Friday closed at a new 12 month high on relatively good volume, so in TA terms this is looking good. When added to improving financials, apart from what Gold and copper have been doing recently, DRM is looking good.
I'm not expecting multi-bags here, but it looks sound for continued improvement SP wise with the positive quarterly just around the corner. I can't see whats not to like here, providing gold and copper do the right thing. Even if they don't, the falling $A provides some downside protection.
For me this is just a slow and steady rise as the situation of the stock improves. The new 12 month high pretty much tells us all we need to know, the stock is heading in the right direction.
DRM Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
