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[Bobby182]

Der noch weiter geht...

www.drdgold.com

Seit seiner Entstehung vor knapp 110 Jahren ist DRDGold zu einem hochambitionierten Unternehmen herangewachsen, das seine Stellung als wichtiger Player auf dem Goldmarkt mit einer jährlichen Produktion von über einer Million Unzen zu Recht inne hat. Darüberhinaus beziffern aktuelle Schätzungen die Reserven in den 5 südafrikanischen und den 3 ausländischen Minen auf 17 Millionen Unzen, was in etwa 22 Jahresproduktionen entspricht. Zudem kann DRDGold weitere Ressourcen in Höhe von rund 67 Millionen Unzen Gold (Stand: 02/2004) vorweisen.

http://www.goldseiten.de/content/firmen/durban/index.php





Die ADR´s mit A0DNZ1 haben deutlich größere Umsätze, lassen sich bei WO allerdings nicht anzeigen

[Bobby182]

akt. 1,21€

http://www.us-aktien.com/realtime.htm

in den Ticker DROOY eingeben

[Sebastian1988]

uff luft bis 1.5€ wenn mein depot nicht voll ausgelastet wäre schade!

[Goldiger]

SYDNEY, Nov 17 (Reuters) - South Africa`s DRDGOLD Ltd. DRDJ.J said on Thursday it would put its Papua New Guinea gold interests into Australia-listed Emperor Mines Ltd. (ASX: EMP.ax) in a $230 million mainly scrip deal aimed at building a South Pacific mining house.

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Shares in Emperor, which will be 90.5 percent owned by DRDGOLD after the deal, jumped 31 percent to A$0.425 on expectations that the expanded group would seek other acquisitions in the region.

The PNG holdings of DRDGOLD, DRDGOLD, South Africa`s fourth largest gold miner, include a 20 percent stake in the one-million-ounce-plus Porgera gold mine, and its wholly-owned Tolukuma lode.

Emperor, which has struggled for years to fully exploit its sole asset, the Vatukoula gold mine in Fiji, would be provided with a clearer growth strategy and new investment opportunities by acquiring the Papua New Guinea mines, DRDGOLD Chief Executive Mark Wellesley-Wood said.

"This opens up a range of possibilities for Emperor," Wellesley-Wood said. DRDGOLD already has a 45 percent stake in Emperor.

He noted that potential growth could come from lesser known gold mining centres, including neighbouring Vanuatu, and did not rule out Papua New Guinea`s number two gold miner Lihir (ASX: LHG.ax) and other smaller miners.

Last week, DRDGOLD accquired a five percent stake in Allied Gold Ltd. (ASX: ADL.ax) , which is digging a gold mine on Papua New Guinea`s Simberi Island.

The move would also lift Emperor`s annual gold yield to more than 375,000 ounces, ranking it as Australia`s third largest strictly gold miner traded on the Australian Stock Exchange.

"Through the purchase of Porgera and Tolukuma, Emperor`s financial and operational future is enhanced through the acquisition of lower cash cost assets, while allowing Emperor`s shareholders to benefit from operational and geographic diversification," Wellesley-Wood said.

Spot gold XAU= currently sells for $480 an ounce. Faced with declining ore richness at home and changes to mining laws, DRDGOLD moved several years ago to invest in the South Pacific, part of a national industry trend to diversify holdings outside of South Africa.

DRDGOLD valued the transaction at $230 million, with the South African company receiving 751.9 million new Emperor shares issued at 35 cents each and $30 million in cash for the sale.

Shares in Emperor, which had lost 50 percent of their value since January, spiked on the news, valuing the group at A$67 million.

Pending shareholder approvals from both companies, Emperor would also seek to raise about $15 million via a placement of new shares early next year, earmarking $10 million for expansion work at Vatukoula and the rest for the Papua New Guinea mines, Wellesley-Wood said.

Canada-based Placer Dome Inc PDG.TO holds a 75 percent stake in the Porgera lode, located in Enga province, and the provincial government 5 percent.

Emperor`s annual loss ballooned in 2004/05 as it mined less gold and wrestled with higher fuel costs, over-staffing and ageing equipment to A$33.7 million ($24.6 million) against a A$4.9 million loss the previous year. ($1=A$1.37)

[Goldiger]

Gold miner DRDGold signs an agreement to transfer its 20% interest in the Porgera joint venture, its 100% interest in the Tolukuma gold mine, and all DRDGold’s exploration tenements in Papua New Guinea to Australian gold miner Emperor Mines for US$230-million. With DRDGold chief executive Mark Wellesley-Wood

LINDSAY WILLIAMS: Mark, can you just tell us the background to this deal?

