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.

Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (14110)	6/9/2002 5:02:48 PM
From: Joan Osland Graffius	Respond to of 36161

ild, >>What POG/Rand/USD ratios do you think are currently reflected in SA golds? HGMCY, GFI and DROOY management hedged the currency when the Rand was deep in devaluation. I have not checked to see what AU management did, but have to assume they did also. You can probably get the information at their internet sites. Email to the company also works well if you have questions. IMO, these companies are in good shape - hope the street is not informed and will sell them off hard. I would like to pick up some more at lower prices. On the back of an envelope HGMCY's PE should be less than 11 where they are trading now. I have not looked recently at what we are paying for the reserves - but suspect they are at a low price. I bought some more of GFI and HGMCY during the latest sell off. Still have my core positions bought at the lows during 1999. With the dividends this year I expect to generate a nice return on my capital. Now, if AAUK, IMPAY and AAPTY would tank I would be a happy camper. <ggg> Joan