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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: macavity who wrote (5544)2/10/2002 1:31:35 AM
From: Joan Osland Graffius  Respond to of 33421
 
macvity,

Last year AU's dividend was 83 cents a share, GOLD was 12 cents, and HGMCY was 12 cents. This year these dividends should increase considerably because of the devaluation of the Rand that causes lower production costs and they are selling the production in US$'s which is a windfall. Best of all worlds for stockholders.

Fortunately my cost bases for these stocks is low, but think they are still cheap. AU is hedged and will not perform relative to the price of gold as much as GOLD and HGMCY. Then of course there is DROOY that has the printing presses going full tilt. <g>

Joan