My personal portfolio: DRD Gold sold and Denison Mines purchased in my long-term investment account
Comment of the Day

July 27 2010

Commentary by David Fuller

My personal portfolio: DRD Gold sold and Denison Mines purchased in my long-term investment account

David Fuller's view I have long had a love/hate relationship with gold mines and DRD (weekly & daily) has been among the latter for longer than I recall or provide records. It has lain in the footlocker of my portfolio because I lacked the sense to sell it when the share was briefly in form. At least I did not average down. DRD has been recapitalised several times, amidst minor hype but if it could not maintain rallies during the last decade, then I am doubtful it ever will. I sold DRD today at R2.9847. The modest proceeds were invested in another speculation - Denison Mines (DML CN) (weekly & daily), the uranium share which has been mentioned in Comment of the Day twice previously this month, initially by a subscriber. I bought Denison today at C$1.46

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