RANDGOLD and EXPLORATION (RANGY) Message Board

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Gold/Mining/Energy : RANDGOLD and EXPLORATION (RANGY)

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To: baystock who wrote (350)	4/15/1999 10:59:00 AM
From: Claude Cormier	Read Replies (1) of 448

<<RANGY has 14 million ADRs outstanding>> Can you explain the relationship between the ADR trading in the US and the shares trading on the JSE, if any? Are they different or the same.. I read that ADR's were the equivalent of 10 SA shares. <<Randgold Resources will have 500,000 oz of yearly production and RANGY's 60% stake will represent 300,000 oz.>> What kind of dillution can we expect with the US$110M capital cost needed to bring Morilla into production. CC

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