With hindsight I should have loaded up at 53-55 after selling most of it around 58-60 level.
Just bought a small stake around (51-55).
But since I was holding a truck load of DRM which was trading at a discount for quite some time.......I hope haven't missed much. I guess Big brother SLR will drag little brother DRM higher ultimately. (Or else arbitrage opportunity for the quick ones) After the merger both shares will be valued at .6772 ratio regardless of their trading price. So I am selling last of my SLR and buying more of DRM. At the moment there is some free money unless SLR price retreats to 62-63. Could also happen.
Holding both SLR & DRM at the same time didn't make much sense to me but would have been extremely profitable.
Can't win it all.
Gold in AUD at all time highs. It wasn't so high even when gold touch 1900 in USD as the Aussie dollar was far too strong or the US dollar was far too weak.
If Aussie Gold price stays at this level then most Aussie Gold miner dogs will make truck load of money.....even the worst of the worst.
Go GOLD....Go SLR......and please take little brother DRM higher.
SLR Price at posting:
67.8¢ Sentiment: None Disclosure: Not Held
