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Gold Fields Ltd. Message Board

  • evilwallstreet evilwallstreet May 3, 2013 3:56 PM Flag

    SBGL is a give away at $3.55/share

    Strong LOAD UP
    GFI will delink with SBGL soon.

    Sentiment: Strong Buy

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    • H1 2013 earnings are destined to come in at $185 mio ($1.01/share) assuming $1384 gold price going forward.

    • BTW, Sibanye owns those assets that made 87% of Gold Fields production back in 2000, 3.4 mio ozs back then at a cash cost of $195.
      65 mio ozs in resources + 30 mio ozs Gold Fields eliminated from the 2000 resource figures (calculated at $270 price of gold). 30 mio ozs got mined in the past 12 years.

    • Don't know what's up with them, perhaps people are scared of civil war likestrikes.

      Sibanye did make $110 - $120 net earnings in the first quarter alone, market cap $570 mio.
      They reported their earnings between the lines: $66 fcf + $63 of loan repayed to get below R4 bn gross debt (which is of course no fcf but belongs into net earnings).

      Costs will get lower in the second quarter, production rise 14%. Assuming current Rand/$ rate and gold price they will still make north of $300 net cash and fcf. 13-15% dividend yield at payout of 25% I guess. Next year 35% payout.

      The stock will sink as long as no dividend is declared. And we could get a multi-month strike, so keep some of your powder dry for even better prices.

 
GFI
4.195-0.018(-0.42%)10:25 AMEST

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