The Mission Share Discussion Threads

[giant steps] 01/2/2008 18:46

Reference -




Reminder of debt (24th Oct 2007)

"
Accordingly, MC Resources and Casten have acknowledged payment, reduction of and
set-off against the MC Resources and Casten Indebtedness of an aggregate amount
equal to U.S.$42,301,781. The remaining outstanding indebtedness is estimated at
approximately U.S.$20.8 million of which U.S.$1.4 million is principal debt
outstanding and U.S.$19.4 million relates to outstanding interest as at 1
October 2007, taxes and fees. The transfer is expected to be completed by
October 30, 2007 in accordance with the obligations set forth in the Consent
Agreement.
"

[giant steps] 01/2/2008 18:23

Pamodzi Gold : Closing price Fri 01 Feb ZAR 10.50, volume 193K / 32 trades

Observe 7.5% fall in PZG share price today

pog $909.25/oz, usdzar 7.39, zarusgold 6,719

[giant steps] 01/2/2008 11:32

Reminder : key dates in feb 2008

[giant steps] 31/1/2008 19:22

http://www.mineweb.com/mineweb/view/mineweb/en/page67?oid=45351&sn=Detail Selected South African gold stocks   Stock From Value   price high* US$m AngloGold Ashanti $42.11 -18.0% 11692 Gold Fields $14.60 -29.5% 9524 Harmony $10.14 -39.3% 4057 Simmer & Jack R4.89 -38.1% 718 Great Basin Gold C$2.93 -15.8% 575 Central Rand R16.50 -19.7% 562 Wits Gold R138.10 -23.3% 521 DRDGold R7.45 -8.0% 387 Mintails A$0.55 -42.1% 318 Aflease Gold R2.73 -35.0% 197 Pan African £0.07 -32.9% 144 Pamodzi Gold R11.95 -54.9% 72 Newgold ETF R66.20 -1.5% 344 Average   -27.5%   * 12-month

[giant steps] 31/1/2008 18:38

I would expect margins to be over 30%

Crude calc, say production down to 110,000 /oz yr, selling at $947/oz

Free cash $2.6m / month = $31m /yr = the selling price of PSGM !!

[giant steps] 31/1/2008 18:29

Pamodzi Gold : Closing price Thu 31 Jan ZAR 11.95, volume 26K / 4 trades

pog $925.15/oz, usdzar 7.47, zarusgold 6,911

[katsy] 31/1/2008 11:05

I really hope that while the mine is still under our control that they're taking advantage of zursgold > 6900. Assuning that is that total cost per oz is still not traking POG and or the powersupply are not affecting us.

PS this thing has to re-list soon before the AIM listing is terminated.

[giant steps] 30/1/2008 20:22

Pamodzi Gold : Closing price Wed 30 Jan ZAR 11.50, volume 104K / 8 trades

pog $929.40/oz, usdzar 7.28, zarusgold 6,766

[tim00] 30/1/2008 19:55

now pog is 6800 ZAR, amazing!

[tim00] 30/1/2008 06:51

don't agree with bbbb, TMG decided long ago that it simply did not have the finance to adequately exploit its reserves. The hope must be that Pamodzi does. Pamodzi also offers a more diversified asset base, still with plenty of scope for capital gains should the pog stay high and management do well in overcoming all the problems associated with deep mining in South Africa nowadays, including a prolonged shortage of power.

[giant steps] 29/1/2008 19:57

Pamodzi Gold : Closing price Tue 29 Jan ZAR 11.95, volume 0K / 0 trades

[giant steps] 29/1/2008 19:56

'best scenario might even be the deal collapses and the break fee is collected'

bbbb -> unlike you to speculate !

[bbbb] 29/1/2008 09:14

it's anyones' guess, goggin, and the longer the deal is delayed, the wilder the
guesses may be.

best scenario might even be the deal collapses and the break fee is collected.

the risk would be if there's any confusion as to who gets what if contract mining
is operating in the interim before deal completion.

[goggin] 29/1/2008 08:46

At current levels - with TMG recent production rare, being conservative, do you recon they are netting some money and if so, how much/ oz
If the Gold price continues to rise, they must be come profitable at some stage.

[goggin] 29/1/2008 08:46

At current levels - with TMG recent production rare, being conservative, do you recon they are netting some money and if so, how much/ oz
If the Gold price continues to rise, they must be come profitable at some stage.

[giant steps] 28/1/2008 23:37

Pamodzi Gold : Closing price Mon 28 Jan ZAR 11.95, volume 6K / 3 trades

[tim00] 28/1/2008 06:15

thanks, GS, very helpful.

[giant steps] 27/1/2008 23:32

Mon 28th Jan 2008



Extract :
"
[miningmx.com] -- ESKOM, the South African power utility, has asked South Africa's mines to reduce energy consumption by 10% in return for which it would provide the industry with uninterrupted power
"

[giant steps] 27/1/2008 20:59

Reminder page 297, competent persons report January 2008

Conclusion

[giant steps] 27/1/2008 20:47

Reminder page 277, competent persons report January 2008

Plant

[giant steps] 27/1/2008 20:38

Reminder page 242, competent persons report January 2008

Revenue

[giant steps] 27/1/2008 20:31

Reminder page 225, competent persons report January 2008

Power

[bbbb] 27/1/2008 20:00

presumably the power situation might delay any catchup in hoisting and processing
ore resulting from the previous substation damage.

Could be a good reason for a further postponement of the pamodzi deal.

[giant steps] 27/1/2008 12:29

FRIDAY, 25 JANUARY 2008
POWER SUPPLY TO KEY INDUSTRIAL CUSTOMERS

(Friday, 25 January 2008) The level of imbalance between demand for electricity and Eskom's capacity to supply reached an unprecedented level yesterday (24 January 2008). Consequently, Eskom had to shed
4 000MW, the highest load shed ever.

As required by its contractual arrangements Eskom alerted its 138 largest industrial customers (who account for between 20 and 30 percent of Eskom's load) that the electricity supply position could be characterised as an "emergency or force majeure".

The reason for this unprecedented action by Eskom is that we judged the electricity supply system to be at a very high risk and the stability of the electricity network could have been compromised.

Customers were requested to reduce their electricity usage to the minimum level possible. They were advised that they should take appropriate measures to avoid any damage or harm in the event of a supply interruption. Eskom pledged to normalise the supply position as soon as possible.

A meeting between Eskom, government and key industrial customers will take place early next week to ascertain the way forward.

This status is expected to prevail for two to four weeks.

Eskom appreciates the cooperation of major customers who have reduced their power consumption in the national interest.

However, Eskom emphasises that the notification of key industrial customers yesterday was a responsible and a precautionary measure to avert serious consequences in the event of a supply interruption.


ENDS