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

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To: POLARBEAR who wrote (235)2/2/1999 1:12:00 PM
From: dvid  Read Replies (1) of 448
 
Clip from business reporting on a Gold Conference in SA

(The "debt heavy" part bothers me but as I understand it is "long term repayment". Can anyone clarify the term?)



<Legally and technically, the deal is above board. Ethically, it is
dubious. If approved, the Placer money will go partly towards a
special dividend for Western Areas shareholders, not the smallest of
which is the debt-heavy Kebble family vehicle Consolidated African
Mining. Plans are still under way to consolidate JCI Gold,
Randgold/Randgold Resources and CAM into a unit.>

btimes.co.za

Doug
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