Gull,
Regarding your repeated Randgold question of "why no comment on the change in upper management?"
You seem to know all there is to know about RANGOLD, and if so, why ask such a baited question? IT WASN'T MENTIONED BECAUSE IT WASN'T WORTH MENTIONING AND STILL ISN'T. Surely you must know that Kebble has been a long time board member, and is not some new outsider. You probably also know that Mr. Flack remains a major shareholder, and had planned to step down from his position for some time now. What's your real point? Create fear and uncertainty here on the SUF thread, like "Oh my God, Randgold is going under, SUF better settle this lawsuit right now...better just give the damn mine away. NICE TRY.
And for your added reading entertainment, here's my post from Kitco yesterday on the OH SO SCARY news item.
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"Randgold had served its purpose and would probably cease to exist in its present form before the end of this year, recently appointed chairman Roger Kebble said today." woza.co.za
This isn't just good news, this is GREAT news-just what I've been hoping to hear reiterated by Kebble, the new man at the helm. Incidentally, Randgold on the JSE jumped 17% today on this news, on much bigger volume than normal. Now that the cheap JSE shares are gone, we might see some real action on the ADR. This coming breakup/buyout will nearly guarantee a massive jump in the RANGY share price. Buying a quasi Mutual Fund that sells for under $1.50, and has nearly $5 a share in assets, is a no brainer, unless you think gold is dead, and if so, why are you reading this? Breaking up RANGY with its huge discount to NAV is nearly a guaranteed jump towards ( not necessarily to ) the correct NAV, ESPECIALLY WHEN THE ONES INVOLVED IN THE BREAKUP ARE MAJOR SHAREHOLDERS. We can all rest assured that the Kebbles aren't going to let all these valuable assets go at a sub market price. Of course its not a sure bet that we'll see the full NAV reached, but what if Mr. Deal Maker himself only get us 80 cents on the dollar, and we all have to settle for 4 bucks a share in December? Bummer.not.
Mr. Kebble is on a mission, not to make sure RANGY is around 10 years from now, but to make sure RANGY shareholders (including himself) make as much money as possible on any deals he puts in place. |
