Moto-Gold-Projekt

Randgold Says It Has Held Talks on Possible Acquisition of Moto
http://www.bloomberg.com/apps/news?pid=20601116&sid=aDk4KyTW…
Email | Print | A A A
[quote]
By Stewart Bailey

Feb. 25 (Bloomberg) -- Randgold Resources Ltd., the owner of mines in West Africa, said it has held talks about acquiring Moto Goldmines Ltd., the company planning to develop the Democratic Republic of Congo’s largest gold mine.

Randgold Chief Executive Officer Mark Bristow said he has spoken with the management of Subiaco, Australia-based Moto about making an all-stock purchase of the company. Some Moto shareholders have indicated they may support such a transaction, Bristow said Feb. 23 in an interview in Hollywood, Florida.

“We’ve had discussions with management to try convince them that an equity deal with us is good for everyone,” said Bristow, who is attending the BMO Capital Market Global Metals & Mining Conference. “It makes sense to do a paper deal.”

Bristow, who has overseen construction of two mines in Mali and a third in Ivory Coast, wants to tap Moto’s Congolese gold resource, which may contain as many as 22 million ounces of the metal. Moto executives negotiated with Congo’s government for more than two years before agreeing this year to give the state 30 percent of the project, which is in the country’s northeast.

Moto Chairman Sam Jonah wouldn’t comment on whether his company has been in talks with Randgold on a possible transaction.

“If we had anything to share, we’d share it with the public,” Jonah said yesterday in a telephone interview from Johannesburg. “There is nothing of significance we need to share.”

Moto fell 55 cents, or 19 percent, to C$2.40 yesterday in Toronto Stock Exchange trading. The shares have gained 30 percent this year, giving the company a market value of C$210.2 million ($168.7 million).

Second Encounter

Negotiations on a possible purchase would mark the second time Bristow has tried to acquire a company headed by Jonah, who is a former chief executive officer of Ashanti Goldfields Ltd. In 2003 and 2004, Bristow competed unsuccessfully to buy Ashanti, which was purchased by AngloGold Ltd., the precursor to AngloGold Ashanti Ltd.

Moto’s Congo project will yield 400,000 ounces of gold a year and is expected to start production in 2012, Andrew Dinning, the company’s president, said this month. The mine is expected to cost $483 million to develop and will produce 3.3 million ounces of gold over about nine years at a cost of $294 an ounce, according to a presentation posted this month on Moto’s Web site.

Digging the mine will first require environmental permitting, construction of supporting infrastructure and the relocation of people, Bristow said.

“It’s a long way to go before you can develop it,” he said.

Randgold Cash

Randgold had $257.6 million in cash at the end of last year, the company said in a U.S. regulatory filing this month. At a gold price of $800 an ounce, the company will have $500 million in cash reserves by the end of 2011, when it plans to almost double production from existing mines to about 800,000 ounces a year, Bristow said. At $1,000 an ounce, the company will have $800 million in cash at that time, he said.

Gold futures for April delivery fell $25.50, or 2.6 percent, to $969.50 an ounce yesterday on the Comex division of the New York Mercantile Exchange. The price reached a high this year of $1,007.70 an ounce on Feb. 20 and hit a record $1,033.90 last March.

An all-stock deal would allow Moto’s shareholders to retain exposure to the Congo development while benefiting from Randgold’s existing mines and a new project planned for Senegal, Bristow said.

To contact the reporter on this story: Stewart Bailey in Hollywood, Florida at sbailey7@bloomberg.net.
Last Updated: February 25, 2009 07:38 EST[/quote]

 

jetzt kommt bewegung rein..  

oder kommt sie wieder zurück???  

wenn du kaufen willst, dann schnell. die aktie wird zunächst auf 2,50 euro steigen, das entspricht 4 can $ dem angeblich gebotenen übernahmepreis.  

nix überstürzen....na ich bin jedenfalls dabei. :)  

man könnte sie vielleicht noch was billiger bekommen, bevor sie vielleicht weiter steigt,... oder sie fällt wieder auf 2,5 CAD zurück, wenn das GOLD anfängt zu schwächeln...  

bringt eh nix lehne dich zurück, deine Gelegenheit wird schon kommen!  

