ati-ati aja, kali aja ada ML's Daisy Suryo strikes back! Salam, Korban BUMI? Makan cumi saja!
On Mon, Feb 16, 2009 at 3:55 PM, Yudizz <y_d...@mail2web.com> wrote: > Si ML ini belum tahu ya kalo embernya Pak Rei gede banget. Bukan ember > lagi, udah kaya waduk malah. Kekekek... > > Canda Bos... > > Regards, > Yudizz > > Send from My Nokia Nseries > supported by Mail for Exchange 2.0 > > > --- original message --- > From: "Rei" <highwaysta...@gmail.com> > Subject: Re: [obrolan-bandar] ANTM (TP Rp900) - Merrill Lynch: Potential > difficulties offset attractive price > Date: 16th February 2009 > Time: 1:09:35 pm > > 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. > > > > > > > > > > > > > > > > > ------------------------------------ > > + + > + + + + + > Mohon saat meREPLY posting, text dari posting lama dihapus > kecuali diperlukan agar CONTEXTnya jelas. > + + + + + > + +Yahoo! Groups Links > > > >
