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drd sitting at r41.58 and gold's been solid but the rand strength is killing the rand price conversion, ngl…by @tsquared_jse on $DRD

TS
tsquared@tsquared_jse·Bearish

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.

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