MARK WELLESLEY-WOOD: We’ve had a shareholding in Emperor, as you know, for some time - we had 45% in this company. This transaction really marks the consolidation of all DRDGold’s interests in the Pacific Rim. We’re getting US$230-million - that’s divided between US$30-million in cash, and US$200-million in Emperor shares. DRDGold will own about 90% of Emperor after this transaction - so it will be a wholly-controlled subsidiary of DRDGold. We’ve told the market that we’re going to raise a further US$15-million in Emperor. DRDGold won’t subscribe - we will dilute that control to 85% - and that will just give a little bit of liquidity and create a free float in the market. It creates Australasia’s third largest gold producer on the Australian Stock Exchange (ASX) with a production of 375,000 ounces annually.

LINDSAY WILLIAMS: Do you think this will promote efficiencies? Will splitting up your geographical assets help the South African operations? That’s what a lot of South Africans want to know.

MARK WELLESLEY-WOOD: It will help the South African operations for two reasons. Firstly we get US$30-million in cash out of this, and we’ve got a convertible note due in November 2006 of US$66-million - so we’ve gone a long way to reducing our debt in this deal. Secondly, there is a kind of symmetry - as you know DRD’s gold production is fifty-fifty between South Africa and Australasia. Just by coincidence our shareholding in DRD SA is now 85% after our BEE deal with Kumba. It’s also 85% on the Australian side - so nobody is disadvantaged or over-advantaged. This is not abandoning anybody or leaving, or going anywhere - it’s just that we will have 85% of a South African business, 85% of an Australasian business. Dedicated and focused management teams will do their jobs properly, and we’re positioned for growth in both centres.

LINDSAY WILLIAMS: I’m just looking through the press release. A headline on page three says: “Transaction rationale for Emperor.” I don’t think the rationale really needs to be explained - you’ve just got to look at Emperor Mines Limited’s share price closing up 21.5% today in Australia. The market loves it!

MARK WELLESLEY-WOOD: Our 45% stake in Emperor is just worth a lot more. We’ve created US$20-million in valuation terms today. The market’s excited about it - I think that’s right. As a management team we’re very excited about the opportunities that now lie before us - both in terms of getting our exploration portfolios running, but also in playing in the consolidation theatre in Australasia. As you know Placer Dome, Barrick – the big boys are getting together, their thresholds will go up, and more assets will come onto our radar screens - this is a structure to accommodate them.

LINDSAY WILLIAMS: I noticed a piece attributed to yourself on I-Net Bridge the other day - saying there’s a scramble for gold ounces. Does this make your organisation leaner to try and grab those ounces?

MARK WELLESLEY-WOOD: Yes, and I think that’s really what our strategic direction this year has been - in terms of getting South Africa and Australasia into clearly focused transparent boxes that with our strategy we can look to add more sustainable production through our existing portfolio. I think we’re well placed as an intermediate in Africa, and as an intermediate in the Pacific Rim - and we can do some of the things that the big boys can’t do a lot better now.

LINDSAY WILLIAMS: The gold price itself is obviously going to be key - no matter what corporate activity goes on in the gold market, no matter what consolidation, no matter what geographical area. The price has gone to an 18-year high overnight in the Far East, and it’s carrying on in Europe and New York. There’s no real reason behind it quite honestly - the dollar is strong. What do you think, and what investor interest are you seeing in gold - what do you think is pushing it?

MARK WELLESLEY-WOOD: We’ve seen a lot of investor interest in gold. Ian Murray and I were marketing in North America last week with a lot of the funds - I think it’s very rare that we’ve seen the short-term supply deficit growing in front of us. We see the macro-economics of the dollar locked in negative. We can see that the industry fundamentals - in terms of very hard and difficult conditions to bring gold into the market - I think we’re going to be in a sweet spot for the next four years.

[4Sandman]

Das wäre doch was um die Aktie zu traden !;-)
http://cgi.ebay.de/ws/eBayISAPI.dll?ViewItem&item=8725444677…

[4Sandman]

The gold price is ready to surge again against most currencies. In fact, relative to the Euro, the gold price has already moved to a new high. Silver has broken out of its triangular pattern and above the critical $7.50 level. Platinum is forging ahead to the $1000 mark and, as expected, palladium is running like a scalded cat. The precious metal markets are where the action is taking place. This performance is not only likely to be stronger than general equity markets but also superior to most currencies, including the dollar. On this note I am looking for a period of dollar strength of about 10% against the leading currencies.

