DRM 0.00% 33.0¢ demetallica limited

Ann: Doray Announce Significantly Improved Life of Mine Plan, page-41

  1. 12,259 Posts.
    lightbulb Created with Sketch. 3833
    It makes a lot of sense to compare DRM to BDR in my opinion. Both have had a series of large capital raisings to support mine plans that haven't paid for themselves. In fact relative to their production profiles BDR's two $50 million raising were smaller than DRM's two $25 million raisings. Both companies have also got a reputation for publishing AISC guidance that are not lived up to or don't seem to reconcile with their cash positions.

    I have a lot of respect for you @flaming but I will note you bought the hot air at Beadall and are swallowing the hot air coming out of Deflector. Yes you may have got lucky. Value here is obviously stretched on a fair balance of all considerations and against peer comparisons IMO. I suspect distribution from the 28cents raising is now well and truly underway but I can't prove it. Need some broker data. Esh
    Last edited by eshmun: 23/07/18
 
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.