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DMM - DMC Mining

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Hey all.

The cup and handles in my opinion is looking really good.
I say this becasue of the impending scoping study thats coming, which will help with the pattern.

From what ive found, a price target for a C&H is the distance from the top of the right peak to the bottom of the cup.

In DMM case using a conservative base of the cup (its kind of hard to tell with the thin trading) I have said 45c as a bottom and $1.105 as the last high. This would give us an approximate target of $1.76

After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more.

Again in DMM's case this target would be 73.5c

Idealy the handle should only last about 1 - 4 weeks (This fits in nicely with the scoping study )
And lastly, there should be an increase in volume on the breakout about $1.105 in this case

Buyer coming back already by the looks.
Great considering the day
 

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Lets hope we have seen the low of 85c of yesterday, a good day today considering everything else was in the red.

A high of 91 and Im happy with that... I will be very happy if DMM closes for the weekend on 95c and then looking forward to next week we can reach the high of 110s that we saw before (and upwards!)

I think though we all need to relax a bit and take day by day and not jump to hasty predictions, lets first see the 110 mark being reached again and then Ill be really excited!

Good Luck to All.... Happy times ahead
 
Hey Ans, I want to share your optimism and having read this thread and based on its recent price activity I've just made a second purchase. I originally bought in at 0.74c on 12/5 and bought 12000 this morning at .086c.

I'm happy to see it close at 091c but there was only one purchase at that price and only for $1400 with the average buy at 86-87c so there wasn't really much support for it other than to say it didn't go backwards which is a good sign.

Can't wait for the next ann!! Regards CB
 
Gents,

Emailed DMC Investor services to ascertain what was going on with the Scoping report.
Wasn't happy with the response. So i emailed GRD aswell.

Got this back last night:

 
Nice work Largesse

Hopefully the US can bounce tonight, else if the good news comes out tomorrow it will fall on deaf ears as there will be a blood bath on the general mkts

Will be interesting to see what happens, what bad luck timing for us DMM'ers though Damn you Mr Market!
 
I fully agree with you YT, me hopes ann doesnt come out tomm, from the looks of things this baby is perhaps not going to get to that 1.50 mark for a while at least
 
All are in good hope that DJ will be high tonight

With oil price further surged by $11 to day, increased unemployment rate published in US, it is probably more than likely the DJ will lower down (I do not wish personally but the numbers probably already there on the wall) means our ASX will start with a high bear trend tomorrow morning

Let us hope what I said above be proved as wrong

Cheers
 
Well I liked todays ann,

It shows DMM are serious about Mayoko and aren't going to waste their time or more importantly limited funding on other non core projects


DMM like some others are doing well considering
 
as indicated in my screen dump, only a short matter of time till we have our scoping study.
then we decide whether this is a hold or a scalp
 
Well the DJ didn't bounce last night, but so far thats good news for us holders.

I reckon it should be in for a possible 100+ point day this week sometime, as i reckon it must have left some stocks looking pretty cheap now.

Fingers crossed that DMC make their ann on a 100+ day
 
Can anyone shed some light as to the identity of Allegra Minerals, especially since DMM will be a pre-IPO holder now?

Cheers,

Kenny

A quick ASIC search shows this:
 
i have contacted DMC Investor services re: finding out some more about this Allegra mob.
Will post up response when recieved.
 
Looks like more impatient holders are putting pressure on the DMM share price,


These guys need to hurry up and get that scoping study out,

The mkt really needs to see the Cap Ex figures and Op Ex figures

waiting waiting
 
Agreed YT,

But don't forget, the longer term goal is to have the money from those impatient traders in my pocket and not theirs!! Slow and steady can win the race....

I also agree with other posters earlier, it would be lovely if the scoping study came out on a strong green ink day....

Interesting too that DMM has held its ground in the last week or so when other iron ore companies have retreated somewhat - esp GBG and SDL (although SDL appears to be recovering a little in the last 2 days).
 
Today was a pretty stagnant day, I really thought we may get in the 90s but there are a some impatience out there which is sort of restricting from going up too much, interesting to see where this thing is at in abt 2 weeks from now
 
I phoned the company today and was told that the report will be out be the end of the week. The impression given was that they have received it from the consultants and are purely formating it, reading over it and converting it to their own letterhead.
 


If I can suggest that the time taken in formatting will be the time for enthusiastics from the company to play ball in the share market too,

Where leaks come out from Premier office in WA so how could we say an open environment photocopier and support staff will not read the content and act on them. They need not to be directors and so no offence can be taken.
It is the most real part of the world

Notwithstanding so long they keep buying DMM and make others happy with a bloody good scoping study report in the market makes real sense

good luck to you all and reading so many good postings from experts it is time for me to put some cents to buy DMM tomorrow
:sheep:
 

So we are expecting today or tomorrow.. hopefully the market turns around abit tomorrow if they release it then.. is anyone actually expecting the stock to run when this comes out or just for some brokers etc to actually start taking notice once they have read through.. ie some affect three to four weeks on... ?
 
this is getting out of hand, market is going crazy...

check out bnb, i would be a sad person to own those shares.


quite honestly i can't see the scoping study having the full effect i would have expected 2 weeks ago. due to market conditions i think the study (due tomorrow ) will help maintain support for DMM but i can't see it immediately creating a run, unless it looks unbelievable in which case i still doubt it will rally hard.



just my 2 cents....
 
heard the scoping report has been delayed yet again, and looks like it will take another 2 weeks. Still hearing all is positive but I think we will see more weakness in share price as a result.

just another buying opportunity.
 
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