RUSORO MINING - 500 Beiträge pro Seite


WKN: A0LHL7 | Symbol: RML
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21.02.20
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CARACAS, Venezuela _ President Hugo Chavez is awarding a valuable gold mining concession to a joint venture between a Russian-financed company and the Venezuelan government, in an apparent bid to secure new sources of state income as oil prices fall. Venrus, a joint enterprise formed last year between Rusoro Mining Corp. (TSXV:RML)and a Venezuelan state holding company, will begin developing the country's largest gold mine, Las Cristinas, this year, Chavez told Congress late Tuesday.

"Russian company to run Venezuela’s biggest gold mine 15.01.2009
http://www.russia-ic.com/news/show/7671/


The Venezuela’s government and Rusoro Mining Company formed a joint venture named Venrus to develop the gold field with estimated reserves of 35.2 million ounces.

However, there is an unsolved dispute concerning the license to operate the gold mine, currently owned by Canadian Crystallex International.

Crystallex invested US$114 million in the project and fully completed engineering works, when in November of 2008 the Venezuela’s government announced Las Cristinas is to be nationalized. The company expected to launch production of 252 thousand ounces per year in 2010.

Rusoro Mining operates several gold mines with 12.8-million-ounce reserves in Venezuela.




http://www.goldeditor.com/articledisplay.php?id=3108



http://www.pr-inside.com/rusoro-they-ve-been-good-to-us-r943…
Antwort auf Beitrag Nr.: 36.390.884 von XIO am 16.01.09 17:15:31Ich hatte die Aktie mal aufgrund der Übernahme von Mena. Neulich habe ich Gold Reserve geritten. Take care, Rusoro und Endeavour haben wegen der Übernahmeofferte an Gold Reserve eine Klage am A.... :rolleyes:

Neono
Antwort auf Beitrag Nr.: 36.390.933 von Neono am 16.01.09 17:20:24jo, so isses. Dennoch, die Aktie ist einen Zock wert, oder?
Antwort auf Beitrag Nr.: 36.397.487 von Knallbuntes am 18.01.09 11:37:45mit Chavez auf der Unterstützerseite auf jeden Fall... denke ich
SAME OLD STORY, SAME OLD RHETORIC
As Chavez sounds off yet again on Las Cristinas, Las Brisas, Gold Reserve may sell

As Hugo Chavez once again encourages expropriation of gold projects, Gold Reserve said it may consider selling Las Brisas to the Venezuelan Government--at the right price.
Author: Dorothy Kosich
Posted: Thursday , 15 Jan 2009
http://www.mineweb.net/mineweb/view/mineweb/en/page72068?oid…
VIDEO interview with Venezuelan gold mining union leader Manuel Montiel -- total 15' 54" in two parts!

2009-01-19 12:40:38 - Venezuelan gold mining union leader Manuel Montiel speaks to VHeadline Venezuela News about the amalgamation/unification of several trade unions towards a greater empowerment and efficiency in labor relations following what is described as disastrous relationships with USA (Idaho-based) Hecla Mining which was bought out last year by the Russian-owned Agapov Group's Rusoro Mining.

http://www.pr-inside.com/video-interview-with-venezuelan-gol…
Endeavour Financial's Banner Year
By James West
Thursday, January 15, 2009

Endeavour Financial Corp (TSX:EDV) shares have suffered along with the rest of the merchant banking sector that is focused on resources, but that hasn’t stopped them from paying the monthly dividend, which at the end of December 2008 was $0.03 a share – that’s 36 cents a year or 18% yield. The company remains committed to its monthly dividend policy for now.

Endeavour is heading into an aggressive growth year. While other merchant banks sit on their hands adopting a wait-and-see attitude, Endeavour is preparing to capitalize on an environment where opportunities are priced attractively, and the challenge of financing them in the current environment is no cause for hesitation.

The company is in the process of raising CA$100 million by way of short form prospectus, the proceeds of which it will use to “make investments in the natural resource sector”.

The offering is aimed at financial institutions and will not be made available on a retail basis. Speculation in other business press calls into question the advisability of such a move in the current environment, but its the use of proceeds that matters.

Endeavour typically acts as the finance partner for its portfolio of core investments, which are usually companies in which it already owns a substantial interest.

Cash is king in this market and $100 million could buy a huge amount of production or proven ounces in the ground. Many acquisition targets – especially in the junior sector – are trading at pennies on the dollar, need cash – and other than the major mining companies, nobody else has money – except Endeavour.

Endeavour could also use that money to fund expansions of current clients, like Rusoro and their Choco 10 mine in Venezuela, which is going from 100K to 300K oz a year production over the next few years.

(Not that Rusoro is a penniless orphan. The company just announced record quarterly gold production, record low cash costs, and a record production month from its existing operations in Venezuela, producing 38,868 ounces of gold at a cash cost of US$358 per ounce.
Rusoro is expected to produce between 120,000 and 150,000 ounces in 2009. The opportunity before Rusoro, and by extension, Endeavour, is the establishment in 2009 of a Venezuelan gold mining major with a minimum of 45 million ounces of gold in reserve. )

Nevsun would be another example – Endeavour is helping them raise funds to put their high grade Bisha deposit into production. Capex is falling hard and fast right now, so there is great possibility to create value for Endeavour shareholders in a situation like this. Cash buys you more everyday right now.

Given gold’s performance during the last decade relative to other asset classes, raising funds for such an “endeavour” should not be problematic.

The other key point to bear in mind is that Endeavour Financial’s exclusive advisor is Fiore Financial, the private investment arm of legendary financier Frank Giustra, who has been the main force behind some of this decade’s biggest growth stories in the resource sector – Wheaton River Minerals, Northern Orion Resources and Urasia Energy.

In such illustrious company, and with such opportunity, who wouldn’t want to participate in Endeavour Financial’s financial endeavours? Nobody else will have capital. Great projects can now be bought cheap. As usual, Mr. Giustra’s timing is impeccable. This is the man who walked away from the mining industry 10 years ago, at the top, and came back to it in 2001, at the bottom. I’ll put my money with him.
Gold Reserve Postpones Separation Time Under Shareholder Rights Plan

SPOKANE, Wash., Jan 21, 2009 (BUSINESS WIRE) --

Gold Reserve Inc. (NYSE Alternext: GRZ) (TSX: GRZ) today announced that its Board of Directors has postponed the separation time under Gold Reserve's shareholder rights plan to February 17, 2009. The hostile offer by Rusoro Mining Ltd. (TSX-V: RML) of December 15, 2008 (the "Offer") to acquire all of the outstanding shares and equity units of Gold Reserve in consideration for three shares of Rusoro for each Gold Reserve share or equity unit tendered under the Offer is not a "Permitted Bid" within the meaning of the Gold Reserve shareholder rights plan.

Gold Reserve urges its shareholders not to tender their shares or equity units into the inadequate Rusoro Offe
Venezuela: Private companies could take stake in gold mines
CiU1OiP:DiiUiD3aPc:_Yyc:aUU" target="_blank" rel="nofollow">http://www.startribune.com/business/38175764.html?elr=KArks:DCiU1OiP:DiiUiD3aPc:_Yyc:aUU

CARACAS, Venezuela - Venezuela's mining minister says the state is not ruling out the participation of private companies in its gold and diamond mines.

Rodolfo Sanz says Venezuela will take control of its "strategic minerals," but private companies could also have a stake.

President Hugo Chavez said earlier this month that a joint venture between Venezuela and a Russian-financed company would exploit the country's gold resources.

He said the company formed last year would develop Las Cristinas, Venezuela's largest gold mine. Toronto-based Crystallex International Corp. said it had not been informed of any changes to its exclusive rights to the mine.

Sanz said Thursday that gold mining concessions are being reviewed on a case-by-case basis.
heut ordentlich volumen und 22% up in Kanada

..erst kurz vor Handelsende

Gold Reserve issues statement on Shareholder Rights Plan
http://www.stockhouse.com/financialTools/sn_newsreleases.asp…
So langsam geht es um die Wurst

Gold Reserve Granted Interlocutory Injunction Restraining Rusoro Take-over Bid

SPOKANE, Wash., Feb 10, 2009 (BUSINESS WIRE) --

Gold Reserve Inc. (NYSE Alternext:GRZ) (TSX:GRZ) announced today that the Ontario Superior Court of Justice has granted an interlocutory injunction restraining Rusoro Mining Ltd. (TSX-V: RML) ("Rusoro") from proceeding with any hostile takeover bid to acquire the shares of Gold Reserve until the conclusion and disposition at trial of the action commenced by Gold Reserve.

The injunction was granted by the Court following a motion by Gold Reserve on the basis that Rusoro had access to or benefited from the use of Gold Reserve's confidential information as a result of Rusoro's relationship with Endeavour Financial International Corporation (TSX: EDV) ("Endeavour").

The Court also issued an interlocutory injunction restraining Endeavour from having any involvement with a hostile takeover bid for Gold Reserve. The Court further required that Rusoro, Endeavour and their agents return to Gold Reserve both all the confidential information of Gold Reserve and also anything produced from that confidential information.

Doug Belanger, President of Gold Reserve, said, "We are very pleased with the Court's ruling and believe it is entirely appropriate in the circumstances. We remain committed to ensuring that our shareholders receive full value for their investment."
ANDY HOFFMAN

Globe and Mail Update

February 10, 2009 at 12:38 PM EST

An Ontario judge has halted a hostile takeover bid by Rusoro Mining Ltd. for rival Gold Reserve Inc., ruling that the offer is tainted because Rusoro had access to confidential information from a financial adviser who acted for both companies.

Justice Peter Cumming granted an interlocutory injunction restraining Vancouver-based Rusoro from proceeding with an all-stock offer for Gold Reserve, pending the outcome of a trial.

Rusoro's financial adviser on the offer, Endeavour Financial, is prohibited from acting on behalf of Rusoro regarding a potential takeover until the trial concludes.

Lawyers for Gold Reserve had argued that Rusoro had an unfair advantage over other potential bidders because Endeavour possessed confidential information it acquired when it was an adviser to Spokane, Wash.-based Gold Reserve.

“Rusoro, in effect, bought the assurance and advantage of using Gold Reserve's trusted financial adviser, Endeavour, and its possession of relevant confidential information, in substitution for its own due diligence,” Justice Cumming's decision stated.

Gold Reserve has tried for more than a decade to develop the Brisas gold deposit in Venezuela, but has been stymied by the country's government, which has denied it the necessary permits to build and operate the mine.

The Brisas deposit contains more than 10-million ounces of gold.

Rusoro, meanwhile, has found some success in Venezuela, producing gold and claiming it is a “partner of choice” for the Venezuelan government.

Although the company is headquartered in Vancouver, trades on the TSX Venture Exchange, and its largest shareholder is South Africa's Gold Fields Ltd., Rusoro has portrayed itself as a Russian-backed company. The company's chairman, Vladimir Agapov, is a Russian national. Rusoros' chief executive officer is Andre Agapov, Mr. Agapov's son.

In his decision, Justice Cumming noted that Rusoro has close ties to Endeavour, including shared investors and executives.

Rusoro was offering three of its shares for each Gold Reserve share, valuing the company at about $127-million.
Rusoro Mining Ltd. (TSXV:RML). Miner. Down seven cents, or 9.46 per cent, to 67 cents on 7,517,218 shares. The Ontario Superior Court blocked a hostile takeover bid by Rusoro Mining for Gold Reserve Inc. (TSX:GRZ) because the company had access to confidential information it should not have had. The firm immediately withdrew its offer for Gold Reserve because of the court decision.


DEAL DERAILED
Rusoro won't resurrect bid for Gold Reserve

Russian run, but Canadian based, gold miner Rusoro does not plan to re-bid for Gold Reserve. Meanwhile it expects its Choco 10 mill output to rise to 400,000 oz/year.
http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=78…
Crystallex International discussing possible merger to move ahead on Las Cristinas gold mine -- UPDATE!
http://www.vheadline.com/readnews.asp?id=77641
Rusoro Reports Record Gold Production and Cash Costs for January 2009
http://www.marketwire.com/press-release/Rusoro-Mining-Limite…


- 2009 Gold Production Guidance - 170,000 to 190,000 oz, at sustained cash cost below US$400/oz.
Rusoro Mining Ltd. Announces Terms of C$100,200,000.00 Equity Financing :eek::eek::eek:

für was????????????????
Antwort auf Beitrag Nr.: 36.645.614 von XIO am 24.02.09 20:50:41.... vielleicht weil sie einen freundlichen Brief an Crystallex schreiben wollen, da sie auf deren La Cristinas-Depot scharf sind. KRY hat m. W. 100 Mio Bonds ausstehen. KRY hatte mal den Fehler gemacht, sich mit Personen bzw. Firmen kurz zu schließen, die in den Putsch gegen Chavez verwickelt waren. Die werden von Chavez niemals die Lizenz kriegen, und müssen aber den Schuldenberg bedienen. Ansonsten können sie das Geld gut für den Ausbau der eigenen Produktion auf 400 000 Unzen in 2011 oder so verwenden....


mdv
Antwort auf Beitrag Nr.: 36.646.671 von manieredevoir am 24.02.09 23:35:17guter hinweis.. wenn das durch ist, könnte man einsteigen?
Antwort auf Beitrag Nr.: 36.646.711 von XIO am 24.02.09 23:50:27Wenn das durch ist, kann der Kurs schon ganz woanders stehen. Hier sind keine Warrants rangehängt, und der Preis ist mit .60 C$ auch fair, orientiert am Durchschnittskurs der letzten drei Wochen. Die ansonsten beliebte Methode kanadischer Banken, vor einer angedachten Finanzierung den Kurs erst mal soweit runterzuverkaufen, dass man die Abschlussbedingungen für sich verbessert, scheint hier auch nicht gemacht worden zu sein. RML ist eher langfristig kalkuliertes Risiko, da sie (soweit ich mich erinnere) auch noch ein JV mit dem venezolanischen Minenministerium stehen haben. Das sind schon interessante Aussichten. Aber bei den Spielchen, die oft mit Explorern und kleinen / mittleren Produzenten abgezogen werden, gibts keine Garantien. Ist aber ein ausgesprochen interessanter Wert, weil die Russen offenbar sehr gute Verbindungen haben.

mdv
Interview with the President: Rusoro Mining
Friday, February 27, 2009
http://www.midasletter.com/news/09022707_Interview-with-the-…


George Salamis: Our goal is to immediately ramp up production from 170,000 ounces a year to 300,000 ounces.
Antwort auf Beitrag Nr.: 36.689.648 von XIO am 03.03.09 14:50:28ramp up production from 170,000 ounces a year to 300,000 ounces.


