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Gold/Mining/Energy : SOUTH AFRICAN MINING
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To: sea_urchin who wrote (417)2/26/1999 3:16:00 PM
From: Ptaskmaster  Read Replies (1) of 472
 
One of the posters on Kitco today (Mike Stewart at 12:32, 12:47) argued that when DRFNY drops 50% in six months it is at or near its bottom. Also that if the deal goes through, GDFDY has a 10% discount to the exchange of 1.55 DRFNY for every GDFDY, so it is better to buy GDFDY if DRFNY hits the 3 7/16 target.

I wonder if this time, "things are different." It appears that social and political risk are increasing in South Africa, and it is by no means clear where the POG is heading in the short term.
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