DTM - Dart Mining
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Dart Mining have announced to the ASX this morning "a significant and high grade Molybdemun discovery in NE Victoria". Hopefully the start of good things to come, I have topped up on my holdings this morning.There do not seem to be any/many other followers on the forum, so just a heads up. Cheers. 
doogie_goes_off
disbelieve if you can
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Quick bump for DTM, they are currently drilling a second drill hole into a big molybdenum "halo" that has a strong IP anomaly. Share price has appreciated in anticipation. The first hole was a 'technical success'. Hoping to see some piccies of shiny bits from the second drill hole. The anomalous Moly zone looks big enough for a good sized target. DYOR. No followers for this one for a long time. May just be off everyones radar.
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Under the radar may well be right Doog.
I don't muck around with shares much anymore, but I put a few dollars into this company recently ....
Firstly, I did that on the basis of a 2-3 year plan cause I don't think they will be one of those pump and dump style stocks ... so if punters are looking for a quick kill, I don't think this one will fit the bill ... imo ....
Interesting stats .....
Only about 50 million shares on offer .. very tightly held
Directors hold a substantial amount of shares on issue ... about 30% but don't quote me ...... Rimered Super Fund recently bought about 9% of the Co round November 2009 ( http://www.businessspectator.com.au...uys-59m-Dart-Mining-shares-Y5AKV?OpenDocument)
(http://imagesignal.comsec.com.au/asxdata/20091125/pdf/01015308.pdf )
Lots of other interesting stuff with this Company, but best if punters do their own research ..
Dart 2009 Annual report .. ( http://www.dartmining.com.au/admin/upload/DART_AR_09.pdf )
I have spoken to the management and like their vibe .. Their projects look very promising ...... cash will be required down the track to realise their potential, but with such a tight share register, any further resource upgrades within the current budget, will only amplify their potential of getting some quality "heavyweight" investment.
A punt, but a reasonable punt in the medium to longer term I reckon, especially at the current sp .......
doogie_goes_off
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Announcement with shiny bits right on cue. Looks like Morgan is a promising prospect if not a little deep.
http://www.asx.com.au/asxpdf/20100302/pdf/31p12q0pdvb757.pdf
http://www.asx.com.au/asxpdf/20100302/pdf/31p12q0pdvb757.pdf
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Announcement with shiny bits right on cue. Looks like Morgan is a promising prospect if not a little deep.
http://www.asx.com.au/asxpdf/20100302/pdf/31p12q0pdvb757.pdf
Geez Doogs .... people will think we were insider trading this one ... lol
Up over 20% today ..... seems a few other punters liked the report as well ...
doogie_goes_off
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Sometimes exploration and mining companies do logical things that can be predicted with a degree of accuracy if they give you all the facts. If they don't give you all the facts then it can be hard to sift through the BS and ...:grenade:. So it still doesn't mean this is a sure thing, could well be all we see out of this hole, but the target looked OK to me.
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Up well over 100% so far today on a positive report. Not sure if that kind of daily rise is sustainable in the short term, but it looks like there may be a sizeable resource under the ground where these boys are digging.
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Early days for the Dart boys, but this potential resource is really starting to look interesting ....
Their last two diamond drill holes have "linked" the resource over a wide spacing with excellent grades ..... plus a very valuable Copper credit to the Moly .... Market hasn't got too excited about it yet, but that is the nature of a fledgling spec I guess .... happy to hold for the longer term at the moment.
Their last two diamond drill holes have "linked" the resource over a wide spacing with excellent grades ..... plus a very valuable Copper credit to the Moly .... Market hasn't got too excited about it yet, but that is the nature of a fledgling spec I guess .... happy to hold for the longer term at the moment.
doogie_goes_off
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Quick analysis of last month's announcement:
46m @ 0.09% Mo, 86m @ 0.2% Cu and 140m @ 4.2 ppm Ag
(DUNDD005)
· Linked to 29m @ 0.11% Mo, 0.13% Cu and 11.8 ppm Ag
(DUNDD004) – 40 - 50m west
· Visible Molybdenite mineralisation to current depth of over 500m
(DUNDD005)
· Drilling is now planned toward estimating a maiden Inferred
Resource
Good Results, rest of DUNDD005 still to be reported, big system with bulk tonnage potential.
DYOR
46m @ 0.09% Mo, 86m @ 0.2% Cu and 140m @ 4.2 ppm Ag
(DUNDD005)
· Linked to 29m @ 0.11% Mo, 0.13% Cu and 11.8 ppm Ag
(DUNDD004) – 40 - 50m west
· Visible Molybdenite mineralisation to current depth of over 500m
(DUNDD005)
· Drilling is now planned toward estimating a maiden Inferred
Resource
Good Results, rest of DUNDD005 still to be reported, big system with bulk tonnage potential.
