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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (164438)10/28/2020 11:20:55 PM
From: carranza2  Read Replies (2) | Respond to of 217801
 
Sold some, but still hold a decent position.

Holding to bitter or sweet end.



To: TobagoJack who wrote (164438)10/29/2020 8:16:36 AM
From: Lee Lichterman III1 Recommendation

Recommended By
Follies

  Read Replies (1) | Respond to of 217801
 
I've been watching DRD for a while but have to wonder why you aren't worried at all about them being in S Africa. That is not a business friendly and especially not a miner friendly location.
Companies have left that were there over a hundred years because of the government swooping in and taking assets, hiking huge taxes and fees etc.
I like DRD but have to wonder if they built a power station that the government wouldn't just swoop in and hook it into their grid and demand free power or at least, below cost. Also, if DRD starts making too much money, they'll want their cut, like 90% of it.
If DRD was in Australia or somewhere else, I'd be all over it. I just think the political risk is what holds it back and will continue to.