The 86.5c-87c buy back prices for the day are consistent with the broker avoiding the open and closing auctions.
511k shares bought back to levels in early August when the SP was around 80c.
The short term SP drivers are the Dividend-ex date now passed- apparent demand for mining contractors and the macro. IMHO.
Longer term- I reckon it could come down to the performance of the gold sector. DDH1 derives 42% of revenue from the gold sector and 8% from gold/copper. We know that 87% of revenue comes from producers- so little exposure to explorers. Other mining contractors list project involvement in their websites- but not DDH1. It would be nice to know that their clients have low AISCs if that is the case. If they did give project and client information that would be appreciated by this little black duck.
IMHO DYOR
Add to My Watchlist
What is My Watchlist?