Beiträge von Kuddel

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

    Info meiner Depotstelle:


    Der Handel der CDIs (Chess Depository Interests) von DRDGOLD LTD wird an der Börse in Australien am 20.7.2006 eingestellt.


    Diese werden 1 : 1 in Aktien der DRDGOLD LTD an der Börse Johannesburg umgetauscht und sind dann für ca. 4 Wochen gesperrt.


    Kuddel

  • Tritton Resources Ltd. WKN A0B 82N AU000000TTT3 TTT

    Straits Resources Ltd. (SRL) halten jetzt 58 % des Aktienkapitals von Tritton (TTT) und wollen 90 % erreichen, um ein Delisting von TTT zu erreichen.


    SRL bietet eine Barabfindung von 0,51 AUD (Kurs von TTT ist aktuell 0,55 AUD) oder Umtausch in SRL im Verhältnis von 7,5 : 1 (bei einem aktuellen Kurs von SRL von 4,12 AUD entspricht das 0,55 AUD für 1 TTT Aktie).


    Also, ich denke da ist mehr drin.


    Abwarten und Tee trinken.


    Kuddel. :O

  • AngloGold Ashanti -- AU, ANG (NYS, JSE)

    Posted to the web on: 17 July 2006


    SA gold miners look further afield for prospects even as price hits new highs
    --------------------------------------------------------------------------------
    Charlotte Mathews


    Resources Editor


    ANGLOGOLD Ashanti’s announcement last week that a higher gold price would enable it to consider a R3,4bn expansion at mines in SA is typical of South African gold miners’ capital projects in the current boom.


    Apart from the Burnstone Gold Project, being developed by an offshore-listed company, no substantial new South African mines have been given the green light in the past two years, despite the strong gold price. Most recently approved projects are extensions to existing operations.


    This is mainly because the Wits Basin has been well explored for minerals in the past 100 years, and shallower, high-grade deposits have been exhausted.


    RMB Asset Management analyst Richard Simpson said it was easier for gold producers to look outside SA for shallower deposits that were quicker and less expensive to develop than a mine 4km deep or deeper in the Wits Basin. Developing a deep-level mine in SA could cost R6bn-R10bn and take 12 years to bring into production. It was also questionable whether shareholders would have an appetite for that level of investment.


    Although the gold price of R145000-R148000/kg had rendered more mine extensions economically viable, Simpson doubted whether it would reverse the long-term trend of declining gold production in SA, which was due mainly to the depletion of resources.


    Since 2003, according to Chamber of Mines figures, SA’s first-quarter gold production declined from 2,6-million ounces to 1,8-million ounces.


    There are only three major “new” mines in SA, approved many years ago, and still building up to full production: the Western Areas/Barrick Gold South Deep mine; AngloGold’s Moab Khutsong mine; and Harmony’s Target mine, which is an extension below the old Loraine mine.


    The newest gold mine is the Burnstone Gold Project near Balfour being developed by Canadian-listed Great Basin Gold, which recently recruited Ferdi Dippenaar from Harmony as its CEO. It envisages a mine producing 214000oz of gold a year for 14 years, and costing about R1bn to develop. Great Basin is at the stage of applying for the necessary mining permits and undertaking preproduction activities.


    AngloGold, Gold Fields, Harmony and DRDGold have all announced recently that they are close to making decisions on mine extensions. Mine extensions make sense if they offer relatively high grades of gold, to offset the higher operating costs of deep mines, and if they extend the life of existing mines.


    AngloGold said it would go ahead with the Zaaiplaats project at Moab Khutsong to extend the life of the mine by five to six years, as well as deepening its Mponeng mine to 4km from 3,5km to extend the life of the mine by six or seven years. The group is also close to shaft sinking for the deepening of its Tau Tona mine, a project approved two years ago.


    Gold Fields said in May it would soon make a decision on a $150m extension to its Kloof mine and a $300m extension at Driefontein. Harmony is expected to make a decision in the next year on whether to develop a new mine at Target North at a cost of R5bn-R7bn, but the mine would come into production only in about 14 years’ time.


    DRDGold also announced in March that it would revive the Argonaut project, a southern down-dip extension of the Central Witwatersrand Goldfield, between the group’s East Rand Proprietary Mine in the east and Durban Roodepoort Deep mine in the west.


