DMM - DMC Mining

[YOUNG_TRADER]

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 .

Why I don't get is he says he wants to ask an honest question and that accuses me of buying millions at 30c because someone else on ASF saw the stock so obviously ie the "MASTER YT" had to have seen it and thus am ready to "unload" my millions at 70c

I'm not going to bother with characters like this and sadly it looks like ASF maybe slipping in terms of some of its members, hope it doesn't go as far as HC

Miner check that chart you ding bat, there was never millions traded for starters and in the last 6 months it looks to have only touched 30c on less than 65k volume from 35c for 1 day, maybe I picked up a secret Million here


Your a joke and I will take a lot of pleasure in PM'ing you my profits once this hits $1.50 - $2, remember 300k avg 65c-70c, so if it gets to $1.70ish well you do the math

and 1 last thing most of the time when I finally do sell the stocks still go alot higher, ie I always do leave money on the table, YML I sold $1.20/$1.50ish today as BRM $3

 

[Miner]

Why I don't get is he says he wants to ask an honest question and that accuses me of buying millions at 30c because someone else on ASF saw the stock so obviously ie the "MASTER YT" had to have seen it and thus am ready to "unload" my millions at 70c

I'm not going to bother with characters like this and sadly it looks like ASF maybe slipping in terms of some of its members, hope it doesn't go as far as HC

Miner check that chart you ding bat, there was never millions traded for starters and in the last 6 months it looks to have only touched 30c on less than 65k volume from 35c for 1 day, maybe I picked up a secret Million here


Your a joke and I will take a lot of pleasure in PM'ing you my profits once this hits $1.50 - $2, remember 300k avg 65c-70c, so if it gets to $1.70ish well you do the math

and 1 last thing most of the time when I finally do sell the stocks still go alot higher, ie I always do leave money on the table, YML I sold $1.20/$1.50ish today as BRM $3

Dear YT

I read this mail after I read yours in GCR.

First of all thanks a lot for writing few paragraphs responding to my mail.

Please be assured that the 30 cents comment was not directed at you or any one. Honestly I am not in the game of using confrontational posting or using a bit language you have used. But that is your call and both of have not graduated from the same school .

I have been always respectful to you in making my comments and respect your knowledge like I do the same for few others in this forum.

As a minimum courtesy to this forum and participants, I urge that if you do not agree what I said at least please use your words with the same care as you use the financial figure and terms . That costs no brokerage nor a single penny my friend.

No qualms with you or any one. I just expressed myself.

Good luck and rest assured that we still be in talking through this forum.

Regards

 

[YOUNG_TRADER]

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 .

Mate choose your words more carefully next time and then this can be avoided. You say your not accusing me of anything, well that line I bolded seems to be a pretty big assumption/accusation.

You accused me of something which I took offence to, so perhaps ask about stock fundamentals or discuss stock fundamentals,

I have never had a problem with anyone on ASF, I have been a member and active poster since early 2006.

So please try and not accuse me of things or make assumptions as to what I am doing and everything will be a ok

 

[Miner]

Mate choose your words more carefully next time and then this can be avoided. You say your not accusing me of anything, well that line I bolded seems to be a pretty big assumption/accusation.

You accused me of something which I took offence to, so perhaps ask about stock fundamentals or discuss stock fundamentals,

I have never had a problem with anyone on ASF, I have been a member and active poster since early 2006.

So please try and not accuse me of things or make assumptions as to what I am doing and everything will be a ok

Once again Dear YT thanks.
My reference to March / April Stock tipping competition was not you. It was a reference to some one who has not participated in this conversation and it was not you again. I referred just to show how some one could be prudence and it was not a criticism to him either. If you please take some time to refer to the stock tipping competion thread for march /april then you know it. You did not tip for DMM in stock tipping so why reacted my friend? As a matter of fact I was complementing the person who tipped DMM at 30 cents in stock tipping and expect that he would unload his money very wisely now. Once again it was not you - so please do not vent your anger unnecessarily. Your conservation of energy will give us more benefits through your stock analysis as you have been doing for years.