DYOR
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http://www.minyanville.com/business...urce-stocks-uranium-stock/10/29/2010/id/30856
Snippet from the above article dated written 29th October 2010 on the supply of molybdenum
China has imposed mining quotas in the past and is expected to curb exports again in 2011. Even though it produces 50% of the world’s steel, China only consumes 30% of the global supply.
If it consumes more molybdenum similar to other producers it will demand a much higher amount of imports. It has a need for high-strength steel, which requires molybdenum. China’s recent stimulus, which focussed on infrastructure, requires a large supply of molybdenum as it's needed for bridges, power plants, and pipelines.
DTM are certainly not in the mining category, but if they get a bit of a wriggle on and prove up what looks like a potentially large resource at their Unicorn project, they might end up being in the right place at the right time down the track.
The Company needs a couple of serious investors to inject some cash to get the project moving though.
Snippet from the above article dated written 29th October 2010 on the supply of molybdenum
China has imposed mining quotas in the past and is expected to curb exports again in 2011. Even though it produces 50% of the world’s steel, China only consumes 30% of the global supply.
If it consumes more molybdenum similar to other producers it will demand a much higher amount of imports. It has a need for high-strength steel, which requires molybdenum. China’s recent stimulus, which focussed on infrastructure, requires a large supply of molybdenum as it's needed for bridges, power plants, and pipelines.
DTM are certainly not in the mining category, but if they get a bit of a wriggle on and prove up what looks like a potentially large resource at their Unicorn project, they might end up being in the right place at the right time down the track.
The Company needs a couple of serious investors to inject some cash to get the project moving though.
doogie_goes_off
disbelieve if you can
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Got out too soon but made money selling at 8.8c, what a miss though... 17.5c Oh well, who said the market is rational?
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The DTM chart is amazing - what an upside. It just keeps going up! I wish I had real capital in it other than a paper trade!
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DTM is crazy, but check out DTMO
Saw this thing take off and had a "speculative" buy at 0.098. So far it's gone pretty well....
Saw this thing take off and had a "speculative" buy at 0.098. So far it's gone pretty well....
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...and out at 0.160, a lot of publicity the last week or so, but I think this may be under 10c very shortly...
doogie_goes_off
disbelieve if you can
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Hi Reaperman, Any reason why you think that the price may go under 0.10 ??
There seems to be a decent shoulder and a base a 12c and with bigger intraday highs I would have thought this may be the support level.
There seems to be a decent shoulder and a base a 12c and with bigger intraday highs I would have thought this may be the support level.
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Hi Doggie,
Apologies for not qualifying my post. At the time of posting I believed DTM to not reach highs of 16-18c for a while and to most likely fall to around the 12-13c level and then possibly lower and under 10c depending on economic news and company publicity. DTM for me is still high risk which had a very big week of news and media publicity around the 12th-15th of Sept, if you take a look at the 3year or 5year chart you can see a bit of pattern emerge with quite large spikes on news/publicity then moving to lower average prices (just take a look at the high on the 12th may last year).
My selling basically boils down to risk management. I already hold a high risk stock that has taken quite a big hit on minimal negative news (Lynas) that shows how much these stocks can move (and blast through support levels), even an ASX100 company. For DTM I still believe they have the ability to move higher depending upon market conditions and company news which is why I still hold a very small parcel of DTMO.
Apologies for not qualifying my post. At the time of posting I believed DTM to not reach highs of 16-18c for a while and to most likely fall to around the 12-13c level and then possibly lower and under 10c depending on economic news and company publicity. DTM for me is still high risk which had a very big week of news and media publicity around the 12th-15th of Sept, if you take a look at the 3year or 5year chart you can see a bit of pattern emerge with quite large spikes on news/publicity then moving to lower average prices (just take a look at the high on the 12th may last year).
My selling basically boils down to risk management. I already hold a high risk stock that has taken quite a big hit on minimal negative news (Lynas) that shows how much these stocks can move (and blast through support levels), even an ASX100 company. For DTM I still believe they have the ability to move higher depending upon market conditions and company news which is why I still hold a very small parcel of DTMO.
doogie_goes_off
disbelieve if you can
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Hey Reaper,
Good post and good strategy. LYC is fundamentally good, DTM maybe less so but time will tell.
Thanks for the reply
Good post and good strategy. LYC is fundamentally good, DTM maybe less so but time will tell.
Thanks for the reply
