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To: s.pecunius who wrote (124717)	9/21/2001 3:22:54 PM
From: pater tenebrarum	Respond to of 436258

well, the weakening Rand raises their profit margins of course, and since their input costs are in Rand and their sales in dollars, they are actually regarded as a Rand hedge. in fact, in Rand their charts look a lot better than in USD at this time. the negative effect of the weakening Rand is imo actually temporary...whenever the gap between the Rand gold price (which is hitting new record highs) and the JSE All Gold index widens to the degree it has now, a market inefficiency exists, and a big rally ensues.