DROOY !!!! Strong bullish 3 day chart pattern !!!! - 500 Beiträge pro Seite

[ThaiGuru]

Schaut Euch doch diese Goldaktie mal an!
http://www.stockconsultant.com/consultnow/basicplus.cgi?ID=s…

TG

[ThaiGuru]

Sorry

Der direkte Link auf http://www.stockconsultant.com für
DROOY ist nach sieben Zugriffen für 24 Std. blockiert.

Ich will Euch auch keine Membership andrehen.

Also scheute Euch die Chart Analyse über die Hauptseite von
http://www.stockconsultant.com an, und gebt selbst das Kürzel *DROOY* ein, danach sollte es funktionieren.

TG

[[KERN]Codex]

ist schon seit 1,2€ auf meiner
WL - bzw. noch tiefer - hab mich
aber irgendwie die ganze zeit
nicht getraut reinzugehen...

kein wunder das DUB so derbst anzieht -
bei dem goldpreis!

greetz codex

[ThaiGuru]

Gestern in USA bei fallendem Goldpreis! Plus 4.46% auf 1.64 US$

http://www.stockconsultant.com/consultnow/basicplus.cgi?ID=s…

TG

[ThaiGuru]

Hier noch die neuen super Ergebnisse und Zahlen von *DROOY* als *PDF* File

http://www.mips1.net/mggold.nsf/2090f74ba5297296422567b5004b…

TG

[ThaiGuru]

Das Interview mit *DROOY*

Dividenden sollen zukünftig in Gold ausbezahlt werden!!!




By: Bruce Whitfield


Posted: 2002/01/24 Thu 14:00 | © Miningweb 1997-2002


MININGWEB: Just over six months ago the gold mine Durban Roodepoort Deep was on the verge of shutting up shop, but results today show completely the opposite to be the case. David McKay from TheMiningweb.com joins us now. Quite a turnaround in fortunes, David?
DAVID McKAY: Yes indeed, in June the company said it might go bankrupt if labour went ahead with planned strikes that were looking at, at the time. The picture now is a lot different. Obviously, the labour situation has turned around. A settlement was reached with the workers. The share price has appreciated nicely. A stronger trend in the dollar gold price, and the rand depreciation has helped no end.

MININGWEB: The share price only up from R6 at the beginning of last year to around R19 at the moment. The analysts must like this company a whole lot more now?

DAVID McKAY: Might think it`s a bit expensive at these levels, but I think what the company`s come up with today are pretty strong results. The trend is promising, and that`s the most important thing and DRD is helping to turn the impression of the company around. And on that note, Mark Wellesley-Wood, DRD executive chairman and chief executive, joins us. Do you think you have silenced your critics a bit more today?

MARK WELLESLEY-WOOD: I hope that we can show them we can deliver results, yes, and that`s achieved a lot. But, as you say, new opportunities have arisen for the company, there have been a number of external factors that have assisted us, not only the rand depreciation, but also an improved gold scenario. So I think we`ve actually achieved a one-off improvement in our global position here.

DAVID McKAY: The results today were particularly informed by - what, would you say? Was it a rand story, was it the ability to sell down the hedge? What was the main driver?

MARK WELLESLEY-WOOD: Obviously the rand story is an immediate benefit. But I don`t think we should actually play down the improvements in the balance sheet, reducing the interest expense, the improvements on costs, which were down in absolute unit terms in rands. So we are making absolute improvements to our cost, not just windfall from the rand depreciation. And I think, particularly, we have been successful now in delivering increased gold production and delivering on our promises to go unhedged, which is now a philosophical policy in trying to cross Durban Deep, and every single cent that we make will go in improving that revenue line over the next six months.

DAVID McKAY: The hedge book is gold that is sold forward at a fixed price and it limits your ability to participate in the spot price of gold. Can you give us an update on how you`ve been able to sell down the hedge book, how much more there is to go, and what it`s going to cost the company to do that.

MARK WELLESLEY-WOOD: These hedges, I should say, were put on some time ago, primarily for the Harties acquisition in 1999. And yes, they are forward sales of gold. But the position was somewhat more complicated by the acquisition of gold at a higher price which had to be repaid, and those long positions were actually costing the company about R35m a quarter. So it`s rather like borrowing from the bank, it had to be repaid, and we have finished that repayment schedule. So that`s going to release more cash, and we are then investing our cash in buying back those low forward positions, which probably cost us about $17 per ounce off the gold price. So we are now one of the few producers that know that we can increase our revenue line over the next six months and, if you combine that with continued good cost performance and increased gold production, I think the earnings drivers look pretty strong.

DAVID McKAY: What is the opportunity cost in those forward sales at the moment? If you liquidated the position now, what would it cost the company?

MARK WELLESLEY-WOOD: We`re planning to pull these revenue hedges off by investing about $2m a month in addition to our normal delivery schedule over the next six months, and then that will have dealt with the situation.

DAVID McKAY: And the completion will be - some time June is the schedule you`re looking at?

MARK WELLESLEY-WOOD: Correct. It`s a very short book. I don`t want anybody to think that this is a great overhang. There`s only 575,000 ounces out there, that`s less than six months production. It`s not an insuperable problem, though.

DAVID McKAY: Your balance sheet looks a bit tidier as well, and there was talk that you are trying to put it into the kind of shape whereby you could raise significant loan finance at a later stage. That implies, from my perspective anyway, the possibility of an acquisition longer term. What`s the strategy with Durban Deep, going forward?

MARK WELLESLEY-WOOD: The immediate focus is actually on organic growth. Our improved competitive position, with costs now below $190 per ounce, means that we can access more of our resources into reserves and fill our plants with better-quality high grade underground ore. That will be the first driver. We will build on our existing business units both in Australasia and in South Africa with contiguous or enhancing transactions that will secure the base of the company going forward. Certainly Australia is still a country of interest. We have re-appraised a property that we have on that Bendigo Ballerack gold field and we are quite optimistic that we can deliver something there.

DAVID McKAY: In terms of more immediate shareholder value, obviously anyone buying the share has benefited hugely because of the depreciation. But what about dividend repayments? When do you plan to restart the div payment policy, and how are you going to pay them?

MARK WELLESLEY-WOOD: We are preparing for a dividend policy by June, by which time most of the hedge will have been pulled off, because that`s the first priority, and we are looking at alternatives, including paying dividends in gold to our shareholders, through this goldmoney.com secure internet payment system. That`s what we would really like for our shareholders, because we believe in the monetary value of gold, and so do they.

DAVID McKAY: And you, as a businessman, you`ve presided over the company for the last two years, you`ve helped it turn around. Do you feel, once the hedge book`s removed, and the company is on a steady footing, it`s time for you to bow out, or do you carry on?

MARK WELLESLEY-WOOD: That`s the sort of question my wife asks me every night, and I fail to answer her, so I don`t know if I could answer you, David.

DAVID McKAY: That`s Mark Wellesley-Wood, DRD executive chairman. Bruce, over to you.

MININGWEB: David, interesting one there - paying dividends in gold. It`s a fairly novel concept as far as South Africans are concerned, I would think?

DAVID McKAY: Yes, the shareholder base that DRD has got, though, is mostly US guys. They are very passionate about gold, some of them even prefer gold as a currency to the green back and that`s probably the reason that DRD is doing that.

MININGWEB: Any clarity today, David, on Anglo American`s investments in the Zambian copper belt?

DAVID McKAY: Yes indeed, it`s an amazing story. Anglo, to all intents and purposes, developed the Zambian copper belt in the 1950s and 1960s and was basically forced to pull out, because Zambia was undergoing its independence drive and what not, but came back into the sector a couple of years ago to great fanfare and said they would redevelop the area. The principal reason for redeveloping it was to access a new project called Konkola Deeps. Today the company has announced that it will not press ahead with that development and it will probably sell its existing assets within about a year`s time.

MININGWEB: Does it give any explanations as to why?

DAVID McKAY: They`ve taken a value-enhancing view on the copper belt, and it doesn`t enhance value to them. The cost of actually developing the assets there has increased from about $250m to $1bn. Converted into rands, it`s huge. But, most importantly, and this is something that Miningweb is going to be looking at later today, Anglo will take its own $350m write-down against its 2001 income. People weren`t expecting that, it`s going to hurt them in an already difficult year.

MININGWEB: And what does this tell us about Anglo`s shareholders? Are Anglo shareholders looking at Africa, perhaps, and saying, look, don`t mess about in Africa - there are more international shareholders than Anglo perhaps had in the past.

DAVID McKAY: I do wonder about that and I think the company register is largely now UK- and US-populated, and they will be comparing Anglo against its peer group, Billiton and Rio, which have much less exposure to Africa, and I do wonder if that actually informs this decision.

MININGWEB: David McKay of TheMiningweb.com and, before him, Mark Wellesley-Wood, the chairman and chief executive of gold miner Durban Roodepoort Deep.

[ThaiGuru]

DROOY heute in USA plus 7.65%, mit 1.83 US$ geschlossen!
TG

[ThaiGuru]

@alle

Durban Roodeport *DROOY* hat die 2.- US Dollar Preislinie
gestern ganz locker durchbrochen, bei weiter ansteigenden Umsätzen von 3540000 Aktien. Schliesst auf 2.01 US$

Am 10. Januar 2002, bei Erüffnung dieses Threades stand *DROOY* noch bei 1.54 US Dollar. Jetzt auf 2.01$. Das sind plus 30.52% in 3 Wochen.



Nächstes Zwischen-Ziel auf dem Weg nach ganz oben, 3.06 US $, oder plus 52.2%. Vielleicht schon in 3 Wochen?

Ein sehr zuversichtlicher

ThaiGuru

[ThaiGuru]

Habe gerade bemerkt, dass der Chart, von Yahoo, bei *DROOY* noch nicht den Kurs vom 1. Feb. 2002, wiedergibt, sondern den vom 31. Jan. 2002.

Die sind wohl vom Anstieg der *DROOY* noch etwas perplex?

Sorry

TG

[[KERN]Codex]

und up!

[Blecheuro]

Hallo Thai Guru!

Ich glaube, morgen kann ich Caly kaufen. Was meinst Du, wo ich das Limit hinlegen soll?

Gruß

Silbermann

Übrigens ich glaube, Silber wird nach wie vor bewußt nach unten gedrückt. Aber an den Minenumsätzen sieht man, daß Insider sich endgültig eindecken. Ich gehe davon aus, daß Silber sehr bald explodiert, Was meinst Du?

[ThaiGuru]

@Blecheuro

Silber kommt mit Sicherheit noch viel stärker als Gold, sobald die Masse der Anleger weiss, dass die Vorräte aufgebraucht sind.

Hab noch etwas Geduld!

Falls es von interessierter Seite, gegen alle Wahrscheinlichkeiten fertiggebracht wird den Preis von Silber nochmals durch Shortverkäufe zu drücken.

Physisches Silber zukaufen, auch wenn für die physische Auslieferung hohe Gebühren berechnet werden, und z.Bsp. in der Schweiz und in Deutschland noch Mehrwersteuer dazukommt.
Bei 1000 Unzen Barren, sind die Auslieferungsbebühren jedoch noch einigermassen erträglich. Bei Kilobarren sind sie leider unverschämt hoch.

Caly:

Heute über 800000 Stücke gehandelt
Durschnitt:260000 Stücke

Range heute: 0.18-0.22 US$, Preis: 3:58 Uhr = 0.21 US Dollar

Wenn Caly den Turnaround schaft, spielt es eine untergeordnete Rolle zu welchem Preis Du kaufst.
Wenn Caly es wegen den bestehenden Cashflow Problemen
es nicht schaft, wird Caly vermutlich übernommen werden.
Das Problem der Firma Caly besteht darin, dass die sich auf Grund der massiv steigenden Auftragseingänge, zur Zeit immer noch mit der Finanzierung der Neuen Produktionen herumschlagen müssen.

Bin aber sehr zuversichtlich, dass Caly es schaffen wird!
Garantie darauf, kann ich Dir aber nicht geben.

[ThaiGuru]

DROOY heute unglaubliche Plus 37,31%!!!!!!!!!!!!!! Auf jetzt 2.76 US$

Glaube wir müssen vielleicht gar nicht mehr 3 Wochen auf das in meinem Posting #8 genannte Zwischenziel von 3.06 US$ warten, wenn es in diesem Tempo weiter aufwärts geht.

TG

[spekulativ]

@Codex
bist auch drin ?

Gruß spekulativ

[Antoinette]

Kurs in Südafrika heute schon gesehen????
Das hat mit dem Goldpreis nichts mehr zu tun!!! Da steckt wesentlich mehr dahinter! Übernahme oder was ähnliches!

Gruss Antoinette

[[KERN]Codex]

hey spekulativ!

jo kleine position - überlege gerade nachzukaufen

war gestern auch in KNM

und heute in Sun Micro

drinn...


gruß codex

[wilschmi]

Wo kann ich den Kurs Johannesburg/Südafrika abrufen.
Ein Vermögensverwalter, von dem ich mich vor einiger
Zeit getrennt habe, hatte mir Durban-Originalaktien
gekauft. Ich habe mich seit zwei Jahren nicht mehr groß
darum gekümmert, da diese zwischenzeitlich erheblich gefallen waren.
Vielen Dank.

[ANGLO]

Hallo

und einen guten Nachmittag!

Drooy - Durban Deep KONSOLIDIERT!

Kurs ADR in NY 2,63$

MEZ 17.27Uhr


Andere "Informationen" sind
nicht zutreffend!

Grüße Anglo

[excalibure]

Konsolidiert Drooy oder ist das der Beginn einer Konsolidierungsphase, nachdem die Aktie bereits stark gekommen ist?

[ThaiGuru]

@excalibure

Konsolidation!

*DROOY* wird Dir nächstens noch viel mehr Freude machen.

Noch besser aber wäre es gewesen Du hättest die Drooy anfang Januar, oder noch früher gekauft, als Drooy zum halben Preis, oder noch weniger zu haben war.

