Where to From Here

Thought I might start a new thread focusing on what lies in front rather than what lies behind. Can I start by saying I’ve done this long enough now to now that one should never argue with the market, so please don’t interpret this post as me saying the market is wrong.

The market is the market and always will be. Based on today’s price action, DDD likely will need a while to form a base and probably also needs the price of gold to base and drift higher etc. Sentiment is against there’s no doubt about it. But, let’s put this in perspective.

Anyone who knows the project knows that these targets were definitely not the priority targets but were the ones that already had approval. Granted maybe the company should have just waited for the A grade targets to receive drilling approval. They do now have approval for these targets. So I’d expect them to commence drilling these targets soon. But remember, DDD was never an exploration play. As I stated in my previous update a few weeks ago, yes we want to expand the resource, but if this didn’t happen, what they have is an advanced project that could produce 30,000 Oz pa for 5-6 years.

And the start up cost is $5-6 mil. They will easily expand the resource by the way, it’s only a matter of by how much. This is undeniably an over reaction, but as I said the market is the market. It’s prone to over reactions. My post is not about whether the market is right or wrong but really just to say to those still holding DDD that you make real money in this game by analysing information in an unbiased and methodical way. These results will have zero bearing on this project and it’s potential. Don’t allow the mob reaction to blur this vision. Bad day for DDD but better times lie ahead for those who see the vision.