DRM 1.80% 54.5¢ doray minerals limited

It is a hard decision... and I believe the reason its taking so...

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  1. 502 Posts.
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    It is a hard decision... and I believe the reason its taking so long is because they want to get the best possible price for shareholders and the company. They are probably getting rail road'd with low ball figures so are waiting and showing they are not desperate to sell which they are not - I believe as posted previously DRM would prefer to SELL ....A sale will give shareholders an instant share price appreciation reward (albeit .03c appreciation would amount to $14 million sale) as it will add $14 million plus to the bottom line and stop the 4 million annual care and maintenance bill - starting it back up in the current Au environment would probably send the share price down because not much has changed and for every year they keep it on C&M it will take 4 million in reality off the sale price (so 4 million already) - DRM will become a 2 mine co because that's what i believe they want but the 2nd mine will not be Andy Well IMO but be a much much better purchase similar to Mutiny takeover however this will be later down the track once the cash cow Deflector really hits its $$$cash$$$... straps producing 100k with very little capital expense to achieve this amount of production... All IMO and DYOR...
 
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Currently unlisted public company.

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