Tagesbericht: Gold, Analyse: Oxiana (Australien) - 500 Beiträge pro Seite

[Goldhotline]

Tagesbericht

16.06.00 Gold -2 auf 289 $/oz, Goldaktien nachgebend, Analyse: Oxiana (Australien)

Der Goldpreis wurde im gestrigen New Yorker Handel bis auf 286 $/oz wieder deutlich unter die
wichtige Marke von 290 $/oz gedrückt. Über die Nachrichtenagentur Reuters wird die Erklärung
der Schweizer Zentralbank, in den letzten Wochen 40 t Gold verkauft zu haben für den
Kursrückgang verantwortlich gemacht. Marktkenner halten diese Begründung bei einem jährlichen
Defizit von etwa 1.000 t allerdings für lächerlich. Vielmehr werden den Investmentbanken
spekulative Goldverkäufe unterstellt, um ihre gigantischen Shortpositionen und
Derivateverpflichtungen, die sich auf insgesamt 16.000 t belaufen sollen, zu retten. Dabei gilt die
290 $/oz-Marke als besonders wichtig, da sich hier die Bank of England am 7. Mai 1999 mit der
Ankündigung ihrer Goldauktionen auf die Seite der Investmentbanken gestellt hat, damit die
Shortspekulationsblase im Goldbereich nicht zusammenbricht. Die Goldaktien zeigen sich
weltweit nachgebend.

Der nordamerikanische xau-Goldminenindex fiel um 2,2 % oder 1,4 auf 60,2 Punkte zurück. Bei
den Standardwerten gaben Placer Dome 4,4 % und Barrick 2,6 % nach. Bei den kleineren Werten
verloren Battle Mountain 8,6 % und Kinross 5,6 %. Franco Nevada, deren Fusion mit der
südafrikanischen Gold Fields vorgesehen ist, konnte um 4,5 % gegen den Trend zulegen.

Die in New York gehandelten südafrikanischen Werte zeigten sich mit Gewinnmitnahmen. Durban
Roodepoort Deep verloren 2,8 %, Harmony 2,2 % und Anglogold (GB) 1,2 %. Gold Fields, deren
Fusion mit der kanadischen Franco Nevada vorgesehen ist, konnte um 4,8 % gegen den Trend
zulegen.

Der australische Goldminenindex zeigte sich mit einem Verlust von 0,5 % oder 3,1 auf 677,7
Punkte knapp behauptet. Bei den Standardwerten brach Delta Gold nach Meldungen über
mögliche Minenenteignungen in Simbabwe erneut um 7,3 % ein. Newcrest verbesserte sich um
2,1 %. Normandy NFM gab 2,7 % nach. Bei den kleineren Werten fielen General Gold 7,1 %,
Dominion Mining 6,5 % und Resolute 3,5 %. Bei den Explorationswerten konnten Zimbabwe
Platinum um 22,6 %, Climax Mining um 7,7 % und Tribune Resources um 6,5 % zulegen. Die
Rohstoffkonzerne Rio Tinto und BHP gewannen 4,0 bzw 2,3 %.


Die aktuellen Topempfehlungen der Goldaktien (maximale Kauflimite in Klammern):

Nach dem Kursanstieg wurde Sons of Gwalia zu einer Halteposition. Battle Mountain wurde nach
dem Kursrückgang zu einer Kaufempfehlung.

Achtung: Wegen der Marktenge müssen alle Orders (auch in Australien) in Tribune Resources
limitiert werden! Die Dividende der Delta Gold ist durch die aktuellen Probleme in Simbabwe und
auf den Solomonen Inseln gefährdet.

Australien:
Sicherheitsorientiert:
Delta Gold 1,15 A$ (2,40 A$, aktuelle Dividendenrendite 8,7 %), Normandy Mining 0,89 A$ (1,20
A$, aktuelle Dividendenrendite 6,7 %), Pacmin 1,44 A$ (1,60 A$), Lihir 0,59 A$ (0,70 A$),
Newcrest 3,98 A$ (4,00 A$), Sons of Gwalia 4,82 A$ (4,80 A$, jetzt eine Halteposition)

Spekulativ:
New Hampton 0,205 A$ (0,26 A$), Hill 50 0,86 A$ (1,10 A$), Tribune Resources 0,245 A$ (0,25
A$), Aquarius Platinum 3,70 A$ (2,80 A$, jetzt eine Halteposition)

Südafrika:
Sicherheitsorientiert:
Harmony 5,60 Euro (6,50 Euro), Gold Fields 4,10 Euro (4,50 Euro), Anglogold (ADR zu 1/2Aktie)
(GB) 22,20 Euro (28,00 Euro)

Spekulativ:
Durban Roodepoort Deep 1,11 Euro (1,80 Euro)

Nordamerika:
Sicherheitsorientiert:
Placer Dome 9,4375 $ (12,00 $), Kinross 1,0625 $ (1,25 $), Freeport 9,4375 $ (16,00 $),
Homestake 7,375 $ (8,00 $), Battle Mountain 2,00 $ (2,00 $), Barrick 18,875 $ (18,00 $, jetzt eine
Halteposition), Newmont 24,25 $ (22,00 $, jetzt eine Halteposition)

Spekulativ:
TVX 0,6875 $ (1,00 $)

Bis auf New Hampton und Aquarius Platinum werden alle Werte auch in Deutschland gehandelt.

