Beiträge von Eldorado

    Press Release Source: Yukon Zinc Corporation



    Yukon Zinc Completes Mobilization For Wolverine Test Mining Program
    Tuesday April 5, 9:30 am ET



    VANCOUVER, April 5 /CNW/ - Yukon Zinc Corporation (TSX.V - YZC) is pleased to report that the mining equipment and most of supplies have been mobilized to the site of the proposed portal for the test mining program at Wolverine. The winter road is now being decommissioned. The portal face has been excavated and the preparation of the portal facilities and services is underway.
    The test mining program includes an exploration decline from surface to access the Wolverine deposit and test mining of the massive sulphide mineralization to confirm mining conditions and remove additional sample material for final metallurgical testwork.


    Planned lateral development will provide an underground platform for definition drilling of the deeper parts of the deposit. Definition drilling from surface of the upper part of the deposit is progressing with 25 fill-in holes completed. With completion of the definition drilling most of the resources will be converted into reserves. The new mining, metallurgy and reserve information will be used in the Wolverine bankable feasibility study planned for completion in late 2005.


    The test mining and definition drilling program is estimated to cost approximately $14 million and should be completed by December 2005. The decline and other underground workings form part of the proposed development required for production; therefore, reducing pre-development lead time and capital costs of the mine. Permitting and engineering work continues on schedule.


    Good progress has been made with several groups regarding project financing and concentrate sales. Preliminary discussions indicate that all concentrates are readily saleable with reasonable terms.


    Yukon Zinc Corporation is the successor to Expatriate Resources Ltd. and is focused on the development of the Wolverine deposit as the Yukon's next significant zinc-silver mine and the exploration of the Finlayson District as Canada's newest Volcanogenic Massive Sulphide District.


    .

    Minco Silver Announces C$6 Million Financing and Initial Public Offering
    Tuesday April 5, 11:45 am ET


    VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 5, 2005) - Minco Mining & Metals Corporation (TSX:MMM - News) is pleased to announce that its subsidiary, Minco Silver Corporation ("Minco Silver"), plans to complete a special warrant offering and initial public offering ("IPO") for gross proceeds of C$6 million. Minco Silver intends to conduct the financing in two parts as follows:
    ADVERTISEMENT


    (1) 4,240,000 Special Warrants at a price of C$1.25 per warrant for gross proceeds of C$5.3 million, of which C$3 million will be completed on a non-brokered basis and C$2.3 million on a brokered basis, and


    (2) 560,000 common shares at a price of C$1.25 per share for the IPO, for gross proceeds of C$700,000.


    Each Special Warrant will entitle the holder, upon the exercise or deemed exercise thereof and without payment of any additional consideration, to receive one (1) common share of Minco Silver. Each Special Warrant is exercisable by the holder at any time for a period of twelve (12) months from the date of Closing, or on the fifth business day after the day on which a receipt is issued qualifying the issuance of the common shares on exercise of the Special Warrants.


    Minco Silver has entered into an agreement with a syndicate of underwriters led by First Associates Investment Inc. and comprised with Sprott Securities Inc. (the "Agents") to act as agent with respect to the brokered portion of the special warrant offering and IPO offering on a "best effort" basis to raise C$3 million ("Brokered Financing"). The Agents will have the option to increase the Brokered Financing by up to C$450,000 at a price of C$1.25 per share. Minco Silver has agreed to pay a cash commission equal to 8% of the gross proceeds of the Brokered Financing. In addition, Minco Silver has agreed to pay an underwriting fee of C$45,000 and to issue at closing, non-transferable agents options to purchase up to 10% of the number of securities sold in the Brokered Financing ("Agents' Options"). Each Agent's Option will entitle the holder to purchase an additional common share of Minco Silver at C$1.25 per share for a period of 12 months from the date of closing and thereaft
    er at C$1.50 per share for an additional six months.


    Minco Silver currently has approximately C$3 million in working capital and 20 million shares outstanding. Upon closing the C$5 million financing, management believes that the Company, partnered with Silver Standard Resources Inc., will have sufficient funding to pursue its strategy in acquiring silver assets in China.


    Certain terms or statements made that are not historical facts, such as anticipated advancement of mineral properties or programs, productions, sales of assets, exploration plans or results, costs, prices, performance are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied. These risks and uncertainties include, but are not limited to; metals price volatility, volatility of metals production, project development risks and ability to raise financing. Refer to the Company's Form 20-F and Form 6-K reports for a more detailed discussion of factors that may impact future results. The Company undertakes no obligation and has no intention of updating forward-looking statements.



