DMM - DMC Mining

[alankew]

JTLP i have been told twice now that there is a roadsow planed "next week" but doesnt look like next week has come yet.Anyone have any fwwdback to back this up from brokers etc

 

[ans25]

Alan,

Ive been hearing the word roadshow more time than "this can head towards $1.50".... but sadly where and more importantly what is this roadshow that the PR people of DMM consider?

I'm sort of with YT with DMM, that if its still around 60-70c mark in 2-3 months time then this may be up for a takeover.

 

[Duckman#72]

Anyone a subscriber to "Africa Intelligence"?

I see they have an article released 13 hours ago online under the heading "DMC to Renovate Mbinda-Dolisie Rail Line".

It might just be a continuation of old news but it is a recent release. It might contain more details about what is going to be involved and potential timelines. I don't have access to the article.

Cheers
Duckman

 

[YOUNG_TRADER]

Strike (SRK) just came out with its PFS results

Interesting to compare

SRK Cap Ex = $2.3 - $2.5 Billion

DMM Cap Ex = $200m (3Mt's p.a.) - $500m (11Mt's p.a.)

SRK Op Ex = $16/t ore

DMM Op Ex = $22/t ore

SRK deposit = 133.5Mt's @ 59.4%Fe note this is only for Apurimac only and not Cuzco which has 500Mt's - 650 Mt's Historical at 58% Fe +

DMM deposit = 33Mt's @ 55.5%Fe target 110Mt's - 135Mt's @ 56%Fe + 800Mt's@40% Fe targets

All in all based on the Op Ex and considerably lower Cap Ex, DMM's Mayoko does look good, wh the mkt doesn't realise this is beyond me

Even strike when it was $1-$1.50 was too cheap and hence attracted a take over bid, so thats my call for DMM, either it gets re-rated or it will attract predators!

 

[Miner]

Anyone a subscriber to "Africa Intelligence"?

I see they have an article released 13 hours ago online under the heading "DMC to Renovate Mbinda-Dolisie Rail Line".

It might just be a continuation of old news but it is a recent release. It might contain more details about what is going to be involved and potential timelines. I don't have access to the article.

Cheers
Duckman

Hi Duckman

Africa and Intelligence - do they go together ?

Sorry for kidding but I always wonder how could an intelligent nation accept bribery and corruption to nth degree and we can call them intelligent (for whom I do not know).

Not digging at you but more expressing my metaphor as a satire when I consider the definition of humanity, honesty and intelligence changes in different nations.

 

[malachii]

Miner,

Bribery and corruption are not an African thing - they are a world wide problem. Even Australia suffers from it despite our strict laws (just look at AWB!!). Talk to any business person large or small and they will be able to give you both subtle and blatant examples.

malachii

 

[alankew]

Emailed DMC this afternoon to ask about the rumoured roadshow or whether it was an urban myth,heres the response

Mr. Kew,



Thank you very much for your support and interest in DMC Mining Limited, the Company has recently conducted an Investor and Broker roadshow, and is also looking to increases its broker and institutional coverage outside of Australia. We are also continuing to discuss with brokers the strength of the Mayoko project and the growth potential of the Company.

The company is very pleased about the recent Scoping Study assessment conducted by GRD Minproc, and is looking forward to moving to production as quickly as possible.

We appreciate your feedback, if we can assist with anything further please feel free to contact me on the numbers below.



Regards



Dean Richardson

Investor Relations Manager

DMC Mining Limited

T: +61 (0) 8 9486 1909

M: +61400121612

 

[YOUNG_TRADER]

Some on mkt buying would be nice to support us! lol

Just let em know Alan that I'm doing my bit for the company, perhaps I too should get some employee options? he he he

As I said though I was very interested while reading SRK's PFS, it shows that DMM's Op Ex is amongst the lowest of the ASX Iron Ore companies and its Cap Ex for such a large project by far one of the lowest

Bring on a takeover to put this on the mkts radar, where the heck are Crosby Capital when you need em, they made me a fortune on MTN

 

[JTLP]

Emailed DMC this afternoon to ask about the rumoured roadshow or whether it was an urban myth,heres the response

Mr. Kew,



Thank you very much for your support and interest in DMC Mining Limited, the Company has recently conducted an Investor and Broker roadshow, and is also looking to increases its broker and institutional coverage outside of Australia. We are also continuing to discuss with brokers the strength of the Mayoko project and the growth potential of the Company.

The company is very pleased about the recent Scoping Study assessment conducted by GRD Minproc, and is looking forward to moving to production as quickly as possible.

We appreciate your feedback, if we can assist with anything further please feel free to contact me on the numbers below.



Regards



Dean Richardson

Investor Relations Manager

DMC Mining Limited

T: +61 (0) 8 9486 1909

M: +61400121612

Thanks Al Dog.

Apparently the roadshows were all within a 200m radius of the DMC offices for fear of spending too much $$$ on marketing!

HAR HAR HAR

 

[Miner]

Miner,

Bribery and corruption are not an African thing - they are a world wide problem. Even Australia suffers from it despite our strict laws (just look at AWB!!). Talk to any business person large or small and they will be able to give you both subtle and blatant examples.

malachii

Dear Malachii

I do not entirely disagree what you said. Otherwise how could every John Doe could see the drug peddlars in streets of Northbridge, CBD and police men just can not find them, all suicides in jail become unresolved, police speed up the vehicle and when the people hit on tree then police gets unscathed etc. How come all Bikies get scot free from court because no one saw anything to provide witness .

