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DMM - DMC Mining

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Who knows, why didn't Vale go for SDL's project? Why didn't SDL go for DMM's project? Why didn't RIO go for all of FMG's current grounds??

I have no idea, hindsight as they say is 20/20

All I know is we're in the mother of all Iron ore booms,

The Fe price just keeps rising and the CHinese are getting very desperate to secure their Fe supplies,

Large projects such as these are sure to attract some form of interest and attention

I see DMM as YML early days, lots of promise but hardly anyone has faith, I think the turning point for YML was when they appointed Wayne Richards as MD

Highly experienced and accomplished Australian iron ore executive, Wayne Richards, appointed as Yilgarn Mining’s Managing Director.
• Mr Richards brings extensive iron ore experience, including as a senior executive with BHP Billiton Iron Ore Division, as well as extensive nickel experience.

I'm pretty sure it was his credentials and connections that really made the mkt take YML seriously as at the time the companies SP was 50c


So I'd say given DMM have the right projects and some of the right people the next step would be in my eye to get some Ex Rio/BHP/Vale Iron Ore boys on board to spearhead the project and the companies transition from a Juniour to an emerging producer
 
Was DMM's EGM today, anyone get down there?

Would be interested to know if there was a presentation or if it was straight down to business witht he votes etc,

If there was a presentation I'd expect it to be released to ASX tomorrow lunch at the latest,


I've also emailed the company regarding getting Senior Iron Ore people on board to take the company to the next level ala BRM
 
YOUNG_TRADER said:
I've also emailed the company regarding getting Senior Iron Ore people on board to take the company to the next level ala BRM
Click to expand...
That's nice. Investor pro-activeness.

I'm watching this DMM stock and reading up about it too.
But most importantly, learning and soaking up the YOUNG_TRADER braindump.
 
Hey Quarky,

Yeah it costs nothing to be pro-active so I say why not?

Would have been good to have made it to the AGM but alas time didn't allow it,

Anyhoo good to see DMM close strong at the day high of 82c

Slowly but surely it looks to be getting re-rated
 
With just over a mill. in the bank they will need more capital soon folks.Yet there are still buyers pushing the price up.I thought i read somewhere Mayoko could be up and running within 2 years so that is encouraging to know.

DMC is currently considering a capital raising to fund the next stage of exploration at Mayoko. Details will be disclosed as appropriate.
Click to expand...
 
Breaking 80 very important here, then 1.00/05 next major resistance. Been an excellent run since the retrospective nice dragon fly bottom signal at .35 and breaking the downtrend in early April on a break up through 50. And retrospectively wonder why the hell I didn ´t buy more at that level.
 
Kennas are you meditating or trying to get the message into your head to buy next time there is a dip
 
Has anyone got an idea how far it is from mayoko to the port?trying to get a handle on how much DMM would need to pay for a new line,i think they can upgrade the current line very cheaply but i need to know the distance..

It cost fmg $3m per km for 260kms of line,so i would expect it to be much cheaper in africa..tb
 
TBH best bet would be to just wait for the scoping study,

Pretty sure that will have all the answers,

Op Ex (Operating Expenditure), Cap Ex (Capital Expenditure)

The Cap Ex should contain a break down for rail/port transport etc and the actual mills/mining

I'm also guessing that a few output scenarios may be assesed etc etc

Remember SDL's Cap Ex is $3B+ from memory SRK's Cap Ex is also $2B-$4B

So really a Cap Ex for everything of $1.5Billion or less for DMM would be good in my eyes,

What I'm really hoping is that there's a stage 1 small 0.5Mt p.a. DSO operation (with penalties in price recieved of course for the impurities) but DSO nevertheless that has a Cap Ex of like $50m, this could act as "Bootstrap Funding" to get to Stage 2 the larger 11Mt p.a. + Mag operation


But the scoping study which is due soon should hold all the answers for us
 
I'm a new boy here trying to rebuild my empire after some set backs, but I've enjoyed the read so far.

I have over the last few weeks taken a $100k position in DMM so am happily surprised to discover this website.

