Avgold neu. - 500 Beiträge pro Seite

[GOLDONLY]

@Jef

Leider scheint Dein Beitrag `Was ist eigentlich mit Avgold`
nicht mehr zu funktionieren. Deshalb dieser Neubeginn.

Auffällig zum wiederholten Male:

Bei schwächlichem Goldpreis große Nachfrage bei AVGOLD
mit steigendem Kurs in Südafrika. (nicht München !!)

Abgesehen von einer möglichen Übernahme nehme ich das mal
als Indikator für einen demnächst steigenden Goldpreis.

GO

P.S.: Die anderen Minen verlieren wie fast immer mit dem
brökelndem Goldpreis.

Um Fragen vorzubeugen: Dummerweise habe ich alle meine Avgold zwar mit 50% Gewinn, aber viel zu früh, verkauft.

[fischli]

@GO,
wieso soll gerade Avgold als Indikator fuer einen steigenden Goldpreis stehen ?
Daher wohl eher Uebernahmegeruechte,die den Kurs treiben...
fischli

[gholzbauer]

Trackless breakthrough in mine`s development


One of South Africa`s newest gold-mines, Avgold`s Target mine, is leading the pack in the development of new, mechanised mining methods.
More than two kilometres beneath vast fields of ripening maize in the Free State, specialised mining machines supplied by Sandvik Tamrock daily grind out hundreds of tons of gold-bearing reef or development rock to bring mines Avgold`s aim to create one of the country`s most modern and efficient mines closer to fruition.

"Target is using the newest mining methods to access total resources of to access total resources of 6,93-million ounces of gold, and we are not using a hybrid of new and old mining methods," says Avgold chairperson Rick Menell.

"This is a pure, new mine and we are using the most advanced technology."

Sandvik Tamrock has 41 machines working in the mine, constituting over 90% of the trackless machinery used, including drill rigs, loaders support rigs, roofbolters, charging vehicles and shotcreting machines.

To ensure that the machinery operates at optimum performance, the company has established a maintenance team of 45 people, consisting of a contract manager, technicians, mechanics and assistants.

They are divided into teams and cover all maintenance and breakdowns on a 24-hour basis, seven days a week.

The firm has held a maintenance contract with the mine since development work was begun on the 203 level decline shaft in 1997.

There are five workshops underground for servicing and every machine is withdrawn for ten hours period each week for compulsory maintenance.

All machines are also stopped for one hour daily for routine checking.

Machine operators are employed by the mine, and most have been trained from scratch with the equipment supplier playing an important role in this exercise.

"We are paid in part for metres drilled, so it is important that our machines do not break down and that the people who operate them are well trained for the job.

"We have what is known as a performance maintenance contract where we align ourselves with the mine`s objectives and are paid according to the success of the operations, so performance is critical," says Sandvik Tamrock?s contract manager at the mine Ricus Terblanche.

Target, which is a R2,1-billion project, is on track to hit full production by March next year, of 350 000 oz of gold from milling 1,2-million tons of ore a year at a recovered grade of nearly ten grams a ton.

Cost of mining is forecast at below $150/oz over the mine`s 14-year life.

One of the challenges was to find the right kind of skilled workers and provide them with the training required to realise the production efficiencies needed from trackless mining.

Development work called for a six-kilometre-long decline shaft to be sunk from the existing Loraine No1 shaft to the area to be exploited, named the Eldorado Fan.

The next stage of the development plant – which was started in March 2001 – is to develop a ?destress? cut on the Dreyerskuil reef, a narrow gold-bearing reef lying above the main package of reefs which are to be removed by mechanised mining methods, such as open stoping, cut and fill and drift and fill.

"The fact that we are providing trackless machines for such a mining operation so far below ground and in hard rock conditions is unique.

"Two Solo 720-long-hole drill rigs and three Toro 1400 load haul dumpers have been assembled underground for the job," Terblanche says.

Underground operations manager at Target Nico Muller describes the service and maintenance contract with the equipment supplier as a high-level partnership that has generated respect and trust on both sides.

Sandvik Tamrock has contributed significantly to the success of Target over the last four years.

The company has provided a high level of technology and added value far beyond the supply of equipment.

"The alliance with Sandvik Tamrock as a strategic partner immediately expanded the knowledge base and access to the expertise of our mine.

"The company has made available to Target high-calibre staff which has played a major role not only in the supply and maintenance of an underground trackless fleet, but also in other areas such as mine design, layout and planning.

"I do not think it unusual to form such a partnership.

"It is a well recognised business strategy all over the world to gain competitive advantages through strategic alliances – why should we in the mining industry not pursue this avenue," asks Muller.

www.miningweekly.co.za

[jeffery2]

@Goldonly, danke für die Reanimation von meinem verhunzten Beitrag. War leider in der interessantesten Woche im Krankenhaus und konnte überhaupt nicht disponieren.
@gholzbauer sind ja gute Neuigkeiten für diesen vergessenen Wert. In München immer dünner Handel, darum ist das mit den nachkaufen so eine Sache.
Gruß J2

[GOLDONLY]

Südafrika.

Bei schwächlichem Goldpreis:

AVGOLD, DURBAN DEEP, GOLD FIELD fest ...

GO

[GOLDONLY]

Auch heute dieses merkwürdige Bild.

Avgold (in Südafrika) relativ fest. Die meisten Goldminen schwächeln.

Volume Bid Offer Volume
1 29,300 470 475 10,000
2 27,000 460 480 9,000
3 5,000 450 490 4,100

Also geht es demnächst weiter nach oben ?!

GO

[GOLDONLY]

Bisher hat AVGOLD als Indikator geradezu unglaublich als
Indikator gestimmt.

Aktuell:

Market depth (top 3 bids and offers)
Rank Bid volume Bid (c) Offer (c) Offer volume
Best 75400 470 485 9600
2nd 35000 460 495 29800
3rd 2000 461 500 85600


Also müßte der Goldpreis heute/diese Woche wieder
steigen ?! Oder alles nur Zufall ...

GO

Seufz .. : Schade, daß ich meine schönen AVGOLD so leichtfertig "verschenkt" habe !!

[XAU]

@GO

AVGOLD hättest Du mal nicht aus der Hand geben sollen.

XAU

[gholzbauer]

http://www.miningweekly.co.za/mw/breaking/?show=1359

Free State’s paradise drilling result next year

Results from exploration drilling at Avgold’s Paradise area, to the north of its Target mine, are expected within nine months.
Should it go into production, the company will seek a joint venture partner in the project, which is set to cost R1,9-billion.