Nun, da werde ich mir ein paar in`s Depot legen.
Top gold mining companies in Canada
http://www.commodityonline.com/news/Top-gold-mining-companie…

In decreasing order of value, here is a short list of some of the other money raised in the last week.

C$300 million — First Quantum, equity offering for capital development projects in Africa.

US$65 million — Century Mining, loan repayable with physical gold for the reopening of the Lamaque mine in Quebec.

C$80 million — Rusoro Mining, equity financing fora capital expenditures on several gold projects in Venezuela.

C$65 million — Quadra Mining, bought deal of common shares to refinance existing debt and complete the Franke copper project in Chile.

US$32 million — Glen Eagle Resources, credit facility for unnamed mining acquisitions.

C$12 million — Greystar Resources, sale of shares and warrants for the pre-development of the Angostura gold-silver project in Colombia.

$C10 million — Acadian Mining, private placement to repay debt and advance the company's gold projects in Nova Scotia.

C$10 million — Victoria Gold, private placement to advance gold projects in Nevada and for the acquisition of StrataGold.

Together, the value of these deals approaches C$1.5 billion. That's a lot of money for one-week's announcements. At his rate the future is looking bright for companies with top-quality assets.
Rusoro Mining in efforts to reach agreements with Crystallex International

VHeadline Venezuela News reports: Writing in today's edition of El Diario de Guayana, Isidro Casanova reports that local communities in the south of Bolivar State are in anticipation of an early resolution to a long-standing impasse on mining in the region that will mean employment for thousands of unemployed gold miners who are otherwise forced to engaged in illegal mining operations to be able to feel themselves and their families.

Casanova reports that according to information available to him, development of the Las Cristinas (21 million ounces of proven gold reserves) and the Las Brisas del Cuyuni (13 million ounces) projects is a matter of urgency. He says technicians say that the deposits share the same vein, so a unified development would be beneficial to (foreign) investors as well as to the Venezuelan State ... "local leaders have discussed development models for Las Cristinas and Las Brisas, but any development model is good and what we're waiting for is for operations to be begun."

*

San Isidro parish spokesman Felipe Gonzalez has raised the need for better public services at Las Cristinas where many miner families live. He recognizes the fact that they have already achieved the provision of electricity and street lighting and that "now, everything is linked to a start-up of those projects."

El Diario de Guayana reporter Isidro Casanova says that with regard to strategic partnerships, there is no official information but that mining group has been working with Rusoro Mining in efforts to reach agreements with Crystallex International (formally the operator of the Las Cristinas project) and the Venezuelan Guayana Corporation (CVG) which originally awarded the operating contract to Crystallex. Casanova reports that "talks are progressing well with Gold Reserve at the Las Brisas project and that the discussions are focused on Rusoro Mining, the Venezuela-Russia VenRus C.A. consortium set up last November, Venezuela's own National Mining Company, the state-owned CVG and it's gold-mining subsidiary CVG-Minerven under the auspices of Basic Industries & Mining (Mibam) Minister Rodolfo Sanz, who is also CVG president and brings with him a broad technical experience in gold mining since he has spent his whole life work in gold-mining municipalities in the south of Bolivar State.
April 29, 2009

Rusoro Expects Production To Top 500,000 Ounces In 2012 Without any Further Acquisitions

By Charles Wyatt

When last we wrote about Rusoro Mining it was making a bid for Gold Reserve, another company operating in Venezuela, whose Brisas mine had been put on hold since Hugo Chavez, no lover of North Americans, revoked the construction licence. The difference between the two companies is that Rusoro is looked on as a Russian company and Venezuela and Russia continue to strengthen political and economic ties. It has been operating in Venezuela since 2003 with the Agapov family in control, has lived up to all its promises, and last year was declared partner of choice by the Chavez government, a declaration of mutual regard consummated by the formation of the Isidora/Camorra ‘mixed enterprise’ company for exploiting any other projects in the country. Rusoro had already made a friendly approach last year before it went hostile, but Gold Reserve wriggled off the hook as a result of a ‘poison pill’ defence allowed under Canadian regulations.
What was quite clear was that the directors of Gold Reserve were more interested in their own jobs than the interests of their shareholders, but this will not be the end of the story. As George Salamis, president of Rusoro points out, his company has plenty of work on its hands so it is not in a hurry to acquire Gold Reserve. It will monitor the situation and as things become more difficult for Gold Reserve in Venezuela it may make another move, but the price offered is likely to be lower.

When that happens the following statement from the board of directors of Gold Reserve could be the basis for some interesting complaints from said shareholders: “We are pleased”, said Gold Reserve’s board, “that Rusoro has withdrawn its offer and appreciate the support of our shareholders throughout this process. As we have said, we have valuable assets and are committed to ensuring that our shareholders receive full value for their investment in Gold Reserve".

It is the proven ability of Rusoro to work with the Venezuelan government that gives it its edge and was the one of the reasons why Peter Hambro Mining, the UK company with a strong Russian partner producing gold in Russia, took a stake in the company last year. The other main reason is clearly the operating potential of the company. In 2008 it produced 100,000 ounces of gold. This year it is looking for over 170,000 ounces, and by 2012 it expects to be producing at an annual rate of 540,000 ounces. The Choco 10 mine is the mainstay of production at the moment. Production there shot ahead in the last quarter of 2008 as mill performance improved.

The outcome was 38,868 ounces of gold at a cash cost of US$358/oz. George Salamis is confident that it can now maintain a production rate of 14,000 ozs/month which is the basis for the production target for this year. That last quarter of 2008 was also the first full quarter of positive cash flow from operations. But production will boosted further when Increible 6 comes on stream in the second half of this year. Rusoro acquired Choco 10 from Gold Fields, still a significant shareholder in the company. Gold Fields had carried out a scoping study prior to the sale, indicating that production could rise to 350,000 ozs/year based on a gold price of US$550/oz. Rusoro is now evaluating production potential well in excess of 350,000 ozs using higher throughput rates with feed being contributed by Increible 6 and the Isadora mine. The result of the scoping study will be announced shortly and there is every reason to believe it will be positive. In this case a feasibility study will be initiated later in the year.

Meanwhile a new road has been built from Increible 6 to Choco 10, eight kilometres away, and material will be trucked there for processing. Surface oxides will be mined first and they are expected to contribute between 1,000 and 2,000 ozs gold a month to production until the expansion of the Choco Mill is completed.

Isadora, which was acquired from Hecla Mining, is Rusoro’s newest acquisition and George describes it as a gem, with mine grades in excess of 30 g/t. The ore from Isadora is being processed at Choco 10, which is only 6 kms away and an estimated two years of ore has been developed for future production. An exploration programme there is ongoing as there is considered to be plenty of scope to boost resources.

It’s worth noting, however, that Rusoro has resources of 7.1 million ozs in the measured and indicated categories and another 7.07 million ozs inferred to give a total of 14.17 million ozs of which 2.02 million qualify as reserves.

Next up will be the SREP mine where an underground ramp to access the main mineralised bodies will be completed later this year. A decision will have to be taken as to where to process the ore from SREP, with Emilia, Camorra and Choco 10 all in the frame. A study is underway.

The wild card, however, is the relationship with the Venezuelan government and what acquisitions may result from it. One possibility has to be the Las Christinas mine currently owned by Crystallex and that would take Rusoro well up the mid-tier league.
Antwort auf Beitrag Nr.: 36.981.793 von XIO am 16.04.09 17:25:17
Venezuela: Verkauf und Export einheimischer Goldreserven eingeschränkt
In einer offiziellen Bekanntmachung ordnet das venezolanische Finanzministerium an, dass mindestes 60 Prozent der einheimischen Goldproduktion erst der Zentralbank des südamerikanischen Landes zum Kauf angeboten werden müssen.
Insgesamt verlangt das Finanzministerium nun, dass 70 Prozent des in Venezuela abgebauten Goldes auch dort verkauft werden müssen. Nur die restlichen 30 Prozent können exportiert werden.


Hallo XIO,

Was hältst Du davon ? Trifft das auch für Rusoro zu ? Wenn die Minen gewzungen werden, ihr Gold an die ZB zu erkaufen,werden sie wohl kaum den Marktpreis erzielen, oder ?

Gruß Looe
Antwort auf Beitrag Nr.: 37.102.375 von Looe am 05.05.09 20:29:15abwarten...

wenn der preis ok ist, wärs doch egal..schaun wir mal
die zentralbanken kaufen das gold micht zum zocken, sondern zum aufbau einer golddeckung

selbst mit einem kleinen abschlag könnte man leben, andere hedgen dafür
Antwort auf Beitrag Nr.: 37.103.893 von XIO am 05.05.09 23:18:37selbst mit einem kleinen abschlag könnte man leben, andere hedgen dafür


Stimmt, kann man so sehen. Frage ist nur, ob im Falle eines stark ansteigenden POG die Zentralbank dann auch noch "mit einem kleinen Abschlag" bezahlt oder viell. mit einem etwas größerem, den sie kraft autonomer Willkür festsetzt. Da hätte ich so meine Bedenken, gerade weil man ja eine eigene Golddeckung aufbauen will.

Gruß Looe
Vancouver-based Rusoro Mining CEO Andre Agapov speaks exclusively with VHeadline Venezuela News about the latest moves in Venezuela's gold mining sec tor as of May 5, 2009

2009-05-05_Agapov_Andre_1
http://www.youtube.com/watch?v=SMwDA93kYfo&feature=related

2009-05-05_Agapov_Andre_2
http://www.youtube.com/watch?v=rIU3rm8jmPs
goil: :lick:

".......the results of the PA are highly encouraging and Rusoro remains committed to bringing the project to feasibility by Q2, 2010. The Study shows that over the first three years of production, an expanded Choco 10 Milling Complex will average 545,500 oz Au/yr from 7,300,000 t/yr treated at an average head grade of 2.58 g/t Au, with cash costs averaging $US 331/oz over the life-of-mine (LOM)."
Venezuela cancels El Pauji concession on Gold Reserve's Brisas project
Tuesday , 26 May 2009

http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=83…

...Venezuela's socialist President Hugo Chavez said earlier this year that the gold industry should be controlled by the state. He said the KM88 district would be exploited by a joint venture between the state and a Russian mining company...
...One possible beneficiary of the decision on the El Pauji concession is Russian-owned Canadian miner Rusoro (RML.V: Quote), which is interested in developing the KM88 area and last year launched a failed takeover bid for Gold Reserve. Rusoro declined to comment on the news...
Antwort auf Beitrag Nr.: 37.252.868 von XIO am 26.05.09 14:28:25Des einen Leid, des anderen Freud... :D
Antwort auf Beitrag Nr.: 37.253.123 von to_siam am 26.05.09 15:02:47Geiles Bid (wenn es so bleibt):

Bid
# Orders # Shares Price
10 653,000 0.46
1 30,000 0.45
1 1,500 0.445
2 80,000 0.44
4 14,500 0.435
Antwort auf Beitrag Nr.: 37.262.948 von to_siam am 27.05.09 15:28:47RBC kauft, PI und Canaccord geben:

Recent Trades - Last 10
Time Ex Price Change Volume Buyer Seller Markers
09:30:34 V 0.46 +0.025 500 124 Questrade 59 PI K
09:30:34 V 0.46 +0.025 100,000 2 RBC 59 PI K
09:30:34 V 0.46 +0.025 100,000 2 RBC 59 PI K
09:30:34 V 0.46 +0.025 75,000 2 RBC 59 PI K
09:30:34 V 0.46 +0.025 74,500 2 RBC 59 PI K
09:30:00 V 0.46 +0.025 300 89 Raymond James 33 Canaccord E
09:30:00 V 0.46 +0.025 25,500 2 RBC 33 Canaccord K
09:30:00 V 0.46 +0.025 100,000 2 RBC 33 Canaccord K
09:30:00 V 0.46 +0.025 75,000 2 RBC 33 Canaccord K
09:30:00 V 0.46 +0.025 11,000 2 RBC 33 Canaccord K
Antwort auf Beitrag Nr.: 37.265.335 von XIO am 27.05.09 18:42:26Vielen Dank. Spannend. :look:
Cash is king, cash flow is queen


http://www.stockhouse.com/Community-News/2009/May/13/Cash-is…" target="_blank" rel="nofollow">http://www.stockhouse.com/Community-News/2009/May/13/Cash-is…


Growth is surprisingly hard to find in the gold sector

[Editor’s note: The following article originally appeared on www.aheadoftheherd.com]

If cash is king, cash flow is queen. As the debt crisis eases, management teams in the mining industry can again re-focus on their #1 job – growing the business and creating shareholder value. Since September 2008, companies have been telling their shareholders how much cash they have, what there spending commitments are, how they are preserving cash etc. Now they can go back to talking about cash flow growth, just like every other business!

While there will still be ups and downs, investors are no longer concerned with systemic financial collapse.

Growth growth growth – whose got it? Growth is surprisingly hard to find in the gold sector (and that’s a good reason why the price of gold should remain buoyant for some time to come). My first article in this series on “growth companies” highlighted two intermediates that are well on their way down the path to major status, Red Back Mining (TSX: T.RBI, Stock Forum) and New Gold (TSX: T.NGD, Stock Forum) . Both Eldorado (TSX: T.ELD, Stock Forum) and Agnico-Eagle (TSX: T.AEM, Stock Forum) will see production increases of more than 50% over the next three years. And Goldcorp (TSX: T.G, Stock Forum) is scheduled to increase production 50% over the next five years. No surprise here, all of the above companies are good solid growth stories and deserve investors attention.

But I found a growth story that just might surprise.

In my constant ongoing search for growth stories among juniors and intermediates one company came up as a complete surprise – Rusoro Mining (TSX: V.RML, Stock Forum).

Now I’ll be the first to admit that very few companies have had more bad press than Rusoro recently has in their failed take-over attempt of Gold Reserve (TSX: T.GRZ, Stock Forum) for their nine million ounce Brisas deposit in Venezuela.

But what makes Rusoro interesting isn’t all this soap opera negative publicity, but their real progress on the ground which until today has been hidden from potential investors. Rusoro, since purchasing their first production assets in Venezuela in 2008, have consistently increased production and lowered operating costs per ounce.

