The Mission Share Discussion Threads

[giant steps] 27/1/2008 12:20

Reminder page 278, competent persons report January 2008

Electric Power

[giant steps] 27/1/2008 12:18

Reminder :

[tim00] 26/1/2008 17:06

no mention of a two week holiday though

[giant steps] 26/1/2008 11:17

Thistle Mining Inc.
04 September 2007

Extract

"
Eskom, the electrical utility provider in South Africa, predicted in its annual
report that electricity prices would increase by 18% in 2008 and 17% in 2009.
If approved, the first increase will take effect from April 1, 2008. PSGM's
business plan has provided for an increase in electricity of 6% in line with
the cost of inflation. Should the 18% tariff hike be implemented unit costs
can be expected to increase by an additional $6 per oz.
"

[giant steps] 25/1/2008 18:16

Pamodzi Gold : Closing price Fri 25 Jan ZAR 12.00, volume 0K / 0 trades

[giant steps] 25/1/2008 11:37

ad1967mc -> we shall see how Pamodzi run the show, new development is the key

Still plenty of upside value for TMG shareholders imo

[ad1967mc] 25/1/2008 11:24

Not sure GS. PSGM is horribly run down, the lack of capital spend now resulting in spiraling costs. It needs a substantial campaign of sustained development to open up new gold stopes. Only then will costs come back under control. Without the Pamodzi deal or some commitment from MC/Casten to further loans or equity, the mine is effectively dead.

[giant steps] 25/1/2008 11:17

Recall zarusgold Jan'06 3,200

Today 100% higher

At 6,500+ one would think it possible to make money with these parameters !

[giant steps] 25/1/2008 11:15

pog $923.40/oz, usdzar 7.08, zarusgold 6,538

[katsy] 25/1/2008 10:12

Again with reference to the same story.

leedskier - 25 Jan'08 - 10:00 - 11102 of 11102


Metals - Gold, platinum hit records as dollar weakens, jitters linger UPDATE

(updates prices, adds details, adds platinum high)
LONDON (Thomson Financial) - Gold surged to a record above 920 usd per ounce
as the dollar weakened overnight, oil prices rose, financial jitters lingered
and as mine stoppages in key producer South Africa sparked supply concerns.
Higher stock markets in Asia and London after Wall Street made gains
yesterday also boosted sentiment, even though in the longer term major worries
over the global economy remain.
Bullion trades in the opposite direction to the US dollar as it is seen as
an alternative asset and in line with oil prices because gold acts as an
inflation hedge.

[katsy] 25/1/2008 10:10

Johannesburg - South Africa's gold mines, and mining companies in other sectors, were instructed last night by electricity utility Eskom to shut their mines, possibly for up to between two and six weeks.

A letter signed by Eskom CEO Jacob Maroga said that key industrial consumers (KPI) had to reduce their power loads to "minimum levels". He added that Eskom could not guarantee power supply.

"We did not send down a shift last night and we did not send one this morning at any of our mines," said Willie Jacobsz, spokesperson for Gold Fields. "I understand the situation is the same at AngloGold Ashanti and Harmony Gold," he said.

A Johannesburg analyst said, however, that smaller consumers such as Simmer & Jack Mines and DRDGold still had power, at least at present.

In the letter, Maroga said the mines were required to "evacuate all underground staff"; "suspend all surface and underground mining"; but were allowed to keep essential services operating such as pumping and lighting. Mining companies would also be allowed underground if proto-teams were required to tackle fires.

[katsy] 25/1/2008 09:23

Looks like Pamodzi are getting PSGM on the cheap. Zarusgold nearly 6500 now. I take it we (TMG) are still in control of PSGM and it's financies at present. So if (BIG IF) they cash positive then this benifit should be seen by TMG shareholders.

[giant steps] 24/1/2008 19:45

Pamodzi Gold : Closing price Thu 24 Jan ZAR 12.00, volume 9K / 8 trades

pog $911.30/oz, usdzar 6.99, zarusgold 6,370

[giant steps] 24/1/2008 19:43

Pamodzi -- revised salient dates and times
Pamodzi shareholders are referred to the detailed terms announcement released on SENS on 23 November 2007 and published in the press on 24 November 2007 and the revised salient dates and times announcement released on SENS on 13 December 2007 and published in the press on 14 December 2007.

The circular to shareholders regarding the proposed acquisition of the Orkney shafts no's 1 to 7 ("Orkney business") from Harmony Gold Mining Company Ltd and the proposed acquisition of 100% of the issued share capital of and all claims on loan account against President Steyn Gold Mines (Free State) (Pty) Ltd ("President Steyn business") from Thistle Mining Inc ("proposed transactions") was posted on 23 January 2008. Accordingly, the following revised salient dates and time will apply for the proposed transaction:

Last day for the receipt of forms of proxy for the general meeting by 10:00 on Wednesday, 6 February 2007
General meeting to be held at the registered office of the company, 2nd Floor, Building C, East Gate Office Park, South Boulevard, Bruma at 10:00 on Friday, 8 February 2007
Results of the general meeting to be released on SENS on Friday, 8 February 2007

[giant steps] 24/1/2008 15:33

pog $906.95/oz, usdzar 7.01, zarusgold 6,358

[giant steps] 23/1/2008 19:14

23rd January 2008


Pamodzi reaps safety benefits

Extract
"
The company said it had recently concluded two transactions by acquiring the Orkney and President gold mines in North West.

Pamodzi Gold said these acquisitions would drive its growth strategy.

The company said it was hoping to announce the conclusion of these transactions soon.
"

[giant steps] 23/1/2008 18:29

Pamodzi Gold : Closing price Wed 23 Jan ZAR 12.45, volume 0K / 0 trades

[giant steps] 23/1/2008 15:42

pog $891.70/oz, usdzar 7.14, zarusgold 6,367

[bbbb] 22/1/2008 20:56

the funds for the acquisition may be irrelevant as the deal is structured so that tmg could end up with diluted paper to cover their hard cash obligation to
contolling holders... or the deal is again postponed, renegotiated or folds
to collect an enhanced 'break' fee.

[tim00] 22/1/2008 18:57

GS, of course they say it's a great deal, they need to persuade investors to cough up the funds for the acquisition. They might well mean it, but it's not their opinion that matters, it's their potential investors. My concern is that in the current financial climate we can't find new investors in PSGM. We haven't been inundated with offers in the last few years and heaven knows what state the mine is in now.

[giant steps] 22/1/2008 18:44

I wonder if Pamodzi gold need PSGM more than we need them as
they have publicly stated how great a deal they think it is!

[tim00] 22/1/2008 18:30

I'm not that confident that the deal will complete. But I hope it does, we need it to.

[giant steps] 22/1/2008 18:27

Pamodzi Gold : Closing price Tue 22 Jan ZAR 12.45, volume 28K / 10 trades

[giant steps] 22/1/2008 15:34

gold rallies after fed cuts 75pts

pog $886.00/oz, usdzar 7.14, zarusgold 6,326

[giant steps] 22/1/2008 09:15

pog $863.00/oz, usdzar 7.24, zarusgold 6,248