*Drooy* wird aber, denke ich, die 10 US$ noch dieses Jahr wiedersehen.


Etwas Geduld ist angesagt!


Gruss

ThaiGuru

[ThaiGuru]

@wilschmi

Muss mich bei Dir entschuldigen, habe Deine Frage zu Durban Roodeport, glatt übersehen.

*DROOY* wird in Südafrika unter dem Kürzel *DUR* gehandelt!
Kurse mit 30 Minuten verzögerung erhälst Du gratis auf der Homepage von:
http://www.jse.co.za/

Eine Anmeldung ist erforderlich, ist aber kostenlos!

Liste von Brokern in Durban, Südafrika
http://www.jse.co.za/members/brokers/durban.html

*DUR* hat in Südafrika am Freitag auf Tageshöchst geschlossen!

HIGH LOW LAST SALE VOLUME
3250 3050 3250 534890

Hoffe gedient zu haben.

ThaiGuru

[wilschmi]

Vielen Dank!

[ThaiGuru]

Die Aussichten sehen sehr vielversprechen aus!

http://quotes.barchart.com/texpert.asp?sym=drooy

Gruss

ThaiGuru

[Basic]

Hallo,
gegen TVX und Ashanti kann Durban aber nicht anstinken
Gruß Basic

[SilberSchatz]

Hab mal einen interessanten Link (zum kopieren):
Realtimekurse :
http://newgritch.isld.com/SERVICE/QUOTE?STOCK=DROOY
MFG SilberSchatz

[talvi]

So geht es leichter.

http://newgritch.isld.com/SERVICE/QUOTE?STOCK=DROOY

Grüße Talvi

[ThaiGuru]

Drooy hat heute die 3.50 US Dollar pro Aktie locker überschritten!!!!

Damit hat *DROOY* seit Eröffnung dieses Threades am 10. Januar 2002 bereits um 127% zugelegt!! Von 1.54 US$ auf 3.50 US$

Naechstes Zwischenziel auf dem Weg nach oben, ist 5.- US Dollar.

Der Goldpreis hat heute mit 303.- US Dollar in den USA geschlossen!

@Basic

Du hast am 24. Feb. 2002 im Deinem Posting #24 behauptet, Zitat:

Hallo,
gegen TVX und Ashanti kann Durban aber nicht anstinken
Gruß Basic

Drooy hat Deine Favoriten locker abgestunken, um Deine Worte zu verwenden!

Hier der Link zum Nachprüfen!

http://finance.yahoo.com/q?s=drooy%2Btvx%2Basl&d=t






Gruss

ThaiGuru

[Basic]

Hallo ThaiGuru,
die Aussage bezog sich nur auf das Analysetool. Da ich Durban schon seit 1,25 € mit mir rumschleppe und das auch noch meine größte Position ist bin ich nicht so ganz traurige, wenn diese Tools mal versagen
Durban macht uns nur vor vas TVX und Hecla nachmachen werden.

Ein guter Boxenstop für einen Kurzurlaub in Berlin.
Mal die neue Mauer ansehen (Kanzleramt) und Gold mal Gold sein lassen.

Gruß Basic

[exundhop]

Was ist bei Durban los?

Als der Goldpreis das letzte mal bei 305$ war lief Durban bis 3,40 €. Jetzt sind wir schon über 4 € gelaufen und die Nachfrage hält immer noch an.

Ein heißes Spiel, Nachlegen?

Tip für alle, die physisches Gold kaufen möchten, geht nicht zur Bank sondern versucht es mal im Pfandleihhaus. Habe dort Krügerrand zu 335,50 € bekommen(inkl. der 10% Versteigerungsgebühr). Habe mich auch gefragt, welcher Depp seine Krügerrand im Pfandleihhaus zu Geld macht anstatt sie zur Bank zu bringen (hätte dort mehr dafür bekommen).

Gruß ex

[ThaiGuru]

@exundhop

Vor einem Jahr noch wollte Drooy bei 0.75 US Dollar niemand kaufen, weil die Firma wegen der Goldtiefstpreise vom Konkurs bedroht war!

Jetzt ist die Firma aber wegen einem steigendem Goldpreis, und der Rand Entwertung, von Gewinnen bedroht!

Zudem droht im Juni, die Ankündigung einer Dividende!

Der Goldpreis droht sich aus der "Umklammerung des Gold Cabals zu befreien" und weiter nach OBEN zu steigen!

Du hast aber völlig recht, es ist ein Risiko jetzt *DROOY* zuzukaufen!!!!

Doch ohne Risiko kein Preis, oder die letzten beissen die Hunde, könnte mann sagen.

Bei einer allfälligen erneuten Manipulation des Goldpreises nach unten, würde die Drooy Aktie sofort ebenfalls reagieren, und nach unten korrigieren. Doch glaube ich persönlich nicht mehr daran. Ein Preisrückgang wäre meiner Meinung nach eh nur von Kurzer Dauer. Als Langzeitanlage, min. 1 Jahr, wenn mann von steigenden Goldpreisen ausgeht, ist Drooy immer noch eine lohnende Investition. Das sehen ja auch anscheinend die vielen neuen Anleger so, die laufend neu einsteigen, und dadurch den Preisen zum Anstieg verhelfen.

Vor ca. 20 Jahren, bei einem Goldpreis von ca. 800.-$, pro Unze Gold, kostete eine DROOY Aktie ca. 50.- US Dollar, auch damals wurde noch stark zugekauft! Bei 53.- $ war dann Schluss, und die Richtung des Preises drehte nach Süden, bis zum Tiefstpreis von ca. 63 US Cents.

Wenn ich den Langzeitchart von Drooy anschause, erscheint es mir persönlich, als ob der Weg nach OBEN erst gerade begonnen hätte!


Gruss

ThaiGuru

[ThaiGuru]

JOHANNESBURG - Durban Roodepoort Deep [NASDAQROOY], the South African gold producer, is expected to unveil terms of a loan aimed at closing out the remainder of its hedge book, currently estimated at just under 400 000 ounces. This is in terms of a promise to shareholders last year that the company would be completely unhedged by 30 June, Durban Roodepoort Deep`s (DRD`s) financial year-end.

Financial director, Ian Murray, declined to provide details of the loan but confirmed the company was in discussions with bankers. The company is raising the money because cash flow from operations and R170 million raised for the sale of part of its dump recovery company, Crown Recoveries, announced in February, are insufficient to close out the hedge book by June. "We promised we would be unhedged by our year-end and that is where we will be," said Murray...

[ThaiGuru]

http://www.forbes.com/2002/04/04/0404chartroom.html?partner=…

Mining For Profits

Ben Berentson, 04.04.02, 12:00 PM ET

NEW YORK -

Gold is hot. It`s up around 30% for the year, in contrast to the S&P 500, which is down 3.1% on the year. According to Pamela and Mary Anne Aden, who produce the Aden Forecast out of Costa Rica, reasons for this surge include the instability in the Middle East, the appearance of budget deficits, a weaker dollar and anticipation of future inflation.

Of the gold stocks they follow, the Adens see a lot of potential in Durban Roodepoort Deep (nasdaq: DROOY - news - people ), a South African gold company that is the 13th-largest producer of gold in the world. It has operations in both South Africa and in Paupua New Guinea. It is currently trading at around $3.30.

"Durban has been one of the best-performing gold stocks," says Mary Anne Aden. "It`s up more than 135% for the year and has shown great relative strength against both the Gold/Silver Index (XAU) and against the major gold stocks like Harmony Gold Mining (nasdaq: HGMCY - news - people ) and Newmont Mining (nyse: NEM - news - people )." The stock is trading well above both its 200-day (blue line) and 50-day (green line) moving averages. "It`s been so strong that it might dip a bit." With the price of gold heading up and toward $325 per ounce from its current $303 per ounce, the sisters think Durban could easily rise to a price of over $5 per share.

[ThaiGuru]

Drooy steht jetzt zur Zeit bei 4.25 US Dollar!

Nächstes Zwischenziel nach ganz oben ist 5.- US Dollar!

Nach der Veröffentlichung der 1. Quartals Zahlen 2002 von Drooy, werden wir diese Hürde wohl auch überspringen.

Gruss

ThaiGuru

[ThaiGuru]

Wenn ein potenzieller Neueinsteiger bei Drooy noch Fragen zu den Aussichten von Drooy haben sollte?

Bitte diesen Link anklicken!

http://quotes.barchart.com/texpert.asp?sym=drooy

Gruss

ThaiGuru

[dr.gips]

@ thai guru

dein wort im ohr des herrn!! drooy ist natürlich schon sehr gut gelaufen aber ich denke längerfristig bleiben gute chancen auf weitere gewinne. wann gibt´s nochmal die zahlen?

dr.gips

[ThaiGuru]

@dr.gips

Schau Dir diesen Thread mal vom ersten Posting an, und vergleiche meine Prognosen zu Drooy vom Januar mit den Ergebnissen von Heute.

Heute zur Zeit wieder gestiegen um 6%, auf 4.55 US Dollar!

Gab es da nicht einige übervorsichtige Leute, die Drooy etwas zu früh verkauft haben?

Macht nichts, einfach wieder einsteigen!


Gruss

ThaiGuru

[ThaiGuru]

Entgegen meinen Erwartungen hat Drooy heute schlechtere Ergebnisse geliefert, was aber anscheinend dem Aktien Kurs von Drooy nicht viel anhaben konnte. Im Gegenteil der Kurs steigt! Ein Grund dafür ist sicher der stark ansteigende Goldpreis, von zur Zeit über 308.- US Dollar, der sich auch weiter positiv für Drooy auswirken sollte.

Hier ein Kurzbericht zu den 1. Quartal Ergebnissen.

DRD Profits Slump As Gold Output Falls

25.04.2002 14:31

The South African gold miner Durban Roodepoort Deep posted a headline loss per share today for the quarter ending March, this was as gold output fell and cash costs per kilogram climbed.
DRD reported a headline loss per share of 2.9 cents in the quarter to March 31st, compared to earnings per share of 39.5 cents in the previous quarter.
Analysts polled by one agency had expected an average headline earnings per share, which strip out exceptional items and their tax effects, of 57 cents , with a range of 35 to 83 cents.
Gold output for the March quarter slipped to 7,752 kg from 8,369 kg in the December quarter. Cash costs jumped to 69,154 rand/kg from 60,617 rand/kg.
Cash operating profit fell to 115.9 million rand in the March quarter compared to 170.1 million rand.

Kurse in Frankfurt

DROOY plus 6.25%, 5.44 Euro

[hbbbh]

vergess nicht, daß DROOY jede Menge Kohle benötigt hat um das Hedging zurückzufahren. Auch im nächsten Quartal wird da noch mal ein Schluck aus der Pulle gebraucht ... doch ... lass erst mal die zahlen vom 3. Quartal da sein ... oh ooooh .. dann dürften die Gewinne sprudeln ... und ?? wie war das ??? die Börse nimmt die Ereignisse ein halbes Jahr voraus ?? ... tja ....

[ThaiGuru]

Auszug aus "A Golden Floor" von Clif Droke

April 29, 2002

http://www.321gold.com/editorials/droke/droke042902.html

Durban Deep was met Thursday (April 25) with a wave of selling, much of it in the form of profit-taking from Durban`s recent impressive 3-day rally. A number of prominent stock advisory services told their subscribers to take profits on DROOY and other gold stocks Friday and this undoubtedly helped to magnify the decline.

Trading volume was extraordinarily high Thursday, the highest volume we can remember for Durban in quite a long time. Average daily trading volume for DROOY is 2.78 million but Thursday saw volume of some 10 million shares traded. This represents peak volume as the tape shows clearly. This puts Durban in a bearish immediate-term position. There is now much overhead supply that Durban must contend with before mounting another sustained rally and eventually clearing above the $5 benchmark.

Advancing volume momentum for Durban when viewed from a rate of change perspective shows an abrupt collapse in buying interest and suggests a correction in DROOY shares in coming days. Durban will be hard pressed to make it above $5 in this current cycle.

Durban has met precisely its minimum downside objective from breaking beneath a 4-day rising trend line yesterday in closing at $4.18 on Thursday. Durban will attempt to follow through with its Friday rally early this week but will meet with strong resistance beneath the $5 level. On Monday a series of short-term parabolic cycles peak and a failure to close above $5 by Tuesday means Durban has likely seen its top for this cycle and will correct. There is support from the cycle channels first at $4, then at $3.5. A reader responding to a recent gold commentary writes:

"I have read your recent articles with great interest but I have a few concerns in regards to gold stocks. Firstly I believe that gold will move up strongly in the years ahead and this latest rally is showing exceptional promise, but your recent `Will gold go to $250` has raised an issue with me. There currently exists a number of gaps under the market. Now I realize that not all gaps get filled, but never before have gaps remained open in the gold market so I find it difficult to believe that gaps will remain in the future. Many of the gold stocks currently have numerous gaps in their daily charts and several including DROOY have gaps in their weekly charts. Now I can maybe accept the possibility of gaps in daily charts remaining unfilled but find it impossible to believe that weekly gaps will never get filled. I happen to think that before this market will get into full swing these weekly gaps at the very least will be filled. A drop in gold to $250 may be unlikely, but a drop to $265 into Sept. this year I think is a very high probability."

Our response is that this is a case where the gaps will not be filled. We`ve observed in the past that whenever a lengthy consolidation in any commodity, including gold, is underway and gaps show up in the charts followed by a big breakout and subsequent upward trend, the gaps can go years without being filled. We believe this will be the case with gold. We have a hard time conceiving of a drop down to $265 after all that gold has accomplished in recent weeks -- it would undo all that work and even more supply to the market. Plus, as of this week the third line of a fan line retracement was broken (bullish) plus a 3-month triangle pattern was broken to the upside. To us this represents yet another breakout with $325 (give or take) a very possible near-term objective. If gold fulfills its minimum upside objective from this triangle breakout it would establish a strong floor above $300 with $250-$265 a distant memory.

