DMM - DMC Mining

[Gekko]

Hi again YT,

Yes, I interpreted that "crazy" meant overvalued, so thus my posts. Looks like I was not the only one that read it that way. Guess that argument is over then. I'm sorry for interpreting wrongly.

I have done a valuation for DMM against BRM that I hold (I will recheck my figures as it could have errors, not saying it doesn't, and always happy to be corrected). I hold firm that SDL is overvalued compared to a number of oz iron ore stocks, thus why I have never touched it.

I have put my own personal value on DMM. It conflicts with yours, but 100 people will have 100 different valuations.

All members have the freedom to offer opinions, and I feel mine is just as worthy as yours. I may not have the following you have (nor do I want it), but I always try to post as fair as I can.

Good luck with your holding.
Cheers Grace

Grace after reading everything, it does look to me like you were selectively taking his post out of all context.

When you read the other posts he said on SDL, the message is far different then what you posted of his response. It looks like you intentionally selected the quote that suited your argument best and left the rest out.

Lets just get back to basis and get back to talking about the stock.

 

[Datsun Disguise]

Ahh now I can sleep easy. Good to see the hatchet has been buried - and it seems in no-ones back! : Anyway - it seems that all are agreeing that DMM is a little low right now - if the targets begin to firm up the way they are expected to we should see an sp move above $1.50. This is a feel good story surely! Guys?

I love forums - so entertaining and this ones got the added bonus of great information and debate!

Grace - your posts were gracious, YT your defence energetic!

Both of you keep it up - peer review is the only way to prove out the info that is out there, if we are forced to prove our statements, and maybe our motives, it only builds a stronger forum.

 

[desolator]

good read, its a good thing that we are seeing arguments about stocks as long as they are in context.. helps those of us come to terms with the money we have put on the table by being better informed!

GL every1!

 

[YOUNG_TRADER]

Guys talking stock fundamentals is one thing, which is all we were doing,

But Grace mis-quoted me by taking a post from the SDL thread by taking 1 of three posts out of context and also bolding parts of a post I hadn't, read the SDL thread and you'll see,

Here are my thoughts so there's no confusion

1. I am impressed by SDL's project

2. I am blown away that they have not consolidated there shares, 2Billion is just CRAZY to me

3. I am impressed by DMM's project

4. I am blown away in the mkt cap difference with DMM being 1/12th of SDL's current Mkt Cap, now such a difference is just crazy


Now Grace comparing DMM to BRM doesn't prove anything, who says BRM is fairly valued, to me BRM still looks cheap, what you need to do to value Magnetite is look at what the Chinese are paying for Cape Lamberts deposit (ie 100% purchase) and then extrapolate and then discount by whatevr country risk factor you see fit, but I'm sure its more than 5c

I have presented many reasons as to why I think DMM is cheap, you have presented your side, now lets wait 3 months and let the mkts be the judge

p.s. I will put a proper presentation together tomorrow too tired atm

Hope everyine had a great weekend

p.s.s Goldman nice to see you lurking

 

[Nesa]

p.s. I will put a proper presentation together tomorrow too tired atm

I will be looking forward to this. Been reading through quite a few of your posts lately.. keep at the research because you are teaching a lot of people including me which is great. ta

 

[bvbfan]

Haven't really researched DMM but just a quick question for those that have.

Is DMM likely to be chasing a 2billion tonne iron ore discovery?
If so then yes maybe they are undervalued to SDL.

If not, maybe DMM is rightly valued & perhaps SDL is overvalued because of the expectation of holders that they might prove this up.

 

[Miner]

Dear YT

At the outset thank you very much for your constant thrust to educate many of us including me through your highly valuable research and analysis.
It does evoke some debate which makes your research information all the better and stands out the value.

I am not knowledgable and try to gain knowledge from many of you here. I therefore personally feel that people like me are lucky in this forum to have people like you and few others who have been constantly enriching this forum. I tried to send you a PM but your mail box is full (with fan mails of course).