I heard expectations of another 800mt of jorg are still to be confirmed which to me means there's lots of potential over the next 6mths. the scoping report will provide positive news I think.

Also, I bought up more options again on Friday and will continue if the price is in the 50+ cent range.

good luck to all on this one, it's a steel.
 
YOUNG_TRADER said:
I've also emailed the company regarding getting Senior Iron Ore people on board to take the company to the next level ala BRM
Click to expand...

DMC are currently looking for a CEO and Exploration Manager through Beilby. Ads were listed on 30 April.



 
Morning Dubious, yawwwnnnnn lol (lazy Sunday Arvo)

Just checked my email and I got forwarded the same stuff from my Argonaught Securities contact, hmm do we know the same people lol

Yeah it looks like DMM are searching for an Exploration Manager and a CEO, hmmm maybe they heard what I had to say? lol just joking

But on a serious note I am very impressed with this, see once YML/BRM started getting some recognition for what they had in the ground the next obstacle was getting on board some serious Iron ore talent (sorta like SDL too) this can sometimes be difficult because exisiting management might not want to hand over the riegns (Ego's pride etc)

I think the fact that David Summich who owns about 20% or so of the company and is currently in charge, yet is actively seeking more experienced Iron Ore management speaks wonders of his character, he really is doing all he can to get this project going and now realises if he's serious he's gonna need some help

As I said a few days ago, all the company needs now is an Ex BHP/RIO/FMG/CVRD type Iron Ore CEO and Exploration manager and DMM will get re-rated further towrads my price targets of $1.50-$2

Very positive news for me and watching with glee, go David!
 

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YT
Maybe you should polish up that CV and go for the CEO role.

Agree this shows good management attitude.
 
lol yeah Dubbious and Miner or Grace can be PR Rep :


Seriously though it is a very good thing, sometimes what kills companies like these with excellent assets is that Management doesn't realise they must let go and yield the helm to others who are more capable than they are (CTS cough cough).

I have no doubt David Summich is an excellent director and deal maker, but how good an Iron Ore miner is he? Im glad he realises that for DMM to become a serious Iron Ore player and transition from spec explorer to emerging producer serious talent is required (ie BRM SDL)

Getting proven Senior Iron Ore boys on board will IMO re-rate DMM even further aqnd in turn increase share holder value, this will in turn also benfit David as he owns about 20% of the company

My bet is it'll be some Ex Rio or BHP Iron Ore Exec who is well connected
 

Thanks YT and I am pleased to see you still consider me to be employable when you are the CEO

I will take the PR Rep for DMM or any other company so long you are the CEO (you will not be disappointed as I do have experience with FMG, Rio, BHPB and similar) !!

But please continue to give your tips to ASF for all of us to make money even when you take the role

Good to see we are back to normal now .

Yes, I do agree with you that it is just not alone good ore strength but need an excellent management team to get the production which is more than scoping, PFS, FES and FEED work.
 
Well observed dubiousinfo They would only be advertising for a new CEO and exploraiton manager if they were at that point of being ready to go to the next stage so its positive indeed. Where were they advertising
 
hey. . .

as a new-bee reading the posts, you guys are great. . . .sharing info and bouncing ideas. . . . i read somewhere that when starting off in the stockmarket, a mentor makes the experience safer and more enjoyable. . .

hopefully, i may be able to add a little value to the discussions in the near future. . . . .


also glad that things seem to be back to the happy normal here. . . .

i hold only a tiny lot of shares in DMM. . . only due to being capital challenged at this stage. . .
 
Hey YT, Seeing you, Miner & Grace have taken the top positions in this company, if its any help, I'm bloody good on a pick & shovel. Anything to see your SP target of $1.50 plus achieved!! Good work guys! ColB
 
Looks to be doing the slow steady build,

The chart looks interesting, almost looks like one of them inverted triangles, or wedges or ascending triangle, Kenna you know what I'm on about right?


p.s. Miner I wasn't refering to you in particular, just generally speaking : :
 
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