Durban WPK 865260 - 500 Beiträge pro Seite

[talvi]

Hier unsere "Zocker" Aktie





Grüße Talvi

[guntis]

Hi

habe mir heute auch ein paar Tausend von dieser Zockeraktie reingelegt.

Kann mir jemand näheres über diese Aktie sagen. Ich weiß man sollte sich vorher informieren. Aber ist ist nun mal ein Zock auf nen Anstieg des Goldpreises und der ist bei kriegerischen Auseinandersetzungen sehr wahrscheinlich.

Gruß
guntis

[gholzbauer]

http://www.mips1.net/MGGold.nsf/Current/4225685F0043D1B24225…

DRD to escape long gold cash drain
By: Stewart Bailey
Posted: 2001/09/19 Wed 17:00 ZE2 | © Miningweb 1997-2001


Durban Roodepoort Deep [NASROOY], South Africa`s marginal gold miner, is expecting to wind up the balance of its cash-sapping long positions within the next month or two, thanks to the current gold price strength. Chairman Mark Wellesley Wood says the recent spate of gold rallies has made it "cheaper and quicker" to wrap up the company`s long positions, which are draining about R12 million in cash each month from a balance sheet which can ill afford it.
At DRD`s June quarterly results, the company`s said it had forward purchases of 151,548 ounces of gold at an average of $338 an ounce. Bizarrely, following an arrangement with its banks, DRD is contractually obliged to buy gold at $338 an ounce and sell at the ruling spot, which has trailed far below its contract price ever since the long positions were taken out.
In layman`s terms, the company was strong-armed into buying the gold at the hugely inflated price during the gold crisis of 1999 by its lenders, who were skittish at the their looming exposure to underwater hedge books like that of Ashanti. DRD was tarred with the same brush and is still suffering the consequences.

Longs gone

Therefore, the current higher bullion price narrows DRD`s loss on each of these ounces it resells. The higher the price runs, the better the outlook for the company. Wellesley Wood says if the market keeps its current shape – with gold supported by the growing threat of global conflict – the long positions could be fully wrapped up in a month or so rather than by March, as he had earlier forecast.

Still being pulled through the hedge

But whatever the benefits of exiting the longs, DRD is still hamstrung on another front by a disastrous hedge book. The short and tall of it is that the company has sold about 30 per cent of its production forward for the next three years, at a price considerably below spot. This hedge leaves the group hugely exposed to runs in the gold price, given that it suffers an opportunity loss on each hedged ounce sold.

Ian Murray, DRD`s financial director, says the hedged production is sold at about R60,000/kg, well off the spot price, which is hovering around the R80,000/kg mark. He says DRD will not speed up the delivery into the hedge book, given its dependence on raking in the cash from its unhedged ounces and beefing up a pretty threadbare balance sheet. In the meantime, though, it continues to lose out on the full extent of the exposure to the higher bullion price which its unhedged peers are currently enjoying.

For those analysts who ask the uncomfortable questions about DRD`s hedge at the end of each quarter, the mark to market value of the hedge will be looking a lot worse than it did three months ago. Murray pre-empts the inevitable storm of criticism, explaining that the NPV of the company`s unhedged operations more than makes up for the value destroyed by the hedge. "In fact, the NPV of DRD net of the hedge book is higher now (than it was before the gold price run)," he says.

Smooth operators?

On an operational front, Wellesley-Wood asserts that the group will improve on its June quarter results when it reports to the market on 18 October. He says the group`s Harties mine is going "fine" and the flagship Blyvoor operation – the key to the group`s long-term success "is going like a train". Wellesley-Wood says the three months to September will be an improvement on June`s figures, with a profit on the cards for the period. Murray says the numbers will look good "all the way down".

Analysts may yet hold their applause for another quarter or two, though. No arguments that DRD has turned the corner from an operational point of view, but it will have to keep it up for a while longer and dig further into the hedge to fully silence the sceptics, who will still be trying to digest the group`s warnings last month around its precarious financial position. Wellesley-Wood had said even a week-long strike by its labour force would be enough to force its liquidation. It clearly has some way to go to remove that risk element from its profile.

