Beiträge von Edel Man

    Aladin


    In 1Jahr vergleichen wir wieder!!
    Die GG musste her,alte Liebe, und war nur Teil des Erlöses der SSO!
    Diese war mit 8,0 % des Depots viel viel zu schwer geworden.


    GG hat den HUI weit outperformed und wird es weiter tun.
    (Bekomme den HTML-Chartvergleich nicht rein.)


    Grüsse

    Hab mich von einem Teil der zu depotlastigen SSO/SSRI getrennt.


    Dafür Wiedereinstieg in Goldcorp/G,nach deren Delle.


    Hatte mich lange gewurmt, daß diese Superperle nicht mehr dabei war.


    Grüsse

    Ein bemerkenswerter Absatz aus dem Lasco Report.
    Mit den Kernaussagen stimme ich überein. :]
    Grüsse
    ___________________________________


    First and foremost on my list of things to do would be to take a position in gold and silver. This includes the purchase of physical gold and silver, as well as futures contracts, and selected mining shares. The initial position should be done with out trying to "time" your entry. Just take a position and live with it. It's a Bull Market and if you bought gold at $480.00 or $440.00, really it won't matter when gold is at US $1,600/ounce in three or four years :))Do not attempt to time the tops and bottoms; you'll only succeed in loosing your position and paying up to get back in. What I'm suggesting is the easiest thing to say and the hardest course of action to follow: get on the Bull's back and stay on until he's drawn his last breadth! I assure you that the present Bull Market in gold will last well toward the end of our present decade, and maybe even longer. We are in the early stages of the second phase of a Bull Market, a second phase that will be characterized by the J. P. Morgan's of the world recommending gold to the general public. It should be noted that the second phase tends to be the longest in a Bull Market.

    Posted to the web on: 17 October 2005
    Harmony takes a break from buying
    Stewart Bailey


    Bloomberg


    HARMONY Gold, the South African gold producer that has bought more than 20 mines over the past decade, will wait for its share price to gain a third before it buys any more.


    “Our shares are not at the right level to do deals in the short term,” Ferdi Dippenaar, Harmony’s marketing director, said in an interview in Johannesburg.


    “When the share gets to more than R100, we will look at more acquisitions.”


    Dippenaar and CE Bernard Swanepoel have made 26 acquisitions over the past decade.This boosted Harmony’s output six-fold and transformed it from a one-mine stock, to the world’s sixth-largest gold producer.


    It has used its own shares and some cash to buy unprofitable and struggling mines, then slashed costs by cutting jobs, closing offices and changing mining methods.


    The company’s shares traded at R69,40 last week, taking their gain for the year to 35%.


    They are still 17% below R83,50, the level they were trading at in October last year, when Harmony made its failed hostile bid for control of Gold Fields, a rival valued at nearly twice its size. That bid cost Harmony R183m in legal and consulting fees.


    It was left with about 11,5% of Gold Fields and sold about half of that in June , for R10,50 a share. It is keeping the rest of the stake in anticipation of bullion reaching $500/oz by the end of the year, causing a surge in gold stocks.


    Harmony, like its South African mining peers, including Gold Fields and AngloGold Ashanti, the world’s second-biggest gold producer, has struggled as the rand’s 83% advance against the dollar since the end of 2001 crimped profit.


    The currency’s strength has been one factor causing the company to report six consecutive quarterly losses. “It’s prudent for them to focus on restructuring,” said Stephen Roelofse, at Sanlam Investment Managers in Cape Town. “When you’ve got your back to the wall, people don’t rate your paper.”


    The run of quarterly losses prompted Harmony to announce in July that it would cut as many as 5000 jobs and close some shafts. The company hopes the changes will help it cut costs to R75000/kg by December, 14% below the level in the June quarter.


    Harmony is developing five new projects in SA and another in Papua New Guinea. The new mines are aimed at boosting production from the 3-million ounces expected this year, at a cost of $412/oz, to 3,5-million ounces in 2009, at less that $300/oz, Dippenaar said.

    Nun sind diese Depotleichen eigentlich Scheintote. :D


    18% Nieten sind wirklich ertragbar.
    Von denen erleben sicher so um 50% eine Wiederbelebung. :]


    Aladin, von Deinen hab ich CZN und NPG. RANGY flog vor einiger Zeit raus.
    Ulkig, daß Du die NPG auch hier ansiedelst.


    Selbst biete ich noch NSU an. X(


    Grüsse

    Minerals and Mining Bill Under Scrutiny


    Ghanaian Chronicle (Accra)


    October 14, 2005
    Posted to the web October 14, 2005


    Joseph Coomson


    Seventy representatives from across all mining areas in the country are outraged at the way Members of Parliament (MPs) from the areas have remained silent about their plights in the promulgation of the Mining and Minerals bill into law.
    Expressing their concerns about the bill, which has been designated as one of the emergency bills to be passed when parliament resumes, community representatives revealed that, but for the advocacy campaign of the National Coalition on Mining (NCOM), they would not have known that the mineral and mining bill existed.


    These came to the fore on the first day of a two-day National Conference of communities affected by mining activities organized by the Third World Network and the Coalition on Mining in Accra yesterday.


