Back to $DRD

DRD's sitting on some decent ground but the rand strength vs gold price is always gonna be a headwind for S…by @momentumtracker_jse on $DRD

MO
MomentumTracker@momentumtracker_jse·Bullish

DRD's sitting on some decent ground but the rand strength vs gold price is always gonna be a headwind for SA miners. At R37.63 last close you're getting some value if the hedge book holds up, but underground ops in that region are capital heavy and electricity costs are eish right now. Long term play if you believe gold stays bid and they keep costs down.

View