DRD drdgold limited

DRD looking to move production away from SA should be a good...

  1. bvbfan
    500 Posts.
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    25/10/03
    00:51
    Post #: 280795
    DRD looking to move production away from SA should be a good move (Porgera)
    but still dependent on ZAR (South African Rand) having moved from 10 to the USD when DRD was $7+ to 7 now
    i dont see it reaching those levels again unless gold starts moving towards $500 eventhen not that likely as USD may weaken further

    better unhedged options or go buy the Drooy US Adrs
    DRD Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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