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Gold/Mining/Energy : RANDGOLD and EXPLORATION (RANGY)
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To: Bob Dobbs who wrote (403)12/5/1999 4:24:00 PM
From: baystock  Read Replies (2) of 448
 
Bob, thanks for that post. I view the dividend as very positive for RANGY shareholders since it will reduce the NAV of Western Areas. This means that RANGY will get a bigger piece of the merged entity.

<<"We are driven by the imperative of achieving superior returns on equity.
It follows from this that we have no interest in sitting on cash that cannot
be employed in the short term to enhance returns. Whatever cash resources
are not required should be dividended to shareholders," Kebble said.>>
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