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To: ild who wrote (37521)	11/14/2000 9:21:46 PM
From: pater tenebrarum	Respond to of 436258

i haven't looked at those yet, but generally speaking, Harmony's management is very good, so it is probably safe to follow their recommendations. a good idea would be to propose a share buyback, as they say they want to buy reserves for $10/oz. or less, and their own reserves are valued at less than $2/oz. by the market. therefore, if they can't find suitable takeover targets, it may be a good thing if they took advantage of the current depressed share price by instituting a buyback. or they could take over DROOY, which fits their criteria nicely.