Beiträge von Aladin

  • Das neue Südafrika

    Zim: Steep bread price hike


    22/09/2005 11:05



    Harare - The price of bread has increased dramatically in Zimbabwe, worsening hardships for the poorest in society, a private newspaper reported on Thursday.
    While the government last month set the price of bread at Z$7 500 (US 28c) per loaf, it is now selling for at least Z$137nbsp;000 (US 50c) a loaf, the Daily Mirror said after carrying out a survey in the capital Harare.


    More sophisticated varieties of bread are selling for between Z$25 000 and Z$32 000 (US96c, $1.23) per loaf, the paper said.


    "We have received reports of bread going up to Z$25 000. What we understand is that the price of bread is controlled and it is illegal for bakeries to increase prices," Tonderai Mukeredzi, the public relations manager of the Consumer Council of Zimbabwe (CCZ) told the paper.


    Economic crisis


    Zimbabwe is in the throes of economic crisis, with inflation at over 265% and prices of commodities ratcheting up on a weekly basis.


    Manufacturers in the country blame shortages of inputs and foreign currency for most of the price hikes.


    The marketing manager of a bakery was quoted by the paper as saying bakers are having to source diesel, which is used to fire their ovens, on the black market for prices way above the official selling price.


    Last month bakers said bread would have to retail at Z$12 000 a loaf to earn a 20% return. But the authorities were said to be against a hike of that margin. Previously bread sold at Z$4 500 (US 17c) a loaf. - Sapa-dpa


    News24/SAPA

  • Herbst der offenen Hausse (PoG 600)

    Da lege ich lieber bei Hugo an.... :( X(
    Der Tanz geht weiter, heute gehts wieder rund auf der Tanzflaeche.



    UPDATE 2


    Venezuela cancels "all" mining concessions


    Thu Sep 22, 2005 12:44 AM ET
    (Adds quote, background)
    By Matthew Robinson


    CARACAS, Venezuela, Sept 21 (Reuters) - Venezuelan President Hugo Chavez said on Wednesday his government was cancelling all mining concessions and would not award any new deals to transnational companies as part of a wider sector restructuring.


    "Recently ... we decided, after looking at this and looking at that, to cancel all mining concessions. We will not give any more concessions to transnationals," Chavez said in a speech late on Wednesday.


    Left-winger Chavez has launched a broad campaign to review energy and mineral contracts signed by Venezuela before he first won office in 1998. He says some of the deals are robbing the world's No. 5 oil exporter of its natural resources.


    "(This) is to recuperate the national power, the sovereignty to manage our resources," he said.


    Among major foreign companies mining in Venezuela are Canada's Crystallex (KRY.TO: Quote, Profile, Research) , Bolivar Gold (BGC.TO: Quote, Profile, Research) , U.S. firm Hecla Mining Co. (HL.N: Quote, Profile, Research) and China's Shandong Gold-Mining Co. Ltd. (600547.SS: Quote, Profile, Research) .


    Hecla is the country's largest and most active gold producer.


    Crystallex has been waiting for an environmental permit to build a mine on the Las Cristinas deposit, one of the world's largest undeveloped gold projects.


    Chavez had said on Tuesday the government would create a new state mining company, modelled after state oil firm PDVSA, in the Las Cristinas region.


    But Crystallex Chief Executive Todd Bruce said "earlier" on Wednesday there was no change in the status of the Las Cristinas project or the firm's contract to operate a mine there. ?(


    Government officials previously said they would revoke some inactive gold and diamond mining concessions and would not issue new ones.


    Chavez, who says his self-proclaimed socialist revolution is an alternative to the failures of capitalist policies in South America, has ordered oil firms to shift from operating contracts to joint ventures giving PDVSA a controlling stake in projects.


    The government has also raised taxes and royalties on other oil projects operated by foreign firms in a measure to increase government revenues from the energy sector.

  • Herbst der offenen Hausse (PoG 600)

    Ich sags Euch ich habe die Schnauze so voll von Kebble's und Swanepoel, bei denen habe ich schon viel verloren. Die Typen sind fuer mich die groessten Gangster die es gibt in RSA.



