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Gold/Mining/Energy : RANDGOLD and EXPLORATION (RANGY)
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To: POLARBEAR who wrote (334)4/3/1999 9:31:00 PM
From: baystock  Read Replies (1) of 448
 
<These guys must be buying their own stock as they sure don't seem to want any good publicity.>

Insiders and the analysts the company is presenting to must already know the terms of the merger and so they will know whether it going to happen at a premium to the current share price.

Also I think I like the idea of a 3 way merger between Randfontein, Western areas and Randgold Resources since bigger is better in the gold mining business. The valuation awarded by the marketplace for the 3 companies combined should be significantly higher than the sum of the individual valuations.

If we are lucky the merger will result in RANGY shareholders being taken out at $5+, once the discount to NAV is unlocked.
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