SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : DROOY Durban Deep- Best S. African Mine
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Chispas who wrote (546)10/22/2000 9:45:42 PM
From: russwinter  Read Replies (1) of 851
 
Two problems with the takeover scenario: 1. South Africa's govt appears to be discouraging mergers or takeovers from outsiders (witness FN-GOLD). 2. DROOY is a high cost producer, not exactly what the majors are after now days. Reserves with 125 cash costs, is worth 40 or 50 bucks an ounce to a buyer. Reserves with 250- 275 cash costs, has nominal value.

DROOY would be a great stock to own in a big up move in POG. Great leverage from this point. But, as a takeover in a sub-300 environment, makes little sense.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News