2911
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2917
Shares / Re: Today's Outlook
« on: January 28, 2015, 09:00:10 am »
NPSNY -1.71%
0700.HK +0.29
Asian stock markets followed Wall Street into the red on Wednesday, while the dollar was on edge following speculation the Federal Reserve could take a dovish turn in its post-meeting statement later
Dow
17,387 -292 1.65%
Nasdaq
4,681 -91 1.90%
S&P 500
2,030 -27 1.32%
GlobalDow
2,488 -2 0.08%
Gold
1,292 -1 0.07%
Oil
45.56 -0.67 1.45%
0700.HK +0.29
Asian stock markets followed Wall Street into the red on Wednesday, while the dollar was on edge following speculation the Federal Reserve could take a dovish turn in its post-meeting statement later
Dow
17,387 -292 1.65%
Nasdaq
4,681 -91 1.90%
S&P 500
2,030 -27 1.32%
GlobalDow
2,488 -2 0.08%
Gold
1,292 -1 0.07%
Oil
45.56 -0.67 1.45%
2920
Shares / Re: African Bank
« on: January 27, 2015, 11:54:22 am »
Wow, lots of new information here, thanks ABL, do people actually get paid to to this cr@p with the little money that is left.
AFRICAN BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registered bank)
(Registration number 1975/002526/06)
Company code : BIABL
In Curatorship
(“African Bank” and the “Bank”)
Further cautionary announcement and continued suspension of all debt securities of
the Bank and equity securities of ABIL
1. Investors are advised that the curatorship of the Bank and the restructuring initiatives in respect
of ABIL, as announced in a statement by the then Governor of the South African Reserve Bank
(“SARB”), Ms Gill Marcus, on 10 August 2014 (“the SARB statement”) remain ongoing.
2. During this time, trading in both the debt securities of the Bank and the equity securities of ABIL
will continue to remain suspended. Investors are therefore advised to continue to exercise caution
when dealing in the debt securities of the Bank and the equity securities of ABIL until further
detailed announcements are made.
3. Investors are referred to the ABIL and African Bank announcements released on the Stock
Exchange News Service (“SENS”) on 10 December 2014, respectively entitled "Renewal of
cautionary announcement and continued suspension of all securities of ABIL, an update on the
business rescue process in Ellerines and update on the release of ABIL’s annual results for
financial year ended 30 September 2014” and "Renewal of cautionary announcement, further
update on the curatorship of African Bank and proposed restructuring measures”.
AFRICAN BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registered bank)
(Registration number 1975/002526/06)
Company code : BIABL
In Curatorship
(“African Bank” and the “Bank”)
Further cautionary announcement and continued suspension of all debt securities of
the Bank and equity securities of ABIL
1. Investors are advised that the curatorship of the Bank and the restructuring initiatives in respect
of ABIL, as announced in a statement by the then Governor of the South African Reserve Bank
(“SARB”), Ms Gill Marcus, on 10 August 2014 (“the SARB statement”) remain ongoing.
2. During this time, trading in both the debt securities of the Bank and the equity securities of ABIL
will continue to remain suspended. Investors are therefore advised to continue to exercise caution
when dealing in the debt securities of the Bank and the equity securities of ABIL until further
detailed announcements are made.
3. Investors are referred to the ABIL and African Bank announcements released on the Stock
Exchange News Service (“SENS”) on 10 December 2014, respectively entitled "Renewal of
cautionary announcement and continued suspension of all securities of ABIL, an update on the
business rescue process in Ellerines and update on the release of ABIL’s annual results for
financial year ended 30 September 2014” and "Renewal of cautionary announcement, further
update on the curatorship of African Bank and proposed restructuring measures”.
2922
Shares / Re: Pulverized Sand Box
« on: January 27, 2015, 08:37:13 am »
Sibanye Gold Limited
Incorporated in the Republic of South Africa
Registration number 2002/031431/06
Share code: SGL
ISIN – ZAE000173951
Issuer code: SGL
(“Sibanye” or “the Company”)
OPERATING UPDATE FOR THE QUARTER AND YEAR ENDED 31 DECEMBER 2014 AND
GUIDANCE FOR THE YEAR ENDING 31 DECEMBER 2015
Westonaria 27 January 2015: Sibanye (JSE: SGL & NYSE: SBGL) advises shareholders
that record production of 14,079kg (452,700oz) was achieved for the
quarter ended 31 December 2014. Total cash cost and All–in cost for the quarter will
be approximately R285,000/kg (US$790/oz) and R375,000/kg (US$1,040/oz)
respectively.
Gold production for the year ended 31 December 2014 was in line with guidance at
49,432kg (1.59Mozs). This is despite the loss of over 500kg due to the underground fire
at Driefontein early in the year and the ESKOM load shedding in the latter half of the
December quarter. Total cash cost for the year of approximately R295,000/kg
(US$850/oz) and All-in cost of approximately R376,000/kg (US$1,080/oz) are also in
line with previous guidance. Capital expenditure of R3.3 billion (US$300 million) was
marginally lower than guidance. The average exchange rate for 2014 was
R10.82/US$.
The Kloof, Driefontein and Beatrix operations produced 45,127kg (1.45Mozs) of gold
for the year, which was just over 1% higher than in 2013. The Cooke Operation
contributed 4,305kg (138,400oz) during the seven months of incorporation in
Sibanye, with the build-up progressing slower than anticipated. This
underperformance occurred primarily at Cooke 4 shaft, resulting in the initiation of a
Section 189 restructuring process.