One of the reasons being they have no problems getting permits, which was a huge source of frustration for both Gold Reserve and Crystallex (TSX: T.KRY, Stock Forum), the other Venezuelan mining companies. This is undoubtedly due to the relationship their Russian chairman, Vladimir Agapov, has with Venezuelan President Hugo Chavez.

Since taking over the Choco 10 mine in December 2007, Rusoro has increased production from 4,000 ounces a month to over 10,000 ounces a month.

Cash costs per ounce have dropped in half, from $800/oz to under $400. So at the same time their gross production is increasing, so is their profit margin per ounce.

The company’s guidance for 2009 is an average of 14,000 ounces a month production, or 170,000 ounces a year. Next year they have a new mine, SREP, commencing production, which will take them to 250,000 ounces per year. SREP is a high grade underground mine, at close to one ounce per ton.

Also in 2009, Rusoro will release the results of a scoping study, outlining the basic economics involved in more than doubling production at Choco 10 to more than 400,000 oz a year.

Free cash flow at Rusoro is showing sustained quarter over quarter improvements, and should continue to do so through this year and next. The cost of the mill at the new SREP project is a low $15-$20 million, and adds 80,000 oz of production a year. Rusoro just raised $80 million in equity, so there is lots of cash to complete this.

Rusoro has shown they are good operators; probably much better than what the market believes. Investors just can’t hear the good news because of the noise surrounding Venezuelan politics and the failed Gold Reserve bid. So far, Rusoro’s Russian connections have helped the company operate in Venezuela, but the low share price says investors remain unconvinced that that means much.

I think it mean’s a lot, I also think Rusoro’s shares are extremely undervalued, but won’t stay that way for long after investors manage to unwrap the wet news blanket covering this exciting growth story. Rusoro warrants further due diligence by anyone wanting to add an exciting growth story to their portfolio.

This article was written by a member of the Stockhouse community.

If you're interested in the junior resource market and would like to learn more please come and visit us at.

http://www.aheadoftheherd.com/

Disclosure: None of the stocks mentioned are advertisers on www.aheadoftheherd.com and the author does not own shares in any companies mentioned in this article.
Rusoro hat im I./Quartal 2009 bereits Geld verdient:



*****

Quelle: www.stockwatch.com

Rusoro earns $500,000 in Q1, record gold production


Rusoro Mining Ltd (C:RML)
Shares Issued 529,845,623
Last Close 5/29/2009 $0.49
Monday June 01 2009 - News Release

Mr. George Salamis reports

RUSORO MINING REPORTS NET INCOME OF $0.5 MILLION FOR Q1 2009 AND RECORD PRODUCTION OF 39,503 OUNCES OF GOLD

Rusoro Mining Ltd. is providing its financial results for the three-month period ended March 31, 2009. The company's first quarter of 2009 consolidated financial statements and management's discussion and analysis (MD&A) have been filed on SEDAR.

All amounts set out in this news release are unaudited and in U.S. dollars unless otherwise stated.

Q1 2009 Highlights

- 40,632 ounces of gold sold at a realized price of $742 and with a cash cost per ounce of $378.

- Record production of 39,503 ounces of gold.

- Net income of $0.5 million and net income before income taxes and non-controlling interest of $2.0 million.

- Positive cash flow from operating activities of $6.8 million.

- Advancement of Alvarez underground ramp is on track towards the goal of intercepting the main mineralized zone of San Rafael and El Placer contiguous concessions in Q1 2010.

- Completed an equity financing by way of short-form prospectus for net proceeds of $60.2 million.

- Ended the quarter with $65.6 million in cash, cash equivalents and short-term investments and a convertible loan of $79.3 million (including its equity component) that is due on June 10, 2010.

Key Operating Statistics for Q1 2009 are as follows:

The data below is for 100% of the Choco Mine (open-pit mining operation) and 50% of the Isidora Mine (underground mining operation).



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

3 months ended 3 months ended

March 31, 2009 March 31, 2008

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

Choco Isidora Total Choco Isidora Total

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

Ore tonnes mined ('000 t) 645 9 654 476 n/a 476

Ore tonnes milled ('000 t) 573 7 580 617 n/a 617



Average grade (g/t) 1.9 23.2 2.2 1.4 n/a 1.4

Average recovery rate (%) 87% 90% 87% 87% n/a 87%



Gold produced (ounces) 33,729 5,774 39,503 25,040 n/a 25,040

Gold sold (ounces) 34,274 6,358 40,632 16,659 n/a 16,659



Total mining operating

expenses $(000) 13,133 5,236 18,369 7,932 n/a 7,932

Minus:

- stock based

compensation $(000) 10 - 10 18 n/a 18

- asset retirement

obligation accretion

$(000) 125 54 179 - n/a -

- fair value differential

of inventory acquired

$(000)(1) - 2,813 2,813 - n/a -

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

Total cash costs

$(000)(2) 12,998 2,369 15,367 7,914 - 7,914

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

Total cash costs

per ounce sold(3) $379 $373 $378 $475 - 475

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



Average spot gold price n/a n/a 908 n/a n/a 925

Average realized

gold price(4) n/a n/a 742 n/a n/a 702

Discount to spot

gold price n/a n/a 18% n/a n/a 24%

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



1) In calculating cash costs per ounce sold the Company has excluded the

difference between the book value and fair value of inventory acquired

at the date of acquisition of the 50% interest in the Isidora Mine.



2) Total cash costs used in the calculation of cash costs per ounce is

calculated as mining operating expenses from the consolidated statement

of operations excluding stock-based compensation, accretion expense

related to the asset retirement obligation and expense of the fair value

differential between the book value and fair value of inventory acquired

at the date of acquisition of the 50% interest in the Isidora Mine.



3) Cash costs per ounce sold is a non-GAAP measure. Total cash costs per

ounce sold as shown above is calculated by dividing the total cash costs

by the gold ounces sold during the period. Cash costs per ounce sold

includes all expenditures incurred at the mine site such as mining,

processing, administration, royalties and production taxes but excludes

reclamation, capital and exploration expenditures and the fair value

differential between the book value and fair value of inventory acquired

at the date of acquisition of the 50% interest in the Isidora Mine.



4) Average realized gold price is impacted by a discount to spot price of

gold as indicated under the heading "Venezuelan Exchange Controls and

Revenue" in the MD&A and by the timing of gold sales.

Choco Mine

During Q1 2009, the Company's 95%-owned Choco Mine produced 33,729 oz and had a cash cost per ounce sold of $379. Cash costs were less than forecasted due mainly to lower processing costs and higher-grade (g/t) ore processed. Gold production is on track. The Company's guidance for 2009 of 135,000 ounces of gold production at Choco Mine at $420 cost per ounce remains unchanged.

Isidora Mine

During Q1 2009, the Company's 50% owned Isidora Mine produced 11,548 oz (5,774 net to the Company) and had a cash cost per ounce sold of $373. Cash costs were higher than expected due mainly to production falling behind guidance for 2009. The Company continues to forecast 70,000 ounces of gold production at Isidora Mine for 2009 (35,000 net to the Company) at $290 cost per ounce.

The Company is on schedule with its exploration program at Isidora Mine designed to expand existing resources to support future gold production with 5,981 meters of drilling (13 holes) completed during Q1 2009.

Correction of Previously Reported Q4 2008 Production Figures

The Company reported in a news release dated January 14, 2009 that the Company's production at the Choco Mine Mill for Q4 2008 was 38,868 ounces of gold at a total cash cost per ounce of $358. This included 11,903 ounces of gold production representing 100% of the ore produced from the Isidora Mine. However the Company later determined as part of the closing of the 2008 audited financial statements that proportionate consolidation of a 50% interest and only 9 days of operations of the Isidora Mine during Q4 2008 was appropriate. The Company reached this conclusion after making a comprehensive assessment as part of the audit of the financial statements of the various facts and circumstances derived from the Hecla-Venezuela Acquisition and Mixed Enterprise Agreement. Therefore the MD&A for the year 2008 does not report production data and cash cost per ounce for a 100% interest in the Isidora Mine and for the production for the entire fourth quarter of 2008 as did the news release. The above resulted in a corrected production figure of 27,464 ounces of gold for Q4 2008 and a corrected cash cost per ounce figure of $502 for Q4 2008. For further details in regards to these corrected figures please refer to the MD&A for the year ended December 31, 2008.

© 2009 Canjex Publishing Ltd.
Antwort auf Beitrag Nr.: 37.320.965 von XIO am 04.06.09 16:59:30PS:

News Releases

Rusoro Mining Receives Exchange Approval for a Trust Agreement and Contribution Agreement

VANCOUVER, BRITISH COLUMBIA, Jun 04, 2009 (MARKETWIRE via COMTEX News Network) --

Rusoro Mining Ltd. (the "Company" or "Rusoro") (TSX VENTURE: RML) announces that it has entered into a trust agreement and a contribution agreement dated September 8, 2008, whereby Rusoro has agreed to pay to a trust established for members of management and the Executive Committee of the Board of Directors, a success fee upon the completion of a transaction or series of transactions which results in a change of control of the Company. For the purposes of the contribution agreement, a "Transaction" is defined as:

(a) any merger, consolidation, reorganization, recapitalization, restructuring, leveraged buyout, business combination, or any transaction pursuant to which the Company is acquired by or combined with a third party; or

(b) the acquisition by a third party of any assets or operations of the Company, or any outstanding shares of the Company; or

(c) a sale or spin-off of any material assets, of 5% or more of the capital stock of any subsidiary of the Company, or any transaction which has the effect of altering the capitalization of the Company.

Where a change in control accompanies the Transaction, the success fee will be equal to 1% of the aggregate transaction value as defined in the contribution agreement. If the Transaction involves the acquisition of less than 50% of the voting power of the then outstanding shares of Rusoro, then the success fee will be equal to 0.5% of the aggregate transaction value.
Nach dem "dicken" Cross mit runden 5 Mio. Stücken heuer der nächste. Zwar etwas kleiner, aber immerhin:



36 Records Returned

Trades
Exchange Date Price Change Volume Buyer Seller Markers
V 2009-06-10 09:35:41 0.455 -0.045 10,000 124 Questrade 33 Canaccord K
V 2009-06-10 09:35:38 0.45 -0.05 2,000,000 33 Canaccord 33 Canaccord K
V 2009-06-10 09:35:36 0.455 -0.045 5,000 1 Anonymous 33 Canaccord K
V 2009-06-10 09:35:32 0.455 -0.045 5,000 79 CIBC 33 Canaccord K
V 2009-06-10 09:35:29 0.455 -0.045 5,000 79 CIBC 33 Canaccord K
V 2009-06-10 09:35:28 0.455 -0.045 5,000 79 CIBC 33 Canaccord K
V 2009-06-10 09:35:28 0.455 -0.045 5,000 79 CIBC 33 Canaccord K
V 2009-06-10 09:35:27 0.455 -0.045 5,000 79 CIBC 33 Canaccord K
V 2009-06-10 09:35:27 0.455 -0.045 50,000 2 RBC 33 Canaccord K
V 2009-06-10 09:35:26 0.455 -0.045 5,000 79 CIBC 33 Canaccord K
V 2009-06-10 09:35:26 0.455 -0.045 5,000 79 CIBC 33 Canaccord K
V 2009-06-10 09:35:25 0.455 -0.045 5,000 79 CIBC 33 Canaccord K
V 2009-06-10 09:35:24 0.455 -0.045 4,000 79 CIBC 33 Canaccord K
V 2009-06-10 09:35:19 0.455 -0.045 10,000 88 Scotia iTRADE 33 Canaccord K
V 2009-06-10 09:35:19 0.455 -0.045 10,000 88 Scotia iTRADE 33 Canaccord K
V 2009-06-10 09:35:19 0.46 -0.04 11,000 88 Scotia iTRADE 33 Canaccord K
V 2009-06-10 09:35:19 0.47 -0.03 10,000 5 Penson 33 Canaccord K
V 2009-06-10 09:35:19 0.47 -0.03 5,000 74 GMP 33 Canaccord K
V 2009-06-10 09:35:19 0.48 -0.02 2,000 85 Scotia 33 Canaccord K
V 2009-06-10 09:35:19 0.485 -0.015 10,000 2 RBC 33 Canaccord K
V 2009-06-10 09:35:19 0.49 -0.01 5,000 124 Questrade 33 Canaccord K
V 2009-06-10 09:35:19 0.50 0.00 3,000 1 Anonymous 33 Canaccord K
V 2009-06-10 09:35:00 0.50 0.00 40,000 2 RBC 1 Anonymous K
V 2009-06-10 09:35:00 0.50 0.00 1,000 79 CIBC 1 Anonymous K
V 2009-06-10 09:34:39 0.50 0.00 5,000 2 RBC 2 RBC K
V 2009-06-10 09:33:47 0.50 0.00 5,000 2 RBC 2 RBC K
V 2009-06-10 09:30:00 0.51 0.02 100 89 Raymond James 7 TD Sec E
V 2009-06-10 09:30:00 0.52 0.02 3,000 79 CIBC 69 Jordan K
V 2009-06-10 09:30:00 0.52 0.02 500 79 CIBC 89 Raymond James K
V 2009-06-10 09:30:00 0.52 0.02 5,000 79 CIBC 27 Dundee K
V 2009-06-10 09:30:00 0.52 0.02 2,000 7 TD Sec 27 Dundee K
V 2009-06-10 09:30:00 0.52 0.02 3,000 13 Instinet 27 Dundee K
V 2009-06-10 09:30:00 0.52 0.02 6,000 13 Instinet 2 RBC K
V 2009-06-10 09:30:00 0.52 0.02 1,000 13 Instinet 1 Anonymous K
V 2009-06-10 09:30:00 0.52 0.02 2,000 7 TD Sec 1 Anonymous K
V 2009-06-10 09:30:00 0.52 0.02 4,000 2 RBC 2 RBC KL
Antwort auf Beitrag Nr.: 37.364.063 von to_siam am 10.06.09 15:45:125 Mio. Cross war am 05.06.2009.
Venezuela to partner with 100% Russian state company on Las Cristinas

http://www.vheadline.com/readnews.asp?id=80858

Business News Americas (Harvey Beltran): Although the Venezuelan government has not officially decided which mining company will be its partner in the Las Cristinas gold project, a senior sector executive told BNamericas that this partnership would not be with Rusoro Mining, but with a 100% state-owned Russian company. The Las Cristinas gold project is to be handed over to the state, which will then create a joint venture to manage the project. "But the partner company has not been announced yet; this is something that is being decided by the President [Hugo Chavez]," said Luis Herrera, finance director with the basic industries and mining ministry (Mibam).

