Been doing some additional reading about this "DRD Gold" link lately... started this speel during the last couple of days... todays quarterly adding some info.
WWI/ASX (West Wits) was born from DRD Gold and Mintails.
"DRD Gold"... still the largest WWI shareholder
Pic below pinched from DRD site...
Many of the WWI / HC crew have been here on the threads for a long time... so I thought I'd put up a few links to the "DRD Gold" site... perhaps in an effort to spur some fresh conversation.
Todays quarterly providing some clarity of DRD's holding...
"During the quarter the Company was advised that DRD
Gold Limited had received approval from the South African authorities to take up its shareholding directly in the company as opposed to holding an interest in the South African subsidiaries as security for that entitlement. This change, which is currently being implemented, will simplify the Company’s shareholding structure through the issue of 38.25m shares (approx. 12%) directly to DRD Gold Limited"
This clarity has relevance... have a random point that may have value further down in my post.
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DRD GOLD is not a peanut sized company by any means...
Some figures for DRD market cap below...
NEW YORK QUOTE?
NYSE:DRD listing quoting a $220,000,000 market cap.
https://www.google.com/finance?cid=664212
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JOHANNESBURG QUOTE?
JSE: DRD listing simliar (2 billion rand?) $230,000,000
http://dashboard.fin24.com/Company/Drdgold-Ltd
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This also gives WWI an direct link to both international stock exchanges... via NYSE and JSE... plus ASX
A very "long bow to draw"... but if the Papua Gold project can get off the ground in full force... this may attract additional attention... attention that I had not perhaps Fully factored in previously.
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DRD GOLD homepage link...
http://www.drd.co.za/
DRD / ERGO project slideshow link...
http://www.drdgold.com/ergo-showcase/
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And the DRD management... we see our Non-exec director still listed... Neil (Daniel) Pretorius... our link to the South African sale of the last "cluster"....
http://www.drd.co.za/about-us/directors-officers-and-executives
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Funding "should" never be a major issue for WWI... if the initial start requires any extra capital.... not with the likes of backers like DRD.... and only in the order of hundreds of thousands of dollars... to very low millions.
All the more reason to value our newest major shareholder in Twynam Ag.
bsh
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Been doing some additional reading about this "DRD Gold" link...
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Mkt cap ! $40.66M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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View Market Depth
No. | Vol. | Price($) |
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7 | 3588613 | 0.008 |
2 | 1409048 | 0.007 |
2 | 2142999 | 0.006 |
3 | 1400000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 2172152 | 5 |
0.011 | 390000 | 2 |
0.012 | 3000000 | 2 |
0.014 | 1000000 | 1 |
0.015 | 1000000 | 1 |
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