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

To: POLARBEAR who wrote (229)	1/27/1999 1:08:00 AM
From: baystock	Respond to of 448

Hi Polarbear, I did call Fidelity and they say I can buy foreign stocks if they have an ADR (which I already knew). So it looks like I will have to wait for it to be listed on Nasdaq. I feel that RR has a very large upside if you are prepared to give it time on the order of up to 5 years+-, because it is going to grow production by 3x. It may not have as much upside as RANGY but it also doesn't have as much downside risks either. It is more conservative than RANGY since it has very much less debt and it will soon be having positive cash flow. I won't put any more money into RANGY, but I would consider putting more money into RR. If you throw a rising gold price of say back to over $350 into the equation, the upside for RR is even greater. Who knows when the gold market will turn up but it will most probably happen within the next 1-5 years. With RR you can wait knowing it won't go out of business while you wait. In fact barring a further collapse in POG its value will appreciate as the production grows. With RANGY one can't sleep as peacefully while waiting, due to all the uncertainty associated with the unbundling and the debt payoff. Ram

To: POLARBEAR who wrote (229)	1/28/1999 5:00:00 AM
From: John Hunt	Read Replies (1) \| Respond to of 448

Randgold - Why Morila Is Being Called The Gorilla << Randgold's new bag in Mali on its West African safari Randgold's London-listed African mining arm Randgold Resources (RRL) last week officially opened its Syama gold mine in Mali and showed off its next project - the rich Morila deposit. All going to plan these two developments should transform RRL, which has led a hand-to-mouth existence. The Syama plant is not running at optimum levels but has shown a steady improvement in production volumes and cost control over the past year. But it's the Morila deposit - acquired from BHP Mali at the same time as Syama - that promises to transform RRL financial fortunes. This is a shallow, rich ore body that RRL executives have dubbed; "Morila the Gorilla" because it should produce an average of 200000oz of gold annually at an average cash cost of just US$117/oz over an initial nine-year life. -- cont'd -- >> fm.co.za