CONCESSIONS
Herrera also said that now mining concessions are only being granted to joint venture companies. The Mibam finance office continues work on rearranging the mining sector and retaking inactive or expired concessions, he said. With this reorganization state gold miner Minerven has regained control of resources such as the Tomi mine, the Sosa Mendez mine and the Revemin plant. In May, Canadian miner Crystallex International (KRY) said it was preparing a lawsuit to take before the World Bank's International Centre for the Settlement of Investment Disputes (ICSID) to regain control of Las Cristinas.

Crystallex previously sent a letter of protest to the government pointing out what it described as the country's failure to grant approval to develop the project, which it considered a breach of a treaty between Canada and Venezuela. Las Cristinas has 464 m/t grading 1.13 g/t gold or 16.9 m/oz contained in proven and probable reserves, in addition to 629 m/t grading 1.03 g/t gold or 20.8 m/oz contained in the measured and indicated categories.
Cannacord upgrade BUY
RUSORO MINING LTD.RML : TSX-V : C$0.45 | C$204.00M Buy, C$1.00$0Venezuelan promise -- BUY, target price C$1.00$0$0Jim Taylor, 44.20.7050.6648 Targeting substantial production increase and cost decrease in 2009 $0Higher grades at Choco 10 and a full year's production at Isidora (50%) are planned to lift attributable production from 95koz last year to 157koz this year. Costs are planned to fall from US$649/oz to US$407/oz as a result of increased production and depreciation of the local currencyRecent studies point to potential for rate of 560koz from Choco by end 2012 $0A positive Preliminary Assessment of increasing production at Choco 10 to 560koz pa by late 2012 was completed in May. Indicated capex was US$239 million and total cash costs were US$331/oz. A Feasibility Study is planned to be completed by mid-2010.Attractive projects but low rating presents opportunity $0Perceptions of political risks in Venezuela have overshadowed the attractions of the company's projects, leading to a low rating. However, the company has operated successfully in the country and continues to act as a consolidator.We are transferring coverage of Rusoro Mining following a reallocation of analyst resources. We are re-instating a BUY recommendation and setting a target price of C$1.00 per share (previously Under Review). We base our target price on a P/NAV multiple of 0.4 assuming our peak gold price scenario of US$1,100/oz and a discount rate of 5%. The stock is currently trading at a P/NAV of 0.26 times assuming the spot gold price and a 5% discount rate.Main risks relate to Venezuelan gold sales policy and project delivery Venezuela operates exchange controls and a gold sales policy that result in the company receiving a discount of around 20% of the spot gold price. The company is seeking clarification on recent proposed changes to the law. We also note that our valuation assumes the commencement of the expanded production at Choco 10 from the beginning of 2013.$0
http://www.bloomberg.com/apps/news?pid=20601102&sid=axDtGjCa…

...Peter Hambro is interested in raising its stake in Rusoro Mining Ltd., the biggest gold producer in Venezuela, from 1.1 percent and is studying projects in neighboring countries.

“We aren’t a portfolio investor,” Maslovsky said. “We entered this project aiming to increase our participation at some point of time. In other regions of the world we currently see no projects that would give us synergy.” ...
Antwort auf Beitrag Nr.: 37.562.532 von XIO am 13.07.09 17:18:32Danke für den Artikel. :)
Antwort auf Beitrag Nr.: 37.580.324 von XIO am 15.07.09 20:10:27
Und Canaccord, die RML jüngst mit Kursziel 1,00 CAD empfohlen haben, selbst mit auf der richtigen Seite:

Trades
Exchange Date Price Change Volume Buyer Seller Markers
V 2009-07-15 13:45:48 0.44 0.04 1,000 1 Anonymous 2 RBC K
V 2009-07-15 12:49:37 0.44 0.04 10,000 1 Anonymous 88 Scotia iTRADE K
V 2009-07-15 12:18:55 0.44 0.04 1,000 1 Anonymous 89 Raymond James K
V 2009-07-15 11:33:14 0.44 0.04 10,000 1 Anonymous 7 TD Sec K
V 2009-07-15 10:44:22 0.44 0.04 5,000 1 Anonymous 7 TD Sec K
V 2009-07-15 10:26:04 0.44 0.04 5,000 1 Anonymous 58 Qtrade K
V 2009-07-15 10:25:52 0.44 0.04 10,500 1 Anonymous 7 TD Sec K
V 2009-07-15 10:25:12 0.44 0.04 500 1 Anonymous 89 Raymond James K
V 2009-07-15 10:24:50 0.44 0.04 8,000 1 Anonymous 7 TD Sec K
V 2009-07-15 10:18:53 0.435 0.035 12,000 33 Canaccord 9 BMO Nesbitt K
V 2009-07-15 10:14:54 0.435 0.035 10,000 33 Canaccord 7 TD Sec K
V 2009-07-15 10:12:46 0.435 0.035 500 33 Canaccord 89 Raymond James K
V 2009-07-15 10:11:39 0.435 0.035 5,000 33 Canaccord 58 Qtrade K
V 2009-07-15 10:09:28 0.435 0.035 10,500 33 Canaccord 79 CIBC K
V 2009-07-15 10:07:59 0.43 0.03 4,000 1 Anonymous 7 TD Sec K
V 2009-07-15 10:07:59 0.425 0.025 3,500 1 Anonymous 7 TD Sec K
V 2009-07-15 10:07:59 0.42 0.02 5,000 1 Anonymous 9 BMO Nesbitt K
V 2009-07-15 10:07:59 0.42 0.02 1,000 1 Anonymous 89 Raymond James K
V 2009-07-15 10:05:02 0.41 0.01 5,000 7 TD Sec 58 Qtrade KL
Antwort auf Beitrag Nr.: 37.580.447 von to_siam am 15.07.09 20:30:34könnte noch bissl mehr volumen reinkommen.. das wäre gut für nachhaltigen anstieg, dazu fehlt aber noch DIE News!
Antwort auf Beitrag Nr.: 37.580.495 von XIO am 15.07.09 20:38:59Venezuela consents to arbitration in new BIT with Russia

http://www.investmenttreatynews.org/cms/news/archive/2009/07…

....musss m,ich selber erstmal schlau machen.. gerade erst gefunden
Antwort auf Beitrag Nr.: 37.580.495 von XIO am 15.07.09 20:38:59Erwartest Du etwas Bestimmtes?

Außer der Reihe ist in diesem Geschäft ja grundsätzlich immer etwas möglich, aber spätestens Anfang September sollte der nächte Quartalsbericht anstehen. Und da der letzte schon recht positiv war und der Goldpreis bis dato kaum Sommerflaute gehabt hat, bin ich wirklich gespannt... ...positiv natürlich. :look:
Antwort auf Beitrag Nr.: 37.581.791 von to_siam am 15.07.09 23:25:38na in Bezug auf Goldreserves oder Chrystallex`s Properties könnte ja noch was kommen, das wäre der Bringer schlechthin, wenn die sich irgendwie annähern
Rusoro Mining Initiates Major Engineering Studies at Choco 10 and San Rafael/El Placer (SREP)

VANCOUVER, BRITISH COLUMBIA, Jul 20, 2009 (MARKETWIRE via COMTEX News Network) --

Rusoro Mining Ltd. (TSX VENTURE: RML) is pleased to report that it has initiated a feasibility study for a major expansion at its Choco 10 operations and near-by Increible 6 gold deposit and a pre-feasibility study at its SREP gold deposit both of which are located in the Bolivar State region in south eastern Venezuela. Both studies are expected to be completed in the first half of 2010.

At Choco 10, the feasibility study comes on the heels of a positive Preliminary Assessment (PA), completed by Micon International Limited. The PA is detailed in a report dated June 2, 2009 and titled "Technical Report on the Preliminary Assessment of the Expansion of Production at Choco 10, Bolivar State, Venezuela". The PA outlined favourable economics for a significant expansion from 170,000 oz Au/yr (2009 guidance) to over 500,000 oz Au/yr at cash cost of US$331/oz Au over the life of mine (LOM). .....
:eek::eek::eek:

Russian Agapov Group's Rusoro Mining to exploit Venezuela's gold resources
http://www.pr-inside.com/russian-agapov-group-s-rusoro-minin…

VHeadline Venezuela News reports:

El Mundo reveals that the company is Grupo Agapov-owned Rusoro (CEO Andre Agapov pictured right) which is already in association with the Venezuelan State in a socialist 50/50 joint venture in south-eastern Bolivar State......


trotzdem erstmal mit Vorsicht geniessen, ich bin z.B. ja wie bereits gesagt an RML interessiert
Danke Dir für die zwei Posts. Vielleicht kann ich nachher noch was in eine andere, ebenfalls positive Richtung nachlegen. ;)
Antwort auf Beitrag Nr.: 37.658.911 von to_siam am 28.07.09 11:46:01Bin auch gerade am überlegen, ob ich nich schnell noch was nachbutter heute in Kanada
Antwort auf Beitrag Nr.: 37.658.943 von XIO am 28.07.09 11:48:19Meinte etwas anderes mit "nachlegen"...

***

Wollen mal schauen, wie es sich auswirkt nachher. Orderbuch sieht nicht schlecht aus, Bid in einer Range von 2 Cent mit dickeren Blöcken, Ask in einer Ranke von 7 Cent eher mit "Kleinkram".

Was wir brauchen, ist mal ein nachhaltiges Kaufinteresse. Vielleicht bekommen wir das ja mit den nächsten Quartalsergebnissen. In diese Richtung ging auch mein "Nachlegen"... ;)


Market Depth By Order For RML as of 2009-07-28 07:58:03
Special terms orders and non-boardlot orders do not appear in the Market Depth by Order.

Bid Ask
Broker Volume Price
33 Canaccord 18,000 0.40
15 UBS 8,000 0.40
9 BMO Nesbitt 20,000 0.395
5 Penson 5,000 0.395
80 National Bank 5,000 0.39
79 CIBC 5,000 0.385
88 Scotia iTRADE 15,000 0.385
5 Penson 25,000 0.385
7 TD Sec 3,000 0.38
88 Scotia iTRADE 30,000 0.38

Price Volume Broker
0.41 4,000 7 TD Sec
0.415 5,500 9 BMO Nesbitt
0.425 4,000 7 TD Sec
0.435 4,000 33 Canaccord
0.44 529 85 Scotia
0.44 4,000 7 TD Sec
0.45 8,000 80 National Bank
0.45 9,180 7 TD Sec
0.475 10,000 7 TD Sec
0.48 4,000 7 TD Sec
Antwort auf Beitrag Nr.: 37.660.154 von to_siam am 28.07.09 14:01:53
So sieht das übersichtlicher aus:

Bid
# Orders # Shares Price
2 26,000 0.40
2 25,000 0.395
1 5,000 0.39
3 45,000 0.385
4 42,000 0.38

Ask
Price # Shares # Orders
0.40 1,000 1
0.41 4,000 1
0.415 5,500 1
0.425 4,000 1
0.435 4,000 1
http://www.entornointeligente.com/resumen/resumen.php?items=…

Übersetzung: Spanisch » Deutsch
Empresa rusa firmará acuerdo para explotar oro en el país Esta noticia ha sido leída: 60 veces Publicada a las 12:15 PM del 27 de Julio de 2009 | El Mundo El Gobierno venezolano convendrá hoy y mañana un acuerdo para la explotación aurífera en el país con una empresa rusa. Se trata de Rusoro Mining, que luego de la asociación con el Estado, lleva por nombre Venrusca. Ambos países hace casi dos años asumieron este compromiso con la firma de cuatro acuerdos de cooperación, los cuales se llevaron a cabo en la V Comisión Intergubernamental de Alto Nivel VenezuelaRusia. Extraoficialmente se supo que en este encuentro podrían iniciarse las conversaciones para la búsqueda de $ 6.000 millones que necesitan las empresas de la CVG para lograr la adecuación tecnológica, después de casi 15 años de desinversión. El ministro para las Industrias Básicas y Minería, Rodolfo Sanz, dijo hace una semana que se evaluará si tal inversión se realizará con la emisión de bonos soportados sobre las reservas auríferas. El Mibam, a través de la CVG, concretó un convenio con la empresa Ruscaolín, a fin de construir una industria mixta para la producción de cerámica y productos afines denominada "Ciproca". Esta producirá baldosas, sanitarios, vajillas, cerámicas, gres esmaltado, pego para cerámica e hidropinturas. Luego de suscribir estos convenios, el ministro prevé trasladarse a Ciudad Guayana y reunirse con los trabajadores de Sidor y con los del sector aluminio, para iniciar planes de desarrollo industrial y continuar solucionando los problemas laborales de las empresas.

Russischen Unternehmen unterzeichnet Vereinbarung zur Nutzung in Gold des Landes
Diese News wurde 60 mal gelesen

Veröffentlicht um 12:15 Uhr am 27. Juli 2009 | Die Welt


Die venezolanische Regierung heute und morgen zu einer Einigung zu nutzen Gold in dem Land mit einem russischen Unternehmen.

Dies ist Rusoro Bergbau, dann die Partnerschaft mit dem Staat, heißt Venrusca.

Die beiden Länder fast zwei Jahren hat dieses Engagement mit der Unterzeichnung von vier Kooperationsvereinbarungen, die in den V-High-Level Zwischenstaatlichen Kommission VenezuelaRusia.

Inoffiziell war es gelernt, dass das Treffen konnte beginnen Gespräche suchen $ 6,000 Milliarden, die Unternehmen benötigen, um CVG, um technologische Anpassung, nach fast 15 Jahren der Desinvestition.

Minister für Bergbau und Basic Industries Rodolfo Sanz sagte letzte Woche, dass eine Beurteilung der Frage, ob eine solche Anlage erfolgt durch die Ausgabe von Anleihen, die auf Gold.

Die Mibam durch CVG, ergänzt eine Vereinbarung mit der Firma Ruscaolín, um eine gemischte Industrie für die Herstellung von Keramik und die damit verbundenen Produkte namens "Ciproca.

