DRM 1.80% 54.5¢ doray minerals limited

Ann: Silver Lake and Doray Merger Presentation, page-85

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  1. 263 Posts.
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    It's over 44M shares in one cross trade which means it's a transfer of ownership, could be between affiliated companies. Shouldn't impact the share price.
    It would be different if 44M shares were being liquidated on the open market.
    It's unfortunate that DRM isn't participating in the rising gold price however nothing has changed to Doray's potential, the timing of the merger scheduled for March is holding back the re-rate for the merged entity. So far both companies have announced good exploration results.
    Selling DRM now and buying other gold companies probably offers greater upside right now. Holding means the upside is down the track.
 
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Currently unlisted public company.

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