Beiträge von Ulfur

  • Bolivar Gold

    Venezuela Gives the Green Light to Bolivar


    By Jon A. Nones
    04 Nov 2005 at 04:48 PM EST


    St. LOUIS (ResourceInvestor.com) -- Bolivar Gold [TSX:BGC] has reported that Venezuela's basic industries and mining ministry (Mibam) has published resolutions to issue mining permits for its Choco 10 and 4 concessions. According to Bolivar, Mibam is required to publish the resolution granting the "exploitation certificates" within 30 days following the payment of stamp duty. The resolution also clears project maps and the feasibility study.


    The "very well-defined process" took over a year and although there were no deviations, the process was subject to delays, Bolivar Gold CFO Robert Doyle told BNamericas.


    This was likely in part due to the restructuring of the mining ministry into the independent Mibam entity from the energy and mines ministry, he added.


    According to a company press release, Bolivar must now pay Corporacion Venezolana de Guayana (CVG) $2 million upon issuance of the Exploitation License for Choco 4 and 10 and then $1 million in four quarterly installments thereafter. CVG will retain a 5% non-participating interest in the project.


    Orion Securities issued a note saying this is positive news for both Bolivar and Crystallex, as well as any other miners in Venezuela.


    "This move shows that exploitation certificates will be granted in the country," according to the note.


    The recent news over Venezuela's policy of issuing permits to foreign miners has indeed caused a lot of concern as of late.


    In an excerpt from Canada's National Post, Chris Sorensen and Sean Silcoff wrote that among Venezuelan President Hugo Chavez' skills, mining promotion isn't one of them.


    "We were quite confident that the situation wasn't as bad as the media was making it out to be," said Doyle.


    Crystallex [AMEX:KRY, TSX:KRY] would most likely disagree. The company was trading at $2.72 prior to the announcement – it’s now at $1.55 on AMEX.


    Choco 10


    Choco 10 has proven and probable reserves of about 1.3 million ounces. Even though Bolivar had not received the Exploitation Licence, it continued work on Choco 10 under a temporary operating permit issued in July.


    The mine poured it first gold on February 19 but some issues hindered commercial startup, according to Doyle. These were rectified by May, when output gradually began to ramp up.


    The mine began commercial production on August 1 and hit capacity of 5,400 tonnes per day in September this year, according to Doyle. Capital costs came in around $50 million, he said.


    The operation is forecast to produce 60,000 ounces of gold at cash costs of $178 per ounce this year, said Doyle. This compares to an original forecast of 140,000 ounces at $145 per ounce this year at capital costs of $38.5 million.


    Conclusion


    Chairman and CEO Serafino Iacono adamantly told attendees at the Denver Gold Forum that Bolivar’s Venezuelan mining concessions will remain.


    “We have had conversations with the government and our mining concessions will remain concessions,” Iacono said.


    It seems Iacono was right. However, the news doesn’t seem to have had much affect on the company’s share price.


    Today, Bolivar’s shares closed at C$2.30, up just 8 cents or 3.6% on the Toronto Stock Exchange-Venture. Even though its stock shot up to C$2.43 yesterday when the news was released, it dropped back down to close at C$2.22. In mid-September, Bolivar was enjoying a price of just about C$2.85.
    http://www.resourceinvestor.com/pebble.asp?relid=14335

  • Juniors aus Kanada

    Warren hat sicherlich sehr viel für das Forum getan und sein Weggang war ein großer Verlust.


    Warum er plötzlich aus dem Off wieder erscheint, nur um einen User im deutschen Forum des Goldkartells anzugreifen, empfand ich zunächst als merkwürdig.


    Dann wurde mir aber klar, daß sich Warren beim Datum geirrt hat: Zum Kindererschrecken an Haloween kommt er 5 Tage zu spät.


    [Blockierte Grafik: http://www.n-tv.de/img/596414_src_path5.jpg]

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

    Dollar Advances on Speculation Jobs Report Won't Deter Fed


    Nov. 4 (Bloomberg) -- The dollar rose to a 26-month high against the yen and the strongest level of the year versus the euro on speculation slower-than-expected U.S. job growth won't deter the Federal Reserve from further interest-rate increases.


    ``I don't think people are prepared to put money on the dollar falling now,'' said Adrian Foster, chief currencies strategist at Dresdner Kleinwort Wasserstein in London. ``The underlying trend is one of higher rates driving the dollar, with the market surprised by how consistently the Fed has raised rates throughout the year.''


