PLACER DOME (PDG) - 500 Beiträge pro Seite

[peter.wedemeier1]

Sich ein Portfolio mit Goldaktien aufzubauen ist ein effektiver Weg um die massive Geldinflation zu bekämpfen. Die FED hat das dämlichste dafür getan die Geldinflation zu bilden.

peter.wedemeier1

[Guru-Schreck]

Wer von euch kauft Gold wegen der massiven Geldinflation ?
Ich jedenfalls nicht.

[jeffery2]

Peter, das ist kein Spass, mach mir nicht auch noch das Gold kaputt. Du hast irgendwie die Seuche, wenn das ansteckt.
J2

[peter.wedemeier1]

Long Position geschlossen.

peter.wedemeier1

[puhvogel]

Das nenn ich strategische Investition

[peter.wedemeier1]

Bin wieder Long.

peter.wedemeier1

[peter.wedemeier1]

Wird Placer Dome von Barrick Gold übernommen? Lt. einer australischen Quelle von Bloomberg könnte dieses stimmen?

peter.wedemeier1

[peter.wedemeier1]

Melbourne, June 19 (Bloomberg) -- Placer Dome Inc., which is trying to acquire Sydney-based gold producer AurionGold Ltd. for $1.1 billion, may be a target for bigger rival Barrick Gold Corp., the Australian Financial Review reported. Toronto-based Barrick, the world`s second-biggest gold miner, sent a team of executives to Australia to examine information on mines Placer and AurionGold own in joint ventures, the newspaper reported, citing an unnamed person close to the companies. Credit Suisse First Boston is advising AurionGold. Canada`s Placer wants to buy AurionGold to become the world`s fifth-biggest gold miner and to combine their stakes in the Granny Smith mine in Australia and Porgera in Papua New Guinea. The most likely company to make a rival bid for AurionGold is a third Canadian miner, Goldcorp Inc., the Financial Review said, quoting J.P. Morgan Chase & Co. analyst Geoff Breen. Placer has $433 million in cash available to sweeten its offer, the newspaper said, citing Breen.

[peter.wedemeier1]

Gold ist fertig zu explodieren!
Ernste Buchhaltungsprobleme und Unternehmensskandale in den USA (Enron,Worldcom,wer ist der nächste?). Eine Menge von Big Caps haben dieses Problem. Wenn der nächste Skandal ans Tageslicht kommt, dann könnte ich mir gut vorstellen, das der Markt einmal richtig crasht! Der letzte Ausverkauf war meiner Meinung nach noch kein richtiger Crash. Es muß an einem Tag bei dem DOW und der Nasdaq um ungefähr 10% runter gehen, damit es ein richtiger Crash ist.

peter.wedemeier1

[peter.wedemeier1]

Die Shorts bei PDG haben in den USA schon am Freitag begonnen sich einzudecken und sie werden sich auch heute weiterhin eindecken. Sieht so aus wie der Boden von der Trading Range und dem psyschologischen Unterstützungsniveau. PDG ist zusätzlich sehr überverkauft.

peter.wedemeier1

[peter.wedemeier1]

Das Gap ist geschlossen. Könnte sein das das Tief bei $10,34 getestet wird. So kann man bei $$10,34, $10,35 , $10,36 spekulativ seine Kauforders platzieren. Es ist der Boden von der Trading Range.

peter.wedemeier1

[peter.wedemeier1]

Kauft niedrig, verkauft hoch!
Sieht so aus wie ein hart geschlagenes Goldspiel, welches eine Rallye machen könnte. Gold sollte mittel- langfristig sich gut eintwickeln und PDG sollte daran teilnehmen. Ein großer Gold Produzent.

peter.wedemeier1

[peter.wedemeier1]

Ich mag sie!
PDG eine andere Aktie in dem Goldsektor, die zuletzt einen Pullback hatte.

peter.wedemeier1

[peter.wedemeier1]

Überverkauft und in einem Aufwärtsdreh.
PDG ist sehr überverkauft und der Minensektor hat in den letzten Tagen einige positive Momente gesehen.

[peter.wedemeier1]

Der Rauswurf aus dem S&P 500. Dieser passierte, weil PDG ein kanadisches Unternehmen und smoit ein ausländisches Unternehmen ist. Dieses könnte man als eine Kaufgelegenheit ansehen da sich der Kurs bald erholen wird. PDG wird um die $10,- konsolidieren. Die Unterstützung sind die $10,-.
PDG ist eine gehedgte Goldaktie und sollte sich bei dem gegenwärtigen Goldpreis gut entwickeln. Dieses gibt außerdem den Fonds Zeit und Gelegenheit PDG zu kaufen.
Alle Goldaktien werden nach oben rennen, sobald der Widerstand bei $330,- gebrochen ist. Goldminenaktien werden nicht auf der Basis vom S&P Listing bewertet sondern aufgrund des Goldpreises und der Goldpreis wird steigen.
PDG ist ein gutes Value Play!!!

