DMM - DMC Mining
- Thread starter Sean K
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A lot of churn around the 50 cent mark a few months back so hopefully that holds.
If she doesnt then you have fairly weak resistance at the 35 cent level before it crash bangs into the lower 30's/high 20's.
DMM needs a hero (and a new PR manager).
If she doesnt then you have fairly weak resistance at the 35 cent level before it crash bangs into the lower 30's/high 20's.
DMM needs a hero (and a new PR manager).
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They're next announcement could read like this:
DMM Announces - NEW PR MANAGER
The SP would double.
Also I'm sure maybe when the board realizes that if they don't get their marketing act in gear and they're the target of a hostile bid - I'm sure they'd get the point.
The market right now is just too insane for me to follow or gauge so I'm just putting all my specs in the bottom draw for now and just sitting back, waiting for normality to return or for all hell to break lose!
And if all hell breaks lose and Australia descends into Post Apocalyptic Mad Max doom - I really don't think I'll be giving a bugger about my paper loss this week.
DMM Announces - NEW PR MANAGER
The SP would double.
Also I'm sure maybe when the board realizes that if they don't get their marketing act in gear and they're the target of a hostile bid - I'm sure they'd get the point.
The market right now is just too insane for me to follow or gauge so I'm just putting all my specs in the bottom draw for now and just sitting back, waiting for normality to return or for all hell to break lose!
And if all hell breaks lose and Australia descends into Post Apocalyptic Mad Max doom - I really don't think I'll be giving a bugger about my paper loss this week.
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Announcement out - can somebody with more financial gray matter than myself explain it?
Please?
Please?
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D Chrome looks like some sort of technicality issue
ie to list the shares and options that were given as payment for the project they are lodging a prospectus
"This Prospectus has been prepared for:
• The purpose of facilitating the secondary trading of the Options recently issued by the Company under the Options Issue;
• The purpose of facilitating the secondary trading of the Shares to be issued pursuant to the Facilitation Agreement;"
I still can't get over how cheap DMM is, even at these levels even the Indian Iron Ore specs NSL and CFR carry larger mkt caps, really makes you go what the?????
ie to list the shares and options that were given as payment for the project they are lodging a prospectus
"This Prospectus has been prepared for:
• The purpose of facilitating the secondary trading of the Options recently issued by the Company under the Options Issue;
• The purpose of facilitating the secondary trading of the Shares to be issued pursuant to the Facilitation Agreement;"
I still can't get over how cheap DMM is, even at these levels even the Indian Iron Ore specs NSL and CFR carry larger mkt caps, really makes you go what the?????
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YT - thanks mate.
I'm completely perplexed myself at the current slump....hopefully they're drilling now and expanding that resource base!
I'm completely perplexed myself at the current slump....hopefully they're drilling now and expanding that resource base!
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Was there any significance to the spike in trading volume just recently?
At first I thought it might have been related to the shares recently released from escrow but there weren't enough traded.
The issue of shares to the consultants had also previously been flagged hadn't they so the latest announcement shouldn't have caused the sp fall.
It's tempting to top up except for the whole "catch a falling knife" & "never average down" thing. Calling DMM "undervalued" just doesn't seem to do it justice. I must be missing something Mr Market wants to rub my nose in.
Cheers,
Kenny
At first I thought it might have been related to the shares recently released from escrow but there weren't enough traded.
The issue of shares to the consultants had also previously been flagged hadn't they so the latest announcement shouldn't have caused the sp fall.
It's tempting to top up except for the whole "catch a falling knife" & "never average down" thing. Calling DMM "undervalued" just doesn't seem to do it justice. I must be missing something Mr Market wants to rub my nose in.
Cheers,
Kenny
Announcement out - can somebody with more financial gray matter than myself explain it?
Please?
I have made a call to MD. He said it is approved in previous general meeting. The
shares is for project vendor not for private investor. i.e. we can ignore it.
