DRD Gold Ltd (DRD)

[Vi]

I usually throw these docs in the garbage. I hold quite a few
gold stocks, and your vote will typically have no bearing
on anything that happens.
Hopefully, earthquakes and strikes don't happen
to DROOY every quarter, although... gold bugs have their
reasons to hate this stock. Mostly, for falling in love
with it early this decade on belief that this stock is
20x leveraged to price of gold. It is, but costs soared too.
I believe this stock will still shine in a gold mania, which
is likely coming next.

FWIW, a few reasons SA miners lagged and are currently the
cheapest gold miners on the planet.

1) Strong rand (for a while, 2002-2006)

2) record oil, in gold terms, which affects costs

3) low to negative margins

4) RSA issues, such as electricity blackouts, strikes, etc.

A note: South Africa is STILL home to 50% of known World gold
reserves