Jetzt ist die Katze aus dem Sack.... - 500 Beiträge pro Seite

[Dottore Lupo]

Es ist schon erstaunlich,wie schnell es manchmal gehen kann.

Also Anglogold hatseine Freestatemines an Harmony für 230 Mio $ verkauft.

Bei Anglo sinkt die Produktion und gleichzeitig die Kosten. Toll!!!!

Also wird Newmont jetzt die Normandy schnappen....wie besprochen.

Harmony muss seinen Goldfieldsanteil an Goldfields verkaufen,mit ordentlichem Gewinn.

Anglo wird Anglogold noch einige ihrer Goldminen rüberschieben.

warum frisst Anglogold nicht Ashanti ganz??????????????

Fragen über Fragen!!!!!

Eine rege Diskussion wünsche ich mir,weil den Boarddeppen zu machen und den Leuten alles auf dem

Silbertablett zu liefern,ist mir meine Zeit zu schade,war eben 3 Stunden im Netz.

cu DL....der jetzt Weisswürste frühstückt

[ANGLO]

Hallo

D.L.

hier nachfolgend eine kleine Ergänzung, (aktuell) ANGlogold (auf ADR Basis) notiert zur Zeit in SA ca. 40 Cents schwächer bei 17.10 US$.
Die Schlacht um Normandy geht weiter!

Grüße

Anglo


AngloGold to add A$300 m sweetner to Normandy offer - paper


Posted: 11/21/2001 02:00:00 AM | © Miningweb 1997-2001


SYDNEY - AngloGold is set to add a A$300 million cash sweetener to its bid for Australia`s Normandy Mining and drop all conditions on its offer, the Australian reports on Wednesday.
Dow Jones reports the world`s biggest gold producer is believed to be considering a cash dividend of up to 15 cents a Normandy share - which at recent prices would push its bid above that of Newmont Mining Corp, the paper said.

Sources said the company recognised the need to add a cash component to its all-scrip offer.

The revised offer may come as soon as Monday, the paper said.

[Dottore Lupo]

So ,die Weisswürst waren gut,hätte sie aber mit Weissbier statt

Darjeeling abischwoawm suin!!!!!

Also: Anglo hat keine Chance mehr, weil Franco Nevada hat ja 20% an Normandy.

Und die bekommt Anglo nie!!!!

cu DL

[schloss]

Bist Du sicher DL??

Immerhin erzielt Franco-Nevada bei einer Normandy Übernahme durch Anglogold ca. 50% Gewinn für sein Normandy-Investment....

mfg
Schließer

[ANGLO]

Hallo

D.L.

Wenn die Weißwurst am Morgen schon nicht schmecken sollte,
wie dann der Tag?!
Also nachträglich guten Morgen.

Man(n) sollte niemals NIE sagen, bevor der Kuchen verteilt
wurde!

Anglogold will wahrscheinlich einen heute bzw.
morgen einen Kommentar abgeben!

Persönlich fahre ich eine doppel Strategie, ist sicher
kein Fehler!
Hier noch einen Beitrag von gestern Nacht!



Princeton, NJ -- In a live interview with Miningweb`s sister radio show, Classic Business, AngloGold [AU] chief executive Bobby Godsell said Normandy [NDY] shareholders have more to look forward to if AngloGold prevails over Newmont [NEM] in the bidding war for the Australian gold producer.
While the battle for control of Normandy is intense, it remains characterized by a weird Oxbridge urbanity, which the industry seems to cherish. Godsell said: "Frankly, I like a fight and markets thrive on choice. And now Normandy shareholders face the choice of two competing bids."

Godsell rates the offers as "even-stevens" but makes it clear that Normandy shareholders will be better off in AngloGold`s care. "It`s a question of value today and value tomorrow, and where the fortunes of Normandy can best be matched – with Anglogold or with Newmont."

Franco-Nevada [FN] co-chief executive Pierre Lassonde disputes any notion that the proposed Newmont combination has less to offer. "This is going to be the leading unhedged gold company in the world. At a gold price of $350 this company is going to have cash flow of $1.6 billion, or over $4 a share. Even at $275 an ounce this company is going to do very well with the royalty cushion against low prices and a balance sheet for high prices. There is far more upside than if you own AngloGold stock."

