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So, JaDEB, you think that's a good move by Investec ?
I am not a resources guru, but agree with what P. Theron says in the video. Not Hot.

Sibanye-Hot or not

 

FIRM INTENTION BY SIBANYE GOLD TO MAKE A CASH OFFER TO ACQUIRE THE
 ENTIRE ISSUED ORDINARY SHARE CAPITAL OF WITS GOLD AT ZAR 11.55 PER
         SHARE AND SIBANYE GOLD CAUTIONARY ANNOUNCEMENT
 

Is here, just very busy, trying to finish off. On Holiday from tomorrow.  If OCE stayed where it was (not down 4%) I would have sold it and bought SGL.

Had message from my Brother Darrel, not my other brother Darrel. He said, I must be more riskier with our portfolio. Thus 2014 is going to be make or break.

If I forget, please remind me...

Damn, this is abit over my head, my standard 6 lower grade maths does not grasp this.



Bitcoin Basics
 
Creation of coins
 
The creation of coins must be limited for the currency to have any value.

New coins are slowly mined into existence by following a mutually agreed-upon set of rules. A user mining bitcoins is running a software program that searches tirelessly for a solution to a very difficult math problem whose difficulty is precisely known. The difficulty is automatically adjusted regularly so that the number of solutions found globally, by everyone, for a given unit of time is constant: an average of 6 per hour. When a solution is found, the user may tell everyone of the existence of this newly found solution, along with other information, packaged together in what is called a "block".
 
Blocks create 25 new bitcoins at present. This amount, known as the block reward, is an incentive for people to perform the computation work required for generating blocks. Roughly every 4 years, the number of bitcoins that can be "mined" in a block reduces by 50%. Originally the block reward was 50 bitcoins; it halved in November 2012. Any block that is created by a malicious user that does not follow this rule (or any other rules) will be rejected by everyone else. In the end, no more than 21 million bitcoins will ever exist.
 
Because the block reward will decrease over the long term, miners will some day instead pay for their hardware and electricity costs by collecting transaction fees. The sender of money may voluntarily pay a small transaction fee which will be kept by whoever finds the next block. Paying this fee will encourage miners to include the transaction in a block more quickly.
 

Arrgggg....missed the SGL boat again.

I almost sold mine of Thursday,   got sidetracked and forgot

Rangold (RNG) have declared a special divi of 225 cents from income reserves, due to recent settlement with PWC, The divi is 50% of the current share price - R4.50.

Interesting, what do you guys think?

THE completion of business rescue of Southgold Exploration meant the Burnstone gold mine in Balfour, Mpumalanga, was likely to resuscitate the economy of the area, Peter van den Steen, the mine’s business rescue practitioner, said yesterday.

Burnstone is 100 percent owned by Southgold, which was previously held by JSE- and Toronto-listed Great Basin Gold.

Great Basin Gold filed for business rescue at Southgold in September 2012. The company invested $500 million (R5.4 billion) to develop the mechanised mine, but went into liquidation after running into financial difficulties.

Wits Gold became the winning bidder for Southgold Exploration from the business rescue practitioner.

Sibanye Gold, South Africa’s second-largest gold producer, exercised its option to acquire Southgold and Burnstone last year after buying Wits Gold for $7.4m and taking on $177.3m in bank debt owed. Sibanye has plans to spend R1 billion to develop the ore body.

The business rescue process started 22 months ago and was completed on Monday.

“The completion of the business rescue is huge. The mine was facing liquidation, which could have resulted in a hole in the ground and some scrap metal around it, as all licences and rights lapse when a mine is liquidated. This would have been another Aurora empowerment controversy,” Van den Steen said.

Aurora was named the preferred bidder for Pamodzi’s liquidated Orkney and Grootvlei mines and was blamed for stripping the assets and selling them for scrap metal.

Van den Steen was roped in by Southgold to initiate the business rescue and proposed restructuring of the company’s debt and the sale of Burnstone.

The completion of the business rescue would allow Sibanye to develop Burnstone, James Wellsted, a Sibanye Gold spokesman, said yesterday.

Sibanye had completed a due diligence on the mine and needed to work on understanding the ore body before projections for production were made public. Approval for the plans from the executive committee were also outstanding, he said.

The company planned to use conventional mining methods and would mine only higher grade ore, unlike Great Basin, which planned to mechanise. “We are still developing our production plans and strategy, so any forecasts on issues like jobs and life of mine are pure speculation at this stage.”

Lara Kahn, a partner at Webber Wentzel, which represented Van den Steen, said this was the first and largest business rescue success in South Africa. The transaction was a real “shot in the arm” for business rescue.

She believed that South Africa could see a continued rise in business rescue transactions. “This is a real good news story for South African enterprises as the Southgold business rescue impacts both the mining industry and the financial sector.”

Great Basin Gold shares are currently suspended.