[ohneSkrupel]

@all

1.kann mir jemand sagen unter welchem link ich die aktuellen!
ask und bid von durban deep einsehen kann?

2.macht es sinn am kommenden montag nachzukaufen oder sollte man evtl. gewinnmitnahmen abwarten?

mfg

[smiling]

@guntis! so schrill die zeiten sind, gratuliere, ein paar tausend stück sind doch ne menge, mit meinem letzten cash reichts grad für ein paar hundert, und die hab ich drinn.

Mal sehen!

[talvi]

@ohneSkrupel

in Berlin gibt es ein Orderbuch zur Einsicht.

Grüße Talvi

[robby.r]

[dohanics]

Durban Deep May Pay $2.94 Mln for Papua New Guinea Gold Site
By Dylan Griffiths


Johannesburg, Sept. 26 (Bloomberg) -- Durban Roodepoort Deep Ltd. said it may pay as much as $2.94 million to buy a gold concession in Papua New Guinea from Australia`s Highlands Pacific Ltd. as it seeks lower-cost operations.

The Kainantu site is close to Durban Deep`s Tolukuma mine, which produced 70,000 ounces of gold last year at a cost of $160 per ounce. Tolukuma`s cost per ounce will fall to about $125 per ounce in fiscal 2002 as production doubles, helping reduce the average cost of Durban Deep`s total output by more than 12 percent, to about $200 per ounce by the end of year.

The new concession is ``another Tolukuma potentially,`` said Mark Wellesley-Wood, Durban Deep chairman, in an interview. ``We`re in talks. It may cost five to six million Australian dollars. There are no other bidders.``

Durban Deep, South Africa`s fourth-biggest gold miner, is one of the country`s highest-cost producers. It plans acquisitions and investment in both South Africa and Papua New Guinea to lower its output costs.

Kainantu has 830,000 ounces of proven and probable reserves. Durban Deep has rights to explore for gold in another 135 square kilometers of Papua New Guinea, said Wellesley-Wood.

Durban Deep also plans to resume talks to buy Afrikander Lease Ltd., a smaller and more efficient South African miner. Negotiations were suspended because the volatility of Durban Deep shares following the terrorist attack on the World Trade Center made it impossible for it to make an all-share offer.

``They are happy to get back to the table,`` said Wellesley- Wood.

Durban Deep has already made one stock offer to Afrikander that was rejected.

In the fourth quarter of last year, Durban Deep produced 261,000 ounces of gold at a production cost of $228 an ounce and posted a profit of 5.4 million rand, its first in nine quarters. In contrast, Afrikander mined 11,000 ounces at a cost of $187 an ounce and made 3.6 million rand.

Durban Deep was unchanged at 10.4 rand.

gar nicht mal so selecht.

gruss

[dohanics]

@all

Durban Deep Boost Top Executives` Options, Bonuses 82-Fold
By Antony Sguazzin


Johannesburg, Sept. 28 (Bloomberg) -- Durban Roodepoort Deep Ltd., the least profitable of South Africa`s top four gold miners, increased directors` bonuses and share options 82-fold in fiscal 2001, according to its annual report.

The company paid its top officers 13.6 million rand ($1.5 million) in ``gains and bonuses`` for the year ended June 30, up from 166,000 rand the year before. Total compensation to directors more than doubled to 36 million rand, even as Durban Deep said it couldn`t afford to match competitors` pay to miners.

The ballooning boardroom payments reflect a stock that`s risen 83 percent this year and a performance-based compensation structure that produced Durban Deep`s first profitable quarter in nine from April to June, Chief Executive Mark Wellesley-Wood said.

``It is a philosophy of mine that we move more pay into that variable type,`` Wellesley-Wood said in an interview. ``I think it is entirely justified.``

Durban Deep cut its net loss to 235 million rand in fiscal 2001 from 855 million rand the year before. Its stock outpaced the 32 percent rise in top gold producer AngloGold Ltd. and the 58 percent increase in Gold Fields Ltd., the third-biggest. The shares dropped 30 percent during fiscal 2000, eliminating gains from executive share options then, Wellesley-Wood said.

