Beiträge von Eldorado

    Esperanza: Quartermain, Prochnau, Bartos Join Advisory Committee


    Thursday May 19, 8:46 am ET



    VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 19, 2005) - Esperanza Silver Corporation (TSX VENTURE:EPZ - News) is pleased to announce the formation of a new Executive Advisory Committee to provide counsel and assistance to its top management. The committee will consist of Robert Quartermain, John Prochnau and Paul Bartos.

    Mr. Quartermain is the President and CEO of Silver Standard Resources Inc. He is respected within the exploration industry for having overseen the emergence of Silver Standard as a major player in the silver industry. Mr. Quartermain has been involved as a director and/or officer of a number of public resource companies including currently Iamgold Corporation and Western Silver Corporation. He recently resigned as a Director of Esperanza.


    Mr. Prochnau is well-known in the industry as an explorationist and businessman. He has, over the years, had considerable success as a mine finder including playing a major role in the discovery of Alligator Ridge in Nevada, Choquelimpie in Chile and Esquel in Argentina. He serves as a Director of Hidefield Gold Plc. and in other advisory positions within the mineral exploration industry. Mr. Prochnau was recently named to its "Explorers League" by Casey Research.


    Mr. Bartos is currently director of the new Geology Museum at the Colorado School of Mines. Much of his career was spent with Asarco exploring in South America. Among his achievements he is credited with the discovery of the San Bartolome silver deposit in Bolivia which is now being developed by Coeur d'Alene Mines. He has been working as a consultant to the company helping design and drive its Peruvian exploration program.


    Bill Pincus, Esperanza's President and CEO reported, "We are thrilled to have been able to attract such successful and experienced members to our new Executive Advisory Committee. The ability to call upon them and engage in a free and frank exchange of ideas can only help us better manage the implementation of Esperanza's business plan."


    Esperanza Silver is a company focusing on early-stage exploration and development of silver and other resource properties. It is active in Peru, Bolivia and Mexico where it is developing the newly discovered La Esperanza gold project.

    @Newstechxl


    Danke fuer deine Meinung ueber Tumi. Cinco Minas ist gestorben wie du weisst. Ich glaube da haben Insider verkauft die es vorher wussten.
    Gestern nach Ladenschluss kam die Nachricht,heute bei Eroeffnung gleich 13% am fallen. X( ist wohl ein Flop, was solls !
    Auf New Jersey bin ich ueber einen Tip von einen Bekannten gekommen der sich aufs Silbervalley konzentriert hat und in Idaho lebt. Auf ihrer Webseite kannst du ein wenig mehr rauslesen ob du etwas daran findest. Ich habe sie leider zu frueh gekauft und bin ebenso im roten Bereich, vielleicht auch ein Flop, what the heck , hoffentlich ziehen meinen anderen die aus den Dreck.


    http://www.newjerseymining.com/


    Cheers,kauf das ganze Tal nicht auf ! :D


    XEX

    @ohne Rente


    Genau so isses, sobald ich kann stosse ich Harmony ab trotz ihrer hochgelobten Reserven die sie erstmal kostenguenstig rausholen muessen. Da gibt es andere die haben auch Reserven und sind wesentlich besser in ihrer Bilanz als der scheiss Laden Harmony mit Gangster Direktoren die grosse Sprueche loslassen und die Shareholder beluegen nach Strich und Faden,sich anschliessend reichlich verabschieden werden wie die meisten grossen Betrueger von CEO's ala Tyco und WorldCom. IMHO

    @newstechxl


    Kannst schon recht haben aber ich habe schon genug dort investiert, z.B SHSH.PK, SRLM.PK,NJMC.OB.
    Leider alle im roten Bereich. :(
    Was machen wir mit Tumi ? was meinst du dazu.
    War ja lustig gestern wie Timberline um 45% gestiegen ist mit einen volumen von nur 5000 Aktien oder 2000 USD.
    Ich wars nicht ! :D


    Gruss


    XEX

    Wenn ich mir alles so anschaue und lese dann denke ich mal passiert folgendes:


    Gold und Aktien werden bis ca.Anfang Juli wieder ansteigen >(445 $) dann geht es leider wieder runter >(428 $) und erst ab mitte/ende August geht es aufwaerts bis mitte November >(455 $ ) ,dann wieder runter >(438 $ ) und ab mitte Dezember 2005 an die > (500 $ ).

