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Gold/Mining/Energy : DROOY Durban Deep- Best S. African Mine
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To: POLARBEAR who wrote (513)5/5/2000 12:04:00 PM
From: baystock  Read Replies (1) of 851
 
The problem I have with this article is firstly that it doesn't take into account the affect of DROOY's hedgebook. I would imagine that some 2 bit amateur analyst could have come up with a similar analysis of Ashanti before its hedgebook blew up in its face. Secondly the use of a PE of 100 opens it up to such ridicule that even what may be correct cannot be taken seriously at all, since it puts into question the judgement of the author.
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