Australia's largest stock trading and investment forum Australia's #1 stock forum

DRM

Click for more information

0.00%

33.0¢ demetallica limited

Good points Nordesmic. Yeah let's stop here regarding other...

First 60 Last

Share
Profile

Follow
Fangk

2,569 Posts.

303

05/02/16

15:08

Post #: 16952166
Share

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.

Expand

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
2 Upvote

0 Great analysis

Reply

Top Stories

YAL

Yancoal makes it into the ASX200 in latest S&P rebalance

GDC

Global Data Centres not clear on future operations after AirTrunk sale payout

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

CNB

Carnaby Resources hits copper at Mohawk, QLD

CBL

Control Bionics expands into UK and Irish markets with NeuroNode device

There are more pages in this discussion • 7 more messages in this thread...

First 60 Last

Add DRM (ASX) to my watchlist