No I am not asking for any money but the quality of information comes from you and few notable others are far superior in quality and quanity, I get by paid subscription newsletters like Eureka, Huntleys, Intelligent Investor, Insider Trader, Wise Owl and Bell Potter reports. They are some times worse with so many disclaimers and they were always right when you loose or gain either way and never back up their data when they are challenged.

Keep it up my learned friend and thanks for every thing

Regards

 

[adobee]

Well I am on DMM ...

Whilst I dont buy my stocks based only on YT recommendations I must admit this guy is THE GOODS !!

Have your opion but relax on attacking other peoples.. if you are going to then back it up with a prediction !

 

[juw177]

140000 shares traded so far today. I wonder how many was a direct result of YT's posts?

And who are the people who sold out? The sell side has bigger parcels than the buy side which suggests the buyers are the small guys.

I think this has a bit more consolidation to go before the next leg up.

 

[Scallop]

Re d_chrome "Hate to play devils advocate on this one - but there are some disturbingly large impurities of silica in some of the results issued by the company - any thoughts of how this could be the potential reason DMM is currently "undervalued"??"

I agree with most posters here that DMM does appear to have great potential.

One factor that does concern me however is the high level of silica (up to 10%) mentioned by d_chrome.

Does anyone have any information as to whether this will affect the viability of the operation?

Otherwise appears to look good imo.

Regards

 

[YOUNG_TRADER]

Hey guys,

Great to see my original Iron Ore baby YML now BRM getting a $5.50+ price target, who would have thought back when it was 16c even I am blown away at how well the stock has performed


Not tooo many large projects like that left out there in the ASX for mkt caps under a $100m let alone $45m like DMM, I reckon it will only be a matter of time before we get some broker coverage happening,

Will be interesting to reflect on DMM, just as I am now reflecting on YML/BRM

re The silica grades, it means that a straight forward DSO s not possible, the company either needs to upgrade the material via a simple benefication process, or take a large pricing penalty due tot he higher levels of impurities

Either way though guys this one is cheap as chips

 

[Go Nuke]

You dont work as a P/R guy for this company do you YT??

Looks good to me. Ive learnt alot from the reasoning behind why you think this company is currently undervalued...and for that i thank you

Perhaps i will be able to retire at 75 instead of 85 at this rate.

congrats on your 3500th post too YT

 

[golfmos123]

Big move at the end of the day - someone mopping up just over 60K shares (around half daily volume) which has bumped the price up to 78. Hopefully more good news to come soon as well..... (same person could have bought all those in the low 70's earlier in the day, or maybe they did that too????)

 

[ta2693]

Big move at the end of the day - someone mopping up just over 60K shares (around half daily volume) which has bumped the price up to 78. Hopefully more good news to come soon as well..... (same person could have bought all those in the low 70's earlier in the day, or maybe they did that too????)

I do not think something large is going to happen very soon. The guy who bought at 78 cent is too excited. I do not know why he not pick up DMMO at 52 and 56c which can give him better leverage and better price.
So, I do not think he is a pro.

 

[Gekko]

I do not think something large is going to happen very soon. The guy who bought at 78 cent is too excited. I do not know why he not pick up DMMO at 52 and 56c which can give him better leverage and better price.
So, I do not think he is a pro.

"So, I do not think he is a pro". I struggle to remember to a more arrogant comment on an internet forum.
"The guy who bought at 78 cent is too excited." The trend is up, so it may prove to be astute buying. I presume "ta" stands for technical analysis? If so, you should see the chart as showing an uptrend. My chart shows the stock in an uptrend wanting to test $1 again. Not sure what yours shows.

