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To: prosperous who wrote (56115)7/12/2000 1:49:16 PM
From: pater tenebrarum  Respond to of 116816
 
Hemant, i've no idea...didn't they pay out a big dividend recently?

as far as i know this is now the holding of Northam platinum...

i'll look into it.



To: prosperous who wrote (56115)7/12/2000 1:52:25 PM
From: pater tenebrarum  Respond to of 116816
 
Hemant, it seems the company is being wound up...all the assets are being sold and the proceeds being paid out to shareholders.

i'll see if i can find out some details.



To: prosperous who wrote (56115)7/12/2000 2:04:43 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 116816
 
it seems this is the final distribution of GDFLY cash. i'm not sure if the stock has any residual value left. last year you could have collected a stunning 600% in dividend pay-outs btw.

i'm contacting them to find out what's going to happen next...will post their reply here once i have it.



To: prosperous who wrote (56115)7/12/2000 3:29:56 PM
From: goldsheet  Read Replies (1) | Respond to of 116816
 
It's the distribution announced on June 29th
sharenet.co.za

GOLD FIELDS OF SOUTH AFRICA LIMITED
DISTRIBUTION IN ANTICIPATION OF WINDING-UP
THE BOARD OF DIRECTORS OF GFSA HAS RESOLVED TO MAKE A CASH DISTRIBUTION OF 825
CENTS PER SHARE, AGGREGATING R941 121 926,25, TO SHAREHOLDERS REGISTERED AT THE
CLOSE OF BUSINESS ON FRIDAY 14 JULY 2000. THE DISTRIBUTION IS BEING MADE IN
ANTICIPATION OF THE PROPOSED MEMBERS' VOLUNTARY WINDING-UP OF GFSA IN TERMS OF
SECTIONS 349 AND 350 OF THE COMPANIES ACT, 1973 (ACT 61 OF 1973), AS AMENDED.