Bemerkung: Bei New Hampton wurden am 24.12.99 Mineral Deposits Limited (MDL) Aktien im
Verhältnis von 5 MDL für 18 New Hampton Aktien und Gratisoptionen im Verhältnis von 1 Option,
Laufzeit 31.05.01, Basis 0,23 A$ für 2 New Hampton Aktien abgeschlagen.


Unternehmensmeldung
(AUS=Australien, NA=Nordamerika, SA=Südafrika, $=US$, MKP=Marktkapitalisierung),
Marktkapitalisierung immer in A$, Produktionskosten immer in US$

16.06.00 Oxiana Resources (AUS, MKP 16,7 Mio A$) plant die Durchführung einer
Kapitalerhöhung. 80 Mio Aktien sollen zu 0,10 A$ ausgegeben werden um 8,0 Mio A$
aufzunehmen. Für jede Aktie wird gratis eine Option ausgegeben die zum Bezug von 1 Aktie zu
0,25 A$ bis zum 30. September 2002 berechtigt. 15 Mio Aktien konnten bereits plaziert werden.
Am 5. April konnte Oxiana Resources den Kaufvertrag über das Sepon Gold- und Kupferprojekt
mit Rio Tinto (GB) unterschreiben. Die Überprüfung des Projektes betätigte die
außergewöhnliche Ressource mit hervorragendem Erweiterungspotential. Die Ressource enthält
nach den aktuellen Schätzungen 1,0 Mio t Kupfer und 3,2 Mio oz Gold. Weitere Erzkörper über
1,35 Mio t Kupfer und 2,8 Mio oz Gold werden vermutet. Vorläufige Studien sehen eine jährliche
Produktion von 100.000 oz Gold und 32.000 t Kupfer (jeweils Oxiana Anteil) über einen Zeitraum
von mehr als 20 Jahren vor. Die Nettoproduktionskosten sollen bei 153 $/oz für das Gold und bei
0,43 $/lb für das Kupfer liegen. Die Investitionskosten werden auf 153 Mio $ geschätzt und stellen
für Oxiana das Haupthindernis bei der Entwicklung des Projektes dar. Die Durchführbarkeitsstudie
soll zwischen Mai 2000 und März 2001 erstellt werden. Der Produktionsbeginn ist für das 1.
Quartal 2002 vorgesehen.

Beurteilung: Sollte die Finanzierung des Projektes gelingen, hätte Oxiana ohne die
Berücksichtigung der Kupferproduktion ein KGV von 1,7, eine Lebensdauer der Ressourcen von
36 Jahren und einen Hebel auf den Goldpreis von 79,3. Gleichzeitig besteht durch die
umfangreichen Ressourcen erhebliches Wachstumspotential. Die Risiken liegen im Standort
Laos, der Finanzierung und der Vorlaufzeit des Projektes. Belastend auf den Aktienkurs wirken
zur Zeit die politischen Probleme auf den Fidschi Inseln und den Solomonen Inseln sowie die
Finanzierungsprobleme der Climax. Zudem sind weitere Kapitalerhöhungen vor dem
Produktionsbeginn erforderlich. Die Chancen, Oxiana mit dem Projekt zu einem größeren
internationalen Unternehmen aufzubauen, sind gegeben, so daß sich ein Aktienkurspotential von
mehreren 100 % ergibt. Oxiana eignet sich auch weiterhin als risiko- und chancenreiche
Beimischung für ein Explorationswertedepot.

Empfehlung: Halten, unter 0,08 A$ kaufen, aktueller Kurs 0,079 A$. Die aktuelle Kapitalerhöhung
ist uninteressant und sollte ignoriert werden. Oxiana wird mit geringen Umsätzen auch in Berlin
gehandelt.

Die Goldhotline

[gholzbauer]

Mining group blazes trail to mineral riches of Laos
By Amy Kamzin
Published: May 2 2001 19:01GMT | Last Updated: May 2 2001 19:28GMT



Nestled against therugged border with Vietnam, Laos`s southern province of Savannakhet was once a key link in the heavily bombed Ho Chi Minh Trail, traversed by hundreds of thousands of North Vietnamese fighters heading south to fight US-backed South Vietnamese forces during the war.

Today the much-battered ground is the theatre for a new strategic operation.

Oxiana Resources, a medium-size mining company based in Melbourne, Australia, is seeking to build a $153m mine to tap rich deposits of high-quality gold and copper.

If the mine at Sepon goes ahead, it would be among the biggest foreign investments in Communist-ruled Laos, one of the world`s poorest countries. Other foreign mining concerns are also prospecting in Laos.

Yet Oxiana, now completing a financial feasibility study for the mine, is the biggest operation to get this far, making it a litmus test for other potential investors.

"If we can get it right other groups will have a good story to follow," said James Gough, the co-ordinator of the project, which is 20 per cent owned by Rio Tinto, the mining giant. Laos`s Communist officials, eager to woo foreign investment, also have high hopes that Oxiana`s Sepon project will put their country on the mining map.