Dadurch wird Fliesen, Toiletten, Geschirr, Keramik, Steinzeug glasiert, Keramik-und hidropinturas Hit.

Nach der Unterzeichnung dieser Abkommen, die Minister geplant, um in Ciudad Guayana, und treffen sich mit den Arbeitnehmern von Sidor und der Aluminium-Industrie, Pläne, um die industrielle Entwicklung und den Problemen der Industrie.
http://lta.reuters.com/article/businessNews/idLTASIE56R03B20…

Venezuela y la minera ruso-canadiense Rusoro anunciaron este año que desarrollarán conjuntamente los importantes yacimientos auríferos Las Cristinas y Brisas, en el sudoeste del país y con reservas de oro valoradas en más de 30.000 millones de dólares.


Google:

Venezuela und der russisch-kanadischen Bergbau Rusoro angekündigt, in diesem Jahr, die gemeinsam die großen Goldfeldern und Las Brisas Cristinas, im Südwesten des Landes mit Gold im Wert von mehr als 30.000 Millionen Dollar.
Antwort auf Beitrag Nr.: 37.660.167 von to_siam am 28.07.09 14:03:27ich hoffe dringend, daß die letzten meldungen nicht nur heisse Luft sind, es wäre zu schade!
Antwort auf Beitrag Nr.: 37.667.769 von XIO am 29.07.09 10:56:22
Heute ist im Bid drüben gut was zu sehen bei RML. Der Quartalsbericht steht an. Im vorletzten IKN Weekly habe ich dazu schon eine sehr aufschlussreiche Prognose gelesen... ;)

RML:

Bid
# Orders # Shares Price
1 92,000 0.39
1 5,000 0.385
4 109,000 0.38
1 15,000 0.365
3 27,200 0.36

Ask
Price # Shares # Orders
0.41 17,000 3
0.42 4,000 1
0.425 2,500 1
0.435 4,000 1
0.45 27,180 3
06 August 2009 23:08
Gold Fields results: Nick Holland - CEO, Gold Fields


.....ALEC HOGG: Nick, we've been talking with the bankers this week - first Maria Ramos and then Mike Brown - about their write-offs. We'd expect that from bankers because they lend out money. You've had a massive write-off, though, as well, of R1.1bn on an operation called Rusoro. Give us the background.

NICK HOLLAND: Rusoro is the company that bought our Venezuelan assets that we owned a couple of years back, and we sold those assets for a combination of cash and shares. We got a sizeable cash component. But with Venezuela being what it is today, the political discount in that country is huge and, despite the fact that they've got some tremendous ore bodies, and they've got a good growth profile, we deemed it prudent to write the investment down to its market value.

ALEC HOGG: The share price of Rusoro has actually fallen.

NICK HOLLAND: It hasn't fallen. It's remained low. Last year we didn't take the impairment because it was fairly early on after the transaction, but given a sustained period of weakness we decided we needed to make the impairment. We believe that the inherent value of that operation is significantly higher, and I am sure that in time the potential will be realised.

ALEC HOGG: In time and a post-Chavez society?

NICK HOLLAND: Probably.

ALEC HOGG: But you did do well by selling when you sold.

NICK HOLLAND: Well, we did, because we did get in almost $200m in cash, so we did recoup a sizeable portion of our initial purchase of those assets, and then we took the shares, which is an option on the upside. And over time it's interesting to see what's going to happen. So it's a long-tem option on Venezuela. I don't think we should get too fixated about a book-entry write-down here. We could well get the value back in time.

ALEC HOGG: Nick Holland is the chief executive of Gold Fields.

http://www.moneyweb.co.za/mw/view/mw/en/page295799?oid=30964…" target="_blank" rel="nofollow">
http://www.moneyweb.co.za/mw/view/mw/en/page295799?oid=30964…
http://www.vheadline.com/readnews.asp?id=82694

"New phase" at Las Cristinas will put stop to minimal exploitation by Crystallex Internationa


>>>...CVG-Minerven contract engineer Valerio Guerrero believes there is a wider picture in the development of Venezuela's gold mining sector in recent discoveries in El Dorado which point to greater gold-bearing deposits. Guerrero, who is president of High-Tech Mining Investments C.A., says that if you add in zones that have not yet been evaluated, the (broader) Las Cristinas reserves may have up to two times the (original) estimate of 32 million troy ounces....<<<
Gold Fields Limited: Record Safety Year


>>>We have decided to write down the investment in Rusoro to its market value at year end notwithstanding our view that its inherent value is significantly greater than its current market value. This is the main contributing factor towards the net loss during the quarter.<<<

http://sev.prnewswire.com/mining-metals/20090806/3949515en_i…
Gestern gab es nach Tagen/Wochen des rumgedösels unter niedrigen Umsätzen in Kanada dann plötzliche anziehende Umsätze.

Heute, siehe die u.a. bisherigen Trades, haben wir schon mehr als doppelt so viele wie gestern unter anziehenden Kursen gesehen.

Ob das die (freudigen) "Vorwehen" für den in Kürze (bis spätestens Anfang September) erwarten 2. Quartalsbericht sind?

Could be, could be...

"OttoRock" von http://incakolanews.blogspot.com/ hatte die Tage ja schon mal ein wenig gerechnet... :look:




Here are all the trades for : RML on 8/ 13/2009.
36 Records Returned

Trades
Exchange Date Price Change Volume Buyer Seller Markers
V 2009-08-13 12:02:33 0.42 0.02 3,500 79 CIBC 7 TD Sec K
V 2009-08-13 12:02:33 0.41 0.01 5,000 79 CIBC 2 RBC K
V 2009-08-13 12:02:33 0.405 0.005 1,500 79 CIBC 7 TD Sec K
V 2009-08-13 11:57:03 0.405 0.005 2,000 1 Anonymous 7 TD Sec K
V 2009-08-13 11:53:52 0.40 0.00 28,000 2 RBC 33 Canaccord K
V 2009-08-13 11:53:15 0.40 0.00 100,000 2 RBC 33 Canaccord K
V 2009-08-13 11:52:52 0.40 0.00 500 15 UBS 33 Canaccord K
V 2009-08-13 11:52:23 0.40 0.00 52,000 2 RBC 33 Canaccord K
V 2009-08-13 11:50:22 0.40 0.00 500 15 UBS 33 Canaccord K
V 2009-08-13 11:48:22 0.40 0.00 500 15 UBS 33 Canaccord K
V 2009-08-13 11:42:39 0.40 0.00 14,500 15 UBS 33 Canaccord K
V 2009-08-13 11:40:49 0.40 0.00 1,000 15 UBS 33 Canaccord K
V 2009-08-13 11:37:19 0.40 0.00 1,000 15 UBS 33 Canaccord K
V 2009-08-13 11:33:29 0.40 0.00 1,000 15 UBS 33 Canaccord K
V 2009-08-13 11:29:59 0.40 0.00 1,000 15 UBS 33 Canaccord K
V 2009-08-13 11:26:39 0.40 0.00 1,000 15 UBS 7 TD Sec K
V 2009-08-13 11:23:09 0.40 0.00 1,000 15 UBS 7 TD Sec K
V 2009-08-13 11:19:59 0.40 0.00 1,000 15 UBS 7 TD Sec K
V 2009-08-13 11:17:09 0.40 0.00 1,000 15 UBS 7 TD Sec K
V 2009-08-13 11:14:09 0.40 0.00 1,000 15 UBS 7 TD Sec K
V 2009-08-13 11:11:19 0.40 0.00 1,000 15 UBS 7 TD Sec K
V 2009-08-13 11:08:19 0.40 0.00 1,000 15 UBS 7 TD Sec K
V 2009-08-13 11:05:09 0.40 0.00 1,000 15 UBS 7 TD Sec K
V 2009-08-13 10:57:24 0.39 -0.01 48,000 2 RBC 33 Canaccord K
V 2009-08-13 10:55:07 0.39 -0.01 51,500 2 RBC 33 Canaccord K
V 2009-08-13 10:54:22 0.39 -0.01 48,500 2 RBC 33 Canaccord K
V 2009-08-13 10:53:59 0.39 -0.01 1,000 15 UBS 33 Canaccord K
V 2009-08-13 10:53:59 0.39 -0.01 1,000 15 UBS 33 Canaccord K
V 2009-08-13 10:47:39 0.39 -0.01 1,000 15 UBS 33 Canaccord K
V 2009-08-13 10:47:35 0.39 -0.01 20,000 15 UBS 33 Canaccord K
V 2009-08-13 09:58:58 0.39 -0.01 1,000 36 Latimer 33 Canaccord K
V 2009-08-13 09:54:50 0.39 -0.01 25,000 1 Anonymous 33 Canaccord K
V 2009-08-13 09:30:00 0.39 -0.01 300 19 Desjardins 89 Raymond James E
V 2009-08-13 09:30:00 0.39 -0.01 2,500 2 RBC 33 Canaccord K
V 2009-08-13 09:30:00 0.39 -0.01 3,000 2 RBC 7 TD Sec K
V 2009-08-13 09:30:00 0.39 -0.01 2,500 2 RBC 7 TD Sec KL


Antwort auf Beitrag Nr.: 37.775.814 von to_siam am 13.08.09 18:37:57heute auch schon wieder über 400.000 shares gehandelt.
Antwort auf Beitrag Nr.: 37.776.877 von XIO am 13.08.09 20:36:44
Cooles Computer-Kaufprogramm am Werk, derzeit alle 2 min 20 sec einmal 500 Stück am Ask gekauft:

Exchange Date Price Change Volume Buyer Seller Markers
V 2009-08-13 15:30:52 0.40 0.00 500 15 UBS 33 Canaccord K
V 2009-08-13 15:28:42 0.40 0.00 500 15 UBS 33 Canaccord K
V 2009-08-13 15:26:32 0.40 0.00 500 15 UBS 33 Canaccord K
V 2009-08-13 15:24:22 0.40 0.00 500 15 UBS 33 Canaccord K
V 2009-08-13 15:22:02 0.40 0.00 500 15 UBS 33 Canaccord K
V 2009-08-13 15:19:52 0.40 0.00 500 15 UBS 33 Canaccord K
V 2009-08-13 15:17:42 0.40 0.00 500 15 UBS 33 Canaccord K
V 2009-08-13 15:15:32 0.40 0.00 500 15 UBS 33 Canaccord K
V 2009-08-13 15:13:22 0.40 0.00 500 15 UBS 33 Canaccord K
V 2009-08-13 15:11:02 0.40 0.00 500 15 UBS 33 Canaccord K
Antwort auf Beitrag Nr.: 37.777.353 von to_siam am 13.08.09 21:33:39
Nee, 2 Minuten und 10 Sekunden. Aber er variiert, vorhin hat er auch mehr und schneller genommen. Ich meine, ich hätte über UBS neulich schon mal so etwas Ähnliches gesehen. Vielleicht ein Profi, also ein Insti, vielleicht ein Fond. Da hattest Du ja neulich mal eine Aufstellung gebracht, dass einige Fonds Rusoro-Positionen aufgebaut oder deutlich aufgestockt hatten.

Kein schlechtes Zeichen. Alle, die jetzt zu CAD 0,40 verkaufen, halten uns bei CAD 0,50 oder CAD 0,60 nicht mehr auf.

Was hat Canoaccord neulich noch für ein Kursziel ausgegeben? Genau, den runden CAD... ...schaun mer mal. Mir würden auch die CAD 0,75 von "OttoRock" erstmal ausreichen.
Russians revealed in secret talks with Crystallex to resolve Las Cristinas gold mine dilemma in Venezuela before cash runs out completely!

http://www.vheadline.com/readnews.asp?id=83018
Venezuela: a banana kleptocracy
http://network.nationalpost.com/np/blogs/francis/archive/200…



Canadian eh?
All enlightened governments, including Canada’s which just signed an investment agreement, should deem Venezuela a “no-go” zone. This is because the country, under Hugo Chavez, has descended into a kleptocracy. Industries, like coffee and rice, have just been nationalized and confiscations without compensation are underway.
Two Canadian mining companies are victims, as are Venezuelan business interests, and there are gross human rights abuses, says Canadian lawyer, activist Robert Amsterdam.
In his white paper entitled “The Erosion of Judicial Autonomy under Hugo Chavez”, Amsterdam and his Venezuelan legal colleagues recite a case involving Eligio Cedeno who has been jailed without charges for two years because he opposes the Chavez regime. Here is their executive summary:
“The rule of law and liberal democracy in Venezuela are crumbling under the leadership of President Hugo Chavez. Chavez has subverted the fundamental institutions of government converting theminto tools for maintaining and consolidating personal power,” they wrote.
“He and his supporters harass those who do not align themselves politically and ideologically with the Bolivarian Revolution. They use various means to persecute their opponents, including assaults in the media, violence, censorship and false criminal charges. Chavez has gained complete control of the criminal justice system. A growing class of political prisoners has emerged, including businessman Eligio Cedeno.”
“Intervention by the international community is both necessary and appropriate in order to preserve the rights of Venezuelan citizens.”

Official theft

So where is the Canadian and other governments when it comes to preserving the rights of foreign firms and individuals. Take the case of the two embattled Canadian mining companies – Crystallex International Corporation and Gold Reserve Inc. They have spent years exploring and millions obtaining rights to develop two world-class ore bodies in Venezuela only to have them confiscated, de facto, through illegal means. Both trade for pennies as a result.
Crystallex’s statement in its 2009 Second Quarter was: “The Company's principal asset is its interest in the Las Cristinas gold project located in Bolivar State, Venezuela. The Company's interests in the Las Cristinas concessions are derived from a Mine Operating Contract (the "MOC") with the Corporacion Venezolana de Guayana (the "CVG") which grants Crystallex exclusive rights to develop and mine the gold deposits on the Las Cristinas property.”
“The Company has not received a response from the Minister of Environment and Natural Resources ("MinAmb") to its June 16, 2008 appeal of the Director General of the Administrative Office of Permits at MinAmb denying its request for the Permit for the Las Cristinas project.”
“On March 2, 2009, the CVG confirmed that the Company was in compliance with the MOC. This corroborates the Company's position that is not in default of the MOC and there is no change in control under the terms of the MOC. The Company plans to remain compliant with the MOC in order to protect the option of proceeding to international arbitration.”
That’s theft through government obstruction and stone-walling.
The other case involves a combination of Venezuelan tactics to obstruct and reduce the value of Gold Reserve Inc. combined with a hostile takeover bid this winter by Rusoro Mining Inc., a Moscow favorite. The bid failed because it was declared illegal by the Ontario Superior Court because a financial intermediary was collecting fees from both parties without disclosing this to Gold Reserve.