1 x 1 für neue Investoren in diesem Sektor:

Goldinvestoren müssen als erstes verstehen, das Goldminen ein hohes leveraged zu dem Goldpreis haben. Goldminen haben sehr hohe Fixkosten, über diesen Kosten ist alles Gewinn.
Beispiel: Viele Goldminen haben total production costs (nicht: cash costs) von irgendwo $270,-/oz. Wenn das Gold bei $272,- ist, haben sie einen Gewinn von $2,-/oz für jede Unze, die sie produzieren. Aber wenn das Gold bei $290,-/oz ist, dann springt Ihr Gewinn auf $20,-/oz (eine 900% Steigerung). Dieses Beispiel vermutet kein "Hedging".

Du solltest nun deine kostbare Zeit damit verbringen auf die Quartalsberichte von den Goldminen zu sehen und um zu kalkulieren die immense Steigerung bei den Gewinnen, die Sie zeigen werden bei einem Goldpreis bei $300,-/oz, $315,-/oz, $330,-/oz, $340,-/oz, $400,-/oz, $1000,-/oz, $2000,-/oz.
Für viele von den Goldminen werden Gewinnsteigerungen von über 300% leicht erreichbar sein in diesem erstem jahr von höheren Goldpreisen. Die kleinen Goldminen (z.B.: Crystallex (KRY)) werden die größte Gewinnsteigerung sehen, denn sie sind gewöhnlich die die den größten Leverage zum Goldpreis haben. Der ganze Sektor wird Gewinnsteigerungen sehen von 100 - 2000% dieses Jahr. Du wirst sehen PE`s von Goldminen, gekürzt um einen Faktor, von 10 mit dieser Gewinnsteigerung.

Irgendwelche Kommentare über Goldminenaktien sie seien teuer sind falsch. Du kannst diese Minenaktien nicht ohne den Goldpreis, und wo sich dieser befindet, analysieren. Die Analysten halten sich zurück, weil sie die Dinge verlangsamen wollen, damit Ihre Firmen ganz in Ruhe mit großen Kauforders zum Zuge kommen können. Wenn du meinst, mein Zynismus ist fehl am Platz, denn frage dich bitte mals selbst, warum es dort so gut wie keine Upgrades von den Analysten für Minenaktien gibt, obwohl es der am besten performende Sektor seit über einem Jahr ist. Goldman sachs stufte sogar Gold (das physische Metall) und Placer Dome (PDG) Anfang Januar herunter. In der Zwischenzeit, konnte man auf den Websites, die über institutionelle Holdings berichten, wie die Nasdaq Website, riesige institutionelle Käufe bei den Goldminenaktien sehen.

Traditionell versucht der Hauptstrom zu vermeiden etwas über den Goldsektor zu bringen. Wenn Sie etwas bringen, dann präsentieren sie oft negativen Spinnkram von den bullion banks. Die bullion banks wollen nicht, das das Gold nach oben geht, weil die meisten von Ihnen Short sind.

Außerdem ist es wichtig, das Potenzial bei den Dividenden zu kennen. Goldminenaktien habe eine Geschichte im Bezahlen von den höchsten Dividenden in der Geschichte (wenn Ihre Gewinne gestiegen sind). Die südafrikanischen Minen (GFI, HGMCY, DROOY, RANGY) zahlen die höchsten Dividenden. Gold Fields (GFI) zahlt 50% von Ihren Gewinn als Dividende aus. Diese Tatsache wird dokumentiert in Ihren letzten Quartalsberichten.

Es ist auch wichtig zu verstehen die Marktkapitalisierung. Die gesamte Marktkapitalisierung von allen Goldminen gehandelt an allen 3 US-Börsen beträgt nur ungefähr §80 billion. Ein einfaches Techunternehmen wie AOL hat eine höhere (!) Marktkapitalsierung wie die gesamte Goldminenindustrie. Dieses bedeutet, das gerade kleine Kapitaleinflüsse in diese Sektor explosive Steigerungen bei den Goldminenaktien generieren.

