The JSE and finance forum for South Africa
General Category => Shares => Topic started by: jaDEB on April 24, 2013, 11:50:00 am
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DRD results out tomorrow, do not know if I should wait then sell or sell before. What to do, what do do?
I know some1 else on the other site is in with me, but with search not working cannot find it .....
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JaDEB, the search bar on the top of this site searches both this forum, and the old sharechat. Give it a try. I'm sure this is the thread between you and Theaphelion is the one you're looking for:
http://www.sharechat.co.za/index.php/t/13256/
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Yes, thanks. But ??? 8) that, if the site does not work why should I rely on some1 else (you). I would then rather use your site. It is unfair to use your hard work, to search their site.
You concentrate on making your site work, leave theirs.
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DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
Registration No. 1895/000926/06 / JSE share code: DRD ISIN: ZAE 000058723
NYSE trading symbol: DRD
("DRDGOLD" or "the Group")
REPORT TO SHAREHOLDERS
for the quarter and nine months ended 31 March 2013
GROUP RESULTS: KEY FEATURES
FOR THE QUARTER Q3 2013 v Q3 2012
- Gold production up 3% to 35 976 oz
- Gold revenue up 16% to R531.0 million
- Operating profit up 5% to R170.7 million
- Cash operating costs up 3% to US$1 111/oz
- Headline earnings up 17% to 14 cps
FOR THE NINE MONTHS FY2013 v FY2012
- Gold production up 7% to 110 822 oz
- Gold revenue up 20% to R1 638.4 million
- Operating profit up 15% to R583.1 million
- Cash operating costs up 1% to US$1 091/oz
- Headline earnings up 51% to 59 cps
ERPM, ZIMBABWE
As reported last quarter, we intend to dispose of our ERPM underground mining asset in South Africa and our exploration assets in Zimbabwe. Various
expressions of interest have been received and these are being assessed, our objective being to secure the best deals that maximise value for shareholders.
LOOKING AHEAD
As we move into the exciting commissioning phase of the new flotation/fine-grind circuit at Ergo's Brakpan plant our first delivery from our ongoing
research and development programme we are cautiously optimistic about this project's ability to deliver into targeted operating and financial
performance. Meantime, as our strategic capital commitments come to an end, we remain focused on maximising the operating and financial capabilities
of the Brakpan plant's CIL circuit. A key element here is improved productivity, both at operational and individual employee level.
OK, as far as I can see I am talking to myself and Mr Bond.
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OK, as far as I can see I am talking to myself and Mr Bond.
I think a lot of us competition guys are reading, but don't feel experienced enough to make a contribution. I'm trying to learn from you guys who've been a round a while.
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If i may, the improvement in production is a good positive, but based on the recently falling gold price, how many oz are in reserves that DRD can economically access. Most of the gold revenue is eaten up by the increase in the gold price over the past 12 months. The 12 month period Jan through Dec '12 and '13 will be the watch point in my opinion, especially when looking at quarter on quarter
Cash operating costs are kept nicely in check, but do they exclude capital in the cash cost, as with the company I work for we report on total NCE margin, which is a better relfection of all in costs
That is all my limited knowledge can add, but feel free to correct me if I am wrong.
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Dankie Mr Hstig
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Do we know why this is falling so much, down another 7% in US overnight.
:frustrated:
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???
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Check this ..
(For an explanation of P&F charts see HERE (http://support.stockcharts.com/forums/30077/entries/21293)
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:wtf:
Dammit, we can so make money here and with SGL. Or loose - :frustrated: ... If we just had a crystal ball to tell us what the gold price and Rand will be doing. How about it Patrick, can you add the ball to your website, say to subscriber's only ?
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Yes jaDEB. You will need balls for gold stocks. Big Balls.
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:wtf:
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No I do not, had some a while ago, then SGL. I now have Glencore, that, for some reason has been stable the last couple of days. Of course they do not have gold.
Port 1 (mine)
100% - GLN
Port 2 (Mine/my brother Darryl / Other brother Darry)
100% OCE
But damn, gold dropped to 1214, now back up to 1226. Rand at R10.38. I am such a scary cat, if you catch the bottom, you can make some nice ching.
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Sold mine @ R6.50 in April 2013 ..
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Ja, another runner for the hills.....
Appointment Of New Chief Financial Officer
DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
JSE share code: DRD
ISIN: ZAE000058723
Issuer code: DUSM
NYSE trading symbol: DRD
(“DRDGOLD”)
APPOINTMENT OF NEW CHIEF FINANCIAL OFFICER
In compliance with paragraph 3.59(a) of the JSE Limited Listings Requirements,
shareholders of DRDGOLD are advised that its group financial accountant, Francois van der
Westhuizen has been appointed as chief financial officer and an executive director of
DRDGOLD with effect from 1 January 2014. He replaces Craig Barnes, :wtf: :'( who is immigrating
to Australia, as announced on the Stock Exchange News Service on 30 September 2013.
Mr van der Westhuizen, age 33, has over 11 years’ financial experience, five of which have
been spent in the mining industry. He joined DRDGOLD in May 2009 as group financial
accountant. His most recent responsibilities have included local and foreign financial
reporting and the group treasury function. He is also head of the tax department.
Mr van der Westhuizen is a chartered accountant (South Africa), has a BCom (Hons) from
the University of Pretoria and a Magister Commercii (specialising in taxation). He also has
an Associate Chartered Management Accountant qualification from the Chartered Institute of
Management Accountants (United Kingdom). Prior to joining DRDGOLD, he spent just over
two years with PricewaterhouseCoopers LLP.
Roodepoort
4 December 2013
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I just checked, In 2013 I bought DRD @ R5.70, then sold it later for R6.15. Imagine I kept it....... ;) , now at R2.12, but I still do follow the commodities.
See u sold at R7.00, did you buy again? At what Price?
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I follow the following, just to keep tabs where the market is going.
Gold
Platinum
Copper
Nickel
Oil
Euro / Dollar
USD / Rant
Rant / Australian Dollar
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I like that quote, where is it from?
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Hi jaDEB, u missing the one most important indicator of all of those you have listed. Good Luck in real life & competition bro
"After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!"
Yeah. Me too. Sometimes I sit and think and sometimes I just sits.
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My sit and think share is NPN ;D
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be very careful, china has also mastered the dark art of smoke & mirrors
As long as the 6 Trillion of them uses Tencents websites and chat sites to do it. :LHST: