Patience is needed being invested in DRM as other gold companies are benefiting from a rising GP.
Even with good news the SP won't materially move until post merger and the March quarterly due in April. The market will then re-rate a 240,000 plus ounce producer with a lowering ASIC.
The better the forthcoming news from both companies on the exploration front and achieving targets the higher the re-rate.
For a while we can look forward to the pending announcements but will have to wait for value.
DRM Price at posting:
36.0¢ Sentiment: Hold Disclosure: Held