Clif Droke
April 29, 2002

[dieNachteule]

Vorsicht vor den überglühten Goldaktien!

Es gibt rein technisch jetzt einige Risiken,
die Aufwärtstrends kommen ins Stocken.
Vor allem solche Kleinigkeiten wie die großen Verkäufe
kurz vor Schluß bei Durban sind eine Warnung!

Fundamental ist das Bild gemischt.Der Rand steigt und das
Gold steigt, also Gutes und Schlechtes...

Wer einsteigen will, sollte etwas warten, und wer auf Gewinnen hockt, kann ja mal über ein paar Gewinnmitnahmen
nachdenken.

Man schläft besser.

Ich selber bin nur am Watchen... Bis jetzt!


Die Nachteule

[dieNachteule]

Der steigende Goldpreis scheint die Trends zu retten

[Der_Glueckliche]

und es war doch gut nicht auszusteigen, kein Wunder bei den noch dazu schnell erschließbaren Resourcen...
Wenn allerdings Gold unter 300Dollar fallen würde gebe ich meine Durban wieder her. Ansonsten: Zuschauen, wie sie sich alle 3-4 Monate verdoppeln. Originalaktien, also keine ADRs gibt es in Südafrika(habe ein halbes Prozent fremde Spesen gezahlt)und in Paris(wenig Umsatz aber spesengünstiger).
Spätestens seit der Central Norseman Abzocke weiß man, daß man mit amerikanischen Banken, die die Emmitenten der ADRs sind, aufpassen muß. Deswegen bevorzuge ich Originale, halte keine ADRs mehr.
Viel Glück allen!

[Der_Glueckliche]

Es gibt laut goldseiten 160mill. Aktien, eine Jahresförderung von vorraussichtlich 1,2millionen Unzen und, das Beste, Resourcen, die schon fast als Reserven betrachtet werden können, die bei der jetzigen Höhe der Förderung 80-90Jahre halten. So richtig Gewinn machen die Durbans natürlich erst bei steigendem Goldpreis, der kommt aber doch, oder?

[ThaiGuru]

Und es wird weiter aufwärts gehen!

Bis 50.- Dollar pro Aktie ist es noch ein weiter Weg.

Gruss

An alle geduldigen DROOY besitzer.

ThaiGuru

[Nordlicht]

Hallo ThaiGuru,

bei welchen Goldpreis erwartest Du DROOY bei 50,-Dollar. Wie groß schätzt Du den Hebel zum Goldpreis? Habe DROOY zu 1,-Dollar gekauft. Da stand Gold bei 265 glaub ich. Das wäre also bisher ein Hebel von etwa 20! 50,-Dollar wäre fantastisch, aber nicht unrealistisch. Ob ich das bis 50 durchhalte, falls es tatsächlich dazu kommt, weiß ich nicht, da der Anteil an meinem Depot jetzt schon sehr groß ist. Vermutlich werde ich irgendwann vorher einen Teil verkaufen.

An dieser Stelle möchte ich mich auch über Deine vielen guten Beiträge bedanken. Mach weiter so!

Schöne Grüße
Nordlicht

[ThaiGuru]

@Nordlicht

Wie schon geschrieben, es ist noch ein weiter Weg bis 50.- Dollar pro *DROOY* Aktie. Dieser Weg wird auch nicht nur in einem Stück nach oben führen.

Ueber den Hebel von DROOY will ich hier gar nicht spekulieren, das hängt zum einen von der Entwicklung des Goldpreises, der Entwicklung der Gold Produktionskosten bei Drooy, des Kurses des SA Rands ab, und zum anderen natürlich auch vom Dollar.

Wovon ich aber überzeugt bin ist, dass DROOY bei weiter steigendem Goldpreis noch sehr grosses Potenzial hat, auch wenn einige, oder schon viele Leute eher glauben die Luft sei schon draussen bei Drooy, und jetzt nachdem sie schöne Gewinne gemacht haben, anderen Aktien den Vorzug geben.

Ein Tip:

Du brauchst auch nicht stur Deine gesammte Menge an Drooy Aktien bis zum Zielpreis von 50.- Dollar, vielleicht in 2-3 Jahren zu halten. Verkaufe doch sukzesive einfach mal soviel an Drooy Aktien bis Du Dein gesammtes investiertes Kapital zurück erhalten hast, und kaufe damit physisches Gold, oder Silber, andere Gold-oder Silberminen Aktien, oder behalte Dein "Fiat Geld" wenn Du möchtest. Denn Rest an Drooy Aktien kannst Du meiner Meinung nach dann 2-3 Jahre beruhigter stehen lassen.

Gruss

ThaiGuru

[ThaiGuru]

*DROOY* bleibt heute stark, auch wenn die grossen Brüder GFI und HGMCY heute 6-8% runtergeshortet wurden.



Gruss

ThaiGuru

[GOLDONLY04]

Die viel zu teuren Lemmingsaktien Gold Fields -6,21% und
Harmony -8,43% wurden heute in NY trotz festem Goldpreis
böse nach unten geprügelt.
Alles hat eben seine Zeit.

Western Areas dagegen heute in SAF satte +7%.



GO

[Arhaes]

Go,

es hat keinen Zweck.


Ich versuche seit geraumer Zeit, Leute im GFI Thread davon
zu ueberzeugen, dass man wo anders bessere Chancen bei
geringeren Risiko hat.


Ohne Erfolg, die Typen sind voellig verbohrt.


MfG

[Nordlicht]

@ThaiGuru

Vielen Dank für Deine schnelle Antwort.
Du hast sicher Recht. Bis 50 werde ich alle meine lieben DROOY`s nicht halten. Mein "Fiat Geld" (origineller Ausdruck :-) ) werde ich wohl am ehesten in (eine) andere Goldmine(n) stecken, oder vielleicht auch in Werte fern des Goldes, denn ich denke die breite Masse der Aktien können auch trotz steigenden Goldpreises steigen. Gold kann schon allein wegen der in der Vergangenheit massiven Manipulation nach unten steigen.

Übrigens habe ich DROOY an der Nasdaq gekauft wegen der hohen Liquidität. Ich glaube zwar, dass der Dollar gegen den Euro noch etwas fallen wird, aber was macht das schon bei zu erwartenden mehreren 100% Gewinn.

Gruß
Nordlicht

[ThaiGuru]

@Goldonly04

Dass Du andere Leute die nicht "Deine" Aktien kaufen als Lemminge bezeichnest zeugt von einer Ueberheblichkeit sondergleichen.

Dass Du nur so mit Deinen Millionen Gewinnen und Deinen 100000 tausenden von Aktien so um Dich schmeisst, die Du angeblich jeweils kaufst und verkaufst, glaubt Dir eh kein intelligenter Mensch. Das Du im WO Board alles noch jeweils grosskotzig ankündigen must, zeugt von Deiner ausgeprägten Geltungssucht, die sicher schon fast bemitleidenswert ist.

Es können halt leider nicht alle Aktien am selben Tag steigen, das solltest Du eigentlich auch wissen.

Also verzieh Dich aus diesem Thread und push Deine eigenen Favoriten bei Dir im Thread.

Gruss

ThaiGuru


PS: Dein Wickelkind Arhaes mit seinen super Tips kannst Du auch gleich mitnehmen.

[Arhaes]

Und die Wahrheit vertragen sie auch nicht!!


Metex +++ PLUS 13,5% +++



MfG

[Blecheuro]

Hier möchte ich mich kurz einbleden und sagen, daß mir gewisse Schreihälse, die eh keine Ahnung haben und nur rumstänkern, auch nicht gefallen. Sie lenken uns zu sehr vom Thema ab. Jeder, der von Anfang an dabei ist, weiß, daß 10, 20 oder gar 30% Gegenreaktion absolut uninteressant sind. Ich habe noch keinen Chart gesehen, der in einer 30-Tagebetrachtung nur unentwegt nach oben geht. Wir sollten froh darüber sein, daß es wenigstens eine kleine Gegenreaktion bei den Minen gibt, denn "gesund" ausgebildete Charts bescheren uns mehr Beständigkeit und geben Gelegenheit bestehende Positionen weiter auszubauen. Für ZOCKER können ausgeprägtere Korrekturen natürlich sehr unangenehm sein. Aber die verdienen sowieso kein Geld, weil sie nur am Anfang zockermäßige Trinkgelder mitverdienen und sich später immer wieder über die eigenen Fehler wundern, aus reiner Mißgunst die Threads zerstören und sich wie Kleinkinder benehmen.

[GOLDONLY04]

@Thai-Guru

Herrlich. Endlich mal jemand, der sich von mir
ärgern läßt.

Leider muß ich Dir sagen, daß alle von mir herausposaunten
Käufe und Verkäufe der Wahrheit entsprechen.

GOLDONLY: --> `ONLY` ... Ich bin nur in Gold- und Silberminen.

Mich nervt immer, wenn Leute mit ihren prozentualen
Gewinnen rumprahlen und in Wirklichkeit nur eine läppische
Anzahl von Aktien besitzen.

Deshalb sage ich auch immer, wieviele ich habe !!
Leider bin ich da ziemlich der Einzige.

Um Dir eine besondere Freude zu machen:

Nach der Liquidierung der KIDSTON, wobei ich wohl ca. 100.000 DM verlieren werde, bin ich noch mit 2.4 MIO
DM (Einkauf) ein Gold- und Silberminen investiert.

Gruß

GO

[Arhaes]

Noch so einer der es nicht kapieren will oder kann???

Auch fuer Dich liebes blechle, Die 3 genannten Werte sind schon etwas stark gekommen und es gibt noch andere gute Aktien die jetzt nachziehen.

Warum also soll ich mein Geld parken in Aktien wo der erste run schon vorbei ist.

Entschuldige, das ich eine andere Meinung habe und sie auch noch ausspreche.

Der Erfolg gibt mir bis jetz recht.



MfG

[Dottore Lupo]

@ Thaiguru: jetzt begründe doch mal einige Kennziffern von Drooy bei 50 US $...ich hätte gerne Marketcap,P/ E,Reservenbewertung und den dazugehörigen Goldpreis....und dann werden wir weiterreden.

cu DL

[talvi]

@Goldonly???

#54 DM

Grüße Talvi

[talvi]

@Goldonly???

In was für eine Zeitrechnung lebst du???

Wo bekommst du noch was,für unsere gute alte DM

Grüße Talvi

[Lauren]

am 7. Juni ist HV in Johannesburg, 11.0 h

Ich habe von Amerika ein Heft zugeschickt bekommen mit

"Form of Proxy"

"Circular of the 8 282 056 ordinary shares issued by DRD
in 1999 pursuant to the Rawas transaction

and incorporating

- a note of general meeting; and

- a form of proxy."

Ich kann die "Form of Proxy" bis zum 5.6.nach Amerika
schicken oder zu meiner Bank (Datek), damit ich an der
Abstimmung teilnehmen kann.

- über was soll ich da abstimmen? Hatte mal jemand so was schon ?
- Ist das negativ für den Kurs oder normal ?

thanks

[ThaiGuru]

@Lauren

Wie es aussieht war die Meldung gut für den Kurs der *DROOY*

Neues Jahres Hoch erreicht heute mit 5.88 US$!

Steht jetzt gerade bei 5.72 US$ was auch ein 52 Wochen Hoch bedeutet.

Wer weiss vielleicht sehen wir diese Woche noch die 8.-$

Und nicht vergessen, Ziel innerhalb von ca. 12-18 Monaten bleibt weiterhin bestehen 50.- US Dollar pro Aktie!

Gruss

ThaiGuru

[Der_Glueckliche]

Schön, diesen Tröt wieder zu sehen! Ja, hach, meine geliebten DROOYs. wertmässig mittlerweile meine größte Position..., haben den Wert der Barren mittlerweise überholt, trotzdem gebe ich so bald kein Gramm echtes Gold her!!

Noch einmal, für Alle:
Gold, und zwar echtes Gold, kein Papier, ist eine wertbeständige und noch dazu schön anzuschauende Anlage.

JEDER, DER GOLDPAPIERE HÄLT, SOLLTE MINDESTENS 10% DES PAPIERWERTES IN ECHTES GOLD VERWANDELN!!!

[Nordlicht]

@ TaiGuru

In #46 hast Du noch was von 2 - 3 Jahren geschrieben. Nun aber 12 - 18 Monate. Hab ich was übersehen?

Gruß
Nordlicht

[ThaiGuru]

@Nordlicht

Du hast gar nichts verpasst!

Habe meinen Zeitrahmen nur etwas gestrafft, weil die Veraussetzungen auf Grund des Golgeschehens, in den letzten Tagen viel besser geworden sind, dass wir sehr wahrscheinlich eben nur noch 12-18 Monate, oder evtl. sogar noch weniger Zeit investieren müssen bis die *DROOY* wieder die die Preisregionen von vor 22 Jahren vorstossen kann.

Gruss

ThaiGuru

[ThaiGuru]

Anscheinend möchten gewisse Kreise den Aktienpreis von *DROOY* gerne tiefer sehen!

Dieses Dementi zu Gerüchten, dass eine Schliessung einer Mine von Durban unmittelbar bevorstehe, habe ich eben bekommen.

***

DRD denies rumours of production cuts or mine closures

Durban Roodepoort Deep, Limited Chairman and Chief Executive Officer Mark Wellesley-Wood has strongly denied reports which began circulating yesterday that the company was "set to lose over 40% of its refined gold production this year due to the exhaustion of a mine". "The report, erroneously attributed to Reuters, began surfacing in internet chat rooms yesterday," Wellesley-Wood said today. "Attribution to an unnamed senior CVRD official may suggest confusion between DRD and CVRD."

Wellesley-Wood said that, contrary to the report, DRD was in a growth phase, details of which had been communicated to the market. Specifically, there had been no production problems in the month of May. "I want to give our shareholders, employees and potential investors an emphatic assurance that DRD anticipates no mine closures or production cuts," Wellesley-Wood said.

