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54.5¢ doray minerals limited

Ann: Incident at Deflector, page-37

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09/08/18

15:07

Post #: 34835358
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Originally posted by ozblue ↑

No-one injured is the important aspect IMHO. All safety precautions worked, so we had a fire on a machine that appears to have been handled very professionally.

Volume yesterday was up as well as share price during the day, so anyone selling with knowledge of 'the incident' easily found a buyer.
Early today there has been some minor selling reducing price a bit, but no major panic selling.

IMHO the next announcement will probably be along the lines of all mining re-starting, going ahead and mill production not affected. This type of announcement will push the SP higher (IMHO).

There seems to be a lot of buyers just below current price hoping for a bargain, perhaps they will get filled if enough panic, but personally see no need to panic, we are only back to the price of 2-3 days ago.

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Based on today’s quite considerable consolidated volume, it is a very strong signal that the bulls are in control albeit the slight consolidation in the SP, i see DRM heading higher after today. IMO The minor fire incident at deflector reflect the slight decline in SP, so to me that means everything will be up and going very quickly. Good luck DRM and LJ.

DRM Price at posting: 34.5¢ Sentiment: Buy Disclosure: Held
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