Beiträge von Aladin

    Umweltschutzfreundlich hin und her, im Endeffekt geht es darum die Produktionskosten niedrig zu halten, das wiederum interessiert die Aktionaere mehr am Ende des Tages. Leider ist es so.


    Die Minen haben die Message bekommen und werden sicherlich in der Zukunft vorsichtiger sein.


    Wo anders wird mehr ruiniert aber da kuemmert sich keiner.


    Zum Beispiel bei der Soya Pruduktion in Brasilien wo der Regenwald zerstoert wird.


    Wie Bob schon sagt:


    ""Fernziel sollte ein Liste mit möglichst vielen Minenunternehmen sein, welche Umwelt- und Sozialstandards hochhalten.
    Das dürfte langfristig auch für alle Aktionäre Mehrwert schaffen.""



    Mfg


    XAX

    Brett Kebble's Messy Tax Situation


    By Rob Rose
    01 Nov 2005 at 08:20 AM EST



    JOHANNESBURG (Business Day) -- It is high time South African Revenue Service (SARS) boss Pravin Gordhan broke his silence on the messy tax affairs of the late Brett Kebble.


    The day after Kebble died, Business Day published a story saying that Kebble owed more than $29.9 million (R200 million) to SARS in back taxes. We also said that Kebble had paid some of this, but he still owed more than $14.95 million (R100 million).


    Although the figures were based on information from sources, SARS had actually confirmed certain details in a statement that day, which included the line: “Kebble has paid some amounts with regard to those issues that have been resolved.”


    Gordhan himself stood up in Parliament on October 19, and declared that “some moneys have been paid” by Kebble.


    But investigative magazine Noseweek, which has clearly had the inside track on this investigation for some time due to what it terms “some honest SARS officials”, believes SARS is fibbing. This month, Noseweek speaks of a “dirty-tricks media campaign” from within SARS, and records that SARS’ version of events “couldn’t be further from the truth”.


    “Brett Kebble did not pay one cent in income tax — not this year, not last year, not in any of the past 12-years,” it said in its new edition. :D


    It says that it got these facts “directly from Brett Kebble’s income tax file at SARS”.


    These documents apparently show that Kebble’s tax returns show he made no income, and hence owed nothing to Gordhan’s men.


    So what is the true story? The clear accusation is that Gordhan lied, and to Parliament, no less.


    This is a serious charge, and one that should be answered.


    Surely now is the time for Gordhan to reveal all, rather than have piecemeal information sprinkled into the public domain — information it seems may be less than perfect.


    This is especially important since one of the accusations leveled at SARS is that its own senior officials deliberately buried the Kebble investigation.


    While this is an accusation that can easily be made, it deserves special consideration when it comes to Kebble.


    A term bandied about in relation to the slain mining boss was “largesse”, stemming from his support of both the ruling party (remember the R500000 donation in January last year?) as well as his cosying up to families of certain cabinet ministers through his business dealings.


    There is an obvious link that will be drawn between the death of the tax probe into Kebble and his support for the government which appointed Gordhan.


    Although the Kebble camp will scream about the secrecy provisions of the Income Tax Act, which forbids SARS from revealing personal details, this is an issue larger even than Kebble.


    The accusation that the revenue service is willing to treat the well-connected with special favours when it comes tax time is a serious one that simply can’t be allowed to go unanswered.


    And it should be pointed out that if Kebble had paid all the tax he owed initially, as one imagines a “good patriot” would, then this issue would never have cropped up in the first place.


    Given that Noseweek has apparently already printed everything but Kebble’s actual payslips, there is a strong case to be made that the matter has all but entirely leaked into the public domain anyway.


    And the public clamour for answers is growing.


    How come, for example, Kebble got away with not filing an accurate tax return for more than a decade?


    From January, increasingly agitated letters begin arriving at my door from SARS reminding me to not miss the deadline lest millions die of starvation. So how did SARS miss R200m?


    And how did it fail to piece together that the deal maker on the front page of all the newspapers was the same person apparently not making enough money to be taxed?


    But it is not as if the Kebble information will remain secret for all that long anyway. SARS will have to lodge a claim with Kebble’s estate if they want to be paid, and once they do, one imagines the details will become public in any event.


    Gordhan should waste no more time, especially given the serious accusations against him.

    Edel Man


    ""Mahendra und-Gläubige , ist was? :D""


    Habe den ganze Tag nicht hingeschaut, gut so !
    Gold bei 465...noch was, HUiiiii bei 222, hat mich erstaunt bei dem POG.
    Nur wenig verloren,wenn ich die Aktien anschaue, bin ich schon wieder zufrieden. :))


    Bei dem HUiiii und dem POG denke ich Aktien haben den Boden gebildet und da schnappt schon mit Gespuer,... Germoney. :]


    Haette es auch so gemacht wenn Moos da waere, Germoney hat darauf gewartet und hat noch Cash. :D


    Ja wenn das Woertchen wenn nicht waere, Edel Man mal den Teufel nicht an die Wand.


