DMM - DMC Mining

[kenny]

Impressive sounding CV's for both. Does anyone have information on the remuneration these two are receiving for their services? Does DMM have to release details of any option/share packages?

I wonder if there might be a future link up with Mr Okemba's Elf/Total group?

Regards,

Kenny

 

[YOUNG_TRADER]

Kenna,

Got to remember mate in Africa they don't play Aussie Rules, so no point having a team that consists of Footy players, else the mining licences will no doubt get revoked,

If your poking around in someones backyard, best be accompanied by the locals I think

Im very impressed with the anns but also intrigued by the OIL expert.
Good luck all

Ineresting, sorta didn't consider the oil boy part till now, makes you wonder if DMM is considering diversifying into Oil?

Impressive sounding CV's for both. Does anyone have information on the remuneration these two are receiving for their services? Does DMM have to release details of any option/share packages?

I wonder if there might be a future link up with Mr Okemba's Elf/Total group?

Regards,

Kenny

Hey Kenny,

A doubt a JV with Elf/Total would be on the cards for the Iron Ore project, but you never know, maybe there's oil in them hills?


oh and yes, any share option packages have to be disclosed to the mkt, I hope it is option packages only, you know the whole aligning shareholders interests with maangements, much better than just paying em cash

 

[Sean K]

Kenna,

Got to remember mate in Africa they don't play Aussie Rules, so no point having a team that consists of Footy players, else the mining licences will no doubt get revoked,

Roger dodger,

codger.

But, I stick by my rant.

It's like tech companies turning to U, turning to IO, turning to RP. No vision.

Having said that, I think IO has a LONG way to go, and DMC are rediculously undervalued...

(holding)

 

[J.B.Nimble]

I liked the announcement - it shows the DMM management crew understand how to operate in this environment. Congo may be stable but it has all the usual corruption problems.

How bad?... I checked the Transparency International Corruption Perceptions Index. For those who aren't familiar with it, it is a fairly scientific (multiple surveys) study ranking countries according to the apparent degree of corruption. On a 0 to 10 scale, you have NZ, Denmark and Finland top of the table with 9.4, Australia in 11th with 8.6, and then it is a long way down to 179th place Somalia and Myanmar on 1.4. I currently work in a 3.5 and it is light years ahead of the 1.9 where I worked previously - you can certainly feel the difference...

Republic of Congo comes in at 2.1 which makes it a very difficult environment for making things happen... Without the right people on board, the project will bog down in red tape and go nowhere.

And that is where our new executives come in. To state the obvious, these two guys will be worth their weight in gold... Mr Okemba who has held two ministries and been special adviser to the President is an outstanding catch. As for Dr Gachet, forget the oil background, he looks like the details man for opening up a large development project. Between them they should be able to clear the obstacles to development and ensure that the "correct" partners/suppliers/contractors are selected No one needs to do anything that would land them in front of a court but the project flows smoothly. Well done DMM...!

Interesting to note the connections to GBE through the David Sumich-Mark Sumich connection. Even sharing some office space it would seem. I'm guessing we can expect some parallels in the approach to developing GBE's Malawi projects (2.7 on the CPI).

http://www.transparency.org/policy_research/surveys_indices/cpi/2007

 

[Pimping]

C'mon DMC what's going on? down 10% today, all be it on low volume, when will mr. Market wake up and smell the roses!!!! Anyway what's next for DMM? are we to look forward an announcement? Heavans No says the blind man!

 

[Sean K]

C'mon DMC what's going on? down 10% today, all be it on low volume, when will mr. Market wake up and smell the roses!!!! Anyway what's next for DMM? are we to look forward an announcement? Heavans No says the blind man!

A couple of things.

No progress.

Market.

Adds up to down.

They need to get moving, or the price will continue to slide.

 

[YOUNG_TRADER]

Chart wise 60c looks like good support

The stock is dirt cheap and for the size/potential Fe it offers it presents a very tasty morsel

My guess is if it stays at this ridiculously cheap $30m mkt cap a predator will come along just like MTN

 

[eclectic_nish]

Hey all

The depth has changed heaps over the last couple of days.
The oppies seller disappeared and the road looks clear back to mid 90s. Im guessing the accumulation and selling has ended. I agree with YT, 60c looks like the support. My charts are saying there's something happening and we are at the pivot point. Hold on guys and dont sell into it.
I see $1.50-$2 within 3 months.

 

[d_crome]

Markets quite frankly are in shock - look west and blame those Hummer driving Yanks because at this stage they're freaking out.

Once July is over and most large US corporations list their half yearlies - this SHOULD bring some stability to the markets as I have a feeling these results will be bad - But not QUITE as bad as the US markets are expecting - hence you'll see a bounce.

