aurion explodiert - 500 Beiträge pro Seite

[006]

.......und ich ar....hab sie letzte woche zu 3.3A$ verkauft um umzuschichten
kurs aktuell 4.5A$
bald wird alles steigen sogar gehedgte werte
viel glück
006

[gholzbauer]

Sunday May 26, 10:13 pm Eastern Time

Reuters Company News
Placer Dome bids $1.1 bln for AurionGold

(adds details from conference call, analysts, shares)

By Tom Johnson and Wendy Pugh

NEW YORK/MELBOURNE, May 27 (Reuters) - Placer Dome Inc (Toronto:PDG.TO - News) joined the ranks of North American gold mining predators on Monday, launching a A$2 billion ($1.1 billion) stock bid for Australia`s AurionGold Ltd (Australia:AOR.AX - News).


The unsolicited offer, which comes as bullion trades at its highest price in more than two years, would create the world`s No. 5 gold mining company with output of more than 3.8 million ounces per year.

"This deal makes good sense for everyone," Placer Dome chief executive Jay Taylor told a briefing.

"This is not only a logical move that will create more opportunity and greater long- term value, it is another step in the consolidation of the global gold industry."

Toronto-based Placer Dome said it would offer 17.5 of its shares for each 100 AurionGold shares. Based on closing prices Friday, that valued the Australian firm at $2.51 (A$4.51) a share, a 30 percent premium to Friday`s close.

A takeover would give Placer Dome full ownership of the rich Granny Smith gold mine in the West Australia outback and lift its stake in the Porgera mine in Papua New Guinea to 75 percent.

Aurion also has runs a gold mine in Tasmania state and has a 21 percent stake in a Zimbabwean platinum mine.

Placer Dome forecast annual post tax synergies of $25 million, helping push the combined companies cash cost of mining down to $175 per ounce.

Taylor said he had already secured the support of AurionGold`s leading shareholder, South Africa`s Harmony Gold Mining Co Ltd (HARJ.J), which has agreed to vote its 9.8 percent stake in favor of the acquisition.

Shares in AurionGold, created last year from the merger of Delta Gold Ltd and Goldfields Ltd, jumped as high as A$4.60 at the open but eased to A$4.57 around noon (0200 GMT).

Taylor told Reuters he wasn`t fretting over a counter-bid.

"It`s hard to believe somebody could make a better synergistic case than we can," he said, "We know each other and there`s already a level of comfort between the two companies."

The unsolicited bid came as gold prices hovered around highs of $320 an ounce amid concerns about new attacks on U.S. landmarks, continued violence in the Middle East and escalating tension between India and Pakistan.

TOP SHAREHOLDER SUPPORTING BID

The bid by Placer Dome marks the second offer to acquire a large Australian gold mining firm in the last year. Only South Africa and the United States produce more gold than Australia.

Late last year, Denver-based Newmont Mining Co.`s (NYSE:NEM - News) paid $2.1 billion for Australia`s largest gold producer Normandy Mining after a pitched battle with South Africa`s AngloGold Ltd. (ANGJ.J).

Analysts said they would be surprised if another bidder emerged for AurionGold, given the cross-ownerships that exist, Placer Dome`s high-priced scrip, and support for Placer Dome from Harmony Gold.

"It would be a pretty high risk strategy for AngloGold or anyone else to come out on this one unless they wanted a pretty difficult bidding war," said an investment banker.

"AngloGold`s appetite for bidding wars isn`t as high as it may have been a year ago," he said.

Placer Dome`s role as operator of Porgera and Granny Smith and the fact that North American gold miners were trading at a premium to other gold miners, would give it a big advantage in any bidding war.

Other potential counterbidders would be Canadian miner Barrick Gold Corp (Toronto:ABX.TO - News; NYSE:ABX - News) and Newmont Mining, but analysts added Newmont was absorbed in digesting Normandy.

"If they`re using highly valued paper, which most of the North Americans have, anybody could have a crack at it," said an analyst in Sydney. "I don`t think anyone is going to do anything for a little while."

The bid was conditional on at least 50.1 percent acceptance.

AurionGold was due to release a statement later on Monday on the offer, which would have to be approved by the Australian Foreign Investment Review Board.

($1=A$0.56)

(Additional reporting by Sonali Paul and James Regan)

[howling wolf]

       UPDATE 2-Placer to cut Auriongold hedges
        MONDAY, MAY 27, 2002 2:15 AM
 - Reuters U.S. Company News

(Adds more CEO quotes)

By James Regan

SYDNEY, May 27 (Reuters) - North American gold producer Placer Dome Inc (PDG) (CA:PDG) said on Monday it will reduce the gold hedge book of takeover target AurionGold Ltd if its bid for the Australian miner is successful.

"Our intention is to reduce the size of the book to bring it more in conformity with Placer`s policy, which is to have a modest amount of hedging, and leave most of the upside to our shareholders," Placer president and chief executive Jay Taylor told a media teleconference.

Placer Dome is offering 17.5 of its shares for each 100 AurionGold shares. Based on closing prices Friday, that would value the Australian firm at A$4.51 per share, representing a more than 30 percent premium to the company`s closing price on Friday of A$3.48.

With bullion trading at its highest level in more than two years, AurionGold had already planned to reduce its forward sales exposure to 60 percent from 86 percent of its total reserves over the next two years by delivering gold into its hedge book and by increasing its reserves.

Placer was also cutting its existing hedge book to around eight million ounces by the end of the year.

"We`re pretty happy with the gold price. We are bringing our own book down, which at last quarter was about 8.6 million ounces," Taylor said.

"Our desire is to see less than 20 percent of our minerals reserves committed," Taylor said.