    Erst 2006 - 2007 kann man ansich ruhig schlafen als Gold Bug und Gold wird die 600 Dollar locker erreichen.
    Die Junior Aktien kommen erst in zwei bis drei Jahren ganz gross raus.


    Sicher gibt es da wieder einige Korrekturen,schaetze im April- Mai 2006.
    Ist nur meine Meinung, besser gesagt mein Gefuehl wenn ich die Astrologen und Analysten vergleiche im Moment.
    Wie gesagt, nicht zu viel dieses Jahr von Gold erwarten und langsam einsteigen fuer die jenigen die Cash haben....Enter at your own risk !


    Es ist natuerlich alles eine reine Vermutung/Erwartung von mir.
    Mein Sprichwort ist erwarte das unerwartene,ich stell mich darauf ein.


    Der USD Index kommt nicht ueber die 87 drueber, und wenn nur fuer wenige Tage. Heute ist wieder Kampftag USD vs Gold,mal schaun wie der ausgeht bis Freitag.


    Am Montag kommt der Vollmond noch dazu was eine groessere Auswirkung haben kann fuer beide Werte.
    Wichtig ist das die 418 USD, HUI 170 halten, der Rest ergibt sich automatisch.


    Gruss,

    Tschonko


    Gehoert zwar in den Schnaeppchen :P thread, aber.....



    wenn ich zulangen koennte dann waere DEZ, AZK,KGC,NTO,BGO,CBJ,AUY,KRY, LIHRY, CSG.TO im Einkaufskorb bei mir um nur ein paar zu nennen.
    Natuerlich einige Krugerrand, die kann man immer brauchen bei dem Preis.
    Leider habe ich die EC karte nicht dabei... X(

    @ Ulfur


    Da bleibt nur mehr La Trini und die Frage ist nun ist dieses letzte Projekt den momentanen Sharepreis eigentlich wert ?
    Nach diesen Nachrichten werden wir heute sehen wie die Anleger darauf reagieren.

    @hpoth


    Rennen oder stehen bleiben, ueber zwei drittel sind schon weg, was meint ihr dazu. Alles oder nichts ?? Hop oder Tropp ??
    Die kann nur mehr eine Finanzspritze retten oder eine Uebernahme. Nachkaufen werde ich nichts mehr. Eine schwere entscheidung, kommt mir vor wie eine option die kurz vor dem auslaufen ist und das target nicht erreicht hat.


    Gruss


    Eldo

    Tumi Resources Limited - Tumi Abandons the Cinco Minas Project, Jalisco, Mexico


    Wednesday May 18, 7:33 pm ET
    TSXv - TM Frankfurt - TUY OTCBB - TUMIF



    VANCOUVER, May 18 /PRNewswire-FirstCall/ - Tumi Resources Limited (TSXv-TM; OCTBB-TUMIF; Frankfurt-TUY) (the "Company"). After a thorough technical evaluation, including three separate drill programs and a comprehensive economic review of the Cinco Minas property, the Company has decided to withdraw from the option agreement with Minera San Jorge S.A. de C.V. As stated repeatedly, the Company's management is focused on enhancing shareholder value by identifying silvergold projects of high merit with significant mine potential and it has been determined that the Cinco Minas property does not meet the Company's criteria.
    Although a resource was established for Cinco Minas, the results of a scoping study previously undertaken by Behre Dolbear (see press release dated June 4, 2004) indicated a very high strip ratio for an open pit mining operation, such indication having been confirmed by in-house studies performed by the Company's technical consultants. Additionally, a review of an underground high-grade mining option gave resource numbers too low to be of interest to the Company, particularly when having to deal with a large number of historic open stopes. In summary, a combination of a very high strip ratio for an open pit, underground open stopes, and an option to earn only a 60% interest with high underlying holdings costs, make the Cinco Minas property unattractive to the Company from an economic prospective. To meet the Company's exploration goals, a project must also be able to reach "advanced project status" quickly and cost effectively. Neither the open pit nor the underground options meet the standard for operational size and economic potential.


