DRM 0.00% 33.0¢ demetallica limited

Ann: Jericho Copper Resource Expanded 62%, page-24

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  1. 5,248 Posts.
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    It occurred that at least a few shareholders read the A1M ‘gone unconditional’ announcement as a somehow “done deal”, written as if AIC pronounced that shareholders had to move to accept the hostile bad offer, . with haste even, or as if no alternative.

    Then the shareholders of course are upset & feel swindled when they investigate further, but they’ve given over their shares to A1M irreversibly. In a duped manner.
    Trying various methods and all positive & warm descriptions & terms of use for AIC , and more disparaging, minimising Jericho + without mention of anything else either in DRM. Scurrilous.

    Thankyou @eastwest101 for valuation method for Jericho - can use for the updated MRE copper tonnes, ignoring the gold and silver credits.

    Jericho resource, some years of exploration and drilling of the resource now already, and clear indication & independent analysis that Jericho is going to become much bigger.

    Minotaur / OZL done a lot of work & now Demetallica, very well- funded , continuing and have defined the resource.
    A long history to get to this stage via Minotaur Exploration (Breakaway also) & Oz and Sandfire.
    Very nice resources overall with time also.

    Silver has actually ticked up in the past weeks too.
    Always been quoted that for a true move in gold, silver has to move off its lows first.
    Copper broken through recent overhead $3.50 resistance also. (USD not quite as strong against all other currencies although still by far the strongest currency. US10 year bond yields stabilised let’s hope.)

    Last edited by Aqua65: 28/10/22
 
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