    Ok, Dollar nicht ueber den Sprungreifen 90, ja um den wird gerungen.


    Hoffentlich dreht sich das Rad in die andere Richtung, welche ? :D


    Man weiss nie was noch daherkommt.


    Mfg


    XAX

    Indian Demand this week


    No the Indian market is not yet happy with the present gold price and has stayed out of the international market, according to Daman from India. He gave us this report: -


    Indian Diwali sales are now officially declared to be their dullest best in last 9 years of Diwali months. The festival of Diwali, itself, is on the 1st of November, next week.


    The State Trading Corporation, an authorized Gold Importer, has just filed NIL returns for Gold turnover for September and will repeat the same NIL for October, if nothing happens in next 3 days. To give you perspective on this, this organization imported 20 to 30 tonnes a month in the last 6/7 years during these Diwali months.


    Certainly, the second half of 2005, like 2004, is a poor period for gold importing in India! It was this time last year that the gold price rose internationally and the discount at which the Indian market could buy [due to interest arbitrage] disappeared. This year the lull can be attributed to high international gold prices not being accepted yet by the Indian market. On top of this the Rupee itself is down 2% over the recent months, adding to the Rupee cost of gold.


    Stable prices holding their ground until they are thought of as cheap attract the biggest volume of buyers in India. It's all a matter of timing!

    Western Areas - The Price of Hedging!


    Western Areas has just reported just how bad poor hedging of future production can knock the income of a mine and how currencies can move against what appeared to be a prudent policy at the time.


    65% of their production of 62,000 ounces of gold has been sold at $292 an ounce and the balance at the spot market price, in the last quarter. 8o


    The hedging loss on its own was R51 million loss on the call options. In addition there's an option premium payable, which is around $5 million a quarter. This will rise next year and the year after, by a small amount. All in all, the position looks tenuous because of hedging. However, with the plans they have, IF the gold price holds or rises and IF the Rand holds its present levels or falls, the mine will turn the corner in 18 to 30 months time! In real prices this means that Western Areas made a loss of R13 million, instead of a profit of R50 million. This same opportunity cost may well not be so stark at other mines but it is growing by the day and in many cases will be greeted with some shock.


    As the gold price rises, most hedged positions of future gold production are delivered to the other side of the hedge the Bullion banks. The perception this gives is that the loss is not one purposely taken, but an inevitable earning of less income because the price of gold rose since the hedge was established. But when the gold price rises as much as it has in the last year or so, the opportunity cost rises alongside it. As you can see from the above, this can look horrendous and threaten the continuation of the operation. We expect the rise in the gold price to continue. This will exert heavy pressure on the Producers with outstanding hedged positions to unwind them or face embarrassment over this policy of hedging. After all prudence may well not be good management in this rapidly changing world. Fortunately most producers have had an aggressive policy of de-Hedging, so the fair lady may be caught despite the faint hearts?


    Having said that, Western Areas is looking at the worst picture it can at the moment. It is a tremendous mine [South Deep operation in particular], tightly held between J.C.I. and Allan Gray [an Investment house of good repute], so the remaining shares will react quickly to good news [and not so badly to bad!]. This could be a good time to buy some on a two-year + view!
    Oct 28, 2005
    Julian D.W. Phillips

    Gold and Silver Market Updates


    Clive Maund
    Oct 31. 2005


    Gold


    Gold has done little price-wise since the last update - it has continued to track sideways unwinding the overbought condition that developed as a result of the breakout in September. At first sight this trading range looks like a period of consolidation that should be followed by renewed advance, but with regard to the short-term outlook, there are several reasons for some caution at this time.


    http://www.321gold.com/editorials/maund/maund103105.html

    Le Metropole Members,


    8p ET Sunday, October 30, 2005

    Dear Friend of GATA and Gold:

    Last week The New York Times published several
    long reports examining what it considers the high
    social and environmental costs of gold mining.
    If you haven't already seen them, you can find
    them here:

    http://www.nytimes.com/2005/10/24/international/24GOLD.html


    Peru:


    The Cost of Gold | Treasure of Yanacocha
    Tangled Strands in Fight Over Peru Gold Mine


    http://www.nytimes.com/2005/10…onal/americas/25GOLD.html

    Zitat Tschonko:


    Jetzt hat es auch Hecla erwischt.
    Die haben es sich selbst zuzuschreiben. Betrug, Steuerhinterziehung....