I bought another parcel (12k worth) at 61.5c two days ago. In DMM language that translates into a large volume trade. i suspect other Investors have taken this slump as an oppurtunity to average down. I Know I Know before you say it, I should never average down but how can you pass up this oppurtunity? Let us not forget the prospects this company has has...
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continuing on with my Fe valuation's (have looked at NSL SDL and CFE)
I thought I'd re-run the numbers over DMM
JORC 33Mt's@55.5%Fe = 18.3M'ts Haematite @ $5/t = $91.5m
Target further 100Mt's@55.5% Fe = 55.5Mt's @ $2.50/t = $139m
(Note although its a traget, the fact that historical drilling shows its there as well as the fact that most of the drill holes ended in mineralisation makes it very very likely to ore is there thus I am using $2.50/t EV)
Target Magnetite 775Mt's@ 40%Fe = 310Mt's Magnetite @ 25c/t = $77.5m (Note have used the average of 750-800Mts@35%-45%Fe and used 25c as the low case EV/t)
Total value = $308m = $4.40 (70m shares fully diluted)
I still firmly maintain my minimum $1.50 price target to be had and think that DMM is cheap no matter which way you look at it, however the mkt is saying YT is wrong ...... for now
ok off to get drunk enjoy yourselves!
I thought I'd re-run the numbers over DMM
JORC 33Mt's@55.5%Fe = 18.3M'ts Haematite @ $5/t = $91.5m
Target further 100Mt's@55.5% Fe = 55.5Mt's @ $2.50/t = $139m
(Note although its a traget, the fact that historical drilling shows its there as well as the fact that most of the drill holes ended in mineralisation makes it very very likely to ore is there thus I am using $2.50/t EV)
Target Magnetite 775Mt's@ 40%Fe = 310Mt's Magnetite @ 25c/t = $77.5m (Note have used the average of 750-800Mts@35%-45%Fe and used 25c as the low case EV/t)
Total value = $308m = $4.40 (70m shares fully diluted)
I still firmly maintain my minimum $1.50 price target to be had and think that DMM is cheap no matter which way you look at it, however the mkt is saying YT is wrong ...... for now
ok off to get drunk enjoy yourselves!
Im a bit hesitant to re-top off simply because of the lack of traffc on this, such high volatility.
There were times like a month ago where when I bought I was responsible in driving it up 10-15c up...lol... and that was just spending a few k.
So until I see a bit more volume, at least 700k I will still watch closely
There were times like a month ago where when I bought I was responsible in driving it up 10-15c up...lol... and that was just spending a few k.
So until I see a bit more volume, at least 700k I will still watch closely
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Ans - 700k volume? Thats a fortnights trading for DMM!!
You'll be waiting sometime.
It's a spec stock that's tightly held, hence why the sp moves radically on low volumes. More news will come and that will light a fire again and DMM will rocket north - just a matter of when not if really.
Again - DYOR as I'm not smart.
You'll be waiting sometime.
It's a spec stock that's tightly held, hence why the sp moves radically on low volumes. More news will come and that will light a fire again and DMM will rocket north - just a matter of when not if really.
Again - DYOR as I'm not smart.
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continuing on with my Fe valuation's (have looked at NSL SDL and CFE)
I thought I'd re-run the numbers over DMM
JORC 33Mt's@55.5%Fe = 18.3M'ts Haematite @ $5/t = $91.5m
Target further 100Mt's@55.5% Fe = 55.5Mt's @ $2.50/t = $139m
(Note although its a traget, the fact that historical drilling shows its there as well as the fact that most of the drill holes ended in mineralisation makes it very very likely to ore is there thus I am using $2.50/t EV)
Target Magnetite 775Mt's@ 40%Fe = 310Mt's Magnetite @ 25c/t = $77.5m (Note have used the average of 750-800Mts@35%-45%Fe and used 25c as the low case EV/t)
Total value = $308m = $4.40 (70m shares fully diluted)
I still firmly maintain my minimum $1.50 price target to be had and think that DMM is cheap no matter which way you look at it, however the mkt is saying YT is wrong ...... for now
ok off to get drunk enjoy yourselves!
