Re <<Added DRD at 9.24 and FNV at 110.xx>>
I rolled my March expiration short-Puts strike-10s to April and May, and a bit of August, all strike-10s and collected my dues
Gold did not behave well recently (did not behave as I wished it to behave), and I think totally nonsensical, but never mind, testing of faith by the market and in the case of DRD I find the tests easier than in the case of a lot of other plays.
Who can know. Maybe money dilution really doesn’t matter at some stage, and only the expectation of more dilution requires attention, so that gold would keep going down and everything else up.
By DRD we are taking the very lonely path on a small cap.
Re <<FNV>> ... watching. DRD is an easier commitment, like dinner w/ a heart-stilling lady lifeguard. FNV requires more deliberation at this juncture. But FNV a lot easier to make space for than the miners and explorers, unless and until financial blood flows on the street more copiously.
DRD is a bank, w/ one depositor, deposits denominated in gold, and we get the dividends resulting from all the stimies dispensed around the planet.
FNV is an investment bank.
The miners and explorers are the rest, blue chips, workers, playthings, muppets, and startups.
It is quaint that folks believe interest rates (nominal / real) shall be sustainably up, and allowed to stay there by the empires, kingdoms, domains, and such. A giggle re what people can be quickly conditioned to believe.
finance.yahoo.com
DRDGold Ltd (NYSE:DRD)
DRDGold has an average price target of $13.33 per share, which mirrors a 46.2% upside from Thursday's closing price of $9.12.
Based in Johannesburg, this South African gold operator is producing gold from the treatment of surface tailings as a result of previous mining activities conducted by other companies in the Witwatersrand basin in the South African province of Gauteng.
The company aims to produce 185,000 ounces of gold in full fiscal year 2021, which will mark a 6.1% increase from 174,385 ounces made in the previous full fiscal year ended on June 30, 2020. The company will sustain an operating cost of nearly $1,100 per troy ounce.
The stock has a market capitalization of $779.85 million, an enterprise value-to-Ebitda ratio of 7.77 (versus the industry median of 12.12) and a price-book ratio of 4.12 (versus the industry median of 2.48).
Currently, the share price is 13.6% lower than the middle point of the 52-week range of $3.06 to $18.05 and is trading 7.7% below the 20-day simple moving average. The 14-day Relative Strength Index of 37.3 indicates that the stock is not far from oversold levels. |
