G'day X,
You forgot to point out that DRD has bought an interest in EMP, believing it to be good value.
Also, you might mention that DRD -
* is completely unhedged, having gone into significant debt to clear their book
* that is using its substantial debt very very well, with Return on Equity being more than twice its Return on Capital
* that there are only 187(?) million shares
* that the shares are extremely tightly held, with the top 20 shareholders holding in the order of 90%
* that DRD is a real blue chip gold stock, capable of producing millions of ounces of gold/year (completely unhedged remember).
If this all sounds like a ramp - it isn't. I don't hold DRD at present - simply because I don't have the funds to do so. I did have a buy in from yesterday at 3.85 cents - but, being spurned, shifted my money to buy some more MMN.
But I do think DRD and NEM are both great buys at present. I have held them both in the past, but now have my meagre lot in others.
BJMO eh.
bye.dub
(NEM and DRD are no- brainers IMO)
DRD
drdgold limited
G'day X,You forgot to point out that DRD has bought an interest...
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