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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: SeaViewer who wrote (33260)11/2/2000 2:56:06 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
yep. and they are strongly cash flow positive. closed out their hedges a few quarters back at a big profit. AND they have begun to shut down unprofitable operations...while developing a potentially HUGE project in Argentina.

really, what's not to like at this price? admittedly, they're not as cheap as their South African counterparts, but they're still a lean machine, and well placed to reap big rewards if gold prices begin to improve. they also continue to look like a likely take-over target for the likes of NEM, PDG or Anglos...
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