Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: JG who wrote (288)	10/10/1999 6:26:00 PM
From: baystock	Respond to of 851

I think most gold investors know that this move is for real because it has been backed by European Central banks. But they are selecting to invest only in gold mining companies that are positioned to benefit from rising gold prices rather than falling prices. You have black and white situations like Harmony which has zero hedging and ABX which is hedged to the eyeballs and then you have the companies in between like DROOY. For the companies in between there is insufficient information to make an informed investment decision. Gold share investors are use to analyzing things like cost of production and cash flow but not things like hedge books, even the so called "plain Vanilla" kind.