DOM dominion mining limited

safer than the banks, page-65

  1. nk
    3,203 Posts.
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    hey humms I was a way for a week, just got back . got my divvie check and discovered I can now buy more DOM tomorrow cheap!

    These guys are making massive cash flow right now. At the same time many juniors are desperate for cash.DOM has always been loath to waste money buying ounces when they find them so cheap at Challenger anyway, but in the current enviroment DOM is best placed to be part of the industry consolidation.

    Something to consider is that as gold strengthens the amount of payable gold increases. Low grade stuff which wasn't worth mining at AUS$800 becomes profitable at AUS$1200. DOM would still use that $800 figure ( or less) in planning mine development right now

    I see that every time DOM price retreats the usual suspects come out calling for the impending price collapse and then as DOM gathers strength they disappear.Kinda of like jellyfish the tide brings in and dumps on the shore and then sucks back out again( sorry guys!)never to be seen again

    In fact what the jellyfish don't realise is that this is the early birth contractions of one of the biggest gold bull markets in history and DOM is a cornerstone gold stock for me

    Other goldies I own may outperform DOM , but I always spread my bets , gives me peace of mind .

    enjoy the ride ahead man!
 
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