It is believed that such a development would provide a far lower cost production facility with the main production shaft close to the reserves, rather than the long infrastructure pipeline being maintained at Target at present.

The indicated and inferred total resource of the Paradise area is 13,8-million ounces (from a previous calculation of 7,2-million ounces) at an average grade of 10,02 g/t (previously 7,37 g/t).

The main increase is in the Elsburg Reefs, which are within 2 500 m of surface.

These results suggest that the Eldorado Fan extends further north than previously anticipated.

An initial study has been completed on the Paradise area to assess the viability of increasing Target`s production from 350 000 oz of gold a year to 500 000 oz.

An important feature of this is that Target`s life-of-mine could extend from the current 13 years to more than 40 years.

Development of such a mine would involve sinking a production shaft just north of the current Target operations and progressively moving operation from the current infrastructure with its long five kilometre beltways going up the declines to Lorrain No 1, across to the production shaft in a staged way over a number of years, building up production.

The plan over the next 18 months is to continue surface drilling through two holes to prove the existence of the extension of the fan north of the current Target area.

Once those holes have advanced, adding value to those inferred and indicated resources, the company would then want to start a full feasibility study with a partner.

[jeffery2]

@Gholzbauer, dies würde einiges erklären. Z.B. auch, dass es Deutschland wieder Umsätze gibt. J2

[gholzbauer]

http://www.bday.co.za/bday/content/direct/1,3523,993327-6094…

Target mine hits its goal ahead of schedule

AVGOLD`s recently commissioned Target gold mine near Welkom in the Free State has reached full production two months ahead of schedule.

Avgold said yesterday the mine reached its full production rate of 17500 tons over five consecutive days early on Wednesday.

"At this rate of 3500 tons a day, the mine has achieved the full production level of 105000 tons a month, thus achieving its completion test. At this production level, Target will produce about 350000 ounces of gold a year.

"This achievement is within budget, and two months ahead of the anticipated schedule," the mine said. Avgold`s chairman, Rick Menell, said the commissioning of the mine`s new gold plant was going ahead and that he was sure the plant would see its first gold poured within the next few weeks.

He said Target was one of the most exciting deep-level gold mining projects in southern Africa in recent years, and the project ushered in a new era of mining in the Witwatersrand basin.

"This mine will operate within the lowest cost quartile of world underground gold producers at a cash cost of less than $150 an ounce of gold," he said.

Avgold also said yesterday that it had abandoned plans to sell its ETC gold mining complex at Barberton in Mpumalanga.

"Prospective buyers were invited to participate in a formal process and many offers were received .

"However, in view of a change in the mine`s value, following recent weakness of the rand against the dollar, the board has decided to discontinue the sale process and review future strategic management plans for ETC," the group said.


Dec 21 2001 06:56:36:000AM Ray Faure Business Day 1st Edition

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

ABER: Avgold hat viel vorwärts verkauft + sich in $ verschuldet (glaube ich); die miese Kursentwicklung hat ihre Gründe.

[gholzbauer]

http://www.busrep.co.za/html/busrep/br_frame_decider.php?cli…

Avgold around corner from cost breakthrough
Sherilee Bridge
January 24 2002 at 07:58AM
Johannesburg - Gold development and exploration company Avgold is just a month away from becoming one of the world`s lowest cost, deep-level underground gold producers when Target, its flagship mine in the Free State, becomes fully operational.

Avgold admitted yesterday that global and local gold majors had expressed an interest in Target, but said it was not in formal talks.

Rick Menell, the chairman of Avgold, said Target would usher in a new era of mining in the Witwatersrand basin.

"The rand`s depreciation against the dollar helped us reduce our forecast costs from $150 an ounce to $100 an ounce," Menell said.

Avgold did not rule out another R2 billion shaft to the north of Target but was likely to seek a partner to help fund it.

Avgold said its revenue decreased to R62.67 million for the December quarter from the R65.49 million for the quarter before - after results for the quarter to September had to be restated because of an unrealised foreign exchange loss of R7.3 million on Target`s borrowings.

The company had taken a R700 million, five-year loan to pay for Target. Less than R650 million of the loan is expected to be used.

Operating profit came in fractionally higher at R7.88 million, compared with the R6.46 million recorded the quarter before.

Earnings a share remained unchanged at 1c.

Doug Campbell, the financial director of Avgold, said the next quarter would show the benefits of the Avgold strategy. Low cost production would reflect on the income statement.

However, the weakness of the rand, while pushing down the costs of mining gold, could hurt Avgold in that it has 58 percent of its gold production hedged until June 2006.

"The hedge book, which was used to secure the capital it needed to complete Target, represents a potential opportunity loss of R1 billion and we are determined to manage this actively," Campbell said.

Avgold ended up 20c at R6.50.

[jeffery2]

@gholzb. dank für den Beitrag. Die gute Nachricht zuerst, die schlechte am Schluss. Trotzdem ist ja etwas Fantasie drin.
J2

[gholzbauer]

Für meinen Spezialfreund GO

http://www.miningweekly.co.za/?show=19654

SA gold group hits the mark with terrific Target

There can be little doubt that Avgold has scored a bull`s-eye with its new, fully-mechanised R2,3-billion (in 2002 rands) Target gold-mine, in the northern Free State, Mining Weekly Online can report.
The new mine is now producing 100 000 t a month of ore, having achieved full production ahead of schedule and under budget.

Target is unique in South Africa.

"The whole design of Target is very different to that of any other South African gold-mine," reports Anglovaal Mining (Avmin) vice-president for precious metals Gerhard Potgieter (Avmin holds 56% of Avgold.) "All the employees are skilled, with a minimum entry level of matric high school diploma and all communication is in English," he adds.

"The mine also has a very flat management structure, allowing decisions to be taken at a much lower level than before," he points out.

Thanks to mechanisation, the mine`s production is achieved with just 450 full-time employees.

"Developing Target was a bold decision – if our directors hadn`t done it, Avgold probably wouldn`t exist today," argues Potgieter.

The mine is located in a region known as the Bothaville Gap, directly north of the well-established Free State goldfields.

Given the north–south trend of the gold-bearing reef in the Free State, the Gap was subjected to exploration by a number of companies over many years.

They did not find the Target orebody, or similar deposits now believed to be in the area, because their exploration interests were too narrowly focused.

Throughout almost all of the Free State goldfields, it is the gold-bearing Basal Reef that was, and is, mined, so exploration in the Bothaville Gap was a hunt for the northern extension of that reef.