    The area was previously mined to a depth of between 1,8km and 2,5km, and the Argonaut project would mine to as deep as 5km to reach gold with a grading of 8,5g/ton.

  • Das neue Südafrika

    Jetzt wird auch langsam Mboweni wach. :O




    Mboweni hints at rates hike


    By Gordon Bell


    South Africa's deficit on the current account widened to its worst level since 1982, data showed yesterday, knocking the rand to a 2 1/2-year low and suggesting that interest rates will have to rise again.


    Mboweni said he was "concerned" about the shortfall on the country's broadest measure of trade, which swelled to 6.4 % of gross domestic product (GDP) in the first quarter from 4.5% in the previous quarter.


    Strong domestic demand, robust credit growth and high oil prices all conspired to boost imports and push the current account deficit to a record R103.1 billion in the first quarter, the bank's June quarterly bulletin showed. That news knocked the rand 3.5% lower to 7.41/dollar - its weakest level since January 16, 2004.


    Its rapid descent backed perceptions inflation would climb, forcing the central bank to raise interest rates again after its surprise decision to hike its key repo rate by half a percentage point to 7.50% on June 8.


    "There may be some major inflationary consequences down the road and strong import demand may also have some unintended consequences for domestic production," Mboweni told parliament's finance committee.


    "Which means that something is wrong in the economy encouraging all this conspicuous consumption that is taking place ... and that thing that might be wrong is that money is too cheap."


    Bank shares tumbled more than 3% while some retailers dived by 3.6%. Government bonds also took a beating, with yields on the most traded R153 bond due 2010 climbing by 14 basis points to 8.23%.


    "My feeling is that more interest rate hikes are on the cards, the central bank has no choice ... the trend is in place, further rand weakness lies ahead," Brait economist Colen Garrow said.


    Concerns over the ballooning current account gap had already piled pressure on the rand during a rout of emerging market currencies over the past month, which knocked the unit about 15% weaker in the year so far.


    To date the deficit has been amply covered by inflows on the financial account, but a drop in foreign buying of domestic equities over the past month has fuelled concern there will be less support from that area.


    During the first quarter of 2006 capital inflows - particularly portfolio investments into domestic equities - continued to finance the current account shortfall, the central bank's bulletin showed.


    But other data highlighted South Africa's deteriorating export performance, which has been blamed on sustained strength in the rand currency after its descent to a record low of 13.85/dollar in December 2001.


    In volume terms exports fell by 5% in the first quarter of 2006, while imports rose by 3.5%, matching an "accelerated pace" in domestic spending.


    "We still see significant inflows into the economy which finance the current account deficit," Mboweni said.


    "(But) I'm still concerned (about) a current account deficit of more than 6% of GDP ... There is an imbalance here."


    Mboweni highlighted high levels of household debt, which jumped to a record 68% of disposable income in the first quarter of 2006 from 65.5% in the fourth quarter.


    Economists said the trade backdrop and current account deficit was likely to improve as the weaker rand boosts the competitiveness of domestic exports.


    "This could translate into a need for further monetary
    policy tightening in the near term," Absa economist Monale Ratsoma said.


    "However the recent depreciation in the rand could support exports and result in an improvement in the trade balance."


    Published on the web by Cape Times on June 23, 2006.

  • Das neue Südafrika

    @ Valueman


    Sehe ich auch so.
    So schnell habe ich den Rand noch nie fallen sehen. Es sieht fast so aus, als wären die Spekulanten raus gegangen (muss mal den nächsten Bericht der Notenbank abwarten).


    Soviel kenne ich als Einflußfaktoren:
    man erwartet eine Abschwächung des Wachstums (zwischen 4-5 % statt 6 %) und eine Erhöhung der Inflationsrate (so um die 6 % statt 4-5 %). Das drückt den Speks gleich aufs Gemüt.


    Ich sehe so langsam Licht am Horizont für die SA-Minen.

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

    Harmony schemes for Western Areas


    By Stewart Bailey


    Johannesburg - Western Areas might buy the three best gold mines of its largest shareholder, Harmony Gold Mining, as a first step to creating the world's seventh-largest producer, Harmony chief executive Bernard Swanepoel said yesterday.


