judging by the turnover, people were getting out as fast as they could.
"loyal" shareholders, are often shareholders that have paid too much
great move by drm to raise $4m at 60c per share - there was very little dilution, raised a motza, and at a mild discount to the share price
watso has noticed that some companies, seem to make placements at a fraction (yes - a fration) of the price, that the shares are trading at, on a particular day (eg - one day a stock might be 2c - and the next day, the stock is 10c - and the company manages to do a placement at 2c).... watso is aware of one stock, which when announced, was placed at 1/10 th of the days high...ok - the placement was probably organized the previous day, when the stock was running - but the placement was still done at 15% of the previous day's closing price
back to drm
watso does not hold - but it could be an interesting stock. the grades are good enough, for the ore to be sent somewhere, to be toll treated
DRM Price at posting:
70.3¢ Sentiment: None Disclosure: Not Held