"Looking around our neighbouring countries, they have a lot of industry that needs raw materials, and Laos can supply them in the future," said Bounmalay Vilavong, of Laos`s Foreign Investment Management Cabinet.

So far, Laos has little to show for the nearly 40 mining licences issued since it opened its doors to foreign investment in 1989.

While the authorities hoped that mineral royalties would help fill state coffers now heavily dependent on foreign aid, many companies had neither the intention nor the resources to mine.

"Ninety-five per cent of the companies that you have here are brokers and middle men. They don`t have enough money to do the job and they try to sell their rights," said Mr Bounmalay.

"That is the biggest obstacle for us - we cannot reach directly to the professional companies."

But despite Laos`s geological promise and the government`s professed enthusiasm, weak physical and legal infrastructure may make the country tough to sell to an industry struggling with low commodity prices.

Infrastructure problems may be surmountable but Laos`s mining law, adopted in 1997 in reaction to bad experiences with some early investors, is a bigger disincentive. Michael Harris, a Vientiane-based geological consultant, says: "If investors take a straight look at the mining act they`ll walk way. It`s full of ambiguities and doesn`t give a foreign investor the security of tenure from one stage to the next." Laos officials say they intend to make the law more investor-friendly but it is unclear how long those modifications will take.

Other aspects of Laos`s legal system are also underdeveloped. "If there are laws on specific issues, they are pretty vague so it can be difficult to promote your rights in a legal context, if it gets to that point," says one western diplomat.

Even so, Owen Hegarty, Oxiana`s managing director, expects few difficulties in lining up financial backers and is confident mine construction will begin later this year. "Like a beacon in the night, we will build the mine and it will be very successful," he says. But Laos must get its legal house in order if other investors are to be drawn by the Sepon project`s light.

http://markets.ft.com/ft/gx.cgi/ftc?pagename=View&c=Article&…

[gholzbauer]

Thursday 14 June 1:47 AM


Oxiana sees Sepon gold output above 150,000 oz/yr
By Jeremy Smith
LONDON, June 13 (Reuters) - First gold production from the Sepon development in southeastern Laos should start in November next year at an annual rate which is likely to exceed 150,000 troy ounces, the project`s majority owner said on Wednesday.

The Sepon project, owned 80 percent by Australian company Oxiana Resources NL and 20 percent by international mining giant Rio Tinto Ltd/Plc, also promises deposits of high-grade copper ore, along with silver.

In a presentation on mining progress at Sepon, which nestles against the rugged border with Vietnam, Oxiana`s managing director Owen Hegarty said the bank feasibility study for gold would be completed by August and by early 2002 for copper.

While current resource estimates for gold indicated an annual output rate of 150,000 troy ounces, an updated estimate due in August would certainly increase this figure, he said.

"It`ll be higher than that (150,000 oz) but definitely less than 200,000," Hegarty told Reuters following his presentation. "There are oodles of upside...we`re going to be there forever."

Gold production costs, Hegarty said, would eventually fall from an initial $149/oz to a target of $125/oz, he added.


COPPER EXTRACTION TAKES SECOND PLACE TO GOLD

Copper production at the site would take longer to get underway, taking second place to gold and even being financed by gold`s cash flow, Hegarty said.

While further testwork was required, the Kanong deposit had already shown "spectacular results" with wide intercepts of near-surface high-grade copper reported across the entire deposit, he added.

First copper production at Sepon would not emerge until 2004, when an annual output in excess of 40,000 tonnes of cathodes was expected. In a statement, the Melbourne-based company said it expected copper production costs at an initial $0.43/lb, which would eventually fall below $0.40.

"Copper is a little bit on the backburner at the moment as our energy has been going into gold. That`s where the focus is," he said. "But Sepon will be one of the lowest cost copper mines. It`s a low cost project all the way around."

"We will do a lot of work to determine the strategy for copper. "We have to be absolutely sure of the process we`re going to use...and the finance for the copper will come from the cash flow for the gold," he added.

Oxiana, which has mining assets in Cyprus and the Philippines as well as Laos, says it also expects to produce an annual 250,000 ounces of silver from the Sepon project. (c) Reuters Limited 2001

REUTER NEWS SERVICE



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

[gholzbauer]

Thursday 14 June 12:41 AM


Australia miner Oxiana prepares for UK AIM listing
LONDON, June 13 (Reuters) - Australian gold and copper producer Oxiana Resources NL plans to join the growing ranks of mining firms listed on London`s Alternative Investment Market (AIM), its managing director said on Wednesday.
The Melbourne-based company, already listed in Australia and Germany, would decide very shortly whether to file an application to London`s junior market which could be made later this year, Owen Hegarty told businessmen at a lunch in London.

"We`re considering going through a potential AIM listing before the end of the year," Hegarty said, adding that Oxiana`s aim was to attract a wider investment spread to the company.

"We have a strong rationale for it, subject to the banks` requirement on debt/equity ratios. There might be a capital raising required but it`s looking fairly positive," he said, without elaborating on the size of a future capital requirement.

Oxiana, a medium-sized producer and explorer, has assets in Cyprus, Laos and the Philippines. Its focus of interest at present is the Sepon development in southeastern Laos, in which it has a 80 percent stake. The remaining 20 percent is held by international mining giant Rio Tinto.

