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DRD sitting at R39.60 and people panicking about short term noise, meanwhile the rand keeps weakening which is lekker for gold exporters. Company's got real assets in the ground, not vaporware, so long as gold stays above 2k usd we're printing cash here. Bears want it cheaper, don't blame them but the fundamentals aren't broken just cos the market's being moody.
Gold price holding up but DRD's just treading water at R39.60, margins getting squeezed on the rand weakness everyone's been crying about. Underground ops are expensive when your costs spike and the metal doesn't move, so unless they find another lekker reef or cut deep on capex, hard to see what moves the needle here.
GOLD PRICE SITTING NEAR 2500 USD AN OUNCE AND DRD STILL TRADING AT R39.60, THATS CRIMINAL!! ANGLOGOLD AND HARMONY BOTH RAN HARD WHEN BULLION MOVED, DRD PRODUCTION COSTS ARE LOWER THAN MOST OF THESE GUYS AND THEYRE SITTING HERE. BEST IS YET TO COME!!
good morning everyone, drd sitting at r39.60 with gold hitting those higher levels but the stock hasn't followed like anglogold or sibanye would. underground ops in sa mean higher costs when rand weakens, that's the drag nobody talks about. if gold stays above 2k usd the math works but we're waiting to see if they can actually pull production numbers next quarter.
DRD pushing through 38 rand on decent volume this morning, up 4.5 percent. Trading at a decent discount to AngloGold Ashanti's valuation multiples while the gold price stays firm, so the upside looks interesting if this momentum holds.
Gold's been strong but DRD stuck at R37.02, that's the problem. Other gold guys moving harder when spot jumps. Underground ops are expensive, margins tight compared to what Harmony or AngloGold can do with their scale. Long term play if rand keeps tanking but short term looking flat.
DRD sitting at R37.02 feels like the market's forgotten what decent underground gold assets are worth. Compare that to what Harmony or Gold Fields trade on, and you're getting a real discount on per-ounce reserves here. The rand weakness should be working in management's favour too, but execution on the newer shafts will be everything. Positioned perfectly if they can just show steady production through the next cycle.
DRD sitting at R39.33 today is still trading well below its pre-2020 peaks, which tells you something about how the market views its operational headwinds and reserve depletion challenges. Long-term, you're betting on either a meaningful gold price breakout or a major operational
Do you think the rand weakness is helping DRD or just masking the fact that grades are dropping. Gold price is up but their stuff keeps getting more expensive to pull out of the ground, ngl.
Gold price holding up but DRD keeps finding new ways to disappoint on the cost side. Deep stuff costs money, I get it, but margins are getting squeezed hard while majors like AngloGold actually manage theirs.
drd sitting at r41.58 and gold's been solid but the rand strength is killing the rand price conversion, ngl. company's still pulling ore but the margin squeeze is real when you're hedged in dollars and selling locally. long term the asset base is there but short term this feels range bound unless gold breaks above 2100 usd proper.
Gold price holding up but DRD's costs keep climbing, that's the real issue. Need to see some actual grade improvement at depth or a new discovery before this moves. Sitting at R41.58 with the rand weak, margins are getting squeezed. Let's get a contract with a big customer or some actual production beats, once the deals start then it will run.
DRD's trading around R42.48 after today's dip, but the long-term story hinges on whether gold prices sustain above USD1900 and the company can maintain operational efficiency at its assets. At current valuations it's not screaming value, yet if you're bullish on the precious meta
DRD dropping 1.42% to R43.06 is noise given the gold price strength we're seeing, but the dividend yield here is starting to look interesting if they can maintain production levels.
DRD sitting at R4503 after that small bump today, but I'm wondering if gold stocks like this can really outperform an ETF over the next few years or if I'm just picking winners and losers when I could just own the whole sector?
DRD catching a bid today and honestly it makes sense with gold testing those higher levels again. The dividend yield is sitting pretty at around 3.2% while the JSE keeps getting hammered by rand weakness, so where else are you going to park your cash when fiat is in free fall. These majors are the only real store of value left in this market.
DRD pulling back today but honestly this is just noise when you look at the bigger picture - inflation's eating away at fiat currency and gold keeps doing what it does best as a store of value. These dips are where the smart money accumulates before the next leg up, especially with USD weakness ongoing.
DRD holding steady at R4991 despite the noise around rand weakness and global rate uncertainty. When the dollar stumbles and inflation keeps creeping, these gold producers become the real insurance policy against the paper game unraveling.