Die folgenden Websites sind hervorragende Informationsquellen.
Lest die GATA messages (Yahoo Groups), es wird dir ein gefühl dafür geben wie Gold bewußt lange Zeit unten gehalten wurde (Goldpreismanipulation) und wie kraftvoll es jetzt nach oben steigen wird. (Lese auch die Posts von 1 - 2 Jahren zurück.) Die Tocqueville Website ist auch großartig, dort gibt es 7 Brainstorms über Gold.
-------------------------
GATA messages (link von der GATA Hauptseite)
USA Gold (Daily Report & Gold Discussion links)
Gold Eagle (Digest & Forum Links, 50 Millionen Treffer seit Einführung)
321 Gold
Kitco (aktuelle Goldpreise und historische Goldcharts)
The Bullion Desk ( Newswire Link)
Prudent Bear
Seabridge Gold Dot Net (The Case for Gold)
Tocqueville (Brainstorms / Sie haben auch einen guten Gold Fond)

Habe ich irgendwas übersehen? Wer hat außerdem noch Anregungen für neue Investoren in diesem Sektor?

peter.wedemeier1

[peter.wedemeier1]

Am Freitag hochgestuft von Buy auf Strong Buy von CIBC World Markets mit Kursziel $18,-.

peter.wedemeier1

[Martok]

Die Umsätze haben in letzter Zeit stark amgezogen, das ganze bei fallenden Kursen und STEIGENDEM Goldpreis. PDG ist sogar im prozentualen Vergleich mit dem Goldpreis ein erschreckendes Beispiel an Underperformance. Hat jemand Neuigkeiten, woher dieser unbefriedigende Kursverlauf kommen könnte?




Gruss
Martok

[peter.wedemeier1]

Am Freitag, den 19.07. wird PDG aus dem S&P 500 entfernt, weil es ein kanadisches Unternehmen ist. Ebenso werden Inco, Alcan und ein paar andere Unternehmen aus dem Index entfernt. Ich denke, das wir einen schönen Aufschwung bei PDG sehen werden, nachdem die Index Fonds ihr verkaufen beendet haben.

[Martok]

Das mit dem S&P war mir auch bekannt, allerdings entschuldigt das nicht diese Underperformance über die letzten MONATE! Hier muß noch etwas anderes dahinterstecken!

[peter.wedemeier1]

Diesen dip würde ich ausnutzen um die Position aufzustocken.
Der Aurion Deal könnte dahinter stecken, aber dieser wird positiv für PDG sein.

[peter.wedemeier1]

$10,- ist eine starke Unterstützung. Ich denke PDG sollte eher bei $22-23 sein., da es ein gutes Value Play ist. Etwas enttäuscht kann man sein, das sie vom Kurs nicht eng bei NEM stehen.

[peter.wedemeier1]

Australia`s AurionGold:FY02 Gold Output 1.017 Million/Oz Dow Jones Updated: Wednesday, July 17, 2002 02:53 AM ET

SYDNEY -(Dow Jones)- AurionGold Ltd. (A.AOR), Australia`s largest listed gold miner, said Wednesday that attributable production from all sources for the year ended June 30 totaled nearly 1.02 million troy ounces.

The production came from output attributed to the combined entities of Delta Gold, Goldfields and AurionGold, said AurionGold, which was formed by the merger of Delta Gold and Goldfields.

AurionGold also said it will release its 2001-02 results during August, with an expected net profit of A$63 million, which would be line with the forecast provided in the target statement of June 26.

AurionGold is the largest listed gold miner on the Australian Stock Exchange, replacing Normandy Mining Ltd. after the latter`s takeover by U.S.-based Newmont Mining Corp.

AurionGold itself is a takeover target of Canada`s Placer Dome Inc. (PDG).

[Martok]

So, jetzt kann man bei PDG langsam wieder ans einsteigen denken, sollte aber bei einem anziehenden Goldpreis nicht mit exorbitanten Kurssteigerungen rechnen!

[peter.wedemeier1]

So, while stocks in other sectors were falling yesterday, gold producers gained ground in Toronto.

Barrick Gold Corp. rose 58¢ to $27.05. Placer Dome Inc. gained 39¢ to $16.60. The TSX sub-index of gold stocks was up 1% overall.

Yesterday`s growth came despite the fact it was Barrick`s and Placer`s last day in the benchmark S&P500 index.

The two largest gold producers are among the five Canadian companies dropped from the index to make it exclusively American.

"Gold is becoming a more viable alternative, especially considering low interest rates and falling stock markets around the world," said Mark Rzepczynski, president of John W. Henry in Boca Raton, Fla.

Placer needs every boost to its share price it can get as it forges ahead with its hostile, all-stock takeover bid for Australia`s largest gold producer, AurionGold Ltd. Aurion has attacked Placer`s offer because it contains no cash component and because Placer`s shares has fallen about 30% since the bid was made May 27.

[Martok]

So, Placer ist jetzt wieder am oberen Ende des kurzfristigen Abwärtstrends angekommen. Sollte dieser gebrochen werden ist die ein Einstiegssignal.
Riesige Umsatzspitze am Freitag in NY!!!

