Loading ...I never owned the old DROOY, but many of the G-E posters had it as their favorite stock, and they were always complaining about non performance. I suggested the company should change the stupid symbol.
The old DROOY, I know nothing about re the new DRD they recycle tailings of prior mining operations. No mine in a sense. Just going thru garbage. Long conveyor belts I read.
It must be a decent company. It has earnings and a p/e. Pays a div. Recommended in the Dinesletter, (bullish on gold) and they are buying up the rights they are entitled to.
part:
DRDGOLD, is a mid-tier, unhedged gold producer and a world leader in surface gold tailings retreatment. In FY2016 the company produced 143 457oz and declared mineral resources of 50.67 Moz and mineral reserves of 1.8Moz.