Canada bye bye unless you bear arms
Lest anyone discount this as just the usual maneuverings in the world of mining, the secret intentions to steal from the Canadians were published last fall in a blog out of China.
“Venezuela said it will offer a joint venture to Russian-owned miner Rusoro to operate the Las Cristinas and Brisas gold projects, currently under contract to two Canadian companies, Mining minister Rodolfo Sanz on Thursday. He told a Russian delegation that a memorandum of understanding would soon be signed with Rusoro. It appeared that Sanz intends to replace the Canadian companies who operate the projects that contain some of Latin America's largest gold deposits, with Rusoro, but he did not mention their names.”

Why would this be happening, given the fact that the Canadian companies had signed a deal and invested millions in good faith already?
“What’s happening in Venezuela is not understood by Canadians,” said Amsterdam in a recent interview. “Chavez has political prisoners, he is killing opposition without due process.I have a client who is victim to phony charges, no trial and has been in jail for two years. there are two million people on Chavez’s black list who are denied decent jobs. In the meantime, he is causing problems with neighboring countries and has bought US$10 billion worth of arms from Russia. We just don’t get the danger.”
Lloyds of London does. In June, it withdrew maritime “war risk” policy cover for Venezuela, “the first such exclusion of a Latin American country for 20 years. the move is the latest sign of Venezuela’s deteriorating business environment,” wrote Oil and Gas Insight in June.
Im Kurs ist RML ja wirklich "zäh, wie Katzenleder"...

...aber ich weiß nicht, warum ich hier relaxed, relaxter, megarelaxed bin.

Liegt es daran, dass die Q/II. Ergebnisse die Tage kommen werden oder dass wir in Sachen zusätzlicher Deposits ernormes Überraschungsmomentum in der Hinterhand haben? :rolleyes:

Vielleicht sogar an beiden Punkten... :look:
Crystallex may form JV with the Venezuelan government to develop Las Cristinas
http://www.vheadline.com/readnews.asp?id=82939

Canadian miner Crystallex International might form a JV with the Venezuelan government to develop the Las Cristinas gold mine, a sector executive told BNamericas. "This is something that is now possible thanks to the government's new policies on forming joint ventures, but it really depends on which company," the executive said.

*

The director of finance at the Basic Industries & Mining ministry (Mibam), Luis Herrera, has said that any JV must be through a 49:51 agreement whereby the state is the majority shareholder.

Herrera has also said that anyone interested in mining in Venezuela should be ready to start working immediately and have ample funds.

Despite the comments about Crystallex considering a JV with the state, it is continuing with plans to mine Las Cristinas by itself and is awaiting environmental permission. Since Crystallex received operating permission for Las Cristinas in 2002 it has completed all of the required documentation but is still waiting to receive the environmental license needed to begin construction.

Meanwhile, Mibam has said it would give the project to Russian company Rusoro Mining but to date the government has not officially informed Crystallex of this decision. "There is no document or regulation that backs this decision," the executive said, adding that Crystallex continues to be Las Cristinas' operator as defined in an agreement signed with the mining concession's owner, state heavy industry holding industry CVG.

In a statement published on November 28, 2008, Crystallex said that it hopes to cordially settle the dispute within six months, otherwise it would take the issue to international courts. Las Cristinas has 464Mt grading 1.13g/t gold in proven and probable reserves, in addition to 629Mt grading 1.03g/t gold in measured and indicated resources.
..selbst, wenn man sich zur "Sicherheit" noch ein paar Crystallex ins Depot holt, wenn es mit der Übernahme doch nix wird...


werde mal drüber nachdenken..

Marktkapital. 70,76 Mio. USD

524Mio g
+647Mio g
...........
1.171 Mrd g = ~ 39 Mio Unc AU
Die Filings für Q.II/2009 sind da, daraus hier die Highlights:

Quelle: www.stockwatch.com



Corporate Development Highlights

The Company’s highlights for the second quarter of 2009 were:

 Cash cost per ounce sold of $322 (2008: $652)

 Record production of 48,523 ounces of gold (2008: 25,062 ounces)

 Completed a scoping study to evaluate the potential for gold production expansion of the Choco Mine operation to a production rate of up to 20,000 tonnes per day by sourcing gold resources and
reserves from the Choco Mine and the near-by Increible 6 deposit. The scoping study results were reported in the news release dated May 19, 2009, which is available on SEDAR at www.sedar.com

 Continued optimization of operations at the Choco Mine mill with installation of new kiln and carbon recovery system which enhanced gold recoveries

 Drilling at the Isidora Mine continues to expand high grade gold zones for future development

 Advanced construction of the Alvarez underground ramp which will provide access to the main mineralized areas in the contiguous San Rafael and El Placer concessions (“SREP”). Construction is on track towards the goal of intercepting the main mineralized zone in Q1 2010





Mein persönliches Fazit:

1. Beeindruckende Reduzierung der Cash-Kosten je Unze im Jahrevergleich.

2. Ausgezeichnete Steigerung der Goldproduktion im Jahresvergleich.

3. Weitere Verbesserungen hinsichtlich der Produktion in der Pipeline sowie deutliches Explorationspotential in Sicht.
Antwort auf Beitrag Nr.: 37.842.937 von to_siam am 25.08.09 08:53:00Sehe das genau so wie Du. Nur der Chart ist offensichtlich "anderer Meinung". Woran liegt das ? Irgend etwas muß doch bei dieser Firma nicht stimmen, sonst müßte der Kurs doch ca. 5 x höher sein.
Habe den Titel auf meiner WL und werde auch irgendwann mal kaufen. Frage ist nur, wann ? bzw bei welchem Kurs ?
Antwort auf Beitrag Nr.: 37.845.341 von Looe am 25.08.09 13:09:51Vermutlich ist auch ein Venezuela-Abschlag enthalten, was ja auch nicht völlig aus der Welt gegriffen ist. Dennoch: Ich sehe den Chart gar nicht so negativ, hier im Bereich CAD 0,40 haben wir die Dolddrums (fast) herum bekommen und gehen nun in die Goldsaison. Dazu haben wir hier bei RML auch noch zusätzliches "Zuwachspotential" (z.B. Stichwort: Crystallex) als Überraschungsmoment...

...aber das ist Zukunft, warten wir erstmal ab, was die Herren Brokerhäuser und Analysten zu den aktuellen Zahlen von RML schreiben.

Canaccord hatte RML neulich ja schon mit Kurzziel CAD 1,00 empfohlen, IncaKolaNews sieht zumindest die CAD 0,75. :look:
Geht schon los:


Quelle www.stockwatch.com



Rusoro Mining produces 48,523 ounces of gold in Q2
Ticker Symbol: C:RML


Rusoro Mining produces 48,523 ounces of gold in Q2


Rusoro Mining Ltd (C:RML)
Shares Issued 529,845,623
Last Close 8/24/2009 $0.385
Tuesday August 25 2009 - News Release

Mr. George Salamis reports

RUSORO MINING REPORTS RECORD PRODUCTION OF 48,523 OUNCES OF GOLD FOR Q2 2009 AT RECORD LOW CASH COST OF US$322 PER OUNCE

Rusoro Mining Ltd. has released its financial results for the three-month period ended June 30, 2009. The Company's Q2 2009 consolidated financial statements and management's discussion and analysis (MD&A) have been filed on SEDAR (www.sedar.com).

All amounts set out in this news release are unaudited and in United States Dollars unless otherwise stated.

Q2 2009 Highlights

- Cash cost per ounce Au sold a record low of $322 per oz.

- Record production of 48,523 ounces of gold.

- Completed a positive Preliminary Assessment to evaluate the potential for gold production expansion of the Choco Mine operation to a production rate of over 500k oz Au/yr, which will source gold resources and reserves from the Choco Mine and the near-by Increible 6 gold deposit.

- Continued optimization of operations at the Choco Mill with installation of a new kiln and carbon recovery system which has enhanced gold recoveries.

- Drilling at Isidora continues to expand high grade gold zones for future development.

- Advanced construction of the Alvarez underground ramp which will provide access to the main mineralized areas in the contiguous San Rafael and El Placer concessions ("SREP"). Construction is on track towards the goal of intercepting the main mineralized zone in Q1 2010.

- Ended the quarter with $58.7 million in cash, cash equivalents and short-term investments.

Key Operating Statistics for Q2 2009 are as follows:

The data below is for 100% of the Choco Mine (open-pit mining operation) and 50% of the Isidora Mine (underground mining operation).


OPERATING STATISTICS

For the three months For the three months
ended June 30, ended June 30,
2009 2008
Choco Isidora Total Choco Isidora Total

Ore tonnes mined (1,000 t) 623 8 631 611 N/A 611
Ore tonnes milled (1,000 t) 548 11 559 628 N/A 628

Average grade (g/t) 2.38 21.56 2.76 1.39 N/A 1.39
Average recovery rate (%) 93% 90% 93% 87% N/A 87%

Gold produced (ounces) 40,739 7,784 48,523 25,062 N/A 25,062

Gold sold (ounces) 15,348 3,136 18,484 36,343 N/A 36,343

Total mining operating
expenses $(1,000) 4,468 1,099 5,567 23,848 N/A 23,848
Asset retirement
obligation accretion
$(1,000) (120) (70) (190) 138 N/A 138
Adjustment to foreign
currency conversion
rate $(1,000)(1) 451 127 578 - N/A -
-------- -------- -------- ------- ------- -------
Total cash costs
$(1,000)(2) 4,799 1,156 5,955 23,710 N/A 23,710
-------- -------- -------- ------- ------- -------
Total cash costs per ounce
sold $(3) 313 369 322 652 N/A 652
-------- -------- -------- ------- ------- -------
Average spot gold price N/A N/A 922 N/A N/A 903
Average realized gold
price $(4) N/A N/A 605(1) N/A N/A 637
Discount to spot gold price N/A N/A 34%(1) N/A N/A 29%

Official exchange rate
(BsF to U.S. dollar) N/A N/A 2.15 N/A N/A 2.15
Average implicit exchange
rate (BsF to U.S. dollar) N/A N/A 6.65 N/A N/A 3.51

(1) As described in the selected quarterly information section of the
management discussion and analysis, revenue in the second quarter was
negatively impacted by $1.4-million and mining operating expenses positively
impacted by $600,000 due to a change in the computation of the foreign
currency conversion rate applied to revenue and mining operating expenses.
Excluding the effect in revenue of the change in method mentioned above, the
average realized gold price for the three months ended June 30, 2009, is
$681 and the discount to average spot gold price is 26 per cent.
(2) Total cash costs used in the calculation of cash costs per ounce is
calculated as mining operating expenses from the consolidated statement of
operations excluding accretion expense related to the asset-retirement
obligation and adjustment to foreign currency conversion rate.
(3) Cash costs per ounce sold are a non-generally accepted accounting
principles (GAAP) measure. Total cash costs per ounce sold as shown above is
calculated by dividing the total cash costs by the gold ounces sold during
the period. Cash costs per ounce sold includes all expenditures incurred at
the mine site such as mining, processing, administration, royalties and
production taxes, but excludes reclamation, capital and exploration
expenditures and adjustment to foreign currency conversion rate.
(4) Average realized gold price is impacted by a discount to spot price of
gold as indicated in the Venezuelan Exchange Controls and Revenue and by
the timing of gold sales.

Choco Mine Q2

During Q2 2009, the Company's 95%-owned Choco Mine produced 40,739 oz Au and had a cash cost per ounce sold of $313 as compared to 25,062 oz Au and a cash cost of $652 per ounce sold, reported in Q2, 2008. Cash costs were less than forecasted due mainly to lower overall costs and higher-grade (g/t) ore processed, as well as enhanced recoveries due to the installation of a new kiln and carbon recovery system. The Company's guidance for 2009 remains at 135,000 ounces of gold production at the Choco Mine operations, while the cash cost per ounce guidance for 2009 has been reduced to $375 per oz Au from the originally forecast $420 per oz Au due to the aforementioned increase in efficiencies at the mine and mill.

During Q2 2009 the Company completed a positive Preliminary Assessment (PA), completed by Micon International Limited, to evaluate the viability of a major expansion at the Choco Mine and Choco Mine Mill and which will incorporate the nearby Increible 6 gold deposit. The PA is detailed in a report dated June 2, 2009, and titled "Technical Report on the Preliminary Assessment of the Expansion of Production at Choco 10, Bolivar State, Venezuela". The PA outlined favourable economics for a significant expansion from 135,000 oz Au/yr (2009 guidance) to over 500,000 oz Au/yr at cash cost of US$331/oz Au over the life of mine (LOM). Micon International Limited will continue on as the Company's engineering consultants on the project and will be responsible for overseeing the feasibility study through to its completion. The scoping study results were reported in the news release dated May 19, 2009, which is available on SEDAR at www.sedar.com.

Isidora Mine Q2

During Q2 2009, the Company's 50% owned Isidora Mine produced 7,784 oz Au (net to the Company) and had a cash cost per ounce sold of $369. The Company continues to forecast 70,000 ounces of gold production at Isidora Mine for 2009 (35,000 net to the Company) with an adjusted cash cost guidance of $350 per oz Au, up from the originally forecast $290 per oz Au due to an increase in the payroll costs at the mine site as a result of a new union agreement and increases in social and community costs during the first half of the year.

Rusoro drilled 6,170m in 12 holes in Q1 2009 and the drilling was successful in confirming the continuity along strike and to depth as well as expanding the main structures of the Isidora gold deposit.

The Company is on schedule with its exploration program at Isidora Mine designed to expand existing resources to support future gold production with 6,229 meters of drilling (12 holes) completed during Q2 2009, bringing the total in 2009 to over 12,000m.

Diamond drilling was conducted by Versacore and Perforaciones Tecnodrill of Puerto Ordaz, Venezuela. All drilling and drill sampling have been completed using industry standard practices. All drill core is described in detail and photographed and one-half of the core remains for inspection and reference.