[ThaiGuru]

http://quote.bloomberg.com/fgcgi.cgi?mnu=news&ptitle=Mining%…

Mining News
Mon, 10 Jun 2002, 3:43pm EST

Durban Deep Sues Former Executive in Bid to Recover Losses

By Antony Sguazzin


Johannesburg, June 7 (Bloomberg) -- Durban Roodepoort Deep Ltd., South Africa`s No. 4 gold miner, sued its former chief financial officer and said it may take legal action against other former executives to recover losses.

Durban Deep said former Chief Financial Officer Charles Mostert oversaw the purchase of shares in an Australian company in a transaction that cost Durban Deep six times as much as the value of the shares. Other former executives may be sued over the purchase of a failed Indonesian mine, the company said.

Durban Deep`s chief executive officer, Mark Wellesley-Wood, has clashed this year with other executives in his attempts to clear scandals that led most South African institutions to sell the company`s shares.

``I can assure shareholders that measures have been put in place to ensure that events such as this cannot happen again,`` Wellesley-Wood said in an e-mailed statement.

Mostert, who left the company in 2000 and is now the chief executive of Australia`s Majestic Resources NL, was in charge of purchasing more than 11 million shares in Australia`s Continental Goldfields Ltd., Durban Deep said. The shares cost A$1.15 million ($660,000) in addition to a fee of A$5.9 million to Noble Investments Ltd. for helping Durban Deep make the acquisition.

``Durban Deep agreed to pay more than six times the market value for shares it didn`t want,`` Wellesley-Wood said.

Mostert couldn`t immediately be reached for comment.

Other Defendants

Jon Stratton, a former consultant to Durban Deep and Noble Investments, is also named as a defendant in the case, which will be heard in Western Australia`s Supreme Court, the statement said.

Durban Deep shareholders today approved a motion to secure validation of 8.25 million shares, now worth 425 million rand ($43 million), from the High Court of South Africa.

Durban Deep has said the shares were issued invalidly to acquire the Rawas mine in Indonesia. About 40 percent of the shares were given to companies associated with Consolidated African Mines Ltd., which is controlled by the father and son team of Roger and Brett Kebble.

The Rawas purchase was authorized by five former Durban Deep executives -- Mike Prinsloo, who now works for Gold Fields Ltd., Vic Hoops, Mostert, Dick Plaistowe and Roger Kebble, the statement said.

``Durban Deep saw no benefit,`` the statement said. ``The gain lay with companies in the CAM Group.``

Durban Deep`s board may decide to take legal action when it meets again next month, said Ian Murray, who replaced Mostert as the company`s financial director.

[Indexking]

nix wie raus




DER KING

[ThaiGuru]

Durban Roodepoort Deep, *DROOY* zahlt die erste Dividende seit 107 Jahren!

Gruss

ThaiGuru

DRD to pay first dividend in 107 years

By Matthew Jones
Financial Times
June 19, 2002

Durban Roodepoort Deep, South Africa`s fourth-largest
gold miner, confirmed on Wednesday it would pay the
first dividend in its 107-year history when it reports
full-year earnings next month.

The statement came as the company said it was
seeking a full listing on the Australian stock exchange,
raising speculation that it may be planning acquisitions
in Australia.

Mark Wellesley-Wood, chairman of DRD, told the
Financial Times the company was back on track after
a "tumultuous year" of sweeping management changes
and litigation.

The group`s intention to pay a dividend was definite
and earnings were improving after winding down the
gold hedge book and paying down debt.

"The dividend is now in the budget and we will be
making a statement on future dividend policy next
month," he added.

DRD has in the past had a reputation for high
operating costs, poor gold hedging, and poor
corporate governance.....

Wellesley-Wood said the group had wound down its
hedge book, making it one of the most highly-geared
roducers to the gold price. He added that it was expected
to gain approval this week for a full listing on the
Australian stock exchange, raising expectations that it
may be planning paper acquisitions there.

Wellesley-Wood declined to confirm whether acquisitions
were planned in Australia but said the group was looking
to grow through a mixture of mine purchases and the
development of existing assets.

"We are not aiming to get big for the sake of it but will
continue our strategy of buying cheap assets that other
producers consider non-core," he added....

* * *

[dr.gips]

@ thai guru

weißt du wie hoch die dividende ausfallen soll ??

[keoma]

würde auch gerne wissen wann und wieviel dividende.ausserdem vielen dank für die
vielen und guten infos

[ThaiGuru]

@keoma
@dr.gibs
@alle

Die Höhe der Dividende von DROOY ist mir zum jetzigen Zeitpunkt noch nicht bekannt. Die Höhe der Dividende wird gleichzeitig mit den 2. Quartalsergebnissen bekanntgegeben.

Werde es hier Posten, wenn es soweit ist.

Sicher ist auf jeden Fall, dass zum 1. mal nach 107 Jahren, eine Dividende gezahlt wird, und das ist doch auch schon mal was!

Wer jetzt immer noch keine *DROOY* im Portefeuille hat, ist wirklich selber Schuld

Gruss

ThaiGuru

[dr.gips]

@ thai guru

gips mit "p"(hat ne tiefere bedeutung)
möchte mich ebenfalls bei dir für diesen interessanten threat bedanken,lese ihn immer wieder gern!!

dr.gips

[ThaiGuru]

@dr.gips

Sorry, war ein unbeabsichtigter Schreibfehler!

ThaiGuru

[ThaiGuru]

http://www.mips1.net/news.nsf/FNmg1F0?OpenFrameSet&Frame=Art…

JOHANNESBURG - Durban Roodepoort Deep has successfully validated the allotment and issue of 8 252 056 DRD ordinary shares relating to the purchase of an Indonesian gold mine, the company said today.

The shares were issued invalidly to various creditors of Laverton Gold and its subsidiary, BT Barisan Tropical Mining, in July and October 1999, ostensibly in exchange for the Rawas gold mine in Indonesia, which ceased production in March 2000.

Judge Cloete granted the validation order in spite of an application for a postponement submitted by lawyers acting on behalf of DRD non-executive director Roger Kebble. The postponement was sought, pending an application by Mr Kebble for leave to intervene in the matter.

Mark Wellesley-Wood said, "I am pleased that this matter has been settled with regard to the company`s position. All the matters which were being investigated with regard to irregular transactions have now been concluded. The Board will decide on July 23rd whether it will take legal action for recovery of the Rawas loss against the parties responsible."

[ThaiGuru]

http://www.mips1.net/MGFin.nsf/Current/4225685F0043D37A42256…

Things fall apart at ERPM

By: Stewart Bailey


Posted: 2002/10/07 Mon 20:00 ZE2 | © Miningweb 1997-2002


JOHANNESBURG – A strike at ERPM, Durban Roodepoort Deep’s 40 percent-owned operating subsidiary, spun out of control today after two striking workers were shot dead by private security forces. The incident came as 4,000 workers, all employed by an independent labour broker, contravened the terms of an interdict obtained by ERPM management preventing their access to the mine.
The workers had been on strike since last week Thursday and were protesting low wages paid by their employer, Circle Labour and Accommodation. Moferefere Lekorotsoana, a spokesman for the National Union of Mineworkers (NUM), said while Circle had been paid R70 a day for the lowest paid mineworkers on its books, the workers in question received wages of only R30 a day.

Sandi Du Plooy, the financial manager of Circle, said the broker billed ERPM R67.29 per shift for the lowest category workers, who were in turn paid R35.94 a shift. The balance, R31.35, was allocated to worker benefits and statutory levies and taxes. “That (R67.29 a shift) is what it would cost ERPM to employ those workers anyway…our management fee is invoiced separately,” said Du Plooy.

According to Paseka Ncholo, chief executive of 60 percent ERPM shareholder Khumo Bathong, one of the mine overseers, Boeta van der Merwe, had incited the workforce to strike by providing them with false information over the difference between their wages and the labour broker’s margins. He said the NUM had been informed consistently by management over the past week that the strike would be unprotected and that the information workers were reacting to was incorrect.

The strike then came to a head this morning after workers were informed that ERPM terminated the contract of Circle, leaving 4,000 of them unemployed. “This follows the termination of the contract between ERPM and Circle on Sunday morning as a consequence of Circle`s ongoing inability to provide an uninterrupted labour supply to ERPM. ERPM had indicated that it would terminate the existing labour contract if employees had not returned to work by 06:00 on Sunday (6 October 2002),” DRD said in a statement issued earlier today.

According to Ncholo about 4,000 striking workers marched to the Far East shaft at the mine and confronted police and private security officers. “They stormed the area and broke buildings and attacked security guards. The numbers were too overwhelming…now two men are dead and another 14 injured,” said Ncholo. He said the security guards responsible had been arrested by police.

Planned retrenchments
Ncholo said plans to retrench 2,000 workers had been drafted by mine management prior to the strike. He said staff numbers had to be cut after an underground area was “burnt beyond repair” earlier this year. “Those workers ought to have been laid off then but they never were,” he said. According to one source, DRD would have had to pay Circle a notice penalty if it were to reduce the labour force at the mine by more than 10 percent.

DRD and black empowerment group Khumo Bathong bought the 180,000 ounce a year mine from German entrepreneur Claus Daun for R120 million; at the time DRD said it would reduce cash costs at ERPM from current levels of $300/oz to $250/oz.

The strike and the resultant termination of Circle’s contract because of its “failure to provide an uninterrupted labour service” to ERPM, provides DRD an elegant exit from its relationship with Circle. It has entered discussions with NUM over the number of people it plans to re-employ in order to staff the mine. It will pay no retrenchment penalty to Circle.

Lekorotsoana said the cause of the strike needed to be assessed. “You have to ask why workers only found out about this wage issue now,” said Lekorotsoana. Van der Merwe, the alleged instigator of the strike, could not be reached by ERPM management. Ncholo said ERPM management had obtained an interdict to prevent van der Merwe from entering the mine premises and had, before the onset of the strike, been in the process of finalising his dismissal.

The current workforce at ERPM was almost all re-employed when the mine was bought out of liquidation in 1999. At the time employees were not paid severance packages and now, according to the union, the dismissed workers would once again be left without severance packages.

This dispute is likely to bring the use of contractors by South African mining companies into question. While the country’s major mining groups are struggling under rigid labour legislation, including a R2,000 a month minimum wage agreement and a range of other regulations making the dismissal of workers difficult, contract labour has increased in popularity. One senior mining executive, who declined to be named, said his company made use of contractors were there was a skills gap. “We also use them typically in areas where there is only work to be done for a fixed term – three months for example. You just can’t hire and fire,” he said.

[ThaiGuru]

http://www.sundaytimes.co.za/2002/10/13/business/news/news19…

Sunday 13 Oct 2002 > Business news

Has DRD spent R90m on a fools` gold mine?

Acquisitions by Hilton Shone

DURBAN Roodepoort Deep on Friday hit back at suggestions that its purchase of 40% of East Rand Proprietary Mines this week was ill-conceived, given ERPM`s age and perceived marginal stature.


DRD and Khumo Bathong Holdings say their 40:60 venture, Crown Gold Recoveries, will buy ERPM for R90-million on Competition Commission approval.


"I would describe ERPM as mismanaged in the past, hugely mismanaged even, but it certainly is not marginal," DRD chief executive Mark Wellesley-Wood says. "Reserves of 1.5 million ounces is not shabby in my book. There is this misperception that ERPM is a shoddy asset but the far east section of the mine is new, the underground conditions there are good and the plant is in good condition."


Wellesley-Wood says Crown Gold will spend some R100-million on the plant, pumping water from the older flooded section and refurbishing one older shaft. "If there is a better asset for R90-million, please let me know about it," he says.


Some analysts disagree. "ERPM requires a lot of tender loving care and, with respect, I`m not convinced Crown Gold will be able to do much better than the previous management," says one. While the stronger gold price in recent months makes the mine a better economic prospect, "technically these old mines have very difficult orebodies".


A second analyst agrees, noting that the ageing mine requires significant infrastructural inputs.


"If the gold price were to fall by $20 or $30 from current levels, ERPM becomes seriously marginal and Crown Gold`s purchase could end up looking silly," the first analyst says.


DRD would be better off at this stage concentrating on clearing up its balance sheet, returning some value to shareholders in the form of dividends and generally improving investor confidence in the company, he says. "They [DRD] have more than enough marginal assets as it is. They could perhaps even have considered re-opening their old Durban Deep section rather than buying ERPM."


ERPM, opened in 1893 and one of South Africa`s oldest mines, has been in the news this week. Workers staged a protest at Far East Vertical after ERPM terminated the contract of labour broker Circle Labour and Accommodation over a wage dispute, leaving more than 4 000 people unemployed.


In the ensuing violence, two workers were shot dead by private security forces at the mine. The matter is now under official investigation.


Khumo Bathong executive chairman Paseka Ncholo says management`s main focus now is to ensure a speedy return to "sustainable production". The mine will do away with contract labour and recruit full-time workers from the Circle Labour pool. He concedes it is unlikely all 4 059 workers will be hired, but says retrenchment packages have been agreed with the National Union of Mineworkers.


Ncholo says protesters inflicted damage of "not less than R4-million" at Far East Vertical section, some of which would take months to repair.


ERPM was 70%-owned by German entrepreneur Claus Daun, who saved the mine from final liquidation with a R73-million bid in 2000.


Ncholo says this week`s deal will add 135 000 ounces a year to Crown`s current gold production (from surface dump retreatment on the central and eastern Witwatersrand), taking its total to 275 000 ounces. Re-treatment of the ERPM`s Cason surface dump material from July next year will add another 40 000 ounces , taking Crown`s share of DRD`s production base to 24%, with a value of about R2-billion. DRD will manage and operate the mine.