But when it was found – and it was not always located – it invariably proved to be too deep or too low-grade to be mined economically.

However, Avgold was fortunate – it owned the northernmost gold-mine in the Free State, Loraine (largely closed in 1998).

And at that mine`s most northerly shaft, Loraine No 1, the company was mining the Elsburg Reef, not the Basal.

And it was clear that the Elsburg Reef got thicker as it moved north.

"We realised that it was the Elsburg Reef we needed to pursue, and our geologists came to understand the nature of this reef – it was a series of alluvial fans all along the edge of the Witwatersrand Basin," reports Potgieter.

These fans mark the position of river estuaries which, millions of years ago, had emptied into a sea which aeons ago became dry land.

"The gold deposit points were found to be two to three kilometres apart," he elucidates.

Meanwhile, in a process that started in the early 1980s, and predated any idea of Target, Avgold had been acquiring mineral rights in the Bothaville Gap.

Undertaken over a long period, these rights now cover a large portion of the Gap.

"We did a huge amount of exploration before we realised what areas we should be looking at," he admits.

Growing knowledge of the nature of the Bothaville Gap led, in 1990, to the positioning and sinking of a borehole, designated ERO 1, some kilometres north of Loraine 1.

ERO 1 went through a belt of mineralisation 128,6 m thick and, over that entire thickness, was sampled at a grade of 6,4 g/t.

The farm on which ERO 1 was situated, and from which it drew its designation, was aptly named Eldorado – `the golden one`.

"These results were unprecedented in South Africa and caused great excitement in the company," enthuses Potgieter.

"We quickly realised that, within that package there were higher-grade zones that could be mined using mechanised methods," he recalls.

But excitement was followed by doubt.

How to mine such an orebody? The company decided to be conservative, and to carry out further exploration by driving tunnels north from Loraine 1.

In 1995 a decline system was started from that shaft to act as a drilling platform for further exploration.

In 1996, the decision was taken to increase the project to a 90 000-t-a-month mine.

"This was when Target was really born – the moment when an exploration project became a mining project," affirms Potgieter.

Information obtained later led to the project being upgraded to a 100 000-t-a-month mine.

To save time and money, infrastructure from Loraine was and is being used to support the mining at Target.

Loraine 1 shaft has been significantly upgraded and redesignated Target 1.

"All mining at Target for the next 12 years will be through this shaft," he explains.

Because Target 1 is six kilometres away from the working areas, innovative means had to be used to move men, material and ore back and forth, and ensure maximum productivity for the decline system.

These include personnel-riding conveyor belts, and a monorail system.

On the surface, Lorraine`s tailings dam will also serve Target, but it was decided to replace the existing metallurgical plant, which was already 50 years old, with a new one.

Of course, all this needed financing.

Back in 1995/6, Avgold`s flagship mine was Hartebeestfontein (`Harties`), which was still highly profitable but approaching the end of its life, and clearly needed to be replaced.

So the idea was to use the income from Harties to finance the development of Target.

But the unanticipated lower gold price during the late 1990s meant that Harties could not finance Target, and the daring decision was taken to sell Harties and to borrow from banks, using these funds to finish Target.

In all, R700-million was borrowed from a consortium of banks and, as part of the deal, Avgold had to hedge 58% of its gold production until June 2006, thereby reducing the risk for the lenders.

(This heavy hedging, coupled with Avgold`s illiquid share situation – just two shareholders, Avmin and Anglo American, own 68% of the company, and neither trades its stock – explains why Avgold`s share price did not react significantly to the recent increase in the gold price.) The risks have paid off – Target is now producing.

Mining is under way between 2 000 m and 2 500 m below ground.

To remove anxieties about large excavations – needed for large-scale mechanised mining – at those depths, a destressing cut was first driven over the mining area.

Stoping operations are carried out by two Tamrock Solo long-haul drilling rigs, a long-hole charger, and two Toro 1400 load-haul-dumper (LHD) machines.

Development work is done by Tamrock 206 Minimatics and loading by Toro 400 LHDs.

"The mining methods we use at Target are in common use across the world – the only difference is we do it at depth; likewise the machines are fairly standard, although to the latest specifications," says Potgieter.

What is not standard is the heat in which the machines and men operate, so the mine has a 28 MW refrigeration system, which keeps the temperature in the working places at 25 °C.

For the future, if a new shaft is sunk near the existing Target workings, and used for ventilation and the transportation of men and materials, meaning that only ore went via Target 1, then the mine`s production could be increased to 160 000 t a month.

The new metallurgical plant is of a modular design and could easily be extended to handle the increased production.

With Loraine infrastructure only, Target has an expected life of 12 years, but if it is linked to the Paradise area, this could be extended to 40 years.

Paradise, north of Target, is currently being explored by Avgold, which has drilled two boreholes there, designated ERO 5 and 6, and has a high probability of being a second Target.

And the Bothaville Gap is likely to reveal yet further Targets in the coming years.

But Avgold, as one of South Africa`s smaller gold-mining companies, will need a partner to develop these opportunities, a need that they have openly admitted to.

"We believe that, with Target, we have established two facts: firstly, that mechanised mining methods at depth are feasible, and secondly, that we understand the geology of the northern Free State goldfields," sums up Potgieter.

"These are of tremendous value when we talk to potential partners who are interested in the resources we believe we have, and are now busy delineating," he asserts.

At present, Avgold is not in serious discussions with anyone, although preliminary conversations have been held with many companies, locally and abroad, which have indicated an interest.

The company is waiting until it has confirmed its model of the Paradise area.

"Thanks to these developments we`ll have a stake in the long-term gold-mining future of South Africa," avers Potgieter.

Indeed, maybe Avgold and its future partners will be the long-term future of gold-mining in South Africa.

The new mine is now producing 100 000 t a month of ore, having achieved full production ahead of schedule and under budget.

Target is unique in South Africa.

"The whole design of Target is very different to that of any other South African gold-mine," reports Anglovaal Mining (Avmin) vice-president for precious metals Gerhard Potgieter (Avmin holds 56% of Avgold.) "All the employees are skilled, with a minimum entry level of matric high school diploma and all communication is in English," he adds.

"The mine also has a very flat management structure, allowing decisions to be taken at a much lower level than before," he points out.

Thanks to mechanisation, the mine`s production is achieved with just 450 full-time employees.

"Developing Target was a bold decision – if our directors hadn`t done it, Avgold probably wouldn`t exist today," argues Potgieter.

The mine is located in a region known as the Bothaville Gap, directly north of the well-established Free State goldfields.