Sample analyses have been conducted at SGS labs, Actlabs and Triad Labs located in El Dorado, Tumeremo and El Callao, Venezuela. All sample analyses were completed using industry standard fire assay practices. A detailed program of quality assurance / quality control (QA/QC) includes standard samples, blanks and duplicate check samples which are randomly inserted into the sample stream. Additionally check assays are completed on pulps and sample rejects at the primary lab as well as on duplicate pulps at a second lab. A review of the QA/QC results shows no significant bias and all results are considered highly reliable. Sample rejects for all drill samples are stored in Rusoro's secure facilities in Tumeremo, Venezuela, and will continue to be available for any further testing which may be required. All QA/QC is completed under the direction of G.F. Smith, P.Geo.

San Rafael/El Placer (SREP) Development Project Q2

During Q2 2009 great strides were made at the SREP with the initiation of a pre-feasibility study and in the advancement of the Alverez Ramp to within 700m of the main mineralized zones at the project. The Pre-feasibility study was awarded to Whillans Mine Studies Ltd. The engineering consulting firm has previously advised the company concerning the development of the Alvarez Ramp which is currently under construction to access the main mineralized zones at SREP. Based on the amount of data already compiled and the engineers intimate and ongoing knowledge of the project the Company expects that the study can be completed in early 2010. The SREP Project currently has National Instrument 43-101 ("NI 43-101") compliant resources of 399,000 oz Au indicated (639,000t @ 19.41g/t) and 523,500 oz Au Inferred (703,000t @ 23.16g/t) as detailed in a report titled "Technical Report on the San Rafael-El Placer and Days Vein Deposits, Bolivar State, Venezuela" dated October 2, 2008.

Qualified Person: Mr. Gregory Smith, P.Geo, the Vice-President, Exploration of the Company, is the Qualified Person as defined by National Instrument 43-101, and is responsible for the accuracy of the technical and scientific information within this news release.

� 2009 Canjex Publishing Ltd.
Antwort auf Beitrag Nr.: 37.842.937 von to_siam am 25.08.09 08:53:00Die politische Situation hemmt hier wohl den Kurs !?
Der müßte bei diesem Q2 Ergebnis doch wesentlich positiver reagieren!
Antwort auf Beitrag Nr.: 37.849.079 von pirker7 am 25.08.09 19:01:39heute auch mal in FFM Umsatz

denk daran, Goldfields hat eine Menge Kohle in RML investiert... und geht auch davon aus, daß sie diese mit Profit zurück bekommen werden
Antwort auf Beitrag Nr.: 37.849.262 von XIO am 25.08.09 19:22:21PS. http://www.moneyweb.co.za/mw/view/mw/en/page295799?oid=30964…

>>>NICK HOLLAND: Well, we did, because we did get in almost $200m in cash, so we did recoup a sizeable portion of our initial purchase of those assets, and then we took the shares, which is an option on the upside. And over time it's interesting to see what's going to happen. So it's a long-tem option on Venezuela. I don't think we should get too fixated about a book-entry write-down here. We could well get the value back in time.<<<
Antwort auf Beitrag Nr.: 37.849.079 von pirker7 am 25.08.09 19:01:39
+ 7,8 % an der Heimatbörse ist doch schon mal nicht schlecht.

***

@XIO - Ja, aber wie da in Frankfurt gekauft wurde. Bei so einem liquiden Titel wir RML braucht man nun wirklich nicht so fett überpari zu kaufen.
Antwort auf Beitrag Nr.: 37.849.079 von pirker7 am 25.08.09 19:01:39Die politische Situation hemmt hier wohl den Kurs !?

Hier liegt der Hase wohl im Pfeffer:

the average realized gold price for the three months ended June 30, 2009, is
$681 and the discount to average spot gold price is 26 per cent.2.4) Average realized gold price is impacted by a discount to spot price of
gold as indicated in the Venezuelan Exchange Controls and Revenue
and by
the timing of gold sales.

Das war immer meine Befürchtung, daß die nicht den vollen Ertrag erhalten. Da nützen dann auch die sensationell niedrigen "cash cost of production" nix mehr. Ein Abschlag von 26 % muß erst einmal verdient werden, ist ja eine glatte Gewinnhalbierung.
Antwort auf Beitrag Nr.: 37.852.762 von Looe am 26.08.09 09:55:04Diese Frage habe ich schon mal im posting # 27 und 29 im Mai angeschnitten:

selbst mit einem kleinen abschlag könnte man leben, andere hedgen dafür

Stimmt, kann man so sehen. Frage ist nur, ob im Falle eines stark ansteigenden POG die Zentralbank dann auch noch "mit einem kleinen Abschlag" bezahlt oder viell. mit einem etwas größerem, den sie kraft autonomer Willkür festsetzt. Da hätte ich so meine Bedenken, gerade weil man ja eine eigene Golddeckung aufbauen will.

Gruß Looe
Antwort auf Beitrag Nr.: 37.861.617 von Looe am 27.08.09 09:30:59Im Vergleich zum Explorieren verfügt auch das Produzieren über vielfältige Probleme: Streiks, politische Unwägbarkeiten, Produktionsverzügerungen und -störungen, höhere Produktionskosten, Naturgewalten, Mißmanagement...

...habe ich etwas vergessen? Wahrscheinlich eine ganze Reihe.

Der von Dir genannte Punkt ist mir allerdings neu, aber ich kann ihn nicht hinwegwischen, denn es ist etwas dran. Wer in Venezuela investiert, sollte wissen, was er tut.

Für mich ist das Ganze hier eine kurzfristige Geschichte, RML werde ich sicherlich nicht als Rentenzusatzversicherung langfristig halten.

Mit meinen letzten Käufen zu CAD 0,37 und CAD 0,40 lag ich teilweise schon gut im Plus, hätte die also mit (kleinem) Gewinn verkaufen können. Habe ich aber nicht...

...denn ich gehe davon aus, dass ich RML innerhalb der nächsten drei Monate, also bis zum Q. III/2009 bzw. Ende November 2009, für erheblich mehr verkaufen kann. Das ist gleichzeitig auch meine persönliche "Deadline" hier, falls nichts Außergewöhnliches dazwischen kommt.

Nun mag der eine oder andere die von Canaccord ausgerufenen CAD 1,00 als sehr "ambitioniert" betrachten, das kann man, keine Frage, aber ich denke CAD 0,65 bis CAD 0,80 sollten drin sein, denn wir kommen nur in die saisonal feste Goldzeit. Dazu haben wir immer noch Überraschungspotential über zusätzliche Deposits in der Hinterhand.

Hier einmal der saisonale Goldchart: Ab September ging es hier im Mittel rund:


Rusoro looks at London

http://www.growthbusiness.co.uk/news/smallcap-spotlight/1070…

Andre Agapov, boss of Canada-quoted Rusoro Mining, is thinking of dangling its Venezuelan gold prospects before London investors.

Rusoro, now listed at the equivalent of 22.5p on the junior Toronto Venture Exchange, claims potential resources of 17 million ounces of gold in the oil-rich South American republic’s El Callao, El Dorado and Cuyuni districts, with two million oz at 3.5 grammes of gold per tonne of ore in the proven and probable category. The company’s Choco project, sold to it by major South African mining group Goldfields in exchange for a 26.4 per cent stake, is set to show it has exceeded target production of 170,000 oz for this year at a cash cost, before capital and financing expenses, now down to $322 an ounce, against today’s market price of nearly $965.

Agapov, whose father Vladimir is chairman and major shareholder in Rusoro and on friendly terms with Venezuela’s controversial president Hugo Chavez, says the company aims to produce 500,000 oz of gold a year from Choco alone by 2012, but will need £125 million to progress its projects. He and Rusoro’s president George Salamis point out it has £34 million cash and £50 million convertible debt in place, some of it from Russian gold miner Peter Hambro Mining, and hint the company could seek access to the new Russo-Venezuelan development bank – but indicate they are also thinking of a London listing to test the UK equity market.

The entrepreneurial Andre Agapov, who says his own earlier dispute with the Thai government over the Bangkok Bank of Commerce was satisfactorily resolved, argues the Chavez regime is not as hostile to foreign mining companies as many, especially in the USA, believe. He acknowledges a long-running dispute over the future ownership of Venezuela’s Las Cristinas gold mine has done little to reassure overseas investors, but insists Rusoro has always been able to secure acceptable terms.
Antwort auf Beitrag Nr.: 37.948.535 von XIO am 09.09.09 18:31:02
Danke Dir. :)

Die 4-Tagesbilanz sieht ja schon mal nicht schlecht aus, aber es fehlt noch der zündende Funke, der uns mal über die CAD 0,50 hinweg Richtung CAD 0,60/0,70 bringen könnte:

C:RML - RUSORO MINING LTD.
2009-09-09 V 0.48 0.45 0.46 +0.01 706866
2009-09-08 V 0.47 0.45 0.45 +0.02 887621
2009-09-04 V 0.44 0.41 0.43 +0.02 522950
2009-09-03 V 0.46 0.395 0.41 +0.01 672662
Rusoro Mining Receives Exploitation Permit to Bring the Increible 6 Gold Deposit to Production
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 11, 2009) - Rusoro Mining Ltd., (TSX VENTURE:RML) ("Rusoro" or "RML") is pleased to report that the Company has received the exploitation permit from the Ministry of Basic Industry and Mines (MIBAM) to begin mining at the Increible 6 gold deposit in the Bolivar State mining region in south eastern Venezuela. The Increible 6 is located approximately eight kilometres from the Company's Choco 10 Mine and Mill where ore from the Increible 6 will be processed.

The permit was duly issued to the Corporacion Venezolana de Guayana (CVG) the governmental entity which is the legal holder of the Increible 6 mineral title. General Mining de Guayana, a 100% RML owned Venezuelan subsidiary, has a leasing contract with the CVG for 20 years from the date of the exploitation permit and is legally entitled, as formal leaseholder, to perform all the activities authorized by the permit. It is the only exploitation permit approved this year in the Venezuelan mining sector.

The Certificate of Exploitation was published in Venezuela's Official Gazette on September 9th, 2009. With this Exploitation Certificate the Company can now complete the final step required for the start of mining which is the receipt of the Permit to Affect Natural Resources from the Ministry of the Environment. The permitting process remains on track for production from Increible 6 in 2009.

Rusoro's 100% owned Increible 6 deposit is host to 1,587,000 ounces indicated (23.5 Mt @ 2.11g/t Au) and 1,100,000 ounces inferred (17.5 Mt @ 1.95g/t Au) (see News Release - Nov. 15, 2007), which Rusoro has advanced through discovery, delineation and now development. The resource estimates for Increible 6 are detailed in a technical report dated November 14, 2007, revised and updated February 14, 2008, titled "Technical Report on the Increible 6 Property, Bolivar State, Venezuela".

Increible 6, along with Choco 10, was the subject of a scoping study (PA), which highlighted the production expansion alternatives for the future (see News Release - May 19, 2009). The positive PA was completed by Micon International Limited, and evaluated the viability of a major expansion at the Choco Mine and Mill and which incorporated the nearby Increible 6 gold deposit. The PA is detailed in a report dated June 2, 2009 and titled "Technical Report on the Preliminary Assessment of the Expansion of Production at Choco 10, Bolivar State, Venezuela". The PA outlined favourable economics for a significant expansion from 135,000 oz Au/yr (2009 guidance) to over 500,000 oz Au/yr at a cash cost of US$331/oz Au over the life of mine (LOM). The PA is preliminary in nature, and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary assessment will be realized. See news release (May 19, 2009) for a summary of the basis for the PA and a listing of the qualifications and assumptions made by the qualified persons.

Qualified Person: Mr. Gregory Smith, P.Geo, the Vice-President, Exploration of the Company, is the Qualified Person as defined by National Instrument 43-101, and is responsible for the accuracy of the technical and scientific information within this news release.
CVG-Minerven president Luis Herrera et.al. accused of clandestine negotiations behind the backs of Miraflores Palace AND President Hugo Chavez Frias.

http://www.vheadline.com/readnews.asp?id=84033
Antwort auf Beitrag Nr.: 37.968.558 von XIO am 12.09.09 21:01:39Bin heute hier eingestiegen. Ich denke bei den steigenden Goldpreisen ist bei dieser Aktie eine Verdoppelung in kurzer Zeit drinnen. Offensichtlich ist aber diese Aktie den europäischen Anlegern noch nicht bekannt.

rittfra
Antwort auf Beitrag Nr.: 37.990.665 von Rittfra am 16.09.09 14:07:56
Scheinst einen guten Riecher gehabt zu haben:

Recent Trades - Last 10	

Time Ex Price Change Volume Buyer Seller Markers
09:54:11 V 0.485 +0.01 20,000 74 GMP 86 Pictet K
09:53:57 V 0.48 +0.005 10,000 74 GMP 46 Blackmont K
09:53:57 V 0.48 +0.005 20,000 74 GMP 86 Pictet K
09:53:57 V 0.48 +0.005 20,000 74 GMP 33 Canaccord K
09:53:57 V 0.48 +0.005 34,500 74 GMP 7 TD Sec K
09:53:06 V 0.48 +0.005 56,000 79 CIBC 7 TD Sec K
09:44:03 V 0.48 +0.005 3,000 19 Desjardins 7 TD Sec K
09:38:06 V 0.475 - 2,000 19 Desjardins 7 TD Sec K
09:38:06 V 0.475 - 2,000 74 GMP 7 TD Sec K
09:30:00 V 0.475 - 15,000 74 GMP 1 Anonymous K
For those of you who can't get to the link, here is what Raulston said today in response to a viewer question:

Q: What is holding the sp back on Rusoro Mining other than Venezuela, considering it had 48,000 oz of gold last quarter at low cost of production & tremendous short-term growth?

Raulston: Well absolutely. They've got a lot of internal growth potential. They're moving forward on their feasibility studies. They've got lot's of ounces in the ground. You know that last quarter they had $332, I believe it was, cash production cost. Tremendous performance for a gold producer.

You know you mentioned Venezuela. Absolutely. That's a major concern. There's alot of investors that just don't want to be involved in Venezuela. So it's a trade-off between a great gold project, a strong management group, upside growth potential, ounces in the ground and the political uncertainty of Venezuela.

Now if anyone can handle the Venezuela political situation its the Rusoro management team. I think there's alot of upside potential in the stock price. And ultimately I think it's going to get merged in or taken over by somebody and the value is going to be alot higher than where it is today.

Host: and is that a stock you own or a stock you have owned?