Good luck

 

[YOUNG_TRADER]

lol I think your doing an about face Miner, lol

Just accept what you said mate, its there for everyone to see

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 .

That line cannot be interpreted any other way than you refering to me mate, check what the word YOUR means

Anyway mate I could care less,


For those interested I just confirmed DMM only has 15m shares tradeable which means really even a few hundred k holding is a big position in terms of the % tradeable shares

 

[alankew]

Juw you cannot have it all ways,YT would be mad not to buy his own tips before announcing it to ASF(and in turn on HC by copy and paste artists).Perhaps he should tell one and all and then pay the YT premium:This forum (and a lot of the people on it)would be a lot poorer without the likes of YT.Personally think that Miner is possibly not a native English speaker and things came out different to how Miner meant it.What happened there,Juws post deleted?

 

[Joe Blow]

What happened there,Juws post deleted?

Juw's post was removed. He claimed via PM that it was made in jest but since you are the second person who didn't get it I'd say it wasn't a very successful joke.

Now lets move on with the discussion of DMM shall we?

 

[YOUNG_TRADER]

You guys realise that I put in a **** load of my time and effort into doing these research reports? and I get little no value other than the fact that I enjoy (well at least I used to enjoy) doing it

The fact is most of the time when I pick an undervalued stock which is do for a fundamental re-rating it happens and would have happened regardless, ie MXR the other day, I just try to make sure as many ASF'ers as possible enjoy this ride, but of late this is becoming so much of a headache

Good luck guys I'm off for awhile to make money with my useless research

Maybe some of these naggers can step up to the plate to fill the void

 

[rob7string]

YT, I have just started my share trading adventure and without your research, opinions and help, I would still be at square 1 with no idea what to do.
I havent yet purchased any stocks, but i read every post you make to help myself understand whats going on and what I should do.
It would be a shame if you didnt continue your research just because of a few negative posts from others.

Either way, what your doing on these forums is fantastic and im sure it helps many many people, especially myself and I thank you for it.

 

[tigerboi]

Gee whats the drama here??YT got set at lower levels than the average punter?thats what its all about isnt it..

If youve got some real good info & you give it to YT in return he will give you the opportunity to be one of the punters to grab some lower than the average joe...

For the record here i got a private tip for DMM at 47c...

if i get permission ill show you what was said...at 47c..i didnt grab any either but its the action that counts...tb

 

[Gekko]

I've been watching this discussion for the side lines and think its just pathetic

YT please pay no head you have again and again shown your research to be top class sure you may not be 100% correct but I have followed your research for some time now and am Well in front and yes MXR is a good case in point, does everyone forget that YT was harping on about MXR's target size at Narndee for over 1month it may have been even 2months, I don't as I picked up plenty at 13c-14c and made 100%+ in under a month

Re DMM I have looked at the chart and it looks to me that it was trading thin volume between 50c and 60c with a small dip to 47c 2 days before the trading halt where only 5k shares were bought

I'm guessing YT bought some at 50c-60c but then as he says more at 60c and 70c

But who cares the chart looks to be in a good uptrend and YT's numbers seem reasonable so I think at the end of the day whether your avg price is 60c 65c 70c 75c it will make very litlle difference as the big gains I've found come when the stocks get properly re-rated, ie it didn't matter whether you had MXR at 13c, 14c or 15c just that you had some for when the re-rating arrived

I think its a real shame that so much crap is being spoken and the fundamentals are getting lost in the noise

 

[Go Nuke]

Well I thought I would just post a basic chart for those that might read the thread but cant see a chart.

Obvious support lies at 60c.

The 7 and 21 day MA have crossed the 50 day MA, which Im sure Ive read somewhere that alot of institutions go by price action in regards to the 50 day MA.
Good support was also off the 200 MA (though good to see this is below our 60c support now )

Even going by a P&F chart, 80c now shows as resistance so I guess its not too supriseing to see some more profits taken today perhaps.