Given the north–south trend of the gold-bearing reef in the Free State, the Gap was subjected to exploration by a number of companies over many years.

They did not find the Target orebody, or similar deposits now believed to be in the area, because their exploration interests were too narrowly focused.

Throughout almost all of the Free State goldfields, it is the gold-bearing Basal Reef that was, and is, mined, so exploration in the Bothaville Gap was a hunt for the northern extension of that reef.

But when it was found – and it was not always located – it invariably proved to be too deep or too low-grade to be mined economically.

However, Avgold was fortunate – it owned the northernmost gold-mine in the Free State, Loraine (largely closed in 1998).

And at that mine`s most northerly shaft, Loraine No 1, the company was mining the Elsburg Reef, not the Basal.

And it was clear that the Elsburg Reef got thicker as it moved north.

"We realised that it was the Elsburg Reef we needed to pursue, and our geologists came to understand the nature of this reef – it was a series of alluvial fans all along the edge of the Witwatersrand Basin," reports Potgieter.

These fans mark the position of river estuaries which, millions of years ago, had emptied into a sea which aeons ago became dry land.

"The gold deposit points were found to be two to three kilometres apart," he elucidates.

Meanwhile, in a process that started in the early 1980s, and predated any idea of Target, Avgold had been acquiring mineral rights in the Bothaville Gap.

Undertaken over a long period, these rights now cover a large portion of the Gap.

"We did a huge amount of exploration before we realised what areas we should be looking at," he admits.

Growing knowledge of the nature of the Bothaville Gap led, in 1990, to the positioning and sinking of a borehole, designated ERO 1, some kilometres north of Loraine 1.

ERO 1 went through a belt of mineralisation 128,6 m thick and, over that entire thickness, was sampled at a grade of 6,4 g/t.

The farm on which ERO 1 was situated, and from which it drew its designation, was aptly named Eldorado – `the golden one`.

"These results were unprecedented in South Africa and caused great excitement in the company," enthuses Potgieter.

"We quickly realised that, within that package there were higher-grade zones that could be mined using mechanised methods," he recalls.

But excitement was followed by doubt.

How to mine such an orebody? The company decided to be conservative, and to carry out further exploration by driving tunnels north from Loraine 1.

In 1995 a decline system was started from that shaft to act as a drilling platform for further exploration.

In 1996, the decision was taken to increase the project to a 90 000-t-a-month mine.

"This was when Target was really born – the moment when an exploration project became a mining project," affirms Potgieter.

Information obtained later led to the project being upgraded to a 100 000-t-a-month mine.

To save time and money, infrastructure from Loraine was and is being used to support the mining at Target.

Loraine 1 shaft has been significantly upgraded and redesignated Target 1.

"All mining at Target for the next 12 years will be through this shaft," he explains.

Because Target 1 is six kilometres away from the working areas, innovative means had to be used to move men, material and ore back and forth, and ensure maximum productivity for the decline system.

These include personnel-riding conveyor belts, and a monorail system.

On the surface, Lorraine`s tailings dam will also serve Target, but it was decided to replace the existing metallurgical plant, which was already 50 years old, with a new one.

Of course, all this needed financing.

Back in 1995/6, Avgold`s flagship mine was Hartebeestfontein (`Harties`), which was still highly profitable but approaching the end of its life, and clearly needed to be replaced.

So the idea was to use the income from Harties to finance the development of Target.

But the unanticipated lower gold price during the late 1990s meant that Harties could not finance Target, and the daring decision was taken to sell Harties and to borrow from banks, using these funds to finish Target.

In all, R700-million was borrowed from a consortium of banks and, as part of the deal, Avgold had to hedge 58% of its gold production until June 2006, thereby reducing the risk for the lenders.

(This heavy hedging, coupled with Avgold`s illiquid share situation – just two shareholders, Avmin and Anglo American, own 68% of the company, and neither trades its stock – explains why Avgold`s share price did not react significantly to the recent increase in the gold price.) The risks have paid off – Target is now producing.

Mining is under way between 2 000 m and 2 500 m below ground.

To remove anxieties about large excavations – needed for large-scale mechanised mining – at those depths, a destressing cut was first driven over the mining area.

Stoping operations are carried out by two Tamrock Solo long-haul drilling rigs, a long-hole charger, and two Toro 1400 load-haul-dumper (LHD) machines.

Development work is done by Tamrock 206 Minimatics and loading by Toro 400 LHDs.

"The mining methods we use at Target are in common use across the world – the only difference is we do it at depth; likewise the machines are fairly standard, although to the latest specifications," says Potgieter.

What is not standard is the heat in which the machines and men operate, so the mine has a 28 MW refrigeration system, which keeps the temperature in the working places at 25 °C.

For the future, if a new shaft is sunk near the existing Target workings, and used for ventilation and the transportation of men and materials, meaning that only ore went via Target 1, then the mine`s production could be increased to 160 000 t a month.

The new metallurgical plant is of a modular design and could easily be extended to handle the increased production.

With Loraine infrastructure only, Target has an expected life of 12 years, but if it is linked to the Paradise area, this could be extended to 40 years.

Paradise, north of Target, is currently being explored by Avgold, which has drilled two boreholes there, designated ERO 5 and 6, and has a high probability of being a second Target.

And the Bothaville Gap is likely to reveal yet further Targets in the coming years.

But Avgold, as one of South Africa`s smaller gold-mining companies, will need a partner to develop these opportunities, a need that they have openly admitted to.

"We believe that, with Target, we have established two facts: firstly, that mechanised mining methods at depth are feasible, and secondly, that we understand the geology of the northern Free State goldfields," sums up Potgieter.

"These are of tremendous value when we talk to potential partners who are interested in the resources we believe we have, and are now busy delineating," he asserts.

At present, Avgold is not in serious discussions with anyone, although preliminary conversations have been held with many companies, locally and abroad, which have indicated an interest.

The company is waiting until it has confirmed its model of the Paradise area.

"Thanks to these developments we`ll have a stake in the long-term gold-mining future of South Africa," avers Potgieter.

Indeed, maybe Avgold and its future partners will be the long-term future of gold-mining in South Africa.

Keith Campbell Mining Weekly contributing editor

[jeffery2]

Das wäre doch etwas für die ewigen Frager, was soll ich noch kaufen.
Keine undurchsichtige Rumpelbude und noch Übernahmefantasie.
Vielleicht haben wir bald ein bischen mehr Stimmung im Kurs.
J2

[Shunga]

Das Papier sehe ich ähnlich positiv
wie mein Vorredner.

