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DRDGOLD Ltd. Message Board

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  • sr122160 sr122160 Jul 8, 2003 5:57 PM Flag

    Gold Earnings Meltdown

    I believe if you listened to DROOY's last quarterly report that you would have heard that they have hedged the Rand by the use of options. It is their belief that with the use of this relatively 'cheap' insurance policy they can weather any strength in the Rand for the foreseeable future with very little risk.

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