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Gold/Mining/Energy : RANDGOLD and EXPLORATION (RANGY) -- Ignore unavailable to you. Want to Upgrade?

To: Bob Dobbs who wrote (403)	12/5/1999 4:24:00 PM
From: baystock	Read Replies (2) \| Respond to of 448

Bob, thanks for that post. I view the dividend as very positive for RANGY shareholders since it will reduce the NAV of Western Areas. This means that RANGY will get a bigger piece of the merged entity. <<"We are driven by the imperative of achieving superior returns on equity. It follows from this that we have no interest in sitting on cash that cannot be employed in the short term to enhance returns. Whatever cash resources are not required should be dividended to shareholders," Kebble said.>>