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Gold/Mining/Energy : SOUTH AFRICAN MINING -- Ignore unavailable to you. Want to Upgrade?


To: H.W.Melle who wrote (102)8/13/1998 12:46:00 AM
From: POLARBEAR  Respond to of 472
 
Hi HWM,

You are correct that rangy doesn't pay a dividend. With Randgold Resources having so my mines coming on line in the future, and so much promising exploration that I seriously doubt we'll see any dividends for quite a while. What we will see instead is the company making big bucks and expanding production, along with a rapid increase in the reserves, just like we've seen recently. I think they've added roughly 5 million ounces in the past year, and now have over 15 million. I also see they have more than that which they've yet to list in their running total, so the future looks bright.

Regarding N.A. shares, I used to own TVX...liked the added silver exposure, but sold it long ago. The lower the S.A.'s go, the more bullish I get on buying them. Now all we need it a little more time to get POG back up. Best of luck.

PB