DRDGOLD Ltd. (ADR) (DROOY)
A gold mining company engaged in underground and surface gold mining, including exploration, extraction, processing and smelting.
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I hope on a solution for their blijvoor mine .
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DRDGOLD Limited (DRDGOLD) is an unhedged gold producer and has operating gold mines and exploration assets in South Africa. During the fiscal year ended June 30, 2009 (fiscal 2009), the Company produced 247690 ounces and declared Mineral Resources of 56.4 million ounces and Ore Reserves of 6 million ounces. The Company focuses on improving the potential of existing South African underground and surface retreatment operations and expanding surface retreatment activity. Its operating segments include Blyvoor, Crown, ERPM, ErgoGold, Ergo JV and Offshore. The company’s subsidiary is DRDGOLD South African Operations (Pty) Limited (DRDGOLD SA). On March 31, 2009, the Company acquired 35%interest from Mogale Gold (Pty) Limited. On February 28, 2009, DRDGOLD, through its subsidiary, Argonaut Financial Services (Pty) Limited acquired a 50% interest in Witfontein Mining (Pty) Limited.
This miner has been falling over the last 6 months, but it actually has reserves and is producing. With the recent falling price and known reserves it may become a take-over target for a larger miner. BHP was looking at FCX. Maybe some of the gains in the small miners will come from M&A activity.
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Chg to ST20 A 8/4
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Easy to spot top on this thing. Too bad there's no options on this thing.
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gold is in, big inflation coming
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Gold . . . to moon
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gold mining stocks will soar as the price of gold soars
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All the fundamentals are here. Great company. Low cost to profit ratio. Gold prices are going to skyrocket. Great pick!
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they say the saudi's are buying gold. anyone know why?
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Gold a great way to shore up your money
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All the recently announced government bailouts will cause huge amounts of inflation, driving up the price of gold. That should be great for the stock prices of gold producers. Also, the prices of gold mining stocks have gone down recently far below the prices you might expect from looking at the price of gold, so they had reason to rebound anyway, even with no inflation.
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“A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.”
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Picked DROOY because Fools would not take AGT
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Gold and silver have taken a sudden drop during the past week. Many speculators are panicing and claiming that this is the end of the "commodity bubble". I don't think so. If you look at the fundamental reason behind the last 6 months rise in precious metals, you have to ask yourself....has anything changed? I don't think so. The Fed continues to pump liquidity into the market, the interest rate continues to decline, inflation continues to increase and the dollar continues to fall. That being said....if due to demand decreases oil drops sharply from here...there is a possibility that precious metals will follow. Precious metals will experience quite a bit of volatility and the gyrations may be tough to handle but I think due to the fundamentals that I mentioned above that a year from now precious metals will be much higher.
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Gold is going to the moon.

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