    Schade um den schönen kontrakt, den sie haben.


    Das Vorhaben von Chavez, die sache durchzuziehen, ist damit bestätigt.


    ---------------------------------------------------------------------------------------------------



    Wag the mine and stockprice ist es wieder mal, Tschonko


    Den Betrug muessen sie erst nachweisen und wenns zwei monat dauert.


    Erst wenn er nachgewiesen ist das Permit in Gefahr und das Ende von Hecla in Venezuela.


    Siehst du zu eng IMO, man muss da zwischen den Zeilen lesen.


    Wieder mal ein Woof Woof denke ich mal.


    Aber was sagt Hecla dazu ??......


    Hecla Responds to Article
    COEUR D'ALENE, Idaho--(BUSINESS WIRE)--Oct. 27, 2005


    --Hecla Mining Company (NYSE:HL) today vigorously responded to a news article concerning a review by Venezuela's tax agency, Seniat. Hecla's President and Chief Executive Officer, Phillips S. Baker, said, "According to news reports, the Seniat will do an accounting review in response to some claims of irregularities by the local labor union. :rolleyes: Although we have had no official notice from them, we will certainly cooperate fully with any review by the Seniat to put these allegations to rest. Hecla has a hundred-year reputation of integrity and we will fully and completely respond to any attempts to tarnish that good reputation." He continued, "If the Seniat decides to conduct an investigation, I am sure it will be in an attempt to determine the truth. We have undergone such audits in the past with satisfactory results."


    Hecla has been operating in Venezuela since 1999 and employs nearly 1,000 people in Venezuela. The company has improved environmental standards in the area in which they are located, has contributed to community social, education and health efforts and has undertaken a unique program with small miners to improve technology and safety practices.

    Hallo Tschonko


    Das mit Hecla hat nichts mit KRY zu tun wenn die dort etwas versaubeuteln. Das war gefundenes Fressen fuer Chaves, der die Amis hasst wie die Pest.


    Mich hat es jedoch schoen erwischt mit (90) Hecla nun 43 % im Keller bei 4% Depowert. Einer nach dem andern Apollo,Hecla, Tumi, you name it. Beschiss von RSA bis Venezuela, ueberall Bertrug wo man hinschaut, X(..wer zahlt,.. wir !


    Mit Kry da sitze ich auf 1.61 Schnitt habe aber mehr als die haelfte schon bei 1.72 rausgehaut, nur mehr (60) im Depo, mir ist das auch nun Wurst da ich deswegen nicht die Flinte ins Korn werfe.Die kommen alle am Schrottplatz, was soll ich sonst machen ausser aussitzen.


    Welchen Management kann man heute noch trauen ?, das ganze wird schoen langsam zur Lotterie, alles kann sich schnell aendern das man gar nicht reagieren kann.Man kann die Frust bekommen wenn solche Schlagzeilen erscheinen. X(
    Wer haette das gedacht von Hecla, einen Senior den du ebenso sehr sicher angesehen hast.



    Ciao


    XAX


    Anbei ein Bild von dem Trutscherl des Ceo's von Hecla, die hat das Gold schon, wir sehen es anscheinend nicht mehr was da ueberall los ist.

    Manche lerne es nie und nobody is perfect.


    Wie oft kommt es vor das man einen Fehler zweimal macht ?
    Ein drittes mal wird dann 100 mal werden, sagt ein Arabisches Sprichwort.
    Wenns zweimal nicht klappt, nie mehr wieder heisst es damit.


    So jetzt haue ich mich hin, Gnight Amigos. 8)


    Ps.. mir gehen bald die Hasen aus.



    XAX

    Das ganze ist jetzt schon ein grosser Maskenball Tambok. ;)


    Nur ein Kenner kennt den Wert deiner Masken, den Wert eines Kruegerrand kennt fast jeder.


    Enjoy your collection ;)


    Aber erschrecke keinen damit ! :D


    Bei Halloween nimmst eine runter, da darfst du es.


    Gleich zum Nachbarn rueber. :D


    Tricke Treat, vielleicht gibt er Dir Schokolade fuer den Auftritt. :D


    XAX

    ""Das sind die Zinsen, die fortlaufend hinabträufeln
    in die Kapitalien, welche beständig anschwellen;
    man hört ordentlich, wie sie wachsen, ""



    Die Amerikaner geben fuer jeden Dollar den sie verdienen ca. $ 1.25 aber aus. So wie die aus 100 Thaler wieder 100 Thaler machen sind es nur 100 Thaler Schulden mehr wenn es so weiter geht.


    Das Drucken haben schon viele probiert, alle sind sie auf die Schnauze gefallen, egal wer.


    Darauf kann ich auch noch warten.


    Mfg


    XAX