AngloGold contends that its stock has been unreasonably discounted up to now and Normandy shareholders can look forward to the regional disparities being erased and, therefore, a degree of gearing for the stock on top of what can be generated operationally.

Shareholder returns

Godsell turned up the heat by questioning Newmont`s rationale for doing the deal: "Newmont`s motivation is very strongly to become the biggest ounce producer, which we currently are. I will not lose one second of sleep if we`re number two or number three in the ounce league. I think the ounce league is yesterday`s story and it`s part of the problem with the gold industry. I mean, who cares how many units Ford produces? The question is the profitability of Ford and the wealth that Ford creates."

Lassonde denies that Newmont-Franco-Normandy would be anything but disciplined. "Newmont is not chasing production for the sake of it. Prices will dictate what happens with projects in the pipeline," he said. "We won`t be bringing more ounces to market for the sake of it."

On the strategy of making an appeal based on shareholder returns, Lassonde thinks AngloGold is on a hiding to nothing. "Just look at the rate of return on Franco – a thousand dollars invested in the Franco IPO 18 years ago is worth $550,000 today. That`s 38 per cent compound growth per year; better than Warren Buffett. That is what we add to the Newmont mix."

Independent merit

Nevertheless, Godsell is adamant that AngloGold`s offer has merit independent of clever engineering. "North American companies in general and Newmont in particular are very richly rated. We`re saying, with a competitive offer in value, that our assets are a better fit. Newmont doesn`t have a presence in Australia so on factual grounds we compete very well with Newmont.

"We`re trying to work out where we are competitive and where we can compete; and we may restructure. Nothing is ruled out. What we`re not going to do is overpay because at the end of the day it`s earnings, dividends and returns that really count," added Godsell.

Bid spread to widen

Franco-Nevada expects the gap between the bids to widen. "We`re in a marathon and we`ve run 100 yards. Once the arbs (hedge fund arbitrageurs) have played out, the value [of the NEM offer] will return to the pre-bid level and it is far superior," says Lassonde.

The confidence stems from the fact that a combined AngloGold-Normandy would be geared in excess of 40 per cent against Newmont-Normandy`s 18 per cent net debt to equity. The former gearing is not out of line by industry standards, but it suggests that AngloGold has far less flexibility going forward whereas Newmont can afford to gear up considerably.

Newmont shareholders might be concerned that the company is buying a stronger balance sheet at the wrong price. An equity placement could have reduced gearing without paying the premium that some analysts are laying on Franco-Nevada, although that is tempered by Franco`s proven ability to create wealth.

Legal compliance

Lassonde rejects Godsell`s suggestion that Newmont`s bid might contravene Australian regulations. Godsell says: "The Newmont deal is potentially challengable in terms of Australian takeover law because, to an extent, Franco-Nevada shareholders are being paid twice, and differently, for their Normandy stake than the rest of Normandy shareholders."

Lassonde disagrees: "This was reported in the Australian press that the Franco shareholders are getting a better offer for their Normandy shares. That is complete rubbish because it values our business at zero. They`re saying there is no business beside royalty and cash. The argument that the offer is a premium to cash is rubbish."

"We bring something very tangible to the table with our merchant banking skills. Franco-Nevada has delivered compound annual growth of 38 per cent over 18 years. That is part of the synergy and we will produce an additional multiple of the cost savings."

Legal strategies will play a key role in any eventual outcome. Likewise, there will be considerable jousting over tax benefits for shareholders, something Miningweb will cover in more detail later this week.

Overall, shareholders would be wise to recall the partisan bickering when Franco completed its swap-out with Normandy earlier this year. The Australians were adamant they were beaten with a stupid stick, while the North Americans decried the premium Normandy received. The truth was somewhere in the middle and it will be there again with this deal.