    Traders kept bets the Fed will raise rates at least two more times from 4 percent, even after U.S. employers added 56,000 jobs last month, less than half the median forecast of economists surveyed by Bloomberg News.


    The dollar advanced to $1.1823 per euro at 11:09 a.m. in New York, from $1.1945 yesterday, surpassing its 2005 high of $1.1868 reached in July, according to electronic currency-dealing system EBS. It rose to 118.26 yen, the strongest since August 2003, from 117.21 yesterday.


    Gains in the dollar accelerated after it strengthened beyond $1.1870 per euro and $1.1860, levels where traders had placed pre-set orders to buy the U.S. currency, said Sven Friebe, a currency strategist at Credit Suisse Group in Zurich. Traders place such orders to limit losses in case bets go the wrong way.


    ``We're simply seeing the trend re-establish itself again as higher rates are going to keep making the dollar attractive,'' said Adrian Schmidt, head of currency strategy at the Royal Bank of Scotland Group Plc in London. ``In the absence of much news, the market's just taking the dollar higher.''


    `Looking' for 5 Percent


    Last month's job growth followed a drop of 8,000 a month earlier. That loss was revised from a previously reported decline of 35,000 jobs. Economists had expected 120,000 new jobs in today's report, based on the median of 70 forecasts in a Bloomberg News survey.


    ``The market remains optimistic on the U.S. economy, and is increasingly looking for the Fed to go to 5 percent, which is helping to support the dollar,'' said Brian Rose, a currency strategist at Bank of Tokyo-Mitsubishi in New York.
    ...
    http://quote.bloomberg.com/app…d=aZaBdhnM0MeY&refer=home


    Komet oder Mahendra?


    Wer wird unser Guru?

  • AuRico Gold / AUQ (TSX, NYSE)

    Gammon - neuer Silber-Standard


    03.11.2005 ki - GOLDINVEST.de Daily


    Ab dem Frühjahr wird der kanadische Konzern Gammon Lake vom Explorations-Unternehmen in den Kreis der Goldförderer aufsteigen. Hohe Ressourcen und günstige Kostenstruktur lassen die Aktie auch bei bereits hoher Bewertung als Chance gelten.

    Alles Schinken oder was? Vor nicht allzu langer Zeit fragte ich einen Mann - er war sogar aus der Finanzbranche und sollte sich bei Rohstoffen auskennen -, was er denn von Gammon halte. "Hmm…, ach ja! Ich hatte ein Rasierwasser Gammon cool action oder so. Das ist ganz o.k.," antwortete er mir. Vielleicht hätte ich lieber seine Kollegin fragen sollen. Sie wäre wohl nicht so plump gewesen und hätte gleich über Serviervorschläge für geräucherten Schinken palavert.


    Und eigentlich…ich wollte doch nur wissen, ob die Story von Gammon Lake bereits bis nach Deutschland gedrungen ist.


    Gammon Lake Resources besitzt im mexikanischen Bundesstaat Chihuahua - hätte ich danach gefragt, wäre die Antwort wohl "Ist das nicht ein kleiner Hund?" gewesen - ein sehr interessantes Gold- und Silber-Projekt. Zweieinhalb Jahre hatte das Management immer wieder Konzessionen in der alten Goldgräberzone zusammengekauft. Nun besitzt Gammon rund 35 Quadratkilometer aussichtsreiches Gelände. Die Ocampo-Mine in der Sierra Madre dürfte im Frühjahr in Produktion gehen. Dämme, Schäfte, Gesteinszerkleinerer, Abraumhalden und alle sonstigen wichtigen Minendetails sind bereits fertig oder bald erstellt. Sogar die acht großen Lastwagen stehen bereits bereit.


    Zumindest die bisher definierten rund 33,6 Millionen Tonnen Gestein dürften damit in den nächsten Jahren bewegt werden. Darin enthalten sind 1,25 Gramm Gold und durchschnittlich 52 Gramm Silber je Tonne. Die Reserven belaufen sich somit auf 1,3 Millionen Unzen Gold und 56 Millionen Unzen Silber. Die gesamten Ressourcen übersteigen bereits 7,5 Millionen Unzen Gold-Äquivalent, also bei umrechnen des Silbers in Gold. Das ist das Dreifache der aktuellen Reserven.


