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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (14947)	7/29/2003 1:12:57 AM
From: Proud Deplorable	Respond to of 39344

"Sounds like the SA companies are going to trade at a disco for a while" Yeah I got out of my HMY and DROOY long ago to buy RANGY but later sold half of the RANGY to buy NEM. Thank God they're going up because, just as Russell suggests, trading too much might find a person on the wrong side. But I just want to hone my holdings down to as good as can be when the mass hysteria hits soon. Speaking of trading at a disco, there are a lot of brokers who do that, in fact I was told that Rick Rule once worked at a night club in Vancouver. But why would anyone want to trade SA gold stocks in a disco ? ?

To: LLCF who wrote (14947)	7/29/2003 1:27:36 AM
From: jimsioi	Read Replies (2) \| Respond to of 39344

SAs a great bargin when??? Blackempowerment and the royalty take look to be long term givens with the percentage of companies to be owned by the Blackempowermenters set to rise to over 25% in a few years. Figuring out how to get them their required percent stake without it being just a pure give away is a challenge not many of the miners seem to have yet embarked upon. Harmony has taken steps and Kebble with his RANGY is a front runner. May be that he snatches up a good segment of the true talent, applies it to his vast resource opportunties and marries up the gems with RANGY as a financing vehicle and everybody ends up winners. That at least seems to be what he's trying to do....Stock was down again today in continued under performance...largely because the glimmer for the issue increasingly seems to be wrapped up with the unknowns and uglies of SA politics and socialism. So when for the SAs....has to be a big change in the currency for starters. If one knows when the RAND will weaken against the dollar buy then...as long as gold stays in a firm trend... OR when everything else non SA has become so insanely overvalued that's the only rational place for money to go..... North and South Americans are in favor and I'm sticking with that trend....