RANGY so low with 31% of GOLD?
Maybe this simple question is well understood by those whose follow South African markets, but not by me:
If Randgold Resources (GOLD), the West African miner and explorer, has a market capitalization of US$475.96 million, and if Randgold & Exploration (RANGY) owns 31% of it (assuming that it still does), then how can RANGY only be worth 78.06 million when 31% of 475.96 million is 147.54 million? (Yahoo market-cap figures.) This is is ignoring all of RANGY's OTHER (non-GOLD) assets like Afrikander Lease, DROOY or whatever it has.
Are Roger and Brett Kebble really THAT terrible?
FL