Post script

Godsell also scotched rumours that Anglo American [AAUK] was looking to vacate the gold business by selling or merging its subsidiary with Barrick [ABX]. "Tony [Traher, boss of Anglo American] made very clear the attitude of Anglo American PLC towards gold. In current circumstances they`re more likely to be buyers of gold shares than sellers. Secondly, they very strongly support our globalisation strategy. Thirdly, he indicated putting their Gold Fields interest into Anglogold. That hardly sounds like an exit strategy."

[Dottore Lupo]

Also,das Geschwafel des guten Bobby hatte ich schon goutiert.

Was soll er denn sonst sagen,das er schlechter ist???

cu DL

Am besten kommt Franco Nevada weg,wie auch immer!!!!

[ANGLO]

Hallo

nachfolgend der aktuelle Bid - Stand zwischen Anglogold
und NEM für Normandy.

Wünsche noch einen schönen Tag.

Grüße

Anglo

First created : 21 November 2001 0631 hrs (GMT) 1431 hrs (SST)
Last modified : 21 November 2001 0632 hrs (GMT) 1432 hrs (SST)
AngloGold raises takeover offer for Australian gold miner Normandy



In Australia, the takeover battle for gold miner Normandy Mining is heating up with AngloGold set to raise its offer for Normandy to top a rival bid by Newmont.



The Australian newspaper said that AngloGold will be adding cash of more than A$300 million, or US$156 million, to its previous offer.

The world`s largest gold miner will add a dividend of 15 Australian cents to its offer of 2.15 shares for every 100 shares in Normandy.

This will value the new bid at A$1.57 a share.

US-based Newmont`s offer for Normandy is valued at A$1.47.

On Wednesday, shares of Normandy Mining edged up 1 cent to A$1.56 with plenty of arbitrage activity fueling trading volume totaling 23.1 million.

[ANGLO]

Hallo

wünsche einen guten Morgen,

hatte gestern leider keine Zeit mehr,deshalb hier die Daten zum VK der Minen von Anglogold and Gold Fields:

Grüße

Anglo

AngloGold Announces Sale Of Free State Assets To Arm And Harmony

JOHANNESBURG, SOUTH AFRICA, Nov 21, 2001 (INTERNET WIRE via COMTEX) -- AngloGold (NYSE: AU) announced today that it would be selling its assets in the Free State province of South Africa to African Rainbow Minerals (ARM) and Harmony Gold Mining (Harmony) for R2.2 billion. This is subject to the transaction being recognized by the South African tax authorities as a rationalization scheme, in which case no recoupment tax will be payable by AngloGold on the proceeds of the sale.

ARM and Harmony will hold equal joint venture interests in the assets when the transaction takes effect on January 1, 2002.

The Free State assets comprise:


- four mines - Bambanani, Joel, Matjhabeng and Tshepong;
- all surface infrastructure and equipment including
metallurgical plants, commercial and residential properties,
and the Ernest Oppenheimer Hospital in Welkom;
- all shares in Jeannette Gold Mines owned either directly or
indirectly; and
- all minerals rights in the Welkom and southern Free State
goldfields.

The contracts of employment of all employees on these operations will be transferred to the new owners, unless another agreement has been reached between the parties.

The only assets that AngloGold will retain in the Free State are its Technical Development Services Division and those that form part of its wholly owned subsidiary, ISS International. AngloGold will also retain all of its mineral rights north of the Free State goldfields.

AngloGold Chairman and CEO Bobby Godsell commented: "It is our strategic objective to develop, acquire and operate long-life, low-cost, world-class gold mining assets and to close or to sell mines approaching the end of their profitable lives to operators who are better suited to extracting value from such assets. With the exception of Tshepong, the Free State mines fall into the latter category."

Putting the sale into perspective, he said that for the nine-month period ended 30 September 2001, the Free State operations had produced 17.3% of AngloGold`s worldwide production, but only 8.3% of its earnings before interest, tax, depreciation and amortization (EBITDA). The total cash costs of the Free State mines over this period were US$229 per ounce, compared with US$184 per ounce for all of AngloGold`s operations.

