re: drd (drooy) set to i liked your suggestion yesterday X about...

re: drd (drooy) set to i liked your suggestion yesterday X about using EMP as a cheaper and more liquid way into DRD - i hadnt thought of that. i think i am going to do that since i am cashed up after dumping my OXRs on friday.

EMP at 85c equates to DRD at 4.25 (5:1 share offer)
DROOY currently at $US3.50 equates to DRD at $4.67

so EMP is trading at a discount to DRD, which is trading at a discount to DROOY. DROOY over $3.75 would mean DRD over $5.00 and EMP over $1.00.

at that level DRD will be looking to break out of the large long term falling wedge pattern i posted previously (below). this is what dr roffey is referring to when he says a break above $3.75 will really set this stock alight.



exciting times ahead for DRD holders i concur.