3376
Strike over ? 
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3377
Shares / Re: Pulverized Sand Box
« on: July 28, 2014, 11:10:55 am »
ABL - Playing waiting game here. 
SGL - Dropped 9% on friday. Close to bottom line of bollinger
APN -
DRD -
Hindsight is the perfect sience
SGL - Dropped 9% on friday. Close to bottom line of bollinger
APN -
DRD -
Hindsight is the perfect sience
3380
Shares / Re: Pulverized Sand Box
« on: July 25, 2014, 02:26:35 pm »
DRD.
Net Asset Value Per Share (ZARc) (cents) 345.89 350.13
Headline (loss)/earnings 9 months to
31 Mar 2014
9 months to
(10)
Mar 2013
59
Financial review
Revenue was down 17% from R1 638.4 million due to lower gold production
and a drop in sales of 10% from 112 912oz, together with an 8% decline in
the average Rand gold price received for the period to R431 159/kg.
After accounting for net operating costs – 9% higher at R1 154.6 million
– operating profit was 64% lower at R207.4 million. The cash operating
margin declined from 35% to 14% and the all-in sustaining costs margin
from 22% to 2%.
EBITDA declined from R401.3 million to R89.9 million and a headline loss
of 10 ZAR cents per share was recorded compared with earnings of 59 ZAR
cents per share
LOOKING AHEAD
Twelve months ago, when our Ergo plant consisted only of the Low Grade
Section and when the gold price was U$1 683/oz, our market capitalisation
was almost twice what it is today.
Now, by suspending the High Grade Section, we have returned the business
to a condition similar to that of a year ago with a Rand gold price that
is still very favourable. Notwithstanding the events of the quarter under
review, we remain firmly of the view that the difficult part of the project is
behind us. The flotation circuit and the mills work, and our theory that we
can isolate the gold-bearing pyrites, and grind them down to liberate the
gold they shield, has been proven in practice.
Our focus and efforts, therefore, remain to find a way to take advantage
of this technology without compromising the “bread-and-butter” part of
the operations. We said in our announcement to the market early in April
that we thought this might take three to four months to complete. Due
to the fact that the Low Grade Section is essentially back to stable state,
and because of the very high confidence threshold that we are demanding
before we will again expose the Low Grade Section to the FFG and High
Grade Section process, we have decided that, rather than work towards a
date, we will work towards an outcome.
Niël Pretorius
Chief executive officer
Net Asset Value Per Share (ZARc) (cents) 345.89 350.13
Headline (loss)/earnings 9 months to
31 Mar 2014
9 months to
(10)
Mar 2013
59
Financial review
Revenue was down 17% from R1 638.4 million due to lower gold production
and a drop in sales of 10% from 112 912oz, together with an 8% decline in
the average Rand gold price received for the period to R431 159/kg.
After accounting for net operating costs – 9% higher at R1 154.6 million
– operating profit was 64% lower at R207.4 million. The cash operating
margin declined from 35% to 14% and the all-in sustaining costs margin
from 22% to 2%.
EBITDA declined from R401.3 million to R89.9 million and a headline loss
of 10 ZAR cents per share was recorded compared with earnings of 59 ZAR
cents per share
LOOKING AHEAD
Twelve months ago, when our Ergo plant consisted only of the Low Grade
Section and when the gold price was U$1 683/oz, our market capitalisation
was almost twice what it is today.
Now, by suspending the High Grade Section, we have returned the business
to a condition similar to that of a year ago with a Rand gold price that
is still very favourable. Notwithstanding the events of the quarter under
review, we remain firmly of the view that the difficult part of the project is
behind us. The flotation circuit and the mills work, and our theory that we
can isolate the gold-bearing pyrites, and grind them down to liberate the
gold they shield, has been proven in practice.
Our focus and efforts, therefore, remain to find a way to take advantage
of this technology without compromising the “bread-and-butter” part of
the operations. We said in our announcement to the market early in April
that we thought this might take three to four months to complete. Due
to the fact that the Low Grade Section is essentially back to stable state,
and because of the very high confidence threshold that we are demanding
before we will again expose the Low Grade Section to the FFG and High
Grade Section process, we have decided that, rather than work towards a
date, we will work towards an outcome.
Niël Pretorius
Chief executive officer
3381
Shares / Re: Pulverized Sand Box
« on: July 25, 2014, 10:31:47 am »
Frikkin strike continues .... 
ABL -
APN -
SGL - 
DRD - Will do my weekly thing on DRD.
ABL -
APN -
SGL -
DRD - Will do my weekly thing on DRD.
3382
Shares / Re: Pulverized Sand Box
« on: July 23, 2014, 12:21:58 pm »
APN - 
SGL - Read good article yesterday -
PNC -
ABL -
SGL - Read good article yesterday -
PNC -
ABL -
3383
Shares / Re: Today's Outlook
« on: July 23, 2014, 09:17:24 am »
"Ja, ja I know, babbling – but I feel very uninspired atm so forgive me"...
My wife and I am in the engineering field, wife is at home, strikers forced the company she work for closed... us, we have to see on daily basis if we can get to work. Have been visited by these people 3 times.
So ja, feel the same as you.
My wife and I am in the engineering field, wife is at home, strikers forced the company she work for closed... us, we have to see on daily basis if we can get to work. Have been visited by these people 3 times.
So ja, feel the same as you.
