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To: LLCF who wrote (143686)1/14/2002 7:35:22 PM
From: oldirtybastard  Read Replies (1) | Respond to of 436258
 
spoke to a stockbroker today to whom I mentioned the SA golds many % points ago. Today he mumbled something about "what if the 3rd world governemnt just takes their company over" over there.

I'm not sure most Americans know the difference between SA and Somalia.



To: LLCF who wrote (143686)1/14/2002 8:20:28 PM
From: Joan Osland Graffius  Read Replies (3) | Respond to of 436258
 
DAK, >>Actually I think it was Heinz that said that all the SA producers were just stupid cheap and were being held down by reluctance of foriegners to buy, and some forced selling.

When I doubled down at the low of the stocks GOLD and HGMCY (less than $3 and $4) was paying a pittance an oz for the gold in the ground. Graham would not bat an eye at the opportunity to buy an asset that is discounted to its asset value like these SA gold stocks. Just do not understand why people are nervous with these gold stocks. The gold in the ground is not going anywhere, it will be there for sale as long as I live and these companies share the profits with the shareholders.

20 year bear markets generate some wonderful values!!!!!

Joan