    Western Areas was investigating buying Harmony's Target, Tshepong and Phakisa mines, said Swanepoel, who is also a director of Western Areas. The company may also bid for the other half of the world's largest gold deposit, South Deep, which it jointly owns with Toronto-based Barrick Gold.


    "They've engaged us formally on that," Swanepoel said yesterday. "Western Areas' endgame could be to merge the whole of South Deep into that company to create a South African company with high quality, long-life assets."


    Swanepoel has presided over eight quarterly losses out of nine at Harmony and failed last year to buy larger rival Gold Fields. Selling his best assets in exchange for Western Areas stock to raise his 30 percent stake would give him control of potentially some of South Africa's most profitable and long-life mines at a time when producers are struggling to replenish reserves.


    "I like it, the idea's a good one," said Wayne McCurrie of Advantage Asset Management. "Getting control of South Deep would certainly improve Harmony's overall profile."


    Western Areas shares rose 2.6 percent to R39.50, while Harmony's gained 6.7 percent to R96 on the JSE yesterday. The gold mining sector was up 6.22 percent.


    Western Areas was involved in "exploratory" talks about its future, including possible acquisitions, said chief executive Gill Marcus, without giving details. The company is being advised by Investec.


    "We're looking at a number of options open to us and what will benefit our shareholders," Marcus said. "There are a range of issues, including the one which Bernard [Swanepoel] raises about Harmony's high quality assets."


    Should it pursue that option, Western Areas management will need to persuade Gold Fields, which owns 15.5 percent of the company's stock, of its plan to cede control to Harmony. Gold Fields has proposed quicker development of South Deep's second phase from its neighbouring Kloof mine.


    Barrick also has the right to buy the rest of South Deep if there is a change in control at Western Areas.


    "Normal behaviour for a shareholder that doesn't agree with a strategy is to put their stake up for sale and that goes for us and for Gold Fields," Swanepoel said. "I'd be surprised if common sense doesn't prevail here and if a big shareholder, or a partner, is obstructive."


    Gold Fields would "consider any proposal" put to it by Western Areas, said spokesperson Willie Jacobsz.


    An enlarged Western Areas could produce as much as 2 million ounces a year within five years, Swanepoel said, with 1 million ounces from South Deep and the rest from Harmony's three mines.


    Harmony left Western Areas' management to discuss its strategy with Barrick, he said.


    The mines remaining in Harmony would have "good cash-generating ability and a good growth profile", Swanepoel said. - Bloomberg


    Published on the web by Business Report on June 21, 2006.

  • Das neue Südafrika

    Gute Nachricht für die SA-Minen. Wenn's denn dabei bleibt, wird jetzt wieder gutes Geld verdient.



    Posted to the web on: 20 June 2006
    Rand crosses R7/$ threshold
    I-Net Bridge
    --------------------------------------------------------------------------------
    Related Links


    Rand flirts with R7/$, gold dips

    THE rand broke above the key R7 to the dollar level for the first time in over two years early this morning driven by continued dollar strength as well as weakness in emerging market high yielding currencies. Exporters were not yet in the market to cap the rand’s losses.


    In early trade, the rand was bid at R7,0124 per dollar from an overnight close of R6,9776. It was bid at R8,8269 to the euro from a previous R8,7936 and at R12,9250 against sterling from yesterday’s R12,8400.


    The euro was bid at $1,2579 from $1,2573 late yesterday, while gold was quoted at $570,95 a troy ounce from a previous $565,60/oz.


    ETM market analyst George Glynos said that the rand was being driven by the same factors as yesterday, namely weakness in emerging market currencies and a strong dollar. While off their lows, soggy commodity prices were also playing a role. He said that commodity currencies had been on the back foot earlier this morning due to lower commodity prices.


    While they had since bounced in line with commodities, they were still on a weaker trend and commodities were seen retreating further in the next few weeks.


    "I don’t think exporters have come into the market in a big way yet. Late morning, we can expect exporter activity to pick up," he said.


    "As levels above R7 become more entrenched, we can expect to find exporters taking advantage."


    Glynos said that given today’s lack of data or events, it was likely to be a consolidative session, with the rand trading in a R6,97 to R7,05 range.

  • Crew Gold Corp. WKN A0B L46 ISIN CA2265341057 CRU

    Das Management ist schon wieder kräftig am kaufen (siehe diverse Meldungen Crew Gold Corporation: Notification of Trade).