3384
Shares / Re: EASTPLATS
« on: July 22, 2014, 05:13:50 pm »
It seems it did 10-1 split Price is now 1186c Now u will have 100 share @ R11,86 ea = R1186.00
The Consolidation and Stock Split achieved a 10 to 1 consolidation and eliminated all of the shareholdings of less than 1,000 pre-
Consolidation shares in exchange for the cash payment of $0.11 (ZAR1.04) per share
The Consolidation and Stock Split achieved a 10 to 1 consolidation and eliminated all of the shareholdings of less than 1,000 pre-
Consolidation shares in exchange for the cash payment of $0.11 (ZAR1.04) per share
3385
Shares / Re: EASTPLATS
« on: July 22, 2014, 08:03:58 am »
I read it as 1,000 old for 1 new basis, hence the 800% rise in share price
3386
Shares / Re: EASTPLATS
« on: July 21, 2014, 01:54:07 pm »
NEWS RELEASE
EASTERN PLATINUM LIMITED CLARIFIES EFFECTIVE
TRADING DATE FOR ITS CONSOLIDATED COMMON SHARES
July 18, 2014, Vancouver, British Columbia – Eastern Platinum Limited (“Eastplats” or the “Company”)
(TSX: ELR; JSE: EPS) – Further to its news release of July 15, 2014, the Company wishes to announce
that its common shares will now commence trading on the Toronto Stock Exchange on a post split and
post consolidated basis at the market opening on Monday July 21, 2014, not Friday July 18, 2014 as
previously reported.
Pursuant to a special resolution passed by shareholders on June 12, 2014, the Company effected a
consolidation of its common shares on a 1,000 old for 1 new basis (the “Consolidation”) on July 15, 2014.
Shareholders holding less than one full share post-Consolidation are entitled to a cash payment of $0.11
(ZAR1.04) per share of their holdings on a pre-Consolidation basis in lieu of a fractional share, such
amount being equal to the average weighted trading price of the pre-Consolidated Shares on the TSX (and
the JSE) for the ten trading days preceding the effective date of the Consolidation. Following the
Consolidation, the Company immediately completed a stock split on the basis of 1 old for 100 new, with
fractional shares being rounded to the nearest whole number (the “Stock Split”). The Consolidation and
Stock Split achieved a 10 to 1 consolidation and eliminated all of the shareholdings of less than 1,000 pre-
Consolidation shares in exchange for the cash payment of $0.11 (ZAR1.04) per share.
Shareholders on the South African sub-register are advised that the JSE timetable relating to the
Consolidation and Stock Split, as previously announced on SENS, remains unchanged.
EASTERN PLATINUM LIMITED CLARIFIES EFFECTIVE
TRADING DATE FOR ITS CONSOLIDATED COMMON SHARES
July 18, 2014, Vancouver, British Columbia – Eastern Platinum Limited (“Eastplats” or the “Company”)
(TSX: ELR; JSE: EPS) – Further to its news release of July 15, 2014, the Company wishes to announce
that its common shares will now commence trading on the Toronto Stock Exchange on a post split and
post consolidated basis at the market opening on Monday July 21, 2014, not Friday July 18, 2014 as
previously reported.
Pursuant to a special resolution passed by shareholders on June 12, 2014, the Company effected a
consolidation of its common shares on a 1,000 old for 1 new basis (the “Consolidation”) on July 15, 2014.
Shareholders holding less than one full share post-Consolidation are entitled to a cash payment of $0.11
(ZAR1.04) per share of their holdings on a pre-Consolidation basis in lieu of a fractional share, such
amount being equal to the average weighted trading price of the pre-Consolidated Shares on the TSX (and
the JSE) for the ten trading days preceding the effective date of the Consolidation. Following the
Consolidation, the Company immediately completed a stock split on the basis of 1 old for 100 new, with
fractional shares being rounded to the nearest whole number (the “Stock Split”). The Consolidation and
Stock Split achieved a 10 to 1 consolidation and eliminated all of the shareholdings of less than 1,000 pre-
Consolidation shares in exchange for the cash payment of $0.11 (ZAR1.04) per share.
Shareholders on the South African sub-register are advised that the JSE timetable relating to the
Consolidation and Stock Split, as previously announced on SENS, remains unchanged.
3387
Shares / Re: Pulverized Sand Box
« on: July 21, 2014, 09:36:36 am »
ABL - Stabilising ?
APN - Go above the R300 mark please - I think the rand strenght is limiting factor
SGL - Platinum to be in the mix short term ?
APN - Go above the R300 mark please - I think the rand strenght is limiting factor
SGL - Platinum to be in the mix short term ?
3389
Shares / Re: Pulverized Sand Box
« on: July 17, 2014, 09:29:56 am »
ABL - R7 level - heading higher or will it go to R6.
GLN - Crossed top BOL line
NPN -
SGL - High hopes
WOnder wHerE is MoNeYPennY ? SchOle HOllIday ?
GLN - Crossed top BOL line
NPN -
SGL - High hopes
WOnder wHerE is MoNeYPennY ? SchOle HOllIday ?
3390
Shares / Re: More Advice and Direction
« on: July 17, 2014, 08:51:13 am »
gcr wrote "When you pay capital away it is very difficult to build it up again as one always finds an excuse not to have the discipline of refunding the capital.
You have been paying off your bakkie since 2010 so you are pretty used to making this commitment every month, and your interest rate is below prime so you are alright there."
I cannot agree more, people decide to pay off items using cash, then use the "free" instalmant extra money on other items, if I can have a NPN share for everytime some1 asked me for advise , how to start investing, then later you hear they did something else, bought a bee farm or something.
You have been paying off your bakkie since 2010 so you are pretty used to making this commitment every month, and your interest rate is below prime so you are alright there."
I cannot agree more, people decide to pay off items using cash, then use the "free" instalmant extra money on other items, if I can have a NPN share for everytime some1 asked me for advise , how to start investing, then later you hear they did something else, bought a bee farm or something.