I similarly like the gold intercepts here. Doray has some mines with high grades, some of the highest in Australia. For some reason, they have managed to bungle the operations and hence lost confidence in the investor community. I am only sticking around because I had been buying from $1 all the way down to 18c or so, and I can see that they are able to replenish their reserves with good grades as well. Perhaps things are going to turn around as the previously disappointed investors realise that there is significant value with this previously beaten up dog.
Sometimes the best investments are the ones that were so bad it became good. Doray, Red 5 and Kingsrose are three that fall into this category, in my view.
DRM Price at posting:
31.0¢ Sentiment: Buy Disclosure: Not Held