    "So ist das nunmal "


    Da lege ich lieber bei Hugo Chaves an als nochmal bei denen.


    Das war teures Lehrgeld. :(


    XAX

  • Herbst der offenen Hausse (PoG 600)

    Ich lege das mal hier rein, die habe echt noch was anderes offen.
    Neger machen die Bilanz.... :D




    RNG
    Randgold & Exploration Company


    Limited - Media Statement
    RANDGOLD & EXPLORATION COMPANY LIMITED



    (Incorporated in the Republic of South Africa)
    (Registration number 1992/005642/06)
    Share code: RNG (suspended) ISIN: ZAE000008819
    Nasdaq trading symbol: RANGE
    ("Randgold" or "the Company" or "the Group")
    Randgold announces a change of Auditors and receipt of Notice of Delisting from
    The Nasdaq National Market
    The Group"s auditors, Charles Orbach & Co., have notified Randgold of their
    resignation from the audit of the Company"s financial statements as of and for
    the year ended December 31, 2004. The reason given for the resignation was that
    material financial information to conduct and complete the audit was not
    available timeously.     KPMG Inc. has agreed to accept the appointment as auditors
    to Randgold, subject to completing certain client acceptance procedures.
    Randgold remains committed to finalising and publishing its audited results as
    of and for the year ended 31 December 2004 as soon as is practicably possible,
    and to complete and file its Form 20-F with the U.S. Securities Exchange
    Commission shortly thereafter.
    It is anticipated that the audited annual financial statements of the Group will
    reflect material differences compared to the reviewed preliminary results for
    the year-ended December 31, 2004, which were published on April 29, 2005, and as
    a consequence Randgold hereby gives notice withdrawing the previously published
    preliminary results and that such preliminary results should not be relied upon
    by investors.
    The principle changes in terms of accounting treatment relative to those
    utilised in preparing the reviewed preliminary results are as follows:
    AC110 - Investments in Associates
    This standard requires that if a company has significant influence over an
    investment it should equity account for the investment. As a result of the
    scrip lending arrangement entered into by the Group, Randgold does not currently
    believe that significant influence over Randgold Resources Limited ("RRL") can
    be demonstrated, and that the method of accounting for the investment in RRL
    should be changed to one of fair value in accordance with AC133 - Financial
    Instruments: Recognition and Measurement ("AC133"). As a consequence of applying
    AC133 on the RRL investment, the preliminary results as previously published are
    expected to be revised to show the impact of taking the change in the market
    value of RRL to equity reserves and bringing account a portion of the
    attributable income on an equity method. In the preliminary reviewed results,
    RRL was accounted for on the equity method. The Group expects that the nature
    of these changes will be material in terms of the previously reported reviewed
    preliminary results.
    Kabusha
    A subsidiary of Randgold, Kabusha Mining and Finance (Pty) Ltd"s ("Kabusha") :D
    audited financial statements have changed significantly from those used to
    prepare the reviewed preliminary financial results published.     The auditors of
    Kabusha are different from those of Randgold. Kabusha"s audited financial
    statements disclosed that a significant portion of its listed investments were
    disposed during the year ended 31 December 2004, whilst these were still shown
    as investments in the reviewed preliminary financial results. A further
    complication in the consolidation of the Kabusha accounts into those of
    Randgold, is the liability that was settled by JCI Ltd for the amount owing by
    Kabusha to Benoryn for the Aflease shares purchased. This amount was not
    reflected in the accounts used to compile the reviewed preliminary results.
    Listed Investments
    In terms of SA GAAP, the fair value adjustments on listed investments were
    accounted for in an equity reserve in the reviewed preliminary results and the
    diminution in value was considered as not to be permanent nature. Due to the
    continued low market price of these investments subsequent to year-end, Randgold
    expects that it will adopt a conservative approach and account for this
    diminution in the Income Statement.


