2.
New Management/revised board:
Juan Pablo Vargas de la Vega (JP) and Raymond Liu
have something to prove I believe.
JP as I understand has got friends AND family in on DMI.
Add this to the fact he quit a well paying job to do this.
He won't confirm this but, I believe JP have been planning and researching this a lot longer then before Sept. last year.
Many people and companies have looked at every Salar in ARG and grabbed what they could. I think JP speaking/reading Spanish and talking to locals gave him great insight into Hombre Muerto. He researched it better then NON-nationals.
Don't forget...
JP has a... Master's Degree, Economics, MSc Mineral Economics.
-He's one of the best Lithium analyst is Australia.
-He's been talking to every Lithium company the past 2-3 years...
-and going to every Lithium convention in Aust and ARG the past few years.
He has a unique advantage over EVERYONE else in both Australia and ARG.
He can look for and see other things, someone might have missed.
This is what I and others believe he's done with Candelas.
The board via a 12% holding is backing him.
Plus, Clive Jones a experienced director/MD will be helping JP at every turn for no other reason then to look after his 7% investment!
I must admit, a 7% DMI investment is a big deal. Normally these guys just have small % and take as many fees as possible...here they all have large pieces of stock!
I can't stress how unique it is to have the MD/director in-country for the next 6-12 months...
this is the key to fast tracking and getting thing done right.
I'd also say it gives DMI an advantage in possible DEALS that may come up...they can be checked out faster and done in person if needed.
The local pubs is where all the chatter is and JP will make his rounds I assume.
His #1 priority is DRILLING/JORC and that's his total focus.
I'll call it now...
Raymond as the largest shareholder will work very hard to pull out a solid deal for DMI shareholders. With 14% of the company...he has more reason than anyone.
Being based in HK and speaking Mandarin is another major plus.
With AGY...we had to "send in" a team. They got paid on any deal...maybe not the BEST deal.
You can bet that Raymond will only take the best deal and what's good for maximum shareholder value!
I don't think it will be hard...once word spreads that DMI has a large chuck of Hombre Muerto (the BEST salar in ARG.) they'll come running.
I don't thing we even have to wait for a JORC. Drilling results should be enough to start the rush.
With more land and a possible JORC of 1M-3M...the POSCO 280 Million U.S deal is the floor...which is a 10 bagger from here. Remember, there's no more pieces of Hombre Muerto left and I can't see the Chinese not wanting a piece of the BEST in ARG.
I've meet JP and keep in contact.
There's nothing but a sincere, hard-working guy running this.
Again, I've asked some hard questions and he's explained everything in detail.
There's passion there...rare is that in a ASX junior manager.
I've yet to hear anyone say a bad word about him. I'm investing in JP, not DMI.
I think I have a winner.
I've now done 3/12...I believe by the time I'm done #12...
DMI will be at $1+...that's only a 4 bagger from here.
IMO
DYOR
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Last
12.3¢ |
Change
0.003(2.08%) |
Mkt cap ! $60.50M |
Open | High | Low | Value | Volume |
12.5¢ | 12.5¢ | 12.0¢ | $664.1K | 5.317M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
29 | 1954035 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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12.5¢ | 245130 | 9 |
View Market Depth
No. | Vol. | Price($) |
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1 | 50000 | 0.115 |
7 | 472031 | 0.110 |
11 | 947628 | 0.105 |
25 | 1490999 | 0.100 |
2 | 20000 | 0.099 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 1573785 | 9 |
0.130 | 254710 | 7 |
0.135 | 293280 | 3 |
0.140 | 225541 | 3 |
0.145 | 344396 | 6 |
Last trade - 12.58pm 03/12/2024 (20 minute delay) ? |
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