Beiträge von Eldorado

  • Apollo Gold - das Sorgenkind

    23-Nov-2005


    Change in Assets, Financial Statements and Exhibits




    COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.


    On November 18, 2005, Apollo Gold Corporation, a Yukon territory corporation (Apollo) and Apollo Gold, Inc., a Delaware corporation, closed the previously announced sale to a wholly owned subsidiary of Jipangu Inc. (Jipangu) of Florida Canyon Mining, Inc., Standard Gold Mining, Inc., and Apollo Gold Exploration, Inc. (collectively, the Sold Subsidiaries) for US$14 million. The Sold Subsidiaries own and operate the Florida Canyon and Standard mines and hold several nearby exploration properties. The purchase price was the result of negotiations between the parties based in part on discounted estimates of future cash flow of the Sold Subsidiaries and the terms and conditions of the related agreements.


    As previously announced, Apollo and Jipangu entered into a subscription agreement for a US$3.5 million private placement under which Jipangu will purchase up to 11,650,000 units of Apollo priced at Cdn$0.35 per unit, with each unit consisting of one common share of Apollo and 0.17167 of a warrant (for a total of up to 2,000,000 warrants), with each whole warrant exercisable for two years at Cdn$0.39 for one common share. The private placement is scheduled to close on January 18, 2006. If the private placement is completed and the warrants are exercised, Jipangu would own in the aggregate 19.7% of Apollos common shares based on 106,556,451 common shares outstanding as of November 17, 2005. Jipangu presently holds 9.4% of Apollos common shares.

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

    What Most People Don't Know About Gold


    By Doug Casey
    Chairman, Casey Research, LLC.
    The International Speculator
    November 24, 2005


    Historically, gold has never been viewed as a speculation. It was simply money: cash in the most basic form. It was a medium of exchange and a store of value. People did not accumulate gold because it could make them wealthy, but because it was a convenient, liquid way to keep the wealth they had.


    http://www.321gold.com/editorials/casey/casey112405.html


    Waiting for the Sky to Fall?:


    Asia and Implications of $500 Gold and $8+ Silver


    By Keith W. Rabin and Scott B. MacDonald


    With gold approaching $500 and silver holding $8+, there is a tendency to wonder whether the long awaited “end game” is now before us. We share a bearish posture, particularly in respect to U.S. equity markets. However, before adjourning to the bunker in anticipation of massive social and economic breakdown, it is important to note the odds favor a more protracted adjustment than the possibility things will spin quickly out of control.


    http://kwrintl.com/library/200…g-for-the-Sky-to-Fall.htm


    November 23, 2005


    A $500 Party or Funeral?


    By Brady Willett


    Rally hats or the death of the latest bull rush?


    Before speculating on what may happen if, and when, $500 an ounce is touched, a quick overview of the gold market is prudent. First and foremost, since holding above $300 an ounce in 2002 the gold bull – at least when studying the COT statistics - has been a relatively predictable animal. Today the COT numbers are screaming sell, and will likely continue to scream sell until the commercials are able to cover part of their position at lower prices. As for the possibility of the commercials covering for losses and/or defaulting, since this is only going to happen once (and will likely result in a full out gold mania), it is difficult to suggest that the recent rally in gold is the rally. Speculations about the commercials being cornered have emerged during every major rally since 1999, and have repeatedly been proven wrong.


    http://www.fallstreet.com/nov2305.php

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

    November 23 - Gold $491.90 down 50 cents - Silver $8.11 down 4 cents



    The John Brimelow Report


    Dubai's importance. Excellent LRC on Bernanke


    Wednesday, November 23, 2005


    Indian ex-duty premiums: AM $2.98, PM $2.60, with world gold at $491.35 and $488.75. Adequate for legal imports. Indian buying must be conceded to have tolerated gold’s $35 rise since early this month rather well, and can be expected to intensify on any pull back.


