Beiträge von gogh

  • Afrikander Lease

    wenn schon die Uran-Karte spielen, dann Aflease.

    Hatte mir die allerdings wegen der Gold-Aktivitäten angeschafft.

    gogh




    Aus MINEWEB vom 29.09.04


    Aflease adds Japanese and Randgold directors
    =======================================



    By: Gareth Tredway



    © Mineweb 1997-2004



    Afrikander Lease, the South African uranium hopeful,
    ==========================================


    added three non-executive directors to its board on Wednesday with a shuffle also taking place at the chairman and chief financial officer level.


    Marais Steyn, who joined the company last year as chief financial officer, has resigned, but Aflease says he will still be consulting to the company. Jean Nortier, the current chairman, will be taking Steyn’s place. “Mr Steyn has seen Aflease through its financial transformation and leaves the company on a sound financial footing,” said a statement.


    Nortier’s replacement as chairman will be Thuthukile Skweyiya, the former deputy director general at South Africa’s department of home affairs and wife of Zola Skweyiya, the minister of social development.


    Randgold & Exploration, now the biggest shareholder in Aflease
    ===================================================
    after a share swap and loan deal, has nominated Lunga Ncwana as its representative on the board. Ncwana was an ANC Youth League activist and now holds board positions at a range of companies, including Tradek, and Boschendal Holdings.


    Jipangu, the Japanese investor that now holds about 8 percent of
    ===================================================
    Aflease, has appointed one of its directors, Kazunori Yoshimura as a representive, but John Sibley the previous nomination will remain with Aflease after the board requested him to.


    “John Sibley, the previous nomination from Jipangu, was requested not to resign but to assume the role of an independent non-executive director with extensive legal expertise in the North American markets.”

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

    Servus Thai,

    habe erst durch Deinen Einwurf mitbekommen, daß

    es diese ABN-Derivate-Werbung hier gibt.

    Hab´die zwar gesehen, aber nicht bewußt

    wahrgenommen.


    Ist wohl immer so, daß an den Wasserstellen

    in der Wüste auch welche sitzen, die nicht nur

    trinken wollen.

    Trotzdem ist es eine Wasserstelle in der Wüste.

    Mich stören mehr die, die als User Postings

    absetzen in denen Schrott-Explorer gepusht

    werden. Dabei halte ich denen noch zugute,

    daß sie oft selbst reingelegt und

    erst dadurch zu ihrem Tuen verführt wurden.


    Soll nur so eine Anmerkung sein.


    Gruss

    gogh

  • .

    Hallo Warren,

    mir ging´s drum, dass Holmer nicht von sich aus

    auf die eigene Bilanz zu sprechen kommt.

    Mir ist eine frisierte oder/und gefälschte Bilanz

    immer noch lieber als garkeine.

    Über SEDAR hab´ich den Jahresabschluss

    per 31.12.03 schließlich gefunden.

    Was drin steht, war mir vorher schon klar.

    Geht der PoG schnell auf 450$ wirst Du reich.

    Dauert es länger, wird´s eng.


    Aber das ist bei "meiner Thistle" kaum anders.

    Und die legen sauber Rechnung und zeigen die

    immensen Verluste. Es ist schon Luxus, die eigene

    Hinrichtungsart frei bestimmen zu können.


    Gruss

    Gogh

  • .

    Gruess Dich Warren,

    habe mir gestern abend mal die Homepage von Holmer Gold

    angeschaut.

    Da wird eine ganze Menge an Fakten und Meinungen

    ausgeführt.

    Nur so etwas wie einen Geschäftsbericht, Bilanz/GuV

    oder sonstigen Status sucht man vergeblich.


    Gehe ja selbst abenteuerliche Engagemants (Thistle) ein,

    aber das wäre mir zu heiß.

  • SASOL, Ölgigant spezieller Art aus Südafrika

    Business Report vom 13.08.04




    Fundamentals aid Sasol's share surge
    ==================================



    Johannesburg - Sasol, Africa's biggest company with sales of R66 billion last year, had its share price surge more than 3 percent yesterday on news that interest rates in South Africa were to be cut by 50 basis points.


    Both an oil and a chemicals company, Sasol has suffered in the past two years with rand strength knocking billions off earnings and high world oil prices leading to falling chemical prices.


    But yesterday the rand, after a month of slow decline, weakened dramatically following the news that interest rates would come down half a percentage point, helping Sasol stronger.


    But rather than this being a fly-by-night change, the market has become increasingly bullish on Sasol. Yesterday a private client investment house, an asset manager and an oil industry analyst all agreed that the fundamentals were converging to make Sasol a good buy.


    Sasol has gained 14 percent in the past month and Bruce Tinney, a mining and resources analyst at BoE Private Clients, said there was more to the story than the rampant oil price.


    Oil is the feeder stock for chemicals; when oil prices rise margins on chemicals shrink unless oil's rise is sustained and chemical companies can pass the costs on.


    "Chemical prices have started to recover, and we should see significantly improved profits from Sasol's chemical businesses when the company reports its year-end results in September."


    Jason Chesters, the head of portfolio management at Tri-Linear Asset Management, said he would be tempted to buy Sasol at below R100 a share. It last traded below R100 in July. This week it has been trading above R105.


