Ann: High-Grade Drill Results at Da Vinci, page-60

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26/08/18

11:03

Post #: 35185280
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Originally posted by flaming ↑

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@kyngdominion

I would buy back some but not all of my allocation, just for a trade. I am a bargain hunter and I don't consider DRM share prices a bargain at this level (all in comparison with some superior peers).
My assessment is based on the share price of those superior peers right now. If those superior peers run faster and harder than DRM( which I think they will all things being equal in the gold market)
then I will sell them and put that money to work in DRM. I like DRM and I strongly believe there is money to be made here......but for the moment I like those superior peers more based on share price.

The brutal take down in the last few weeks have created extra ordinary opportunities in the mining sector.
Some were thrashed indiscriminately and totally unjustified. The fundamentals and the health of some of those companies have never been better. Putting in straight words those miners are in a position today where I think DRM will be in the next 3-4 years.(Assuming everything going well with DRM operation during that time). They are trading at a lower Enterprise Value compared to DRM.

I am fully aware that my assessment could be wrong and will never get a chance to fully buy back in DRM.
I am still happy as DRM made me some money. I was hoping and wishing more but that is all the Godfather's could spare. These Godfather's can do unbelievable things at times, like the last take down from 0.385 to 0.30

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Usually after a certain degree of take downs their is usually a follow of a massive pump up and to keep sustaining that pump up.

DRM Price at posting: 34.5¢ Sentiment: Buy Disclosure: Held
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Add DRM (ASX) to my watchlist

Ann: High-Grade Drill Results at Da Vinci, page-60

Top Stories

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Sales growth pushes Lovisa's fortunes (and shares) upwards

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Scientific conference spotlights PYC's work on blindness disease treatment