Beiträge von Ulfur

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

    Heute ist der Goldpreis gestiegen, obgleich der Dollar ebenfalls stärker geworden ist.


    Gold +3,50 USD +0,82%
    Euro 1,2118 USD –0,90%


    Gold auf 352,30 Euro !! gestiegen +1,71%


    Der enge Zusammenhang von steigendem Euro und steigendem Dollar hat sich gelockert: die Korrelation ist von 93% auf 76% in den letzten drei Monaten gesunken.


    [Blockierte Grafik: http://images.bloomberg.com/nav/bblogo.gif]


    Gold Gains on Comex as Investors Shift Holdings From Euros


    June 10 (Bloomberg) -- Gold prices in New York rose for the first session in four, reversing earlier losses, as investors shifted holdings to the precious metal from euros after the currency hit a nine-month low against the dollar.


    The dollar gained against the euro after the Commerce Department reported the U.S. trade gap in April widened to $57 billion, less than forecast by economists. The link between gold and the euro began to diminish last week after voters in France and the Netherlands rejected the European Union constitution. Gold gained 0.8 percent this week, and the euro has shed 0.9 percent.


    ``There is gold being bought in euro terms'' said Michael Guido, director of hedge fund marketing and commodity strategy in New York for Paris-based Societe Generale SA. ``In essence, they're selling euros and buying gold. That's why you're seeing gold move up, while the euro's still down.''
    ….


    Gold, which has moved almost in lockstep with the euro's performance against the dollar in the past three months, at a correlation coefficient of 0.76. The maximum reading is 1. The coefficient measures to what degree two variables move in unison.


    The correlation was 0.93 before voters in France and the Netherlands rejected the treaty meant to streamline decision-making following the union's expansion to 25 members from 15 last year.


    ``The euro has lost it, and you're seeing people who sold dollars and held euros in reserve buy gold,'' said Dennis Gartman, trader, economist and editor of the Suffolk, Virginia-based Gartman Letter, a financial newsletter.


    Gartman began recommending that investors hold gold in euro terms on April 11, saying a rejection of the EU constitution would undermine the currency.


    ``Investors are probably a little disturbed about holding euros and uncomfortable holding U.S. denominated assets, so they look to the third alternative, which is gold'," Gartman said.
    http://www.bloomberg.com/apps/…g&refer=commodity_futures

  • Nevada Pacific Gold Ltd. WKN 929 971 ISIN CA6413981029 NPG

    Für mich etwas verwirrend der Bericht.


    Einerseits heißt es, daß im April Gestein mit 7871 Unzen in den Auslaugungsprozeß kamen (116426 t Erz mit 2,1 g/t ), weiter unten wird dann von 97,989 Tonnes mit 6,828 Unzen gesprochen.


    (The average grade of the mined ore was 2.1 grams gold per tonne for a total of 7,871 ounces gold placed on the leach pad for the month of April,
    aber:
    Tonnes of ore mined were 116,426 ore tonnes containing 7,871 ounces gold, tonnes of ore placed on the pad were 97,989 tonnes containing 6,828 ounces gold ) Sind nun im April 7871 oder 6828 Unzen in das Laugenfeld gekommen?


    Gefördert wurden im April 7871 Unzen, das Goldinventar im Laugenfeld hat um 2449 Unzen zugenommen, schlußendlich produziert wurden 2057 Unzen. Die fehlenden 3365 Unzen müssten noch sonstwo im Verarbeitungsprozeß stecken oder auf Erzhalden liegen.

  • Nevada Pacific Gold Ltd. WKN 929 971 ISIN CA6413981029 NPG

    Unterschied zwischen Roh- und (Fein)Unzen ist mir auch nicht klar. Ev. Verluste beim Goldscheiden.


    Nevada berichtet: the Magistral Mine produced 3,860 gross ounces of gold (3,747 ounces of gold, net of royalties)
    und
    During the six months to December 31st, 2004 a total of 7,065 gross ounces (6,822 ounces of gold, net of royalties)


    Das Verhältnis von Gross Ounce zu Unze ist hier verschieden ( 0,9707% bzw. 0,9656%)

  • Batavia Mining Ltd. WKN 813 531 ISIN AU000000BTV7 BTV

    Vor kurzem mal einen Blick auf Batavia geworfen, da der Kurs so im Keller lag.
    Sie versuchen derzeit über eine Kapitalerhöhung Geld zu kriegen, um mit dem Deflector Projekt ( Gold- Kupfer, M&I Ressourcen 255.000 Goldäquivalent mit 8,8 g/t Au-Äquivalent) weitermachen zu können.