[ThaiGuru]

http://m1.mny.co.za/MGGold.nsf/Current/4225685F0043D1B242256…

DRD reaps hedge benefits

By: Stewart Bailey


Posted: 2002/10/24 Thu 16:57 | © Mineweb 1997-2002


JOHANNESBURG – Durban Roodepoort Deep burst from its shackles in the September quarter reporting an 80 percent increase in headline share earnings at a time when South Africa’s other gold producers were showing signs of strain.
The company’s income statement showed the benefit of a hedge book clear-out earlier this year, making this the first quarter with gold sold at the prevailing spot price. The upshot of the financial restructuring was an 80 percent increase in headline earnings a share to 45 cents.

DRD received a gold price $31/oz (R11,712/kg) higher than the previous quarter. The average spot gold price over the three months to the September quarter was $324/oz (R110,169/kg). This breaks an extended run by the company which has sold gold well below the prevailing spot price since 2000, the worst of which was in March this year when the company received only $200/oz for its production when the spot price was around $295/oz.

But overshadowing what chief executive Mark Wellesely Wood called the company’s “return to normality” was an 8.3 percent increase in costs to R512 million for the quarter. The rising cost trend has been the defining feature of the quarter as gold miners grapple with rising producer inflation and the implementation of the second leg of an industry-wide wage agreement settled with the unions 18-months ago. The average cash cost of production for the group over the period was $247/oz, up from $227/oz in the June quarter.

Executive chairman Mark Wellesley Wood said the company expected an improved cost performance from its North West business unit, the group’s highest yielding operation in South Africa, which produced 131,000 ounces of the total 223,512 ounces for the quarter at $258/oz. “Production was hit by an underground fire and labour unrest with our contractor…we are confident that this quarter will be better and that the cost position will improve significantly,” said Wellesley Wood.

Beyond costs, the group is to invest heavily in coming years to boost production and lower costs from its existing asset base. Organic growth projects focus mainly on the upgrade of existing plant to match planned increases in mining volumes, as well as exploration programmes aimed at converting resources to reserves. Most intriguingly, though, is the time and effort to be focussed on the Argonaut deep level project which encapsulates a 111 million ounce reserve at depths of between 3,000m and 5,000m to the south of Johannesburg. “Management believes that the project will be viable at current rand gold prices and this represents a major opportunity for DRD shareholders,” the company said in a statement. Its optimism in perhaps the most ambitious project in South African gold is its decision to spend R86 million in the current financial year.

According to the most recent estimates, the project would cost about R8 billion to develop. Management expect to make a decision on whether to proceed with the project within the next two years, after which it would take about 10 years to bring Argonaut into production, currently estimated at 1.4 million ounces a year.

[ThaiGuru]

http://www.mips1.net/mgcl.nsf/Current/85256BEA0026513A85256C…

INTERVIEW: Mark Wellesley-Wood, chief executive, DRD

By: Alec Hogg


Posted: 2002/10/24 Thu 15:15 | © Mineweb 1997-2002


MINEWEB: Tonight’s top story is the Roodepoort Rocket, Durban Deep. Stewart Bailey from Mineweb.com is at the Mineweb News Centre. Some background before we chat with Mark Wellesley-Wood, who is the chief executive of Durban Deep, Stewart?[/b][/u]

STEWART BAILEY: Yes, Alec, after all the talk about inflation hitting costs for the gold producers finally, some good news for Durban Deep today. Those who have followed this company will know that earnings have previously been pulled down quite dramatically by its hedge book and, without getting into too much detail, that essentially boils down to DRD selling its gold at way below the ruling spot price. That’s a thing of the past now. The group is officially free of its hedge commitments and this quarter it received $31 an ounce more for its gold than in the previous quarter. Now that all translates into an 80% increase in headline earnings, which should have shareholders smiling. But now that that financial revamp is out of the way, the market does have its sights set firmly on what DRD’s plans for the future growth are. The most intriguing of these plans is Argonaut – a project that will tap into a 111m ounce gold reserve at ultra-deep levels beneath Johannesburg. The market currently is sceptical about the project, but management does believe it can prove a strong case for development of the mine and it will present that to shareholders within the next year or two.

MINEWEB: Stewart, thanks for bringing up the Argonaut. We will be talking with Mark about that a little later, but first off the hedge book – 800,000 ounces that you had at the beginning of the year. You’ve got rid of that in May. As Stewart correctly said, it made a difference in this quarter of $31 an ounce and, really, going into the future you’re going to be getting the spot price of gold. Now, Avgold last night we were talking with, they’ve got a massive hedge book. More than half of their production for the next 45 months is tied up in a hedge, it’s nearly R1bn under water. If you were running that business, what would you do?

MARK WELLESLEY-WOOD: Certainly in Avgold’s case they’ve got a huge reserve, and they’ve had to cover their financing costs and I can see why they went into a hedge at that particular point in time. I think the issue is really the exposure to the shareholders – the quicker they can get rid of that, the better it will be for them. We have invested a lot of money in terms of becoming unhedged and …

MINEWEB: How much, Mark? How much has it cost?

MARK WELLESLEY-WOOD: It’s cost us nearly $100m.

MINEWEB: $100m? That’s R1bn?

MARK WELLESLEY-WOOD: Yes.

MINEWEB: To get out of it.

MARK WELLESLEY-WOOD: That’s the price of freedom and, on that basis, this is the first set of what I call clean results from Durban Deep. You can see the gold price, we got $315, we’ll now take our rolls with the future gold price, the future exchange rate. We had a gross margin of $68 an ounce and, yes, you’re right, the focus will have to be on the costs now to deliver growth, but it’s not a grubby margin and we’ve got a much better, sounder business and our shareholders will now participate in the upside in the gold price and not be protected against it.

MINEWEB: How did you fund that $100m or the R1bn?

MARK WELLESLEY-WOOD: Some of it came from cash flow, some of it came from an equity issue that we conducted in May earlier this year, some of it was raised in debt and some of it was asset sales, the JV on Crown with Khumo Bathong. So we scraped every piggy bank we could, and we got there.

MINEWEB: So if you were running Avgold, you’d be doing a similar thing there, trying to perhaps raise money by selling shares and liquidating that hedge as quickly as possible?

MARK WELLESLEY-WOOD: Yes, it’s an IRR calculation. You can work out what the dilute to the shareholder is and the upside to the shareholder and, providing there’s more upside, then I think that’s a justifiable use of funds.

MINEWEB: Well Rick Menell and co, if you’re listening, it will be interesting to see whether they take your advice or whether – I’m sure they’ve got plans of their own to go that way. Borrowings, this company of yours is really starting to get into pretty good shape. At the end of the last quarter you had borrowings of about R250m, you’ve got borrowings of only R150m. When we spoke three months ago, Mark, you said you were hopeful of paying a dividend in this financial year – that goes to June next year. Are you going to clean out the borrowings first before paying dividends?

MARK WELLESLEY-WOOD: I think you’re right, we have debt down to manageable levels. I mean, a lot of that short-term debt will go out from cash flow this year. I suppose on that basis we’d be slightly under-geared for our optimal capital structure. But yes, we’ve restored the balance sheet. The shareholders’ funds now are above where we started in 2000, so not only have we cleared the hedge out, not only have we cleared the debt out and cleaned the balance sheet up, not only have we got the operations and capital programmes in place to extend our mine lives, but now we’ve got that gearing, that opportunity to grow going forward. So the question now is the poise for growth for DRD. We’ve been looking at a number of programmes, we think we’re going to invest a lot more in our metallurgical plants because, as we’ve extended our mine lives – for example, Blyvoor had last year a 12-year life, now it’s a 25-year life. Now, with that kind of mine life …

MINEWEB: Just explain how that happened.

MARK WELLESLEY-WOOD: It’s a function both of geology, in terms of understanding your ore body, improving your infrastructure, lowering your pay limits.

MINEWEB: Lowering your costs, in other words?

MARK WELLESLEY-WOOD: Obviously, which is gold price and costs. And as we’ve done this we’ve been able to increase our tonnages, our tonnages from underground at Blyvoor, Harties [indistinct] up10%. We’ve dropped the grade just a tad, about 0.5 grams per ton. That brings in more ore reserve into the mine plan, that extends the life of the mine, that makes the mine more valuable, and that makes shareholders more wealthy.

MINEWEB: It sounds like a tough job from a miner’s perspective. Where do you find a management to do this?

MARK WELLESLEY-WOOD: We’ve got some tough managers.

MINEWEB: Where do you find them?

MARK WELLESLEY-WOOD: They are available, but they are scarce and I think that is a challenge for every mining company – whether it’s myself or anybody in the South African mining industry, finding the right tough managers to do these exercises.

MINEWEB: But are these people who are maybe to entrepreneurial for the huge mining corporations – is that where you’ve pulled them across from?

MARK WELLESLEY-WOOD: I like to think we’ve got some tough {indistinct} now. They’ve come from a multiplicity of backgrounds, they’re there from the school of hard knocks and I think they could chew their way through any challenges we throw at them. I’m very confident now that we’ve got the right people in the right place, which is another important thing in getting these companies right.

MINEWEB: But the Blyvooruitzicht people, David Shapiro, you’ll remember that gold mine listed on the JSE? From the time I started in journalism in 1980, it was an old mine, and now it’s going to be well into this century before it caps off.

DAVID SHAPIRO: I think that is what we should cheer about. I think that if we had the queen’s honours, I think Mark and Bernard and ARMGold should get that, because here we have mines that were discarded by the big mining houses, they were really put aside or put to seed and yet we’ve had these miners who’ve not only created or kept jobs but have also created an enormous amount of wealth.

MINEWEB: But why not list Blyvoors separately again?

MARK WELLESLEY-WOOD: I think there is a shortage of gold stocks. It’s something I experienced when I went to the Denver Gold Show. Really, DRD has only really just got its act together and to continue to deliver value. As I say, we have programmes investing in organic growth, improving and lowering the costs of those assets – to come back to the metallurgical programmes, if we can get our rand per ton down another R10 per ton, that can now create value because that R10 a ton now goes over that 26-year life. So your leverage is that much greater. But I think David makes a good point. Companies like Durban Deep, Harmony and ARMGold not only were the ones delivering the value, but we’re the ones that actually the stock market is focusing on. And I think globally in the gold industry there’s a big sort of dilemma arising, because you’ve got the big behemoths like Barrick and Newmont, AngloGold – they’ve been consolidators generally, {indistinct} with the exception of slightly on the hedging side or rather the non-hedging side and there’ve been these mid-cap companies, Harmony, Durban Deep, one or two overseas like Kinross, Goldcorp, and they’ve been the performers and actually the returns in the industry have been skewed around this middle group of, as you say, slightly more entrepreneurial and more innovative, but flat management structures. Our overhead is only $5 an ounce across the group – we manage that as well.

MINEWEB: $5 an ounce across the group? When you say your overhead, is that your head office overhead?

MARK WELLESLEY-WOOD: Yes, corporate costs.

MINEWEB: How does it compare, for instance, with one of those behemoths that you mentioned?

MARK WELLESLEY-WOOD: Well it used to be as high, some of them, as $20 and $30 an ounce. So you have these flatter empowered structures. Yes, it means there’s greater responsibility passed down the line, but it does create more value for shareholders across the group, and I think it’s a style of doing business and I think it’s a good differential.

MINEWEB: But, Mark, if you have mines that are not contiguous, in other words not next door to other gold mines, surely it makes sense to take operations like that and list them separately and give people like David Shapiro, who remembers Blyvoors and Hartebeesfontein, another one of your old mines, an opportunity to perhaps go for …?

MARK WELLESLEY-WOOD: Well, one of the projects, and you said you’d come back to Argonaut, but perhaps I’ll just jump to Argonaut as a project. It is an exploration project at this point in time, it’s pre-feasibility. But if there is an exploration market out there, there is a capital for long-term gold optionality, and I believe there is in some of the listings overseas – some of the recent ones in London and Toronto have been these sort of junior hopefuls – if there is money available, we will tap into it. But it’s horses for courses.

MINEWEB: Durban Deep itself, though, as it is today – and you’ve explained to us that you’ve pulled it right, you’ve explained how the balance sheet is now clean – but I get back to that point, it is almost like a holding company of a number of gold mines.

MARK WELLESLEY-WOOD: Well I don’t like to think we’re a holding company. I think we’ve devolved our structures down. I banned the word “head office”, for example. We just have “corporate centre”. The value driver is at the operations. Corporate services, even myself – I have to justify myself for the value I add.

MINEWEB: All right, I’m going to ask you this question again: would you consider ever listing those individual mines separately again?

MARK WELLESLEY-WOOD: I wouldn’t rule it out, but we don’t have any plans.

MINEWEB: All right, let’s get on to Argonaut. This is for people who live in Johannesburg, particularly in the southern suburbs of Johannesburg. They will know that there are tremors underground from time to time. It sounds like it might be a risky enterprise, Argonaut? Certainly it is a large enterprise. How big is this mega gold mine that’s been spoken about so often?

MARK WELLESLEY-WOOD: Well, the strike length, if you drive from one end to the other, is about 30 kilometres, so it takes a little bit of a while, even in a car. It is the depth extension, 3,000 metres to 5,000 metres, beyond the old mines. The seismic tremors that you hear about are actually from the old workings, and we would be going into virgin ground, we’d have all the geotechnics in place. Certainly, it is adventurous, I don’t deny that. The water problem – it was dubbed “aquanaut” at one time – we will leave a pillar, we’re not that stupid, we’re not going to go straight from the old workings. Holes have been drilled, technology has been examined, there’s been a project called Deep Mine which we’ve contributed to, and Anglo has contributed to the technologies that would be necessary to operate at those depths but, we have to think forward, this is ten years’ time, unless we challenge the technologies, unless we take those risks, unless somebody pushes that boundary and says, well, in the certainty that now we have with the Mining Bill and the Charter, we know what the ground rules are – unless somebody examines these and pushes the envelope for the technical people, for the finances, etc, it won’t happen. Now personally it’s against my religion to walk away from an option on 100m ounces. I am attracted to those ounces in the ground and we hope to put plans in place now to see that that optionality is turned to real value.