This should take 2 to 4 weeks - and hopefully during this time DMM will be able to produce some market announcements - aren't they supposed to be expanding their drill campaign to enlarge their JORC right now? DMM - please, if you're rather challenged PR is listening - LET THE MARKET KNOW!!!

That all said - the SP will continue to take a battering as yanks so accustomed to day trade gambling will regain their backbones and do what they do best - buy things with great enthusiasm.

Hopefully the SP will hold at current levels - for those with the capital this is just too easy - I'll be holding till the SP reaches true value, not bargain basement levels that are represented in today's market.

Good luck to the holders.

And again - just my opinion - I'm far from educated, so please DYOR.

 

[ans25]

Hey all

The depth has changed heaps over the last couple of days.
The oppies seller disappeared and the road looks clear back to mid 90s. Im guessing the accumulation and selling has ended. I agree with YT, 60c looks like the support. My charts are saying there's something happening and we are at the pivot point. Hold on guys and dont sell into it.
I see $1.50-$2 within 3 months.

I disagree because there are no buyers!!! I would be predict to say that this could even hit 50c or so in the next week because volume is low and it is very volatile

 

[eclectic_nish]

best not to look then.

I'll be coming back in a month's time.

Hopefully by then my stocks and oppies will be worth something

 

[blehgg]

What happens if all the buyers disappear?

1 3,000 0.505
1 3,960 0.500
1 50,000 0.400

Theres three left right now.. Have never seen a clean slate on one side ~ Wouldn't you guys be accumulating more if its gone so low??

 

[mike85]

I disagree because there are no buyers!!! I would be predict to say that this could even hit 50c or so in the next week because volume is low and it is very volatile

closed at 50 today!
as blehgg stated, not many buyers around
will have to wait and see what tomorrow brings

 

[Go Nuke]

Yeah well picked ans25.

YT I'm feeling ur pain mate, as u disclosed roughly how many DMC you bought.
If you thought 60c was cheap, how confident are you now that 50c will hold?

No buyers around alright...wheres all the DMC faithful bids lined up at 50c+

Ah at least we can feel secure to also see the big miners getting hit hard too lately.
Its just the sector and yes lol..those yanks freaking out.
I really wish our market wouldn't follow theirs.
There's no reason too!

Good luck guys and hang tight:>

 

[rhyslivs]

Its not nice watching it take this punishing on such little volume.

I would think the company would only need to generate a little bit of interest and it could get it back on the rails. Its seem no one actually knows about this company or surely people would have been picking them up at these heavily battered levels.

Wonder who's selling down here and where do they see the better opportunity! I want the inside scoop!

Rhys

 

[eclectic_nish]

just cant wait for my tax loss money to come in. Hopefully DMM will be around these levels.

Holding and not selling anytime soon.....like i have a choice

Cheers..and good luck all

 

[YOUNG_TRADER]

I'd point to a few things

Total volume for the day was what? 27k? In dollar terms it was like $15k, I hardly see that as a major holder selling

To me the small sells to close it at 50c looks like an effort by someone to make it look weak so that they can accumulate more

I'd buy more but I'm waiting for some sort of sanity to return to the mkts first

I have rung the company repeatedly and stressed to them that they really need to get more broker coverage/support happening

My call is that if DMM stays around these levels long enough a takeover offer will come from a predator

p.s. Wish Talbot would look over here

 

[ans25]

Hmmm Im tempted to jump back in now especially @ 50c.

Wow, I said this will get to 50c in 1 week not in like a few hours

If I buy a few grand worth Im sure this will cause a tidal wave...lol... such is the state of DMM these days

 

[JTLP]

Here is something for all the holders to remember.

Pre Feasibility Study we were sitting around the 90 cent mark.

We now have confirmation that the ore can be mined cheaply, transported (quite cheaply maybe need some expenses to upgrade rail) and we have 2 prominent figures on the board.

And we hit 50 cents.

What's changed? Nothing. Did DMM deserve to get smashed by 25% today? You've got to be joking. Look at other Iron Ore hopefuls that don't even have transport options yet. How are they going? Holding up better then DMM? You better believe it.

I'm not one for ramping but don't be fooled by DMM's volatility...CRAPOLA volume today too.

Eh...one day the market will get it

 

[ans25]

Thanks for helping me out, I dont know which one, Im thinking right now Ill go in for a quick buck in CFR, but I think DMM can virtually rise to 90c again pretty quickly as we all saw before (on literally v little volume).

I would be a bit worried though if DMM crashes to below 45c though.

Ive set that as a target as in to re-top up.