analyse hier rein. l

Das ist nicht harmlos, wenn es auch nicht als Pushen gewollt ist.

Da werden vorhandene Tretminen hierhin dupliziert.


Als Beispiel kann man sich den Thread mit der Überschrift

"International Goldfields" nennen.

Mir sind 4 GM-Companies mit dem Namen "Goldfields"

bekannt. An den Postings kann man sehen, daß es schon User gab,

die verwechselt haben.

Andere "gescreente Fremdaufsätze" transportieren in der

Tat "Promoter-Pusherei".


Weniger und das wenige mit Bedacht, wäre viel mehr.


gruss

gogh

Aktueller Marktbericht für Bildende Kunst

A New York, des ventes timides, malgré quelques records
=============================================

Quelle aus: LE MONDE | 06.11.04 | 14h18

Les transactions ont été décevantes chez Christie's, qui a vendu un Gauguin 39,2 millions de dollars.
Plusieurs records sont tombés lors de la première semaine des ventes d'automne consacrée à l'art impressionniste et moderne de New York. Maternité II, peinte par Gauguin en 1899, a été achetée, jeudi 4 novembre, chez Sotheby's, 39,2 millions de dollars (30 millions d'euros). La même maison a obtenu 31,3 millions de dollars (24 millions d'euros) pour un Portrait de Jeanne Hébuterne peint par Modigliani vingt ans plus tard. Mondrian, dont on présentait une des œuvres ultimes, de la série des "Boogie Woogie" peinte à New York en 1941, a atteint 21 millions de dollars (16 millions d'euros). Records également, à des niveaux moindres, pour Soutine (Le Chasseur de chez Maxim's, 6,7 millions de dollars, soit 5 millions d'euros) et Henry Moore (Three-Piece Reclining Figure, 8,4 millions de dollars, 6,5 millions d'euros).

Les acquéreurs, enchérissant au téléphone ou, dans le cas du Modigliani, par le biais d'employés de Sotheby's, sont demeurés anonymes. Mais ces records ne doivent pas cacher une déception sur l'ensemble de la vente, qui a totalisé 194,2 millions de dollars (150 millions d'euros), bien en dessous de l'estimation basse de 203 millions (157 millions d'euros) que Sotheby's espérait retirer des 61 œuvres. Treize d'entre elles sont restées invendues. La faute à des estimations déraisonnables, selon le New York Times, dont la spécialiste, Carol Vogel, pense que la compagnie, qui avait garanti un prix minimum à nombre de vendeurs quel que soit le résultat des enchères, a perdu de l'argent sur le total.

Même le Gauguin a paradoxalement déçu : vendu 39,2 millions de dollars, il était évalué entre 40 et 50 millions. Même remarque pour le Mondrian, adjugé au marteau pour 18,7 millions de dollars (la différence tenant aux frais imputés par les maisons de ventes aux acheteurs), qui était estimé entre 20 millions et 40 millions. Une Etude pour le déluge II, peinte par Kandinsky en 1912, a ainsi fait les frais de cette politique : invendue sur une proposition de 17,5 millions de dollars (13,5 millions d'euros) sans qu'aucun acheteur se soit manifesté.

Sur le papier, la vente de Christie's, mercredi 3 novembre, apparaissait moins flamboyante, et le résultat total, 128,2 millions de dollars (99 millions d'euros, 47 œuvres vendues sur 58 ), le confirme. Il semble qu'elle ait été plus rentable pour la compagnie anglo-saxonne, propriété de François Pinault, puisque l'estimation basse était de 111,7 millions (86 millions d'euros).

Un chef-d'œuvre a été âprement disputé : Londres, le Parlement, effets de soleil dans la brume, un des dix-neuf tableaux de la série peinte par Monet en 1904, et un des quatre derniers en mains privées. Et quelles mains ! Celles des descendants de Durand-Ruel, le marchand légendaire. Le tableau n'avait jamais été mis sur le marché depuis sa création, il y a un siècle...

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

sehe gerade in Toronto 9,68.

Da kriegen wir noch Spaß mit.


gogh