The gold shares are about to break out of their recent minor reactions into a continuation of the long term bull trend. This is the key element of precious metal analysis at this point of time. There are so many analysts calling for a collapse of the gold price back to $430. Meanwhile my Elliott Wave analysis continues to indicate that moves to $520, followed by $620, are the next two bull target levels. I am not looking for any substantial correction until the $600 area has been attained. This is a hang on and go for the ride market. Not a trading situation.

There is a total misconception that gold shares are for trading. In real life bear markets are for trading as are range bound markets. But bull markets are for investment, and gold shares are in a long term bull market.

Whereas most of the North American stocks have been rising consistently for the past three years the South Africans, due to the strong Rand, have been in huge sideways trading ranges. They are just breaking upside out of these range bound situations and are likely to produce a far superior performance to their North American counterparts for the next phase. Goldfields is a typical example of this picture. It has recently broken upside against the XAU and HUI gold indexes indicating a superior strength for the foreseeable future. The same strength data applies to Harmony and Anglogold. Even Durban Deep has a very bullish chart. It is interesting to listen to the deafening silence of all the DROOY critics since the market low. I am looking for at least $2 in the short term with a long term target of $10 for this much maligned stock.

These upside breakouts on the relative strength data indicate that a long period of serious out performance is likely. For the past three years the North American gold stocks have out gunned their South African cousins. But this has changed rather dramatically. The previously strong Rand affected the earnings of the South Africans, but the recent weakening of the Rand and likely continued under strength currency will keep on accelerating not only mine earnings but also share prices as the huge earnings leverage kicks in. In a long term bull market the South Africans can ultimately pay a dividend equal to today`s share price. Real bull markets on a weaker Rand produce some huge dividend payouts. This is a fact that needs to be considered when selecting a gold stock portfolio.

At this point of time it is necessary to increase the percentage of South Africans over North Americans and also to be taking positions in the penny stock gold and silver shares as detailed in our sister publication on that subject.
http://www.gold-eagle.com/editorials_05/roffey111305.html

[Bobby182]

Goldrausch in Indien und China

Viele Goldfans sind enttäuscht und fragen sich, warum der Goldpreis nicht endlich durch die Decke geht und wenigstens die 500er US-Dollar-Hürde überspringt. Nur Geduld, Rom wurde auch nicht an einem Tag erbaut.

Gegenwind bekommt das gelbe Metall von den Commercials in den USA. Die veröffentlichten Kontrakte in den Commitment of Trader Reports deuten schon seit Wochen auf eine temporäre Schwäche hin. Vor diesem möglichen Stolperstein hatte ich gewarnt. Aber ich finde es erstaunlich, dass die Commercials den Goldpreis bisher nur relativ wenig drücken konnten - trotz ihrer teilweise rekordverdächtigen Positionierungen!

Aber das ist nur die kurzfristige Sichtweise. Ich möchte Ihr Augenmerk von dem hektischen Tagesgeschehen weglocken und die Aufmerksamkeit auf drei bedeutende Aspekte lenken, die einen erheblichen Einfluss auf die langfristige Goldpreisentwicklung haben – neben den allseits bekannten Argumenten wie Inflationsangst oder der Status einer Fluchtwährung. Es geht um die elementaren Zusammenhänge einer Marktwirtschaft: Die Preisbildung aufgrund von Angebot und Nachfrage.

Betrachten wir zunächst die Nachfrageseite. Anhand der Grafik können Sie erahnen, welche Bedeutung Indien dabei zusteht. Gold wird in Indien geradezu verehrt. Mit einer Bevölkerung von über einer Milliarde Menschen, die zudem noch sehr jung ist, wächst ein enormes Nachfragepotenzial heran. Schätzungen gehen davon aus, dass die Bevölkerung in den kommenden 40 Jahren dort um 50% zunehmen wird.



Aber nicht nur Indien sorgt für Wachstumsfantasie. China könnte einmal in die gleichen Fußstapfen treten. Erstmalig seit 2004 können chinesische Privatanleger wieder Gold erwerben. In Indien wurde der Goldmarkt 1998 liberalisiert...

Und wie sieht es auf der Angebotsseite aus? Die rückläufige Goldminenproduktion in Südafrika und Kanada stützt den Goldpreis. Ein Chart sagt mehr als tausend Worte:



Fazit: Allein diese drei Punkte verdeutlichen, welche Chancen noch langfristig bei den Edelmetallen schlummern. Leider geht es nicht immer nur aufwärts – aber das haben sekuläre Bullenmärkte nun mal so an sich. Lassen Sie sich nicht zu früh abwerfen!


http://www.value-stocks.com/modules/news/article.php?storyid…

[Bobby182]

[Bobby182]