Goldinvest:

Fonds-Manager: Moto Goldmines Top-Pick


Ian Henderson, Fonds-Manager des Rohstoff-Fonds Global Natural Resources Fund von JPMorgan, sieht als Top-Pick im Bergbau das Goldminen-Entwicklungsunternehmen Moto Goldmines Ltd.

(WKN A0ET6S) neben etablierten Goldförderern wie Barrick Gold und Newmont Mining. Dies äußerte er in einem Interview um den 24. Februar 2009.

Autor: Sven Olsson

http://goldinvest.de/public/snapshot.asp?c=50&i=CA61981U1084

ein Trade an 3,25 CAD 256.700 Stück, jemand Großes der anfängt einzusammeln???? :-)

12:20 3.250   500
12:20 3.250   3,300
11:48 3.200   3,200
11:36 3.250   256,700  
11:29 3.210   2,600    
11:24 3.210   5,000    
11:24 3.200   400      
11:14 3.250   600      
11:13 3.250   5,000  
10:56 3.250   4,000  

http://www.motogoldmines.de/corporate/content.asp?l=1&m=11&t=111

Es kommt immer auf die Sicht an, wallw. Man könnte natürlich ebenso sagen: "jemand Großes, der anfängt abzugeben?"  

@ fellloses Pappp.  

Beides ist wohl falsch.
Abgeber und sammler fangen nicht erst an, sondern sind bereits eine Weile zu Gange!

@felloses Pappp.

wenn man es so sieht, hast du natürlich recht...
Aber so lange der Kurs steigt und es positiv für die Anleger ist, kann das ruhig so weitergehen...

Bin mal gespannt, ob wir im März schon die 4 CAD sehen...  

Wie gedenkt Mister Bristow  jetzt weiter vorzugehen?
Reaktion vom Management von MGL darauf gleich Null!

Ich sehe schon die anderen Majors hier schlange stehen.
Wer weis ob die nicht nach anderen Assets Ausschau halten.
Eventuell gibt es auch keine anderen die hier mit aufspringen wollen und
Randgold ist einziger Kandidat.

Eins hat er jedenfalls geschafft, er steht auch in der russischen Presse. Dieses Echo wurde wirklich auf der ganzen Welt gehört. Wenn jetzt nicht noch andere Bieter aufstehen, dann ist MGL vielleicht doch nicht so begehrt wie manch einer glauben machen will.

27 фев. 2009
10:44 Randgold ведет переговоры с Moto Goldmines  

            Исполнительный директор африканской компании Randgold Resources, занимающейся добычей золота, и обладающей существ...

Es ist ein Irrglaube zu denken alles dreht sich nur um Moto und die Majors schlecken sich nur die Finger danach ab, wei folgender Artikel beweist: Auch hier können jährlich 260.000 Unzen mit rund 350 USD/Unze abgebaut werden. Aber lest doch selber:

Banro looking for big brother to help fund DRC gold mine
Text Size  
By: Liezel Hill
Published on 27th February 2009
Updated 1 hour 2 minutes ago
TORONTO (miningweekly.com) – Canadian gold junior Banro Corp is looking for a strategic partner to take a stake of as much as 60%, possibly in the company itself or its flagship project, and assist in financing the construction and start up of the mine, says president and CEO Mike Prinsloo.

Earlier this month, Banro raised $14-million in a nonbrokered placement, and the firm announced on Wednesday that it had received official confirmation from top-ranking officials in the Democratic Republic of Congo that its mining convention and licences in the country are legal and secure.

The company was not part of the contract review under way in the country, and owns 100% of its projects with no parastatal participation, but wanted official confirmation from government to reassure investors.

Banro also completed a feasibility study this year on the most advanced of its four projects, Twangiza, in the east of the country, and is scheduled to file the NI 43-101 technical report on Friday.

With these key milestones checked off and the price of gold looking mighty attractive, the company finds itself in a “watershed” position, Prinsloo said in an interview at the company's Toronto offices.

