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

To: sea_urchin who wrote (247)	9/23/1998 10:39:00 AM
From: Alex Molnar	Read Replies (1) \| Respond to of 472

Searle, Congrats, excellent post! I have been lurking in this and other gold related treads for a while, your contribution is invaluable! Regardless, if one invested in RANGY or not, your salient replies are pointing out very important factors. I also wish to compliment POLARBEAR, for the great deal of work he has done on his and other shareholders behalf. His optimism is well balanced by your caution and reality, let the markets decide. We the readers of this tread, all benefit from your insights! Thank you both. I sure would hate to loose your input due to some reason or other. As an investment advisor, I can use your skepticism and POLARBEAR's optimism the combination of these, makes a healthy market. I do share you opinion, the relative weakness is a sign that something the market place does know, perhaps reorganization or structural change in the share capitalization. Keep up the good work, Alex

To: sea_urchin who wrote (247)	9/23/1998 3:29:00 PM
From: baystock	Read Replies (1) \| Respond to of 472

Searle, That was a very well written post on why one should be cautious about RANGY. You are obviously an experienced investor. I think both you and Polar Bear make valid points, and IMO whether RANGY is suitable or not for one's portfolio boils down to what one's investment objectives are. Risky stocks like RANGY as a group should be less than 35% portfolio and no one stock should be more than 10-15% (ideally 5%) of the portfolio. I think gold and gold shares provide an insurance value against the sort of financial turmoil we are seeing now and should be no more than 10-20% of one's portfolio. Currently my portfolio consists of 80% cash, 8% RANGY and 6% Rostelcom(ROS). My Rostelcom use to be 15% of my portfolio and has taken a real bath. I personally feel we have entered a 1-2 year period of very negative financial times, which won't end until the year 2000 computer problem is behind us. If the gold price takes of to $400+, RANGY will do EXTREMELY well. If not it may still do okay, but it doesn't matter. I will still have my job and my cash and ROS won't go bankrupt and will hopefully recover back to its old highs.