The option plan ``hasn`t been a bonanza,`` he said. ``It has only really worked in the last six months.

Wellesley-Wood was issued 1.75 million share options during the year at strike prices ranging from 4.52 rand to 6.49 rand. He exercised more than 1 million of those. Durban Deep shares rose to 11.2 rand today, their highest since Feb. 17 last year.

gruss

[SilberSchatz]

JOHANNESBURG - South African gold guru Nick Goodwin is an eternal gold
bull but the market appears to be supporting his optimism. Goodwin says
gold appears to be holding at $290 per ounce, but it needs to break through
$300 per ounce and advance to $325 per ounce in order to confirm that a bull
market is in progress. Gold shares are correctly priced at the moment but if
gold behaves as hoped, the South African gold index will gain 200 points to
about 1400 points. "But gold has disappointed us so much in the past, I`m a
bit wary," concedes Goodwin.

Here are Nick`s selections based on whether you`re a low, medium or high
risk punter.







Now read the transcript of Nick Goodwin`s interview on Classic Business, a
week-nightly radio show presented by Miningweb parent, Moneyweb.

MININGWEB: Nick Goodwin, our gold guru, joins us now. Having a look at
gold, because that`s really the tip of the moment, Tim Wood has mentioned
that, although people in South Africa might be getting terribly excited about
gold`s potential, it hasn`t caught on yet in the US or even in other Western
economies. Why might that be?

NICK GOODWIN: I think that the gold price needs to come into its own
again. I think that the war hasn`t really started. I don`t think they actually
know who to hit, but they are going to hit somebody and, whoever they hit,
it`s going to be a problem. Markets around the world are falling and I think the
focus could start changing away from generalised financial instruments and
you might start getting a move back to gold. I think, as Chris Thompson said
last night, that there`s already quite an increase in the buying of coins and
bars. So that is encouraging. You don`t need much of a move into the
physical investment side to push up the gold price quite substantially.

MININGWEB: When you talk about the buying of coins and in bullion,
generally, when is the last time that this was being noted?

NICK GOODWIN: I think it`s years ago. We had a spike in 1999, but that
was a very short-lived spike. It only lasted for a few weeks. There wasn`t
really much physical buying of gold over there. I don`t have the details with
me, but I would say it`s at least five or ten years ago that we had serious
buying of gold coins.

MININGWEB: So is it the time now? We`ve seen the gold index on the JSE
go from 759 in December to peak at nearly 1400 in June. That`s almost a
doubling in the index. It`s come back, it`s been bouncing around between
1100 and 1250. It`s still below 1250, as we speak now. Is it time now to go
boots and all for this market?

NICK GOODWIN: With the movement in the gold price recently from $275 to
$290, that was very encouraging and also the rand was weaker substantially.
So the gold price, from last quarter, if you take the average price for the June
quarter, it was R2150 per ounce. It`s not R2600 per ounce. That`s an
improvement of 20%. So shares again are not expensive, they are slightly
underpriced, relative to the gold price, probably in the order of 5 to 10%. So I
still think there is upside in gold. The important thing is that the gold price
must gold this $290 level - it`s a very important level - for about two weeks,
and then it must move higher to $300 and maybe $310. And then we could
see the gold shares [index] moving up to the 1400 to 1600 area.

MININGWEB: And we`re at 1226 as we closed today. Last time when we
spoke on the subject was in May, Nick, and at the time we were talking
about the conspiracy theorists, who reckon that JP Morgan and Goldman
Sachs, two major American banking institutions, have been artificially holding
the gold price down. Do you think they might be playing a part in the rather
disappointing follow-through that we`ve seen on bullion?

