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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Bill Murphy who wrote (742)8/29/1998 6:05:00 PM
From: Ray DeMoss  Read Replies (1) of 81224
 
Durban Deep's profits were UP 300%for the quarter ending June.
What folks/people don't understand about the South African shares is
that they pay their expenses in Rands [local currency] and sell their product in foreign currency ie US$. The profits can be really nice even with a LOW gold price. I have said all along that if the share price is trashed with a falling market [crash] you will still participate in the FUN by the dividend that the SA mines traditionally pay usually 90% of the profits.
NOW FOR THE REAL FUN- if and when we get a rising gold price the
share price could and will go BILLISTIC! I am talkin about
from $1.65 now to $50 in the next two years then on to $400-$500 in the next 4-5 years. This ain't no dream, jest putting the FACTS in perspective. NUFF SAID!!
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