    Bereits im nächsten Jahr dürfte Gammon Lake knapp 250.000 Unzen Gold (Äquivalent) fördern. 2007 dürften es bis zu 330.000 Unzen, davon gut 7,5 Millionen Unzen Silber, werden. Die reinen Abbaukosten sollten 140 US-Dollar je Unze nicht übersteigen. Gammon sollte bei einem Goldpreis von 450 US-Dollar je Unze daher ein sehr profitabler "Schinken" sein. Beim aktuellen Goldpreis schaufeln sie sozusagen das Geld aus dem Boden.


    Nach Anlaufverlusten 2005 dürfte Gammon 2006 zirka 0,45 Euro je Aktie verdienen. 2007 sollte der Wert auf 0,55 Euro steigen. Auf den ersten Blick erscheint die Bewertung der Gammon Lake-Aktie (ISIN: CA3649151089/WPKN: 929853) mit einen Kurs-Gewinn-Verhältnis 2006 von 14 und einer Marktkapitalisierung je Unze Reserven von 176 Euro nicht unbedingt günstig. Doch die hohen und weiter ausbaufähigen Ressourcen sowie die relativ günstigen Abbaukosten lassen Gammon Lake dennoch als lukrative Anlage erscheinen.


    Vor allem Silber-Spekulanten können aufgrund des hohen Anteils Silber an der Produktion mit Gammon Lake auf einen Silberpreis-Anstieg setzen.
    http://www.goldinvest.de/publi…&sc=&i=&y=4946&s=&offset=

  • Barrick bietet 9.2 Mrd. $ für Placer Dome

    Is This Really The End Of The Road For Placer Dome?

    The era of consolidation is well and truly upon us with Barrick making an offer to acquire all the outstanding shares of Placer Dome for approximately US$9.2 billion in shares and cash. Barrick and Goldcorp have entered into a separate agreement pursuant to which Goldcorp will acquire, for approximately US$1.35 billion in cash, certain of Placer Dome’s Canadian assets, including the Campbell mine in Ontario and a portfolio of producing and development assets with significant exploration potential.


    Back in November 2002 Minesite published an article entitled The Best Brains In The Gold Industry Are Grappling With A Break-up Plan For Placer Dome. It was based on some thoughts from David Hutchins, our chairman who is also fund manager for Resources Investment Trust and Ocean Resources. Clearly this theory was lodged in his brain as he repeated the possibility of Placer Dome being bid for in his introduction to our first Minesite Mining Forum of 2005.


    This is an excerpt from the original article. ‘The North American major Placer Dome may find itself on the end of a bid before long. That is certainly the word going round the houses and there is a certain amount of evidence to back it. Not long ago it was rumoured that Rob McEwen of Goldcorp was going to have a go, and certainly he acquired a 4 per cent holding at a price of C$130 million earlier this year. There was a logic in such a move as Placer Dome owns the Campbell mine which is next door to Goldcorp’s highly profitable and low cost Red Lake mine and has long been coveted by McEwen. Interestingly Minews ran into him in London today as he is over for yet another Canadian mining seminar, and he said, “ In the end we decided to take a profit as a deal of that sort is very complicated even if you get the support of some other majors. In fact we bought the shares cheaply as Placer Dome had just fallen out of an index and there was a lot of stock flowing back from Australia. Now it is looking a lot more expensive, but that could change.”.’


    It has taken a long time, but some things do not change. Two days before the announcement of the deal Rob McEwen resigned as chairman and a director of Goldcorp. The company says nothing much should be read into this and his reasons were as follows “Since giving up the CEO role in February 2005 following the merger with Wheaton River, I have been actively investigating new business endeavours and have assumed the role of Chairman & CEO of two junior exploration companies. Today, I am actively engaged in the progress of building these companies along with the McEwen Centre for Regenerative Medicine at the University Health Network in Toronto.”


    No doubt that it true, but the thought lingers on that he could have been over-ruled by his board on this one and decided to accelerate his departure. If the deal was complicated three years ago, it will hardly have got simpler three years later with two companies picking over the body of Placer Dome. Yes, Goldcorp will get its hands on the Campbell mine which will allow it to consolidate its position in Canada’s leading mining district and provides the potential to extract significant synergies given Goldcorp’s adjacent Red Lake mine. And yes, it is claimed that the consummation of this transaction would increase Goldcorp’s annual gold production by approximately 50 per cent to more than 2 million ounces at a total cash cost of less than US$150/oz. But it will also cause an immense drain on management time and energy when the total annual synergies are only reckoned to be US$30 - US$40 million.