    The Dubai Gold Exchange appears to have traded a mere 125 contracts today – the equivalent of only 40 Comex lots. Nevertheless, this entity has great possibilities. If enough capital is attracted to it, the owners of the immense fabricator pipeline of bullion in India and the Middle East could be able to lay off some of their inventory risk. This in turn could make them more willing to hold metal. The Exchange also appears to be anticipating participants taking delivery. If this materializes, Dubai could serve as a valuable price discovery mechanism for Middle East gold appetite. Currently this is an obscure topic, and difficult to follow.


    I think the Dubai Gold Exchange may be a more important development than the Gold ETFs. (GLD is showing a little life at present, increasing its gold holdings twice in the past week, by 6.19 tonnes to 221.23 tonnes, a record.)


    Japan was closed today. Given the dip-buying propensities of the TOCOM public, and their recent interest in gold, the Bears may find the next couple of days in Asia hard on the nerves.


    Reuters carries a story datelined Singapore reporting that sales of gold bars have been seen in the region, and that kilo bars are now at parity with London compared to a 10-40c premium a week ago. Given the abrupt rise in gold, it is surprising they are not at a discount.


    Comex on Tuesday traded 159,501 lots, 86,000 net of switches on Tuesday. Gold was essentially beaten down from the levels it achieved in Asian and European trading, although of course the Comex close was up $3.40 on Monday. Open interest was up only 966 lots.


    ScotiaMocatta said of Tuesday in NY:


    "Short covering entered the market…taking the yellow metal up to a session high of 494.00/494.50. Dealers became aggressive sellers at this point…"


    and Mitsui-London observed


    "Investment banks were on the sell side while funds were buying Feb and rolling their longs as well."


    Given their clear behavior pattern, it must be assumed the ECB group of Central Banks is selling heavily right now. Perhaps this will intimidate the Western Specs who have obviously entered the market: the crucial Indian and Middle Eastern buyers will not be moved.


    A solid reason for Western interests not to be deterred from gold stems of course from contemplating the reputation of the incoming Fed Chairman, Ben Bernanke, especially in the light of the peculiar M3 abolition decision. This matter has seen its first significant MSM discussion. John Crudele in the NY Post has to my mind a very reasonable comment:


    http://www.nypost.com/business/58052.htm


    while Bloomberg’s Caroline Baum has been deployed to do a hatchet job:


    http://www.bloomberg.com/apps/…kHk&refer=columnist_baum#


    An excellent essay on Bernanke’s record is posted today on Lew Rockwell’s paleolibertarian website. The author documents that there is good reason to suppose that the new Chairman believes it his duty (and right) to sustain Financial Asset bubbles by intervention. I think this is essential reading for gold’s friends:


    http://www.lewrockwell.com/blumen/blumen10.html


    A happy Thanksgiving to all my friends. I intend to publish on Friday.


    JB

  • Juniors aus Kanada

    Mein Dank an den Unbekannten, der mir heute abend einen Teil NPG zu 0, 47 C$ abgenommen hat.


    Auch denen gestern die mir einen Teil USGL fuer 3.58 USD abkauften.


    Ich hab eben zuviel von den Nevada und McEwen ist auch nur ein Mensch.


    Genauso wenig bin ich ein Foren Gott.


    HW bitte aendere das zum PM Investor.


    Gruss


    Eldo

  • Sterling Mining Company

    @ Lucky


    Diese Mail kommt von den Revoluzern per email an mich.


    Ich habe beiden Parteien meine Meinung persoenlich geschrieben.


    Wie ich stimme wisst ihr auch.


    Was jetzt die anderen machen ist mir nun egal, ehrlich gesagt.


    Ich habe gemacht was ich machen konnte, Basta !


    Ich habe die mail hier reingelegt damit wir mehr ueber deren Persoenlichkeit erfahren und welchen Stil die ueberhaupt haben.


    ""they desperately need shareholder approval to validate their misdeeds "" .... wo sind die Beweise !!!


    Help yourself, and do what you want, heisst es nun.



    Mfg


    Eldo