    Aktien derzeit 180 Mio
    Kapitalerhöh 90 Mio (daneben noch 90 Mio Optionen, die zum Kurs von 5 Cent bis Mitte 2006 ausgeübt werden können; beim jetzigen Kurs von 2 Cent eher unwahrscheinlich )


    Wenn Kapitalerhöhung wie geplant gelingt, werden Explorationen weitergeführt, um Ressourcen zu erhöhen. In diesem Szenario werden 1,8 Mio AUD, also die gesamte Kaperhöhung benötigt.


    Wenn Kaperhöhung geringer ausfällt, müssen die Kapitalreserven geschont werden, die Explorationsaufwendungen werden beschnitten und man konzentriert sich auf metallurgische Testarbeiten.


    Brief project history
    The 2004 year for the Deflector Deposit has been both encouraging and disappointing, in regards to exploration success and inconsistent metallurgical response respectively.


    The Deflector Deposit is a gold-copper ore body, comprising three different zones of mineralogy, oxide, transitional and primary. Initial metallurgical test work on all zones completed in early 2004 was encouraging with good recoveries and as a consequence the Company proceeded with a bankable feasibility study. However in follow up testwork undertaken as part of the bankable feasibility study, the results could not be reproduced, with inconsistent recoveries being achieved for the different mineralogies. During this period the Company completed a large part of the bankable feasibility study but could not complete the process design and financial analysis components of the study because of the inconsistent metallurgical test work results.


    Significantly, after a reinterpretation of the Deflector Deposit resource model carried out in conjunction with the Company’s consultants a new resource was calculated in November 2004, which significantly reduced tonnage but increased grade resulting in only a small change in estimated contained metal.


    In the second half of 2004 the Company reviewed alternative treatment options for the oxide ore, including agitated acid leaching and heap leaching treatment processes. While preliminary metallurgical testwork was completed and indicated that technically these treatment options could be adopted, ongoing economic analysis has raised questions whether these alternative processes for the oxide zone were likely to be financially viable.


    Einige Fragefragen über dem Projekt. Ob es unter diesen Bedingungen überhaupt gelingt, die volle Kapitalerhöhung durchzuziehen? In einem Monat herrscht darüber Klarheit.

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

    [Blockierte Grafik: http://wwwi.reuters.com/comX/images/reuters.gif]


    Gold's Rise in Euro Terms May Signal Broader Rally
    Wed Jun 8, 2005 03:06 AM ET


    By John Parry and Zachary Howard
    NEW YORK (Reuters) - Gold prices may be about to benefit from both volatility in and a lack of confidence in several of the world's major currencies, with gold's price in euros a key indicator, analysts said.


    Gold, as a classic hedge against global investors' worries about inflation or geopolitical instability, was a beneficiary of the dollar's three-year decline through the end of 2004.


    Gold is priced on international bullion markets in dollars, and the precious metal has a tight inverse price correlation with the U.S. currency.


    The dollar has rallied so far in 2005, lifted mainly by rising U.S. interest rates, and gold prices in dollar terms have fallen by 3.2 percent.


    This month, however, gold prices have begun to rebound, even although the dollar has remained strong, and with the euro down more than 9 percent this year, some analysts are tracking the price of gold in euros as an indicator of demand for hard assets.


    On Tuesday, spot gold was trading at around $425 per ounce and gold in euros was at 346.40 (XAUEUR=R: Quote, Profile, Research) .


    "If gold breaks above 350 euros per ounce, that will signify the market is shunning ( meiden )all paper currencies," said Jes Black, hedge fund manager, with Black Flag Capital Partners LLC, Hoboken, New Jersey.


    If gold were to rise above that level "what you would see is a mad rush into gold. ... It could very well spark a very large rally in gold," Black said.


    The euro has come under under pressure this month after both France and the Netherlands voted against the proposed EU constitution in referendums.


    Between 350 and 355 euros per ounce, an area touched several times in the last three years, "is a very, very big resistance level," which if broken "would institute a good trading opportunity," said Jordan Kotick, global head of technical analysis with Barclays Capital in New York.


    Paul McLeod, vice president of precious metals at Commerzbank in New York, said he felt an initial break above 350 euros would not necessarily prove decisive, because resistance there was so strong.


    In recent years "gold has come a long way in U.S. dollar terms, but it has been in a relatively narrow range in euro terms between 300 and 350," he said.


    "I don't believe it's a breakout until we have a couple days solidly above 350, in which case my view would change and maybe we do have some good upside technical developments taking place," McLeod added.


    GOLD IN EUROS THE KEY


    Any sustained rise of gold above 350 euros might be the precursor of gold climbing significantly against the dollar also, especially if $450 is breached, currency analysts say.


    In dollar terms, "the key range highs are not till $450 to $455, that is still 20-plus dollars away," said Kotick.


    Meanwhile, the dollar remains strong, supported by higher interest rates in the U.S. than in Europe or Japan.