MINEWEB: How come the potential for the project lies within Durban Deep? Do you have the rights to those areas?

MARK WELLESLEY-WOOD: There are a number of leases. We have the majority, under “use it or lose it”. Clearly that consolidates around the promoter and so it is [indistinct] Durban Deep from the Randgold days – I won’t take credit for that. That was back in the Randgold times, then of course the gold price dipped, and the project got sort of half-parked and now we’re resurrecting.

MINEWEB: That’s the next issue – at what price, according to all that research that was done – at what gold price would a mine like this be viable at?

MARK WELLESLEY-WOOD: Today’s gold price.

MINEWEB: At today’s gold price it’s viable?

MARK WELLESLEY-WOOD: At R100,000 a kilo, it gives an 11% IRR, gives me a discount rate of 18%.

MINEWEB: Just explain that to people who don’t understand. An internal rate of return.

MARK WELLESLEY-WOOD: If you wanted 18% on your money and you went to David and asked him to invest it and give me 18%, that was my threshold, that’s your return on capital. Above that there is an 11% IRR on the project.

MINEWEB: How many people would a mine like this employ?

MARK WELLESLEY-WOOD: It would be quite a large venture. I mean annual production would be over one million ounces a ton and it would mean replacing our …

MINEWEB: So it would double the current size of Durban Deep – and how many do you employ?

MARK WELLESLEY-WOOD: Well, we employ 22,000 but obviously a new mine, that would be slightly less, about 12-14,000.

MINEWEB: Still, it’s significant. Is there anything Government can do to make this more attractive?

MARK WELLESLEY-WOOD: These are the kind of projects which, I think, risk sharing and stakeholders should be involved in. Certainly, in terms of shedding some of that risk, I think Government, the IDC, the agencies, black empowerment, contractors, construction companies – we might have a mix of involvement, and again we might bring in some equity through a listing. So there will be a multiplicity I think of risk sharers and funders in something this big.

MINEWEB: And in rand terms, how big a project would it be?

MARK WELLESLEY-WOOD: R8bn.

MINEWEB: R8bn? Mark, it’s very exciting, but we’ve got excited about Argonaut once before I remember and that kind of fizzled away. When would you be in a position to say let’s pull the trigger on this. How much research has to be done?

MARK WELLESLEY-WOOD: The research has to be done, seismic work done, further drilling, further feasibility studies – I think that will take three years.

MINEWEB: Three more years from now? Well it’s an exciting prospect looking into the future. When we spoke three months ago you said that you had three big challenges for Durban Deep in this period, in this financial year. The one was to pay a dividend, which we’ve discussed. The other one was to get at those 70m ounces of resources that you have in the ground. Now, have you made any more – of course, this is excluding Argonaut – but have you made any more progress in getting your hands on that gold?

MARK WELLESLEY-WOOD: Yes. Our resource base is up 14%, year on year. Through Crown we’ve got ERPM and that is a sort of out of the money option on the gold price.

MINEWEB: Meaning the gold price must go up before you actually make any money out of it?

MARK WELLESLEY-WOOD: Costs must come down and we have plans in place to achieve that. That’s another 5.5m ounces. So yes, we’re constantly adding to and converting.

MINEWEB: An issue that has been raised, and perhaps you can explain what it is about, is the Eskom hedge. What goes on there? You can often talk to people who’ll say, oh, I don’t like Durban Deep because they’ve got an Eskom hedge which could be a big problem for them. What is it?

MARK WELLESLEY-WOOD: Let me say first it’s not a revenue hedge, it’s a cost hedge. It’s like a swap deal. I’ve got ounces, you’ve got gigawatt hours of electricity that come out of a pipe. I sell you 15,000 ounces and I’ll take 75 gigawatts out of your sockets, transformers and that’s it, it’s a swap. Now the problem with that is that as the gold price rose, the price of my electricity rose by more than electricity prices, so that was not a good thing. So what we’ve done is taken the top off that, we have bought calls against those positions. So, if the gold price goes up from here we do not pay any more under that agreement with Eskom for electricity. If it goes down we get lower electricity prices. So we’ve got the win/win on that. There is not an exposure, this is an off-taker, a consumer with his supplier doing a deal. There’s no bullion banks, no mark to market, there’s no hedges, there’s no funnies.

MINEWEB: But at this point Eskom is smiling?

MARK WELLESLEY-WOOD: Sure, they got the better part of that deal. We got the gold price wrong.

MINEWEB: Just looking ahead for the next quarter, what are your challenges that you’re going to be addressing then?

MARK WELLESLEY-WOOD: Costs, costs and costs. You were right, the theme of this quarter has been costs. Ours were up 9% which I think is broadly in line with what I’ve heard the other producers have got, because we took the 8.5% rise, the annual wage increase. You know, I spoke about costs last quarter, you know we’re taking action with Harmony with the Competition Commission against Iscor, who seem to be making rather a lot of money out of us incidentally by their results today, but I think we have to do this. It’s the same argument on costs as it is about opening those reserves, there’s marginal resources, jobs. I’ve got 22,000 people I employed two years ago, we want to employ 22,000. The same thing with all the other gold mines, we’re not going to give up the territory we’ve now commanded and give it away, we’re going to keep drilling down on those costs.

MINEWEB: And the Iscor confrontation, how is that developing?

MARK WELLESLEY-WOOD: In the hands of the Competition Commission – they’re now the judge and jury.

MINEWEB: have they given you any indication of how long it will be?

MARK WELLESLEY-WOOD: We had a meeting this week, so they’re on the case and I think certainly by December they should have a result.

MINEWEB: Menzi Simelane – is he driving it, the commissioner?

MARK WELLESLEY-WOOD: I don’t know.

MINEWEB: His people?

MARK WELLESLEY-WOOD: Yes.

MINEWEB: Mark Wellesley-Wood, chief executive of gold producer Durban Deep. Menzi Simelane, David Shapiro? You’ve met him a couple of times in the studio.

DAVID SHAPIRO: An impressive man.

MINEWEB: He’s an impressive man and if anyone can get to the bottom of that story, I’m sure he will.

[peter.wedemeier1]

"Positive price action.

There has been an up trend established and market on the chart from a low late July to the recent two lows. MACD is supporting and Momentum is trying hard to make a positive turn."

http://www.financialsense.com/metals/sinclair/tech/review/10…

[jeffery2]

Ich finde nach wie vor diesen Chart viel hübscher.
Hat das etwas mit dem Artikel von Minewb zu tun ?
J2

[ThaiGuru]

Hier noch eine neue Meldung vom 31.10.02 zu DROOY von:

www.lemetropolecafe.com

The South African miners all got a bath. Durbans hardest hit down 6%,GFI -.5%, Harmony and Anglo about flat. Sovereign risk is an issue and bombs going off and Mbeki`s pro-Mugabe outlook may have spooked the market. That’s where the leverage is though people. Take the risk, take the reward(or lack thereof). Durban Deeps is the ultimate leveraged gold play as a million ounce producer, if you have the hankering for Sth Africa! Think worthwhile picking a few up while we are down here at $2.80ish.... Gold at $400 will see DROOY at $20+ (as long as STH Africa hasnt imploded).. in my opinion. As a high cost producer, these guys get you the biggest bang for your buck, as well as a reserve base increase that is phenomenal. Marginal mines are what I want if I expect a gold breakout but balanced with some core blue-chip operations.

[Saccard]

Durban ist kein "1 million oz producer", purer Schwachsinn.

Die Produktion geht in den nächsten Jahren auf 600 bis 700,000 oz zurück, egal was der Goldpreis macht. Die Minen sind eben nicht mehr die besten.

Drooy hat bei 650,000 oz dauerhafter Produktion ein market cap von 450 Mio, dazu Hedgeverluste usw., also min. schon 500 Mio.

Iamgold/Repadre hat im Vergleich bei 450,000 oz Produktion ein market cap von 500 Mio, davon 65 Mio für Diavik, 10 Mio für Royalties, 30 Mio cash und 30 Mio in Gold, also nur ca. 350 mio für 450,000 oz Produktion und hochgerechnet auf 650,000 oz im Vergleich mit Durban auch nur 500 Mio.

Durban ist also auf die Produktion bezogen genau um 0 billiger als Repadre/Iamgold, hat aber trotzdem noch einen größeren Hebel, da man nicht in Diamanten/Cash mitinvestieren muß. Höhere Reserven bleiben auch noch (12,5 mio oz), ob Südafrika aber 20 Jahre Sicherheit bietet, so daß die Reserven abgebaut werden können?

Streben nach Sicherheit (Gold) und Länderrisiko Südafrika passen einfach nicht zusammen. Goldaktien brauchen Phantasie und beim derzeitigen Umfeld in SA wird die nur sehr schwer zu erreichen sein.

Wenn schon riskant, dann lieber Kinross.

Gruß
S.

[ThaiGuru]

@Saccard

Dass Du eine Iamgold/Repadre der DROOY bevorzugst, dagegen ist sicher nichts einzuwenden, da zumindest die IamGold auch von mir geschätzt wird, obwohl die Drooy gerade in USA schon wieder mit 7.5% gestiegen ist, und die IAMGOLD da noch etwas nachhinkt.

Woher Du aber die Zahl von 600000/650000 Unzen Goldproduktion bei Drooy her hast, würde mich doch schon interessieren. Diese Zahl existiert vielleicht nur in Deiner Fantasie?

Die von Dir gemachte Aussage, dass die Drooy Minen nicht mehr das seien was sie mal waren, kann ich nicht erkennen, speziell unter anderem auch darum nicht, weil gerade die Lebensdauer der Blyvoor Mine von 12 Jahren, auf 25 Jahren erhöht werden konnte.

Auch diese kürzlich gemachte Ausage von CEO Mark Wellesley Wood Sagt das genaue Gegenteil von dem Aus, was Du in Deinem letzten Posting hier behauptet hast.

"Executive chairman Mark Wellesley Wood said the company expected an improved cost performance from its North West business unit, the group’s highest yielding operation in South Africa, which produced 131,000 ounces of the total 223,512 ounces for the quarter at $258/oz. “Production was hit by an underground fire and labour unrest with our contractor…we are confident that this quarter will be better and that the cost position will improve significantly,” said Wellesley Wood."

Bereits 721000 Unzen Gold waren es dieses Jahr in den drei letzten Quartalen die produziert wurden, also in den vergangenen 9 Monaten.

Ueber das politische Risiko in Südafrika muss man sich als Anleger im Klaren sein, da hast Du völlig recht. Aber gerade jetzt beim neuerlichen Vorstoss auf die 325.-$ Goldpreis Wiederstandslinie den Zug mit Drooy zu verpassen, würde ich als Fehler betrachten.

Dass Kinross eine Alternative zu Drooy sein könnte, stimme ich mit Dir überein, doch die Drooy zu unterschätzen, wie Du es anscheinend machst, finde ich total daneben.


Gruss

ThaiGuru

[174]

weiss jemand ob und wieviel dividende durban roodepoort zahlt

[talvi]

@ThaiGuru

Frage an WO:
Wiso werden andere User die gegen die Bordregeln von WO verstossen gesperrt, aber dieser Dottore Lupo kann ungeniert, und unbehelligt weiter User beleidigen.


Du bist noch ein Zahn schlimmer.Du verbreites UNWAHRHEITEN über User.

"Alles Orginale vom Dottore Lupo, AliAas Granitbiss, Talvi, DumFuzzi, etc."

Trete den Beweis!

Talvi

[ThaiGuru]

@174

DROOY hatte vor einigen Monaten für dieses Jahr eine Dividende angekündigt, und in Aussicht gestellt.

Das Geschäftsjahr v0n Drooy läuft ende 2002 ab.

Eine evtl. Dividende würde also vermutlich ende Januar 03 angekündigt.

Gruss

ThaiGuru

[ThaiGuru]

http://biz.yahoo.com/prnews/021104/lnm013_1.html

Press Release Source: Durban Roodepoort Deep, Limited


Durban Roodepoort Deep, Limited Convertible Note Issue (`the Issue`)

Monday November 4, 12:22 pm ET


JOHANNESBURG, South Africa, Nov. 4 /PRNewswire-FirstCall/ -- Durban Roodepoort Deep, Limited (Nasdaq: DROOY - News) today announced the private placement of $60 million principal amount of its 6% Senior Convertible Notes due 2006. The private placement is expected to close on November 12, 2002. The Company has also granted the initial purchaser of the notes an option to purchase up to an additional $6 million in principal amount of the notes, exercisable for a period of 30 days following closing of the private placement. The notes will be issued at a purchase price of 100% of the principal amount thereof. If not converted or previously redeemed, the notes will be repaid at 102.5% of their principal amount plus accrued interest on the fifth business day following their maturity date in November 2006. The notes are convertible into the Company`s ordinary shares, or, under certain conditions, ADRs of the Company, at a conversion price of $3.75 per share or ADR, subject to adjustment in certain events. DRD is entitled to redeem the notes at their accreted value plus accrued interest, if any, subject to certain prescribed conditions being fulfilled, after the third anniversary of the closing of the private placement. The Company has agreed to file a registration statement for the resale of the notes, the ordinary shares or ADRs issuable upon conversion of the notes within 90 days after the closing of the offering.

The Company plans to use the net proceeds from the offering for upgrading metallurgical plants and expanding mining operations, mineral exploration and resource evaluation, selected acquisitions of gold producing businesses or companies, capital expenditures designed to reduce production costs and general corporate purposes.

The notes were offered to qualified institutional buyers in reliance on Rule 144A of the Securities Act of 1933 and to non-U.S. persons in reliance on Regulation S under the Securities Act of 1933. The notes have not been registered under the Securities Act of 1933, as amended, and, unless so registered, may not be offered or sold absent registration under the Securities Act of 1933 or an exemption from the registration requirements of the Securities Act of 1933 and applicable state securities laws.