[Martok]

Und abgeprallt an der oberen Bergrenzung des Abwärtstrends:


Das chartttechnische Szenario hat sich nun deutlich eingetrübt. Auch Kurse um das ATL bei 7,25$ sind nun wieder im Bereich des möglichen!

Mich würde hierzu wirklich die Meinung von peter.wedemeier interessieren.

Gruss
Martok

[peter.wedemeier1]

$10,- ist eine starke Untersützung. und es sieht so aus, als ob die letzten Ratten Ihre PDG`s verkauft haben. Nun kann PDG wieder steigen!

peter.wedemeier1

[peter.wedemeier1]

Long Position geschlossen.

peter.wedemeier1

[Martok]

Irgendetwas gefällt mir gar nicht. Die Märkte auf Talfahrt und Gold fängt auch noch an zu crashen. Der Ausbruch des HUI durch die 120er-Marke nach unten werte ich als äusserst negativ:



Mein kurzfristiges Szenario: Fall bis in den Bereich von 90 Pkt., Aufwärtsimpuls bis 100Pkt, danach weiterer Fall bis in die Region 75-80Pkt.

[peter.wedemeier1]

Long Position eröffnet.

peter.wedemeier1

[peter.wedemeier1]

Zu diesem Kurs ist Placer Dome eine gute und seltene Kaufgelegenheit. Placer Dome ist eine gute Value Aktie. Und wenn die Konsolidierung in dieser Industrie weiter geht, könnte PDG zum Übernahmekandidaten werden. Die Dow Jones Aktien werden sehr bald einen weiteren Schlag erleben. Leute kauft Goldminenaktien. Das ist das Investment im Moment.

peter.wedemeier1

[peter.wedemeier1]

Bricht auf nach oben, weg vom Boden. Das MACD-Histogramm wird positiv.

peter.wedemeier1

[peter.wedemeier1]

Bullion off scrap heap
By YVONNE BALL
August 05, 2002

DISPLAYING perfect timing, gold has kicked higher just as a record 1000 delegates have converged on Kalgoorlie for today`s annual Diggers & Dealers talkfest.

After a dismal two weeks, bullion prices rose $US3 in New York to $US309 an ounce on Friday, still well down on the year`s high of $US330 but up on last week`s low of $US301.50.

A combination of factors have underpinned the metal`s resurgence this year, including a weaker US dollar, economic uncertainty amid accounting scandals in the US, equity market weakness as well as tension in the Middle East.

According to analysts, gold is at a critical juncture with the next few weeks crucial to its medium term outlook.

Representatives of some of the world`s biggest gold houses as well as the junior explorers will no doubt talk up gold`s prospects in Kalgoorlie over the next few days.

South African mining giant AngloGold has already started, saying in its June quarter report last Wednesday that favourable market circumstances for gold remain firmly in place and "should continue to support the price of gold going forward".

Many commentators seem to agree, with renewed US dollar weakness and soft equity markets expected to underpin support for the precious metal.

The forum`s 36 presenters and 104 exhibitors will also be selling their own stories to investors.

Following the industry`s rapid round of consolidation, AngloGold and other offshore giants, such as Barrick Gold and Newmont Mining, which recently took over Normandy, will attract plenty of interest, as will AurionGold and its predator, Canada`s Placer Dome.

But despite the weaker gold prices in recent weeks, it is unlikely any of the record number of delegates will make way for the 50 hopefuls on the waiting list, particularly given that organisers have ordered in 8000 beers, 250 bottles of Moet Vintage, 2500 bottles of fine wine and 6000 kilograms of food.

Herald Sun

[peter.wedemeier1]

THE INDUSTRY ABANDONS "HEDGING"

You know from my past commentaries and reporting on gold that the practice of central banks’ selling or leasing gold to various parties--who, in the case of leased gold, then sell it in the hopes of buying it back at a lower price later--was the chief factor in gold’s bear market declines. A close second, however, was the somewhat similar practice on the part of major gold producers to sell gold still in the ground, in order to lock in a certain price. Generally, the practice known as "hedging"--which took a few different forms, some of which were highly speculative--served to short-circuit any rallies in the gold price. It seemed that any time gold would get some traction, one or more big producers would "forward sell" large amounts of gold. In effect, this was their own vote of "no confidence" in gold’s ability to move higher, and their way of trying to keep cash flow and earnings afloat. In one sense, these companies could hardly be blamed for trying to do the best for their shareholders, given gold’s generally bearish environment for so long. Many, however, considered the hedgers--chief among them Barrick Gold and the above-mentioned Anglo Gold--as pariahs.