"We don`t want to be seen in a stampede of Aussie companies...we have a wonderful project with tremendous potential," said Hegarty, referring to the Sepon development.

"We have European assets and we have the might Rio Tinto as a partner," he said.

Listing rules on the AIM are not as tough as on the London Stock Exchange and investors are prepared for bigger risks. An AIM listing is widely seen as a good initial tactic to increase a company`s profile among large-scale institutional investors.

Canada-based First Quantum Minerals Ltd was one of the most recent companies to take the AIM plunge, adding a London listing in April to its existing Toronto listing -- and joining more than 20 others in AIM`s mining and related sectors. (c) Reuters Limited 2001

REUTER NEWS SERVICE

[Dottore Lupo]

Klickt mal die Seite www.oxiana.com an.

Ich kannes leider nicht verlinken.

Wenn das nur einigermassen stimmt,dann Blue sky.

Habe schon einiges an drill results gesehen,aber soetwas noch nie.

Liegt das Zeug dort in 10 Meterschichten nur herum?????

ein doch etwas ratloser DL

[gholzbauer]

http://www.oxiana.com.au
http://www.oxiana.com.au/investor/announce/asx/asx120601.htm

[Arhaes]

Auch Otter Gold hatte einmal aehnliche Bohrresultate,

den Rest kennen wir ja.


Also immer schoen ruhig bleiben.

Trotz der anscheinend guten Ergebnisse ging der Kurs in Australien runter.

Man hatte wohl bessere Ergebnisse erwartet???


MfG

[Arhaes]

Der Kurs geht weiter nach unten.

Schlusskurs 13 Acts.

Tief bei 12 Acts.


MfG

[Goldhotline]

Oxiana führt eine Kapitalerhöhung zu 0,12 A$ +1/2 Gratisoption durch. Daher der Druck auf den Aktienkurs.

Die Goldhotline

[Arhaes]

Wieviele Aktien sollen denn erneut auf den Markt geschmissen werden???


MfG

[gholzbauer]

1:6
siehe
http://www.oxiana.com.au/investor/brokers/OXR_JTP300501.pdf

[gholzbauer]

1 neue für 6 alte, nicht etwa umgekehrt, sollte man besser dazuschreiben.
Record Date 6. Juni 2001
Closing Date 28. Juni 2001

[Arhaes]

Naja,

das geht ja noch.


MfG

[Arhaes]

Kurs geht weiter runter

12,5 cts. bestimmt noch nicht das Ende der Fahnenstange.

MfG

[GOLDONLY]

Leider verheissen diese Art von Splits nichts Gutes.
Habe das mehrmals mitgemacht. WGR, GED, SSC, TVX ...
Jedesmal Riesenverluste.

Hat jemand gegenteilige Erfahrungen gemacht ??

GO

[Arhaes]

Ich dacht Oxiana hat erst vor kurzem eine Kapitalerhoehung gemacht????


Ich glaube nicht, dass man nur mit Kapitalerhoehungen die Projekte finanzieren kann.


Habe auch schon schlechte Erfahrungen mit staendigen Kapitalerhoehungen bei Minenwerten gemacht, leider.


MfG

[Goldhotline]

Die Finanzierung von Projekten über Kapitalerhöhungen ist problematisch und gelingt nur selten.

Wir beurteilen das Projekt erstklassig und geben Oxiana eine Chance. Das Management kommt von Rio Tinto und ist erfahren. Das größte Problem bleibt der Standort in Laos.

Bislang konnte der Aktienkurs trotz der ständigen Kapitalerhöhungen zulegen.

http://cdchart.innovative-software.com/informer2/news_chart?…

Die Goldhotline

[Arhaes]

Von einem staendig steigenden Aktienkurs kann nicht unbedingt ausgegangen werden, im Februar 2000 hatten wir schon Kurse um die 20 Acts.

Aber vielleicht war die Situation zu diesem Zeitpungt ja anders.

MfG

[Arhaes]

Von einem staendig steigenden Aktienkurs kann nicht unbedingt ausgegangen werden, im Februar 2000 hatten wir schon Kurse um die 20 Acts.

Aber vielleicht war die Situation zu diesem Zeitpungt ja anders.

MfG

[Arhaes]

Von einem staendig steigenden Aktienkurs kann nicht unbedingt ausgegangen werden, im Februar 2000 hatten wir schon Kurse um die 20 Acts.

Aber vielleicht war die Situation zu diesem Zeitpunkt ja anders.

MfG

[gholzbauer]

Hallo GO,
dies ist kein reverser Split, sondern eine Kapitalerhöhung, in der man für 6 Aktien eine neue + 1/2 Option Basis 25 A-Cent für 12 A-Cent beziehen kann.
Ein reverser Split wäre natürlich nicht gut, da hast du Recht.

[XAU]

@gholzbauer

Natürlich handelt es sich um einen Reverse-Split.
Die angehängten Optionen machen die Angelegenheit eher
noch schlechter.

Tut mir leid.
Aber: Es sieht schlecht aus für OXIANA.

XAU

[gholzbauer]

Userinfo

allgemein
Username: XAU
Registriert seit: 19.06.2001
User ist momentan: Offline
Letztes Login: 19.06.2001 16:15:23
Threads: 0
Postings: 4
Interessen keine Angaben

[XAU]

@Gholzbauer

Was soll das denn ?
Willst Du auch meine Stasiakten einsehen ?