This news release does not constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall there be any sale of the notes in any state in which any such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state. This news release is being issued pursuant to and in accordance with Rule 135c under the Securities Act of 1933.

This press release contains "forward-looking statements." These statements relate to the Company`s intention to consummate the proposed transaction described above and are based on management`s best assessment of the Company`s strategic and financial position and of future market conditions and trends. There can be no assurance that the Company will be able to complete this proposed transaction. The Company disclaims any obligation to announce publicly any revision to any of the forward-looking statements contained in this release, or to make corrections to reflect future events or developments.




--------------------------------------------------------------------------------
Source: Durban Roodepoort Deep, Limited

[ThaiGuru]

Das ist sie, die neue Homepage der Shanghai GOLD Exchange


http://www.sge.sh/

[ThaiGuru]

http://www.goldseek.com/cgi-bin/stocks/news/CliveMaund/10375…



Durban Roodepoort Deep - (SA Gold Stock Update)

By: Clive Maund, Diploma Technical Analysis

After my article on DROOY was posted towards the end of August it advanced to from $3.41 to approx. $4.70, only to turn around and slide back down to big support around $3.00.

This continuation of the corrective phase in force since June went on for somewhat longer than I expected with the correction evolving into a very large symmetrical triangle formation, which I have drawn on both the long-term and short-term charts shown below. Interestingly, a similar large symmetrical triangle formation has also developed in a number of other gold stocks and the major gold share indices. As is clear from the converging lines of this triangle, resolution of this pattern is due soon – in other words a breakout.



I remain bullish of this stock for all the reasons given in the earlier report and therefore expect to see a significant advance to new highs in the not too distant future. Such a breakout implies that gold will succeed in breaking through the big resistance in the $320 - $340 area before much longer.



Durban Roodepoort Deep Ltd, code DROOY (NASDAQ SC)
Closed at $3.45 on 15 November 2002

By Clive Maund, no responsibility can be accepted for losses that may result as a consequence of trading on the basis of this analysis.

Kaufbeuren, Germany, 17 November 2002

[ThaiGuru]

http://www.goldseek.com/cgi-bin/news/GoldAction/1038550501.p…



South African Gold Mines

By: Dr. Clive Roffey, Gold Action

Several analysts have written about Durban Deep, and Bob Chapman in particular slammed the prospects of this mine based not only on his paranoid views of South African politics but also on a supposed hedge book position that was going to drag down the earnings. The fact is that Durban Deep closed out its classic hedge positions some time ago. All that remains is an agreement with ESKOM, the monopoly electricity supplier, in which Durban Deep pays for its electricity on a tariff scale linked to the gold price. This makes sense in the case of the marginal mines whose mining costs are close to the current gold price. In the event of a declining gold price the cost of electricity will reduce. As electricity costs are second to labour costs it is simple common sense to protect ones cost structure.

In the event of a rising gold price the cost of electricity to Durban Deep would climb proportionately. Thus it would make sense to take options on the gold price to cover any increase in electricity costs and to lock them at a set cost should the gold price be expected to rise. This is exactly what Durban Deep has done. Electricity charges to Durban Deep are locked at a tariff level of $320 by the use of derivatives. So Durban Deep does not have a hedged position in the true meaning of the word but has merely acted in a prudent business manner to cap electricity costs. Obviously if, as most analysts expect, the gold price rises above the $320 level then Durban Deep will win hands down.

The development of the Argonaut project in which Durban Deep is investigating the deep level mining of a huge area close to Johannesburg will also add value to this stock once the project takes real shape. At the moment capital is being raised for the feasibility studies. Several novel mining methods are being investigated, one of which makes real sense. They are looking to part beneficiate the ore underground. As shaft haulage is usually the bottleneck in bringing ore to the surface it really does make sense to pump 300 or 400 grams of gold per ton of slimes rather than lift 3 or 4 grams per ton rock. This will not only speed recovery but also substantially reduce electricity and haulage costs per ounce of gold recovered. Once Argonaut becomes a reality it will dramatically increase the life of the mine. As a long term play on a rising gold price I am happy to hold Durban Deep and to buy it at today’s sold off levels.

This is not the only example of good business practice amongst the South African gold miners. Harmony has locked in its Rand / Dollar rate at R11.25 to the dollar for the gold mined from its Free State operations. As the Rand has appreciated dramatically to currently trade at 9.20 to the Dollar, Harmony is winning hands down as it earns R11.25 instead of R9.20 for every dollar of gold it sells from the Free State mines.

I have no hesitation in advising investors to hold DROOY in their long term gold portfolios and once again draw your attention to the Rand Gold Resources (RANGY) cash cow that I have continually analysed in my newsletters. Furthermore I would advise investors to stick to the larger producing mines rather than seeking sudden illusory riches in the illiquid second line exploration companies th at are frequently touted.

If South Africa is about to erupt in political turmoil or slide into the Atlantic Ocean then why has our currency, the barometer of global confidence, been rising dramatically, especially against the Dollar? Any bullish move in the gold price above the $320 resistance will indicate a further loss of confidence in the US economy and currency. But for the Rand it will have a double whammy benefit from a rising gold price and falling Dollar. Very simply, a rising gold price will indicate a contracting US economy and lead to an expanding South Africa.

[ulfur]

DRD birgt für Anleger viele Risiken

Von Wolfgang Drechsler, Handelsblatt

Der schwache Rand und der Anstieg des Goldpreises beschleunigen zuletzt den Turnaround von Durban Roodepoort Deep. Dem Goldproduzenten drohen aber weiterhin Gefahren.





JOHANNESBURG. Als Durban Roodepoort Deep (DRD), Südafrikas viertgrößter Goldproduzent, im Juli seine Quartalszahlen vorstellte, unterlegte er die Präsentation mit dem Jimmy Cliff-Song „I can see clearly now“ – ein Verweis darauf, dass die Bilanz nach dem Abbau aller Goldverkäufe nun direkt an den Goldpreis gekoppelt ist. CEO Mark Wellesley-Wood frohlockte: „Mit dem Abbau der Terminverkäufe, die mächtig auf das Ergebnis drückten, können unsere Anleger nun klar den aktuellen Goldpreis sehen“.
In der Tat stehen bei Anlegern derzeit vor allem Goldkonzerne hoch im Kurs, die ihre Terminverkäufe drastisch vermindert haben. Hatten viele Produzenten bis vor zwei Jahren einen Gutteil des noch im Boden befindlichen Golds im Voraus verkauft, nehmen die meisten jetzt davon Abstand. Gleichzeitig birgt die Strategie, Gold nur noch zum Spotmarktpreis zu verkaufen, erhebliche Risiken: Bei einem Anziehen der Aktienmärkte ist auch ein neuerlicher Rückfall denkbar. Dies würde Firmen ohne Terminverkäufe hart treffen.
Bislang ist die Rechnung des neuen Management aufgegangen: Seit der Trendwende am Goldmarkt vor zwei Jahren hat sich der Kurs der DRD-Aktien mehr als versechsfacht. Neben dem Goldpreisanstieg ist dies dem neuen Management zu verdanken. So wurde die Expansion nach Australien gestoppt; daneben wurden zwei unrentable Minen geschlossen. Heute ist DRD nur noch viermal in Südafrika sowie in Papua-Neuguinea vertreten. Erst im Oktober erwarb der Konzern mit einem kleinen Goldunternehmen eine Mine in Johannesburgs Osten.
DRD ist so optimistisch in puncto Gold, dass der Konzern jetzt sogar ein Großprojekt im Süden von Johannesburg plant. Dort soll auf fast 300 Quadratkilometern die Argonaut-Mine entstehen, die in bis zu 5000 m Tiefe jährlich 1,4 Mill. Unzen Gold fördern soll. Damit wäre Argonaut die siebtgrößte Goldmine der Welt. Eine Entscheidung über die auf rund 1 Mrd. Euro bezifferte Erschließung soll aber erst nach Abschluss einer Durchführbarkeitstudie erfolgen. Beobachter sind skeptisch, da die Mine erst bei einem Weltmarktpreis von 400 $ pro Unze rentabel arbeiten würde.
Mit Stolz verweist DRD darauf, dass es dem Unternehmen gelungen ist, die Kosten pro Unze fortwährend zu senken. Allerdings war ein Gutteil vom Wechselkurs bedingt. Während die Kosten in Rands anfallen, erhalten sie ihre Erlöse in Dollar. Obwohl die Goldförderer gemessen am durchschnittlichen Kurs-Gewinn-Verhältnis von 15 noch immer wesentlich billiger als ihre doppelt so hoch bewerteten US- Rivalen sind, dürfte die Rentabilität wegen des zuletzt wieder erstarkten Rands und wegen der gestiegenen Inflation (November: 12,7%) beeinträchtigt werden. So erhielten Südafrikas Goldhäuser im Dezember trotz des Preisanstiegs auf das Sechsjahres-Hoch von 357 $ weniger als im Dezember 2001.
Anders als die südafrikanischen Marktführer Anglogold und Gold Fields, die hohe Dividenden zahlen, werden die Aktionäre von DRD noch auf solche Sonderzahlung warten müssen. Wenn es aber dazu kommt, will DRD die Dividende in reinem Gold ausschütten.

HANDELSBLATT, Freitag, 17. Januar 2003, 09:05 Uhr

[dr.gips]

eine dividentenzahlung war doch schon länger angekündigt--oder etwa nicht???

[svc]

"Wenn es aber dazu kommt, will DRD die Dividende in reinem Gold ausschütten."

ÄÄhh??? wie geht denn sowas?

svc

[jaycee1]

@#92
jeder bekommt nen Sack Goldstaub zugeschickt
;-)
Gruss,
Jay

[ThaiGuru]

http://www.321gold.com/editorials/roffey/roffey032503.html

On Durban Deep

Dr Clive Roffey
March 25, 2003

In view of the whole mess surrounding Durban Deep I thought I would concentrate today`s analysis on this share.

Frankly I am not concerned with the claims of insider trading and the counter claims, or with the Kebble versus Durban Deep management row. Of far greater concern are the gold price and the proposed new Mineral and Petroleum Royalty Bill that seeks to impose a royalty from 2% to 8% on the revenues of mining groups. Gold has a proposed levy of 3% with coal at 2% and diamonds 8%. As this levy is a subtraction from earnings it will be tax deductible.

Shareholders should note that the current proposal is just a draft for comment and Government has given the mining industry a month in which to reply with counter proposals. The predictable furore that accompanied the release of the proposed Bill was a typical emotional investor response led by panic sales of the share out of the US.

One of the critical aspects of the royalty proposals that will directly affect the fortunes of Durban Deep is the statement that there will be exemptions for marginal companies that would otherwise have operating margins decimated by the imposition of the new levy. The Government`s statement "The purpose of this exemption is to ensure that the royalty does not force the closure of low-grade mines, thereby causing a loss of employment," is self explanatory.

Durban Deep is a marginal mine. It needs a gold price of at least $350 to break even. Before you rush out to sell the stock at the current $330 gold price consider this. Durban Deep opened for mining in 1886. It has been an operational mine for 117 years, the last 50 of which it has been a marginal mine with exactly the same problems in terms of the gold price as it is facing today. It has survived innumerable attempts by hysterical analysts to write it off.

As a marginal mine Durban Deep will probably BENEFIT from the exemptions contained in this new Bill. Whereas the large non marginal mines will be subject to the finally agreed royalty, Durban Deep could end up being exempt or with a much lower royalty and far better off than its competitors in the South African gold mining industry.

A gold price under $350 tends to accelerate the downside in the share price of Durban Deep whilst bullion above $350 speeds the upside. My analysis of the gold price is a run to $435 followed by a kick to $570 and a final surge to $680 as the stages for the next major upside leg of this massive long term bull market. As far as I am concerned we have just completed the first upward thrust and first corrective phase that started in May last year. We should now enter the second upward stage of the bull run that should continue through to this time next year. Make no mistake this is a huge bull market in bullion.

In early 2001 I gave Durban Deep at R5 as my pick for the year on Alec Hogg`s business radio show. I was ridiculed. It went up ten fold to R50 within 18 months. I am again stating that I look to Durban Deep as the best buy in this gold market with an upside potential of at least 500% over the next 12 months.

Once the gold bullion price commences the blast off from its current $325 platform, and looks like shooting through $350, all the negativity surrounding Durban Deep and the royalty bill will suddenly dissipate.

I am looking for a vicious up move in the gold price in the near future to attack the $400 level before mid year!! We are not dealing with a passive animal but a latent serpent that will strike very quickly. Manipulators of the gold price beware!!

If you want to make real money in the next 12 months climb into Durban Deep.

Dr Clive Roffey
Gold Action
March 25, 2003

website: www.utm.co.za
email: [e-mail]



--------------------------------------------------------------------------------
321gold Inc Miami USA

[hpoth]

Vor einigen Wochen habe ich etwas ähnliches berichtet,
Drooy hat sehr alte Minen und brauch viel höhere Goldpreise
um zusteigen,Doory ist nur als Hebel auf höhren Goldpreisen
zu sehen, ansonsten steht es nicht so toll bei dieser Mine.
gruß hpoth

[Saccard]

Meine Güte, es ist doch nicht schwer.

Drooy = Schrott, schon immer gewesen. Eben ein marginal producer.

Nur eben heißt Schrott nicht, daß man kein Geld verdienen könnte.

Zwischen Fundamentalsituation und Gewinnmöglichkeit ist die Bewertung geschaltet. Nur wenn es da stimmt klappt es mit den Gewinnen. Die Fundamentaldaten sind vielleicht gar nicht soo schlecht wie Durban im Moment gemacht wird.

Wer sich mit SA auskennt, weiß daß quasi seit Jahrzehnten kommunismus herrscht. Je höher die Gewinne, desto höher der Steuersatz, je kleiner desto geringer. Verlustminen wurden früher aus den Steuern der guten Minen subventioniert. Anscheinend bleibt das auch in Zukunft in (sehr) abgeschwächter Form so.

