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

To: JS who wrote (221)	1/8/1999 10:17:00 AM
From: Gerald A. Lucker	Respond to of 448

Joe, I agree with your last post. I think you should send your post (via Email) to Kebble. Jerry

To: JS who wrote (221)	1/8/1999 4:49:00 PM
From: baystock	Read Replies (1) \| Respond to of 448

<<I couldn't agree with you more--promotion is the key. >> I disagree. Promotion may get us a 50% move, but I am in this stock for a 300-1000% move. For this to happen we need the NAV of RANGY to increase by this amount. This won't happen until the prices of the 2 main underlying assets, Randgold Resources and DROOY really move up. Promoting RANGY won't make one iota of difference on the prices of these 2. RR will move when the Morila mine comes on line in early 2001, even with current POG around $300/oz. DROOY needs POG to increase by 20% for it to really move (RR will also benefit from this too). <<The sad truth is that this stock is lagging not only because of the price of gold but from lack of direction and uncertainty. The market perceives this and has doubly punished the stock.>> You are right that this stock has been doubly punished by the market. But your reason is wrong. I think the reason is because of their $55 million in debt. This is similar to the effect you see when you buy stock on margin. If the value of your stock decreases, the value of your holding net the margin debt decreases doubly. But when the POG turns around this same leverage will work doubly in our favor! Ram