Wir werden ja sehen, wie sich OXIANA nach unten entwickelt.

XAU

[gholzbauer]

XAU,
ich habe keine Oxiana.
Ich pflege auch dann und wann über Werte zu schreiben, die ich nicht halte, sondern nur beobachte.
Wenn du nochmal vorsätzlich Falschinformationen verbreiten solltest, werde ich geeignete Maßnahmen ergreifen.
Aber so weit muß es ja nicht kommen.

[ChartJunkie]

Konkrete Informationen zu den Lagerstätte in Laos, die ich bisher gefunden habe, beziehen sich vor allem auf das Kupfervorkommen.
Ich befürchte, dass die Gold-Phantasie nur dazu dient, Investoren anzulocken.

[Dabbeljuh]

Hey ChartJunky,

Du hast Lagerstätten in Laos gefunden ?! Toll! Erzähl mal.

[ChartJunkie]

[gholzbauer]

http://www.minesite.com/archives/news_archive/June-2001/oxia…

Oxiana On Way To London With Its Sepon Copper Gold Project In Laos

It was always a pretty safe bet that Owen Hegarty would bring Aussie listed Oxiana to London, but he actually confirmed it on a recent trip. As yet he does not appear to have picked a broker for the listing, but a number are showing considerable interest. The latest results confirm that the Sepon copper gold project in Laos, in which Oxiana has an 80 per cent stake against Rio Tinto`s 20 per cent, is a company maker.

Results received from broad spaced scout drilling completed over 400 metres of strike extent to the west of the main Khanong resource have identified additional near surface high grade copper mineralization. These holes confirm the existence of westerly extensions to the high grade copper oxide and chalcocite zones and highlight potential for additional copper resources in this area. The best results from three different holes included 31 metres of 3.8% copper from a depth of 3 metres and 19 metres of 4.4% copper from 31 metres.

Another amazing result was obtained from a pit wall geo-technical hole which intersected 17metres of 16.6% Cu in chalcocite mineralisation. High grade chalcocite mineralisation in the primary zone occurs as an enrichment blanket over the primary chalcopyrite mineralisation below. The Khanong resource remains open to the south in this area. Resource modelling has now started and an initial estimate is expected in July. Little further drilling will be required for the bankable feasibility study as there has been good continuity of geology and mineralisation and the correlation between holes and sections at the current drill spacing is predictable.

If Oxiana is to list in London it may well want to tidy up its portfolio a shade. In Australia it has diamond exploration in New South Wales where it is seeking a joint venture partner and the gold prospect north of Kalgoorlie has had some interesting results. In the Philippines it is involved in a search for high grade porphyry copper/golf and epithermal gold and has close to the 7 million oz Victoria Vein System and the Philex/Anglo project on Boynungan.

These all look worth keeping so the knife may hang over its operations in Cyprus where it holds 30.5 per cent of Hellenic Copper Mines and 50 per cent of an exploration company. HCM owns and operates the Skouriotissa leach /SX / EW copper mine and plant in Cyprus and is planning to expand production from a design rate of 8,000 tonnes per annum of copper cathode to 10,000 tonnes.. The expansion and related expenditure will reduce cash operating costs significantly.

Oxiana has already got a listing in Frankfurt and Berlin so London would be a further step in the northern hemisphere. Last year there was a plan to list HMC in Cyprus, but nothing has been heard of this recently, which adds to the possibility that the stake could be for sale. Interestingly Oxiana took on a European investor relations firm last year to improve awareness of its activities. Payment was 10 million options with an expiry date of 30 September 2002 and an exercise price of 25 cents. Still a way to go and the work rate will have to be boosted to get in the money.. Minesite has yet to hear a word from, or about him. Anybody got a name?

27 June 2001

[N.MarksDelBanco]

Achtung! Es besteht erhöhte Gefahr, von heruntergeschmissenen Aktien getroffen zu werden. Manchmal stammen sie auch aus leerstehenden Investmenthäusern

[gholzbauer]

Hat wohl doch irgendwer die Kupferwerte registriert ...

OXR.AX OXIANA RESOURCES 3:53PM 0.165 +0.020 +13.79% 3,004,299
OXROA.AX OXR 30JUN01 0.25 3:48PM 0.055 +0.006 +12.24% 1,964,779

[Goldhotline]

Oxiana und ihr Projekt wird in der aktuellen Ausgabe "Gold" des WGC erwähnt.

Gute PR!

Die Goldhotline

[gholzbauer]

http://www.minesite.com/archives/features_archive/2001/Aug-2…

Oxiana`s Sepon Project in Laos Confirmed As World Class.

Not much criticism can be levelled at Australian listed Oxiana`s Sepon gold-copper project in Laos so a certain amount of sniping continues at the country itself. This is unfair and so simplistic that it equates with President Bush`s knowledge of world affairs which has been confirmed as zilch since he came to power some months ago.

Yes, Laos, or the Lao People`s Democratic Republic to give it its official name, is one of the few remaining official communist states in the world. It came into being when the communist Pathet Lao took control of the country back in 1975 after six centuries of monarchy. Initially the government kept carefully to the path of socialism, but gradually it began decentralising and by 1986 was clearly giving encouragement to private enterprise.