Uranium production from the Cooke Operation continued uninterrupted from May
2014, resulting in a stockpile of approximately 180,000lbs at year-end. Uranium
production costs for the December quarter averaged approximately US$24/lb.
Gold production guidance for the year ending 31 December 2015 is forecast to be
between 50,000kg and 52,000kg (1.61Moz and 1.67Moz). Total cash cost is forecast
at between R305,000/kg (US$850/oz) and R315,000/kg (US$875/oz). All-in sustaining
cost is forecast to be between R380,000/kg (US1,055oz) and R395,000/kg
(US$1,100/oz), with All-in cost forecast to be between R385,000/kg (US$1,070/oz) and
R400,000/kg (US$1,110/oz). Approximately 250,000lbs of by-product uranium
production is forecast.
Capital expenditure is planned to increase by 10% to R3.6 billion (US$320 million),
largely due to an increase in expenditure on projects to extend the operating lives
of the mines and on growth projects such as Burnstone. Dollar estimates for 2015 are
based on an average annual exchange rate of R11.20/US$.
Incorporated in the Republic of South Africa
Registration number 2002/031431/06
Share code: SGL
ISIN – ZAE000173951
Issuer code: SGL
(“Sibanye” or “the Company”)
OPERATING UPDATE FOR THE QUARTER AND YEAR ENDED 31 DECEMBER 2014 AND
GUIDANCE FOR THE YEAR ENDING 31 DECEMBER 2015
Westonaria 27 January 2015: Sibanye (JSE: SGL & NYSE: SBGL) advises shareholders
that record production of 14,079kg (452,700oz) was achieved for the
quarter ended 31 December 2014. Total cash cost and All–in cost for the quarter will
be approximately R285,000/kg (US$790/oz) and R375,000/kg (US$1,040/oz)
respectively.
Gold production for the year ended 31 December 2014 was in line with guidance at
49,432kg (1.59Mozs). This is despite the loss of over 500kg due to the underground fire
at Driefontein early in the year and the ESKOM load shedding in the latter half of the
December quarter. Total cash cost for the year of approximately R295,000/kg
(US$850/oz) and All-in cost of approximately R376,000/kg (US$1,080/oz) are also in
line with previous guidance. Capital expenditure of R3.3 billion (US$300 million) was
marginally lower than guidance. The average exchange rate for 2014 was
R10.82/US$.
The Kloof, Driefontein and Beatrix operations produced 45,127kg (1.45Mozs) of gold
for the year, which was just over 1% higher than in 2013. The Cooke Operation
contributed 4,305kg (138,400oz) during the seven months of incorporation in
Sibanye, with the build-up progressing slower than anticipated. This
underperformance occurred primarily at Cooke 4 shaft, resulting in the initiation of a
Section 189 restructuring process.
Uranium production from the Cooke Operation continued uninterrupted from May
2014, resulting in a stockpile of approximately 180,000lbs at year-end. Uranium
production costs for the December quarter averaged approximately US$24/lb.
Gold production guidance for the year ending 31 December 2015 is forecast to be
between 50,000kg and 52,000kg (1.61Moz and 1.67Moz). Total cash cost is forecast
at between R305,000/kg (US$850/oz) and R315,000/kg (US$875/oz). All-in sustaining
cost is forecast to be between R380,000/kg (US1,055oz) and R395,000/kg
(US$1,100/oz), with All-in cost forecast to be between R385,000/kg (US$1,070/oz) and
R400,000/kg (US$1,110/oz). Approximately 250,000lbs of by-product uranium
production is forecast.
Capital expenditure is planned to increase by 10% to R3.6 billion (US$320 million),
largely due to an increase in expenditure on projects to extend the operating lives
of the mines and on growth projects such as Burnstone. Dollar estimates for 2015 are
based on an average annual exchange rate of R11.20/US$.
2924
Shares / Re: Today's Outlook
« on: January 27, 2015, 08:17:50 am »
0700.HK -2.92%
NPSNY +3.74%
Dow
17,679 +6 0.04%
Nasdaq
4,772 +14 0.30%
S&P 500
2,057 +5 0.25%
GlobalDow
2,506 +2 0.07%
Gold
1,279 -1 0.11%
Oil
45.18 +0.03 0.07%
The main European indices were expected to open higher, though foul weather in the United States will curb activity on Wall Street. The Federal Reserve also starts its first policy meeting of the year, in what is a busy week for earnings. Japan's Nikkei gained 1.4 percent, while Australia's main index added 0.8 percent
Microsoft Corp. on Monday said its earnings fell more than 10% during the quarter ended December on costs related to its streamlining effort and its integration of the mobile phone business acquired from Nokia last year.
Shares fell about 3% in recent after-hours trading as the company's collection of software like Windows,
NPSNY +3.74%
Dow
17,679 +6 0.04%
Nasdaq
4,772 +14 0.30%
S&P 500
2,057 +5 0.25%
GlobalDow
2,506 +2 0.07%
Gold
1,279 -1 0.11%
Oil
45.18 +0.03 0.07%
The main European indices were expected to open higher, though foul weather in the United States will curb activity on Wall Street. The Federal Reserve also starts its first policy meeting of the year, in what is a busy week for earnings. Japan's Nikkei gained 1.4 percent, while Australia's main index added 0.8 percent
Microsoft Corp. on Monday said its earnings fell more than 10% during the quarter ended December on costs related to its streamlining effort and its integration of the mobile phone business acquired from Nokia last year.
Shares fell about 3% in recent after-hours trading as the company's collection of software like Windows,