    "The only negative for Sasol is the rand but in the last month it has been weakening." With yesterday's decision to cut rates "the rand could weaken further and all three elements - oil, chemicals and the rand - could become positive for Sasol".


    An analyst at a stockbroking firm said he expected a second-half improvement in profits at Sasol's chemical division.


    "But Sasol Chemie will always be a problem child," he said, "And full-year results for the group will still be well down on last year; I estimate about 28 percent down."


    Bloomberg's average estimate for full-year earnings was R9.59 a share. Sasol's historic price: earnings ratio is sitting at 11.4.


    Chesters said this would rise with the next reported fall in earnings, making the stock less attractive. But the fundamentals would still be there and Sasol's dividend yield, at 4.3 percent, was very attractive.


    Tinney said BoE had a buy recommendation on the share, and held an overweight position in its portfolios. His 12-month target price was R134 a share.


    The share has gained more than 21 percent since it listed on the New York Stock Exchange last year and has gained 13 percent this year.


    Yesterday Sasol gained R3.26 to close at R108.77, while the index of the top 25 industrial companies gained 1.96 percent.


    Published on the web by Business Report on August 13, 2004.

  • IAMGOLD./:GOLDFIELDS; die Hochzeit

    Wheaton River [WHT] and seeking to parry a hostile bid from Golden


    delete






    Star [GSS], IAMGold [IAG] went in search of a white knight. It returns to shareholders as a mulatto prince with a proposed $2.1 billion transaction with Gold Fields [GFI] to create the seventh largest gold producer by production and sixth by market value.


    The deal is in many respects a revision of the failed attempt by Franco-Nevada to buy Gold Fields in 2000. That was inteIAMGold deal also carries hallmarks of the subsequent Franco-Nevada Normandy transaction involving the Midas Mine. That deal proved to be the slip knot that released Normandy to Newmont [NEM] instead of original bidder AngloGold [AU]. Also notable is that it mimics speculation about how Norilsk Nickel [NILSY] might have gained control of Gold Fields.


    Almost half a decade later, Gold Fields International has been revived with chairman Chris Thompson back at the helm.


    This time it looks set to succeed and the primary force that blocked the first transaction, foreign exchange controls, will now propel the second to completion because Gold Fields shareholders at home and abroad want less of South Africa.


    Not NorGold


    In the process, Gold Fields nimbly takes care of the not-yereduced to a rather sterile stake of 14% in Gold Fields International and 17% of the South African assets. It seems likely to be diluted by a thousand cuts unless it can strike a deal that meets the accretion benchmarks set by this deal.


    NorNickel is under further pressure given that it has lost one-seventh of the value of its blitz investment in Gold Fields earlier this year.


    Thompson quickly and repeatedly rebuffed suggestions that the deal had NorNickel in mind. It may not have been at the forefront of strategy, but it had to be tactical considelooking to acquire more of the Tarkwa and Damang mines, and IAMGold resolves that as well as delivers a gentle coup d’grace to NorNickel.


    NorNickel’s power has been split and the portions it retains no longer carry any threat of an overhang or control bloc. Even if the Russsian votes against the transaction, it is improbably that it can carry sufficient votes against a domestic and foreign shareholder base bursting to escape the perennial SA discount.


    The only credible threat NorNickel could now mount is to ally with Harmony [HMY] to raid all of Gold Fields. If Harmony could bag NorNickel’s current 20%, then it could launch a bid that might be competitive. Alas, the timing is all wrong because of the rand and SA discounting.


    Three swings and you're in


    Gold Fields gets a third bite at a rerating since SA emerged from Apartheid isolation, and it doesn’t look like such an orphan relative to the “big three”.


    The original Franco-Nevada deal was founded on the premise that simply redomiciling ounces would achieve stock multiple expansion. Unable to prove it with Franco, Thompson succeeded in 2002 with a spectacularly well-timed shift of the Gold Fields ADR from Nasdaq to the NYSE. In the interim, he had thwarted at least two approaches from AngloGold that were priced at about $5 a share.


    IAMGold shareholders may be a little concerned about being injected into what is for now a South African vehicle. However, there is a large safety net in the Toronto and American Stock Exchange listings. It is also inevitable that Gold Fields International will go in search of another transaction that will take it to the 3.5 million ounces a year within three years target it has posted. Also, the new vehicle is not subject to the same SA Reserve Ba[NCM], or Kinross [KGC]. A series of smaller swallows taking in developing assets or intermediates could also do the trick. Alternatively, Gold Fields International must look very attractive to Barrick [ABX] or Placer Dome [PDG] which lack a substantial foothold in Ghana.


    Newcrest has lately been complaining of the national ratings discounts. It will discover, like Normandy, that you can’t unlock that value by moaning, only by taking your company to the senior capital markets.


    Overall, IAMGold shareholders should be well pleased. The strategy to become an operator is secured, as is, handsomely, the 1 million ounce a year production target. It is a superior arrangement compared with the Wheaton deal, and it should easily sidestep Golden Star.


    Golden Star chief executive, Peter Bradford, told Mineweb that the company will probably respond on Thursday.