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Gold/Mining/Energy : RANDGOLD and EXPLORATION (RANGY)
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To: baystock who wrote (303)3/13/1999 9:37:00 AM
From: POLARBEAR  Read Replies (3) of 448
 
Why did I sell? Of course with the very recent jump, I'm asking myself that same question :)

In a nutshell, I became very disheartened at the lack of assistance I was receiving from rangy management. It was obvious to me that they could care less about their shareholders, or at least the small ones.

I also grew weary of not knowing what I was really buying, as their portfolio is apparently a closely guarded secret. How they can blow tens or hundreds of thousands of dollars on a big 200 person party to open Syama, yet can't see the benefit in creating more than a junior high looking website is beyond me.

Once the huge disparity between Durban and Rangy closed somewhat, I thought it time to move to Durban. (Was 5 to 1, now 3 to 1).

If the stock pulls back I may consider getting back in, but I'm not going to chase the stock with a falling POG.

I wonder when we'll see the annual report.

Best of luck.
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