DRD Gold Ltd (DRD)

[Vi]

I actually decided to sell it today and rotate the proceeds in
GDXJ.

The reason was the news about Judicial order in their
remaining underground mine. While DROOY could go far higher if
this is resolved, I am not comfortable with this situation. It's
their last remaining underground mine, and the
risk of bankruptcy is too high. Judicial order roughly means
Chapter 11, and I have seen another SA gold miner getting
liquidated this year not all that long after such news.

Which is why DROOY tanked.

Granted, in a gold Mania DROOY should perform great, but
given these problems I am not sure the Company will live,
the risk is too great.

They have surface operations, and I am not sure what caused
this, but this is not positive news. I sold because drooy is
touching the downtrend. It might fly higher still, this is
a technical bounce, at least, maybe some good news.