Bei einem Rücksetzer im Goldpreis
ist es abgefedert.

Dafür geht es bei steigendem Goldpreis
zuerst etwas langsamer nach oben.

Ob man Afrika für zu riskant hält ist
eine andere Frage.

[gholzbauer]

http://www.bday.co.za/bday/content/direct/1,3523,1040855-609…

Avgold opens Free State deep-level gold mine

Resources Correspondent

AVGOLD has opened the first deeplevel gold mine in the heart of SA`s gold mining industry in more than 20 years.

The R2,1bn mine situated on the Witwatersrand Basin took nine years to build and will create 470 jobs in Free State, where 105000 gold-mining jobs have been cut in the past 10 years.

Minerals and Energy Minister Phumzile Mlambo-Ngcuka, who, with Rick Menell, the chairman of Avgold, unveiled a plaque to mark the occasion, said the Target mine presented not only a new source of employment in an impoverished area but was also introducing 21st century technology to the industry.

A high degree of mechanisation at the Target gold mine, which operates more than 2,5km underground, has allowed Avgold to establish a mining operation that has dramatically reduced the labour costs.

In other local mines, where more traditional mining methods are used, 50% to 60% of per-ounce- production costs are absorbed by labour costs. At Target these costs come in at 35% to 38% of total perounce-production costs. Menell said: "Target will operate within the lowest cost quartile of world gold production at a cash cost of 100/oz."

The gold reef at Target lends itself to what is called massive or cavern mining, with caverns of up to 40m high blasted out of the rock.

Ore is then taken out of the areas using remote-controlled trucks and transported 5km on a conveyor belt to the surface for processing at Target`s newly commissioned R200m metallurgical plant.

The mine will produce 350000 ounces of gold a year, and Avgold says that by May the mine should be bringing about 105000 tons of highgrade (nine grams a ton) ore to the surface each month.

Target GM Graham Butler said that as a result of the mining method there would be variations in grades and production as mining moved to new areas underground. These variances would be evened out over the course of the year, allowing the mine to meet its production targets, he said.

The only other SA gold mining operation which would use a similar mining method was the South Deep joint venture between Western Areas and Canada`s Placer Dome, which is scheduled to start production next year.

Target`s current reserves are expect to keep the mine in production until 2015, and Avgold says it has already identified other exploration areas to the north of Target.

Menell said that he hoped that the company would have started a feasibility study by the end of the year to build another R2bn mine, either alone or with a partner.

The exploration drilling is taking place in northern Free State in what is known as the "Paradise" area, which is immediately north of the Target mine.

"The drilling of the two boreholes ERO 5 and ERO 6 are ahead of schedule. Pending the outcome of this drilling, Avgold`s northern Free State gold complex could increase production to about 500000 ounces a year over a 40 year life," the company said.

If Avgold did decide to go ahead with the development of reserves in the Paradise area, it would be necessary to sink a new shaft to accommodate the project.

The new vertical shaft would be located between the northern half of what is called the Eldorado fan in the Paradise area and an area further to the north called Siberia, where mining exploration is also continuing.

The development of a new shaft would also require additional milling capacity, and Target`s metallurgical plant was constructed in a modular fashion to accommodate possible expansion.


Mar 11 2002 12:00:00:000AM Julie Bain Business Day 1st Edition

[Schieler]

Quelle NZZ
13. März 2002, 02:07

Neue Goldmine in Südafrika

Hightech-Anlage mit tiefen Kosten

rä. Johannesburg, 12. März

Zum ersten Mal seit 20 Jahren ist in Südafrika eine
neue Goldmine eröffnet worden. Das Unternehmen
Avgold gab dafür 2,1 Mrd. Rd. (310 Mio. Fr.) aus. Die
Target-Mine im Freistaat hat eine Tiefe von 2500 m
und wird jährlich bei einem Goldgehalt von 9 g pro
Tonne Gestein 350 000 Unzen produzieren. Der
Avgold-Vorsitzende, Rick Menell, bezeichnet Target
als eine Weltklassemine, die mit Kosten von 100 $
pro Unze arbeitet.

Anders als sonst in Südafrikas Gruben ist Target
hoch mechanisiert und beschäftigt nur 470 -
allerdings hoch qualifizierte - Bergleute. Dadurch
beträgt der Anteil der Löhne an den Gesamtkosten
statt 50% bis 60% nur 38%. Menell erklärte, dass
die Cash-Kosten der Förderung einer Unze bei
100 $ liegen werden, was der billigsten
Goldproduktion in Südafrika entspräche. Die
vergleichbare Mine Great Noligwa von AngloGold hat
Förderkosten von 105 $/Unze, alle anderen
arbeiten deutlich teurer. Die Abbauerwartung liegt
bei 13 Jahren, kann sich aber auf 40 Jahre erhöhen,
wenn die nördlich von Target liegenden Reserven
der ebenfalls Avgold gehörenden Gebiete Paradise
und Siberia mit abgebaut werden. Dafür muss
allerdings ein weiterer Schacht niedergebracht
werden, der etwa 3 Mrd. Rd. kostet, wofür Avgold
noch einen Partner in den USA und Kanada sucht.

Damit würde sich die jährliche Förderung auf
500 000 Unzen erhöhen. Anders als bei den
bisherigen kleinen Abbauflözen in Südafrika werden
in Target erstmals die Goldadern in sogenannten
Höhlen abgebaut. Diese werden mit 40 m Höhe und
Dutzenden Metern Tiefe gesprengt, dann über
ferngelenkte Frontlader geräumt und mit
Laufbändern statt den bisherigen Loren
abtransportiert. Später wird dann der Abraum, mit
Beton vermischt, wieder dort abgelagert, so dass
die Stabilität bei Sprengungen in der Nachbarschaft
nicht beeinträchtigt wird. Mit der vorhandenen
Technik kann dies an drei Stellen gleichzeitig
geschehen und bringt monatlich jeweils 400 kg
Gold. Sollte jedoch eine Anlage ausfallen, sinkt die
Produktion sofort beträchtlich.

[GOLDONLY05]

@Freunde

Tut mir einen großen Gefallen. Schreibt nicht so viel
über Avgold. Es tut so weh, daß ich meine Lieblingsaktie
nicht im Depot habe.

Trotzdem: AVGOLD muß man eigentlich haben.

GO

[gobu]

Wenn ich richtig informiert bin endet heute das Geschäftsjahr von Avgold. Wer weiss näheres hierzu, bzw. wo kann man sich die Zahlen oder Kommentare holen?

