Durban Roodepoort Deep - WKN 865260 - 500 Beiträge pro Seite

[cuibono]

3satBörse online, Folker Hellmeyer, Chefanalyst der Bremer Landesbank
Gold mit neuem Glanz - Geldidee 14.06.2002
http://www.3sat.de/boerse/

Von Folker Hellmeyer wurden folgende Aktien empfohlen:

Durban Roodepoort Deep Ltd., Südafrika
Durban ist ein „Turnaround“ Wert, der an der Gewinnschwelle
steht und hinsichtlich hoher nachgewiesener Goldreserven eine
interessante Alternative für den sportlichen Investor darstellt.
Durban hat angekündigt per 30.6. die Terminabsicherungen
vollständig zurückzufahren (WKN 865260).

Harmony Gold Mining Co. Ltd., Südafrika
Harmony gilt als eine der am besten gemanagten Goldminen
weltweit. Harmony ist profitabel, hat kein „Hedgebuch“ und
entspricht von daher konservativeren Anlagestrategien (WKN 864439).

Weiss jemand, wo man aktuelle Informationen über die `hohen nachgewiesenen Goldreserven`
von Durban R. Deep erhalten kann ? Von Interesse wäre auch noch die Höhe der Produktionskosten
in US-$ je Feinunze. Was mich wundert ist, dass Martin Siegel in seinem Buch `Goldminenaktien 1995`
nichts von außergewöhnlich hohen Goldreserven geschrieben hat, sondern eher das Gegenteil.
Allerdings war das eben vor sieben Jahren. Wer weiss etwas Aktuelles ???

cuibono

[KerlleNaa]

"...eine interessante Alternative für den sportlichen Investor darstellt..."




Traden wir jetzt vom Laufband aus über voicetrading Software?


Die DROOY sind schon sehr gut gelaufen und haben sich seit September 2000 von 0,75$ bis auf über 5$ erholt. (momentan ein kleiner Rücksetzer). Mein alltimehigh liegt bei 9,25$.
Nach diesem Run vom Sep./00 von einem turnaround zu sprechen ist eigentlich schon viel zu spät. Mir wäre das zu riskant, außer als Daytrading jetzt noch einzusteigen.

[scheissdreck]

DROOY:

wird wohl noch etas laufen.

target 14 usd

[granitbiss]

Harmony dürfte wohl durch die Übernahme der Raandfontain noch etwas im Hedge-Book haben, die Posten sind wohl nicht alle ausgeglichen

[crashkommt]

Guten Morgen,


auch schon wach???


MfG

[cuibono]

Betr. Mein Posting #1

Dass sich der Kurs von Durban Roodepoort Deep seit Anfang 2001 erfeulich entwickelt hat,
ist auch mir nicht verborgen geblieben.



Aber das war nicht Gegenstand meiner Frage !

Daher nun der zweite Versuch:

Weiss jemand, wo man aktuelle Informationen über die `hohen nachgewiesenen Goldreserven`
von Durban R. Deep erhalten kann ? Von Interesse wäre auch noch die Höhe der Produktionskosten
in US-$ je Feinunze. Was mich wundert ist, dass Martin Siegel in seinem Buch `Goldminenaktien 1995`
nichts von außergewöhnlich hohen Goldreserven geschrieben hat, sondern eher das Gegenteil.
Allerdings war das eben vor sieben Jahren. Wer weiss etwas Aktuelles ???

[AlexTheGreat]

Versuchen Sie es mal unter:

http://www.durbans.com/

oder bei:

http://www.theminingweb.com/


Auch wenn die gewünschten Informnationen hier nicht zu finden sein sollten, lesenswert sind die Seiten in jedem Fall.

MfG

ATG

[cuibono]

@AlexTheGreat

Vielen Dank für den Hinweis.

Bei `www.durbans.com` erhält man nach einem Klick auf `Key Facts`
(unten) das `Fact Sheet` samt `Ore Reserves Table` (links oben).


Zur allgemeinen Erheiterung noch ein Witz aus meinem Thread: [b]Die besten Witze und Anektoden aus der Finanzwelt[/b]:

Ein schon etwas betagter Milliardär überlegt, wie er im Testament
sein Vermögen auf seine drei Söhne verteilen soll. Schließlich
entscheidet er sich für einen Wettbewerb.
Jeder der Söhne bekommt 1 Million $, die er investieren soll.
Zusätzlich erhält jeder 200.000 $, die zur Optimierung der
Performance zu verwenden sind. Nach drei Monaten entscheidet
der erzielte Gewinn über die Erbverteilung.
Der älteste Sohn verwendet seine 200.000 $, um einen Anlageberater,
einen Informatiker und einen Wirtschaftsprofessor einzustellen.
Der Wert seines Investments steigt auf 1.500.000 $.
Der zweite Sohn engagiert für seine 200.000 $ zwei exzellente
Fondsmanager und einen Analysten.
Der Wert seines Investments steigt auf 2.000.000 $.
Der jüngste Sohn ist in den drei Monaten immerzu auf Reisen,
feiert Partys ohne Ende und geht mit seinen Freunden zu Konzerten.
Der Wert seines Investments steigt auf 20.000.000 $.
Der Vater ist begeistert und will natürlich wissen, wie dieser
hervorragende Erfolg zustande kam.
"Ganz einfach, ich habe die 200.000 $ effektiv eingesetzt.
10.000 $ für eine stillgelegte Mine,
20 $ für Steine,
50 $ für Goldspray,
5.000 $ für einen gebrauchten Landrover,
5.000 $ für einen an Alzheimer erkrankten Geologen,
20.000 $ für den Druck von Aktien und Prospekten...
und den Rest für Partys und Geschenke für die Broker,
die Analysten und die Wirtschaftsjournalisten."

[ulfur]

DRD to pay first dividend in 107 years
By Matthew Jones
FT.com site; Jun 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.

Mr Wellesley-Wood has clashed this year with members of DRD`s board over
allegations that funds were misappropriated. He said there were still R200m
($19.5m) of "value leakage" claims outstanding, which the company was trying to
recover through four legal actions.

The claims mainly centre on the Kebble family, which controls South African miner
CAM/JCI Gold, and their associates. Mr Wellesley-Wood alleges that the Kebbles and
their associates used funds from DRD to prop up their CAM/JCI Gold interests but
Roger Kebble, a former non-executive director, has strongly denied this.

Mr Wellesley-Wood said the group had wound down its hedge book, making it one of
the most highly-geared producers 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.

Mr 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.

DRD`s South African shares, which have risen seven-fold since a low of R6.50 last
July, gained 7.6 per cent to R49.30.

http://search.ft.com/search/article.html?id=020619004938&que…

[cuibono]

Durban Deep to join top index

By: Byron Kennedy & David McKay
Posted: 2002/06/13 Thu 16:20 ZE2 | © Miningweb 1997-2002

http://www.mips1.net/MGGold.nsf/Current/4225685F0043D1B24225…

JOHANNESBURG -- Durban Roodepoort Deep`s [DROOY] meteoric
transformation must qualify as one of the Johannesburg Stock Exchange`s
(JSE`s) greatest rags-to-riches stories. Less than a year ago the marginal
gold miner claimed said it would be threatened with insolvency if labour
moved ahead with a mine-wide strike. Now, the company is set to join South
Africa`s blue ribband with a place in the illustrious Top 40 Index. This is when
the new FTSE/JSE indices go live, an event scheduled for June 24.

Durban Roodepoort Deep`s (DRD) is worth about R8.5 billion at its recently
achieved share price of R50.00 a share compared to July last year when it
was worth R770 million with some 20 million less shares in issue.

DRD`s impending Top 40 debut is its reward for a five-fold increase in its
share price over the past year and brings with it the prospect of even further
gains. Index tracker funds will be forced buyers of DRD stock and are
expected to wait until the last possible moment to tweak their funds in line
with the new index series weightings.

The weightings are based on free-float, and a concept borne out of the
venture between the Johannesburg and London Stock Exchanges.

As the name suggests, index trackers are expected to replicate the
barometer by which they are measured. It will take an extremely brave or
foolish fund manager to take a position in DRD eleven days ahead of the big
switch, particularly when one considers the extreme volatility that the gold
sector has endured in recent days. Traders, though, will seek to piggyback
on this herd-like think and are likely to risk an element of volatility by taking a
position ahead of what is expected to be a rush for DRD shares.

Incredibly, it was in July last year that DRD investors will have seriously
contemplated selling their shares with strike action looming large. Records
show that DRD successfully used the liquidation card to stave off demands
for a 66 percent wage increase by South Africa`s The National Union of
Mineworkers (NUM). At the time DRD, which employs 20 000 miners,
branded the increase as unsustainable and said it would be forced to shut
shop if NUM executed a threatened two-day strike action.

Uncertainty surrounding wage negotiations saw DRD stock slump 30 percent
in the month leading up to a resolution between NUM and South African gold
producers. Ironically it also acted as a springboard from which DRD shares
launched a massive rally culminating in an all-time high of R56.50 a share
earlier this month.

Chairman and chief executive, Mark Wellesley-Wood, said the declining rand
and improvement in the gold price were the key reasons DRD recovered.
However, the reduction of debt, the reduction in hedging (to almost nought as
matters currently stand) and improvements in corporate governance also
injected confidence in the company`s future. "I would like to think it was
mining but it was more financial engineering that got us back on track,"
Wellesley-Wood said.

Although DRD has slipped back to R43.00 as a consequence of gold`s
pullback below $320 an ounce, the company`s gains over the last 12 months
still register an impressive year-to-date gain of 154 percent, and a 720
percent surge since the beginning of 2001.

[cuibono]

Durban Roodepoort Deep Limited

COMPANY PROFILE

Durban Roodepoort Deep Limited is a substantial South African based company which operates several gold
mines in South Africa and a small high grade gold mine with extensive exploration tenement in Papua New Guinea.

The company was established in 1895. The company is listed on the Johannesburg Stock Exchange (JSE), Nasdaq,
the London Stock Exchange, Brussels Stock Exchange and the Paris Bourse. The company is well known in the
United States some 68% of its shareholders resident in the United States. Average monthly trade over the past six
months has been US$15m.

Gold production of 1.1m ounces at US$230/oz makes Durban Deep the 13th largest gold producer in the world.
Production is sourced from a reserve base of 14.4m ounces and a resource base of 65m ounces. Operations are
based at Harties and Buffels in the Klerksdorp region with Blyvoor on the West Wits line forming the base of the
group’s current expansion programme. The Crown operation is a massive sand and slime re-treatment operation that
is facilitating the removal of deposits made over the past 100 years. The 22m ounce Argonaut resource is one of
SA last unexploited gold fields. It forms a massive down dip extension of the central Witwatersrand that has
produced over hundreds of millions of ounces since 1886.


COMPANY STRENGTHS

• Enormous resource and reserve base
• Well balanced production mix
• Refocused as a low cost producer during uncertain gold price era
• Highly competent technical team
• Highly tradable internationally recognised equity


Ore Reserves (total):
446.9 Tons Gold | Grade 2.59 g/t | 14.370.000 oz
(Ore Reserves Table 2001 / Fact Sheet http://www.durbans.com)

Mineral Reserve
The economically mineable material derived from a
Measured and/or Indicated Mineral Resource. It is
inclusive of diluting materials and allows for losses
that may occur when the material is mined.
Appropriate assessments, which may include
feasibility studies, have been carried out, including
consideration of, and modification by, realistically
assumed mining, metallurgical, economic, marketing,
legal, environmental, social and governmental
factors. These assessments demonstrate at the time
of reporting that extraction is reasonably justified.
Mineral Reserves are sub-divided in order of
increasing confidence into Probable Mineral
Reserves and Proved Mineral Reserve.


Mineral Resources (total):
2028.2 Tons Gold | Grade 1.91 g/t | 65.210.000 oz
(Ore Reserves Table 2001 / Fact Sheet http://www.durbans.com)

Mineral Resource:
A concentration [or occurrence] of material of
economic interest in or on the Earth’s crust in such
form, quality and quantity that there are reasonable
and realistic prospects for eventual economic
extraction. The location, quantity, grade, continuity
and other geological characteristics of a Mineral
Resource are known, estimated from specific
geological evidence and knowledge, or interpreted
from a well constrained and portrayed geological
model. Mineral Resources are sub-divided in order of
increasing confidence, in respect of geoscientific
evidence, into Inferred, Indicated and Measured
categories.

[cuibono]

Durban Deep, the real picture.

By Dr. Clive Roffey --> www.utm.co.za
Friday, Nov 29 2002

I believe that the Kitco website was designed for the serious analysis of the gold market and not
slanderous vicious personal attacks that are so far from reality that they do not even warrant a
kindergarten rating. If you wish to subscribe to Chapman’s bigoted and paranoid views on my work and
South Africa then that is your decision. I am content to live in this sunny, vibrant and developing nation that
did not need a civil war to transpose its political leanings. I am more than happy to have my analyses
speak for themselves and leave readers to compare the quality of my work with Chapman’s obsessive
ramblings!

Let’s stick to the facts. Chapman wrote about Durban Deep in which he slammed the prospects of this
mine based not only on his twisted views of South Africa 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 per ton 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 that 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? In a
recent issue of my Gold Action newsletter I analysed the chart of the gold price in Swiss Francs. I
indicated that global investment attitudes were about to undergo a radical change due to the implications
of the gold price outperforming the Swiss Franc. 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.

Quelle: http://www.kitco.com/ind/Roffey/nov292002.html


DURBAN ROODEPOORT DEEP LTD. SHS (SPONS. ADRS) RC 1 - WKN: 865260 Börse: Frankfurt Symbol: DUB.FSE