RANDGOLD and EXPLORATION (RANGY) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : RANDGOLD and EXPLORATION (RANGY)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: POLARBEAR who wrote (229)	1/27/1999 1:08:00 AM
From: baystock	of 448

Hi Polarbear, I did call Fidelity and they say I can buy foreign stocks if they have an ADR (which I already knew). So it looks like I will have to wait for it to be listed on Nasdaq. I feel that RR has a very large upside if you are prepared to give it time on the order of up to 5 years+-, because it is going to grow production by 3x. It may not have as much upside as RANGY but it also doesn't have as much downside risks either. It is more conservative than RANGY since it has very much less debt and it will soon be having positive cash flow. I won't put any more money into RANGY, but I would consider putting more money into RR. If you throw a rising gold price of say back to over $350 into the equation, the upside for RR is even greater. Who knows when the gold market will turn up but it will most probably happen within the next 1-5 years. With RR you can wait knowing it won't go out of business while you wait. In fact barring a further collapse in POG its value will appreciate as the production grows. With RANGY one can't sleep as peacefully while waiting, due to all the uncertainty associated with the unbundling and the debt payoff. Ram

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next