DRM 1.80% 54.5¢ doray minerals limited

Ann: Trading Halt, page-65

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  1. 10,813 Posts.
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    Well that is gold mining for you. I think everyone knows DRM is a speculative company and that there is significant risk of something going wrong (anytime you are underground and have a single mine there is risk). All of this risk is built into the SP.

    What I am more concerned about is was the investor fear overblown six months ago and does the current management appear competent. The answer to both of these appears to be yes and as long as we have continued slow and steady improvement and have a little luck with Da Vinci and the gold price, then all will be good from my perspective.

    I am neutral on the CR. The price is OK and over the time frame I am looking to be invested in DRM it will all be ancient history. I might not make as much as I might have had if everything goes smoothly, but I have avoided some of the downside risk if things don't.
 
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Currently unlisted public company.

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