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


To: Follies who wrote (174508)7/9/2021 6:27:40 PM
From: TobagoJack  Respond to of 217826
 
We do not want DRD to catch a bid!
We want DRD to tank!!
We want more DRD!!!

DRD is beautifully perfect. DRD makes me want to cry the tears of joy.

$0.58 dividends (5.53% yield) paid out last 12 months on a $10.5 stock that carries no corporate debt and sports rich option premium (12-18%), and all gold; can it get any better?!

Yes, it can, by DRD maintaining current payout of 0.197 over the coming 4 quarters, summing to 0.79, for 7.5% yield plus option perks, potentially netting 25% return, or sadly, should it catch a bid, more.

nasdaq.com



of



To: Follies who wrote (174508)7/9/2021 6:58:59 PM
From: TobagoJack  Respond to of 217826
 
Gold might win, and if so, DRD payouts should grow Message 33392002

I adore DRD

bitcoin-in-crash-no-reason-to-own-it-minerd-tells-cnbc

Bitcoin ‘Crash’ Risks Taking Its Price Down to $10,000, Minerd Says

The Guggenheim Investments chairman said in an interview with CNBC that he wouldn’t be in a hurry to buy the cryptocurrency.

Colin Keatinge
9 July 2021, 22:28 GMT+8
There’s no reason for investors to buy Bitcoin at the moment, according to Guggenheim Investments Chairman Scott Minerd.

The world’s biggest cryptocurrency is in the midst of a crash that may take it to as low as $10,000, Minerd said in an interview with CNBC.

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“When we look at the history of crypto and we look at where we are, I mean, I really do believe this is probably a crash, and you know a crash would mean we’d be down 70-80% which, let’s just say that’s between 10 and 15 thousand,” he said.

Bitcoin is currently trading at around $33,300, about 50% below the record highs above $60,000 that it hit just three months earlier. The tumble in prices has been driven by a slew of factors, including increasing regulatory scrutiny from China to the U.K., the environmental impact of crypto mining and concerns that the asset in general holds no inherent value. Its most outspoken evangelists and skeptics are no closer to a consensus on the outlook.

“Put it this way, I wouldn’t be in a hurry to buy Bitcoin and I don’t see any reason to own it right now,” Minerd told CNBC. “If you’re going to be a speculator, speculate that it’s heading lower.”

Minerd wasn’t always a Bitcoin bear. Back in December, he told Bloomberg News that it should be worth “about $400,000.”

But in May, Minerd tweeted that “crypto has proven to be Tulipmania,” referring to the 17th century speculative bubble involving prices for tulip bulbs.

And late last month he had another ominous prediction: “Look for more declines in crypto as Bitcoin breaks through support,” he tweeted. “Next likely support level is $20,000.”

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To: Follies who wrote (174508)7/11/2021 11:14:06 PM
From: TobagoJack  Respond to of 217826
 
Nearly forgot, I suppose sentiment re DRD might be dampened by incipient expectation that the tailings processing works might be CoVid shut-down again as did last year this time

I would hope that DRD management bought vaccines and dispensed to employees and families but do not know

the situation bears watching

but should DRD wobble, we need to think faster than fast depending on what is being priced-in and how

right now all as was, meaning no changes being priced-in










To: Follies who wrote (174508)7/13/2021 8:01:30 PM
From: TobagoJack  Respond to of 217826
 
Re <<and DRD can’t catch a bid. What’s up with that?>>

Might be mattering to DRD. If so, ultra bullish in a bearish way, meaning need to wait-for-it, 'it' being the psychological moment.

zerohedge.com

South Africa's Largest Oil Refinery Shutters Operations Amid Ongoing ViolenceUpdate (1548ET): As the worst violence in years plagues South Africa, the country's largest oil refinery, Sapref, has shuttered operations "due to the civil unrest in the country and disruption of supply routes in and out of Kwazulu-Natal," the company said.

"Due to the civil unrest in the country and disruption of supply routes in and out of Kwazulu-Natal, suppliers of materials critical to SAPREF operations communicated the suspension of deliveries to the refinery due to safety concerns for their staff and damages to their vehicles on the roads," the statement read.


Here's the complete statement:

[url=][/url]

Here's an image of the large refinery.

[url=][/url]

There's also concern that fuel stations across some regions of South Africa could soon run dry. Sapref has declared "force majeure," meaning it cannot honor supply contracts.

[url=][/url]

South African President Cyril Ramaphosa has already deployed the military to quell the unrest as shopping malls and warehouses are looted.

Ramaphosa warned that shortages from food to medicines could be imminent.

* * *

South African President Cyril Ramaphosa deployed the military Monday to restore law and order after days of violent protests and mass looting following the imprisonment of former leader Jacob Zuma. The latest round of social unrest is some of the worst since the mid-1990s.

The widespread looting and social unrest were triggered by last week's incarceration of former President Zuma. Ramaphosa addressed the nation Monday evening, pleading for calm and for looters to consider the consequences of their actions.

"We are therefore mobilizing all available resources and capabilities to restore order," Ramaphosa told the nation.


"Let me be clear: we will take action to protect every person in this country against the threat of violence, intimidation, theft, and looting."


