Beiträge von Tambok

  • Batavia Mining Ltd. WKN 813 531 ISIN AU000000BTV7 BTV

    man darf ab und zu mal optimistisch sein:

    Ausgabekurs für die Jungen 0,040 ASD und

    1 Gratisoption per 30.06.06 auszuüben bei 0,050.


    Solange keine Cangoroo-Seuche ausbricht,

    ist das sowas ähnliches wie eine "Gewinnausschüttung".


    Im Okt. werden neue Bohrergebnisse bekanntgegeben.

    Timing ist keine Hexerei.

    Die Verwendung der KapErh-Mittel für Uran-Exploration.

    Nicht mein Geschmack; aber manche mögens heiß.

    Die Gold-Assets sind allererste Sahne. Die werden alles wieder rausreißen.



    Optimistisches Szenario, mit Vorsicht inhalieren
    ======================================

  • Crystallex International Corp. WKN 890 729 CA22942F1018 KRY

    Tschonko,

    B. Traven hatte keinen Vornamen und der Nachnamen

    muß rückwärts gelesen werden (Nevart).


    Aber Hugo ist Hugo. Da helfen keine Verträge.

    "wie eine Träne im Ozean"


    Eldo,

    es mag ja richtig sein, daß Hugo den Tequilla mit

    Brennspiritus gelängt hatte. Aber die Herrschaften

    mit Ausblick auf die Mainzer Landstr. müssen damit

    umgehen. Und Du solltest bedenken, was die

    tuen oder vielmehr lassen müssen.


    Venceremos

    Patria ou muerto

    Tequila mit Zitrone und Salz!

  • Batavia Mining Ltd. WKN 813 531 ISIN AU000000BTV7 BTV

    Batavia heute Schluß bei 0,049 ASD.

    Dann kam die Ankündigung KapErhöhung 1 Neue für 4 Alte

    zu 0,040 plus Gratisoption.


    Die KapErhöh ist gezeichnet, d. h. die Konsortialbank

    übernimmt alle jungen Aktien, die die Altaktionäre

    nicht wollen.


    Bei einem Explorer muß man immer vorsichtig sein;

    aber mir gefällt das sehr.

  • Herbst der offenen Hausse (PoG 600)

    so ist das nunmal.

    Die einen sagen, daß die Randgold Resources-Anteile

    von den Kebbles verkauft wurden. Nix mehr da!


    Und die anderen sagen, es gibt soviele Anteile,

    daß als Konzern bilanziert werden muß.


    erst Offene Hausse, dann SansCulottes und zuletzt Guillotine.

  • Juniors aus Kanada

    ich hatte mich damals beim lesen der Bilanz gefragt,

    von wem das Erz für die Lohnmüllerei stammt.


    Wer Milch hat, braucht auch was festes zum beißen.

    Es sei den weisen Hirten gegönnt!

  • Juniors aus Kanada

    TVI.TO... endlich mal News, die mit der Frischmilch-Kantine vor der Mine, Tambok



    Das schönste bei den Drill-Ergebnissen ist der Satz:

    Die Anwesenheit von Raubgräbern beweist, daß

    es noch andere erzreiche Stellen gibt

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

    aus MiningMX vom 21.09.05

    u. a.mit Ausführungen zu Papua- u. Austra--Aktivitäten



    No regrets for Harmony's Swanepoel - Part II
    ===================================



    Posted: Wed, 21 Sep 2005
    [miningmx.com] -- Earlier this week, Miningmx published part one of a post-bid interview with Harmony Gold CEO Bernard Swanepoel. Here is the second and final part of the interview:



    David McKay: I understand that you’ve had to restructure management as well?


    Bernard Swanepoel: Well, the focus that we have tried to put into Harmony is that the different types of assets clearly have got different management needs. You know it’s very difficult to be schizophrenic such that you go from the future to the present to the past all in one day. It’s very difficult to be with the design team of the mine that you want to build and then you go back to a shaft in harvest mode where the focus is on cost reduction.


