DIO - Dioro Exploration

[lcl999]

Dioro has been falling steadily since late May. Down from a recent peak of over 1.35 to under 0.95. Anyone any idea why?

Or is it just lack of interest. Volume is right down too.

 

[SM Junkie]

Everything with Dioro is still very strong. They are financially sound and are just getting on with business. I think they have not recovered from the last market downturn and given that gold prices are still well off their previous high there is not a lot of interest at the moment. Still solid but a long term hold.

 

[eddyeagle]

DIO looked like it was making a recovery in Mid May - up around the $1.30 mark... Back down to 82 cents today - this stock really does frustrate me!

 

[lcl999]

There has been no news since the first gold pour a couple of weeks ago. Nevertheless the price has been diving. Why?

 

[ans25]

I would say maybe because of the dropping price of Gold?!

Maybe a good time to top up perhaps as Gold will surely relive those high's we got a few months ago

 

[metric]

announcement out. has to do with the cleanup after a wall collapse. they say they are still on the way to making 90 million next year....

still trading very cheap. on other forums this ann hasnt even been ann'd...

 

[J.B.Nimble]

announcement out. has to do with the cleanup after a wall collapse. they say they are still on the way to making 90 million next year....

still trading very cheap. on other forums this ann hasnt even been ann'd...

Yes, the news that they had still managed 7,478 oz for the months in spite of the wall collapse was pretty reassuring. Going to be interesting to see their cash cost per ounce.

 

[Goldmann]

i must say up front "VERY LOW VOLUME"...

but DIO spiked nearly 70% today, %50 of which was after the bell?

anyone know something i dont???

insider trading perhaps??? a takeover?

 

[SM Junkie]

I've never seen such a huge rise in price in one day. Hopefully tomorrow will shed light on what this was about.

 

[J.B.Nimble]

I've never seen such a huge rise in price in one day. Hopefully tomorrow will shed light on what this was about.

Well they have talked about being cash flow positive early next year, and now with the big drop in the AUD translating to a big leap in the AUD gold price, that day may have come early... Don't forget that Frogs Legs was to have delivered 86.6 mill AUD nett cashflow based on 900AUD/oz gold, and what are we now...? This one has been forgotten for so long.

 

[Goldmann]

Well they have talked about being cash flow positive early next year, and now with the big drop in the AUD translating to a big leap in the AUD gold price, that day may have come early... Don't forget that Frogs Legs was to have delivered 86.6 mill AUD nett cashflow based on 900AUD/oz gold, and what are we now...? This one has been forgotten for so long.

ahhh no new news... no light shed... i merely think some idjit hit .50 instead of .40 with their late trade...

oh well, i will continue to hold in memory of the glory days of $2... will talk you again in probably 3 months next time something interesting happens with this stock!

 

[dmagnus]

hmm the wall failed again... that can only be bad news for repaying their debts.... I doubt their budget to repay the debt in July 09 would have reflected this... wonder how the JV is really going?

 

[Goldmann]

yep - i got out of this one at the first sign of the 'geotechnical' event when it was .34.

glad to be rid of it

 

[Squawkbox]

DIORO EXPLORATION

I wonder whether somebody can suggest any reasons for the large price increase in DIO recently? It has been a laggard for a long time.

 

[SM Junkie]

Just listening to the business news, apparently some of the largest gold miners are looking for opporunities, might have something to do with their performance today. Can't say there was anything in their quarterly report (although positive) that would lead to such an increase.

 

[J.B.Nimble]

Just listening to the business news, apparently some of the largest gold miners are looking for opporunities, might have something to do with their performance today. Can't say there was anything in their quarterly report (although positive) that would lead to such an increase.

Did we read the same report?

92 mill shares at 0.345 last sale when the report came out stacks up as 31.7mill mc
Production has finally turned cashflow positive (in spite of the geotechnical events at the HBJ pit etc).
Revenue = $A 24.7 mill revenue.
Cash costs = $A 14.9 mill (790/oz x 18,896oz) Frogs legs @ 495/oz and improving...
Even with 3.1 mill thrown at capex and fixing pit walls, it would seem to be a fairly healthy cash flow relative to mc...

The wonder of it all is that even though we knew this day was coming, the market had been totally fixated on collapsing pit walls and lost sight of the fact that the Frog's Legs ramp up would eventually start earning a profit. Some very good upside from here imo.

 

[Sean K]

AVO takeover offer valuing DIO at 53c.

Good if you bought recently, for long termers, not so great perhaps.

I thought there would have been more bottom picking by those in a strong position recently...

 

[shag]

geez its a damn good result for fat profits, they had it as a buy at 55c over a yr ago. so only a ten odd pc loss over this period.
looks very very good compared to the rest of their portfolio......
like u could have put the dosh into yr matress and the cockroaches ate it, or buried it in the garden and it rotted.
and this sort of result when gold is so low at 1500 odd bucks....

 

[Sean K]

I'm not sure how good the deal is for DIO. It values their M&I resources at just $25 an ounce, which is at explorer levels really.

Even though they're small you'd expect over $50 an ounce perhaps.

Maybe I'm missing something. Maybe the ounces aren't that good....

 

[J.B.Nimble]

I'm not sure how good the deal is for DIO. It values their M&I resources at just $25 an ounce, which is at explorer levels really.

Even though they're small you'd expect over $50 an ounce perhaps.

Maybe I'm missing something. Maybe the ounces aren't that good....

Not that good a deal really. It seems opportunistic as there has been a lot of frustration with this stock. The sp was on a sad trajectory even before the gfc. I'm not sure I understand why the market didn't love these guys just a little more. It just kept heading south throughout the ramp up and finally when they turn cashflow positive in comes a low ball offer. I think your $50/ounce would be fairer but I've taken my $ today and will happily play elsewhere