Savalan perhaps you could read my earlier posts on DTM a few months ago when I first observed the hidden accumulation. Was also in this company before and so kept it on my watch list knowing the assets they had and with a new board I have been impressed with their background and hunger to perform. It was just a matter of timing given the stock is still well held by prominent people and management have a lot of skin in the game.
Make no mistake this is still in its infancy and is a penny stock and I only invest what I am prepared to lose. You have to do your own research, its your money.
It is now in a position to develop some of its assets on a rising market instead of a falling market by virtue of lithium. It has a world class resource of molybdenum where price is low in the current trading cycle but showing green shoots. When they were trying to develop it, the price of molybdenum crashed, just like iron ore. It is still very much a complimentary good to iron ore in steel manufacture. DTM hold a lot of ground that is also prospective for precious metals. The lithium should assist the bringing on stream of their other assets in due course. The only way for DTM to go is up from the lows it has endured. They now have some money in the bank from the recent capital raising and the share price has not dropped back to near or below the capital raising price where a few of us hoped to top up. Dare say a fair bit of speculative demand at the moment, but it appears the plans of management are gaining momentum and the story is now out. So a bird in the hand is worth two in the bush. Won't complain.
What price? Depends on your trading style or how many years down the track. Was in early with NST . Look at it now. Happy to protect my core holding and trade the fluctuations at this point in time. It has the hallmarks of a multi-bagger based on MC and assets in the short term. Normally when a lot of traders start mentioning price it is a signal the smart money are still exiting the trade after a run. Too early for that yet, but beware. Can't nominate a price and believe the charts are self-fulfilling with penny stocks for those that use support and resistance. Buggers me how logically a new product such as lithium can be equated with a past and different regimen, even a new board that determined old support and resistance. It is what it is. So I feel stable price is yet to be determined but will depend on the quality and prospective quantity of lithium samples at this stage. Later on porphyries will hit their straps.
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Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $4.845M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $2.893K | 263K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1481468 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 916666 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 83000 | 0.006 |
5 | 1720000 | 0.005 |
9 | 6290000 | 0.004 |
4 | 8333650 | 0.003 |
2 | 3250000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 2707993 | 5 |
0.008 | 3026052 | 11 |
0.009 | 3246810 | 4 |
0.010 | 1919968 | 2 |
0.011 | 500000 | 1 |
Last trade - 14.11pm 15/11/2024 (20 minute delay) ? |
DTM (ASX) Chart |