The only downside I noticed today was that todays price action on a candlestick chart provided a "Bearish Engulfing Patten". It doesn't engulf the shadows (that would just be slightly more bearish) and the prior day wasn't exactly a small candle, but non the less it could indicate a reversal or just a change in direction (sideways I reckon in the case of DMM)

Im enjoying learning about Candlestcik charting, so my predictions will probably be wrong..lol. But I'm having fun trying to add another angle of insight into the stock market.

YT, you already know what I think of your posts, and if I had more time today, I'd try to do the CFE vs DMM sums that you were planning on doing...just to see how close I came to your results.
Though im way out of my young league compared to yourself mate.

 

[adobee]

Once again Dear YT thanks.
My reference to March / April Stock tipping competition was not you. It was a reference to some one who has not participated in this conversation and it was not you again. I referred just to show how some one could be prudence and it was not a criticism to him either. If you please take some time to refer to the stock tipping competion thread for march /april then you know it. You did not tip for DMM in stock tipping so why reacted my friend? As a matter of fact I was complementing the person who tipped DMM at 30 cents in stock tipping and expect that he would unload his money very wisely now. Once again it was not you - so please do not vent your anger unnecessarily. Your conservation of energy will give us more benefits through your stock analysis as you have been doing for years.

Good luck

YT is the goods !!!!!!!!! there is no two ways around it.. untill you can post some fantastic posts and pick shares that rip forget about trying to argue.. You can talk the talk but YT appears to walk the walk..

 

[YOUNG_TRADER]

Hey guys,

Well I certainly recieved alot of PM's from alot of readers, so I can say this research is for you nice people


Something I found very interesting is that of DMM's current 36m Shares, The Executive Director David Summich (who I gather was the architect) holds 6M shares and 3M options

This means he has 16.7% of the issued capital and if he converts his options to share 25%+

His holdings are ESCROWED ie he can't do anything with them ie sell until JULY 2009

So his interests are more than aligned with ours given the size of the holding he has in the company, kinda like Michael Ruwane of IRC, its in his best interest to make this project work as those 6M shares + 3m Options at $2+ SP would set him up for life


p.s. Yes Gekko thats really the funny part isn't it, like MXR holding at a 5%-10% discount makes no difference when the eventual re-rating happens. My avg price paid for my holding is 60c - 65c, others could have also got this level quite easily (in fact I was silly to pay 80c the day it came out of the JORC) but thats hindsight I really thought it would seriously re-rate on the back of that ann


Finally forgetting what I think (as I'm a bum who knows nothing) I take alot of confidence from the fact that the main director holds so many shares and Passport Capital bought in at 90c - $1

 

[doctorj]

I think we've established that Miner was either way out of line or completely misunderstood. Can we get back to DMC Mining please?

 

[tigerboi]

Well I thought I would just post a basic chart for those that might read the thread but cant see a chart.

Obvious support lies at 60c.

The 7 and 21 day MA have crossed the 50 day MA, which Im sure Ive read somewhere that alot of institutions go by price action in regards to the 50 day MA.
Good support was also off the 200 MA (though good to see this is below our 60c support now )

Even going by a P&F chart, 80c now shows as resistance so I guess its not too supriseing to see some more profits taken today perhaps.

The only downside I noticed today was that todays price action on a candlestick chart provided a "Bearish Engulfing Patten". It doesn't engulf the shadows (that would just be slightly more bearish) and the prior day wasn't exactly a small candle, but non the less it could indicate a reversal or just a change in direction (sideways I reckon in the case of DMM)

Im enjoying learning about Candlestcik charting, so my predictions will probably be wrong..lol. But I'm having fun trying to add another angle of insight into the stock market.

YT, you already know what I think of your posts, and if I had more time today, I'd try to do the CFE vs DMM sums that you were planning on doing...just to see how close I came to your results.
Though im way out of my young league compared to yourself mate.