A "shot across the bow" for these larger concerns and others came in the spike in late 1999. To a certain extent--and without confusing you unduly in explaining it--the practice of hedging on the part of miners acts much the same way as does a short sale. For as long as the gold price stays at or below the price at which future production was sold, all is well. However, if the current, spot price rises much above that same level, the value of having made those hedges is diminished. Further, in the cases where miners themselves have actually borrowed gold outright (or entered into some kind of derivative contract) they can be faced with margin calls, negative values in their "hedge books," or both.

This happened during the 1999 spike to two companies. Ashanti Goldfields of Ghana racked up enormous paper losses on its derivative portfolio (i.e.--hedge book) and for a while teetered on the brink of bankruptcy. Its banking counterparts who had "dibs" on these hedges had the ability to demand substantial cash payments from Ashanti, in order to cover the amounts by which the hedges were now in the red. At the eleventh hour--and assisted by the ultimately successful efforts to rein in gold’s advance--Ashanti managed to barely stay in business. Similarly, Canadian producer Cambior got into trouble with its hedge book.

Though these were the two most publicized examples, you’d better believe that hearts were suddenly pounding fast in other gold mining board rooms. All of a sudden, companies deemed by many (including themselves) as geniuses were being looked at with a jaundiced eye. Maybe it wouldn’t be good after all for some companies if gold did finally go up--and all of a sudden, those few investors interested at the time in gold demanded some answers as to how individual companies would fare if gold finally did turn around.

In the immediate aftermath of this near-disaster, a couple companies came out and announced they were moving away from the practice of hedging. Early on, these announcements--led initially by Placer Dome and Gold Fields--were motivated as much by the companies’ desires to allay fears over their solvency as by any real confidence that gold’s bear market was drawing to a close. Still, there did not seem to be an industry-wide consensus--or motivation--for a practically wholesale abandonment of the practice of hedging.

That changed, however, with the closing in January of Newmont Mining’s acquisition of Canadian-based Franco Nevada, and the Australian miner Normandy. As you’ll remember, I wrote extensively on the months-long struggle between Newmont and Anglo Gold for Normandy in particular; and, far from being your typical battle over an appealing target, this turned into a battle between hedgers (Anglo) and non-hedgers (Newmont.) The non-hedgers won; and both leading up to its acquisition and since, Newmont--now the world’s largest producer--has worn its status on its sleeve.

A number of long-time gold market bulls pointed to Newmont’s victory as the most significant gold market event in decades. And so it was. For, one by one, the most notable hedgers among gold producers have come out and embraced the old-time religion of being bullish for and an advocate of their own product. Before they’d hardly had time to lick their wounds and swallow some pride after losing the battle for Normandy, Anglo Gold came out and said that it would rather switch than fight. In a series of announcements, the big South African miner has said it is "aggressively" unwinding its hedge book.

In a February 5 interview with the Financial Times, Anglo’s Executive Director for Marketing Kelvin Williams indicated that his company would allow its hedge book to "erode" during 2002, while watching for "upside opportunities."

"We think there is a solid floor under the physical gold market," he explained. "And there is no longer a constituency of speculators eager to play the market from the short side. . ."

As gold’s price has continued to rise this Spring, Anglo has occasionally repeated its earlier announcements that it was unwinding its hedges, so as to take better advantage of the rising cash price. Especially conspicuous in recent weeks, though, has been the management of Barrick Gold, the so-called "king" of the hedgers. That company has--similarly to Anglo--been going out of its way at times to assure the market and its own investors that, (1) it, too, is unwinding its hedge book and now selling at least some production into the spot market for the first time in many years, and (2) it has no intention of short-circuiting the rise in gold’s price by adding new hedges.

Except in the most learned gold bug circles and among those who have taken the time to analyze the markets, this story has not received nearly sufficient attention. Coupled with the declining mine supply, the virtual wholesale abandonment of hedging has written the epitaph to the long, nasty bear market endured by gold for so long.

[peter.wedemeier1]

Verschiedene bullishe Indikatoren. Vor ein paar Tagen zeigten die Bollinger Bänder an, das diese Aktie ins positive drehen würde. Der SMA 5 und 10 sind bullish. Der aktuelle Kurs hat sich über die SMA 15 bewegt. Das MACD Histogramm hat ins bullishe gedreht. Die MACD Trendlinien sind bullish. Die Stochastik Trendlinien sind bullish.

peter.wedemeier1

[peter.wedemeier1]

Long Position geschlossen.

peter.wedemeier1

[Guru-Schreck]

???????????

[Schieler]

[Placer Dome News Release] Placer Dome Reducing Gold Hedge Position by 20%
August 29, 2002

(All dollar amounts in US Currency)

Vancouver, Canada - Placer Dome Inc announced today that it is reducing the level of its committed ounces by 20% from the 8.5 million ounces of gold reported as at June 30, 2002.