    As a result, we’ve split or grouped our assets under the watch of senior managers such that the so-called ‘growth shafts’ are grouped under Bob Atkinson; the Australian operations are grouped under Graham Briggs; and the ‘quality assets’ or higher margin, longer life assets fall under Philip Kotze. Peter Steenkamp looks after Harmony’s marginal assets.


    What we expect of our executives now is a consistent focus on a type of orebody as opposed to the schizophrenic behaviour where I’m cost obsessed in the morning and excited about the future at night. However, we do employ a few schizophrenic guys!


    David McKay: How do you respond to criticisms that the company, focused on South Africa’s mature gold mining industry, is ex-growth?


    Bernard Swanepoel: There are two components to this answer. The first is that of fast decreasing South African gold output. The other is that in such a business environment, the pressures to conduct consolidation will eventually outstrip the ego issues between the management of gold companies. In other words, the environment that has made it tough for us in South Africa is the environment that will force further consolidation.


    At the moment, the co-operation between companies is in areas such as health services, but it may be in the area of procurement in the future. Ultimately, there comes a time when ‘your toys and my toys’ are no longer viable separately; but together, they can be viable.


    If you have no South African baggage; if you have no anti-South African sentiments, and you don’t have geographic diversification as your main corporate strategy, then you’re likely to be a catalyst in South Africa’s gold mining consolidation. Harmony has played that role unashamedly for 10 years.


    Having said that, we aren’t so patriotic that we refuse to do business outside South Africa. We’ve established a very profitable production base in Australia making R140 million in the year under review. Our Australian base has also helped us launch real exponential growth potential in Papua New Guinea in the form of the Hidden Valley mine and Wafi mine gold projects.


    David McKay: By most reports, the topography and political climate of PNG make it very difficult to mine there. Comments?


    Bernard Swanepoel: On the issue of topography in the PNG, we use the word ‘rugged’. Certainly, the PNG’s rugged topography contributes to infrastructure costs. But some of the world’s best mines are so high in the mountains that you and I would have difficulty operating with so little oxygen.


    Harmony’s projects in the PNG are not at high altitude but they are in underdeveloped mountainous territory. But since we’ve got long-term plans for the region we have deemed it necessary to build a good road upfront. Once you’ve built the road, then topography loses a lot of its relevance.


    I respect the outside world’s view of PNG’s politics. But our experience with PNG has been very positive. It is a country doing its damndest to re-invent itself and to play by democratic rules. The country has upgraded its legislation in terms of mining rights, environmental issues, and community participation. In fact, it’s interesting how its legal and political environment is similar to South Africa’s.


    David McKay: Returning to long-term strategy, can you share some views on whether your company will seek another big bang merger?


    Bernard Swanepoel: The bid for Gold Fields was completely opportunistic. As much as Gold Fields’ mines sat comfortably on our radar screens, the entity as a whole was put in play through an ill-considered bid for Iamgold. But our preferred means of growth is through acquisitions where you take control of the asset and establish good knowledge of the asset and its costs through a proper due diligence.


    David McKay: Here’s one from left field: have you given thought to diversifying along commodity lines?


    Bernard Swanepoel: We’ve had good board discussions on this and certainly as long as there’s the gold premium phenomenon, it’s a very touchy subject.


    If, for instance, we were to take over a platinum mine that makes as much money or generates as much revenue as Harmony as a whole, it’s quite possible you would still destroy value even if you were to buy that asset at fair value. That’s because it would no longer attract a so-called gold premium. Hence the overall value of one plus one makes less than two.


    However, there’s enough studies – some of them commissioned by Harmony – to show that a gold company can tolerate a certain level of diversification before this gold premium gets threatened. One view is that gold companies that have 20% to 30% of non-gold revenues can still be seen as a gold company.


    Harmony’s non-gold revenue is zero. However, the PNG project, Hidden Valley, will derive 20% of total revenue from silver. Harmony will therefore become a silver producer of significance two years from now. And if we were to proceed with the Wafi project in the PNG, then copper would become a significant product of Harmony’s.