NICK GOODWIN: It`s always very strange how the gold price picks up in the
Far East, in the early morning, and then in Europe generally it`s strong, and it
holds quite well, and as soon as the American market opens, then they try
and knock it back. But I think their success rate is reducing because, if I
look at how they`ve tried to do in the last two weeks or so, they haven`t been
that successful in that it keeps on recovering and that is very important for
the gold price - that you continuously get these recoveries. And, eventually,
what we could get is that these speculators might decide that they can`t win
the battle and then actually start going long. If the futures market in the US
actually starts going long on gold, that`s when you can start getting major
movements in the gold price. But, obviously, the international system, the
political system, and on the war front, and also the financial system will have
to come under more stress, but we`ve seen that the markets are really in a
bear phase. We can be quite sure of that now. I don`t think it`s going to stop
and there is going to be a lot of financial stresses developing over the next
few months.

MININGWEB: Timothy said earlier that we should be bumping up the gold
portion of our portfolios, from 5% to something higher than that. Where would
you put the percentage?

NICK GOODWIN: At the moment, the index weighting is just on five. I would
be happy with between 5% and 7%, I think, at this point in time.

MININGWEB: Of your total portfolio?

NICK GOODWIN: Yes.

MININGWEB: All right, so you clearly aren`t saying, allocate or go heavily
overweight in gold shares?

NICK GOODWIN: It depends what sort of risk profile person you are. If you
are a pension fund manger, then generally they tend to stick to the index
weightings, but if you are a private individual or you`ve just got your own
private portfolio, then I would have a much higher proportion of gold shares at
this point of time - all of between 20 and 30% of my investments.

MININGWEB: So, if you are below 30%, you are still in a comfortable level,
you are not making an exaggerated bet. What about the hedging by
producers? You mentioned Chris Thompson, who was in the studio last
night, talking at some length about the gold market. He did suggest that, if
the gold price got through $325 an ounce, there would be some producers
who would have some problems.

NICK GOODWIN: Yes. It depends who they are. I think if you are a small
producer like, for instance, Ashanti last time, there could be calls on your
margin.

MININGWEB: Just explain how the whole thing works, how they hedge and
why they could get into trouble.

NICK GOODWIN: It`s almost just a like a futures contract, where you sell
gold at a certain price, let`s say it`s $300. If the price moves above that price,
say to $310 or $320, you actually have to deliver that gold, and the bank, just
to cover themselves from a security point of view, might ask you for the
balance of the money between the $300 and the $310 per ounce, for
whatever you`ve hedged. And that`s basically paying in your margin. So, if
they feel insecure about your financial position, they might call a margin on
you and then you could have a cashflow problem.

MININGWEB: And is that what happened last time with the Ashanti, the
Ghanaian mine?

NICK GOODWIN: Correct, yes. But I don`t think that would happen with
AngloGold because I don`t think they feel that there`s a risk that AngloGold
could not deliver the gold.

MININGWEB: But there could be other gold miners around the world?

NICK GOODWIN: Yes, definitely. The general hedged position has reduced
a lot. I think also miners are getting more positive about the gold price
because, with the price being so low now, there`s been a lot of pressure on
production worldwide, and there are a lot of mines that just cannot produce
as much as they used to be able to, although there are other new mines that
have come in which have supplied the total market. But I think mines are a
bit wary to hedge, because of this potential problem of margin call.

MININGWEB: Nick, you`ve made compelling argument for gold, and it`s one
that was built onto, if you like, what was said earlier by Timothy and last
night by Chris Thompson and, indeed, even from the technical side, by Clive
Roffey. If that`s the case, what stocks should one be buying?

NICK GOODWIN: You must go for the more marginal stocks and that would
be Gold Fields and Harmony, and if you would like some protection or safety,
if you are a bit insecure and you would like to be in the gold market, but you
don`t want to risk any downside, then I would go for AngloGold.

MININGWEB: In what kind of proportions?

NICK GOODWIN: I think in a low-risk portfolio, I would have about a 60% in
AngloGold, 30% in Gold Fields and 10% in Harmony. In a medium-risk
portfolio, I would move it around. I would bring the AngloGold down to about
40%, go to about 35% in Gold Fields and the balance in Harmony. And I you
are a high-risk investor, then I wouldn`t have any AngloGold, I would only have
Harmony, Durban Deep and perhaps some of the warrants.

MININGWEB: And which warrant in particular?

NICK GOODWIN: I like the Gold Fields warrant (option).

