Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: sea_urchin who wrote (417)	2/26/1999 2:52:00 PM
From: Ptaskmaster	Read Replies (2) \| Respond to of 472

Impala's strengths in operating and productivity performances seem now to be reflected in the recent price appreciation. Particularly so in the context of the Bafokeng share dilution and royalties. As Johnson Matthey has previously noted, Impala (and Northam) do not have shallow reserves through which to increase output. Future vertical shafts will require major capital investment. The global long term outlook is for reduced Noril'sk and alluvial output for years to come: fm.co.za Would this not give Amplats more opportunity than Impala to increase market share?

To: sea_urchin who wrote (417)	2/26/1999 3:16:00 PM
From: Ptaskmaster	Read Replies (1) \| Respond to of 472

One of the posters on Kitco today (Mike Stewart at 12:32, 12:47) argued that when DRFNY drops 50% in six months it is at or near its bottom. Also that if the deal goes through, GDFDY has a 10% discount to the exchange of 1.55 DRFNY for every GDFDY, so it is better to buy GDFDY if DRFNY hits the 3 7/16 target. I wonder if this time, "things are different." It appears that social and political risk are increasing in South Africa, and it is by no means clear where the POG is heading in the short term.