RANDGOLD and EXPLORATION (RANGY) Message Board

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

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To: POLARBEAR who wrote (243)	2/10/1999 2:38:00 PM
From: baystock	of 448

Hi PB, RR is down around 10% today to $3.80. And yes, I do believe it is undervalued, though obviously this undervaluation has been significantly reduced by the move of the last 2 weeks. I think it should be selling for over $10 when Morilla comes on line in 2 years, if POG is still around $300. So somewhere between now and then the gap should close. There is at least another $5 more upside if POG goes back over $350 before then. Also did you notice how DROOY share price dropped just before and during RR's dramatic price increase. My take is that the Kebble/Blanchard insiders gang have been selling some DROOY to load up on RR. Ram

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