SOUTH AFRICAN MINING Message Board

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Gold/Mining/Energy : SOUTH AFRICAN MINING

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To: sea_urchin who wrote (99)	8/12/1998 7:49:00 PM
From: POLARBEAR	Read Replies (2) of 472

Hi Searle, You are right...something is wrong. The XAU is at 60, and gold is down to 283!! Rangy is certainly not alone, with Durban and Harmony both down as well. I still think that the average investor doesn't know rangy's story, and still thinks of it as a mining house with only marginal mines. Sure there is risk, that's why its so cheap now. But assume for a second that their estimation of 50 million bucks a year profit comes true within the next year and a half or so. We're looking at a potential 20 bagger at these current prices!! Just sent in some more $ to my broker yesterday...can't afford to pass this opportunity by. What's your prediction on the POG? Unless this improves, I don't see much rise coming in any S.A. golds, even if they have P/E's approaching 2 or so :) Guess we'll just have to settle for the dividends. PB

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