Taken over the first nine months of 2001, the sale would have the effect of lowering AngloGold`s total cash costs for the company`s remaining assets worldwide by 5% - from US$184 per ounce to US$175.

Mr Godsell pointed out that AngloGold had previously announced its intention to close Joel and Matjhabeng.

Bambanani mine was a mature asset with a medium-term remaining life. Tsephong, however, was a long-life, low-cost, world-class mine but it was inextricably linked to the Free State assets and could not be excluded from this transaction.

Turning to the ARM and Harmony joint venture, he said it met two important criteria, which AngloGold had set regarding the transaction: one was to encourage the consolidation of ownership and management in the region; the other was to promote black economic empowerment.

"We have long advocated further consolidation in the South African gold mining industry in the interests of ensuring optimal extraction of value from existing operations to the benefit of all. ARM and Harmony already own and operate assets in the Free State. The acquisition of AngloGold`s assets will result in ARM and Harmony becoming the principal operators in the Free State goldfields.

"The transaction will allow for meaningful participation of previously disadvantaged groupings in both the ownership and management of a substantial gold mining operation."

The ARM/Harmony joint venture will pay the R2.2 billion for the Free State assets in two cash installments: R1.8 billion on completion of the transaction and R400 million in three years` time. Management and economic benefits will pass to the JV from January 1, 2002 and interest will be payable on the R1.8 billion from that date until the transaction is complete.

Disclaimer for the historical information contained herein, there are matters discussed in this news release that are forward-looking statements. Such statements are only predictions and actual events or results may differ materially. For a discussion of important factors including, but not limited to, development of the Company`s business, the economic outlook in the gold mining industry, expectations regarding gold prices and production, and other factors, which could cause actual results to differ materially from such forward-looking statements, refer to the Company`s annual report on the Form 20-F for the year ended 31 December 2000 which was filed with the Securities and Exchange Commission on 23 April 2001.

Holders of Normandy shares and Normandy ADSs located in the United States are strongly advised to read the F4 registration statement regarding the offer referred to in this presentation and other documents to be filed with the US Securities and Exchange Commission when they become available, because they will contain important information. Holders of Normandy shares and Normandy ADSs may read and copy these statements, when available, at the US Securities and Exchange Commission`s public reference rooms. Please call the US Securities and Exchange Commission at +1-800-SEC-0330 for further information on the public reference rooms. These US Securities and Exchange Commission filings are also available to the public from commercial document retrieval services.



CONTACT: Charles Carter
AngloGold
212-750-7999

[ANGLO]

Hallo,

Lapsus unterlaufen, nicht Gold Fields sonder Harmony
mußte es lautén, hatte auf einem anderen Monitor gerade
GF auf dem Bildschirm.

Grüße

Anglo

[ANGLO]

Hallo,

eine Ergänzung zum aktuellen Stand der Dinge zur Normandy Übernahme!

Grüße

Anglo






AngloGold takes legal turn to stop Normandy statement



MELBOURNE

ANGLOGOLD Ltd has taken legal action to try to prevent Normandy Mining Ltd sending documents to its shareholders, which advise them to reject a $3.2 billion bid from the South African miner.

The Takeovers Panel today made an interim order restraining Normandy from despatching its target statement on the AngloGold offer, which has been trumped by a recommended, $3.8 billion bid from Newmont Mining Corp.

The order prevents Normandy from despatching the statement until 1700 AEDT on Monday after an application to the panel from AngloGold today.

Normandy last week advised shareholders to reject AngloGold`s "inadequate offer", which was below an independent valuation range for Normandy shares of between $1.48 to $1.88 per share.

"The Panel wishes to emphasise that it has made no determination of whether any further disclosure is required by Normandy," the Takeover Panel said.

"The Panel was unable to give detailed consideration to the contentions of AngloGold nor to give Normandy full opportunity to comment in the time available."

However, the Panel believes if AngloGold was able it substantiate its concerns, there may be further disclosure required and it might be appropriate to require that it go out with the current target`s statement.

The Panel said Normandy shareholders were unlikely to be harmed by a two-day delay in the dispatch of the target statement.

