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33.0¢ demetallica limited

DRM Chart Discussion - 17 January 2016, page-60

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Fangk

2,569 Posts.

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05/02/16

15:08

Post #: 16952166
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Originally posted by nordesmic ↑

I don't want to cross post too much fangk but brief thoughts.

PRU is a stock I like because it has extreme leverage to the gold price. It is because it is high cost it is desirable in a rising market. This is sort of counter-intuitive but high costs are a good thing because the market places very little value on its mine currently (it also holds a lot of cash). It recently had a poor quarterly result and now I am less enthusiastic. RSG is a stock that is in a better position in the next 6 months and I have transferred more into RSG from PRU recently.

I've posted a lot of more detailed thoughts on the PRU forum over the past 18 months if you want to have a look.

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Good points Nordesmic. Yeah let's stop here regarding other stocks. It has been pleasure to read your posts Cheers

DRM Price at posting: 70.0¢ Sentiment: Hold Disclosure: Held
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