    The Company, however, is pleased that it can now concentrate its efforts on the La Trini silver-gold project, located within the Hostotipaquillo mining district, underlain by the Tertiary Sierra Madre Occidental volcanic province and younger intrusive rocks. The La Trini silver-gold project is currently evaluated as an open-pit mining target.


    The Company remains focused on silver and gold exploration in Mexico and will move ahead with current exploration activities while it also aggressively identifies and evaluates additional exploration projects of high merit that meet the Company's corporate and technical objectives.

    Harmony bid damages SA's reputation X(


    South Africa's reputation as a mining investment destination had "suffered a lot of damage" because of Harmony's hostile bid for Gold Fields, Business Day reported on Wednesday, quoting Mvelaphanda Resources CE Pine Pienaar.


    He said this was the message he had received on a recent overseas investment roadshow and a big effort was needed to restore the country's attractiveness among offshore investors.


    "All the investors we spoke to in the US, Britain and Europe were very concerned about South Africa as an investment destination, in the mining sector," said Pienaar.


    "This is because of the value destroyed through the Harmony-Gold Fields bid, in terms of the share price, and the costs that have been incurred."


    Pienaar said there had also been "reputational value destruction" with much mud-slinging by both sides, the report said.


    Mvelaphanda owns 15 percent of Gold Fields' local assets, and has the future right to convert this to a smaller percentage holding in the listed gold company.


    I-Net Bridge


    More news......http://www.bloomberg.com/apps/…sid=a_FirSRQcTBc&refer=uk :......


    Harmony's Swanepoel Plans Cost Cuts as Gold Field Bid Expires
    May 19 (Bloomberg) -- Harmony Gold Mining Co. Chief Executive Bernard Swanepoel, whose hostile $3.8 billion bid for Gold Fields Ltd. led to a collapse in his stock, said he'll abandon the offer and step up cost cuts to turn around his unprofitable company.
    :D ...........



    Gold Fields appeal may be the final nail :P


    May 19, 2005


    By Nicky Smith


    Gold Fields took a baseball bat to Harmony's near-dead hostile bid again last night when it said Harmony's offer was not unconditional since Gold Fields was appealing against the competition tribunal's approval of the proposed merger.


    "Harmony's bid is not unconditional and will not be, pending an appeal against the whole of the order of the competition tribunal to South Africa's highest and final competition authority, the competition appeal court," Gold Fields said.


    Gold Fields said that because Harmony's offer document had clearly stated the offer was conditional on the approval of the "South African competition authorities", the offer would remain conditional until the competition appeal court had ruled.


    It is clear the appeal will not be heard before Harmony's offer closes tomorrow.


    The appeal may be the death knell for Harmony's bid since chief executive Bernard Swanepoel has said Harmony would not extend its offer beyond tomorrow.


    Harmony was not available for comment last night. :D

    From the crystalball,something to remember:


    With the passing of each day, we are gradually entering deeper into a unique and mysterious cube where it is increasingly difficult to predict the future trends of the world financial markets. We are on a path in which logical study of the economic outlook, trade deficits and current geo-political or world economic news will fail to yield clear indications of what to expect in the future. This difficulty is quite apparent and it explains why hedge funds and many smart traders are making mistakes everyday. This is resulting in loses for many, with money moving away from intelligent investors and smart traders into the hands of a few lucky people that are trading in accordance to the current wave.