Im voraus besten Dank

[jeffery2]

@Go., hast Du sie denn nun endlich gekauft. Waren doch schön zurückgekommen. Leider haben die Dinger heute wieder angezogen.
Ran! .....................

[GOLDONLY04]

OK. Jetzt ist Schluß mit lustig und allem Gejammere.

Habe soeben 5.000 AVGOLD zu 7,50 EURO in München
geordert.

Meine Lieblingsaktie ...
Neben Durban und Western.



GO

[GOLDONLY04]

Guck mal einer an.
Da hat ja noch jemand 5.000 Stck gekauft.
Eigentlich ist 5.000 ja ein Bißchen mickerig.
Ich muß nochmal nachlegen.

GO

[Khampan]

@ GO
dann mal ran, sind ja auch schon für 7,35 € zu haben.
Was ich nicht verstehe, der Kurs in Jo`burg (720 Rand) entspricht 7,18 € bei den hiesigen ADRs, wenn ich richtig gerechnet habe.

Ist diese Relation normal?
Khampan

[GOLDONLY04]

@Khampan

Ein paar Prozente mehr oder weniger, darauf kommt es bei
Goldminen im Prinzip nicht an.
Kleinste Recheneinheit : 10 %

Ich liebe immer glatte Zahlen. 10.000, 100.000, 1.000.000
Ist einfacher zu rechnen.

Gruß

GO

[Khampan]

@ GO
verstanden. Das sehe ich im Prinzip auch so, muß allerdings noch etwas kleinere Brötchen backen.
Khampan

[GOLDONLY04]

Da staunt der Laie.

Goldminen heute (bisher) sauschwach. Auch in SAF.
Jedoch AVGOLD im Plus !! (Auch in SAF !!)

Eigentlich etwas schade, wo ich doch noch nachkaufen
wollte.

GO

[GOLDONLY04]

Shit !!

Heute morgen 5.000 AVGOLD Limit 7,50 EURO in München geordert. (Kurs gestern 7,1 zu 7,5 ...)

Und ... NICHTS !!
Ich frage mich, was für Scheißkurse manchmal bei den Goldminen gestellt werden.

GO

[jeffery2]

Also Du bist das mit 7,50 Geld in Mchn.
Viel Glück in Bln. 7,90 Brief, aber irgendwie mysteriös die Kurse bei Avgold.Der Makler schreibt wohl was er will. Ist eben der Nachteil wenn wenig Material umgeht.
Schon gesehen, ein Grossinvestor hat heut den Kurs von SPX nach oben gepeitscht. 10% auf 0,55 bei 247,5€ Umsatz
J2

[GOLDONLY04]

@J2

Mühsam nährt sich das Eichhörnchen.
Ich habe gestern 1.950 AVG erhalten.
Heute bisher wohl nichts.

AVGOLD, immerhin die Goldmine mit dem wohl bestem Goldfeld in SAF.

GO

[GOLDONLY04]

@Jef

Ich bin bei AVGOLD endlich wieder dabei !!
Heute habe ich mich erst einmal auf 10.000 AVGOLD
hochgeschraubt. Dank den edlen Spendern.

Es war schon immer gut etwas AVGOLD im Depot haben.

Gruß vom kontraproduktivem

GO

[manfred1_I]

An goldonly04

von Avgold, Durban, Western-Areas
bin ich auch absolut überzeugt.

Ich habe vor kurzem einige Jumbos eingeheimst
Schau dir das mal an.
IT-Wert erreicht die Gewinnzone.


Vielleicht nennst du dich demnächst goldonly + 1

[gholzbauer]

LOL

Manfred, so cool wie Du möchte ich sein ...

das meine ich ernst

[GOLDONLY04]

@Manfred

Alleine des Spasses wegen würde ich ja glatt `Jumbo`
kaufen, aber ich befürchte, daß die mit Gold und Silber
rein garnichts am Hut haben ?!

Wenn doch, nenn doch mal bitte Land, Kennnummer, Kurs etc.

Übrigens: Ich werde Dir morgen eine kleine Enttäuschung
bereiten müssen. Eine unserer gemeinsamen australischen
Aktien muß heute Nacht bei mir dran glauben. Nicht CMX.

Dottore weiß welche !!

AVGOLD

und Durban natürlich auch !!

GO

[GOLDONLY04]

Bin mal gespannt, wann hoffentlich von interessierter Seite
die Sau `AVGOLD` durch das Dorf getieben wird.

Zumindest bei der Lieblingssau `HARMONY` sollte ja wohl langsam die Luft raus sein !! Andererseits, Lemminge
lassen sich durch absurde Höchstkurse nicht abschrecken.

GO

[Arhaes]

Avgold die naechste Uebernahme ?????


MfG



Mining News
Mon, 15 Apr 2002, 10:33pm EST
Barrick May Buy South African Mines, Oliphant Says (Update2)
By Dudley White


Melbourne, April 15 (Bloomberg) -- Barrick Gold Corp., the world`s second-biggest gold producer, said it`s interested in buying mines in South Africa to increase output further after its $2.3 billion takeover of Homestake Mining Co.

The Toronto-based company may be interested in acquiring a stake in Avgold Ltd.`s Target mine or a gold project 50 miles southeast of Johannesburg owned by Southgold Exploration Ltd., analysts said. Barrick today said it has ruled out buying a stake in Western Areas Ltd.`s South Deep mine.

[manfred1_I]

An goldonly 04

Jumbo hat mit Gold nichts zu tuen. Aber von den
Riesengewinnen bei Durban z.B. investiert man
einige Tausend Euro bei Jumbo.
500.000 Stck. liegen noch bis 4 Acts. im Markt.

Dann dürfte hier der Weg nach Norden frei sein.

500.000 Jumbo dürften für ca. ab 10.000 Euro zu haben
sein.

Zu deinen Verkäufen, so nehma ich an, dass du
Metex verkauft hast, oder??

[fischli]

@goldonly04,
habe schon das Folgende in dem thread "Austr. Goldminen..." gepostet. Wuerde mich freuen ueber Stellungnahme Deinerseits:

"@goldonly04,
Du hast weiter unten Deine Vorliebe fuer Avgold geaeussert.
Habe mich daher auch versucht etwas mehr ueber diese Gesellschaft zu erfahren und moechte Dich Folgendes fragen:
- was solte mich dazu bewegen, Avgold zu kaufen
- bitte verbessere mich, aber es spricht nicht fuer einen Kauf:
a) shareholder struktur
b) hedges (at June 30 hedge book covered 58% of estimated gold production over next 5 years !)
c) im Wesentlichen liegt die Hoffnung auf der Target mine, die gerade erst eroeffnet wurde; ETC mine (operating cost in 2001 =US$217 / oz.) wird vielleicht verkauft
d) Dividende ????
e) Management: auf der homepage ist so wenig hierzu zu finden, dass ich glaube, die wollen gar nichts naeheres zu der Fuehrung der Fa. auessern.