    As we pointed out when Oxus Gold withdrew its bid for the gold assets of Eurogold, it is not over until the fat lady sings. In the meantime , however, there is speculation in London that Barrick will now carry out a review of its non-core assets and this could mean the sales of its holdings in two AIM companies, Highland Gold and Celtic Resources. This would be very short sighted as all major producers need to have their hands on big deposits if they are to maintain production in the years ahead. Celtic is involved in the 29 million oz Nezhdaninskoye gold mine and Highland Gold provides access to the resources of the giant 30 million oz Mayscoye gold deposit. Both are in Russia and that is where the big deposits are to be found, not in the more mature gold regions of North America.


    Hedging is the other question. Last month analyst Stephen Walker at RBC Capital Markets suggested that investors should be concerned with the state of Barricks’ gold hedge book, which had an estimated mark-to-market value of negative US$2.32 billion using the Comex quarter-end gold price of US$469 per oz. This compares with a negative US$1.90 billion at the end of the previous quarter when the gold price was US$437/oz “In a rising gold price environment,” wrote Mr Walker “we become increasingly concerned with Barrick’s ability to manage a gold hedge book with a large negative mark-to-market and realized gold prices well below the current forward gold curve.”


    Shareholders in Placer Dome should take this on board when considering the shares aspect of the proposed offer. Their own company had already been winged by Clive Johnson of Bema Gold with threats of a legal battle over the development of Cerro Casale when Barrick took its shot, and its defence is unlikely to be strong. A white knight looks the best option, but they are few and far between. Just a thought, however, Chris Thomson seems to be at a loose end after leaving Gold Fields recently. Maybe he and his old mate Pierre Lassonde, who now runs Newmont Mining and took over from him earlier this year as chairman of the World Gold Council, could come up with an alternative strategy for Placer Dome.

  • Batavia Mining Ltd. WKN 813 531 ISIN AU000000BTV7 BTV

    >Aber mal im Ernst. Der Kurs ist voll am Arsch ! [Blockierte Grafik: http://img.wallstreet-online.de/smilies/mad.gif]Und ich Idiot habe damals noch zum Höchstkurs nachgekauft [Blockierte Grafik: http://img.wallstreet-online.de/smilies/frown.gif] Was solls, ich denke mal dieses Jahr wird da nix mehr gehen in Batavia oder wie ist eure Meinung ??[Blockierte Grafik: http://img.wallstreet-online.de/smilies/confused.gif]


    Schaut euch doch den Kurs an, jeden Tag 2cent in die falsche Richtung.[Blockierte Grafik: http://img.wallstreet-online.de/smilies/cry.gif]"<


    Wobei die Aktie nur zwischen 2 und 4 Cent gehandelt wird. Da ist das Ende doch absehbar!

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

    psballanche


    mir ist so ein Problem auch unbekannt. Ist die Firma schon in Kanada delisted? Ansonsten dort verkaufen und in London neu erwerben. Eigentlich soll ein Delisting in Kanada recht schwer sein, wenn es noch kan. Aktionäre gibt.
    Gibt´s keine Tips etwa im Stockhouse-Board, müssten doch noch andere das gleiche Problem haben.


    Letztendlich läßt sich der Umtausch sicherlich per Post bewerkstelligen; mögliches Problem: über den Inhalt der Sendung könnte es 1zu Differenzen kommen
    -------------


    Still, Wellesley-Wood cautioned that he doesn't expect to see significant signs of turnaround at the Australasian operations before June next year. :(
    http://www.miningweekly.co.za/?show=76611

  • Colombia Goldfields Ltd. / CGDF.OB

    newtechxl


    Du hast mein Posting nicht verstanden. Mit "Goldberg hin oder her" wollte ich sagen, daß es mir bei meiner negativen Bewertung nicht um den Inhalt Deines Postings ging, auch nicht um den Begriff.


    Es geht um die getürkten Bewertungen. 15 Minuten, nachdem der Thread angelegt wurde, hatte er schon dreimal die Bewertung "10". Es mag sein, daß jemand Dein erstes Posting als herausragend beurteilt. Daß jedoch von drei abgegebenen Bewertungen, alle Bewertungen jeweils mit "10" vergeben werden und dies innerhalb von einer viertel Stunde, ist für mich eindeutig Manipulation.