Taylor later told analysts the hedges would be closed in a "prudent way" beneficial to shareholders.

"I`m not certainly going to close out the whole hedge book as soon as this transaction closes," Taylor said.

AurionGold, which was formed in December 2001 by the merger of Goldfields Ltd and Delta Gold Ltd, reduced its hedge book slightly to 5.5 million ounces at the end of the last quarter.

Gold hedging -- selling unmined nuggets at fixed prices -- has been a popular industry tactic to guarantee revenue and thwart cyclical price downturns.

But critics assert the practice stymies market-driven price moves.

It has also punished some heavily hedged companies, which actually lost money when they were forced to buy back gold hedges at higher prices than they had agreed to sell under options agreements.

Taylor said the plan will be to deliver into AurionGold`s hedges, rather than opt for a quick disposal, a strategy which commodities analysts expect will do little to influence bullion prices.

Aurion reported a net profit of A$20 million for the March quarter achieved on gold production of 238,711 ounces, mined at an average total cost of A$419 an ounce.

[howling wolf]

Trotz 7,39 % Minus bei Placer Dome gestern Nacht in Toronto
liegt AOR heute morgen in Sydney mit A$ 4,60 leicht im Plus.
Anscheinend spekuliert man dort trotz aller Dementis doch auf einen Gegenbieter.
hw

[DBrix]

Salve howling wolf!

Letzte Woche wollte ich meine Aurions aus lauter Langweile mit leichtem Profit verkaufen.
Weil mir nicht so richtig einfiel, wie ich den Erlös anlege, habe es dann doch nicht gemacht.
Da ist ja wohl ein



an mir vorübergezogen!

[Sovereign]

Hallo DBrix,

als gestandener Aurion-, vormals Delta Gold-, vormals Ross Mining Aktionär halte ich meine Aktien erst mal weiter.
Ich schätze Placer hat noch ein bißchen draufzulegen (evtl. eine kleine cash Komponente) um hier zu Zuge zu kommen.
Vielleicht gibt AngloGold ja auch ein Gegenangebot ab (die kamen ja schon bei Normandy nicht zum Zuge). Barrick oder Gold Fields könnten auch noch etwas mit Aurion vorhaben.
Denn, wenn Aurion übernommen ist, bleibt als großes takeover target in Australien nur noch Newcrest und die sind fundamental auch nicht gerade billig

Gruß

Sovereign

[DBrix]

Hallo Sovereign!

Als ich Ende 1998 das erste Depot eröffnete,
leistete ich mir gleich einen klassischen Anfängerfehler:
60% des Kapitals in einen einzigen Wert, Delta Gold.
Ich nutze die Gunst der Stunde, und tausche ein Drittel meines Bestandes in
Babcock BSH (für 2,30!, letze Dividende 50 cent, in diesem Jahr gibts aber keine).
Was den Rest an geht: Schaun mer mal...

(Gold aktuell 327 )

[ocjm1]

ist jetzt erstmal ruhe im karton bei aurion?

nach den kursgewinnen der letzten monate konnte ich nicht widerstehen und muße 1/3 meiner position mit ansehnlichem gewinn zu 2,89 euro verkaufen.

schätze die übertreibung wegen übernahme durch placer dome, dürfte in den nächsten tagen abbauen.

goldpreis kann sicherlich noch kurzzeitig einen peak bis auf 330 $ machen, sollte aber dann bis auf ca. 310 abtauchen. erst wenn ein boden über 300 $ gefunden wird, ist mit einem weiteren anstieg gen 350 zu rechnen. und das kann sich noch einige wochen hinziehen.

die macht der großanleger sollte man nicht unterschätzen, die ganz sicher alle unternehmen werden um wieder einen deckel auf die pandorra zu bekommen.
schlüssel für die entwicklung der nächsten wochen ist der kaschmirkonflikt, der wegen der exorbitant großen shortpositionen der 3 us-großbanken zur not von unserem "FREUND" bush auch mit militärischen drohgebärden unterdrückt werden könnte.

daher nach dem alten motto:

an gewinnmitnahmen ist noch keiner gestorben, somit erstmal weitere reduzierung des goldminenbestandes auf jeweils 2/3 der positionen geplant.

so schläft man enfach besser.

ocjm

[hotspot33]

Gewinnmitnahmen bei Gold - Ausblick gut

London, 30. Mai (Reuters) - Gold hat am Donnerstag in den europäischen Märkten zeitweise unter Gewinnmitnahmen gelitten. Händler sagten jedoch, der Preis des gelben Metalles dürfte aufgrund der andauernden Spannung zwischen Indien und Pakistan und der Dollarschwäche weiter nach oben zeigen. Das zweite Londoner Goldfixing lautete auf 326,00 Dollar nach 324,65 Dollar am Vormittag und 327,05 Dollar am Mittwochnachmittag, was den höchsten Stand seit dem 16. Oktober 1997 dargestellt hatte. Nach einem Tagestief bei 323,90 Dollar notierte Gold am Spotmarkt zu Handelsschluss in London bei 324,75/325,25 Dollar nach 326,40/326,90 Dollar zum Vorabendschluss in New York. "Der Markt will nach oben, und er wird es tun," sagte ein Händler. Marktbeobachter sagten, am Donnerstag sei es verschiedentlich zu Gewinnmitnahmen gekommen; aufgrund des schwachen Dollars hätten dann aber jeweils wieder europäische Anleger zugeschlagen. So bleibe Gold komfortabel in der gegenwärtigen Spanne und habe gute Chancen, den nächsten Widerstand bei 327 Dollar zu testen. kdo/par Veröffentlicht von RZ-Online am 30.05.2002 18:41