Goldonly, ich wuerde mich freuen, wenn Du mir ein paar Punkte auzeigen kannst zu investieren.
Habe gerade erst wieder etwas "verfluessigt", das nach Investment giert.

Gruss
fischli

[fischli]

@v.a. goldonly04,manfred1, (and all others ....)
Wie es scheint unterstuetzen die gestern veroeffentlichen
Q-Zahlen zu Avgold meine Ansicht;
Euer Kommentar dazu wuerde mich interessieren.
Als Anreger zur derzeitigen Situation bei Avgold der weiter unten gepostete Artikel von Mininweb:
-------------------------------
Vorab:
Bitte versteht es richtig:
das ist keine Polemik oder Schadenfreude - aber aufgrund der Info, die ich bisher zusammentragen konnte macht es meiner Meinung nach keinen Sinn in Avgold zu investieren.
Das gleiche gilt aus unterschiedlichen Gruenden mE auch fuer Western Areas, ICJ und Placer Dome, die ich als SA Mine ansehe(da > 50% des gefoerderten Goldes aus SA kommt).
Aber nachdem GO`04 & Manfred ja gerade Avgold als zukunftstraechtiges Investment betrachten, moechte ich gerne Eure Gruende verstehen und sie bewerten.
-------------------------------

JOHANNESBURG – Avgold [JSE:AVG], the listed gold producing subsidiary of South African mining house Anglovaal Mining [JSE:AIN], enjoyed a thin 2.4 percent increase in average gold sales compared to the 20 percent improvement if could have received had the gold company been unhedged. In contrast, the depreciation of the rand and the improvement in the dollar gold price is likely to improve gross revenue for South Africa`s other gold producers by leaps and bounds when the balance report their March quarterly operating and financial figures. Durban Roodepoort Deep reports tomorrow (25 May), but it`s Gold Fields and Harmony Gold that will really show the benefits of being unhedged.
Avgold today reported an increase in revenue to R65 million compared to R63 million in the December quarter. This translated into R8.1 million headline earnings (December: R7.9 million) and unchanged share earnings of 1.2 cents. But the results could have been so much better had not 57 percent of the company`s gold been sold forward to June 2006.

The mark-to-market value of the hedge book was a negative R1.2 billion at a gold price of roughly $303 per ounce. At today`s price, testing about $305 per ounce, Avgold`s opportunity losses will have deepened. "The negative value of the book represents an opportunity loss which is continuing to be actively managed," the company said. Having to hedge production has taken the gloss off Avgold`s Target gold mine. That`s a bit hard on Avgold, since the company had no choice but to commit to hedging as a covenant to bank debt. Only months later the dollar gold price picked up its head. But who knew?

Unfortunately for Avgold, the depreciation of the rand has also forced the company to capitalise its dollar-denominated debt representing a portion of the five-year term financing arrangement for Target, Avgold`s Free State province gold project. Unrealised exchange losses added about R100 million to the total outstanding debt on Target of R702 million.

It`s because of these financing complications, and the fact that Avgold is not liquid, that some analysts have a sell on the stock. There are also cost problems at ETC, the company`s aged gold mine which could – and perhaps should – have been sold earlier this year. Avgold took ETC off the market because it couldn`t get the value amid the rising rand and dollar gold prices. Left in Avgold`s hands, the mine is to be further restructured with over 200 jobs already axed and some sections of the mine to be closed owing to plans to improve costs.

But not so fast. Avgold may be fully priced and have a number of value inhibitors, but there`s also change afoot in its parent company, Avmin, that could see the gold producer ultimately fully develop its northern Free State province assets; namely a prospect called Paradise. Anglo American, the UK-listed mining giant, recently bought a 34 percent stake in Avmin and announced last week plans to shift three of its directors on to Avmin`s board.

In Johannesburg, these steps have been broadly interpreted as a prelude to restructuring at Avmin which could eventually result in changes at Avgold. For example, Anglo American is likely to restructure Avmin`s iron ore assets which could leave it with a cash pile it may first use to pay down debt at the centre. In order of priority, it will then pay to expand its Nkomati nickel joint venture and then, presumably, move on to develop the Two Rivers platinum mine with Impala Platinum. There may well be cash left to help develop Paradise. Maybe.

At the moment, Avmin`s own financing constraints mean that development of other gold fields, such as Paradise, are impossible to finance unless a joint venture is established. In the hands of a stronger and more liquid company such as Anglo American or another, says Barrick Gold, which says it is considering investing in South Africa, these projects could be exploited sooner rather than later. That`s why some analysts have Avgold at a market perform and wouldn`t want to shed the stock ahead of possible corporate action.
SOURCE: Miningweb April 24, 2002



gruss fischli

[manfred1_I]

Ich habe den Artikel gestern bereits über kitco.com
gelesen.

Avgold macht Sinn, da diese auf riesigen Reverven
sitzt.Ebenso Western Areas.
Diese beiden Werte sind im Vergleich zu harmony
noch gar nicht richtig gekommen.

Beim Goldpreis dürfte es demnächst erst richtig
losgehen.
Die ganzen Marktkommentare könnten demnächst auch
dazu dienen, die Gesellschaften etwas schlechter
darzustellen.
Ihr wißt ja die Sache mit den Übernahmen.

Barrick, Anglogold stehen doch unter Zugzwang bei
jetzt steigenden Goldpreisen sich was einzuverleiben.

[Der_Glueckliche]

auf der Startseite von utrade.co.za gibt es heute einen Artikel über Avgold, profit up 2,5%, hedged until 2006...

[jeffery2]

Aber Hallo, jetzt scheint der Kurs aufzuwachen, nee falsch gesagt zu steigen. Die Umsätze in München waren doch teilweise munterer als bei GFI oder Harm. aber irgend ein Drecks..... hat ständig mit Brief dagegengehalten. Na vielleicht hat er jetzt die Taschen voll. Dann kanns ja losgehen.
J2

[hongk]

Hallo Jeffery,

also Kurs aufwachen => in der Tat, es tut sich was (endlich!), aber...
... Umsätze in München stärker als bei Goldfields oder Harmony????

