DMM - DMC Mining

[YOUNG_TRADER]

Re: NO NEED TO UPGRADE THE RAILWAY!BEING DONE.

My biggest worry with this has been the railway & lately ive done some number crunching on ago going by road,but i thought i will keep mucking around to see what i can sniff out...found this african mining website but its locked...but got this info.however ill let you guys that hold dmc to go look at this..tb

google this:koreans to build congo railway

looks like dmc will have a new railway go past their site,just gotta get a mou with the korean loggers...reckon that would be easy..

what do you think yt?

http://www.cmkcgroup.com/eng/sub02/sub_0201.php

Hey mate,

I'd suspect the Koreans would want something out of it for a shared railway use, offtakes perhaps? which really is a bonus for DMM

Like I said re Rail and Cap Ex, its best to just wait for the scoping study which is due any day now

Interesting as at close
DMM's Mkt Cap = $60m
SDL's Mkt Cap = $940m

We're really lagging Talbot and crew 1/15th - 1/16th now

 

[Wysiwyg]

Good find that website.They say railway line construction won`t begin for 2 years after the 10/2007 so 2009 some time and will take 15 years.The initial use to start in 4 years.







.

 

[d_crome]

Re: NO NEED TO UPGRADE THE RAILWAY!BEING DONE.

Hey mate,

I'd suspect the Koreans would want something out of it for a shared railway use, offtakes perhaps? which really is a bonus for DMM

Like I said re Rail and Cap Ex, its best to just wait for the scoping study which is due any day now

Interesting as at close
DMM's Mkt Cap = $60m
SDL's Mkt Cap = $940m

We're really lagging Talbot and crew 1/15th - 1/16th now

YT - mate, given SDL's run and now what looks to be improved infrastructure, do you believe your estimated SP for DMM of 1.50 - 2.00 SP is undervalued now?

I'm really liking the resilience the DMM SP is showing - buyer demand is there and now some larger bodies taking holdings, looks like DMM is preparing for launch.

 

[Who Dares Wins]

Yes, very interesting to read the Korean companies website. They are also building a new port near Point Noire.

This project will be carried out under the principle of separating investment, construction, and management. The new port will be located 40km away from Pointe Noire, which is designated as the Free Trade area, also meaning it is a tax free zone. The goal of building a new port at Madingo Kayes is to overcome the limited capacity for freight passing through port Pointe Noire.

The construction of the new railway must first undergo a 2 year feasibility study though.

And then on another site it say that American companies will be renovating the existing railway:

BRAZZAVILLE - U.S. firms hope to renovate a railway linking Congo's capital Brazzaville to the Atlantic, the U.S. envoy said on Friday, days after Korean firms agreed to run a new line to the oil-producing state's interior.

Brazzaville depends heavily on its rail line to the Atlantic oil port of Pointe-Noire, but the 515 km (322-mile) Congo Ocean Railway, known by its French acronym CFCO, has had little serious maintenance since it entered service in 1934.

 

[Atma]

notice the open at depth comment young trader. looks to have certain depth potential. immediate strike potential isn't there though, thats a concern. other targets look like magnetite. I haven't bought in, as i am a bit concerned re: 80% share in project and resource quality risk. MY dad is a chemist he said the high silica is a concern. To bring down those things always comes at a cost, or a loss of ore quantity?

 

[Largesse]

just a source of Who Dare Wins post

http://www.rmtbristol.org.uk/2007/04/us_firms_look_to_fix_key_congo.html

i only now have one concern for DMM and that is the value of its low quality ore, quantity isnt an issue for me.

 

[TERRAIN]

can someone enlighten me to the new increase in substantial shareholders holdings .. issued yesterday...at nil consideration. Company giving a way free shares ... maybe for consulting work?

I continue to hold at 75c.

 

[quarky]

many of the resources stocks took a hit today.
so, i doubt it had anything to do with the imminent release of the scoping study.

DMM is at 0.965 after a steady decline over the last few days.

interesting to see how much this flatlines or drops a little before (hopefully) breaking out.

 

[kenny]

Hello Terrain,

The issue of shares to both Tanaka and PMI were revealed in the Notice of Meeting 9/4/2008 and was held 15/5/2008.

Here is a relevant bit but please DYOR.