    Goldmann Sachs hingegen hat nach der nachstehenden Meldung 5,31 % seines wohl bis dahin gehaltenen Anteils von 18,47 % verkauft:


    Crew Gold Corporation and The Goldman Sachs Group, Inc.: Early Warning Report and Press Release
    Thursday June 15, 4:06 pm ET


    NEW YORK, NEW YORK--(CCNMatthews - June 15, 2006) -


    EARLY WARNING REPORT AND PRESS RELEASE
    Report Pursuant to SECTION 111 OF THE SECURITIES ACT (BRITISH COLUMBIA)
    SECTION 101 OF THE SECURITIES ACT (ONTARIO)
    NATIONAL INSTRUMENT 62-103
    1. Name and address of the offeror


    The Goldman Sachs Group, Inc. ("GS Group"), 85 Broad Street, New York, NY, 10004


    Goldman, Sachs & Co. ("GS & Co."), 85 Broad Street, New York, NY, 10004


    GS Group and GS & Co. are hereinafter referred to collectively as the "Offeror".


    2. The designation and number or principal amount of securities and the offeror's securityholding percentage in the class of securities of which the offeror acquired ownership or control in the transaction or occurrence giving rise to the obligation to file the news release, and whether it was ownership or control that was acquired in those circumstances.


    The Offeror did not acquire ownership or control of any securities of Crew Gold Corporation (the "Company") in the transaction that gave rise to the obligation to file the news release. The obligation to file the news release arose from the following change in material fact included in the news release and report filed by the Offeror on January 13, 2006.


    Since January 13, 2006, the Offeror has sold all of common shares of the Company (the "Shares") owned and controlled by the Offeror, resulting in the Offeror's security holdings in the Company being limited to holding five-year senior unsecured convertible bonds (the "Convertible Bonds") convertible at the option of the Offeror into 19,954,545 Shares representing approximately 5.31% of the issued and outstanding Shares on a partially diluted basis (where the Shares issuable on the conversion of the Offeror's Convertible Bonds are deemed to be outstanding Shares of the Company, but no other Shares issuable on the conversion of convertible securities held by persons other than the Offeror are deemed to be outstanding).


    Voller Artikel:
    http://biz.yahoo.com/ccn/060615/200606150333655001.html?.v=1

  • Silber Companies - Liste und Neues

    Wer direkt in Kanada handelt, kam wenigstens nicht in Versuchung in das "fallende Messer" zu greifen, da der Handel schon seit einigen Tagen ausgesetzt ist (ich war doch schon fast ín Versuchung).


    Siehe Meldung:


    Market Regulation Services - Trading Halt - Yukon Zinc Corp. - YZC
    Monday May 15, 3:12 pm ET


    VANCOUVER, May 15 /CNW/ - The following issues have been halted by Market Regulation Services (RS):


    Issuer Name: Yukon Zinc Corp.
    TSXV Ticker Symbol: YZC
    Time of Halt: 14:51 EST
    Reason for Halt: Request of Company Pending News

  • Das neue Südafrika

    Posted to the web on: 16 May 2006
    Rand dives as emerging markets take pounding
    Ayanda Shezi
    --------------------------------------------------------------------------------

    Economics Correspondent


    THE rand slid to five-month lows against the dollar yesterday, dragged down by international investors’ rapidly cooling sentiment towards emerging markets, which also saw the JSE fall more than 3%. The rand lost as much as 3,2%, to R6,50 to the dollar, its lowest level since December.


    Analysts said yesterday rand weakness was not expected to last long, as the currency was likely to recover on the back of strong precious metals prices.


    However, volatility in the currency markets is expected throughout the week.


    Finance Minister Trevor Manuel, speaking yesterday at the African Development Bank’s annual meeting in Ouagadougou, Burkina Faso, warned that fluctuations in commodity prices were a “potential source of volatility”.


    “I’m not a harbinger of doom, but I think you’re going to see these types of incidents,” he said.


    “There is no cause for skittishness,” Manuel said. “Our economic fundamentals are sound.”


    The rand sell-off was sparked by the US Fed’s decision to increase interest rates last week, prompting investors to plough their money into dollar-denominated assets, analysts said.