The recent volatility in the gold price has afforded Placer Dome the opportunity to reduce its call option commitments for the years 2003 and 2004 at an anticipated net cost of about $2/oz, or approximately $2 million. By December 31, 2002 Placer Dome expects its committed ounces to total 6.8 million at an expected realized gold price in excess of $400/oz. This level of committed ounces would represent less than 40% of Placer Dome?s average expected production over the next five years, or 15% of currently published reserves. For 2003, Placer Dome expects to have in excess of 90% of its production uncommitted.

According to Placer Dome Executive Vice-President and CFO Rex McLennan: "Through our pro-active management we will continue to maintain the most effective forward sales program in the industry. We are positive in our outlook for gold and reducing our committed ounces will increase the already significant upside for our shareholders."

Placer Dome`s forward sales program contributed $54 million to earnings in the first half of 2002 and as of June 30, 2002 had a positive mark-to-market value of $223 million.

Subsequent to the expected reduction in committed ounces, Placer Dome`s pro forma consolidated gold sales program is expected to consist of the following as of September 30, 2002:

[peter.wedemeier1]

Long Position eröffnet.

peter.wedemeier1

[peter.wedemeier1]

AurionGold CEO takes home incentive payments

September 27, 2002 10:51am


09/27/2002

http://hoovnews.hoovers.com/fp.asp?layout=displaynews&doc_id…

[peter.wedemeier1]

BRYAN FRITH
Pull your heads out

October 01, 2002

http://www.theaustralian.news.com.au/common/story_page/0,574…

[peter.wedemeier1]

[peter.wedemeier1]

Placer CEO sees higher gold price, more hedge cuts
10/3/2002 4:55:29 PM
http://www2.marketwatch.com/news/newsfinder/newsArticles.asp…

[peter.wedemeier1]

DJ. TIP SHEET:USAA Precious Metals Fund Rises On Weak Dollar
Thursday, October 3, 2002 03:15:28 PM - FWN Select




NEW YORK, Oct 03, 2002 (ODJ Select via COMTEX) -- By Michelle Rama

Of DOW JONES NEWSWIRES

http://www.wsrn.com/apps/news/art.xpl?id=5295244&f=NEWS

[peter.wedemeier1]

Placer Dome closing in on AurionGold
Financial Post - Thursday October 3, 2002
By Drew Hasselback
Now controls 44.86%
Placer Dome Inc. is continuing to edge toward control of Australia`s largest independent gold producer, AurionGold Ltd.Placer yesterday said it has won control of 44.86% of Aurion and has extended the expiry date for its bid to Oct. 11.The $1.4-billion bid was to expire yesterday, and the extension is Placer`s eighth since it launched the bid on May 27."We`re accumulating 1.5% to 2% of shares a week," said Jay Taylor, Placer`s chief executive, after a presentation at Denver Gold Group`s Mining Investment Forum in Denver.He described Aurion`s management as "up against a wall" and described Placer`s eventual victory in the hostile battle as "preordained."Aurion`s management opposes Placer`s offer as too cheap. Two large investors, 14% owner Colonial First State and 6% owner M&G Investment Management, have refused to sell their shares to Placer.But Colonial has been gradually selling shares into the market, and buyers may be taking up Placer`s bid.Placer`s incremental gains are slowly moving the company toward a key level of 47% support. Once Placer passes that hurdle, it will be able to buy the remaining 3% necessary for control through ordinary share purchases on the open market. The so-called "creep provision" of Australia`s Corporations Law allows a buyer to accumulate up to 3% of a company`s outstanding shares on the open market every six months without having to submit a formal bid to securities regulators. Placer`s formal takeover is not dependent on the company acquiring a 50% controlling stake.Placer is offering 0.175 of its stock plus A28¢ cash for each AurionGold share. The cash component was reduced Sept. 6 from A35¢ after Aurion paid out a A7¢ dividend to Aurion shareholders. The offer values AurionGold at A$3.18 a share.
A merger of Placer and Aurion would create the world`s fifth- largest gold miner with annual production of about 3.5 million ounces.Rex McLennan, Placer`s chief financial officer, told the Denver mining conference that Placer will reduce its hedge book to 6.8 million ounces by the end of the year, down from a current level of 7.2 million ounces.

http://finance.canada.com/bin/story?StoryId=CpzVaWd8bmtaXmJa…

[peter.wedemeier1]

Reuters Company News
FEATURE-Social tensions taint Venezuelan gold mine project
Friday October 4, 9:45 am ET

By Pascal Fletcher

http://biz.yahoo.com/rc/021004/venezuela_gold_1.html

[peter.wedemeier1]

Canada`s Placer Dome, with a stake in AurionGold which has grown to 45 per cent, said it planned to take control of management when it reached a 50 per cent stake.

