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 (397)	12/3/1999 2:06:00 AM
From: baystock	Read Replies (2) of 448

Date: Thu Dec 02 1999 23:16 John Disney (reorganization rumours ..) ID#24387: There are rumours that the much heralded Kebbel re-structure will work like this in stage One .. Western areas takes the exploration companies .. freddev and barnex and also RANDGOLD .. This particular rumour has Randfontein going to Western also .. with durban deeps managing them under contract .. .. one possible development would have WAR offerring one share for 2.5 local rangold .. dont know how rangys on ADR would work .. Is there an ADR for Wes areas ?? .. with WAR at 20 rands that would put Rangold at about 8 rands .. close to its NAV .. WAR would wind up with freddev barnex Rangold and Randfontein. I thought it made more sense for Deeps to take Randfontein .. but it may be that Junior wont give his marbles to his daddy .. ( fallout is that either way randfonts will be in for a takeover ) No rumours on stage 2 .. which would involve CAM and JCI-gold ..

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