the current state.

- Mt Barrett M12 resource, very similar (DYOR) to Mt Weld, owned by LYC
- free carrying ORO 30%
- drilling commenced 3 weeks ago

189 buyers for 323,483,358 units
208 sellers for 565,238,379 units

Buy line: 180 million @ 0.2c
Sell line: 128 million @ 0.3c, 218 million @ 0.4c

It's a sad state of affairs looking at the buy/sell lines. I believe there is a lack of confidence in the Mt Barrett project, so much so, that people are looking to jump ship.

Last month or two has hit very hard on all of my holdings, so this could take a bit of the blame.

Something like 1/3rd of the total shares on issue are currently on the market. This is worrying.

A reminder of DMN's holdings:
- 100% ownership of Universal Rare Earths Pty Ltd (URE)
- URE holds 3 joint ventures with ORO
- Mt Barrett - WA - Rare Earth Elements (REE)
- Moruya - NSW - Gold
- Pambula - NSW - Gold
- Asia-Pacific distributor for SecureMail - http://www.datamotion.com/Products/SecureMail.aspx
- Data inCrypt (ownership?) - www.data-incrypt.com
- Synergy Business Solutions - www.synergyaustralia.com
- Market capital ~11 million, 3.69 billion shares
- $1.664m cash on hand @ 31/12/2011

Shareprice keeps tipping to 0.2c by people selling up.

~1.4 billion shares traded since April 14th 2011, not a lot of volume in the past few weeks.


Most followers are expecting an announcement today/this week. I for one am not as hopeful, and am thinking DMN will push the announcement until they have some more concrete evidence.

I continue to ask everyone to DYOR, and pay particular attention to the risk associated with the Mt Barrett project.

My fingers remain crossed that this stale period will soon break once the drilled materials are tested and assay results are announced.