[peter.wedemeier1]

UPDATE 1-Placer CEO says to stick with AurionGold takeover
http://www.reuters.co.uk/newsArticle.jhtml?type=searchNews&s…

[peter.wedemeier1]

Placer boss says no timeline on AurionGold takeover
October 03, 2002 4:55:00 PM ET
http://eclipse.usp.net/newsscape/getStory.cfm?frmStoryID=454…

[peter.wedemeier1]

Auriongold Lays Low

Miningweb (Johannesburg)

October 2, 2002
Posted to the web October 3, 2002

Peter Gonnella
http://allafrica.com/stories/200210030671.html

[peter.wedemeier1]

[peter.wedemeier1]

Long Position geschlossen.

peter.wedemeier1

[peter.wedemeier1]

Long Position eröffnet.

[peter.wedemeier1]

PDG (+ 2.39% bei $9.42) hat soeben im US-Handel die Führung heute von CDE (+ 2.38% bei $1.29) übernommen. Beide liegen vor HL (+ 1.98% bei $3.09)

Go Silver und Gold Go!

[peter.wedemeier1]

PDG (+ 1.87% bei $9.78) führt zu Handelsbeginn im US-Handel vor VGZ (+ 1.79% bei $3.42) und BGO (+ 1.79% bei $1.14).

Go Gold Go!

[peter.wedemeier1]

Placer gets go-ahead for Pueblo mine
Dominican Republic changes mining law
By STEVEN CHASE AND WENDY STUECK
00:00 GMT-04:00 Tuesday, April 15, 2003
SANTO DOMINGO and VANCOUVER -- Placer Dome Inc.`s proposed Pueblo Viejo gold project in the Dominican Republic moved a step closer to reality yesterday when the upper house of the Caribbean country`s government approved a change in mining law that gives the Vancouver mining company clear title to the mine for a quarter century.

The official go-ahead from the government of the Dominican Republic took place yesterday during Prime Minister Jean Chrétien`s official visit to the country of nearly nine million people. The visit ends today.

Yesterday`s deal marked the formal approval of a lease agreement between Placer Dome and the government of the Dominican Republic that was announced last August. The company has begun a feasibility study to determine if it will reopen the rich deposit, which produced five million ounces of gold and 22 million ounces of silver as a state-run operation between 1979 and 1999.

"This is now the green light," Adam Blackwell, Canada`s ambassador to the Dominican Republic, said of yesterday`s congressional approval.

Placer Dome is expecting to invest as much as $350-million (U.S.) in the mine if it goes ahead with the project. The company says it currently has an indicated mineral resource of 16.8 million ounces of gold.

Mr. Chrétien is to sign seven Canadian investment deals worth about $474-million (U.S.) during his visit. Announcements will kick off mining, engineering and renewable-energy projects across the Dominican Republic.

The deals include:

A $126-million agreement that will see SNC-Lavalin Group Inc. of Montreal build an aqueduct system and related infrastructure to ship potable water.

A design-build contract for a potable water project and associated aqueduct system and power plant worth up to $150-million. Work is to be undertaken by SNC-Lavalin and Tecsult International Ltd. of Montreal.

A memorandum of understanding between companies including Acres International Ltd. of Toronto and MAK Alliances Inc. of Cambridge, Ont., to build a renewable-energy power plant that generates up to 25 megawatts and costs up to $35-million.

A permit signed by the Dominican government allowing GlobeStar Mining Corp. of Toronto to mine the Cerro de Maimon gold and copper deposits. It will be the first metals mine to open in the Dominican Republic in 32 years. Investment is expected to top $48-million.

A contract to overhaul the Guajimia Canal project worth up to $80-million that will be undertaken by Montreal-based Dessau-Soprin Inc.

A memorandum of understanding to study the development of a 17-megawatt hydroelectric power plant. The work will be carried out by Amec Inc. of Toronto, a subsidiary of Amec PLC. The value of the project is expected to be as much as $35-million.
h ttp://www.globeinvestor.com/servlet/ArticleNews/story/GAM/20030415/RPLAC_2/stocks/news?back_url=yes

[peter.wedemeier1]

