I bought DRM at 17.5 cents - it was definitely worth it then...

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21/02/18

23:32

Post #: 31239859
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Originally posted by eshmun ↑

How can I be on a losing path, I don't hold any of this stock, never have and likely never will.

It might turn out like the run BDR had with their 19cent raising that led investors up and down the garden path while the brokers churned away the stock and made a fortune. The difference being that the BDR raising coincided with a period of support in the sector. I called that baloney on BDR from the start of the rot and on that raising and look where that stock price is now (p.s. BDR at 12cents is probably a better bet than DRM at 32cents IMO if you like buying laggard gold companies).

The price of this stock doesn't factor in its real risk. I've followed it on HC for quite sometime so don't accuse me of not researching it. I'm the one who raised doubts about their debt position only days before this current raising and I'm the lone wolf who called the risks in the development/commissioning stage and called it right. Many of the ex-shareholders are long gone now, never to return. It's only a small batch of ill informed speculators who think they can pick bottoms and rusted on fanatics that remain here heralding LJ's ever utterance but they can't see that they've already been played, as behind the scenes he was running around cap in hand to the brokers bordellos. Some of the worst mistakes you can make are when you don the rose tinted glasses. I see the risk in this stock so I'll never lose money on it. As I said I've got my criteria for investing in miners, developers and explorers and in each class I allocate vastly different weightings in my portfolio. A gold producer needs to be competitive with its peers before I'll put it in my portfolio, not just clinging on. If RMS ever make it to $1 and I've elected to hold it all the way up I'll be buying a house in Perth's western suburbs with the proceeds. Can you honestly say you have the confidence to be backing DRM to the same tune? But thanks for the advice. Esh

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I bought DRM at 17.5 cents - it was definitely worth it then IMO. I'm now thinking whether to exit.

DRM Price at posting: 32.0¢ Sentiment: Hold Disclosure: Held
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I bought DRM at 17.5 cents - it was definitely worth it then...

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