    But Asian currencies could attract some investment if China revalues the yuan , removing its peg to the dollar, and a weaker dollar would again provide support for gold prices.


    "Gold is starting to firm up against all the currencies. Technically, that is looking very good," said one metals broker at a futures commission merchant. "Keep an eye on gold at above 350 in euro terms," he said.
    http://www.reuters.com/newsArt…ryID=8727702&pageNumber=1

  • Golden Phoenix Minerals Inc. WKN 909 038 ISIN US3811491030 GPXM

    Bob Moriarty über GPXM:


    I suspect the kicker which gets all the moly companies moving will be when a junior actually takes advantage of the giant rise in moly prices over the last 18 months. It looks to me as if the project which will provide the flame will be the Ashdown project of Golden Phoenix Minerals. (GPXM-OTCBB $.205, 140 million shares fully diluted, website).


    GPXM has had some serious management problems over the past few years which drove the shares down to $.09 about two months ago. They seem to be under control with new management taking over and they have accomplished full funding for the project which contains rock with grades up to 7% moly or about $4000 per ton rock. Permitting and construction is taking place as I write with estimates of production starting as early as August. The company has an absurd number of shares outstanding but back of the envelope projections show a guesstimate of $30-$50 million dollars revenue for their 60% of the project yearly. The stock has easy 10-bagger potential and soon. [Blockierte Grafik: http://www.smiliemania.de/smilie132/00000116.gif]
    Aus:
    The bad news and the good news
    http://www.321gold.com/editori…iarty/moriarty060405.html


    Da hätte ich mich vielleicht bei 0,11USD ordentlich eindecken sollen. Aber die Fundamentals schienen mir so grottenschlecht.

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

    Mineweb am 30.Mai: "Harmony´s CEO Bernard Swanepoel, der nun an anscheinend endlose voreilige Medienberichte über die Gold Fields-Harmony Saga gewöhnt ist, hat vorher Medienberichte verneint, daß er den Harmony Anteil an Gold Fields verkaufen wird. "Der Anteil ist strategisch", hat Swanepoel deutlich gesagt. [Blockierte Grafik: http://www.smiliemania.de/smilie132/00000285.gif]


    Norilsk “does not want” it
    By: Barry Sergeant
    Posted: '30-MAY-05 16:08' GMT © Mineweb 1997-2004


    Harmony Gold CEO Bernard Swanepoel, who by now is accustomed to seemingly endless half-cocked media reports on the Gold Fields-Harmony saga, previously denied media reports that “he will sell” the Harmony stake in Gold Fields. “The stake is strategic,” Swanepoel has clearly stated.
    Aus:
    http://www.mineweb.net/columns/curve_ball/444979.htm

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

    Das geht aber schnell. Harmony braucht anscheinend schnell die Knete. 30 Millionen ADR, gleich 6,1% von GOld Fields bereits verkauft.


    Die große Krise, die steph für Gold Fields voraussah , ist aber noch nicht eingetreten.


    Was hatte Swanepoel vorher getönt, er werde selbst bei einem Scheitern lange Gold Fields Aktionär bleiben und ev. weiter aufkaufen.


    Harmony Quits Half Gold Fields Stake with Steep Loss


    By Resource Investor
    03 Jun 2005 at 09:03 AM EDT


    NEW YORK (ResourceInvestor.com) -- As expected and predicted Harmony Gold [HMY] has made short work of the scrip it had accumulated in the process of its failed hostile offer for Gold Fields [GFI]. Cash hungry Harmony announced on Friday that it had sold 30 million ADRs, or 6.1% of the shares out, in New York at $10.50 per share to realize $315 million.


    By our estimates the stock was offloaded at a discount of 5-6% to the weighted average price for the day. It’s not all that unusual in the circumstances given that Norilsk Nickel picked up its 20% stake in Gold Fields from Anglo American at a comparable discount.


    However the true picture is much bleaker. It can be taken for granted that most of the Gold Fields stock was tendered early in the transaction. By a very rough estimate the actual loss on the shares to Harmony investors was about 24%, or $75 million, on the 30 million sold. Based on what Harmony was willing to pay on 15 October 2004, the loss is a whopping $165.4 million.


    Indeed, it has turned out to be one of the most expensive de facto rights issues that will ever be seen in the mining industry.


    The shares were sold via a book building exercise led by HSBC, Harmony’s principal advisor through the hostile takeover bid.


    The real cost aside, the move offers some belated revenge for Harmony which has now deprived NorNickel of easily and cheaply consolidating control over Gold Fields. At the same time, the transaction has walloped Gold Fields in Johannesburg and portends a bad opening in New York.


    Gold Fields shares fell more than 7% on the JSX at one point, but have recovered and are showing a 5-6% loss.


