A few reasons why I think DRM could be a good investment:
- Price of Gold: seems to be at worst holding steady or dare I say, on an upward trajectory.
- "oversold" recently: some old stale maj SH's deciding to cash out a large % or all of their holdings, has put pressure on the sp in recent months. Now gives many of us a great buying opportunity.
- If Recent Russia/US tensions continue re Syria we may see more $ start to flock back into gold which can be seen as stock market "safe-havens" per sey- this may or may not, help DRM.
- 'Smoke Signals': 21m buy @ 33c the other day for just under $7m worth of shares, volume has been increasing, higher closes recently ie 35.5c on fri 7/4, all suggest money moving into DRM. Reminds me of what I saw occuring on WHC when it was all the way back at 38c....
- If we look at growth of Goldie's such as SBM, RSG, PRU, BDR, & Others in recent months we can see the shareholder value that those companies created for those fortunate enough to hold.
I believe in several months many of us may be pleasantly surprised what DRM shares might be worth.
GLTAH, DYOR.
DRM Price at posting:
35.5¢ Sentiment: Buy Disclosure: Held
