First and foremost all things relating to a stock help build a picture of where the stock is in relation to its business fundamentals. Every piece of information helps the investor make an informed decision on the Business. its not just about a chart or a single ann or the lady at the top of the hill in Botswana did a ritual so thats why the SP went up.
I have gained a very valuable lesson with DML, Read the books properly and dont fall into the trap of market speculation and hype. I brought in @ 68c and have traded my position down to about 10c ATM. I am not happy with the exposure to risk at this present time, but when i sat back and looked at the reasoning of buying into DML i am somewhat relieved.
The point is i brought the Business not the SP, if i brought the SP and not the business IMO that is dumb. I went in with knowledge at the time that has not changed to this day,
They have alot of copper in the ground with a functioning mine on top pulling it out of the ground. everything else is small 6 month to 12 month speculation. Management want to make money and when they do that's when the SP will rocket until then focus Investors can sit back with our holdings for 5 plus years and know that the mine has 20 plus operating years to turn it around.
If Dml Survives this debt problem it will be a small bump on the SP chart in 20 years time that is something you should be looking into how long will dml be around and will i make money out of this business in the future. If you can detract yourself from the hype ATM and look at the bigger picture its a very positive one for dml.
Buy the business not the SP and Market speculation, if the business is good then Mr Market will change his tune soon enough.
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