DRM 1.80% 54.5¢ doray minerals limited

Ann: Trading Halt, page-63

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  1. 11,185 Posts.
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    Problem is that Deflector is a dud and you can’t value it over 4 or 20 years. You just have to look at the patchy grade distribution. Far too risky when companies start down the “high grading” route and don’t tell investors. Da Vinci should be the cream not the saviour. I’d rather buy a mine than a story about a mine and one mine companies are far to dangerous. What happens if Deflector turns into an AW. Where would that leave the share price. People here are carrying on as if a few months of production statistics proven this UG mine. The only thing that hasn’t been proven is that it needs more cash and that the company are in the major jawbones league....and why did they feel compelled to put out monthly figures. To ramp the price before the capital raising that’s why. At least they got that right for shareholders. Pity the clients of the brokers that will stump up the $25 million though IMO.Esh
 
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Currently unlisted public company.

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