Strange you mention CFE as i was again reading their iron ore preview on the website,i put a big deal on the location & therefore transport capabilities.
there is a comparison of the transport costs of CFE V GBG...16 % diff.

so currently 3 options..
aussie coast,africa,pilbara...my choice

That is why i like these 3...BMY,CFE,ARH..

plus been looking at TTY today,in the nt,railway line straight out to the port.
got cash,looking to double the tonnage in 18 months time..sp.98c cheap(was $1.70 six months ago)

DMM resource looks the goods,they only real problem they got is the railway will have to be upgraded...they are way better alternative than say the midwest magnetite that have to use the quads to get it to port...

rail capacity will become a problem for the pilbara producers looking to get their up to 3mt out behind fmg,rio,bhp's 24/7 operations.

if dmm upgrade their resource as expected then they will be more favoured over the pilbara producers that will suffer set backs due to capacity restraints.

my verdict,if the railway gets upgraded then they are a much better option than the pilbara juniors who may not get their IO to the ship at all...tb

 

[grace]

Just thought I would add some info on another iron ore project on the way in Africa.....

CEMEC (Chinese consortium) outbid Vale in 2006 on the Belinga iron ore deposit in Gabon, Africa.

The Gabonese govt still own a part on the deal, but I'm not sure how much.

The resource is estimated at 1 billion tonne grading +60%. So far a resource of 500 million tonne of +64%. All DSO.

The Chinese have committed 3 billion dollars to build 560km of railway, port and power station for this deposit. Construction started last year on all three. The power is hydro. They have already started to dam up for this (which is quite controversial given it surrounds some beautiful waterfalls....government did not even ask for environmental studies.....).

First iron ore was planned for 2010, but I think has been delayed to 2011.

This project is expected to take 5 years from govt approval to first shipment of iron ore.

My question to readers is this, if a new rail line is needed, would it be worth running one for a mainly magnitite project? If new infrastructure is needed, first ore shipped could be 2013, and not as stated by the company.

Time is a precious thing for all iron ore juniors at the moment.

 

[Gekko]

Just thought I would add some info on another iron ore project on the way in Africa.....


My question to readers is this, if a new rail line is needed, would it be worth running one for a mainly magnitite project? If new infrastructure is needed, first ore shipped could be 2013, and not as stated by the company.

Time is a precious thing for all iron ore juniors at the moment.

You should email or phone David Sumich with your concerns. He would best answer your question regarding when the company plan on mining first material.

Africa is a mighty big continent thought. Certainly no Tasmania (lol). There is plenty of investment and money to go around.

 

[YOUNG_TRADER]

Re the new rail line perhaps you should ask SDL?

From memory they seem to looking to build $3Billion+ worth of rail and port infrastructure for a comparable project

Re timing yes it is very important and not just for the companies but equally so for the investor, you see I like to get on board an Iron Ore Juniour before all the boxes are ticked off, ie YML at 16c JMS 10c HLX 10c CUL 5c FWL 20c,

You see as these boxes get ticked off the company begins to get re-rated and usually trades at many multiples of me entry ranging from 2x-20x avg'ing 4x

So yes timing is very important, thats why when I see a company with alot of potential trading a ta cheap mkt cap I enter and wait for the re-rating

I'm quite sure you would have dismissed YML/BRM early days but now it appears to be one of your favourites, so I'd ask you who mkaes a bigger return, the preson who had 1M YML + 1M YMLO and sold the YML for an avg 80c and the YMLO 20c-25c or the person who buys YML/BRM at $1+ and holds it for $3 ? ? ? think you can see were different types of investors

 

[grace]

think you can see were different types of investors

I am a fundamental investor, and at the moment I am working through that with DMM. I agree that it may have plenty of upside.

Any thoughts why CVRD (Vale) didn't go for this project when they were outbid on the Belinga deposit? Do they have another project on the go in Africa?