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Gold/Mining/Energy : SOUTH AFRICAN MINING
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To: POLARBEAR who wrote (145)9/11/1998 1:57:00 AM
From: Bob Dobbs  Read Replies (2) of 472
 
I was at the Las Vegas Gold show recently and asked around about Rangy because I am a large fan and enthusiastic stock holder. Rangy is not widely followed among analysts in the states, however Rick Rule had an opinion that their operating costs look suspiciously large. He also questioned their funding strategy. I concurred with him that selling off shares of Harmony and/or Durban was questionable. Especially in light of Durban's recent positive news and, as your well researched figures indicate, exceptional leverage and upside potential, I question whether any further stock holding sales would be beneficial. I too am concerned, as others on the thread, of the future unbundling. Thanks for your continued good work.
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