| Re: SIM [message #50578] |
Mon, 01 March 2010 15:14   |
CFD Trader
Messages: 570
Registered: January 2010
Location: Pretoria,ZA |
Senior Member |
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Profit = R5,000 (142c - 137c) x 100,000 / 24,660 - Initial margin requirement (18%)
= 20.27%
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| Re: SIM [message #50596] |
Mon, 01 March 2010 22:44 |
'Woes' 
Messages: 368
Registered: August 2009
Location: Kaap Stad |
Senior Member |
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| CFD Trader wrote on Mon, 01 March 2010 15:11 | Hmm I see Mr SIM is listening nicely and are currently nicely trending inbetween my BAND mentioned last Friday, down to 130c this morning and currently sitting on 142c eissh
Woes, apologies for not yet posting, was kinda busy and kids sick with Tonsilitis and Maaggriep, stupid creche siektes !!
Just returned form Dr.
I have just exited my long trade entry of buy 137c 100,000 SIM at 142c
Do u want a live trade account spreadsheet format or trade log sheet format ?
I think a trade log sheet format would be the best, for all forumites to follow etc..
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THANKS. A spread sheet format which all 'forumites' can use to record their trades including ordinary - shares - only traders.
'Don't tell me what to buy, tell me WHEN to buy it.'
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| Re: SIM [message #50825] |
Thu, 04 March 2010 19:53 |
CFD Trader
Messages: 570
Registered: January 2010
Location: Pretoria,ZA |
Senior Member |
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Tested supply at 133c twice this week now
I bought yesterday real trading 25,000 shares x 135c
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| Re: SIM [message #51217] |
Thu, 11 March 2010 15:25 |
CFD Trader
Messages: 570
Registered: January 2010
Location: Pretoria,ZA |
Senior Member |
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I believe it will soon go up, jsut before RT 15:00 today it yet again touched the important 120c level, AND like a superspringbok rugbyball it bounced back up quickly with the downward pressure being applied to a fix surface resisting it..becoming too hot
127c now, methinks this could go to 150c+ next week..
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| Re: SIM/Gold [message #51218] |
Thu, 11 March 2010 15:27 |
CFD Trader
Messages: 570
Registered: January 2010
Location: Pretoria,ZA |
Senior Member |
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AND I also think Gold has been applying alot of pressure to the $1,100 level, which is holding up very strong this week, my view it will also start going back up about now..15:30
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| Re: SIM [message #51236] |
Fri, 12 March 2010 06:47 |
tammy
Messages: 69
Registered: September 2007
Location: Glenvista |
Member |
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Lets wait and see, now we need Tau Lekoa to be transferred and a small loan  to FUM.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 11, 2010) - Gold Wheaton Gold Corp. ("Gold Wheaton") (TSX:GLW) is pleased to announce the financial results of its first full year of operations for the year ended December 31, 2009 (unless otherwise indicated, all dollar amounts are expressed in United States dollars).
2009 HIGHLIGHTS
Revenue from the sale of precious metals for the year ended December 31, 2009 of $62.6 million ($15.4 million 2008), an increase of 300% primarily as a result of higher metal deliveries from FNX Mining Company Ltd. ("FNX") and First Uranium Corporation ("First Uranium").
Operating cash flow for the year ended December 31, 2009 of $23.8 million ($2.4 million 2008).
Net income for the year ended December 31, 2009 was $2.3 million ($0.02 per share). This included adjustments for a future income tax expense of $7.3 million (primarily due to the Company's election to change its reporting currency to USD); interest expense of $5.7 million (primarily due to note debentures issued during 2009) and foreign exchange losses of $5.7 million (primarily as a result of weakening of the US dollar against the Canadian dollar denominated long term liabilities). 2009 net income was $7.8 million higher than the net loss of $5.4 million ($0.12 per share) for the year ended December 31, 2008, mainly due to 12 months of deliveries in 2009 from both FNX and First Uranium compared to 5.5 months and 0.5 month respectively in 2008.