AWB was an Australian company who bribed Iraqis and the incidence did not happen in Australia. OK Tedi pollution was okay with BHP because it was not in Australia . That was my point we all behave differently when we do business in Africa, Asia (except Singapore) or Mexico.

It is still hard to prove who are taking bribes from CIA in this country or taking from foreign investors to change the law etc, Wanneroo Royal Commission, selling cricket weather story by Mark Hughes and Shane Warne, getting tenders etc.

However the difference is there is still a RULE OF THE ROAD in Australia where in Africa no one cares if you get killed on road, AID victim and probably a mere $200 can get some one's life be finished at gun point or get a bail after committing a murder.

It is basically the level of price one pays to cross the line of morality and ethics in Africa, Mongolia,Congo and few other places and to do the same in Australia asking rate is very high.

In Australia the level of honesty probably prevails among 90% of the population where as probably in Africa the level of honesty prevails 10% of the population.

No worry the amount of refugees and illegal intake of migrants with no criminal records checked and health checks, have the potential to transform Australia into Africa in next 10 years for sure.

(I hate to say that normally I have been correct in such predictions though personally a great failure in stock market prediction .

In 1996 I have asked President of IE Australia and Dy Premier Colin Barnet about impending skills shortage in WA and country and to have a strategic plan to address the issue . They laughed saying Australia will never face skill shortage and now we know about it) .

Having said that my comment was more on jest and not to upset any one as I know few of my ex colleagues are very honest and trying very hard in African mines against the bureaucracy - so no offence taken. I do not want any controversy and if any one is feeling upset because of my earlier and present comment stated in comparing Africa and Australia - I am sorry for my comments as well this long lecture

Cheers

 

[alankew]

Maybe if other ASFers could email the company stating there dismay at the apparent failure of the roadshow we could get some action.Heres the email I used bruce.franzen@globemetalsandmining.com.au

 

[d_crome]

That is of course if they GET your email - they're probably trying to cut down on costs everywhere to afford the bus fare for their next road show - so they might be running on dial up at the office place! LOL

Seriously - they need a mouth piece and they need it quick. The lads running this show know mining, they know africa - they've got an advanced scoping study and have regional "experts" on board to "assist" with local "issues".

Read that anyway you want to but bottom line is if this were 1980 - we'd be booming.

However - it's 2008 - times have changed and people are now ACCUSTOMED to receiving updates on everything ALL the time. The market has an extreme case of ADD and if you don't continually remind it of how good you are and what you're accomplishing - you're as good as non existent.

 

[ans25]

Hey guys is it just me or have we seen the low of DMM,

Its been pretty constant sideways now, and although theres hardly any volume I get the feeling that this baby is ready to go up now.

Im thinking of going back in

 

[d_crome]

Quarterly out - the summary looks really good actually!

Target of near 1000 Mt is on the books with a drill campaign set to start in Q3, the team is already in place (those in the know in Africa!) and what looks to be good local support.

At these prices DMM is just just ridiculously cheap.

 

[Sean K]

Quarterly out - the summary looks really good actually!

Target of near 1000 Mt is on the books with a drill campaign set to start in Q3, the team is already in place (those in the know in Africa!) and what looks to be good local support.

At these prices DMM is just just ridiculously cheap.

Yeah, nothing we really don't know except maybe that they're thinking of a share split to get some more liquidity. Also looks like they understand that marketing their company may be important to get some investor interest. Derr.

 

[d_crome]

Kennas - that's where my suprise was - the document actually looked like somebody with some level of skill in PR peiced it together...LOL.

Sad really when you find the level of poor PR in an investment you hold a source of amusement...

 

[YOUNG_TRADER]

Looks like they are picking up their PR game


“This is a giant step forward for DMC in bringing this potential billion tonne
Mayoko deposit into production and reaffirms the government support for
DMC’s intentions” Managing Director, DMC Mining, David Sumich said.

DMC now becomes one of the more advanced offshore iron ore development companieslisted on the ASX.


Surely this will attract some Insto's or majors

Time will tell

 

[Sean K]

Looks like they are picking up their PR game


“This is a giant step forward for DMC in bringing this potential billion tonne
Mayoko deposit into production and reaffirms the government support for
DMC’s intentions” Managing Director, DMC Mining, David Sumich said.

DMC now becomes one of the more advanced offshore iron ore development companieslisted on the ASX.


Surely this will attract some Insto's or majors

Time will tell

Yeah, nice picture and everything. It's like the signing of an independance or peace treaty document.

The Congo boys seem to be behind them.

“This is an opportunity for us to warmly thank our friends at DMC Iron Congo.
This signing of the Convention gives them an opening to continue research
work with other related activities and, as they have also mentioned, there are
a number of positive actions they have taken for the population and to favour
the social and economic development of our country”

“We are pleased that DMC Iron Congo will accompany us on this venture
designed to give a practical dimension to the aspirations of the President, so
as to give strong mines of Congo, like Mayoko, their rightful place in the
economy of our country and their true place in the workings of the world”

I wonder if they all did the Congo around the room after the signing?

 

[Sean K]

I wonder if they all did the Congo around the room after the signing?

Here's the board of directors and the Congalese ministers celebrating the signing of the peace accords.

 

[ans25]

HaHaHa that was a crack up.

But yeah everything is good except no one knows abt it... hate to keep harping on it.

Cmon Market wake up!!!