More recently foreign investment laws were eased and Laos was admitted to ASEAN in 1997. Sadly this admission did not protect it from the financial crisis that hit the Far East at that time as it was too dependent on Thailand, its western neighbour. The country is still pretty primitive with agriculture contributing most of the gross national product and little in the way of infrastructure, but it is moving in the right direction.

The government`s action over a Canadian listed company, Asia Sapphires, when two Australian citizens were arrested and jailed on a questionable charge damaged Australian confidence in the country, but in Oxiana`s case the UK giant Rio Tinto has a 20 per cent stake in the Sepon project. Rio Tinto is used to operating in such countries and its contacts and power usually ensure co-operation.

Early in August Oxiana paid an instalment of US$1m and placed 1,170,400 shares with Rio Tinto as part of its purchase of an 80 per cent interest in Sepon agreed a year previously . The issue of shares resulted from interest payable on the US$1m instalment and were priced at A$0.15 cents/share. The total consideration involved a number of instalment payments designed to return to Rio Tinto its exploration expenditure at Sepon from 1992.

In July Oxiana mandated International Finance Corporation - part of the World Bank Group - to arrange financing for the gold project on which a bankable feasibility study is approaching completion. The gold project is expected to produce more than 150,000 oz/a gold at an average cash operating cost of less than US$150/oz and is assessed as having a resource of 3.5 million ozs gold contained. Capital cost is estimated at US$45m. Construction is targeted to commence in November this year with first gold production in November 2002. .

In the last few days Owen Hegarty of Oxiana has announced that a further 7,500 metres of infill drilling has has confirmed Khanong`s world class orebody characteristics - high grade, near surface, readily treatable, long life and substantial upside. The resource estimates for the copper orebody show more than a 50% increase in contained copper in the supergene zone and mineralisation remains open and extension and in-fill drilling will likely add further to the identified resources. The bankable feasibility study on the copper part of the project is expected to be finalised in the first half of next year 2002, with first copper production presently scheduled for 2004.

This is the sort of project which should go down well with London and European investors and it is hoped that Owen Hegarty will give a presentation at one of our Minesite Mining Forums quite soon.



28 August 2001

[gholzbauer]

http://www.minesite.com/archives/news_archive/2001/Oct-2001/…

Oxiana Clears Decks To Fund Sepon Gold Project In Laos.

It must have come as somewhat of a surprise to a certain AIM listed company in London to hear that Oxiana Resources, the Australian company with its Sepon gold copper project in Laos joint with Rio Tinto, was proposing to refinance its Cyprus copper mine and sell part part of its equity interest. This certain company reckoned that it had been talking awhile to Oxiana about acquiring Hellenic Copper Mines which owns and operates the heap leach, SX/EW cathode copper operation at Skouriotissa in Cyprus.

Oxiana and its local partners have just announced that they have completed a refinancing of HCM which releases Oxiana from providing security for the foreign debt to HCM - releasing cash to Oxiana of A$2.9m and charges over its assets. Additionally Oxiana has agreed to sell 1,059,685 of its 2,188,011 shares in HCM to its partners for aanother A$3.9m. Payments will be progressive and dependent upon certain copper prices being achieved, but every cent is vital when a company is clearing the decks to maintain its share of a project through the development stage.

Following the share sale Oxiana`s interest will drop to around 15 per cent and this could prove to be an interesting holding as HCM is looking to list on the Cyprus Stock Exchange when general market conditions improve.The present mine life is more than 7 years with significant upside in adjacent deposits and old dumps, as well as nearby prospectivity. Eastern Mediterranean Minerals (Cyprus), Oxiana`s 60 per cent owned Cyprus exploration arm, which has a pipeline of base metal and gold targets at the drill test stage, is unaffected by the transaction. Maybe the disappointed suitor will look at this, though cash flow was probably the ultimate aim.

In the meantime Oxiana has nearly finished its gold bankable feasibility study at the Sepon project. This study is based on the minimum drilling and reserves for project bankability and demonstrates a technically and economically robust gold project. Feasibility study work on the Khanong copper deposit continues to demonstrate the world class characteristics of this resource, but the actual bankable feasibility study will not take place until next year. Oxiana acquired 80 per cent of the Sepon Project in southeastern Laos from Rio Tinto in August 2000, by which time Rio Tinto has spent around US$26 million on exploration and defined over 3 million ozs of contained gold and 1 million tonnes of copper.

Further work by Oxiana on the gold project has led to an estimate of a global resource comprising 3.5 million ozs gold and 7 million ozs silver , of which 2.2 million ozs gold and 3.9 million ozs silver occurs as oxide and partial oxide resources (using a 0.5g/t cut-off). Approximately 80% of the oxide and partial oxide resource base has been upgraded to a measured and indicated category for use in calculating mineable reserves. Following commencement of operations, further drilling is required to upgrade inferred resources and resource extensions for incorporation into the mine plan

Last July Oxiana signed a mandate with IFC, the private financing arm of the World Bank Group, for IFC to arrange and co-ordinate a financing package for the Sepon project, consisting of loans from IFC and other banks with a possible IFC equity contribution. Hopefully the debt package will not have the hedging requirements, so beloved of banks, which tend to tear the heart out of good gold project such as this. It is something analysts in London will look at very closely and Owen Hegarty has said on a number of occasions that he wants a listing here.