Was siehst Du, was ich nicht sehe? In München sind doch gerade mal 750 Stück über die Theke gegangen.

Gruß Hongk

[GOLDONLY04]

AVGOLD ... S U P E R A K T I E

Die beste SAF-Goldmine !!

Ich überlege ernsthaft, ob ich meine 10.000 AVGOLD bei
einem Kurs von 20 EURO verkaufen soll.
Nee ... 30 EURO sollten möglich sein.

[Dr.Bernd]

Userinfo

allgemein
Username: GOLDONLY04
Registriert seit: 20.02.1989
User ist momentan: Im Urlaub
Threads: 602
Postings: 33976
Interessen: Kleinanleger und Lemminge ärgern

[jeffery2]

Nee, nee, @hongk, da habe ich mich missverständlich....
meine also, die Zahl der Trades. VT im Bayer.Fernsehen, Seite 533, natürlich wertmässig nicht zu vergleichen.
Ich sehe, glaube zu sehen, an der Zahl der Trades das Interesse an dem Papier, das manchen Tag nur einen Briefkurs hatte, oder 2 Umsätze.
Also schaun mer mal.
J2

[manfred1_I]

an goldonly 04

schaut meinen Kommentar etwas höher zu AVGOLD.

Diese werden ihren Weg gehen. bei 20 $ noch nicht
verkaufen. Das wäre falsch.

Aber hast du dich bei Macmin eingedeckt. Hier
geht die Party los.
Ich habe letzte Woche die ersten bekommen.
Werde mich aber bis vorläufig 10 Acts. weiter eindecken.


Im Goldbereich unbedingt auf: Emperor Mines und
Dominion Mining achten.
Emperor auch Materialknappheit in Australien.
Teilweise (obwohl bei 82 Acts. geschlossen) Handel
bis 90 Acts.

[hongk]

Hi Jeffery2,

Dein Blick in die Glaskugel scheint sich zu bewahrheiten.

Avgold erwacht aus dem Dornröschenschlaf. Ausbruch nach oben vollzogen.

Ebenso Western Aereas.

Würde mich freuen, wenn jetzt endlich diese Reihe der Goldaktien "gespielt" würde, also die, die auf den großen Reserven sitzen. Sitze jetzt schon soo lange drauf. Naja man wird eben ungeduldig in Zeiten so rasch steigender Kurse. Eigentlich sind es ja erst ein paar Monate.

Lihir müßte sich demnach also auch bald regen, wenn einmal die 0,95-0,98 überwunden sind. Schade, daß ich mir davon keine mehr geholt habe.

In diesem Sinne, warten wir`s ab. Es schaut ja gut aus.

Hongk

[jeffery2]

Da sieht man es mal wieder. Es roch irgendwie... und was mach, ich kaufe noch mal ECO nach. Nee nicht heute. Allerdings auch schon wieder im Plus, aber den Avgold traue ich, speziell nach der heutigen Auriongeschichte, noch etwas zu.
Da steckt sich einer die Taschen voll, habe ich eigentlich noch Kohle frei ?, aber alles in die Goldgrube, ick weeß nich ??????
J2

[GOLDONLY04]

SAF Goldminen heute in Deutschland und auch in Südafrika
bös in rot.

Große Ausnahme: AVGOLD ca. 2% plus in SAF.


Aber der Tag ist ja noch lange nicht zu Ende.
Und der Goldpreis etc. wird nun mal in den USA gemacht.

GO

[W.BAUER]

Was noch kaufen ??

Mit dem Zwischenspiel bei DURBAN/CDE hab ich zwar 50.000 DM
mitgenommen. Leider hab ich nun keine mehr ...

Also, die alte Liebe: 2.000 AVGOLD zu 7,20 € in München.
Einer muß ja den Anfang machen.

Wenn ich allerdings meinen AVGOLD-Bestand zu ansehe ...
Reichlich !!

Wilfred Bauer

[W.BAUER]

Shit, nur lächerliche 175 Aktien bekommen.

Bin mal gespannt, ob AVGOLD eines Tages auch von den
Lemmingen entdeckt wird, oder haben die bereits ihr ganzes
Geld in den dummen, weil viel zu teuren GFI und HAR
verpulvert ?

An dieser Stelle ein spezieller Gruß an Saccard.

W.BAUER

[jeffery2]

@Go, viel Glück uns beiden, .......Glück, das ist sicher KÖNNEN!!!!!!!!!
J2

[jeffery2]

@GO/oder xxx, was gehört von Avgold, heute endlich die 8 € erreicht. Hat jemand von Euch ne grössere Order ohne Limit auf den Markt geschmissen???
J2

[Tsuba]

Irgendwo habe ich in den letzten Wochen
über eine "Entflechtung" bei Western Areas gelesen.
Finde die Quelle aber nicht mehr.

Jetzt teilt mir die Bank mit, daß 12% Bonusaktien
von Western Areas ins Depot eingebucht wurden.
Das kann man ja noch begreifen.

Außerdem werden aber auch noch 2 Sorten unbekannte
JSE-Papiere eingebucht.

Grusse

[manfred1_I]

DAs mit den Bonusaktien kann ich bestätigen.

Western Areas ist eben eine feine Sache.

Grosses Zukunftspontential. Riesige Reserven.

[jeffery2]

Gibt es hier etwas zu meckern ?

Was meint Ihr ? J2

[Tsuba]

nein, es gibt nichts zu meckern.

Aber weil ich den Grund für den Anstieg
nicht kennne, habe ich vorige Woche einen Teil
verkauft und in Durban umgeschichtet.

Grüsse

[jeffery2]

Na @Tsuba, den will ich sehen, der uns Gründe für irgendetwas verrät. Stochern im Nebel ist doch ohnehin das ganze Kapitalanlageroulette.
Ich hoffe immer noch, dass es jemanden gibt, der die fetten Resourcen dieser Brüder gut gebrauchen kann. Ein Beschiss der Aktionäre muss trotzdem einkalkuliert werden. So nett wie bei Normady muss es ja nicht immer laufen.
Mich hat man mit Beatrix und Driefontein ganz schön lang gemacht, die können das die Kaffern. Die anderen natürlich auch.
J2

[jeffery2]

So sieht es aus, wenn ein junger Mann morgens aufwacht.
Guten Appetit.

[manfred1_I]

AVGOLD LTD. SHARES (SP. ADRS) ...
19.12.02
15:19:46 11,75
EUR 1,75
+17,50% 11,75
10,00 1.172
10,00 904823
BER
War doch nicht schlecht heute, oder??