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Gold/Mining/Energy : SOUTH AFRICAN MINING

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To: baystock who wrote (87)8/2/1998 7:12:00 PM
From: POLARBEAR  Read Replies (1) of 472
 
Hi Ram,

Do you recall how much this loan was for? I'm on the road with the laptop and don't have all my data with me.

from the RR web site:

"US $25 million IFC loan concluded."

How would you interpret this? The more I read and reread the data on their webpage, the more bullish I get. Getting more RR shares for this loan is a super deal for Rangy. Have you crunched all the numbers to see what RR will be earning by the end of this year? The numbers seem so incredible I'm almost worried I'm missing something, but then again, times aren't really bullish for gold mining shares. But it still seems to me that RR and rangy shares are steals at these levels. Guess only time will tell.

PB
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