Before joining Banro, Prinsloo was the CEO of Johannesburg-based Gold Fields' Business Leadership Academy, prior to which he headed up the gold-miner's South African operations.

He hopes to be able to seal an agreement with a new partner within the next three to six months, and is optimistic that the confirmation of Banro's position in the DRC will allay a lot of concerns that may have stayed the hands of potential buyers.

“That's the first question anyone asks you: 'Are your permits secure?'.

In a research note this week, RBC Capital Markets analyst Cailey Barker said the announcement should be viewed "highly positively".

The $14-million raised this month will cover the company's requirements over the next year, while it holds talks with potential partners, Prinsloo said.

“The fact that we have raised some money takes all the pressure off us from negotiating in an environment where you don't have cash, and people know it.”

The recent arrest of by Rwandan troops of rebel leader Laurent Nkunda will likely also have positive ramifications for the security situation in the eastern DRC, Prinsloo said.

Although the company's assets have not been affected by the violence about 300 km to the north, “that overhang sits with us”.

According to the Twangiza feasibility study, the mine will cost $476-million, including $67-million for Banro's 50% share of a 30 MW hydroelectric plant and a $38,9-million contingency allocation.

While it could likely have raised the cash on a solo basis about 12 to 18 months ago, the company, likes its peers, has had to watch its market capitalisation shrink dramatically, currently below C$100-million at Friday's prices.

Banro would consider a number of options for bringing on a strategic partner, including selling at a project level, at a company level, or a combination of the two.

“But I think we would probably look at just a simple percentage split of the company, at 60:40, where they have 60% and we have 40%,” Prinsloo said.

“I say 60:40; it probably could be 50:50, but whoever buys 50% of Banro would want control, so I think 60% gives the major enough that they can motivate why they are doing it, and it gives us enough that we are not giving away all the upside.”

Partners from across the industry spectrum are being considered, from senior companies, to mid-tier miners, and even private equity investors.

“We are looking for people who are serious, firstly about Africa, but also about the Congo.”

If an agreement is reached with a larger firm, it would also create opportunities for the partner to support some of the completion guarantees for the debt portion of the project finance, or even put up a loan to Banro, which could then be paid back once the project starts generating revenue, Prinsloo said.

Companies with gold assets already in the DRC include AngloGold Ashanti and Randgold Resources, which has said it wants to expand its efforts in the region. Earlier this week, Bloomberg News quoted Randgold CEO Mark Bristow as saying he had made overtures to Moto Goldmines, which is also planning to build a 400 000 oz/y gold mine in the country.

POLISHING THE NUMBERS

Over the next two or three months, Banro will also be reviewing some of the input parameters in the Twangiza feasibility study, as well as completing metallurgical test work on the refractory portion of the orebody.

When the study was being compiled, in the fourth quarter of 2008, prices for steel, diesel and other materials were still relatively strong, although they have since fallen off sharply.

Banro plans to relook at these numbers based on the current pricing outlook, and also expects that the refractory testing should add significant additional ounces into the feasibility study.

These revisions are likely to be completed by mid-April.

The feasibility study as it stands indicates that Banro could produce a total of 2,62-million ounces of gold over 15 years from the mine.

In the first five years, the mine will produce an average of 262 000 oz/y of gold, at average total operating cash costs of $358/oz.

Banro is also keen to explore and develop four satellite targets, which Prinsloo estimates could possible allow the company to double Twangiza's size in the next two years.

Shares in the company slid 0,64% on Friday, to C$1,56 apiece by 12:22 in Toronto.  

Diese Meinung halte ich für übertrieben oder besser: übertreibend !

Hier wurde ein Luftballon mit dünner Luft aufgepustet. Das zeigt sich daran, dass der Mr. Bristow offenbar von Beginn an nicht mit der Akzeptanz der MOTO-Aktionäre gerechnet hat. Das, was da zu Papier steht, das ist das Papier nicht wert.
Wenn keine weiteren Angebote kämen, dann werden wir eine Kapitalerhöhung erleben und den Gang in die eigene Produktion. Bristow will ja mit Randgold bis 2012 800 Millionen Dollar Cash haben. Dann soll er erneut anklopfen, wenn diese vorhanden sind.