    David McKay: Some fund managers benchmark the importance of gold companies on size of market capitalisation, or gold production, two criteria on which Harmony has slipped recently. Thoughts?


    Bernard Swanepoel: Size and market cap does correlate to overall value. There certainly was a time when there was a very strong correlation between size and value, bigger companies’ ounces were valued higher than smaller companies. The bigger you are the more you can spread your overheads, and the bigger stake an investor can take within his own mandate as well.


    At a market cap of US$3.5 billion, Harmony is 50 times bigger than what it was 10 years ago in dollar terms. Nonetheless, we’ve always supplemented our lack of size with high liquidity in our shares. Harmony is regularly the most liquid gold stock in the world with a 250% to 400% turnover per year. The point is a US$3.5 billion company with 400% turnover looks as big to the investor as a $14 billion company with 100% liquidity.


    David McKay: Just as a point of record what is sustainable gold production for the new financial year?


    Bernard Swanepoel: Our plans add up to just over 2.9 million ounces which includes 270 000 ounces from Australia.


    David McKay: On the black economic empowerment front in South Africa, have you had your new order licences approved; if not, what’s still outstanding?


    Bernard Swanepoel: Harmony was the first mining company to get licences approved. In October 2004, Harmony submitted the remaining licence applications with the exception of our Free State licence which is now in the process of being submitted.We are really just now in a queue which I am told is a few hundred applications long. Given that Harmony’s first few licences were approved, I can’t see that we will run into problems. I believe the licensing process is practically done from our perspective.


    David McKay: What’s your assessment of our position in the gold market cycle. Do you see the gold price reaching $750 per ounce as suggested by some?


    Bernard Swanepoel: By definition, I’m a gold bull, like most of my shareholders. That’s great, as I need to convince them that they should make investments on which we will make returns in five, 10, 15 years. That’s how you build a new generation of mines.


    But I can’t allow the same level of optimism in operational planning, however. There are potential negative factors for the dollar gold price. And as a South African company we’ve got our own dynamics. The factors that would make the dollar gold price go up could be the same factors that would make the rand strengthen. So I want my managers to operate mines that can break even in a more conservative set of assumptions.


    David McKay: In three to five years’ time what kind of company do you expect Harmony to be?


    Bernard Swanepoel: Harmony will be busy building its second very successful mine in PNG. Hidden Valley will be a world class mine. On the back of Hidden Valley, we will have the confidence and the capital to embark on the Wafi gold/copper mine.


    Harmony will have played a major role in the further consolidation of South Africa’s gold industry. But even in the absence of consolidation, Harmony’s South African production will be over 3 million ounces per year. Our cash costs will be continuously dropping from the R75 000/kg that we see in the foreseeable future.


    We certainly would have topped up our organic growth with a decent amount of further acquisitions both in South Africa and outside the country.


    Certainly, Harmony will be closer to 5 million ounces per year than to 3 million ounces – a world class company that will continue to be unhedged. We will unashamedly be proudly South African, but not exclusively so.

  • Juniors aus Kanada

    Den Hugo werden Bush/Rumsfeld töten.

    Aber schaut Euch die Bilder von New Orleans an.

    Und New Orleans liegt in den USA

    Venezuela ist noch etwas exponierter.


    Bürgerkrieg ist angesagt.


    Tambok

  • Herbst der offenen Hausse (PoG 600)

    Grüß Dich, Hpoth,

    Die JCI wurde vom Handel an der Johannisburger Börse

    ausgesetzt, weil JCI bis zum Stichtag keine testierten

    Bilanzen eingereicht hatte.


    Was materiell dahintersteckt weiß keiner.


    Schlimmstenfalls sind die total überschuldet

    und die Geschäftsleitung hat die Aktien der


    Tochtergesellschaften veruntreut.


    Bestenfalls fand sich keine große Wirtschaftsprüfergesellschaft,

    die das Haftungsrisiko eingehen wollte, "das dunkle Afrika" zu testieren.

    Dann muß garnichts passiert sein.


    Als Gerücht wird so ziemlich alles verbreitet, was man

    sich nur ausdenken kann.



    Gruß

    Tambok