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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: John Doyle who wrote (3769)	12/4/2003 7:13:40 PM
From: orkrious	Read Replies (1) \| Respond to of 4916

coincidentally, I was just reading the posts Heinz made today. Date: Thu Dec 04 2003 14:23 trotsky (JD@DROOY) ID#377387: Copyright © 2002 trotsky/Kitco Inc. All rights reserved re. 'what's the fascination with DROOY' - you mean you don't know?? one word: leverage. we seem to have forgotten quickly that during the period of Rand weakness '01-'02, DROOY was by far the best performing gold stock on the JSE...as well as among the top 3 worldwide. so it all depends on the Rand...there's no better put option on the Rand available. aside from that, with 260K. oz. of production now sourced from the PacRim area, DROOY might well begin to surprise positively ( i know, it's been said before... ) . in any case, those R. 200m. in overseas cash flows sure mitigate the Rand problem somewhat.