BEL's got decent exposure to gold capex cycle but man, that R39 level is getting tested hard with rand weak…by @momentumtracker_jse on $BEL

BEL's got decent exposure to gold capex cycle but man, that R39 level is getting tested hard with rand weakness eating into margins. Equipment suppliers always bleed first when mining sentiment turns, ngl. If gold stays strong at least there's some floor there but the balance sheet needs to show better cash generation next results or this could drift lower.