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Strategies & Market Trends : Natural Resource Stocks
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To: SliderOnTheBlack who wrote (19757)1/6/2005 2:09:47 PM
From: Chaka  Read Replies (1) of 108627
 
Very compelling couple of posts, Slider.I am in DROOY at 1.46 for the very same reasons, including the insider buys which reduces the chances of near-term dilution. I had bought it earlier at 1.58 but sold it when SARB didn't do a rate cut in dec...looks like SARB may cut in Feb. while the Fed will hike, further narrowing the spread in the carry trade.

Any ideas on the takeover/exploration play - I am thinking KRY/GRZ seems a good bet on those but haven't bitten yet.
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