    Angolan investments
    When preparing the reviewed preliminary results, the book value of the Angolan
    assets were shown at the original acquisition cost. Discount cash flow
    valuations for the concessions, some of which are early grassroots exploration
    opportunities, are not amenable to this valuation methodology, and hence
    expected that the audited financial statements will reflect an impairment of
    these assets.
    The total impact on, and the period of time to complete, the Group"s audited
    financial statements cannot be known until the audit is completed by the Group"s
    auditors, and the Company"s Audit Committee and Board complete their
    deliberation thereof. Consideration will be given to publishing unaudited
    results in the interim after consultation with JSE Limited in the light of the
    withdrawal of the previously published preliminary results.
    Randgold received notice from The Nasdaq National Market indicating that the
    Company"s securities were delisted from The Nasdaq National Market effective as
    of the opening of business on September 21, 2005 due to the Company"s failure to
    timeously file its Form 20-F for the year-ended December 31, 2004, as required     under Nasdaq Marketplace Rule 4310(c)(14).
    The delisting notice followed the Company"s filing with The Nasdaq National
    Market of a compliance plan requesting an extension of time for the Company to
    regain compliance with the Nasdaq Marketplace Rules. The Company supported its
    request for an extension at a hearing held before the Nasdaq Listing
    Qualifications Panel. The Company currently intends to appeal the delisting
    decision to the Nasdaq Listing and Hearing Review Council, however, such appeal
    will stay the delisting and there can be no assurance that any such appeal would
    be successful.
    The Company is currently examining other available trading alternatives for its
    securities in the United States, including Over-the-Counter ("OTC") trading. :D Am Flohmarkt ! :D

    21 September 2005
    Johannesburg
    Sponsor
    Sasfin Corporate Finance
    A division of Sasfin Bank Limited
    Date: 22/09/2005 07:05:16 AM Produced by the JSE SENS Department

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

    http://www1.nasa.gov/missions/solarsystem/cev.html


    Before the end of the next decade, NASA astronauts will again explore the surface of the moon. And this time, we're going to stay, building outposts and paving the way for eventual journeys to Mars and beyond. There are echoes of the iconic images of the past, but it won't be your grandfather's moon shot.


    Bis jetzt ist er den Goldbugs gut gesinnt, aber gefaehrlich wenn Rita kommt. 1000 Tote waren schon genug die Katrina mitnahm, und nun steht Rita vor der Tuer was Gold noch hoeher schieben kann.

  • Juniors aus Kanada

    Noch was zu KRY Tschonko ;)



    "Jeder Staat hat das Recht permits zu widerrufen od. zu verweigern, ist auch schon in Mexico passiert"......


    Ja ueberall !!


    "Gestern wurde auf Chavez geschimpft. Dabei hat der nur die Wahrheit gesagt und auf die Rechte des Staates angespielt."



    Der Hugo hat gestern den Mund recht voll genommen mit einigen Tequila's... besoffene und Kinder sagen die Wahrheit. :D


    Der Reporter von DOW JONES WIRE ist schuld, der hat den Tsunami ausgeloest. Und die Trotteln von Hedge Funds haben abgeladen sind wie die Hasen gerannt. :D


    Bei sowas greif ich zu, kann ja spaeter kuerzen.
    Fuer mich hat die den Boden gesehen es kann aufwaerts gehen weil sich wieder alles einpegelt.


    Wenn Rita die US hart trifft und ein fallender Dollar sind wir ganz schnell bei der 500 $ Grenze.


    So, mein Startloch ist nun 225 HUI, ich hoffe die sehe ich nie mehr.



    Gnight, Time out, I watch now from the sideline.


    Its been a long way to get to this point 240 HUI.


    Das Geschwader steht nun bereit , endlich !


