Introduction to DRM for MYG shareholders, page-7

  1. 984 Posts.
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    @ashburner - I noticed in your posts that you had invested in MYG even prior to its listing as part of a nest egg. In my humble opinion, it is very easy to get attached to a stock and we are all guilty of it, from time to time.

    As much as I am a fan of DRM right now, the time might come (many more years later IMO) when DRM itself might need to be sold, if the gold sector becomes overvalued. Permanently holding a stock for 10 years or more might not be the best idea, and especially if it is a small / micro cap stock.

    From what I see of the MYG charts, MYG high some years back seems to be around 17.5 c and MYG has now moved on to DRM at around 1/3rd of that price. This fall is still miles ahead compared to the share price fall of many gold companies in % terms, and considering that some companies go into admin in a severe bear market. So maybe, things are not that bad after all and especially considering that DRM itself has so much scope for a much better valuation.

    Anyway, all the very best with your new DRM investment and hope that you make a very good profit in coming years. Take care.
 
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Currently unlisted public company.

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