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DRDGOLD Ltd - (SA) - DRDJ.J


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#1 JR7800

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Posted 11 January 2019 - 07:49 AM

Thanks for the comments, much appreciated and interesting


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#2 Milo

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Posted 10 January 2019 - 07:21 PM

If I had money to spare I would buy this share if it dips under R 3 again. At about R 2.90

 


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#3 soutie

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Posted 10 January 2019 - 04:46 PM

Oh & they're 100% SA based.


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#4 soutie

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Posted 10 January 2019 - 02:17 PM

My Take:

You can't compare as it's not a gold miner it's a dump recycler so there's no resource to measure.

Their primary input costs are power (eskom) & labour both are on the up with above inflation increases per year.

On an operational level they threw buckets of money at some fine grind system which basically doesn't produce at the level they hoped.

The above is very basic & is why I don't consider it worth investing in.

Hope this helps.   


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#5 JR7800

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Posted 10 January 2019 - 12:47 PM

Can someone please help me understand/shed some light on this share.

 

Since 3 December 2018 the Gold price have increased from $1,220 to today $1,292 - increase $72 (6%).

 

Normally the SA gold shares respond fairly well to an increase in the gold price. Our exchanges rate to the dollar also have an impact but I will assume for my questions purpose that the exchange rate fluctions effects all gold miners the same.

 

What I don't understand is why DRDgold has only moved 5% over this period compared to to almost 30% on the other gold shares.

 

Am I completely missing something on this share? Any opinions or advice will be greatly appreciated.

 

 

 

Drd gold          3 December 2018 R2.93 Today R3.10 - Increase R0.17 (5.8%)

Anglo gold       3 December 2018 R139 Today R180 - Increase R41 (29.5%)

Harmony gold  3 December 2018 R21   Today R27 - Increase R6 (28.5%)


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