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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (870)4/27/2001 11:23:46 AM
From: ild  Read Replies (1) | Respond to of 4051
 
Russwinter, Please read #reply-15725411 about DROOY



To: russwinter who wrote (870)4/27/2001 12:26:12 PM
From: goldsheet  Read Replies (1) | Respond to of 4051
 
I share your concerns about RSA, and I have not been a big fan of either DROOY or HGMCY. Both of these firms should have been investing every penny of cash flow obtained from the declining grade underground mines into open pit heap leach operations outside RSA. Diversifcation would at least give them the option to mothball the worst RSA mines and eliminate dependence on one country. HGMCY might survive, but DROOY is starting to look like a slow liquidation in progress.