    The fall in the rand is not good news for SA’s inflation outlook, given the volatility in oil prices.


    Analysts said the sell-off was likely to be temporary as fundamentals supported a weaker dollar and higher commodity prices.


    “At this stage, rand weakness is attributable to short-term factors, but could reach R6,60-R6,70 against the dollar before reversing back to the R6 level,” said Absa treasury economist Chris Hart.


    The local currency also fell sharply against the euro (2,5%) and pound (2,3%), ending the day at R8,30 and R12,12 against the two currencies, respectively.


    Rennies Bank’s Lee Naisbitt said emerging markets with high current account deficits, such as Turkey and SA, were vulnerable to a change in sentiment.


    Investor aversion to emerging market assets might make it harder for these countries to finance their current account deficits.


    “This would explain why the rand has failed to respond to the impressive performance of commodity prices, precious metals in particular, and could weigh on the currency through the week ahead,” Naisbitt said.


    “Emerging market fears raised the general level of risk aversion, and sentiment towards the rand soured.”


    SA’s current account deficit on the balance of payments widened to 4,2% of gross domestic product (GDP) last year, and although capital inflows into the country rose to a record last year, there are worries that SA may not be able to attract a similar amount this year.


    “Market participants are also pointing fingers at the host of corporate deals that are taking place, where local companies are looking to expand offshore through acquisitions,” said Naisbitt.


    The Turkish lira, Indonesia’s rupiah and the Brazilian real were among currencies affected in the emerging market sell-off, sending equity markets in those countries into turmoil.


    “Price movements in the local currency are unlikely to go unnoticed by monetary authorities, who remain vigilant for factors which undermine the inflation target,” Brait economist Colen Garrow said. “Any protracted period of currency weakness may be met by more than moral suasion.”


    The Reserve Bank has said monetary policy bias is towards an increase in rates, rather than a cut.


    The JSE followed global equity markets down yesterday, with the all share index dropping 3% to 21084. Gold and platinum shares together lost almost 8%.


    Claims by the Saudi Arabian oil minister that the Organisation of Petroleum Exporting Countries (Opec) was increasing capacity enough to meet demand also helped push prices lower.


    Yesterday, Brent crude was 2,5 % lower, at $70,50 a barrel. Markets are expected to open softer today.
    With Bloomberg


    Quelle: http://www.businessday.co.za/a…tories.aspx?ID=BD4A200502

  • Gibt es Tantal-Minenaktien ?

    GIP ist sehr volatil:


    Date Last %Change High Low Vol *
    28 Apr 2006 0.135 -10% 0.145 0.135 30,000
    27 Apr 2006 0.150 3.45% 0.150 0.150 6,500
    24 Apr 2006 0.145 0% 0.145 0.145 35,000
    21 Apr 2006 0.145 -14.71% 0.160 0.145 707,050
    20 Apr 2006 0.170 6. 25% 0.170 0.170 10,000


    ... und hat rd. 43,7 Mio Optionen zu 9 cents bis 31.12.2007.

  • Perilya Ltd. WKN 876 505 AU000000PEM8 PEM

    Bei 1,60 A$ konnte man zugreifen. Aber bei über 3 A$ ??


    PEM hat insgesamt über 190 Mio. Aktien und rund 7 Mio. Optionen mit einem Optionspreis zwischen 0.45 A$ und 1.80 A$, Ausübungszeitraum zwischen 2006 und 2014.


    Das Kursziel von Siegel ist mehr als erreicht.

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

    Neue Besen kehren gut ??


    Emperor Mines Limited is pleased to announce the appointment of Brad Gordon as an Executive Director and Chief Executive Officer.
    The appointment follows the recent finalisation of Emperor’s US$237 million acquisition of DRDGOLD’s Papua New Guinea (PNG) assets, comprising a 20% interest in the Porgera Joint Venture (Porgera), a 100% interest in the Tolukuma Gold Mine, and all of DRDGOLD’s exploration tenements in the country. Combined with Emperor’s continuing operations at Vatukoula Gold Mine in Fiji, Emperor is now one of the largest gold producing companies listed in the Australian Stock Exchange.


    Volle Meldung:


    http://sa.iguana2.com/cache/90…f4f4b1/ASX-EMP-408885.pdf