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54.5¢ doray minerals limited

Ann: High-Grade Drill Results at Da Vinci, page-18

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16/08/18

12:05

Post #: 34975344
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Originally posted by flaming ↑

I think Gold has destroyed all the momentum.

I couldn't hold on to this. This was the only gold stock showing me profit.
I had to take it.
The last belting from 38.5 to 30 was brutal. Gave away a lot of profit. I mean a lot. Profits are so hard to come by.
I was hoping & wishing DRM would go over 40c. Now looks very unlikely until gold rebounds.
Will try to live to fight another day.
The company seem to be in good hands but the gold market is extremely difficult now.
I just don't want to hold this to 30c again or below.
Times like this the good will be thrown with the bad.

Right now bleeding heavily on other gold stocks.
Difficult .....I have seen this so many times.....yet it is always difficult to deal when it is ongoing....as we don't know where will it stop or turnaround. Or whether it will turn around.
Everything points to a higher gold price ...but the price keeps going down.
I'll have to get my whole investment thesis reviewed.
It is hard to stay bullish on Gold now.

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I understand that @flaming and it is your choice. I doubt DRM's SP will go below .33c as we are within the upward ascending channel and that's where the current higher low is at and DRM's SP performance is outpacing the gold price because of a lower value AUD currency.

DRM Price at posting: 35.0¢ Sentiment: Buy Disclosure: Held
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