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Gold/Mining/Energy : Derlan (T.DRL) -- Ignore unavailable to you. Want to Upgrade?


To: Stephen O who wrote (248)6/16/1999 2:39:00 PM
From: Serge Collins  Read Replies (1) | Respond to of 319
 
Stephen: I think you have to factor in net debt of about $3 per share in the equation. My valuation model says a fair price of between $6 and $8 per share with debt assumption.

We should hear something at the annual meeting about the progress of the divestment program and possible sale of the company.