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To: LLCF who wrote (145813)1/24/2002 4:15:11 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 436258
 
DROOY's earnings report was an unqualified smash hit...RoE of 17% this quarter ALONE, LOL. debt/equity down to 15% from 50%...1/3 of hedge book covered, margins doubled, earnings up 118% in USD and 170% in Rand terms...from the June quarter onward, the elimination of the remaining hedges by itself should double earnings AGAIN.

but it DID turn into a 'sell the news'. DROOY has been the third best performing gold stock world-wide over the past year...will probably correct a bit more here, and then resume trucking. it's going to be a gold mania darling, the Western Areas of the new millennium i call it.

they're thinking about paying future dividends in gold too...