"What we are witnessing now are opportunistic acts of criminality," the president said. He also warned that unrest could undermine efforts to quell the virus pandemic.


"Our vaccination program has been severely disrupted just as it is gaining momentum."


The president also warned that in a matter of weeks, "there's a huge risk of food insecurity and medication insecurity."

His comments on national television come 24 hours after COVID lockdowns were extended for another two weeks.

The deployment of the army and other forces have been sent to several townships in KwaZulu-Natal, Gauteng, Mpumalanga, and the North West, as the local police have been overwhelmed by the violence.

The unrest has already disrupted business activity in parts of the country and could undermine the economic recovery and confidence in the country by foreign investors.

"The disquiet about Zuma's arrest is being used as an excuse for sheer, opportunistic looting," said Busisiwe Mavuso, the chief executive officer of Business Leadership South Africa, which represents some of the largest corporations in the country.


"The anarchy on the ground puts yet another nail in our ailing economy's coffin."


According to Bloomberg, More than 200 shopping malls were looted on Monday, and retailers had lost an estimated 2 billion rand ($137 million). There's also been widespread looting of warehouses.

Meanwhile, the reaction in markets was most pronounced in the Rand...

[url=][/url]

If the growing unrest is not contained, then expect the Rand to weaken against the dollar even more.



To: Follies who wrote (174508)7/14/2021 6:04:28 PM
From: TobagoJack  Respond to of 217826
 
Might matter to DRD, making it a double-buy after de-risking an already good-buy by and by

economist.com

South Africa’s war for the rule of law

Order must be restored quickly in Africa’s most industrialised country

Jul 14th 2021
SOUTH AFRICA offers dry kindling for political conflagration. Unemployment and inequality are preposterously high. Many people lack food, electricity and running water, while members of the ruling African National Congress (ANC) gorge on graft. The two years before covid-19 hit saw more protests than probably at any time in the democratic era. The pandemic, by far Africa’s worst if official statistics are to be trusted, has killed at least 65,595 people and plunged many more into destitution.

Yet the violence that has engulfed the country in the past week is not a spontaneous protest against such ills. It was incited, and in some cases perhaps instigated, by people close to the former president, Jacob Zuma. Their narrow aim is to have him released after his imprisonment on July 7th for holding in contempt a judge-led inquiry into his corrupt reign of 2009-18. Their broader goal is to make the country ungovernable so as to undermine his successor, Cyril Ramaphosa. For South Africa’s sake—and Africa’s—they must not succeed.

Mr Zuma represents the ugly side of the ANC. His supporters either tolerate corruption, or avidly indulge in it. Mr Ramaphosa was elected to clean up the mess his predecessor left behind: a system of “state capture” that cost South Africa more than 500bn rand ($34.5bn), or about 10% of a year’s GDP. Mr Zuma’s cronies had looted budgets and subverted the bodies designed to check such abuses, including the police and prosecutors. Mr Ramaphosa has put clean, capable people back in charge of the tax and prosecution services. And judges are mostly honest and independent. For optimists, Mr Zuma’s sentencing symbolised South Africa’s renewed commitment to the rule of law.

That is why the bigwigs who profit from lawlessness are so desperate to thwart it. Many within the ANC still see Mr Zuma as their leader and his faction as their best chance for enrichment. Some police and spooks preferred the old, corrupt, ways, too. The weakness of the state is most acute in Mr Zuma’s stronghold of KwaZulu-Natal (KZN), a province with a history of violence by Zulu nationalists, scores of recent political assassinations, and local mafias. Many Zulus believe Mr Zuma when he claims, speciously, to be the victim of a political witch hunt.

In the past week at least 72 people have been killed and 1,234 arrested. In Gauteng, the economic heartland containing Johannesburg, shops have been ransacked. In KZN there have also been attacks on vital infrastructure: telecommunications towers, industrial warehouses and lorries along a crucial highway to the port of Durban. Hundreds of businesses have been destroyed. The country’s biggest refinery has shut. Petrol, food and medicines are in short supply in KZN. Local citizens, some nervously clutching guns, others holding no more than their neighbours’ hands, are protecting their houses and shops.

Mr Ramaphosa’s response has been too slow. He must get a grip. The priorities are to restore order in Gauteng and KZN, and to stop violence from spreading to the other seven provinces. On July 14th the defence minister said 25,000 troops would be deployed, the largest mobilisation since the end of apartheid. Authorities must be given everything they need to go after ringleaders. The finance ministry needs a plan to rebuild the economy and ease the pain of the pandemic. The police minister and commissioner should be fired. Calls to release Mr Zuma to stop the violence must be rejected with the disdain such ransom notes deserve.

Some South Africans wonder if their state is up to the task. But the security forces have enforced covid-related restrictions, so they should be able to restore peace. The inspiring response by non-state institutions—reporters, business groups, grassroots charities—is a reminder of the best of South Africa. The riot­ers and their sponsors want to destroy the rule of law. Mr Ramaphosa, and all patriotic South Africans, must uphold it.



