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To: SliderOnTheBlack who wrote (19729)	1/5/2005 8:29:11 PM
From: ItsAllCyclical	Respond to of 108623

Add GBN to your SA list as well. I believe they have close to 11 mil ounces total in the ground. They also have a small scale JV going w/Hecla in Nevada that's taking it's time getting started, but I think it'll eventually go through. Have a small position here in GBN, but nothing in DROOY - yet, but that could change fast if conditions warrant. Agree it looks interesting here. Rand has been heading down the last few days, but looking at a 10 year chart there's nothing to say that it couldn't head higher. If gold does stablize here I'd expect the Rand to head back up, but if not that would be an excellent sign to accumulate the SA plays. Currently the Rand has outpaced gold when gold has headed higher. The nice thing about GBN is that they're not a current producer so they're not losing money on the Rand. More of an option on gold/Rand price. Great board for more DD than I could ever provide... investorshub.com Welcome back. Hope this helps.

To: SliderOnTheBlack who wrote (19729)	1/5/2005 9:01:56 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 108623

FWIW, I do think DROOY is compelling here, but the fat pig stepped on my feet one too many times of late when I tried dancing with her. She's going to have to prove herself a tad first before I resume. Lost some from 2.4 to 2.25. Made some of the run from 1.80 to 2.20 and then lost a tad from 1.75 to 1.65. If the SA issues do decide to find support and move higher it'll put a nice floor on the HUI and probably drive the sector higher overall, but of course initially the SA issues would lead given their oversold levels. Market feels kinda of sick overall. Still watching the Euro ST to see where it finds support so I'm not inclined to add to my existing positions here. Still have GRZ, GRS, NG as my main horses. Waiting for better prices on a few others. Consider these three my core and when I add back DROOY or KGC it'll be as ST traders. As a start I'd like DROOY to clear 1.55 to 1.6 on a closing basis and then I'll get interested again. If I had zero PM positions here I might be inclined to buy some at these prices, but 1.55 to 1.6 is not much from the bottom assuming it has found one.

To: SliderOnTheBlack who wrote (19729)	1/6/2005 8:24:05 AM
From: croesus1111	Respond to of 108623

Slider, Both DROOY and HMY are losing money at present. How much per month or per year will they have to borrow and/or dilute to finance their operations until they get a favorable move in gold in terms of the Rand? Will that be significant to their stock price? RANGY and GFI are in the black, which I generally prefer, although that may create less leverage...