    The fact is that everyone invests as per his or her own style, with a lot of people abiding by a particular theory or guided by their own vision of the future. Indeed, I am also of that approach, though having kept an unshakable faith in my theory. However, it is true that astrological theory does not inspire great respect in today’s modern world and especially the world financial market. To date, I am yet to get an answer as to why people in the financial market do not believe in nature’s wave. Why is it that they place so much faith in technical charts, economic data or CEO as opposed to this subject that goes back thousands of years? It is like having the most precious jewel neglected somewhere in a corner while everyone fawns over artificial jewellery! It is saddening to me that inordinate attention should be directed elsewhere while the real key to unravelling the future is ignored. Well, the answer that explains this is that “we are in a modern artificial world”.


    The other problem is that people always suppose that whatever they think is the right thing and that it should invariably be proved to be correct. They therefore rather naively expect everything to unravel as per their own expectations. My own opinion is that this is not the right way of thinking. It is like someone who buys any stocks/gold/oil or any with the desire or expectation that it should move up. She/he then watches the screen for the entire day though he very well knows that price movement is not in his hands. Eventually when he gets disappointed, he becomes upset and starts blaming himself or even others sometimes. This happens due to too much desire to make money without considering nature and the timing factor.


    Today many intelligent investor's, bankers and fund managers are following my work with keen interest, with some writing that they now understand nature’s wave but only few do not mind openly acknowledging that they follow my predictions. Needless to say, though it is very small way but still I am very happy for this unique science or nature wave as it is finally getting the respect and appreciation that it deserves.


    I neither hate nor favour gold or the dollar; I have been writing and will continue to write what I see. In regard to my stand on gold and the dollar, only Bill Murphy and a few others understood me. Even though my outlook for gold has been negative, Bill Murphy added my comments on Lemetropole. That is how Bill is; though he is fighting his own battles but same time he also wants to hear all kinds of noises at the same time.



    PREDICTION FROM 16 MAY TO 20 MAY 2005


    GOLD


    Last week gold prices touched both predicted prices of “$428.50 and $418.5” and remain low side. At the same time, the dollar is moving higher and higher as predicted. Gold is fighting valiantly but it has not been able to win because out of ten power points, it only carries three. This is why I have not recommended any great rise during the current period as well as for the last five months. In 2001 when I first strongly recommended buying gold, it was carrying only -1 point but I saw a rising up to point seven out of ten in the seven year (2001 to 2007).


    Last December it reached four points while now it is on three. Any time during the third or fourth quarter of 2005, gold should reach around two points and mind boggling seven points by 2007. This clearly shows that there will be a great rise in 2006 and 2007.
    Therefore, my clear and blunt advice is that you should not expect too much from gold in 2005. However, one should take advantage of the short term rising cycles and stay away when time is uncertain. This should be your planning for gold.


    During this week GOLD will have a positive move. Buy for a short period therefore and get out at around $425.70.


    SILVER


    The movement of silver prices will be completely independent. Please don’t compare it with gold or the dollar’s move. There will be a rise in Silver due to huge speculation that will take place in the next few years; it may rise a few folds. Silver will also rise this year and that time is soon coming. As soon as Mars gives the appropriate indication, I shall write to you.


    Silver will be stable during this week, though we may also experience a bit of volatility. The downside will be $6.75 while the upside will be $7.14 once again. If prices break either side, then movement into that direction will take place quite rapidly.


    COPPER/PALLADIUM/PLATINUM


    As predicted, there was a fall in copper last week. For the time being, you need not buy copper at any price. In 2002/3 when copper was trading around $65, I advised many of my clients to buy. Two months back I recommended selling or shorting when it reached $150. My advice is still to remain short.


    This week Palladium will trade in a very narrow range. Don’t buy platinum or just get out from platinum position.


    CURRENCIES


    Last week the dollar emerged the clear winner. Major currency traders have started giving serious thought to my currencies prediction as in the last four years have called both the top and bottom in all major currencies. I can only say that thanks go to this unique subject.


    Any time from Wednesday this week, a very strong rise will come again in the dollar index. We shall soon see the Euro, pound, Swiss franc and Australian dollar breaking all important technical supports.


