Ann: North American Investor Presentation - September 2018, page-21

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04/10/18

21:34

Post #: 36003049
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Originally posted by eshmun ↑

Just watched the Denver presentation.

Interesting if you watch at the end of the talk (during the question and answer period) when an audience member asks about historical resource to reserve conversion ratios at Deflector. No actual answer is given. Most chiefs of mining companies will know this number as its an important number.

Also how can the company crow so proudly about it having turned the corner by paying off debt when much of the debt was paid off by the recent capital raising, not mine performance. Still also stating that it will take until the end of the year to remove the remaining $10 million of debt off the balance sheet.

It was also clear from that presentation that the target is currently 85kozs of annual production at the moment, not 100kozs, although listening to the presentation one could easily be led to believe the company has already been producing at this level for a long while.

We will see how these low AISC and production guidance numbers transform into cold hard profit soon enough. With the exploration spend, C&M spend on Andy Well and managment costs they better perform to a level that matches all the jawboning.Esh

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Esh I think you are being a bit harsh on LJ. He has done a very good job getting DRM back on track. The 100K oz is a target they are working towards and I am glad to see a MD put his credibility on the line and say where he expects to be in the future. I wish more were willing to do this.

I am happy to hold at the current price as I think there is more upside to come.

DRM Price at posting: 34.5¢ Sentiment: Buy Disclosure: Held
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Ann: North American Investor Presentation - September 2018, page-21

Top Stories

Scientific conference spotlights PYC's work on blindness disease treatment

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Sales growth pushes Lovisa's fortunes (and shares) upwards

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M