I wouldn't lose faith in DKM just yet, but I feel I can explain...

I wouldn't lose faith in DKM just yet, but I feel I can explain the changes pretty simply.

SC holds 12.2% of E25, which is near production. To CR would dilute him right before it re-rates to well over $1

E25 has been selling off shares in all of the companies in the SC folder, some it looks are going to him.

It's all a little dodgey to me that he is able to use these companies to invest in each other but it seems to be in all their benefit so far.

I would have preferred to see E25 bankroll the new mine with a full CR and keep DNK as a long term interest but at the same time, DNK is still a long way from anything interesting.


Overall I would say SC know more than we do and he is holding 3% of both DNK ($3.2M) and DKM ($0.8M) suggesting good faith in DNK at least and a punt on DKM (else he would throw more on it). He holds 1.5% of BUX ($0.1M) so I wouldn't touch that with someone else's hand and a whopping 12.2% in E25 ($5.18M).

In summary, E25 has the highest short to mid-term potential.

I would suggest that once E25 is in production and SP has stabilized, DNK and maybe DKM will have some big movement (after SC has invested a little more of course).