DRD drdgold limited

re: gold price sensitive drd good to see some interest in DRDbut...

  1. 506 Posts.
    re: gold price sensitive drd good to see some interest in DRD

    but at the moment i think of the golds, its getting into very dangerous area

    i dont hold DRD because
    primarily the movement in the USD down v AUD

    but moreso the depreciation v ZAR (south african rand)
    its dropped from 11Rand to about 8.5 rand to the USD

    so earnings in ZAR will drop quite a bit over the next few quarters which could cause a few problems for some of DRD's maginal mines


 
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