 

[YOUNG_TRADER]

Hmmm interesting looking at the action towards the end and ta and gekko's differing takes on it,


My 2 bob are as follows,

The volume for today was about 130k with nearly half that coming from one order for 60k+ shares AT MARKET at 3.55pm ie just before the close,

So yes maybe it was someone getting too excited, but then I'd sure like to know whats got them excited all of a sudden, the DMM story has slowly but surely been filtering out since last week when the JORC was released

I am very happy with the buying I did at 60c and 70c and heck maybe by tomorrow even my 80c buying will look good,

Also I've come up with a much better way of valuing the Mag potential of DMM,

First what I'm going to do is extrapolate exactly how much the Chinese are about to pay CFE for each tonne of their mag and then apply an appropriate % as an EV

 

[Miner]

Hmmm interesting looking at the action towards the end and ta and gekko's differing takes on it,


My 2 bob are as follows,

The volume for today was about 130k with nearly half that coming from one order for 60k+ shares AT MARKET at 3.55pm ie just before the close,

So yes maybe it was someone getting too excited, but then I'd sure like to know whats got them excited all of a sudden, the DMM story has slowly but surely been filtering out since last week when the JORC was released

I am very happy with the buying I did at 60c and 70c and heck maybe by tomorrow even my 80c buying will look good,

Also I've come up with a much better way of valuing the Mag potential of DMM,

First what I'm going to do is extrapolate exactly how much the Chinese are about to pay CFE for each tonne of their mag and then apply an appropriate % as an EV

Dear YT

An honest question here when you said you bought DMM at 60 and 70 cents and will buy it at 80 cents. With your skill and caliber I would have expected that you must have bought it plenty when the price was only 30 cents a month back and would be ready to sell it now. In our March / April stock competition one of the learned friends tipped DMM - you can find out, He is also very knowledgable like you. So if he has made a position at that time you are no less knowledgable so I am sure your millions are waiting to be unloaded now .

I think novice like me will buy DMM at 70 or 80 cents with a high hope and still probably make some tiny profit .

Just curious to read this thread's posting tonight and thought to put this question. Please do not misunderstand me as before my eyes you are a super hero as far as stock analysis is concerned.

Regards

 

[YOUNG_TRADER]

Mate are you on drugs???

Where do I begin,

Dear YT
An honest question here when you said you bought DMM at 60 and 70 cents and will buy it at 80 cents. With your skill and caliber I would have expected that you must have bought it plenty when the price was only 30 cents a month back and would be ready to sell it now.

Well I can't pick everything now can I, I first bought at 50c - 60c got distracted didn't get my fill then it went into a trading halt, I had only 150k shares from memory

It came out of the trading halt and I bought some at 80c when it fell back and 70c and a lot at 60c,

I have now around 300k shares

I would have expected that you must have bought it plenty when the price was only 30 cents a month back and would be ready to sell it now.

I have said time and time again $1.50-$2 price target for me, not 70c-80c I have been buying more at these levels, why the hell would I sell?



I sorta take offence to your post mate, whether you intended it or not you didn't ask a question your making an accusation.



First Grace, now you, getting a bit tired of this, maybe I should just keep my posts and research to myself

And to think I was about to spend a good 30mins of my time putting together a magnetite valuation

 

[Pedron]

YT,

I'm picking up a little phsycological game going on here. Some people are asking too many questions about how much $ you have in shares etc. Don't tell them, its none of their business. I think this could be turning into a typical Australian tall poppy syndrome. Keep posting your findings because they are extremely informative but don't tell these guys how much you're making as this will breed jealousy with those that are losing money. You may say that all your info is just your honest opinion but there's still alot of lazy people that will not do the research and expect that you are right all the time. Again ignore these people, Thanks and keep it going!

 

[adobee]

Dear YT

An honest question here when you said you bought DMM at 60 and 70 cents and will buy it at 80 cents. With your skill and caliber I would have expected that you must have bought it plenty when the price was only 30 cents a month back and would be ready to sell it now. In our March / April stock competition one of the learned friends tipped DMM - you can find out, He is also very knowledgable like you. So if he has made a position at that time you are no less knowledgable so I am sure your millions are waiting to be unloaded now .

I think novice like me will buy DMM at 70 or 80 cents with a high hope and still probably make some tiny profit .

Just curious to read this thread's posting tonight and thought to put this question. Please do not misunderstand me as before my eyes you are a super hero as far as stock analysis is concerned.

Regards

haha you are on drugs !!!

go through YTs posts and find something that he has spruiked when he has needed to sell out .. Nothing!! This guy is on it and gives the tip before it runs hard.. and if he is selling out usually posts this to see MHL..

Miner you need to BTFUP!