DRD drdgold limited

G'day X,You forgot to point out that DRD has bought an interest...

  1. dub
    33,892 Posts.
    lightbulb Created with Sketch. 350
    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)
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.