re <<DRD>>
On 16 Apr 2020, at 5:03 AM, J wrote:
Have been in Cape Town since 1st March and the currency imploded about 22% stay-to-date, and together w/ the cratering of oil, would think the DRD processing cost did contra-rise, and fell ~16-20%, even as its output, gold, rose 7+% from US$ 1,600 to US$ 1,716
During the same chaotic time, DRD went from 6.49 to 7.55 to 4.01, to current 8.78. Was dirt, and still dirt, but dirt that pays a dividend backed by known quantity of dirt bequeathed by miners long gone / value-added by use of ancient electricity long expensed. 100% natural organic free-range bank. At zero debt and with 50.01% of the owner enforcing decisions to pay out, seems okay.
Should the world continue to go downward-pointing cucumber-shape, pear-shape, or tomato-shape, or upward-direction banana-shape, concurrent to / accompanied-by fiat money dilution, we may have our consolation prize any which way, as long as the printing presses still have ink.
Frankly I do not believe I have enough DRD, but for the fact that it is one as opposed to many companies. Wish DRD was an ETF of many tailings ponds.
On 15 Apr 2020, at 9:24 PM, H wrote:
In Rand 1 kg of gold now trades at more than ZAR 1 million. According to its last earnings report, DRD had all-in costs of ZAR 460k per kg. A gold mining margin of more than 100% is practically unheard of.
Note gold priced in various currencies per attached chart (ZAR price at the bottom) - methinks gold stocks still have a lot of catching up to do.
On Wed, Apr 15, 2020 at 9:16 PM J wrote:
Been satisfied the way DRD held together, then rallied. Had been long equity, followed by short Puts (strike 5’s). DRD has no debt, is shutdown along w/ rest of S Africa, unlike Canada where gold mining is an essential service.
Want more chances to do perfect. Have not gotten it just right.
On Apr 15, 2020, at 8:58 PM, G wrote:
i wouldn't mind a re test of the dma's... i hate gap openings this close to the now "move" into a bull market...
but, seems today wasn't the day so far, though it certainly looked like it for a bit.
out of all gdx options now, took the money and ran.. not well executed in my view, but it's all been weird as hell, though 3x was nothing to complain about.
still. the tape isn't really telling the story yet, or it is in gold. maybe the new gold bugs will be a stablizing force who hold the line, while the old ones still run around like chickens.
On Wednesday, April 15, 2020 1:48 PM, H wrote:
Assuming a bear market has begun: based on historical precedent, the stock market's next leg down should be a more leisurely decline (as opposed to plunging 30% in less than two weeks) and gold stocks should rise rather than decline with the market.
On Wed, Apr 15, 2020 at 7:20 PM G wrote:
i'm really wanting to know if golds will be a bit more immune to crash wave 2 this time around etc etc. after all, with every wave down the FED and Herr Thumper will ask/print more money which trump will now sign with his own hand because he has total power as president, he said
On Wednesday, April 15, 2020 11:33 AM, S wrote:
No check yet, blue states are back of the line. However the governor did open our beaches but closed all public access points. One percenters win again.
Dumped all my miners an hour ago. Canada's opening move didn't do much for them. Probably a tell for when the deciders say open the doors here. Hint, it won't be a black Friday stampede.
On Wednesday, April 15, 2020 8:50 AM, G wrote:
no worries..... 96 billions just landed among the people. i got mine, did you get some sugar too?
On Wednesday, April 15, 2020 10:29 AM, S wrote:
Credit card bills coming in. Amazing how much I'm not spending!
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