Harmony - long

[#1]

Anyone long on this share ?

[WR]

i bought at R100 long time ago and still holding D

[Q2W]

Ouch...

[faure]

I think it might be a bit oversold in the short term but this share is pretty screwed fundamentally.

[#5]

I'm out - I think it's still on it's way down - but anything that falls that hard must bounce, which means there may be a quick buck to be made on the long side if you can time it right. OMO

[dilligaff]

From CSSS Mining Analyst's view this week:-
As a result of the fall in Harmony's share price Harmony's P/NPV per share dropped from a two year average of 1.34x to 0.96x (based on the current spot price of R75/share). We believe that Harmony is now offering value under these circumstances. We continue to believe the gold price will continue its upward trend over the next 12 months: and therefore, our recommendation remains an outperform. We have reduced our one-year target price to R123/share from R158/share on the back of the poor results.

[Preston]

Question .Does Harmony owns South Deep Mines?

[SimonPB]

no, doesn't GFI own them?

[org]

Just before its fall, the share price was making a series of lower tops, showing the insiders were bailing out and selling before...