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DMM - DMC Mining

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hmm fair enough guys. But the clues as to how to reduce impurities will be in the scoping study i guess. That'll give us more information. Also interesting are the gravity surveys. They did have some 60% drill hits mixed in with 50-53% drill hits, so came out 55.5% average for 33mT resource. They need to get their resource base towards 100mT. Exploration is always a risk i guess, as most of the historical drills i see on their pictures have 40%+ magnetite ore hits.
 
ATMA if DMM had exisitng infrastrucutre that was ready to go, rail in-tact, wagons, a 100Mt 60%Fe DSO deposit the Mkt Cap of the company would be $500m+ = $10 undiluted or something

So you have to take it all in context, thas what I always try and say to people, its like they expect a Multi Billion Dollar NPV project to be held in a $40m mkt cap company

The fact is DMM is cheap but hopefully as it has progress on its project ticking off the boxes its mkt cap will accordingly re-rate higher to what will eventually be fair value
 
<sticks his hand up>

I wouldn't mind buying a $10 share for 85c. Of course if the opportunity arose, I'm sure I would be terribly suspicious.

Bring on the scoping study.

Cheers,

Kenny
 
atm its correctly valued for what it has, hence the strong basing pattern around 80c. it would need to find more DSO mineral to justify a higher cap.
 
Just so we're all clear I'm not saying DMM is worth $10 a share or anything,

What I am saying is that if all the criticsms people have of DMM were non-existant the stocks mkt cap would be $500m+ ie the high levels of impurities, the lower end Fe level (55%) and thus the uncertainty around the Cap Ex and Op Ex then, it is because of these uncertainties and percieved obstacles that the company's mkt cap is cheap and presents an opportunity

p.s. Gekko I didn't see that yesterday, it may be insiders, but more likely I'd think it was the Intersuisse report

Todays volume is good and will help cement 80c as supprt
 
Yep this stock is going nicely now for the last month or so, steady climbing and looks good in high 80s now, hopefully june also is a good month.

PS- I hold a lot of DMM!
 
Atma said:
atm its correctly valued for what it has, hence the strong basing pattern around 80c. it would need to find more DSO mineral to justify a higher cap.
Click to expand...
I disagree. I think it is undervalued for it's stage of development and prospectivity. The market is a forward looking beast, and it seems clear from the fundamental analysis presented here that it should have an MC much higher than it has now, it short time. Those waiting to get in when it's rerated to potetntail value abviously missout on the biggest gains that explorers experience, and that is in the 'exploration' stage, which this is in. Once economic resources are identified, companies go through financing to get to production which is normally a significant ebb. This company is still going through the discovery phase IMO, although in the very late stages. It depends on some final drilling, JORCs, and exploration potential as to what level they will reach. Here is a general guide to price movement from discovery to production. And, in regard to being in a strong basing pattern around 80 cents, it highly depends on what time frame you are talking about. Since an obvios bottom at 35, it's marched continuously to the high 80s. I don't see a basis pattern..
 

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After watching the sp activity the last few days; can someone explain the possible reasons for why you would wait till the last 30 minutes or so before driving the sp up with small buys? Not EOD price manipulation surely?

Cheers,

Kenny
 
kenny said:
After watching the sp activity the last few days; can someone explain the possible reasons for why you would wait till the last 30 minutes or so before driving the sp up with small buys? Not EOD price manipulation surely?

Cheers,

Kenny
Click to expand...

you picked up what i just saw too.
DMM closing at 0.905
that's a big jump from hovering around the 0.80, and it's racing towards $1.00 easily.

i've been watching this for a couple of weeks now, and i think YOUNG_TRADER is on the ball.
 
I still think its Intersuisse clients buying but who knows,

The funny thing is that weird triangle shape chart is still intact, which I think means it should breakout soon, which given the impending scoping study would make sense

Its approaching previos highs too
 
kenny said:
After watching the sp activity the last few days; can someone explain the possible reasons for why you would wait till the last 30 minutes or so before driving the sp up with small buys? Not EOD price manipulation surely?

Cheers,

Kenny
Click to expand...
DMM not too many ppl are trading it until now. So I am responsible for large part of trading between 90 to 91c. i.e.The ppl bought at 90c and 91c is me. I am adding up my position. I think it is going to fly very soon. Does this solve you puzzle?
 
Thanks for clearing that up, ta2693. I hope many out there follow your example

YT, I'm content for this slow drift upwards to continue as long as it needs before the breakout but I see your point.

DMMO's always seem tempting except for the lack of liquidity compared to the heads.

Cheers,

Kenny
 
Looks like the stock is getting ready for a breakout, its amazing how well that weird triangle formation has held up/played out

Very interesting that its on the verge of a breakout given the scoping study is due any day now, very very interesting

Also DMM with its 60m shares fully diluted at 90c = $54m Mkt Cap

vs SDL 2Billion shares fully diluted @ 30c = $600m Mkt Cap

DMM is still valued at 1/10th (well 1/11th really) of SDL

Slow but steady climb
 

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Good to see it hold in low 90s, at this rate looking at the price chart I think that this time next month we may be looking at it in the high 130s (?)

Just taking a stab, although I hate taking one because you never know.
 
nice to see trading volume up.

seems this stock is quite tightly held. with the scoping study on the horizon i'm looking foward to a potential re-rating and them more things too come....

i must agree with previous thought - this stock seems undervalued

runnn baby runnn
 
ans25 said:
Good to see it hold in low 90s, at this rate looking at the price chart I think that this time next month we may be looking at it in the high 130s (?)

Just taking a stab, although I hate taking one because you never know.
Click to expand...
I think the only thing you can say from the chart is that it's trending up, but how high is not indicated. I anticipate resistance around the congestion and all time high between .98 and 1.08. So, that area would be my target, for now. On the downside around .80 is probably support. You would think it should correct naturally at some point, and I anticipate this $1.00 ish area. Or, maybe it just keeps going up in a straight line till $150? LOL.
 

Hey Kenna $150 it is, at which point we can do a 1 for 1 merger with RIO :

On a serious note if it reaches all time highs pre the scoping study, wowser!!!! and we're not too far off those levels either,

Sell depth is really thining out too

A point of interest: at the close DMM's Mkt Cap was around $57m

SDL's was $740m

You do the math
 
Yeah I agree YT, if the price can reach abt 115c before the scoping study it would really good, and then when it comes out we can see some serious momentum hopefully.

So please NO SCOPING STUDY...yet!!!
 
WOW, although given everything is up today, DMM is up to 104c now... go DMM go!
At this rate, Kennas, resistance of 98-108c will be blown to smithereens, and will be seen next week, another stab.. but this is really starting to kick off.
YT when you mention the term re-rating, what exactly do you mean? Are we seeing re-rating now? Or do you think this will come after the scope study?
 
First of all, thank you YT for bringing this stock to my attention (need all the help I can get..lol)

I just read an article in todays "Australian" about SDL.

Perhaps this will rub off and draw some attention to DMM

http://www.theaustralian.news.com.au/story/0,25197,23778134-15023,00.html

Kennas, is it possible that my cup and handle prediction could come true at the current rate?

For those who want to know what a cup & handle is.

Go DMM
 

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