AngloGold has accused Normandy of possibly misleading shareholders about the Newmont offer, which has slipped in value since its launch.

Newmont is offering 3.85 of its shares for every 100 Normandy shares, plus a five cent per share sweetener if it wins acceptances from holders of 90 per cent of the stock.

At its launch a week ago, the Newmont offer was worth $1.70 per Normandy share but today it is worth $1.41 per share, due to the deterioration in its share price.

AngloGold`s offer, which was worth $1.42 at its launch in September, is worth $1.44 at current prices and exchange rates.

According to the Panel, AngloGold contends that Normandy should have quoted the value of the proposed Newmont takeover offer based on share prices at the date of the target statement.

AngloGold also wants Normandy to set out more clearly the uncertainties and risks which AngloGold contends to be associated with Newmont`s proposed offer and disclose the terms of Macquarie Bank advice referred to in the document.

A Normandy spokesman said the company would review the Panel decision.

"Clearly the interest of are shareholders are what`s most important," he said.

AngloGold could not be contacted for comment.




-AAP

[schloss]

und weiter geht`s...

glücklich, wer NDY-Aktionär ist


ANGLOGOLD ANNOUNCES SUPERIOR OFFER FOR NORMANDY

AngloGold today announced an increase in its takeover offer for
Normandy Mining, adding a cash payment of 20 Australian cents per
Normandy share to its original offer of 2.15 AngloGold shares per 100
Normandy shares.

AngloGold`s revised offer values Normandy at A$1.65 per share based
on AngloGold`s closing share price on 28 November 2001 on the New
York Stock Exchange (NYSE). Newmont`s offer is A$1.45 per share (with
a possible additional 5 cents per share, payable in the event of a
90% acceptance of the offer), based on Newmont`s closing share price
on the NYSE on the same date. Based on the weighted average share
prices of AngloGold and Newmont since the announcement of the Newmont
offer on 14 November 2001 and the relevant US$:A$ exchange rates over
this period. AngloGold`s revised offer is equivalent to A$1.66 per
share, compared with the Newmont offer of A$1.46 per Normandy share
(with a possible additional 5 cents per share, payable in the event
of a 90% acceptance of the offer).

OFFER IS FREE OF DEFEATING CONDITIONS

AngloGold has also declared its offer free of all defeating
conditions including the minimum acceptance condition.

The increase in the offer is subject only to the approval of
AngloGold shareholders in accordance with Johannesburg Securities
Exchange (JSE) requirements, which is expected to be received at a
shareholders` meeting on 19 December 2001. This granting of approval
is expected to be forthcoming, given that AngloGold`s 53%
shareholder, Anglo American plc, has provided an unqualified
commitment to vote in favour of the relevant resolution.

AngloGold will also accelerate the payment terms from 30 days to five
business days. For acceptances received by close of business on 17
December 2001 AngloGold intends to provide the relevant consideration
on 20 December 2001. For acceptances received after 17 December 2001
AngloGold intends to provide the relevant consideration within five
business days of receipt of acceptance. The closing date for the
revised AngloGold offer is 27 December 2001.

QUERIES:

In South Africa
Steve Lenahan
[phone] (tel)
[phone] (fax)
[phone] (mobile)
[e-mail]

Shelagh Blackman
[phone] (tel)
[phone] (fax)
[phone] (mobile)
[e-mail]

In Australia
Andrea Maxey
[phone] (tel)
[phone] (fax)
[phone] (mobile)
[e-mail]

Hamish Douglass
Deutsche Bank
[phone] (tel)
[phone] (fax)
[phone] (mobile)
[e-mail]

In Europe
Tomasz Nadrowski
[phone] (tel)
[phone] (fax)
[phone] (mobile)
[e-mail]

Alex Buck
[phone] (tel)
[phone] (fax)
[phone] (mobile)
[e-mail]

In the USA
Charles Carter
800 417 9255 toll free
[phone] (tel)
[phone] (fax)
[e-mail]

MORE TO FOLLOW
OFFER IS SUPERIOR TO NEWMONT`S PROPOSAL

AngloGold believes that its revised offer is far superior to
Newmont`s offer for the following reasons:

* Premium: Anglogold`s revised offer represents a 10% premium to the
Newmont offer based on the closing share prices of both companies on
the NYSE on 28 November 2001 and a 10% premium based on both
companies share prices in the period from the announcement of
Newmont`s offer on 14 November 2001 to 28 November 2001.

