I don't trade chart momentum on my gold miners unless I see the value proposition. That's just one of my rules, call me stupid. The value of DRM is being stretched currently on incomplete information in my opinion.
I'll wait and see how much cash they have actually generated this quarter before starting to give this company the tick of approval. Also before anyone jumps to conclusions on the report, remember the second $10 million tranche of the CR came into the company's treasury in mid-April during this quarter (so remember to factor that in when passing judgments on performance).
And no I can't honestly say the sophisticated investors are dumping but I've been in markets long enough to know they get a free kick on entry, most of the time, and the local brokers aren't exactly known to bring cornerstone investors to these parties. Esh
DRM Price at posting:
36.0¢ Sentiment: None Disclosure: Not Held