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

To: POLARBEAR who wrote (263)	10/6/1999 9:31:00 PM
From: baystock	Read Replies (1) \| Respond to of 851

I would say Harmony is stronger than DROOY lately. I beginning to wonder whats wrong with DROOY. I think it may be related to the problems we've seen recently with hedges. Harmony is well known to be completely hedged, whereas DROOY is last known to have 1.3 million oz worth of hedging. Also there maybe some uncertainty about whether they have increased their hedging since buying Harties. I think they need to come out with a release on their current hedge book similar to what Harmony did today.