Placer Dome to open Nevada mine
Canadian Press - Tuesday April 15, 2003
The Vancouver company said it expects to convert additional known gold mineralization into reserves within the next 30 months.
"We`re very excited about the results we achieved from the test mining and contractor work undertaken last year," said Jay Taylor, Placer Dome`s president and chief executive. "We`ve changed the mining method and have opened up previously undeveloped high-grade areas. We know we can mine this property safely and profitably."The production startup is expected to cost $80 million US, including $41 million for underground development, $26 million to refurbish the existing mill and $14 million for surface work and initial operating costs. Placer Dome said it`s negotiating alternative processing arrangements that, if completed, would eliminate the need for the mill spending.Placer Dome currently produces gold from the Getchell portion of the Nevada property under an existing agreement with Newmont Mining`s Twin Creeks mine, a production deal that runs until June 2004.
The Turquoise Ridge mine, including the Getchell underground production, will contribute 89,000 ounces of gold to Placer Dome this year, the company said.
Placer (TSX:PDG) is one of the world`s biggest gold producers, with operations around the globe. It ranks behind Barrick Gold Corp. (TSX:ABX) among Canadian producers.h ttp://finance.canada.com/bin/story?StoryId=CpPUdWeabyNvZAw5LC3mTmti0odCWmtK&Topic=Canadian_Press&Type=home&Heading=News%20from%20Canadian%20Press

[peter.wedemeier1]

PDG (+ 1.87% bei $9.78) hat soeben im US-Handel die Führung von RGLD (+ 1.87% bei $15.68) übernommen. Beide führen nun vor MDG (+ 1.77% bei $9.76).

Go Gold Go!

[peter.wedemeier1]

PDG (+ 1.02% bei $10.85) hat soeben die Führung im US-Handel von CDE übernommen.

Go Gold Go!

[peter.wedemeier1]

PDG (+ 1.79% bei $11.36) hat soeben im US-Handel die Führung von PAL übernommen. PDG führt nun vor RGLD (+ 1.73% bei $19.96) und GFI (+ 1.65% bei $11.74).

Go Gold go GATA go PDG!

[peter.wedemeier1]

Press Release Source: Placer Dome Inc.

Placer Dome doubles gold resources at Cortez Hills
Wednesday June 11, 3:01 am ET
(all figures in US$ unless otherwise stated)

VANCOUVER, June 11 /PRNewswire-FirstCall/ -

http://biz.yahoo.com/prnews/030611/va200_1.html

The first good news in a while for PDG!!!

With gold @ $360, total cost @ $170 and 1 million ounces projected per year (PDG owns 60% of the Cortez JV) for the next 6 years, this is VERY PROFITABLE business.

Cortez is also PDG main producing mine at the lowest total cost. It accounts for 35%-40% of PDG`s total earnings.

[peter.wedemeier1]

PDG (+ 2.69% bei $11.46) hat soeben im US-Handel die Führung von GLG (+ 2.59% bei $11.47 übernommen. Beide führen nun vor GSS (+ 2.50% bei $2.46).

Go Gold go GATA go PDG!

[Sozzi]

@p.w.,

anstatt dir die Mühe zu machen, so viele einzelne Goldwerte zu bewerben nimm doch einfach Dundee Precious Metals (WKN 872063)...

Hier das aktuelle Beteiligungsportfolio von DPM:

Altius Minerals Corporation
American Bonanza Gold Mining Corporation
Anatolia Minerals
Apollo Gold Corporation
Argosy Minerals
Ariane Gold Corporation
Atikwa Minerals Limited
Bolivar Gold Corp.
Cambior
Campell Res. Inc.
Canadian Royalities Inc.
Case Resources Inc.
Cumberland Resources
Diagem International Res.
Eastmain Resources Inc.
Eldorado Gold Corporation
European Goldfields Ltd.
FNX Mining Company
Gabriel Resources Ltd.
GlobeStar Mining Corp.
Golden Queen Mining
Greystar Resources
Hedman Resources Ltd.
Manhattan Minerals Corporation
Major Drilling Group
Metallic Ventures
Metallica Resources
Miramar Mining Corporation
Nichromet Extractions Inc.
Northgate Exploration Ltd.
Opti Canada
Pacific Rim Corporation
Pele Mountain Resources Inc.
Quest Ventures
Ranchgate Oil & Gas
Rio Narcea
South Atlantic Ventures Ltd.
Stratic Energy Corp
Tahera Corporation
TecnoPetrol Inc.
Tempest Energy
Titanium Corporation
Twin Mining Corporation
Verena Minerals Corporation
Western Canadian Coal Corp.
Wolfden Resources
East African Gold Mines
Revesco Group Ltd.
Red Back Mining NL
Buenaventura

[Fmüller]

Hat niemand mehr Interesse an Placer Dome??? So schlecht entwickeln sie sich auch nicht. Leider bin ich des englischen nicht mächtig, so das Originalberichte veilleicht noch lesen, aber nicht verstehen kann. Weis` niemand etwas neues???

[peter.wedemeier1]

!

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