    A VERY SCARING WAVE LIKE TSUNAMI HAS ALREADY STARTED IN DOLLAR FOURTY DAYS BACK AND SOON WILL TAKE A BIGER SHAPE. YOU SHOULD THINK TWICE BEFORE YOU SHORT THE US DOLLAR. I HAVE BEEN WARNING YOU OF THIS FOR THE LAST FIVE MONTHS. AS A RESULT OF THIS, I DO NOT SEE A GREAT RISE IN METALS.


    On Monday, the dollar will remain sideways or a little weak. However don’t make the mistake of shorting. My next target for the dollar index is 88.20 and $85.50 on the low side. Keep buying dollar index on weakness.


    I would like to wish you good luck in your trading and thank you all for your love and appreciation. This has greatly motivated me to work hard to understand the relation of nature wave and most unpredictable world financial market.


    Der Papa wirds schon richten... :D

    Ulfur


    Ich wuerde es ja Swanepoel zutrauen das er die Goldfieldsanteile auf den Markt schmeisst, dann sollte sein Auftrag von Mr X eigentlich erfuellt sein der sich diese dann guenstig ausserboerslich schnappt. Was kuemmert sich schon Swanepoel um einen Wertverlust fuer Harmony.? :]
    Danach geht es ab in die Rente auf dem Boat in Bermuda, weit weg von den Scorpions, veraergerten Shareholders, und viel naeher zum Bankkonto. :D
    Vermutlich heiss seine Yacht, Harmony, mit der verschwindet dann er im Bermuda Dreieck. :P

    Wednesday, May 18, 2005, 12:22:00 AM EST


    China Enters Foreign Exchange Arena
    Author: Jim Sinclair


    However the market, the dollar or gold interprets this move by China be assured of one thing: It is a disaster for the TIC figures as China, along with Japan, have been major dollar buyers as a means of defending their respective currencies.


    An upward revaluation of the Chinese Yuan will put irresistible upward pressure on the currencies of China's Asian trading partners for speculative and trade reasons and will relieve China of the need to buy dollars upon which the US is so seriously dependent because of its massive Budget and Trade deficits.

    There is no fundamental question that an upward revaluation of the Yuan or its float against a basket of currencies would be a major blow to the dollar by the natural reaction to reduce international dollar demand that will not be offset by higher US interest rates. Therefore, no matter how the market reads it please be calm in your positions as long as you avoided the evils of credit. If your positions are on margin, then you have not taken my advice in gold anything.

    At the very least, opening China to world markets for speculation in various currencies is like opening Pandora's box. The Chinese are the world's greatest speculators and they are proud of it. The $2.6 trillion dollar per day currency market just got a boost to probably $4 to $5 trillion per day.

    In retrospect, the US hard line against China today opened the Pandora's box that will in time eat the dollar to pieces. X(
    [U]The Chinese are master chess players and their reaction will in time be known as the Yuan to Dollar "Check Mate."
    :D



    China broadens forex system


    SHANGHAI, China (Reuters) -- China launched a new foreign exchange dealing system on Wednesday that allows domestic trading in currencies other than the yuan, a milestone in the country's effort to reform its tightly controlled currency regime.


    The system, allowing trade in China in eight more currency pairs, came as the U.S. Treasury warned that Beijing could be labelled a manipulative trading partner unless it took swift steps toward a more flexible yuan.


    The China Foreign Exchange Trade System (CFETS) said the new system hosted trading in the U.S. dollar against the euro, yen, Hong Kong dollar, British pound, Swiss franc, Australian dollar and Canadian dollar, plus the euro versus the yen.


    Officials have assembled a strong line-up of pioneering foreign and local banks to launch the system, from ABN AMRO to Bank of China, but economists are divided as to whether the market will attract the business it needs to take off long-term.

    :rolleyes:Crystalball news:


    Currently, gold and silver are moving in a positive cycle while metal stocks also came back quite strongly. I do not see gold moving up much higher, especially above $425.


    Currencies are trading as predicted; the US dollar is ready to leap forward and it will touch another new high by Friday. You should therefore buy the dollar on weakness. Today is also a good day to accumulate the dollar index. 8o 8o...... vielleicht nur ein Geruecht ????



    Keep the faith and have no regrets !!!