18 October 2001

[gholzbauer]

0.21A$

Sehenswert:
http://www.oxiana.com.au/investor/announce/Oxiana_Mining2001…

[gholzbauer]

OXIANA RESOURCES 11 Jan 0.315 +0.025 +8.62% 8,751,192

XAU a.k.a GOLDONLY,
du Loser, da bleibt dir wohl die Spucke weg???

[gholzbauer]

Tuesday January 22, 9:52 AM

Oxiana readies IFC funding for Laos mine
SYDNEY, Jan 22 (Reuters) - Australia`s Oxiana Resources NL said on Tuesday it expects to finalise a financing package with the International Finance Corp (IFC) next month to help fund development of a gold mine in Laos.



Oxiana already has reached an in-principle agreement with the IFC over key aspects of funding for its Sepon gold project in Savannakhet province, with documentation and board approvals scheduled for February, a company spokesman said.

Negotiations are also being held with other financiers to complete an overall funding package of US$40.7 million, he said.

The gold mine would be a first for communist Laos.

"The mine is going to produce up to 125,000 ounces of gold a year in its early years at an average cash cost of $150 an ounce," the spokesman said.

A study was also underway to tap rich deposits of copper at the mine site by the middle of this decade, yielding between 40,000 and 80,000 tonnes of London Metal Exchange-grade copper annually, the spokesman said.

"There is about 19 million tonnes (of ore), grading five percent copper, which is huge," the spokesman said.

Oxiana bought the Sepon prospect from Rio Tinto Ltd/plc

in 2000. Rio retains a 20 percent interest in the project and holds a minority interest in Oxiana.

The Laos government has an option to dilute both companies` shareholdings to acquire a 10 percent stake in the projects.

Oxiana, which also has a 15 percent interest in Hellenic copper mine in Cyprus, was one cent lower at 29.5 cents in early afternoon trading.

[GOLDONLY02]

@Gholzhauer

Ich sehe gerade, Du hast mich da oben als `loser`
tituliert. Wie komme ich zu dieser Ehre ?

Nur weil ich keine Oxiana habe ?
Du scheinst ein ziemlicher kleiner Geist zu sein.

GO

[gholzbauer]

Schau doch mal deine bisherigen, sinnentleerten Statements zu Oxiana an.
Außerdem: WGR, GED, SSC, TVX ...

[GOLDONLY02]

@Gholzhauer

Ich kann es mir eben leisten, meine Flops einzugestehen.
Also, wo ist das Problem.

Im Übrigen:

- WGR: Bei jetzigen Kursen ein klarer Kauf.
- GED: Völlig unklar. Na und !!
- TVX: Auch ein glatter Kauf.
- SSMR: In die Scheiße gegriffen. Kann passieren.

Und nicht zu vergessen:

- 1.300.000 KGM
- 300.000 SBM
- 500.000 MTB
- 50.000 Durban
- 1.200.000 CMX
- 50.000 LHG
- 200.000 CNG (bezw. Croesus)
- 200.000 AVL
- 100.000 GRN
- 230.000 OTR
- 300.000 AUG
- 600.000 CNM

+ viel Cash ...



GO

[gholzbauer]

Manche machen eben ein kleines Vermögen.

















































Dabei hatten sie irgendwann einmal ein großes.

[GOLDONLY02]

@Gholzhauer

Wenn ich mir so deine exotischen Aktienempfehlungen
anschaue, dann kann ich nur für dich hoffen, daß du
nicht selber diesen Schrott gekauft hast.

Wahrscheinlich bist du sogar bei CL investiert.
Würde eigentlich passen.

GO

[gholzbauer]

GO,
du solltest unterscheiden zwischen Empfehlungen und Anfragen. Im Zweifelsfall gibt es außerdem noch SL, obwohl du das nicht zu kennen scheinst.

[gholzbauer]

Weil du`s bist, habe ich kurz meine eigenen Threads überflogen, um zu sehen, was ich davon aktuell im realen Depot habe. Soviel kann ich verraten: es ist nicht allzu viel.
Kannst ja mal in meine Userdepots schauen, dann wirst vielleicht schlauer, obwohl das natürlich nicht genau die Realität wiedergibt ...

panta rhei oder so

CL habe ich definitiv nicht. Ist mir zu teuer & phantasielos.
http://finance.yahoo.com/q?s=cl&d=t

[gholzbauer]

http://www.minesite.com/archives/news_archive/2002/jan-2002/…

January 24, 2002


IFC Takes Lead On Funding the Oxiana/Rio Tinto Sepon Gold Project In Laos


Its all go at Oxiana Resources and attendees at the upcoming 4th Minesite Mining Forum are looking forward to hearing Owen Hegarty, its chief executive, amplifying plans to develop initial production of gold at the Sepon gold and copper projects in Laos and to seek a listing on AIM before the end of the year. 2002 is clearly going to be a busy year for Oxiana and its share price has reflected this in recent weeks.