Amazing how SDL captures the mkts attention because it is a traders stock that churns over millions of shares, yet DMM whose the most obvious comparison to SDL fails to impress due to its illiquidity
One day DMM will have its day in the sun, of this I am confident
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At least the sellers are holding firm on 58c min offer. Looks like we'll have to wait for a decent market release on this one.
I say Vote 1 for YT as DMM's marketing manager!!
Hmmm well, what would my payment plan be?
I want more shares but is it better for me to get "employee shares" or would it be better for me to get paid cash, then I can use my salary to buy shares on mkt? lol
Maybe DMM should consider doing a 1 for a 100 split, or better yet 1 - 1000 that way the SP would be 0.005 and draw traders from all corners of the forum world to it,
Seriously, institutions rarely look at companies under 10c, its just this percieved thing that the company is crap if its under 10c, however the closer it gets to $1 the more and more institutions will look at it, which is the exact oppostie to traders and punters, who look for the penny dreadfuls
So what DMM needs to do is get Passport Capital and other institutions serious about geting on board DMM as currently its a steal, but the only way this will happen is if they do some Broker Roadshows/Roadshows/Presentations, PR is what this company is really lacking
I still say though it will be a takeover target if it stays around these levels for too much longer, just my thoughts though
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At least the sellers are holding firm on 58c min offer. Looks like we'll have to wait for a decent market release on this one.
I say Vote 1 for YT as DMM's marketing manager!!
I do support this but probably they would not be paying enough YT to attract to this role. However BFE has advertised for its CEO as well. Why not YT take up this role first then buy off DMM as an acquisition and push the marketing for both DMM and BFE while expanding resources base too .
Only one thing before you (YT) start acquiring just drop us a line in ASF so that we can start buying more and apply for jobs in your company for employees options as part of salary package
I do support this but probably they would not be paying enough YT to attract to this role. However BFE has advertised for its CEO as well. Why not YT take up this role first then buy off DMM as an acquisition and push the marketing for both DMM and BFE while expanding resources base too .
Only one thing before you (YT) start acquiring just drop us a line in ASF so that we can start buying more and apply for jobs in your company for employees options as part of salary package
LOL
On another note:
Didn't Largresse or somebody say that the company was doing a roadshow in a few weeks (about a week ago)? Wouldn't they be a rowdy bunch on these trips
:YT...a stock split might be a good idea...just to fill those price gaps and get the ball moving a bit. It's been painful watching it thrash around like a snake!
What is the next piece of news we are expecting? JORC upgrade?
Anybody with timelines?
xoxo
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Hey guys,
Hmm a joint BFE DMM, lol not as crazy as it sounds,
Both companies are dirt cheap and are two of my prefered Fe exposures, I guess I like the minows with tiny mkt caps because if/when they get re-rated its many multiples ie when YML/BRM got re-rated from 15c -$3, or MAK from 20c to $2+
Maybe SDL should just take over both of these to better justify its large mkt cap?
Oh JTLP I think drilling was due to start soon, also was a mention of a capital raising to institutions or something which was meant to coincide witht he roadshow, so far I've heard nothing
Anyone heard anything?
Hmm a joint BFE DMM, lol not as crazy as it sounds,
Both companies are dirt cheap and are two of my prefered Fe exposures, I guess I like the minows with tiny mkt caps because if/when they get re-rated its many multiples ie when YML/BRM got re-rated from 15c -$3, or MAK from 20c to $2+
Maybe SDL should just take over both of these to better justify its large mkt cap?
Oh JTLP I think drilling was due to start soon, also was a mention of a capital raising to institutions or something which was meant to coincide witht he roadshow, so far I've heard nothing
Anyone heard anything?
