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Strategies & Market Trends : Ask Vendit Off-Topic Questions
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To: Jill who wrote (3813)1/13/2005 12:27:35 PM
From: rrufff  Read Replies (2) of 8752
 
Jill - a lot of us contrarians are starting to look at DROOY. I grabbed some shares this morning 1.33.

I thought the chart looked like the falling knife.

Fundamentally, it couldn't look worse. However, I'm betting that the South African government will have to let the Rand fall a bit. They don't want to put these miners out of business.

There is talk of them splitting off their non-SA holdings, which I believe is pretty close in value to the total enterprise value of the company.
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