DRM 1.80% 54.5¢ doray minerals limited

Ann: Silver Lake and Doray Merger Presentation, page-106

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  1. 263 Posts.
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    Patience is needed being invested in DRM as other gold companies are benefiting from a rising GP.
    Even with good news the SP won't materially move until post merger and the March quarterly due in April. The market will then re-rate a 240,000 plus ounce producer with a lowering ASIC.
    The better the forthcoming news from both companies on the exploration front and achieving targets the higher the re-rate.
    For a while we can look forward to the pending announcements but will have to wait for value.
 
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Currently unlisted public company.

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