The way I see it is DRD has just got a whole bunch of VIL shares in the most recent company purchase. I believe this was done on a share issue basis at ~R1.75 if I am not mistaken. I wonder if they have started a quiet bit of profit taking? They were well in the money when the deal went through, not sure on the specifics of when they own the shares and can start selling them though. One other thing to consider is that with gold being out of favour a whole bunch of trailing stop losses may have triggered. People may have tightened the trailing % after the stellar share price increases recently. I suspect itÂ’s a combination of these two things. I am particularly buoyed by the fact that Marius and Bernard have recently been buyers of the shares at the mid 1.90 level. Not massive cash amounts mind you (less than R1 000 000 in total) but still a good sign on where they see the long term share price heading. IÂ’m seriously considering buying some more at these levels.
