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Gold/Mining/Energy : DROOY Durban Deep- Best S. African Mine -- Ignore unavailable to you. Want to Upgrade?

To: baystock who wrote (465)	2/12/2000 11:44:00 PM
From: POLARBEAR	Respond to of 851

I crunched this out from two interesting kitco posts. WOW GOLD-- LONGJ-- DISNEY 300-- 1.60-- 3.50 305-- 310-- 2.20-- 4.7 315 320 325-- 3.60-- 6.5 350-- 6.60-- 9.5 375-- 9.61-- 12.5 400-- 12.63-- 15.5 450-- 18.65-- 21.5 500-- 24.67-- 27.5 550-- 30.69-- 33.5 600-- 36.70-- 39.5 650-- 42.72-- 45.5 700-- 48.74-- 51.5 750-- 54.76-- 57.5 800-- 60.78-- 63.5 850-- 66.80-- 69.5 900-- 72.81-- 75.5 950-- 78.83-- 81.5 1000-84.85-- 87.5

To: baystock who wrote (465)	2/14/2000 4:39:00 AM
From: baystock	Read Replies (1) \| Respond to of 851

I am going to try and calculate the share dilution caused by the Dome purchase: DRD BIDS FOR ALL OF DOME Johannesburg, 12 January 2000 - Durban Roodepoort Deep today announced that it was bidding for the 80.1% of Dome Resources it does not already own. Dome is a Papua New Guinean gold producer listed on the Australian Stock Exchange. DRD is offering 1 DRD share and A$0.80 in cash for every 9 Dome shares. This represents a premium of 38% over the latest Dome share price and is 22% more than its highest level over the past three years. The offer is conditional upon regulatory approvals and the consent of DRD shareholders to the issue of new shares. Dome?s Tolukuma mine currently produces around 80 000 ounces of gold per year, which DRD wants to increase to 100 000 ounces per year at a cash operating cost of A$215/oz by 2001. "Tolukuma is a high-grade, low-cost underground producer which fits our investment criteria. DRD?s proven skills will enhance its management?s ability to boost production, curb costs and increase profits," DRD chief executive Mike Prinsloo said. "We believe the offer is an attractive one for Dome shareholders, who will be getting a premium and the opportunity to participate in DRD?s future growth." Prinsloo said DRD?s increased investment in Dome reflected the seriousness of its intent to build a 500 000 ounce-per-year gold production base in the Australasian region. DRD BUYS INTO DOME RESOURCES, PROGRESSES ITS BID FOR HARGRAVES Johannesburg, 28 September - Durban Roodepoort Deep today announced that it had acquired a 19.9% shareholding in the Australian listed, Papua New Guinea gold producer Dome Resources. DRD paid Aus$0.30 each for 28.66 million shares in Dome, which last year produced 80 000 ounces of gold from its Tolukuma mine. DRD financial director Charles Mostert and Australian businessman John Stratton will represent DRD on the Dome board. "The Tolukuma mine is a high-grade, low-cost underground producer which fits our investment criteria. We believe we can assist management to maintain its focus on production costs and increase profits", chief executive Mike Prinsloo said. Dome plans to increase production at Tolukuma to 100 000 ounces per year and reduce cash operating costs to Aus$215/oz by 2001. DRD today also reported that acceptances for its bid to acquire all the shares in Australian gold miner Hargraves now exceeded 34%. Hargraves shareholders have until 28 October 1999 to accept the DRD offer. Prinsloo said the Hargraves bid and the acquisition of the stake in Dome reflected the seriousness of DRD's intent to build a 500 000 ounce per year production base in the Australasian region.