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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (686)	4/11/2001 11:51:26 PM
From: baystock	Read Replies (1) \| Respond to of 4051

<<South African production looks in deep doo-doo because of the capital barriers and extortion requirements shoved in front of these companies by that government.>> That's a load of crock (pun intended). South Africa still accounts for 20% of world gold production and they are making money unlike so many of the North America producers who brag about their low cash costs at the same time they are bleeding money. <<It's gotten so bad they can't even merge crossholdings (see second news item Randgold).>> South Africa has had exchange controls for years. There is nothing new there. <<I am not a bull on South African producers. Should be used as a source of funds to deploy into other names. >> Compare a chart of DROOY and HGMCY with your favorite juniors and you'll be hard pressed to find one that has outperformed either since last November. <<Also see on "socialist" South Africa.>> I am sure it is a lot less socialist than Greece