DROOY Durban Deep- Best S. African Mine Message Board

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Gold/Mining/Energy : DROOY Durban Deep- Best S. African Mine

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To: posthumousone who wrote (693)	4/27/2002 11:35:42 AM
From: Secret_Agent_Man	Read Replies (2) of 851

The Mitsui AM gold comment (mostly about the Thursday action): Gold surged in London time through 305 and in early NY time to fresh highs, as fund buying, option-related buying and triggered-stops on the back of USD weakness and other external factors (bomb fears in NY, Middle East tensions) took grip in what initially looked like it would be a quiet market ahead of the OTC option expiration. One dealer in particular was a featured buyer in the morning and then seller in the afternoon. There were also rumours of a producer buy-back filtering through the market. Word around town was that Durban Deep was the producer. The Roodeport Rocket promised shareholders it would cover all its hedges by sometime in June.

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