    XAX


    ....
    Hier noch die GOR.V Goldrea Chart, siehe oben Moriarty pdf Report.
    Explorer, da heisst es warten aber fuer den Radar gut genug. ;)

  • Juniors aus Kanada

    Explorer :D



    Der Grund warum ich ein Kissen unter Dynasty warf ist die Hoffnung von riesigen Exploration Potential und ein besseres Management sowie baldige Bohrergebnisse die gut ausfallen. Vielleicht verbrennen sie zu viel Cash beim suchen, die meisten PP's gingen zwischen 30-40 cents. Die steht nun auf 20 cents, that's nasty ! X(


    3 Projekte/Gebiete die groessten in China als "Junior".


    Glatte 2500 qkm, 12.1 millionen USD fuer Exploration wird benoetigt um den 70% Anteil am Projekt zu bekommen


    Mit ein wenig Glueck schluckt die ein Senior.


    http://www.dynastygoldcorp.com/


    Hier ein alter Bericht von Moriarty als Pdf vom 24.Oktober 2004 wo der Stcok das doppelte war. So bloed wie ich bin kann ich nicht die Financials finden auf deren Webseite, da wuerde Tambok einen Lachkrampf kriegen. :D
    Goldrea ist auch beschrieben im PDF Report, aus der koennte auch was werden.


    China Poker, mal schaun ist eh auf Langzeit, vielleicht zu viel Gewicht. ? :D


    http://www.dynastygoldcorp.com/i/pdf/2004-10-25_321G.pdf


    Gnight


    XAX

  • Crystallex International Corp. WKN 890 729 CA22942F1018 KRY

    UPDATE 2-




    "The news media is way off base, blew everything out of proportion, and the controversy will, once again, subside." ( das wars !)
    Dow Jones News wire... :D


    Crystallex moves to ease fears. stock claws back :))


    Wed Sep 21, 2005 01:16 PM ET



    (Recasts with stock price move, analyst comment, other Venezuelan miners. Changes dateline from OTTAWA)


    By Nicole Mordant


    VANCOUVER, British Columbia , Sept 21 (Reuters) - Shares in Crystallex International Corp. (KRY.TO: Quote, Profile, Research) clawed back about half the value they lost on Tuesday after the Canadian mining company moved on Wednesday to soothe investor panic that its big Venezuelan gold operation could be nationalized.


    "The stock has climbed back with clarification from the company," said John Ing, an analyst at Maison Placements in Toronto, as Crystallex's stock gained 66 Canadian cents, or 40 percent to C$2.31.


    Crystallex's stock sank 48 percent to a two-year low of C$1.65 on Tuesday after comments from Venezuelan President Hugo Chavez about the Las Cristinas area, where Crystallex's property is located. "That belongs to Venezuela, and there we are going to create a national mining company," Chavez said in a speech.


    But Crystallex's chief executive, Todd Bruce, said on Wednesday that there has been no change in the status of the Las Cristinas project or the firm's contract to operate a mine there. It has always been clear that Venezuela owns the find, he said.


    "The Las Cristinas deposit is indeed owned by Venezuela and administered through the CVG (Venezuelan Guayana Corp.), which is a regional natural resource development arm of the central government," he said. "The CVG has contracted Crystallex to be its operator for the Las Cristinas project."


    Ing said it did not help that the scare came at a time when Crystallex investors are already on tenterhooks because they are waiting for a long overdue environmental permit that the company needs before it can start building a mine on the property.


    The Las Cristinas project is one of the world's largest undeveloped gold projects and Crystallex's flagship venture but its development has been delayed for years because of legal wrangles and hold-ups in obtaining permits.


    Once in operation, it is expected to produce about 300,000 ounces of gold a year in its early years.


    "This (stock) is definitely not for widows or orphans, yet at the same time this is 12 million ounces (of gold) and that's why so many people are talking about it," Ing said. :D



    Shares in other mining firms with properties in Venezuela were also in recovery mode on Wednesday after being spooked by the nationalization alarm.


    Gold Reserve Inc. (GRZ.TO: Quote, Profile, Research) , which owns the Brisas gold and copper project, rose 10 percent to C$3.44 after losing 24 percent of its value on Tuesday. Bolivar Gold (BGC.TO: Quote, Profile, Research) , which owns the Choco gold properties, rose 8 percent to C$2.60 after sliding 16 percent on Tuesday.


    (Additional reporting by Susan Taylor in Ottawa)