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Special Situation Report:
Date: December 28, 2005
Newsbreak !
Uncharted territory, With metals at record highs, what's a trader to do?
11/17/2005 - BALTIMORE, Md. (MarketWatch) -- Platinum, Gold, and Copper... Oh my! With almost all of the metals reaching multi-year highs, or
lifetime contract highs, traders are quite literally in uncharted territory. Platinum for example just hit a lifetime contract high, gold is trading
at 18 year highs and copper has been surging to new highs almost weekly. So the age old question remains: Is this a buying opportunity or a great
level to cash out and go short? Answer: 'The trend is your friend' -- until it ends! And the trend has NOT ended!
Click here for more information concerning this exciting
article.
Our Feature Profile:
DRDGOLD Limited
(NasdaqSC: DROOY)
Company Profile
DRDGOLD Limited (DRDGOLD), formerly known as Durban Roodepoort Deep, Limited, operates gold mines in South Africa and Papua New Guinea. The South
African operations consist of DRDGOLD's holdings in Blyvooruitzicht Gold Mining Company Limited, Crown Gold Recoveries (Pty) Limited and East Rand
Proprietary Mines Limited. In Papua New Guinea, DRDGOLD's holdings comprise of Tolukuma Gold Mines Limited and 20% participation in the operations of
the Porgera Joint Venture, through its holding in DRD (Porgera) Limited. In Fiji, the Company has a stake in Emperor Mines Limited, which owns and
operates the Vatukoula mine. During the fiscal year ended June 30, 2005, DRDGOLD's mineral resource base was 36.6 million ounces, and attributable
ore reserves were 6.6 million ounces.
Financial Summary:
DRDGOLD Ltd. is a gold mining company engaged in underground and surface mining. The Company focuses its operations on the West Witwatersand
Basin in South Africa. For the 6 months ended 12/31/04, revenues increased 6% to $156.4M. Net loss totaled $61.8M, up from $27.9M. Revenues reflect
higher gold sales. Losses reflect lower operating margin due to higher depreciation and amortization, and higher loss on derivative instrument.
Key Management:
- Mark Wellesley-Wood Chief Executive Officer, Director
- John Sayes Chief Financial Officer, Director
- Michael P. Marriott Chief Operating Officer
- Daniel J. Pretorius Group Legal Counsel Officer
- Themba J. Gwebu Secretary Officer
- Craig C. Barnes Group Financial Accountant Officer
- William T. Beer Regional General Manager Assets and Commercial Officer
- Jacob H. Dissel Group Financial Manager Officer
- Amanda R. Hoosen Manager Internal Audit and Compliance Officer
SEC Filings:
Edgar search results for all of DROOY's recent SEC filings can be found at:
http://www.buyandhold.com/StockMgr
Share Structure:
| Exchange and Symbol | NasdaqSC DROOY |
| Recent Price | $1.45, December 28, 2005 |
| 52-week High - Low | $1.66 (high) - $0.30 (low) |
| Average Volume | 3,059K |
| Market Capitalization | 423M |
| Industry Sector | Gold Mining Industry |
Contact Information:
| DROOY Limited |
| 45 Empire Road |
| Johannesburg, 2193 |
| South Africa Tel(Main): +27 11 4824968 |
| Fax(Main): +27 11 4824641 |
| Tel(Direct): +27 11 4824968 |
Technical Analysis
Conclusion
The metals offer several ways to jump in to the bull market. Small-cap mining stocks, while volatile, are also a good alternative and are packed
with potential value. So remember the trend is your friend until it ends -- so make good use of it until then. And based on technical analysis, the
trend for DROOY is clearly Up. Dig in and enjoy the clear bull run in the metals right now that shows little sign of slowing.
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degree of investment risk and volatility. All investors are cautioned that you may lose all or a portion of your investment if
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involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or
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limited to, demand for the Company's product both domestically and abroad, the Company's ability to continue to develop its market,
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