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


To: SouthFloridaGuy who wrote (618)3/5/2002 11:11:13 AM
From: posthumousone  Read Replies (1) | Respond to of 851
 
Did you see the sale by insiders (WOODS)! all the way up to 2/28! Dumping stock in the early days of a bull market (if there really is one)sure casts doubts and a lack of confidence.

So many egos......So much BS

Its kinda funny, finally gold miners have a chance to rise above the fray and what happens (for a few ive been following)
ECO - Major share dilution (shady mgmt)
TVX - good ol reverse split and write down
DROOY - read the saga



To: SouthFloridaGuy who wrote (618)3/5/2002 12:42:56 PM
From: TATRADER  Read Replies (1) | Respond to of 851
 
actually, what is happening in DROOY is probably the best thing that has happened to it in the past 10 years....It has been said that Kebble has milked DROOY for years, and done many stupid business deals...Now that DROOY finally gets a CEO with backbone, the share price goes up...The market likes Wellesley Wood...Just as there is corruption in our government, so there is much corruption in SA...But I don't think SA wants thousands of angry shareholders pulling out of SA as an investment community...They don't need this kind of PR...My prediction is that Wellesley Wood will be given clearance to re-enter before Friday, and that DROOY moves back into its 2.50-2.80 trading range...As soon as POG moves above 300, look for DROOY to move to 3.75-4.00...But what do I know, I am a technical trader...

Regards, Mark

P.S. again this fallout provides a great opportunity for institutions to quietly load up on this stock...I sure hope more of them see the potential I have seen for a long time in this stock...Been around DROOY since the 60 cent days...