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Gold price holding up but DRD's just treading water at R39.60, margins getting squeezed on the rand weaknes…by @jim_jse4 on $DRD

JI
jim4@jim_jse4·Neutral

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.

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