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Bruce A Thompson

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Bruce A Thompson

Re: augieboo post# 432

Monday, 07/08/2002 10:09:17 AM

Monday, July 08, 2002 10:09:17 AM

Post# of 704019
DROOY Closes Hedgebook


http://www.news24.com/News24/Finance/Companies/0,4186,2-8-24_1210522,00.html


Johannesburg - Durban Roodepoort Deep (DRD) said on Monday it had closed out its full revenue hedge book. "The outstanding fixed loss on the close out was US$17m, which will be repaid within the current financial year," DRD said in a statement. The company said it would now receive the full spot price from its gold sales.


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