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    Selbst wenn das hippo im Schafspelz oder Grossmutter outfit kommen sollte wird Rotkaeppchen oder schweinchen schlau schon 100m vorher sehen weil seine hippozaehne zu sehen sind wenn er den mund aufmacht, :D


    Peter Silie


    Ich kann dir nichts versprechen mit den 2 Euro und mein einsatz bei DRD reicht mir vorerst. Ich habe noch ein paar andere halbtote im depo die schreien auch nach futter.


    Glaubt ihr ehrlich an Maerchen ? :D


    Gruss


    XEX

    Tschonko


    Danke fuer die Nachricht, irgendwie sind zwei miteinander verbunden so wie ich mich errinnern kann. Ansich wenig Volumen,hatte oft geordert und selten bekommen. Sieht so aus dass nur wenige verkaufen wollen und darauf sitzen bis der huegel aufgerissen wird.


    OT Mining hat ca.18% Anteile bei Namex Exploration
    http://www.otmining.com/news.html


    Samex: Explorer
    http://www.samex.com/


    PROJECT COMMODITY STAGE
    Eskapa: , Bolivia Au, Ag, Cu -Data comp., drill
    Los Zorros: , Chile Au, Ag, Cu -Data comp., drill
    Chile Generative: Au, Ag, Cu -prospect reviews & acquisitions
    Wara Wara: , Bolivia Zn, Pb, Ag, Cu -dormant
    El Desierto: , Bolivia Au, Cu -dormant
    Santa Isabel: , Bolivia Zn, Ag, Pb, Cu, Au -dormant
    Walter: , Bolivia Au, Ag, Zn, Cu, Bi -dormant
    Yaretani: , Bolivia Au -dormant




    XEX

    Mensch Meier ihr hackt wieder rum, man redet wieder vom schweinchen schlau und der andere meint er ist wieder eine Sau. Fett muss weg vom Schwein sonst schlaegt es auf den magen. Und so wird nun bei DRD nach unnuetzigen Fettreserven gesucht damit ein wenig ruhe herrscht im Saustall RSA GM. Das Hippo kriegt davon aber nichts,es soll gras fressen sagt bestimmt der CEO. Die sind auch wie hund und katz und bleiben es auf lebenszeit. Glaubt bloss nicht das es alles so juristisch ablaeuft wie in BRD, RSA ist ein Cowboy Land und da malen die muehlen anders. Ich bin mal reingelegt worden von Amalia die gingen auch in konkurs und da war nichts mehr drin fuer die Anleger, nur der RSA Rugby Club hat etwas bekommen und das ganze war ein Scam.
    Ihre Werte in RSA waren ein alter Pickup truck und eine Farm wo auch Gold war im Boden. Die haben behauptet sie haetten alle minenrechte von Sierra Leone aber es war eine Faelschung ala Bre-X. Die hatte nie ein Permit. Die Direktoren waren von Lichtenstein und grinsen sich eines.Wenn ich die mal in Vaduz sehe, falls ich da hinkomme, dann hau ich denen eine auf die Ohren. :D



    XEX

    Ulfur Thanks ;)


    Ich habe eine frage an euch, ich schleppe schon ewig ein paar esel von hommel hinterher deren performance im negativen bereich ist.


    SML.V OTMN.PK NME.V SMXMF.OB


    Was denkt ihr ueber diese, einer soll the richest hill on earth sein aber ich merke bis jetzt noch nichts. Hommel hat sich in Samex damals gross eingekauft mit private placements.



    gruss


    XEX

    News from MAG.V


    MAG Silver Joins Forces with Penoles at Juanicipio


    MAG SILVER CORPORATION (MAG-V, $1.15)
    Joins Forces with Penoles at Juanicipio
    Eric Zaunscherb, CFA (604) 659-8234
    eric.zaunscherb@raymondjames.ca


    Stock Price $1.15
    Stock Rating OUTPERFORM 2
    6-12 Month Target $1.50
    Dividend Yield N/A
    Target Total Return 30%
    Market Capitalization (mln) $30


    4-Week MA Daily Volume 45,498
    NAV per Share $1.12
    Working Capital per Share $0.10
    Shares Outstanding (mln) 25.8
    Fully Diluted (mln) 29.3
    All figures in C$ unless otherwise noted.


    We are maintaining our OUTPERFORM rating and $1.50 target on MAG Silver. Yesterday, the company announced a joint venture with Industrias Penoles S.A. de C.V., the largest primary silver producer in the world, on MAG's Juanicipio property in Mexico. MAG's property is located adjacent to Penoles' Fresnillo Mine, one of the richest silver producing operations in the world. Penoles has been motivated to ink the joint venture with MAG due to its recent exploration successes near the east side of MAG's Juanicipio property where high-grade "Saucito" veins have been identified. Significant silver intersections by MAG on its Juanicipio property along the projection of the Saucito veins suggest MAG may have the extension of these veins. The joint venture's first order of business is to trace this mineralization. Penoles can earn a 56% interest in Juanicipio by conducting US$5 million in exploration on or before the end of the fourth year of the agreement. Penoles is obligated to spend US$750,000 conducting at least 3,000 metres of drilling in the first year. We believe this joint venture is a logical and mutually beneficial arrangement for the advancement of the property. A reduction in the attributable value of the Juanicipio property in our model decreases our NAVPS to $1.12 from $1.50. However, these factors -- (a) the added credibility of Penoles' direct involvement in exploration, and (b) the increased exploration potential due to Penoles' recent discovery of the Saucito veins -- adequately justifies an increase our P/NAV multiple. Using our new 1.3x P/NAV multiple, up from 1.0x, generates our target.


    Regards,
    Eric


    Eric Zaunscherb, B.Sc. (Geology), CFA

    @ gogh


    Recht schoen und gut, es zeigt nur das die mafia hier sich untereinander staendig streitet und denunziert. Du siehst ja was bei hmy/gfi rausgekommen ist, nichts als unnoetige kosten und verlust in das vertrauen des management sowie fall der aktien. :(


    And now the hippo wants his grazing ground back.! ?(


    Hipp hopp :D


    Gruss


    XEX 8)

    gogh


    Gebe dir voll recht damit,es wird nun einige zeit dauern bis die lottozahlen kommen. Wer es verdauen und abwarten kann, der soll es nun aussitzen. Vielleicht kommt noch ein washout, aber ich sehe da kommt nicht mehr viel blut aus den RSA aktien. Schaetze spaetestens in drei wochen sieht es besser aus am markt. Think positive and watch your stoploss level.


    All or nothing ! ;)
    Gold/Silver or papermoney !



    Ciao


    XEX

    Rand strong,another reason why:


    Govt decision on Absa soon
    Apr 04 2005 03:11:02:180PM Ray Faure


    Email Story


    Barclays mulls Absa conditions

    Manuel meets Absa, Barclays

    Fears over Absa control

    Sanlam wants Absa's worth

    Manuel gets the Barclays report

    Barclays damps bid speculation

    Barclays banks huge profits

    Barclays on acquisition trail




    Johannesburg - The government's decision on whether to give its blessing to UK bank Barclays plc's bid for a majority stake in local bank Absa is expected soon, with some speculating that it could even be as early as this week.
    "It's going to be sooner rather than later. It can't take forever," a source close to the deal said on Monday.


    This comes after what was described as an "exploratory" meeting between the two banks and Finance Minister Trevor Manuel and Reserve Bank Governor Tito Mboweni at the weekend.


    Barclays has applied for regulatory approval to acquire a majority shareholding, of more than 49% but less than 74%, of Absa and such a transaction requires the consent of the finance minister.


    "Pursuant to the receipt of the recommendations of the Registrar of Banks and the competition commission, the minister has considered material aspects of the proposed transaction," the National Treasury said in a statement.


    The statement added that the meeting, held on Sunday morning, was exploratory and the outcome non-binding in nature.


    The discussions included an evaluation of conditions under which such an acquisition may be permitted, taking into account the requirements of the Banks Act, ongoing maintenance of the soundness of the South African financial system and prevailing policy objectives.


    No decision regarding regulatory approval will be made until such time as the representatives of Absa and Barclays have reverted to the minister on these matters, the statement said.


    Public interest


    The minister, in granting such approval, must be satisfied that the proposed acquisition will not be contrary to public interest, as well as the interests of the depositors, bank, and controlling company involved.


    Sources close to the deal said that, to speed up the process, the parties were likely to come back as soon as possible to the minister on any outstanding issues.