* Cash Consideration: AngloGold`s offer incorporates a significant
cash payment of 20 Australian cents per Normandy share. This compares
with Newmont`s cash payment of 5 Australian cents per Normandy share
which is conditional on receiving a 90% acceptance of its offer.

* Certainty: AngloGold`s offer is open, free from defeating
conditions and capable of immediate acceptance. This compares with
Newmont`s highly conditional and complex offer. Normandy shareholders
have certainty today with AngloGold`s offer.

* Accelerated Payment: Under AngloGold`s revised offer, payment will
be provided within five business days of receipt of acceptances, with
first payments commencing on 20 December 2001, compared with payment
only in late February 2002 under the Newmont offer.

* Fair and Reasonable: AngloGold`s revised offer is fair and
reasonable and within the range at which the independent expert`s
report in the Normandy response statement valued Normandy shares.

* Performance: AngloGold is financially superior to Newmont, as has
been demonstrated by its higher earnings and lower production costs.

* Dividend: AngloGold has a track record of a high dividend yield.
AngloGold`s final dividend for the year ended 31 December 2001 will
be declared early in 2002. Normandy shareholders who accept
AngloGold`s revised offer and are on the register on the record date,
will qualify to receive this dividend. Acceptance of Newmont`s offer
could result in a substantial reduction in dividends for Normandy
shareholders.

* Re-rating potential: AngloGold shares currently trade at
significantly lower multiples than North American companies of
similar size. AngloGold believes that there is significant upside
potential from a re-rating of its share price.

RATIONALE FOR THE INCREASED OFFER

AngloGold`s decision to increase its offer comes after a careful
review of its current offer in the light of the Normandy response
statement, including the detailed independent expert`s report
(incorporating a 116 page technical review by Australian Mining
Consultants) which values Normandy at A$1.48 to A$1.88 per share,
and information published by Normandy in its annual report for the
year ended 30 June 2001 and in its results for the September quarter
2001. These reports were published following the announcement of
AngloGold`s initial offer. Whilst AngloGold does not agree with all
the assumptions made, or the values derived, in the independent
expert`s report, the company considers that its increased offer is
fully supported by the underlying value of Normandy`s assets and the
synergies which will be realisable from a combination of the
management and assets of Normandy and AngloGold.

AngloGold has identified a number of sources of additional value:

* AngloGold has reassessed the after tax synergies which should be
able to be realised and has increased its estimate from US$25 million
per annum to US$40 million per annum. AngloGold`s revised estimate
includes the cost savings that are likely to be achieved from
increased scale in Australia through purchasing and procurement and
leveraging regional and global services between operations which are
in close proximity to AngloGold`s existing operations.

* Recent changes to South African tax legislation regarding
controlled foreign entities have enabled AngloGold to reduce its
effective tax rate in Australia.

* Normandy has recently announced extremely encouraging exploration
results from the Favona deposit at Martha Hill in New Zealand. The
Favona system is likely to lead to a significant underground mining
operation, which will extend the mine life of the Martha Hill
operations.

* Australian Mining Consultants has identified upside potential at
Normandy`s Tanami operations. In particular, Australian Mining
Consultants has identified significant underground potential at
Callie below the current cut-off depth for reserves and the
likelihood for further open-pit discoveries.

* Australian Mining Consultants has provided significant information
on Golden Grove and confirmed that the recent exploration results are
likely to extend the mine life significantly. The valuation of Golden
Grove is substantially more optimistic than AngloGold`s previous
assessment.