MININGWEB: We will be talking warrants here shortly. Thanks as always to
our gold guru, Nick Goodwin. I am sure you will agree, he has now made a
compelling argument. Our experts are more and more pushing you in that
direction, if only for insurance. The minimum, it appears, that you should
have in portfolio of gold at this point of time is 10% and if you are a little bit
more aggressive, you could go up to 30% as a private investor, as Nick says,
and still not feel that you are taking too big a chance.

Quelle: http://www.mips1.net/MGGold.nsf/Current/4225685F0043D1B28525…

[MichaelMyers]

so hab mir jetzt auch welche ins depot gelegt.
ich denke bei einem längeren konflikt/bzw. aus-
einandersetzung mit dem terrorismus der usa und
bei der entwicklung des goldpreises kann man da schon
mal zugreifen!
schaun ma mal! was draus wird
mfg

[Arhaes]

Ich bin schon auf den naechsten Quartalsbericht gespannt.

Nachdem der Goldpreis in Rand erheblich gestiegen ist.


Meine Topwerte, DROOY und Harmony


MfG

[talvi]

Hallo



Durban hat sich wie folgt entwickelt:

Stand 15.11.2000 =0,77 Euro
Stand 05.10.2001 =1,34 Euro
Gewinn =0,57 Euro=74%


Grüße Talvi

[Eva4]

Hab mir zum aktuellen Preis welche dazu gekauft!
Eva

[Saccard]

Durban Roodepoort Deep Limited
E-Data Release Date: 18/10/2001 11:59JSE Code UR © 2001 E-DataDURBAN ROODEPOORT DEEP, LIMITED
(Incorporated in the Republic of South Africa)
Registration No. 1895/000926/06
ARBN 086 277616
JSE trading symbol : DUR
ISIN Code : ZAE 000015079
NASDAQ trading symbol : DROOY
ABRIDGED GROUP RESULTS FOR QUARTER ENDED 30 SEPTEMBER 2001.
GROUP HIGHLIGHTS:
Quarter Quarter
September 2001 June 2001
Gold Production : 8 147 kg 8 102 kg
261 932 oz 260 483 oz
Cash operating costs : R 61 027/kg R 58 913/kg
US$ 227/oz US$ 228/oz
Cash operating profit : R81.3 million R 63.0 million
US$ 9.6 million US$ 7.8 million
Headline earnings : R 23.1 million R5.4 million
US$ 2.7 million US$ 0.7 million
Incorporating the results of all Durban Roodepoort Deep subsidiaries,
including Blyvooruitzicht Gold Mining Company Limited, Buffelsfontein Gold
Mines Limited, West Witwatersrand Gold Holdings Limited, Crown Consolidated
Gold Recoveries Limited, Hartebeestfontein Gold Mines (a division of
Buffelsfontein Gold Mines Limited), DRD Australasia and Dome Resources NL.
GROUP OPERATING RESULTS Quarter Quarter
(Unaudited) 30/09/01 30/06/01
Ore milled - t`000 6 239 6 264
Yield - g/tonne 1.31 1.29
Gold produced - kg 8 147 8 102
Cash cost - R/kg 61 027 58 913
FINANCIAL RESULTS (R Million)
Gold revenue 578.5 540.4
Cash operating costs 497.2 477.4
Cash operating profit 81.3 63.0
Other expenses 9.2 25.7
Business development 0.9 0.6
Care and maintenance costs 3.6 0.9
GROUP OPERATING RESULTS Quarter Quarter
(Unaudited) 30/09/01 30/06/01
Cash profit from operations 67.6 35.8
Retrenchment costs 2.3 9.6
Hedge restructuring costs 1.0 10.4
Interest expense 9.2 14.2
Net cash operating profit 55.1 1.6
Non-cash items 21.9 3.4
Rehabilitation 2.8 (0.7)
Depreciation 28.1 39.1
Work in progress (2.1) 2.8
Gain on financial instruments (6.9) (37.8)
Profit/(loss) before taxation 33.2 (1.8)
Taxation 0.1 (7.2)
Deferred taxation 10.0 -
Profit after taxation 23.1 5.4
Exceptional items - 112.6
Net profit/(loss) 23.1 (107.2)
Headline earnings per share - cents 15 4
Basic earnings/(loss) per share -
cents 15 (71)
Calculated on the weighted
average ordinary shares
issued of 154 809 059 150 292 594
Capital expenditure - net outflow 12.0 1.7
Net cash generated/(absorbed) 43.1 (0.1)
ABRIDGED BALANCE SHEET Quarter Quarter
(R Million)-(Unaudited) 30/09/01 30/06/01
Employment of Capital
Mining assets after depreciation 826.8 842.9
Cash and equivalents 134.8 113.8
Other non-current assets 134.1 132.0
Current assets 268.5 299.9
1 364.2 1 388.6
ABRIDGED BALANCE SHEET Quarter Quarter
R Million (Unaudited) 30/09/01 30/06/01
Capital Employed
Shareholders` equity 464.5 439.4
Borrowings 49.1 58.5
Rehabilitation 189.3 186.5
Deferred taxation 24.6 14.6
Other non-current liabilities 213.4 157.0
Current liabilities 423.3 532.6
1 364.2 1 388.6
ABRIDGED CASH FLOW STATEMENT Quarter Quarter
R Million (Unaudited) 30/09/01 30/06/01
-------- --------
Cash flow from operating activities 37.9 9.7
Cash flow from investing activities (12.0) (11.1)
Cash flow from financing activities (5.9) 11.0
Translation adjustment 1.0 0.6
Increase in cash and equivalents 21.0 10.2
Opening cash and equivalents 113.8 103.6
Closing cash and equivalents 134.8 113.8
For and on behalf of the board
MARK WELLESLEY-WOOD
Chairman and Chief Executive Officer 18 October 2001
Directors : MM Wellesley-Wood (Chairman and Chief Executive Officer)* ; RAR
Kebble (Deputy Chairman) ; IL Murray (Chief Financial Officer); VO Hoops ;
F. Weideman ; G Fischer ; N Goodwin ; RP Hume ; F Lips ; LG Njenje
(*British) (**Swiss)
For further information, contact Maryna Eloff (Group Company Secretary) at :
Tel [phone] ;
Fax : [phone]
E-mail : [e-mail] , Web site : http:/www.durbans.com
45 Empire Road, Parktown, PO Box 390, Maraisburg, 1700, South Africa.



