DRM 1.80% 54.5¢ doray minerals limited

DRM is in a bit of a transition at the moment from a registry...

  1. 10,813 Posts.
    lightbulb Created with Sketch. 863
    DRM is in a bit of a transition at the moment from a registry perspective so we should see a lot of volatility depending on which side has the upper hand at any point.

    I am not dismissive of TA since so many believe in it it is real. The only issue I have is when you try to use it on stocks that have had major issues like DRM. TA will work on DRM when used on data over a couple of months, but not when you use data going back to 2016.

    I think it might be another quarter until we see the full turn around of DRM. They are still working through their hedge (from memory this was around 30K oz at A$1580), Da Vinci is in an early stage and needs to be drilled more, and we still have no word on what LJ is going to do with AW. If we get to a price with a 4 in front before the end of the year I will be happy.
 
watchlist Created with Sketch. Add DRM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.