    Harmony CE Bernard Swanepoel continues to forecast a breakup of Gold Fields which he told Retuers will give him time to mull how to dispose of the remaining shares. Clearly he is also using the overhang for leverage knowing that it will hamper the Gold Fields stock price until it is cleared. Also, Gold Fields will continue to be affected by uncertainty over the status of shares sold via the New York book build since hedge funds were likely to have been significant buyers.


    Harmony spokesman Brenton Saunders confirmed to I-Net Bridge on Friday that NorNickel has approached it to acquire the remaining 5.4% of Gold Fields that it holds.


    He also confirmed that recent strengthening in the rand per kilogram gold price – the unit cost for South African gold mines – has come to late to avoid a massive retrenchment programme that could affect up to 12,000 workers.


    Harmony will need the proceeds of the stock sale to fund its operating deficit as well as to pay for development of its offshore operations, specifically the Hidden Valley Project in Papua, which should alleviate (erleichtern) help a desperate situation. [Blockierte Grafik: http://www.smiliemania.de/smilie132/00000116.gif]


    Meanwhile, NorNickel has accepted the invitation from Gold Fields to nominate two non-executive board members.
    http://www.resourceinvestor.com/pebble.asp?relid=10273

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

    Prüfungsgesellschaft KPMG hat den eingeschränkten Prüfungsvermerk des letzten Halbjahresberichts offiziell zurückgezogen.


    Es bestehen daher keine Bedenken seitens der Prüfer mehr, daß Roodepoort Rocket ausreichende Geldmittel hat. :))


    TO DA MOON !



    DRDGOLD Limited
    (Formerly Durban Roodepoort Deep, Limited)
    ISSUE BY KPMG INC. OF US GAAP OPINION
    Shareholders are referred to the report to shareholders for the six months ended
    31 December 2004, published on 24 February 2005, which drew attention to certain
    circumstances that, if they were to arise, may have had an adverse impact on the
    ability of the company and its subsidiaries, associates and joint venture (`the
    group`), at that time, to continue as a going concern, as well as to the
    modified review opinion issued by KPMG Inc. as a consequence of the existence of
    a material uncertainty in this regard.
    DRDGOLD is pleased to announce that, on 1 June 2005, KPMG Inc. issued an
    unmodified review opinion on publication of DRDGOLD`s US GAAP results for the
    six months ended 31 December 2004 on the basis that:
    - on 18 March 2005, R38 million was received, in aggregate, from Consolidated
    African Mines Limited and JCI Limited in respect of an outstanding legal
    dispute;
    - on 22 March 2004, application was made and granted for the provisional
    liquidation of Buffelsfontein Gold Mines Limited (`Buffelsfontein`),
    thereby eliminating DRDGOLD`s exposure to future losses that were expected
    to be generated by this operation;
    - on 7 April 2005, DRDGOLD entered into a subscription agreement with Baker
    Steel Capital Managers LLP on behalf of its clients (`the BSCM clients`),
    pursuant to which 17 million new DRDGOLD shares were issued to the BSCM
    clients on 24 May 2005, at an issue price of R5.50 per new DRDGOLD share,
    for an aggregate consideration of R93.5 million (before expenses); and
    - on 5 April 2005, DRDGOLD entered into an underwriting agreement with
    certain underwriters (`the underwriters`), pursuant to which DRDGOLD has
    raised R86.9 million (before expenses) through the conditional allotment to
    the underwriters of 15 804 116 new DRDGOLD shares (`the claw-back shares`)
    at a subscription price of R5.50 per share. The claw-back shares are to be
    offered to DRDGOLD shareholders in terms of a claw-back offer, details of
    which were contained in an announcement published on Thursday, 26 May 2005
    on the Securities Exchange New Service of the JSE Securities Exchange South
    Africa.
    The board of directors of DRDGOLD is of the view that the liquidation of
    Buffelsfontein, together with the receipt of cash from the abovementioned
    sources and the cash generated by the group`s offshore assets should be
    sufficient to meet DRDGOLD`s cash requirements in the short- to medium-term.
    Johannesburg
    2 June 2005

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

    REFERENDUMSAUSGANG


    Euro stürzt ab


    New York - Nach der Ablehnung der EU- Verfassung in den Niederlanden ist der Euro am Abend auf ein neues Acht-Monats-Tief zum Dollar gefallen. Die Gemeinschaftswährung sank Reuters-Daten zufolge auf 1,2211 Dollar, nachdem eine erste Prognose eine deutliche Mehrheit gegen die Verfassung zeigte. Bereits nach dem negativen Ausgang des französischen Referendums am Sonntag hatte der Euro Verluste hinnehmen müssen.
    http://www.spiegel.de/wirtschaft/0,1518,358628,00.html


    Bei 1,2211 von einem Absturz zu reden ist übertrieben. Inzwischen ist der Euro schon unter 1,2181.