For the year ended December 31, 2009, 59,827 gold equivalent ounces were delivered to the Company compared to 18,985 gold equivalent ounces in 2008, an increase of 215%. FNX delivered approximately 38,908 gold equivalent ounces after the settlement of prior period sales, compared to 18,761 gold equivalent ounces for the year ended December 31, 2008. First Uranium delivered approximately 20,919 gold ounces for the year ended December 31, 2009, compared to 224 ounces for the year ended December 31, 2008.
At December 31, 2009, the Company had cash and short term investments of $87.1 million and working capital of $56.9 million compared to $7.4 million and $14.5 million, respectively, on December 31, 2008.
During the year, the Company closed a CDN$107 million debt financing. The Company issued two series of 10% Senior Secured Notes, due May 26, 2014 (the "Series 1 Notes") and due November 26, 2009 (the "Series 2 Notes"), with a principal amount of CDN$57 million and CDN$50 million respectively. In connection with the issuance of the Series 1 Notes and Series 2 Notes, the Company issued 7,125,000 and 6,250,000 warrants respectively to the Secured Notes holders at an exercise price of CDN$5.00 per share for a period of 5 years following the closing of the offering.
On December 8, 2009, the Company entered into an agreement with First Uranium (the "EMC Agreement") to purchase 7% of the life-of-mine gold production from First Uranium's Ezulwini Mine in South Africa, subject to a minimum delivery of 16,500 and 19,500 ounces of gold in 2010 and 2011 respectively. Gold Wheaton made an upfront cash payment of $50 million, with a per ounce cash payment of the lesser of $400 (subject to an inflationary adjustment) and the prevailing market price being due for gold delivered under the EMC Agreement.
Subsequent to December 31, 2009, the Company graduated to the TSX Exchange effective February 4, 2010. Concurrently, the Company completed a 10:1 common share consolidation of the total number of issued and outstanding common shares as approved at the January 11, 2010 Special Meeting of Shareholders. As a result of the share consolidation, the Company has approximately 143,047,466 common shares outstanding. All stock options and common share purchase warrants were consolidated on the same basis as the common shares and have been re-priced accordingly.
"We performed well in 2009, despite a number of issues that had to be resolved by our gold stream partners. The impact of the Vale strike on FNX was minimized after decisive action by FNX to find alternate offtake avenues. We look forward to increased delivery of precious metals from their Levack footwall zone over 2010 and beyond. Despite the challenges faced by First Uranium, we believe that a permitting solution has been found to move Mine Waste Solutions forward," said David Cohen, Chairman and CEO. "We have decided to defer the institution of our maiden dividend at this time until we are comfortable that the First Uranium situation has been fully resolved."
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| Re: SIM [message #51280] |
Fri, 12 March 2010 13:58 |
CFD Trader
Messages: 570
Registered: January 2010
Location: Pretoria,ZA |
Senior Member |
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Sounds very good to me, SIM Director will resign and become FIU Director, but now SA based and managed from here.
Schoeman will take Vd Mesh's position as SIM CEO and head up Tau Lekua operations and negotiations and he was key in the past to operational agreements, negotiations etc..
SIM will help FIU in new funding requirement through bridging Loan from RMB, this will enable FIU and SIM to re-instate and work on the mine waste and tailings project again, and see this through as profitable operation
Co's are now geared and repositioned to work together and all issues from the past seems to have been resolved
I see this going to 150c soon (2 weeks+ from now)
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| Re: SIM [message #51293] |
Fri, 12 March 2010 15:23 |
CPD
Messages: 103
Registered: September 2007
Location: Durban |
Senior Member |
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Tammy looks like there could be a glow of light at the end of the tunnel (hopefully not a train this time). I think the transfer of Tau Lekoa is a mere formality - it is just the time frame.
All we need now is gold to go back to $1200.00 and Rand to weaken to R8.00 to the $, and then who knows we could be heading for positive territory on the Trading statement.
Emotion overules reality
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| Re: SIM [message #51297] |
Fri, 12 March 2010 15:45 |
CFD Trader
Messages: 570
Registered: January 2010
Location: Pretoria,ZA |
Senior Member |
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Well H, DD BB bb
It moved up nicely- 10c in the last 90 mins after my post, looks like my horse is listening to it's trainer again...im in..
Chances to make money, more like 99.5% to me already made $365 today on SIM movement or R2,750
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will it ever go up???? Very frustrating!!!
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