Jedenfalls war dieser "bekannt gewordene" Luftballon zum Platzen verurteilt, noch bevor er richtig aufgeblasen wurde.

Was ist Moto Goldmines wirklich wert?
Verfasst von athaos am So, 2009-03-01 11:20.
LimesInvestor: Wir sagten unseren in Moto Goldmines (MGL.CA) Investierten bereits: "Eine Übernahme wäre keine Überraschung"! Nun hat Mark Bristow, CEO von Randgold Resources, das Interesse bestätigt und auch zugegeben, dass sie sich schon längere Zeit mit diesem Gedanken tragen, was ihre lange Anwesenheit in der DRC zu bestätigen scheint. Gespräche in Perth und auf Resourcenmessen fanden statt. Zu einem konkreten, offiziellen Angebot scheint es jedoch noch nicht gekommen zu sein, diese müssen zwingend den Shareholdern durch Veröffentlichung zur Kenntnis gebracht werden.

(LI) rät zur Gelassenheit und zu Vertrauen zum MGL-Management. Den Worten in der Öffentlichkeit nach, ist es keine "feindliche Übernahme", sondern es wird in Ruhe mit dem Management von MGL abgestimmt.

Wir,(LI), können uns einen Aktientausch im Verhältnis X (MGL) : 1 (RRS) vorstellen, vielleicht sogar mit gewissen Boni für längere Haltedauer verbunden, denn Bristow kündigte an, dass Moto Investierte mit an der Entwicklung der Mine profitieren könnten.
Ein zu billiges Angebot würde allerdings weitere Interessenten auf die Bühne (aus Südafrika?) locken, das weiß Mark Bristow - auch sind die Shareholder - Mehrheitsverhältnisse für Moto recht komfortabel. Und Sir Sam Jonah? An ihm scheiterte schon mal eine Übernahme (Ashanti Gold), das hat Bristow bestimmt auch noch nicht vergessen.

Es wäre nicht ausgeschlossen, dass auf der HV von RRS im April bereits die Genehmigung der RRS-Shareholder eingeholt wird.  

Wenn es ernsthaftes Interesse bei anderen potenziellen Übernehmern gibt, dann werden diese sich von einem Randgold-Übernahme-Angebot nicht abschrecken lassen, selbst den Hut in den Ring zu werfen.

Wir dürfen hoffen, dass diese lächerliche erste Tuchfühlung durch Mr. Bristow nicht alles war, was da auf uns zukommt.

Jedenfalls, sollte es zu einem Aktientauschangebot kommen, dann ist höchste Achtsamkeit durch die Shareholder geboten. Zur Zeit scheint mit Randgold weit überbewertet und MOTO Goldmines weit unterbewertet.

http://www.tmcnet.com/usubmit/2009/03/02/4023532.htm

Bisher angepeilte Minenlebensdauer 16 Jahre. Durchschnittliche jährl. Produktion 484 000 Unzen !!

http://de.advfn.com/nachrichten/...ed-Feasibility-Study_36465915.html

"Bisher angepeilte Minenlebensdauer 16 Jahre. Durchschnittliche jährl. Produktion 484 000 Unzen !!"

Laut dem geposteten Link, ist diese durchschnittliche Produktion auf die ersten fünf Jahre angesetzt: "Average annual output of 484,000 oz of gold over the first 5 years..." oder "Gold production over the first five years is expected to average 484,000 ounces per annum."

 

 

 

 

Bin gespannt, wo Haywood in ihrer aktuellen Analyse den fairen Wert von MGL sieht, nachdem die U-Studie raus ist. Jemand conections?  

Stimmt. Die wollen ja nach den 5 Jahren sogar mehr produzieren.

INVESTMENT INSIGHTS
Major gold resource in the DRC likely to be mined

Moto Goldmines unveils $438m optimized feasibility study for life-of-mine production of 4.8m ounces at $318/ounce cash cost.
Author: Barry Sergeant
Posted: Monday , 02 Mar 2009

JOHANNESBURG -

Few, even among major miners, are not dazzled by the 22.5m ounce gold resource held by Moto Goldmines in the north eastern Democratic Republic of the Congo, a number that compares, broadly, with Alaska's Donlin Creek (held 50:50 by Barrick, the world's biggest gold miner, and Novagold), Cerro Casale (held by Barrick and Kinross), and Las Cristinas (held by Crystallex).

