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Gold/Mining/Energy : RANDGOLD and EXPLORATION (RANGY) -- Ignore unavailable to you. Want to Upgrade?

To: Gerald A. Lucker who wrote (150)	11/14/1998 9:18:00 PM
From: POLARBEAR	Read Replies (1) \| Respond to of 448

WARNING: THIS IS ONLY A JOKE. !!!!! I just got word from my buddy who interviewed RANDGOLD C.E.O. Roger Kebble Friday. The latest word is that they will wait another 11 ½ days, and then do another split. Initially they will undo this recent 3 for 1 reverse split, doing a 1 of 3 split. They will keep this for the NASDAQ required 3 days, and then do the long awaited 10 for 7 reverse split, with following minor changes. Due to currency fluctuations in the YEN, they will modify the split slightly to 7.46 shares for every 11 5/8 old shares. The new symbol will be “MANGLE” on the NASDAQ, but will also be listed on the Vancouver exchange with the symbol HUH.v. Roger said if this symbol is unavailable they will use backup plan number 144 A and go with the symbol DUH.v. The latest drill results (phase 4) are just starting to come out on MORILA in Mali. The size of the deposit has now been recalculated from 2.2 Million ounces grading 4.89 grams/ton, to a new figure of 14.2 Million ounces grading 16.0 grams per ton. Analysts were disappointed with these figures and thus put out sell recommendations. Their justification was that although Morila will be producing gold at $118 per ounce cash cost within the next two years or so, they anticipate gold dropping to $14 an ounce, thus eliminating all of these dreaded mining companies once and for all. The Toronto Mint is also reportedly coming out with a new coin called the RANDGOLD MANGLELEAF. It's features will be similar to the Krugerrand, but will proudly display the slogan “P.R. Specialists—keeping everyone informed” on the backside of each coin. Mr. Kebble also had excellent news on SYAMA II. Cash costs were down to $246 by September, and were on schedule for producing 270,000 ounces at an impressively low $210 by the beginning of 1999. Again, analysts were less than impressed with one of the lowest cost figures around, and reiterated that SYAMA could be expected to continue to loose money due to the price of gold falling to under $20 an ounce. On the exploration front, Mr. Kebble reported some stunning finds at the TONGON prospect in the NIELLE permit in the Ivory Coast. He reported on two mineralised zones. The southern zone hosts multiple gold-bearing units within a 100 metre-wide shear, grading 1 to 8 g/t over an 1800 m strike length. The northern zone contains a single gold-bearing unit grading 1,44 g/t over an average width of 22 metres for a strike length of 2200 metres. RANDOLD has established a hurdle rate of 2201 meters (strike length) as the go ahead point for production on these impressive finds. Again analysts were unimpressed by these figures, as they felt this massive gold deposit was just too huge for a small company like Randgold to handle. Mr Kebble said he may be forced to sell our interests in these finds for DOLLARS on the PENNY. He also wanted this to be kept quite for a bit, but said “if you promise to keep this from the folks on the internet, I'll fill ya in on a secret.” “Bill Gates and I have been conducting merger talks for the past several months, and although no firm decision has been reached, there is a strong possibility of a ONE for ONE merger with Microsoft. Intel is also interested in Randgold, and although Intel knows that all gold companies will soon be worthless, they figure they could help out Rangy shareholders a bit by using some of the useless yellow metal in their new upcoming chip, the PENTIUM XIII. There are also rumors afloat that DURBAN and RANGY will soon merge. The latest I've gathered from my top-secret sources in the CIA are that it is nearly a done deal. The company will be merged effective Dec 98, with the new symbol DURBY. The head of RANDGOLD's P.R department, Ms. Kathy du Plessis would most likely be appointed CEO. Her plans were to liquidate all the gold assets and venture out into a more exciting sector: HORSE RACING. “With a trading symbol of DURBY, how could we go wrong?” she stated. Regarding the S.A. Mineral Rights Package owned by Randgold, Roger provided the following thoughts. The area of these mineral rights consisted of 79% of all of South Africa, and contained an estimated 270 Billion ounces of gold. The problem was that no one was interested in gold, and thus the board of directors recently elected to carry these mineral rights on the RANDGOLD books at face value of $1. I'll continue to do my best to keep you all abreast of ongoing developments! POLARBEAR