Raulston: I do own some now. Yes.

http://www.stockhouse.com/bullboards/MessageDetail.aspx?p=0&…
Rusoro sees feasibility study by mid-2010 on Venezuela mine expansion
http://vheadline.com/readnews.asp?id=84936

Mining Weekly (Liezel Hill): Rusoro Mining will finalize a feasibility study on expanding output at its Choco 10 mine in the first half of next year, and will then set about raising the $220 million or so that it needs to fund the project.

*

Choco 10, which Rusoro bought in 2007 from South African bullion miner Gold Fields, currently produces at about 150 000 oz/y of gold.

In April, the company completed a scoping study on a proposed expansion that would boost output to more than half a million ounces a year over a 10-year mine life. The feasibility study is on track for completion in the second quarter of 2010, Rusoro president George Salamis said in a recent interview at the company's Vancouver headquarters. "We really bought that mine not for what it produces today, but for what we think it can produce. So that preliminary study was a great green light to move forward."

In September the company also received a key permit for the Increible 6 deposit, located next to Choco 10 and which forms part of the expansion plans. Once the feasibility study for the expansion is finalised, the construction period is likely to last about two years. The capital cost for the project is estimated at about $220 million, and Rusoro is considering a range of options for sourcing the finance. "We're just starting to consider how we finance the expansion, and we are really considering all bets," Salamis said.

The firm will look at equity, debt and 'quasi' debt, but is aware that it project debt for a mine in Venezuela will likely be hard to come by. This means it will need to look at more non-traditional sources of funding -- some options include export credit agencies and Russian banks, as well as the binational investment bank set up this year by Russia and Venezuela to finance the joint development of resource projects. "So we are looking at all of the above ... and we have our own cash flow coming in too, obviously, but really, we have time to put that all together. We need to get the study done first," he added.

Elsewhere in Venezuela, Rusoro started a prefeasibility study this year on another project, San Rafael/El Placer, and expects to start test mining at the property by the end of this year. The company also has a 50-50 joint venture with the country's government on the Isidora gold mine and mill that it bought last year from US-based Hecla Mining. The joint venture is running well. "and the government is happy with what we are doing," Salamis said.

*

The firm has had a relatively smooth time in Venezuela, in part thanks to Russian chairperson Vladimir Agapov's relationship with President Hugo Chavez.

Chavez "recognizes the Agapov family as being one of the pioneers on the gold production side, because they did operate mines privately before Rusoro went public, and delivered on promises, and that's what President Chavez wants to see," Salamis said. Agapov, CEO Andre Agapov and Peter Hambro are all large shareholders in Rusoro.

Venezuela has said that Rusoro is its 'partner of choice' in the gold sector and that it wants to work with the company on other projects. "We view Isidora very much as the test case for that, and so far the joint venture relationship is working fairly well," Salamis said. "So yes, we'd love to cooperate on other projects ... but I can't be more specific at this time."

Because of its Venezuela postcode and given Chavez' nationalization of other sectors, Rusoro trades with a "cloud" of risk hanging over its valuation, he commented. Two other Toronto-listed companies, Crystallex International and Gold Reserve, have had key permits denied for their respective gold projects.

From Rusoro's perspective, Salamis said the best way for the company to convince investors is by showing consistent and improving production and cost performances. "But in addition it would also be nice to see the deadlock of the KM88 district -- where Crystallex' large Las Cristinas project is located -- resolved in some fashion to the benefit of everybody," he added. "And I think, together, those two elements will go a long way to lifting the cloud."

Last year, Rusoro launched a hostile takeover bid for Gold Reserve and its Brisas project, but Gold Reserve was able to block the offer by taking Rusoro and its financial advisor to court.

LONDON CALLING?

Salamis also confirmed that Rusoro has considered listing shares in London, but said the company has no immediate plans in that regard. The London investment community has a better acceptance of risk than is the case in North American markets, and a large number of the company's institutional shareholders are based in the city. "So we have looked at it on and off and are not planning anything in the immediate term.
neue beeindruckende Präsentation ist raus:
http://www.rusoro.com/i/pdf/CP2009.pdf

>>>Continue to build on strong “mixed enterprise” initiative with the Venezuelan government to put additional assets into play<<< ;)
Antwort auf Beitrag Nr.: 38.464.953 von to_siam am 26.11.09 23:07:54Transaction Date: Sep 17/09

auch schon `nen Moment her
Mandatory gold sales to Venezuela's Central Bank generates crisis for Rusoro Mining
http://vheadline.com/readnews.asp?id=86650


>>>Noticias 24 highlights an article by Erika Lopez Hidalgo in World Economy & Business which claims that a Venezuelan government decree mandating the sale at the official US$/Bs.F exchange rate of 60% of its production of gold to the Central Bank of Venezuela (BCV) has generated a crisis for Canada-based Rusoro Mining which has asked authorities to reduce the percentage to 25-30%.<<<
Antwort auf Beitrag Nr.: 38.511.953 von XIO am 04.12.09 17:44:56Mandatory gold sales to Venezuela's Central Bank generates crisis for Rusoro Mining

Hallo XIO,

Das war genau meine Befürchtung, siehe auch mein posting # 98 +99:

"Die politische Situation hemmt hier wohl den Kurs !?

Hier liegt der Hase wohl im Pfeffer:

the average realized gold price for the three months ended June 30, 2009, is
$681 and the discount to average spot gold price is 26 per cent.2.4) Average realized gold price is impacted by a discount to spot price of
gold as indicated in the Venezuelan Exchange Controls and Revenue and by
the timing of gold sales.

Das war immer meine Befürchtung, daß die nicht den vollen Ertrag erhalten. Da nützen dann auch die sensationell niedrigen "cash cost of production" nix mehr. Ein Abschlag von 26 % muß erst einmal verdient werden, ist ja eine glatte Gewinnhalbierung.

Dieser Abschlag ist wohl noch größer geworden, oder ?
Naja, egal, kein Investment für mich .

Gruß Looe
Antwort auf Beitrag Nr.: 38.514.177 von Looe am 04.12.09 23:59:36allerdings ist genau dieser Sachverhalt doch bereits seit langem bekannt und eingepreist und quasi das "einzige" Risikofür RML Investoren

meiner Meinung nach kann es mit grosser Wahrscheinlichkeit nur besser werden
Antwort auf Beitrag Nr.: 38.514.177 von Looe am 04.12.09 23:59:36PS:

bevor sich die Situation für RML verbessert, rechne ich mit Insiderkäufen durch korrupte staatsnahe Personen.
Antwort auf Beitrag Nr.: 38.514.621 von XIO am 05.12.09 10:39:42bevor sich die Situation für RML verbessert, rechne ich mit Insiderkäufen durch korrupte staatsnahe Personen.


Hallo Xio,


KLar, kann natürlich sein. Aber das sind Vermutungen. Wäre mir zu vage.
Die Situation kann sich grundsätzlich nur verbessern, wenn es den Russen gelingt, die Verträge nachzuverhandeln. Hier ist wohl mehr die Politik gefragt. Die Russen haben doch angeblich ein gutes Verhältnis zu dem Chaoten Chavez.
Antwort auf Beitrag Nr.: 38.516.253 von Looe am 05.12.09 23:40:20vergleiche die Situation mit Moto Goldmines gegen ende 2008 ;)
Antwort auf Beitrag Nr.: 38.516.253 von Looe am 05.12.09 23:40:20PS, es geht übrigens um ca. 50 Mio Uncen.. das stellt alles, auch MGL... in den Schatten
Antwort auf Beitrag Nr.: 38.516.358 von XIO am 06.12.09 01:57:06Hallo Xio,

sorry für die späte Antwort. Ich weiß das.
50 Mio. Unzen ist wirklich `ne Menge Holz. Vermutlich einzigartig auf der Welt. Das wäre das einzige Argument für mich, das zählen würde, sowie die niedrigen cash-Kosten der Produktion.
Muß mir die Sache nochmal überlegen. Nach unten scheint der Kurs ja ziemlich abgesichert zu sein.

Gruß Looe


Rusoro Mining to Benefit from Venezuelan Currency Devaluation

http://www.midasletter.com/news/10020301_Rusoro-Mining-to-Be…

Quote
No other gold company has production costs under $300/oz.
Antwort auf Beitrag Nr.: 38.939.260 von XIO am 13.02.10 11:33:30Hallo Xio,


alles schön und gut, aber die entscheidende Frage bei Rusoro ist doch diese hier (aus Deinem Link):

The questions for investors is – what is a fair a political discount for operating in Venezuela?

Langen da 50 % vom durchschnittlichen Marktwert der Konkurrenz ?
Der Chart sieht ja nicht gerade sehr erfreulich aus, ein Einstieg drängt sich nicht auf. Irgendwann aber sollte der Boden erreicht sein. Werde die Sache weiter beobachten. Hier kommt man noch früh genug zu spät. :D

Gruß Looe
Antwort auf Beitrag Nr.: 39.276.794 von XIO am 05.04.10 23:40:34Aus Deinem Link:


Venezuela würde explodieren Projekte südöstlichen Bundesstaat Bolivar mit russischen Verbündeten, darunter Kanada Rusoro russischen Firma.

Das müßte sich doch irgendwann mal positiv auf den Kurs auswirken.
Aber wann ? Ich befürchte, dieser Idiot Chavez redet alles kaputt in seinem Land.
Antwort auf Beitrag Nr.: 39.276.284 von Looe am 05.04.10 21:06:21Werde die Sache weiter beobachten. Hier kommt man noch früh genug zu spät.

nochmal 50 % Kursverlust seit Anfang April. So hab ich mir das vorgestellt.
Chavez's Gold Export Rules May Allow Rusoro to Quadruple Ore Output by `13
By Charlie Devereux - Aug 12, 2010 4:41 PM ET

Rusoro Mining Ltd., which mines for gold in Venezuela, expects to quadruple output of the metal by 2013 after President Hugo Chavez’s government relaxed export limits, Chief Executive Officer Andre Agapov said.

“Finally the miracle took place,” said Agapov in a telephone interview from London today. “It changes completely the financial aspects of operations.”

Venezuela will allow the largest mining companies and joint ventures with the government to ship as much as 50 percent of their gold output abroad, up from a previous cap of 30 percent. Current restrictions on smaller producers weren’t changed, the government said in the official gazette today, without specifying what constitutes a small producer.

Rusoro, based in Vancouver, will seek to expand annual production in Venezuela to 600,000 ounces by 2013 from 150,000 in 2009 following the change, Agapov said.

Venezuela has an official exchange rate of 2.6 bolivars per dollar for imports of essential medicines and food and a 4.3 rate for all other goods. Companies use a parallel exchange system, known as Sitme, to obtain dollars at 5.3 bolivars when they can’t get government authorization to buy U.S. currency at the official rates.

Rusoro reached an agreement with the Venezuelan government that will allow it to exchange up to $350,000 a month at 4.3 bolivars to the dollar, Agapov said.

To contact the reporter on this story: Charlie Devereux in Caracas at cdevereux3@bloomberg.net. http://www.bloomberg.com/news/2010-08-12/chavez-s-gold-expor…
Antwort auf Beitrag Nr.: 39.977.872 von XIO am 13.08.10 01:55:41Rusoro Mining Ltd., which mines for gold in Venezuela, expects to quadruple output of the metal by 2013 after President Hugo Chavez’s government relaxed export limits, Chief Executive Officer Andre Agapov said.


Hört sich ja nicht schlecht an. Irgendwann erreicht jede Aktie mal ihren Boden und alles Negative - auch eine Pfeife als President- ist abdiskontiert. Werde mal ein paar Euronetten riskieren.:D

Gruß Looe
Antwort auf Beitrag Nr.: 40.016.251 von Looe am 19.08.10 20:13:38Habe am letzten Freitag eine 2. Position à 10.000 St. für Limit = 0,14 über die Comm.Bank bekommen.
Das Limit war ca. 5 Tage im Markt.

Gruß Looe
Antwort auf Beitrag Nr.: 40.111.072 von Looe am 07.09.10 15:01:11ich bin neuerdings auf den Wert erst aufmerksam geworden. Schaue mal, ob ich mich auch noch positioniere. Aber wer kauft heute zu 0,175 €, wenn in CAN zu 0,20 CAD gehandelt wird? Kaufpanik :eek:
Antwort auf Beitrag Nr.: 40.112.288 von europameister am 07.09.10 17:22:59Aber wer kauft heute zu 0,175 €, wenn in CAN zu 0,20 CAD gehandelt wird? Kaufpanik

Habe in Canada auch noch mal nachgekauft, für 0,22 $

Gruß Looe
Antwort auf Beitrag Nr.: 40.130.888 von Looe am 10.09.10 10:18:26hmm, in der ganzen Woche kein weiterer Umsatz in D.
Da muss man wohl wirklich in CAN handeln
Antwort auf Beitrag Nr.: 40.212.903 von runn64 am 26.09.10 19:15:52sind parlamentwahlen,keine präsidenten-wahlen
Antwort auf Beitrag Nr.: 40.212.903 von runn64 am 26.09.10 19:15:52wahlen in Venezuela


schlimmer kann`s nicht werden, nur besser.:D
Antwort auf Beitrag Nr.: 40.251.755 von Looe am 01.10.10 21:25:03keine frage,besonnders wenn man sich den heutigen tag anschaut :cool:
(mehr sorgen wären angebracht wenn der "guter Cha" wackeln würde...)

habe da so ein starkes feeling daß wir den boden berets gesehen haben


großes lob hier an die wenigen geduldigen beteiligten,derren vorstellungskraft,
den wahren wert des ladens erahnen lässt.... :)
Antwort auf Beitrag Nr.: 40.251.985 von runn64 am 01.10.10 22:08:27derren vorstellungskraft,
den wahren wert des ladens erahnen lässt.


Schaun mer mal, wo wir - sagen wir mal 2012 - stehen, ich denke schon noch etwas höher.:D
Antwort auf Beitrag Nr.: 40.277.498 von Looe am 06.10.10 21:13:10denke, man kann bereits 2011 ins Auge fassen ;)
Antwort auf Beitrag Nr.: 40.292.342 von runn64 am 08.10.10 21:11:50Chavez nächste woche,donnerstag,in Moskau


Dort wird ihm "geholfen". :laugh:
Antwort auf Beitrag Nr.: 40.301.937 von Looe am 11.10.10 22:18:46wenn er dort paar faule eier abkriegen würde - hätten wie ein problem...:laugh: