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Politics : Ask Michael Burke
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To: ild who wrote (94699)2/25/2002 10:27:55 PM
From: Joan Osland Graffius  Read Replies (1) of 132070
 
ild,

My impression of South African miners is they pay dividends 2 times a year. This is what I have experienced with GOLD, HGMCY and AU; and IMPAY when I owned it. The dividend we are going to receive in March are from profits generated during the last 6 months of 2001. I can not remember when the rand tanked but there was a month or two of profits from the devaluation period. I expect for the dividends to be larger from this current period because they are selling gold in $'s and operating in a devaluated currency. This perception of higher dividends could be fantasy, but it makes sense to me.

edit, Have never owned ASA and do not know how they operate.

Joan
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