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Guys watch this one.

They pretty much have world monopoly on drilling out large diameter holes on mines. They are good at what they do and have cutting edge R&D (excuse the pun  )

Most of their income comes from offshore (40% in South America) so its a nice hedge against the Rand as well. 

They have already issued a profit warning, I think its going to be a winner. 

Thanks for the link Nivek.

There are some unbelievably cheap mining stocks out there, and it will stay this way for the next few months before things start to come back. I reckon this will be towards the end of the summer holidays, perhaps as late as Oct/Nov. (I HOPE it does by then anyway!  )

 Frankly buying South African stocks to me is not very bright given the optics of unions, government blaming Goldfields exec's for deaths etc. and other bad politics.

There are too many other good mining companies in other jurisdictions that do not have these problems that are also going at bargain rates. So why should an investor bother with South African risk?

That said, some of the more successful companies are still potentially good buys. Might be a good idea to pick up some cheaper stock now to lower your average price if are already in these stocks.