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

To: baystock who wrote (350)	4/15/1999 9:59:00 AM
From: EZbeliever	Read Replies (1) \| Respond to of 448

RAM ..... Memories It wasn't long ago, I remember the mass confusion going on during the reverse split. Of course you calculated it correctly based on the facts on hand and not the official reporting, and bought accordingly. Even after the dust settled I was still ahead due to some significant bottom fishing. Weakness after the split was all I could take. Want to know the really sad part...some of the proceeds were invested in GRE. Guess we will find out if my keyboard is waterproof. EZ

To: baystock who wrote (350)	4/15/1999 10:59:00 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 448

<<RANGY has 14 million ADRs outstanding>> Can you explain the relationship between the ADR trading in the US and the shares trading on the JSE, if any? Are they different or the same.. I read that ADR's were the equivalent of 10 SA shares. <<Randgold Resources will have 500,000 oz of yearly production and RANGY's 60% stake will represent 300,000 oz.>> What kind of dillution can we expect with the US$110M capital cost needed to bring Morilla into production. CC