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DMM - DMC Mining

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TRUST_ME said:
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.
Click to expand...

where'd you hear this from champ?
DRC are indicating to me that its a done deal already.
what is your source?
 

assuming this is correct i can't see why there would be another 2 week delay on the scoping study. Unless the company is holding it back and waiting for a more "appropriate" time to release....
 
This market is an unforgiving beast - especially on the spec end of town where DMM currently dwells.

Investors in the spec market not only want but EXPECT a 100% return on a days investment - none have any idea of what it means to be "patient".

Must be signs of the ADD generation.

Anyway - this "formatting" excuse I've heard before - namely with MXR and their Sellheim announcement - which was gold - as in it was that bad it was funny.

If DMM don't pull their finger out this SP is headed south, not because the fundamentals are bad, but because the SP rose from buyers expecting immediate results.

For those on this thread not on Riddlin these times present some good buying opportunities.



Again - DYOR - I'm no financial guru...I'm the G.W Bush of financial stupidity!
 
Hindsight is great isnt it?

Looking back now its safe to say that scoping study should have been released abt 2 weeks ago when share price had the momentum. 'Who knows what the real reason is for delaying it, I doubt very much it would be just mere grammar errors/editing etc

It's an impatient world, and I have been watching the price very closely for the last week or so (6 consecutive days we've had a -ve), it seems to me it holds pretty steady for the majority of the day and then very late in the afternoon we achieve the low, its very frustrating.

However saying all this Im more than ever willing to be patient and will continue to hold this.

Who hear thinks this baby will get out the doldrums and get past that 80c-90c mark in the next 1 month?

The graph is really taking form of that coffee mug, minus the sky rocket, but hopefully we will see that soon in the future (past $1.30(?))

Keep it real, keep the patience up fellow DMM'ers

Have a nice weekend
 
Ans,

As I've told a few who have pm'd me,

The fundamentals for DMM have not changed,

Fact: we are in the largest Iron Ore boom ever from what I read

Fact: DMM has a very large DSO and Mag project in Africa with readily available (although perhaps requring some upgrades) infrastructure

Fact: DMM trades on a mkt cap equivalent to 1/16ht that of SDL even when there projects are comparable some what in terms of size and location (note arguably SDL's is superios, but 16x superios I highly doubt, perhaps 2x as good)


I will hold until this stock reaches what I believe to be its fair value
 
Right with you YT mate.

Anybody who is in regular contact with management have any updates in regards to the study release date?

Per news on another forum, there looks to be a DMM roadshow with the insto's in progress, so hopefully this means management is alerting the larger investors for what we could be in store for...

Holding in anticipation!

AGAIN - DYOR - just my opinions not facts...
 
I spoke to their investor relations manager the other day. He said report will be released in the next few weeks. He assured me the delay was from the lab people (GRD???). He couldn't say any more than that. I'll be holding until SS is released.
 
tick tock tick tock,

The liquidity/volume has really dried up = volatility, we're seeing 10%+ swings on little volume

I wonder what else the company is up to, they disposed of their Aussie assets to focus on African Iron ore,

I'd expcet a roadshow, broker/insto type on the back of the scoping study
 
I've heard the company was roadshowing in melbourne last week and are doing the same again this week!

YT you have excellent instincts mate...or you already new this ?

I've run out of money otherwise I'd be buying another $100k in right now. IMO the stock will be double current price by xmas due to SS and increased JORG resource announcements over next 6mths. no brainer.
 

Hey "Trustme" I was guessing as the JORC and the Scoping Study are significant milestones and when I've spoken to the company I have siad that they really need to get broker support and more presentations going because the main thing against DMM is the fact the mkt doesn't know

So a couple of questions, how exactly did you know they were roadshowing? and to who? funds, insto's or brokers?

p.s. up 15% weeeeeee lol :
 
YT the roadshow has been discussed elsewhere-if I say the name i will get my hand slapped."Rumour" was that it was being shown to some long term investors this last couple of days then later this week/next week(seems to be a recurring theme with DMM)roadshow proper starts.Before i get shouted down it is a rumour posted elsewhere(think the poster is Franco),just answering YTs question
 
Other than the fact the volume was low today, it was a pretty bullish sign I thought.

A "Bullish Belt Hold Line in fact which also engulfed the previous 3 days trading!

A belt hold line isn't THAT a strong indicator, but I figured combined with the engulfing pattern it might be more so

Next day or 2 may help with a direction, though as you said YT it isn't taking much to make the sp swing up and down much.

Goodluck all.

ps..the Cup and handle is still in play at least
 

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Well you guys can thank yours truly for making that share price rise from 83c to 87.5c in the afternoon, I felt that I wanted to top up more after selling out other specs im involved in.

Im in for the long run (unless of course the scoping study is a bomb!)
 

LOL.

So was it also you who put through that [/B]HUGE[/B] crosstrade of 1 share through too today??

Gee should see the sp start to pick up with that ann due any day now
 
Well the wait is almost over!! DMM has gone into a trading halt this evening - strange time to announce it but anyway. In their request for a trading halt they mention that it is pending the release of the scoping study. DMM will remain in pre-open until the announcement is released or the commencement of trading on Wed 25 June.
I've been in and out of DMM and did quite well but am currently on the sidelines watching. Was hoping it might dip back into the mid 70's again but now we may never see the mid 70's again if the scoping study is positive.
Doesn't seem as though their has been any leaks as there was no big moves in SP leading up to the trading halt today and also only 13 buyers for just over 80,000 shares on the BUY side and 29 sellers for over 285,000 shares on the SELL side.
Hopefully the news is good ...... Good luck to all holders!
 
Hey Paul,

Funny that I was just about to comment that the only ann's we see these days from DMM are option conversions

Well looks like the scoping study is here,

Bring on a low cap ex operation with high margins and short lead time to production, c'mon baby don't let me down "Papa needs a new pair of shoes" :
 
Gents,

i'm not suggesting the dreaded R word here but i think we should all be doing our best to 'get the word out' regarding DMC should the study come back positive.

Informed, unexaggerated info needs to be spread to the masses by the masses as the company seems reluctant to do so.

Target price for me is 2.00+ within the month. on the options.

regards

L
 
Lets hold our breath - I suppose the fact they haven't released the report on a friday after closing time is positive..
 
Not sure about the timing of this release,hope it comes back on Wednesday not before after the latest rout on the Dow
 
Whoa $2 by the end of this month?

That is high hopes, LoL

I was thinking short term around $1.2 mark and long term perhaps $2-2.5, but thats too far off, I would rather see the scoping report first up.

I dont think it makes too much of a diff when its released, I feel that DMM has not advertised to the fullest but lets all wait and see.

Exciting time ahead.
 
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