DRM demetallica limited

Ann: Change in substantial holding, page-6

  1. 2,472 Posts.
    lightbulb Created with Sketch. 1930
    I tend to agree - I started buying today at 0.195c - This has been hit hard - reminds of KCN when they lost Chatree however DRM still have a profitable mine in Deflector and IMO it was a wise decision to put AW on care and maintenance if the AISC was so high only to break even. Gnaweeda should eventually be processed through the AW plant as a satellite mine. Deflector at FY18 guidance of $1250 while higher than I would have liked is still OK. Im expecting a very good announcement soon on the Northern extension drilling at Deflector and as stated if successful this will be a significant discovery. As posted before with the Double top in gold and the recent confirmation breaking 1270 there could be more pressure on the share price if the gold price breaks below $1200.00 but Ill be buying more while under 20c - Ruffers website is a good read they are not dills. Not a good time to be buying speculative gold stocks but I have been successful in the past by buying when there are no buyers and selling when there are an abundance of buyers - hope it works this time GLTA Holders
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.