SOUTH AFRICAN MINING Message Board

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Gold/Mining/Energy : SOUTH AFRICAN MINING

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To: JS who wrote (173)	9/14/1998 6:34:00 PM
From: POLARBEAR	of 472

'De Beers took my mine' wn.apc.org I'm sure you must be well aware of this, but just in case here's the article. Although I never considered the diamonds a key asset of RANGY, certainly loosing 60% of it unexpectedly to De Beers negatively impacted the stock this spring. This could account for the lower share price of now, but seeing a company loose, say 10 to 20% of their assets through no fault of their own, and watch the market overreact by crushing the stock price makes me bullish. Sure if we could have seen this coming, it would have been smart to hold off buying. But my belief and thus my actions say that this is a temporary situation, and as the word gets out about rangy and specifically RR, things will once again heat up. And the diamond play was certainly not a disaster as it could have been as RANGY is receiving somewhere in the neighborhood of $10-16 million bucks cash for their share. This will be funneled into more expansion at RR. Getting close on posting the rangy web site...bear with me...its a lot of work. PB

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