    Deswegen habe ich eine "1" vergeben, nicht um Dein Posting herabzusetzen, sondern um den Falschspielern mit gleichen Mitteln zu begegnen. Vielleicht sollte ich mir auch noch ein paar Nicks zulegen.

  • Harmony Gold Mining / HMY (NYSE), HAR (SA) und Gold Fields / GFI

    (Titel eines Leserbriefs)


    Harmony spent nearly half its available cash in Q3
    Gareth Tredway
    '31-OCT-05 06:00'


    JOHANNESBURG (Mineweb.com) -- Harmony Gold, South Africa’s third largest gold producer, spent R859 million in cash over the three months to end-September according to its latest quarterly report released on Monday.


    The company now has R971 million in cash, the remnant of the sale of half of its 11.5% stake in Gold Fields for R2.2 billion in May. The cash from the sale made the company cash-flow positive again after it had been burning cash for a number of quarters.


    But in September, the outcome was not positive and the company’s mines burnt R179 million in cash.


    The company has pursued its policy of spending capital for future ounces, with another R350 million spent in the three months to September on additions to property, plant and equipment. The company says that R226 million was spent on operational capex with R140 million going towards new projects. Forecasted figures for December are similar.


    Harmony is restructuring to at least match its operational cash flows with its capital expenditure, but to date has still not been able to achieve this.


    On the financing side, the company repaid a portion of its long-term loans for R295 million.


    A repetition of this quarter in the three months to end-December, would almost surely force the company to sell the other half of its Gold Fields shares, as the cash position would be sitting at around R112 million.


    There were, of course, a couple of once-offs this quarter, including the partial repayment of the loan. Managements main task is to get costs down to what chief executive Bernard Swanepoel calls a ‘ballsy’ target of R75,000/kg. Although the company’s decision to change its accounting policy and capitalise development costs, takes out around R7,000/kg from these costs, putting management’s new internal cost target at about R68,000/kg. This figure was questioned by analysts at Monday’s presentation, who pointed out that these targets were not reached in the September month as management had hoped they would be. According to the presentation, gold was produced at R77,734/kg in the September month, almost R10,000 more than the normalised target. “The consensus among analysts is that this is a pie-in-the-sky target,” said Swanepoel, “It would give me no greater joy than to prove you wrong.” Swanepoel insists that if the grades are maintained while volumes are increased through conops (Sunday working) then the cost reductions could be significant. “The better volumes will go a long way to reducing the costs,” said Swanepoel. Other analysts say that the company has most probably bottomed out in terms of high costs, and these will probably
    decrease over the coming quarters, with Harmony probably generating cash from its operations (If the local gold price stays where it is for the next two months). “Hopefully we can show people how the fifteen months of restructuring was worth the effort,” says Swanepoel.


    Leserkommentar:
    markus
    Subject: Is this the result of all those remarkable turnarounds Bernie/Ferdie?
    :rolleyes:

  • Batavia Mining Ltd. WKN 813 531 ISIN AU000000BTV7 BTV

    Jaja Leutz,
    ziemlich viel bunte Bilder im Thread. Aber wer kann die berechtigen Fragen von wo-usern beantworten?


    " Was ist nur los hier bei Batavia ? Ich versteh die Welt nicht mehr.
    .....
    Nicht das Batavia nen Fass ohne boden ist Leute. Was meint ihr ? Sehen wir auch nochmal ne andere Richtung aus ständig die nach unten So langsam geht das nämlich einem auf den Keks !"

  • Colombia Goldfields Ltd. / CGDF.OB

    Innerhalb von 15 Minuten nach Threaderöffnung wurden 3 mal die Bewertung "10" für das Posting vergeben.


    Warum werden dem User nicht die Multinicks entzogen?


    Um der Manipulation entgegen zu wirken, vergebe ich mal eine "1"
    - Goldberg hin oder her :rolleyes:

  • Apollo Gold - das Sorgenkind

    Kein Geld ist vorteilhafter angebracht als das,
    um welches wir uns haben prellen lassen;
    denn wir haben dafür unmittelbar Klugheit eingehandelt!
    (Arthur Schopenhauer, deutscher Philosoph, 1788-1860)


    Gilt leider nicht für alle :D