    They called on parliament to consider the views of ordinary people who were living in mining communities in the process of promulgating the bill, as it had not received the desired contribution from them.


    A representative, Richard Alima from Obuasi did not understand that after over a hundred years of mining, the town had nothing to show for it except poverty, cyanide-infested crops, abuse of human rights, the destruction of property as well as environmental degradation.


    He appealed to parliament and the drafters to inculcate into the bill, the human right aspect that life is more important than mining when it comes to conflict between mining and human rights.


    Mr. Alima called on the Commission for Human Rights and Administrative Justice (CHRAJ) to investigate the incident in which an illegal miner was hurt at the AngloGold Ashanti's Obuasi mine.


    He was however disappointed with the MP of the areas, as he had not educated his constituents on the bill and done nothing for the Obuasi Community.


    Gibson Asante, from the Sefwi Ahiaso/ Bibiani area said AngloGold Ashanti, Bibiani Limited, Chirano Gold and the Ghana Bauxite Company Limited had been polluting the environment of the area. He said frequent blastings by the companies had cracked buildings in the area but inadequate compensations were paid for properties destroyed.


    He accused Chirano also of creating dams that bred mosquitoes.


    Mr. Asante called on parliament to come to his area to explain the bill to them.


    Richard Adjei-Poku, on his part, said the women in the Kenyasi area where Newmont Ghana operates do not respect men who do not work with Newmont because men who do not work for Newmont are classified as poor people because Newmont pays their workers well. Mr. Adjei-Poku noted that the youth of the area have been employed for only the menial jobs.


    He complained as well of high rent in the area as more people enter the town.


    Kwesi Blay, who represented the Himan and Prestea area, blame the poor state of the town on assemblymen and District Chief Executives (DCEs) who have sided with mining companies by soliciting for contracts. "Hospitals have been designated for the dumping of waste products from their mines."


    Mr. J.A. Osei from Tarkwa further asked, "Should we leave cocoa which fetches the country 60% of the country's foreign exchange earning to go waste in favour of surface mining?"


    He was of the view that surface mining came to kill people of the mining communities. Mr. Osei noted also that only 5% of profit from the mining industry is retained, leaving Ghana nothing for development.
    Relevant Links
    West Africa
    Sustainable Development
    Mining
    Ghana
    Legal and Judicial Affairs
    Health and Medicine


    Opening the conference, Dr. Yao Graham, Coordinator of the Third World Network said the bill should not be left in the hands of politicians and the minerals commission but to the people who live in the communities where mining coys operate.


    He said the undemocratic processing of the bill is bad, as no dissenting views were included, especially Non-Governmental Organisations (NGOs) and the people in mining areas.

    Monday October 17, 11:08 AM
    Citigroup Expects Gold, Platinum To Shine In 2006
    SINGAPORE (Dow Jones)--Prices of gold and platinum are likely to stay high for the rest of this year and into 2006, Citigroup (C) said over the weekend.


    Gold prices have been resurgent, underpinned by robust demand and restricted mine supply, according to the bank's analysts Alan Heap, John Hill and Fidelis Madavo.


    ADVERTISEMENT
    Fabrication demand has been resilient in a period of rising gold prices, entering on the dips and providing critical support, said the analysts.


    Gold fabrication in the first half of this year rose 13.5% to 1,768 tons, led by the jewelry sector.


    On the supply side, mine production is falling short of forecasts and will probably only grow by 1.3%, compared with expectations of 3.0%-3.5% at the beginning of the year.


    And while there are new projects on the horizon, these are unlikely to offset continued slippage in the world's top producer, South Africa, said the analysts.


    Other supportive factors include inflationary surprises, which continue to fill in as ripple effects from high crude prices are felt, as well as renewed bouts of dollar weakness.


    They have raised their average forecast for the second half of 2005 from $438 to $457, and from $450 to $470 in 2006.


    "Within these averages, we fully expect a test of $500 per ounce. Given recent action heading into a seasonally strong period, this may well occur before year-end."
    In the case of platinum, robust demand from the European automotive sector as emission legislation tightens and limited expansion by South African producers will keep prices buoyant.


    The analysts have raised the average price in the second half of 2005 from $868 to $893, and from $847 to $897 in 2006.
    _______________________________


    Das größte Finanzinstitut der Welt, das selbst an "Schräubchchen" dreht. ;)

    GSP-Komet


    Das ist wieder eine andere Sache,aber die Dinge sind doch schlüssig:
    Klar sind der HUI/die meisten Goldaktien hinter dem Gold zurückgeblieben.


    Q E D (Was zu beweisen war)


    Aber genau deshalb werden sie dies wieder aufholen.!


    Grüsse

    Am Empfehlungstag lag NPG sogar auf 0.64C$,Aladin.


    2 schlechte Nachrichten sind aber eben mind.eine zuviel.


    Mir fällt ein:vor Wochen hatten Tschonko,Du und ich verglichen,
    daß wie praktisch gleichen EP hatten,enormer Zufall.


    Das ganze guck ich mir in Ruhe an,erst wenn der Absturz
    beendet,finden die eventuell wieder gnädige Aufnahme. :))


    Grüsse