@Thaiguru
Die Produktion wird in den nächsten Jahren mit Sicherheit fallen, die Minen werden ja nicht jünger. Man sieht ja, daß die Kosten ähnlich schnell steigen wie die Goldpreise. Durban kann mit extrem hoher Sicherheit 600 bis 700,000 oz produzieren (wurde von Durban vor Jahren mal so prognostiziert falls ich mich nicht irre). Darüber wird`s langfristig kritisch. Kann sich natürlich alles ändern (zumal die Minen/Operationen bei Durban ja nicht mehr die gleichen sind, siehe Crown).

Gruß
S.

[ThaiGuru]

@Saccard

Dass wir beide eine etwas andere Ansicht zu DROOY haben, damit müssen wir wohl leben.

Du hattest letzes Jahr auch schon geschrieben dass DROOY massiv weniger Gold produzieren werde. Es ist nicht ganz so eingetreten wie Du befürchtet hast. Dass DROOY nicht mehr die jüngste Mine ist, ist ja klar. Dass DROOY dies nicht selbst weiss, und einfach darauf wartet, dass die Produktion zurückgeht auf 600000 bis 700000 Unzen wie Du vermutest, glaube ich weniger.

Für Schrott wie Du schreibst, halte ich DROOY bestimmt nicht. Als ich DROOY selbst bei ca. 67 Cents pro Aktie kaufte hiess es DROOY wäre faktisch Konkurs, als ich DROOY zum erstenmal im Board bei ca. 1.50 Dollar zum Kauf empfahl, hiess es Risiko pur. Als sie dann auf 6.- Dollar stieg, wurde es ruhigiger.

Danach kam die Aufwertung des Rand, der Streik mit den darauf folgenden Lohnerhöhungen, der Abbau der Gold Hedge Positionen mit ihren daraus resultierenden hohen Kosten, die neuen Minen Gesetze der SA Regierung, nun die Diskusion einer neuen Steuer auf`s Gold von 3%, die Goldpreismanipulation, mit fallenden Goldpreisen von 390.- auf 322.-, und die riesigen Shortpositionen bei DROOY. Das alles hat, und wird DROOY verdauen, und sich dabei finanziell weiter positiv entwickeln.

Nein, Schrott ist DROOY m.M.n. sicher nicht, im Gegenteil. Drooy hat ein gutes Management, seit die Kebbels drausen sind. DROOY ist für mich eine Aktie mit riesigem Hebel auf einen steigenden Goldpreis, und der wird mit Sicherheit kommen.

Gruss

ThaiGuru

[manfred1_I]

Bei bis zu 2 Bio. Dollar möglichen Kriegskosten
sollte der Goldpreis bald steigen.
Für Durban dürfte es dann wieder besser aussehen.

[Trendseeker]

Oh, oh, oh !

Ich hoffe mal ganz schwer, dass bei drooy nicht was im Busch ist und die heutigen Eröffnungskurse nur gute Einstiegskurse sind. 60 min Stochastic klebt am Boden, aber das ist (mitunter leider) kein zwingender Indikator für demnächst steigende Kurse, sondern oft gerade ein Anzeichen für einen relativ stark ausgeprägten Trend.

Mein Gefühl im Bauch ist jedenfalls so schlecht, dass eigentlich alles für steigende Kurse spricht.

Trendseeker: Kaufen, wenn`s weh tut.

[niemandweiss]

beispiellose Tradingmine, absolute

Kaufchance

[ThaiGuru]

@Trendseeker

Deine Gedanken waren wohl die richtigen!

Drooy heute trotz nur leicht gestiegenem Goldpreis, um
schöne 11.11% gestiegen.

@niemandweiss

Wurde auch langsam Zeit, dass DROOY wieder steigt.
Dein Chart gefällt mir, vor allem der rote Pfeil nach oben.

Gruss

ThaiGuru

[Basic]

Der Anschub kam von mir und meienem Freund Putin, hab bei 2,04 EUR kräftig nachgeladen
Dan kamen noch ein 2 spannende Stunden stagnation und dann ab die Post.

Putin hat gesagt Russland ist Europa! Wenn Russland Eropa ist, ist auch russisches Erdöl europäisch


Wenn eurpäisches Öl für EUR verkauft wird ist das ganz normal oder?

Sollte da jemand was dagegen haben greift er Europa an und nicht Russland.

Plitsches Kerlchen dieser Putin, gut für Gold, gut für Durban

Basic

[howling wolf]

da wird es ja nicht mehr lange dauern, bis die "Achse des Bösen" um Russland ( Europa ?? ) erweitert wird.

hw

[Basic]

Na ja, ganz so einfach wird das nicht sein, aber es wird Zeit, das wir eine eropäische Unabhängigkeitserklärung bekommen.

Das größte Problem dürfte dann sein, wo wir unsere Freiheitsstatue aufbauen

Basic

[ThaiGuru]

http://biz.yahoo.com/pz/030409/38846.html

Press Release Source: Durban Roodepoort Deep

DRD Sets Record Straight on Production for March 2003 Quarter

Wednesday April 9, 12:35 pm ET

JOHANNESBURG, South Africa, April 9, 2003 (PRIMEZONE) -- Following public speculation that the gold production of Durban Roodepoort Deep, Limited, (DRD) (NasdaqSCROOY - News) for the March 2003 quarter may be substantially below par, the company has decided it prudent to release its production figures for the quarter, ahead of the release of its full operating and financial results on Tuesday, April 29, 2003.

Attributable group gold production for the March 2003 quarter, compared with December 2002 quarter and with the March 2002 and December 2001 pro-forma quarters (adjusted to reflect the sale of 60% of Crown), but excluding the attributable gold production from the recently acquired 19.8% shareholding in the Australian listed Emperor Gold Mines Limited are as follows:



Quarter December 2001 March 2002 % Variance

Total production 7 713* 7 075* - 8
(kgs)

Quarter December 2002 March 2003 % Variance

Total production 7 006* 6 501* - 7
(kgs)

*40% of Crown Gold recoveries

The main reasons for the 7% decline in production between the December 2002 and March 2003 quarters include:



-- downscaling of the open-cast operation at the company`s North West
Operations;

-- a power failure and consequent 11-day interruption of pumping and
production at Buffels` Pioneer Shaft: and

-- the continued effect, into the March quarter, of the seismic event
on the Harties 6 Shaft pillar in the December quarter (reported in
the company`s results for that quarter).

On 19 March 2003, DRD announced that its March 2003 results would be affected by the strengthening of the South African Rand against the US Dollar and, to a lesser degree, by the four-week fire at the company`s 40% held ERPM gold mine.



Contact:
Durban Roodepoort Deep, Limited
Ilja Graulich
[phone]
[phone] (mobile)

Russell & Associates
James Duncan
[phone]
[phone] (mobile)


--------------------------------------------------------------------------------
Source: Durban Roodepoort Deep

[blb]

Meinungen zu den News?

[jeffery2]

Also die Meinung in der Sunday Times ZA vom vorletzten Sonntag war in etwas so, Finger weg. Die ewigen Querelen im Vorstand tun der Company nicht gut. Bespitzelungen und so weiter.....irgend etwas ist faul, wörtlich ein Analyst zitiert, wo Rauch ist, da ist auch Feuer.
Das Horrorszenario der Leute dort ist, dass die Amis, die den Grossteil der ausl. Investoren stellen, plötzlich keine Lust mehr auf das Papier haben. Da könnte ein schräger Kommentar in irgendeiner Gazette reichen, und dann diese elenden Kebbel´s, die wohl dort in jede Ecke schei.....nbar mitmischen.
Es gibt auch ander GM´s, aber wer gerne spielt ist hier wohl gut aufgehoben.
Viel Glück für die Investoren.
J2

[Jens1971]

Ich finde die News positiv.So werden sie wohl auch bei den Amis aufgenommen.Drooy hat einen starken Hebel und bei steigenden Goldpreis wird Drooy sicherlich schön steigen.Man muß auch bedenken,das die ja auch ganz schön eingebrochen waren.Drooy stand vor einigen Monaten bei 5,50$ bei einem Goldpreis von 330$/Unze.

[ThaiGuru]

[ThaiGuru]

Die Gewerkschaft verlangt 20% mehr Gehalt!

Verhandlungen stecken in einer Sackgasse!

Diese Meldung dürfte der Hauptgrund dafür gewesen sein, dass DROOY gestern im Gegensatz zu den beiden grösserenn Minen Harmony und Gold Fields preislich enttäuschte. Trotz einem gestiegenem Goldpreis.

Gruss

ThaiGuru



http://biz.yahoo.com/pz/030630/42077.html

Press Release Source: Durban Roodepoort Deep

Durban Roodepoort Deep, Limited: DRD/NUM Wage Negotiations DeadlockMonday June 30, 12:49 pm ET

JOHANNESBURG, South Africa, June 30, 2003 (PRIMEZONE) -- Wage negotiations between Durban Roodepoort Deep, Limited (DRD) (NasdaqSCROOY - News) (LondonURJQ.L - News) and the National Union of Mineworkers (NUM) deadlocked today (Monday, June 30, 2003).

While agreement has been reached in respect of several non-wage related issues including health and safety benefits for women, a bargaining council and elimination of contractors, the parties were unable to agree an increase in basic wages.

DRD`s current three-year wage offer is based on operational performance and affordability at its various mines. The company today improved its wage offer, tabling a 2% increase at Hartebeestfontein, 4% at Buffelsfontein and 4% at Blyvooruitzicht.

The company also put forward a proposal to narrow the wage gap between Blyvoor and Buffels and the higher-paying Harties operation.

In addition, a proposal has been tabled that would allow all category 3-8 employees to share in any increase in the received rand gold price over a sustained period.

So far, the NUM has not moved from its original demand for a 20% wage increase.

The Commission for Conciliation, Mediation and Arbitration (CCMA) will now be approached by the NUM for assistance in reaching an agreement between the parties.

Negotiations between DRD and the NUM take place independently of those between the Chamber of Mines and the union. Negotiations between the Chamber and the NUM deadlocked last week.



Contact:
Durban Roodepoort Deep, Limited
Ilja Graulich
27 11 381-7800
27 83 604-0820 (cell)

Roth Investor Relations, Inc.
Michelle Roth
[phone]

[Indexking]

Last:
2.74 Change:
+0.22 Open:
2.58 High:
2.74 Low:
2.57 Volume:
2,489,938
Percent Change:
+8.73% Yield:
n/a P/E Ratio:
n/a 52 Week Range:
2.11 to 4.72




DER KING

[ThaiGuru]

Heute wieder voll dabei!

Last Trade
4:00pm · 2.74 Change
+0.22 (+8.73%) Prev Cls
2.52 Open
2.58 Volume
2,497,438

[Basic]

Netter Anfang

[manfred1_I]

Die Sache mit der Lohnerhöhung war anscheinend eine
Eintagsfliege.
Auch Durban geht wieder seinen Weg.

[sigy]

Hallo Drooy Aktionäre !
Vergleicht mal die Charts von Drooy und Western Areas
(854633). Oder mit GFI und HMY.
Die meisten Marktteilnehmer scheinen der Verkaufsempfehlung
von M. Siegel für Western Areas nicht folge leisten zu wollen.

[Indexking]

so es war heute an der Zeit meine Gold-Positionen zu stärken



Kauf Durbaan 865260



DER KING



ich habe es im Gefühl hier gehts bald geschwind Richtung 400 $ und noch sehr weit darüber




sehr verdächtig daß zur Zeit die nordamerikanischen Minen auf Teufel komm raus Ihre grßen Vorwärtsverkäufe abbauen


Newmont hat schon einen großen Teil abgebaut
und Barrick gibt Anleihen aus von bis zu einer Milliarde Dollar
_________________
DER KING

[hpoth]

@ Indexking Also so schnell werden wir die 400 nicht schaffen, Hauptwiederstand liegt bei 380 und 414 $
Gold läuft in einem Dreieck von 320 und 370 zusammen, die 50ig% Korektur lag bei 345, wichtig und entscheidend war der Durchbruch durch die 330.Im Nachmittagsfixing müssen aber jetzt die 383 erreicht werden und auf Monatsschluß die 370,dann sind höhrer Goldpreise drin,daß´brauch aber noch Zeit im Handumdrehen gehts jedenfalls nicht.grußhpoth

[bluemoons]

Compare with Durban Deep, which shows a wave development similar to the HUI




Like the DOW Durban Deep shows double peaks at major inflection points and wartimes.

Like the DOW the sub-cycle compresses during high angular momentum (at base of cycle) and at wartimes.

Durban Deep looks like going up 3-4 times from here in the emerging wave up.

Note - the highest angular momentum is where the price level is most stable - at the turn-around points.

http://www.contrarianthinker.com/dow_in_focus.htm

[Indexking]

Last:
2.60
Change:+0.07
Open: 2.53 High: 2.60 Low: 2.46
Volume:
2,300,057
Percent Change:
+2.77% Yield:
n/a P/E Ratio:
n/a 52 Week Range:
2.11 to 4.72




schließt auf Tagshoch



DER KING



die Zeit wird kommen

[ThaiGuru]

Nicht verzagen ThaiGuru Fragen!

Wo steht der Aktien Preis einer Durban bei einem Gold Preis …

Antwort:



http://www.zealllc.com/commentary/dynamite.htm

[ThaiGuru]

DROOY ist heute übrigens, trotz 8.- $ Gold Abverkauf gestiegen!!

DURBAN DEEP (NasdaqSCROOY)
Last Trade
4:00pm · 2.46 Change
+0.01 (+0.41%) Prev Cls
2.45 Open
2.45 Volume
1,518,214

Day`s Range
2.36 - 2.50

[ThaiGuru]

Damit dieser Tread nicht auch noch nächstens in der WRubrik historischer Thread versinkt!