Let's keep in mind that if you keep the DRD shares, you still "keep" MLI's assets - the difference is, you participate in their exploitation immediately. As I said a couple of weeks ago, MLI was going to have to wait about TWELVE YEARS for DRD to begin processing their joint-venture ERGO tailings dump, as DRD was planning to use the processing facility to process all of their now-fully-owned Elsburg first. Did you want to sit around for 12 years, twiddling your thumbs?
DRD is an interesting company - 54m million ounces of gold in resources and only capitalised at about Aus$356 million. Being a high-cost producer, they will benefit the most if the POG continues to rise, as I'm sure it will.
Don't write off the idea of being a shareholder in DRD Gold - let's at least get some clarity on the offer price first
the deal, page-13
Add LRL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
25.0¢ |
Change
-0.010(3.85%) |
Mkt cap ! $111.0M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 25.5¢ | 24.3¢ | $16.6K | 66.24K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20400 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 39614 | 1 |
View Market Depth
| Last trade - 15.53pm 15/11/2024 (20 minute delay) ? |
| LRL (ASX) Chart |