DMM - DMC Mining

[Sean K]

I hope one of you guys picked up my last DMM shares around the 6c mark. Was an absolutely wild ride for me. In at a few cents, up to 1.10ish, sold through the decline. Came out a bit in front, but should have trusted judgement and even bought more at the bottom instead of selling. Lesson learnt, and hopefully emotions don't get me at the 'bottom' again. What an experience the GFC has been.

 

[JTLP]

Whoppaaaa!

6 cents and you didn't sell out past the dollar mark? You must have had high hopes for ye old DMM.

Unfortunately my funds were tied so I didn't get your 6ers...and i didn't buy in again either. Don't be too bummed about this one...they were pretty quiet and didn't have a lot of cash. BRM is the real bummer...you've noted that as well!

I doubt this will get back to a $1 in the bidding war. Predicting things top out around 60 - 70 cents.

 

[shag]

anyone else with guesstimate on the eventual sale price
i need dosh but dont want to throw away a say 30pc increase.

with rudds idiot tax, even watered down and soverign risk he has created permanently, must make african miners more valuable.

 

[JTLP]

anyone else with guesstimate on the eventual sale price
i need dosh but dont want to throw away a say 30pc increase.

with rudds idiot tax, even watered down and soverign risk he has created permanently, must make african miners more valuable.

I find it 'uncanny' (read - suspicious) that since this bidding war broke out the bid always overshoots the t/o offer price to the point at which the next t/o offer is launched at. Therefore on my whimsical theory I think we might see another bid @ .52 - .54 cents from Meijin.

If the great robbery called the RPST somehow manages to pass...then this project will look mighty tasty to CFE as they have stated they are putting on hold/withdrawing from Aus operations. Mining in the Congo looks tempting

Let's hope Meijin have this same thought...chug on DMC!

 

[JTLP]

I find it 'uncanny' (read - suspicious) that since this bidding war broke out the bid always overshoots the t/o offer price to the point at which the next t/o offer is launched at. Therefore on my whimsical theory I think we might see another bid @ .52 - .54 cents from Meijin.

If the great robbery called the RPST somehow manages to pass...then this project will look mighty tasty to CFE as they have stated they are putting on hold/withdrawing from Aus operations. Mining in the Congo looks tempting

Let's hope Meijin have this same thought...chug on DMC!

Couldn't have picked it any better! Meijin have increased their offer to 53 cents per share. DMC board are saying TAKE NO ACTION until further notification. Now let's see if I can throw another prediction into the mix - CFE will either match the offer and go for Aust. Appeal or up the bid to 54 - 56 cents.

With Tony Sage mothballing projects in Australia this project is becoming all the more appetising to him. He needs something for CFE to chew on.

http://asx.com.au/asxpdf/20100521/pdf/31qg94g7qft5r0.pdf