DRM 0.00% 33.0¢ demetallica limited

Great great news. Just what I was waiting to hear patiently....

  1. 950 Posts.
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    Great great news.

    Just what I was waiting to hear patiently. Been few months now.
    As they say just what the doctor ordered.

    And a big thank you to the big boys & girls who were playing games here for quite a while.
    You sharks did a great favour to me.
    I can't thank you enough letting me pick up all the way down to as low as 29c.
    Although I did picked up some at 27c before the previous quarterly report.
    Thank you Thank you Thank you.

    Now DRM guidance is roughly 95-100K ounces(including copper credits, we got a bit of copper play here as well which is rising, currently AUD $9600/tonne) at a AISC cost of 1100 roughly. Very nice.
    Roughly $40-50 million net profit a year for a market cap of roughly $ 120 million ( Cash & Debt Reconciled)
    Andy Well Re-start or Sell a bonus.

    All that means to me very little downside...in fact there is no reason to sell at 30c unless one is playing that scary game. I have to be a little more patient to see 40c+ at which point I will start selling some, although I believe DRM will see 5 handle if this today's announcement come to fruition.
    A good quarterly report is on the way..........I think it will see 4 handle after the release of the June quarterly report.


    I can hear chi ching chi ching $$$$$$$.

    Don't be fooled in selling cheaply or too early.
    My biggest mistake have been almost always selling too early and of course some selling too late.

    All the best guys
 
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