DRM 1.80% 54.5¢ doray minerals limited

Ann: Trading Halt, page-88

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  1. 2,419 Posts.
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    Talk about jawboning I notice that RMS is doing plenty of that at the moment.

    Both DRM and RMS are trading stocks and it is futile to talk about them as long term investments at this stage, leave alone points that really relate to investment grade mentality. Maybe, and that is a big Maybe, they might turn into investments one day; but that will take plenty of work and some additional high quality acquisitions on top of a much more favourable POG.

    RMS has gone from 74c down to a low of 32c within a year. Just like DRM it has recently had a bump up in SP over the past 2 months............. good trading stock if one gets in low enough. That is really my main point...... one needs to adopt a trader's approach and not an investor's approach when it comes to these types of speculations. Jawboning as you call it, or as I like to call it, 'selling a story' is all part of the environment at this part of the market. Just be wary not to trade-in the milk cow for a magic beans story.

    RMS has 3 producing mines as you say, but don't ignore that one is only a small mine and the other is a potential money pit. The EVN Board must have been doing cart wheels of excitement after dumping Edna May plus get such a good sales deal in the process. I'm still shaking my head about that deal.

    Cheers
 
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Currently unlisted public company.

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