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Gold/Mining/Energy : DROOY Durban Deep- Best S. African Mine -- Ignore unavailable to you. Want to Upgrade?


To: The Barracuda™ who wrote (260)10/1/1999 4:09:00 PM
From: baystock  Read Replies (1) | Respond to of 851
 
I agree with you that DROOY has been hyped, not unlike many Canadian Juniors. We saw that hype in action last fall when DROOY went to $3.50 when POG was still under $300. But this is all irrelevant if the POG rises to $350, which was the premise behind my calculations.

So why do you like GSTD better than DROOY ? I realize they have lots of cash. But if I wanted cash I would keep my money in the bank. What is their gold production or prospects for production ?



To: The Barracuda™ who wrote (260)10/2/1999 12:47:00 PM
From: POLARBEAR  Read Replies (1) | Respond to of 851
 
"Harmony has not been hyped so it doesn't have to develop a stable of new buyers like DROOY does. "

A good point Robert. Harmony is my largest holding by far, but I do have a good chunk of Durban as well.

On the other side, one could argue that DROOY is much more widely known, and if people decide to buy a leveraged company, many will go to Durban just because they've heard about it for years.

Harmony has been very strong of late, seeming to be as strong as Durban on the upside, but not pulling back as much on the retracements.

Best of luck.

PB