    What the conditions were that the Treasury was alluding to is not exactly known, but SARB Governor Tito Mboweni is on record as saying that any deal involving a takeover by a foreign bank would have to rest on the government's four-pillar policy.


    Also, each application would have to be examined on a case-by-case basis and the supervisory regime would have to follow the internationally agreed framework of "home-host" banking supervision.


    In reference to the latter, he says the success of such a system relies largely on both the home-country and the host-country regulator ensuring compliance with the Basel Core Principles for Effective Banking Supervision and the various guidelines flowing therefrom.


    Barclays has made it clear that it will not make a formal offer for Absa until it has the necessary regulatory approvals.


    A controlling stake in the South African bank is likely to be costly.


    With Absa's share price having rocketed from around R60 to over R75 a share since news first leaked that the two banks were in talks, it's speculated that the deal is likely to cost more than R25bn.
    Should the Barclays deal succeed, it will likely pave the way for other foreign players such as Standard Chartered, which has made no bones about wanting to become a major player in South Africa, to pursue a major acquisition here.

    Killer virus threatens SA
    05/04/2005 08:21 - (SA)


    Carien Du Plessis


    Steynsburg - The "deadliest virus" in the world might have killed a South African. Health authorities were waiting anxiously on Monday for the results of tests for the dreaded Marburg virus.


    If the results are positive, the 50-year-old Eastern Cape resident will be the first person in South Africa to die of this contagious virus. Sapa reports that 150 people from the Uige province in Angola have already succumbed to the virus, similar to the notorious Ebola virus.


    The dead South Africa travelled from Luanda about a week ago and spent time in Johannesburg. It is not clear what the rest of his itinerary was or how much time he spent in Johannesburg.


    The man, whose identity has not been released, died in the hospital in Steynsburg near Aliwal North on Thursday night while he was waiting for treatment.


    The World Health Organisation on Monday described the outbreak of the virus as "the deadliest yet".


    A spokesperson for the Eastern Cape department of health, Sizwe Jupelo, said the deceased worked in Angola for about a year. It is possible that the man came into contact with the virus.


    The man's body was taken to Nelson Mandela Hospital in Mthatha for a post-mortem and some of his tissue was sent to a laboratory in Pretoria for tests. Kupelo said the results of the tests should be known next week.


    Eastern Cape MEC for health, doctor Bevan Goqwana, said the man vomited and had diarrhoea. Goqwana, who practised as a doctor before, said in his opinion it was unlikely that the man died because of the Marburg virus. "It could have been malaria."


    The man saw a doctor in Molteno earlier this week and was treated for flu and bronchitis. However, he had no fever. The doctor in Molteno could not be reached on Monday.


    Easily confused


    The independent information service Med-Info says Marburg fever can easily be confused with more common diseases such as malaria, yellow fewer or typhoid fever because the symptoms are not specific.


    Early symptoms include runny diarrhoea, stomach cramps, nausea, vomiting, severe chest and lung pains, sore throat and coughing. In most cases, the lungs and intestines start bleeding at a later stage and a characteristic rash breaks out.


    The virus is highly contagious and is spread through close contact with bodily fluids such as saliva and sweat.


    The carrier of the virus normally falls ill within three to seven days, but doctor Andrew Jamieson of Netcare Travel Clinics said there have been cases where carriers of the virus fell ill only after 21 days. This makes it much easier for travellers to spread the disease to other areas.


    "It is more important than ever that South African hospitals be alert for possible cases of people who were in Angola within the last three weeks," he said.


    A spokesperson for the national department of health, Solly Mabotha, said the department is aware of this case, but it is too early to speculate whether it is the Marburg virus or not.

    SA Treasury ends fiscal 'rich' :D
    Apr 04 2005 05:29:14:020PM Helmo Preuss

    Johannesburg - South Africa's National Treasury was left with an 'embarrassment of riches', as it ended the 2004/5 fiscal year with R30.87bn in cash instead of the R19.17bn given in the revised estimate presented in February 2005 and the original projection of R6.5bn given in the February 2004 Budget.
    Already questions are being asked why the fuel levy will be raised by 5 cents per litre on 6 April given the need to keep inflation under control.


    Other analysts will be asking why school books were not bought or hospitals built, but answers to these questions will have to wait until the detailed monthly statement on revenue and expenditure is released on April 29. ?(