Cheers,

Kenny

1.1 Transaction Agreements
(a) Shareholders Agreement
On 7 December 2007 the Company entered into a Shareholders
Agreement in respect of a company to be incorporated in the Republic of
Congo (“Congolese Company”) which will legally and beneficially hold the
Mayoko Iron Ore licence.
4
NW46380
Following incorporation of the Congolese Company the issued capital of
the Congolese Company shall be as follows:
Percentage Held by
Each Member
DMC 80%
Tanaka and/or nominee 3%
PMI and/or nominee 7%
Mounda Mongha Makosso and/or nominee 10%
Mounda Mongha Makosso is a Congolese national.
DMC shall remain as the majority on the board of directors of the
Congolese Company.
(b) Facilitation Agreement
The Company also entered into a Facilitation Agreement with Tanaka and
PMI for services in connection with assistance and facilitation of the
acquisition of the Mayoko Iron Ore Project. Pursuant to the Facilitation
Agreement the Company agreed to issue to Tanaka and PMI Shares in
consideration for their services in connection with the acquisition of the
Mayoko Iron Ore licence. The issue of the Shares to Tanaka and PMI
pursuant to the Facilitation Agreement is conditional upon Shareholders
approving their issue in a general meeting. Accordingly Resolutions 1, 2
and 3 serve to obtain such approval.
1.2 Pro Forma Capital Structure
Upon the passing of the Resolutions contained in this Explanatory Statement the
Companies capital structure will be as follows:
Shares
Currently issued shares* 26,650,833
Resolution 1 3,333,333
Resolution 2 4,250,000
Resolution 3 4,250,000
Resolution 4 1,500,000
Resolution 9 20,000,000
Total 59,984,166
Options
Currently issued options 13,224,167
Resolution 5 1,000,000
Resolution 6 1,000,000
Resolution 7 1,000,000
Resolution 8 11,000,000
Total 27,224,167
*for the purposes of this table the currently issued capital does not include the
Shares issued pursuant to the Placement.
5
NW46380
2 Resolution 1 – Issue of Shares in Connection with the Acquisition of the
Mayoko Iron Ore Project
Pursuant to the Facilitation Agreement, subject to approval by Existing
Shareholders, the Company agreed to issue 1,000,000 Shares to Tanaka and
2,333,333 Shares to PMI in part consideration for their services in connection
with the acquisition of the Mayoko Iron Ore Project.
Tanaka and PMI (together “the Consultants”) agree that they will not sell or deal
with the Shares the subject of Resolution 1 for the period of one year from the
date of issue of the Shares, except by an off market transfer upon receipt of
written consent of the board of directors of DMC.
Resolution 1 is an ordinary resolution and is subject to and conditional upon the
passing of Resolutions 2 and 3.. The issue of the Shares under Resolution 1 is
to be approved by Existing Shareholders under the requirement of Listing Rule
7.1. The provisions of Listing Rule 7.1 are summarised in section 11.2 of this
Explanatory Statement.

 

[coladuna]

what a hammering DMM has taken today.
Just my luck. Right after I have taken a position, it gets smashed.
Is this just a case of investors overreacting to US lead?

 

[alankew]

Has been speculated on HC that it could be T3 sells which seems quite probable and as the report is apparently overdue its a case of pay up or sell.Also speculation that report could be out late JuneI will have no fingernails by then

 

[Go Nuke]

Has been speculated on HC that it could be T3 sells which seems quite probable and as the report is apparently overdue its a case of pay up or sell.Also speculation that report could be out late JuneI will have no fingernails by then

Um, im sorry but I dont understand any of that comment. Could you please explain?

T3?

Either way yeah it got hammered in a bad way today.
On the up side, this might be the start of the "handle"

 

[j4mesa]

just called the company and they mentioned that it is going to be released in the next 2 weeks as there is a delay

 

[adobee]

Took a beating but on the up side it was only $300k worth of shares trades and still up 20% from a few weeks ago.. I am not to worried about this.. perhaps one person decided to sell out and then a few stop losses got triggered.. oh and % of this $300k was XT too

 

[juw177]

Um, im sorry but I dont understand any of that comment. Could you please explain?

T3?

It is HC lingo for explaining a stock that has taken a beating. Just substitute for another meaningless ramp such as
-"day traders are exiting"
-"this is just irrational panic selling"
-"I topped up".

 

[alankew]

Go Nuke T3 is when a person buys one day with the expectation that some impending news(maybe not in this case though!)and hopes to sell before they actually have to pay for the shares so hopefully they just collect the profit.If the announcement doesnt eventuate they either pay up(if they have the money)or take the loss which might be what has happenend here.Not knocking anyone here but if you look on other boards there is a full blown cheerleader squad for this stock

 

[Who Dares Wins]

=Go Nuke

Either way yeah it got hammered in a bad way today.
On the up side, this might be the start of the "handle"

Hell man, down at 87.5 cents last time I looked with 10 minutes to go - I hope this is the far end of the handle!

But its just ridiculous really, I mean what happened to precipitate this? This stock is down the most today by far out of my entire watchlist for no apparent reason. As others stated already I think its just a combination of irrational panic and stop losses.

As for the announcement, well they seem to be late more often than not these days no matter what company. It doesnt worry me too much having to wait a little longer.

Wish I had some cash.

 

[ans25]

Yeah me too I wish i bought in the afternoon, I bought at around 95c... eeesh...oh well i continue to hold big numbers and yeah it looks like the handle is taking shape!

Interesting to see how much this goes to come around announcement time.

 

[TRUST_ME]

look can everyone just chill out.

a lot of stocks got hammered today, DMM is just one of them, it can't keep going up every bloody day.

the question you need to be asking is whether you still like the company story and believe in the stock?

I think this represents a great opportunity to buy some more stock, the lower it gets the better it becomes especially when the scoping report comes ou, the stock will rall again.

have some faith people or cut your holding and let me take the money.

 

[YOUNG_TRADER]

On the up side, this might be the start of the "handle"

Mate would really aprreciate if you could keep us all informed about this developing up formation etc etc

A couple of chart/tech questions
Whats the target?
How should it play out? ie how should the handle form etc

Are these very high probability formations?

Thanks