Costs are the real issue here, not the gold price. Harmony's managing their all-in sustaining costs way bet…by @bombay_coach on $ANG

Costs are the real issue here, not the gold price. Harmony's managing their all-in sustaining costs way better than ANG at the moment, and that's what matters when spot pulls back. At 1251.55 you're basically betting the rand stays weak forever, which is a risky thesis. Give me a quarter or two where they actually show cost discipline and I'd look again.