The latest news is that Oxiana has agreed in principle with IFC, the private financing arm of the World Bank, the terms, structure and amounts for the Sepon financing package. These talks have been going on for a while and this is a major advance as it will be finalised next month and subordinated lenders can now be brought in to complete the overall project funding package.

Clearly the presence of Rio Tinto as Oxiana`s joint venture partner at Sepon with a 20 per cent interest in the project has carried weight in these negotiations and Owen Hegarty is at pains to emphasise that the UK multinational is a huge support and far from being `a gorilla on your shoulder` as a junior recently described its North American major partner. Oxiana originally acquired its interest in Sepon from Rio Tinto which has agreed to defer the next purchase payment of US$8 million until the go-ahead to mine the copper deposit is given. A sum of US$1.5 million was also due to be paid when the gold project commenced, but this is now going to be paid in Oxiana shares at the price prevailing at the time.

The Sepon gold project development timetable sees construction completed by the end of 2002 and Oxiana has already commenced engineering and preliminary site civil works. The two projects between them have a resource base of more than 3.5million ozs gold, including proven and probable reserves of almost 1 million ounces ozs, and 1 million tonnes of copper, contained in adjacent deposits so can realistically be described as a company maker. In its early years production from the gold project should run at an annual rate of 125,000 ounces of gold at a cash cost of around US$150/oz.

The gold project will therefore contribute cash flow to help Oxiana do more drilling and contribute to the bankable feasibility at the copper project which is considerably bigger and two years down the line. The company is now considering throughput scenarios ranging from 40,000 to 75,000 tonnes of copper per annum and claims that it could be one of the lowest cost copper producers in the world thanks, in part, to cheap energy from hydro- electric sources in Laos.

Owen Hegarty was in London and Scotland last week renewing contact with Oxiana shareholders and running his eye over brokers who might help with the AIM listing. On the way back to Australia he dropped in on Cyprus which he considers to have considerable potential as one of the most highly mineralised countries in the world. Not long ago his company strengthened its balance sheet by reducing its interest in Hellenic Copper Mines as this released financing obligations and a security deposit, but increased its stake in Eastern Mediterranean Minerals to 70 per cent.

Cyprus has been underexplored for the past 25 years since partition but there are now signs that sense may prevail again and the whole island opened up to new exploration techniques. Eastern Mediterranean Minerals is on the hunt for volcanic massive sulphides and Owen Hegarty is optimistic for the chances of a significant discovery despite constraints on finance. Just across on the Turkish side from one of its properties is the Mavrovouni (Black Mountain) mine which at 15 million tones of 4 % copper proved to be the original company maker for what became Cyprus Amax, now Phelps Dodge. Oxiana thus has a useful European second string to its bow and this, plus the Rio Tinto partnership, makes the AIM listing a logical move.

[gholzbauer]

Tuesday 26 February 6:07 PM


Oxiana finds silver lining in Laos copper mine

SYDNEY, Feb 26 (Reuters) - Australia`s Oxiana Resources NL (ASX: OXR) said on Tuesday copper and gold deposits it controls in Laos also contain a large amount of silver.

Some 20 million ounces of silver has been identified as an inferred resource at Oxiana`s Khanong copper orebody, with a further seven million ounces at its Sepon gold deposit, the company said.

Oxiana is assessing the development potential for the Khanong lode, with early studies pointing to a mine yielding between 45,000 and 75,000 tonnes of copper a year.

The company is also in talks with the International Finance Corp (IFC) to help fund construction of its Sepon gold mine.

The gold mine would be the first for communist Laos.

Oxiana bought the Sepon prospect from Rio Tinto Ltd/plc (ASX: RIO)RIO.L in 2000. Rio retains a 20 percent interest in the prospect and holds a minority interest in Oxiana.

The Laos government has an option to dilute both companies` shareholdings to acquire a 10 percent stake.

Shares in Oxiana, which also has a 15 percent interest in the Hellenic copper mine in Cyprus, closed flat at 26 cents.

---------

Friday 1 March 5:05 PM


Oxiana says IFC to fund Laos gold mine

SYDNEY, March 1 (Reuters) - Oxiana Resources Ltd said on Friday the International Finance Corporation (IFC) had approved a US$30 million debt financing package for the development of a gold mine in Laos.

As part of the financing package, IFC, part of the World Bank, will take equity in the project, Oxiana said.

Oxiana and the IFC earlier had reached in-principle agreement over funding for the mine, located in Savannakhet province.

The mine is scheduled to start yielding gold in December 2002, and is initially projected to produce more than 125,000 ounces of gold annually at a cost of around $150 an ounce.

The gold mine would be the first for communist Laos.

Oxiana bought the Sepon prospect from Rio Tinto Ltd/plc (ASX: RIO)RIO.L in 2000. Rio retains a 20 percent interest in the prospect and holds a minority interest in Oxiana.

The Laos government has an option to dilute both companies` shareholdings to acquire a 10 percent stake.

Shares in Oxiana, which also has a 15 percent interest in the Hellenic copper mine in Cyprus, closed up one cent at 27 cents.

[gholzbauer]

Es war eine schöne Zeit.
Doch alles hat ein Ende.
Bewertung ist zwar immer noch nicht übertrieben hoch bei diesem Ressourcen-Potential, aber Laos?!
Tschüß Oxiana.