Sure! Biar cuannya nanti bisa borong cumi goreng tepung... [?] On Mon, Feb 16, 2009 at 1:15 PM, Cumi Goreng Tepung <cumie...@gmail.com>wrote:
> GOLD MINE at a cheap price, anyone? > > > On Mon, Feb 16, 2009 at 1:09 PM, Rei <highwaysta...@gmail.com> wrote: > >> Sht....let it be...if they give us 900, we would be very happy!!! >> >> >> On Mon, Feb 16, 2009 at 1:07 PM, SyIFA Fund <syifa.f...@yahoo.com> wrote: >> >>> Ohh...ML just CAUTIOUS like usual. Underground mining is >>> difficult?come on...ML analyst should go to Aceh and Kalimantan and should >>> see that underground mining is no longer difficult...just hire the >>> Australian to do that. >>> And IF you guys carefully read this ML analyst report, you can see too >>> many conflicts in her writing. That make me CAUTIOUS also..hehe...PEACE. >>> >>> >>> >>> Regards, >>> >>> >>> SF FM >>> Where you can trust your fund >>> >>> --- On *Mon, 2/16/09, simon bolenang <simon_bolen...@yahoo.com>* wrote: >>> >>> From: simon bolenang <simon_bolen...@yahoo.com> >>> Subject: [obrolan-bandar] ANTM (TP Rp900) - Merrill Lynch: Potential >>> difficulties offset attractive price >>> To: "obrolan-bandar yahoogroups" <obrolan-bandar@yahoogroups.com>, >>> "saham yahoogroups" <sa...@yahoogroups.com> >>> Date: Monday, February 16, 2009, 5:46 AM >>> >>> >>> >>> >>> *Muted reaction to recent gold asset acquisition* >>> ANTM has signed a Heads of Agreement to transfer ownership of PT >>> Cibaliung >>> Sumber Daya (CSD) from Arc Exploration to ANTM. ANTM will settle Arc's >>> US$8mn debt to ANZ. The move should effectively make ANTM the sole owner >>> of >>> the undeveloped Cibaliung gold mine, in which CSD has a 95% stake. While >>> we >>> think the price is attractive, our reaction is muted given past project >>> delays and >>> mining difficulty. Mining is by underground cut-and-fill stoping with >>> decline access. >>> *Cibaliung mining not straightforward, in our view* >>> True, ANTM might get Cibaliung for a cheap price: US$8mn for a 95% stake >>> in >>> Cibaliung, which has 412,000 oz reserves (US$20.4/oz) . And we understand >>> Arc >>> has spent a substantial amount to develop the mine. However, considering >>> project >>> commissioning has been delayed for around two years on capex overrun, >>> some >>> financing difficulty and some development phase delays, we are now at the >>> "wait >>> and see" stage. ANTM is targeting to spend an additional US$35-40mn to >>> bring it >>> into operation in 2H10. >>> *ANTM still largely a nickel company after the acquisition* >>> We view Cibaliung more as a replacement for ANTM's Pongkor gold mine >>> rather >>> than a significant addition. As of December 2007, Pongkor gold reserve >>> was >>> 742,750 oz, which we estimate can last for another 3-4 years based on >>> historical >>> peak production. By 2011 we expect ANTM to still be largely a nickel >>> producer, >>> with nickel contributing about 70% of total revenue. >>> *Our stance: still cautious near term* >>> We have yet to see a rebound in nickel price with LME inventory still >>> creeping up >>> and the global economy yet to recover. We await FY08 results to get >>> fuller details, >>> and indicators to what lies ahead. ANTM has warned of a potential >>> derivative loss, >>> which we believe could negatively impact its cash position. As of Sep >>> 2008, its net >>> cash was ~US$260mn. >>> >>> This message and any attachment are confidential and may be privileged or >>> otherwise protected from disclosure. If you are not the intended recipient >>> please telephone or e-mail the sender and delete this message and >>> all attachments from your system. If you are not the intended recipient you >>> must not copy this message or any attachment or disclose the contents to any >>> other person. >>> >>> E-mail transmission cannot be guaranteed to be secure, error-free or >>> virus-free. The sender therefore does not accept liability for any errors, >>> omissions or consequences which arise as a result of e-mail transmission. >>> This message is provided for informational purposes and is not intended to >>> nor will it create any binding legal relations. If verification is required >>> please request a hard-copy version. This message should not be construed as >>> a solicitation or offer to buy or sell any securities or related financial >>> instruments. >>> >>> >>> >>> >>> >>> >> >> >> > > > -- > > Salam, > Korban BUMI? Makan cumi saja! > > >
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