Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (65586)	2/8/2001 1:08:06 AM
From: baystock	Read Replies (1) \| Respond to of 436258

Harmony is getting my money also. It is currently my number one gold stock holding. It use to be Durban, but over the last few months I have slowly been shifting from DROOY to HGMCY. <<a Japanese investment fund is in the process of acquiring 21% of Harmony. >> The press release says "whereby Jipangu Inc. has an option to subscribe to 8% of the outstanding shares of Harmony, by no later than 15 March 2001...Jipangu Inc. has agreed to cap its future investment in Harmony to no more than 21% of Harmony’s issued share capital." This doesn't sound as positive as you make it sound. Firstly, it is only an option to buy and not a firm commitment. Secondly, Harmony would be issuing new shares, which means dilution.