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Gold/Mining/Energy : DROOY Durban Deep- Best S. African Mine
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To: Dale Schwartzenhauer who wrote (533)6/24/2000 11:34:00 PM
From: baystock  Read Replies (1) of 851
 
Dale, I think there will continue to be consolidation in the gold mining business as long as the gold price stays below $300. Probably Homestake, Normandy, Placer and Harmony are potential candidates for acquisition. I don't think DRD is a candidate (thankfully) because its mines are too high cost. I think ASL has too much hedging on its books to be attractive to anybody. I would avoid Benguet since the BB is a lousy exchange for trading.

Ram
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