To: Follies who wrote (174508)7/15/2021 8:21:02 AM
From: TobagoJack1 Recommendation

Recommended By
maceng2

  Read Replies (3) | Respond to of 217826
 
S Africa / DRD watch & brief … looking bleak, can get much worse before the troops do their job, and they will succeed, am guessing, as the army appears to be professional.

Am sure DRD is well guarded, and also the community of family & friends shall coalesce around its facilities, albeit its share price might get hit.

zerohedge.com

South African Army 'Activates' All Reserve Members Amid Worsening Social Unrest

Update (1810ET): As social unrest nears the 7th day in Gauteng and KwaZulu-Natal provinces, the South African Army Reserve has ordered "all Reserve Members" for duty on Thursday morning.

"As directed by Chief of the South African Army, Lieutenant General Lawrence Khulekani Mbatha all Reserve Members are to report for duty at First Light tomorrow morning 15 July 2021 at their respective units," the statement read.


Here's the complete media statement:



The statement wasn't clear how many reserves the army has but a Wikipedia entry on the "South African Army" estimates around "12,300 reserve force personnel."

* * *

Update (1702ET): Vigilante groups and armed community members patrol Gauteng and KwaZulu-Natal, the two provinces hit hard by the social unrest in South Africa. The country could become a failed state as the police and military have yet to quell the violence.

* * *

Update (1455ET): Social unrest raged in South Africa for nearly a week as food, fuel, and ammo shortages materialized. Farming, manufacturing, and oil refining have gone offline in certain regions as the worst unrest in decades continues.

President Cyril Ramaphosa released a statement Wednesday that deployment of the military will expand. Political leaders have requested the president to put more boots on the ground as local police forces are overwhelmed. In some areas, police have looted businesses themselves as the country descends into what could be a failed state.

"President Ramaphosa welcomed proposals made by political leaders and said expanded deployment of the South African National Defence Force was being addressed," according to a statement from the president.


According to the "Unrest Map" via PolicyLab, the unrest unfolds in two provinces, Gauteng and Durban.



Many rioters have crushed massive supply chains and transport networks in Johannesburg and the southeastern province of KwaZulu-Natal.

The Port of Durban, the fourth-largest container terminal in the Southern Hemisphere, has been impacted by the looting. Reuters reports looters have hit Durban warehouses and other news outlets say the port area has come to a standstill.

"Sadly, South Africa is on its knees. Entire communities have been razed, but more significantly – at least for those trying to calculate what the future might hold – the violence has targeted vital nodes of distribution: logistics capacity in Mooi River; local food and dry good stores throughout eThekwini; large malls and warehouse facilities along the coastline and up into Pietermaritzburg," local newspaper Daily Maverick said.


Here are more visuals South Africa may be descending into further chaos.

Rioters targeting infrastructure.

More looting of malls.

More warehouses lit on fire.

YouTuber " Paratus" describes 'citizen militias' are guarding communities as the police and government have failed the citizens.



Gunshots are heard in KwaZulu-Natal.

All of this suggests the South African government should expand domestic military operations to quell unrest or risk spreading to other provinces by the weekend.

* * *

South Africa could be on the verge of collapse, and all the warning signs are there. The looters have targeted foreign shops, shopping centers, distribution centers/warehouses, and raided gun shops. Shortages are emerging in food, fuel, and ammo.

Over 70 have reportedly been killed since social unrest began last week after ex-president Jacob Zuma was jailed for failing to appear at a corruption inquiry. Supporters of Zuma, the nation's first Zulu president, have been on a looting spree that has crippled KwaZulu-Natal and parts of Johannesburg and disrupted national supply routes, resulting in food and fuel shortages in the affected area.

According to the Consumer Goods Council of South Africa, more than 600 stores have been looted with hundreds millions of dollars in damage.

President Cyril Ramaphosa deployed the military to quell the unrest,but nothing has worked so far worked.

Civilians are defending their own communities and running low on food, fuel, and ammo; supply chains are destroyed, and it wasn't quick, about a week, as the country faces collapse.

On Tuesday, Sapref refinery near Durban, operated by Shell and BP, had shuttered operations due to civil unrest.

There's also news that the country's top chicken and meat processor, Rainbow Chickens Ltd., was raided by looters, which means widespread food shortages could be imminent.

Allegedly, some security firms are reporting police are "low on ammunition."

Supposedly from a security group, looters are targeting all the gun shops.

Community members have set up private patrols to defend their community from rioters.

Someone explains that the unrest from Zulu rioters is to starve out the "Whites/Indians." The unknown person said this could be "civil war."

More scenes of the chaos.

??| Violent scenes in South Africa

??Deadly unrest continues to spread across the country. #SouthAfrica pic.twitter.com/ix7xU4Vm0n

— EHA News (@eha_news) July 14, 2021
Even the police are looting.

One Twitter user said, "crumbling economy - KwaZulu-Natal - Durban total destruction after mobs in the thousands descended on Nandi Drive looting destroying and burning factories warehouses private businesses shops vehicles."

More chaos.

Footage of private residences being petrol bombed by rioters.

Massive manufacturing facility on fire. This was one of many set on fire this week.

More destruction of warehouses.

Sent from my iPad