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Gold/Mining/Energy : SOUTH AFRICAN MINING
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To: ForYourEyesOnly who wrote (116)9/5/1998 2:53:00 AM
From: baystock  Read Replies (1) of 472
 
If you like DROOY you got to like RANGY also. I just got a RANGY proxy in the mail. They are selling their stake in Crown to DROOY and as a result will be increasing their holdings in DROOY from 7.3% to 14% or 7.5 million shares of DROOY. This DROOY holding alone is worth $17 million or 50% of RANGY's market cap of $35 million. Of course their is no guarantee they won't sell of their DROOY shares.

Ram
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