Following a recent uptick in settlements and clearances under the DRC's mining review, Moto on Monday released the findings of an optimized feasibility study for the project. Project economics are "significantly enhanced" by introducing a high grade underground mine "and adopting a value acceleration strategy for the open pit mine scheduling".

Probable mineral reserves of 42.3m tons at 4.0 grams a ton deliver 5.5m ounces of gold; life-of-mine gold production is put at 4.8m ounces, with an average estimated cash cost of $318 per ounce produced. Further detail is for average annual output of 484,000 ounces of gold over the first five years at an average unit cash cost of $303 per ounce, giving a project payback period of 3.1 years at a gold price of $750 per ounce.

Pre-production capital and infrastructure cost estimates total $438m, including contingency ($32m) and 18 months of underground development activities ($32m); deferred and sustaining capital expenditure over the operation's 16 year life is estimated at a total $180m.

Key features of the planned underground mine include a 12 year mine life, with steady state production of around 1.5m tons a year; mineral reserves of 11.6m tons at 6.2 grams a ton, for 2.3m ounces of gold, and life-of-mine cash costs of $281 per ounce produced. The planned open pits are seen as having a seven year mining period (excluding a pre-strip period), followed by a stock reclamation period of nine years. Mineral reserves are put at 30.7m tons at 3.2 grams a ton, for 3.2 Moz of gold, and life-of-mine unit cash costs of $343 an ounce.

There is no question that Moto has one of Africa's best undeveloped gold projects, and also no question that the projects sit in one of Africa's most challenging countries. AngloGold Ashanti is also active in the area, as is Banro, but quite some distance south, in the troubled Kivu provinces. Moto has a 70:30 joint venture with parastatal group Okimo, giving Moto attributable gold ounces of 15.8m ounces.

While Moto's stock price has performed very well of late, in absolute and relative terms, Moto's market value, expressed as to its resource ounces, is around $14 an ounce. This can be compared to the 14m ounces held by Randgold Resources across its three projects, Loulo and Morila in Mali, and Tongon in Cote D'Ivoire, valued at around $250 an ounce on the same basis. Randgold Resources recently expressed an interest in a possible scrip deal to absorb Moto.

Perhaps the two most relevant recent transaction multiples in this context are the Iamgold/Orezone merger at $26 a resource ounce, for Orezone's 5.3m ounce Essakane property in Burkina Faso, and Kinross's $86 a resource ounce takeover of Aurelian, where the Fruta del Norte property holds 14.1m gold equivalent ounces of resource.

The Kinross/Aurelian transaction occurred in July 2008 when Ecuador was under a "mining freeze", similar to that seen in the DRC. Aurelian traded as high as CAD 10.00 a share in March 2008, before collapsing to CAD 3.00 in April as the governmental review was announced. Kinross agreed a scrip deal with Aurelian's shareholders at CAD 6.00 a share, with a full value of CAD 936m.

Moto has been drilling its DRC properties since 2003; the country's previous colonial masters mined 11m ounces of gold from the properties. Barrick, the world's biggest gold miner, owned the Moto properties but let them go when another DRC war broke out in 1998.

While Randgold Resources has been the exception rather than the rule in expressing an interest in Moto, Golden Star has held a stake in Moto. This may change, with steadily improving DRC country risk appetite; Freeport-McMoRan and First Quantum, two big copper miners, have hinted of late to positive license reviews for the Katanga Province's Tenke Fungurume and Kolwezi projects, respectively, triggering the restart of project finance of $600m and $200m, respectively.

In Moto's case, the finalisation of Moto's 70:30 joint venture with Okimo would complete the final piece of legal processes that in the words of one analyst "makes Moto's title to its world class project bullet proof" Beyond Randgold Resources, other gold names that may be particularly interested in Moto include Red Back, AngloGold Ashanti, Harmony, Newmont, and Golden Star.