© 2001 E-Data

[alterhaase]

heute 2000 stk. unlimitiert, kein problem !

schon wieder alle in e-mtv, siemens, SAP - oh je !

wunder über wunder

[Saccard]

Warum kann WO keine ASCII-Texte so wiedergeben wie sie sind?

Naja, interessant ist jedenfalls, daß Durban die Produktionskosten nur von $228 auf $227 senken konnte, obwohl der Rand bedeutend schwächer geworden ist. Das liegt nicht zuletzt an den Lohnerhöhungen, die vor kurzem vereinbart worden waren... Allein Anglogold zahlt 7% mehr.

Ich bin gespannt, wie die Zahlen der drei anderen Südafrikaner aussehen werden.

Gruß,
S.

[Dottore Lupo]

Alles Scheisse ,deine Emma!!!!

Hoffe das dies Alarich nicht liest und pöbelt!!!!

Die sind nicht doof ,sondern es ist Strategie der Minen

ihre zukünftigen Gewinne zu verhegdgen,sonst hätten ja die Aktionäre was

und nicht die Bullionbanks!!! Ich will kotzen!!!!!!!!!!!

cuDL

[Dottore Lupo]

Alles Scheisse ,deine Emma!!!!

Hoffe das dies Alarich nicht liest und pöbelt!!!!

Die sind nicht doof ,sondern es ist Strategie der Minen

ihre zukünftigen Gewinne zu verhegdgen,sonst hätten ja die Aktionäre was

und nicht die Bullionbanks!!! Ich will kotzen!!!!!!!!!!!

cuDL

[Arhaes]

Na wer sagt es denn, die Zahlen sind sehr gut.

Siehe: http://www.kitco.com/

MfG