* Normandy has recently announced some encouraging exploration
results from the Martabe prospect in Indonesia.
Normandy continues to announce encouraging results from the
Yamfo-Sefwi/Ntotoroso area in Ghana and optimisation studies are
continuing. All government approvals to develop the project are in
place.

* Normandy has assumed responsibility for mining and gold recovery at
Midas. This step, combined with a new mining fleet and workforce,
should lead to improved maintenance practices and operating
efficiencies. This value was previously discounted until some
evidence of improvement could be shown. The 17% increase in gold
production recently announced for the September quarter has led
AngloGold to increase its valuation of Midas.

* The completion of the capital raising for Australian Magnesium
Corporation Limited (AMC) has significantly reduced the risk of this
investment. AngloGold had determined a downside potential exposure to
Normandy in relation to the indemnities and guarantees provided by
Normandy to AMC, which may have been triggered if the capital raising
for AMC had not proceeded. Following the completion of the capital
raising, AngloGold considers that the value of Normandy`s investment
in AMC is reflected by the current market value of Normandy`s
investment in AMC and the loans provided by Normandy to AMC.

......
(C) Homex Adelaide 29.11.01

mfg
Schliesser

[Sovereign]

Ah schön, so kann es gerne weitergehen!
Ich liebe Übernahmeschlachten! Erinnert sich noch jemand an die feindliche Übernahme von Santa Fe Pacific Gold durch Newmont? Ja, das war schön!
Ich persönlich glaube nicht, daß Newmont sich geschlagen gibt (die haben mit dem 19,9 % Anteil der Franco Nevada an Normandy einen Trumpf im Ärmel).
Next Stop for Normandy: 1,80 Aus-$...obwohl 2,- Aus-$ wären auch noch ein fairer Preis

Gruß

Sovereign

#11 von Sovereign 05.09.01 13:13:52 Beitrag Nr.:4.359.239 Posting versenden 4359239
Wer hat die "financial firepower" um ein Gegenangebot vorzulegen?
Barrick? Die haben zwar genug cash, aber mit der Homstake-Übernahme genug zu tun. Außerdem ist Barrick bereits stärker gehedgt
als AngloGold und hat daher lieber die ungehedgte Homestake als die gehedgte Normandy.
Ansonsten bleiben noch übrig: Newmont (Verschuldungsgrad ist bereits relativ hoch, eine Übernahme gegen Aktien aber möglich),
Placer Dome (hätten genug Mittel um den deal durchzuziehen), Vielleicht steigt auch Franco Nevada (halten bereits 19,9 % an
Normandy) selbst in den Ring gegen Anglogold.

Zweite Frage: Was passiert mit TVX (haben mit Normandy ein joint venture über diverse Minen in Nord- und Südamerika).

Gruß

Sovereign (der sich heute übrigens ein paar Normandys zur Seite gelegt hat)

[schloss]

Und hier die vorläufige Antwort von Normandy
(Hervorhebung von mir )

NORMANDY MINING LIMITED 2001-11-29 ASX-SIGNAL-G

HOMEX - Adelaide

+++++++++++++++++++++++++
Normandy Mining Limited ( "Normandy" ) acknowledges the announcement by
AngloGold Limited ( "AngloGold" ) today that AngloGold has increased
its offer for Normandy by $0.20 cash per Normandy share.

AngloGold`s revised offer of 2.15 AngloGold shares per 100 Normandy
shares plus $0.20 cash per share implies an offer price of $1.65 per
Normandy share (based on last night`s closing price of AngloGold`s
ADRs on the NYSE).

The increase in the offer is subject to the approval of AngloGold
shareholders in accordance with Johannesburg Securities Exchange
requirements. The closing date of the revised offer is 27 December
2001.

Response of the Normandy Board - DO NOTHING

The Normandy Board will meet as soon as possible to consider its
position. Shareholders should do nothing at the present time.

For further information, Please contact:

Peter Bird, EXECUTIVE GENERAL MANAGER - INVESTOR RELATIONS
Telephone: [phone] - Facsimile: [phone] - E-mail:
[e-mail]

Please refer to the Normandy web site: http://www.normandy.com.au for
further detail

mfg
Schließer