Gold Exploration in West Africa

[FL]

The two Randgolds (RANGY & GOLD) getting decoupled

As Randgold and Exploration (RANGY) has decreased its ownership in Randgold Resources (GOLD), and focused more on the Afrikander Lease (AFK) and other interests of the Kebbles, the two stocks' prices move less and less in tandem. Today, for example, GOLD has been flat while RANGY has dropped about 10%. The ratio of the RANGY/GOLD prices hit a new low today, and a share of RANGY is worth less than a quarter of a share of GOLD (a year ago it was about 1 RANGY = 0.6 GOLD); see the ratio chart in the message to which this is a reply.

Now the bulk of RANGY's assets are not in West Africa but in South Africa -- unlike GOLD which is still a big West African miner/explorer.

FL