Just done a search on our friend graham. Seems he is a disguntled DIO loser...
Here's his post from a while back...
I was with DIO for years , the stock is overvalued in my book ; good for disappointments ;especially the options (17.5c.payable), they are not in the money and anyone who says so is rampin. Frogs Leg was built only on speculation on Goldfields ground next door ; DIO was looking for 1.1m oz ; but ended with ONLY 0.75m oz.;with only small portion ok for surface mining , this is not going to be low cost operation . DIO has alot of script on issue , in fact a huge amount ; so if you are looking at this stock ;you are just plain blind ; not seeing the better stocks around.......
Quite inaccurate as it turns out. The following is clipped from a company report. Note that this only refers to Frogs leg. There are further resources within mungari that are yet to be fully delieated...
* Sensitivity studies indicate the inferred resources could add up to 8% to the cashflow, and a gold price of A$600 could add up to 19% to the projected cashflow.
* The total resource at Frog's Leg remains 786,000 ounces and is open at depth and along strike.
DIO Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held