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Gold/Mining/Energy : RANDGOLD and EXPLORATION (RANGY)
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To: POLARBEAR who wrote (373)5/8/1999 4:59:00 AM
From: baystock  Read Replies (1) of 448
 
PB, If JCI and CAM are also heavily discounted, then they are a good match for RANGY. I think the reasonable thing to do is to merge all the companies together based on actual NAV's. The combined entity will most certainly have less upside than RR/RANGY on their own but it will also be less risky.

I doubt the sell off will last more than a few days...$275-$280 seems to be an absolute floor on the POG. I also was buying today and picked up some DROOY and HGMCY near their lows. The risk to reward of these SAF golds seems very attractive.
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