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Harmony Gold Mining Company Limited Message Board

  • andevenabs andevenabs Aug 24, 2005 2:09 PM Flag

    newbie questions

    Why are the margins so low here?

    Have they done anything to fix this?


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    • Even though this is a gold mining company the management here sort of has the opposite of the midas touch � everything they touch turns in to shit, IMO. The strong rand has something to do with it but I think the primary reason they don�t make money because they don�t focus on the company�s core business � mining for gold. Instead, they play games with the shareholders� money. Instead of running an efficient gold mining operation, the management here would rather play king-of-the hill by getting into bed with dubious partners in an impossible attempt a takeover of a much larger company. Time and effort expended on these endeavors could have been spent identifying ways to reduce costs and improve efficiency or negotiating with labor unions for concessions. Unfortunately, that didn�t happen and millions of dollars of shareholder funds were squandered with absolutely nothing to show for it. The board of directors seems to be oblivious to all of these games and did virtually nothing while they allowed the stock price to plummet and then languish near 52 week lows for months on end. Meanwhile it was patently obvious to everyone else that their hostile takeover attempt had no chance whatsoever. I can�t speak for anyone else but it certainly gives one reason to consider what else these people will do for their own benefit at the expense of the shareholders...

      Mr. Ohms

    • I do not care if it is going down today, tomorrow. This stock is the only gold mining stock book value over the trading price and it is good buy. Lower it gets, more I will buy. Good luck all.

      • 1 Reply to haikb
      • I�ve owned HMY for 4 years now! Stupid as I am, I�ve been telling to myself for 2 years that I should better sell it...

        Buy as uch as you can, you will break your neck:today and tomorrow and next year too!
        HMY is a SA mine, do you know what this means?

        SA is a country with no future, at least no economical future. Good luck in anyway!

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