SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : SOUTH AFRICAN MINING -- Ignore unavailable to you. Want to Upgrade?


To: chevalier who wrote (405)2/15/1999 4:33:00 PM
From: baystock  Read Replies (1) | Respond to of 472
 
I've been watching this stock and wouldn't touch it because of the extremely thin float, despite the huge market cap. They bought a South African property for $6 million or so and are trying to peddle it to North American investors for 10 times that. I don't think South African companies would be dumb enough to pay North American premium prices for this property. But North American retail investors may be and that is why you may still do okay.