DVP Technical Analysis, page-2533

If the SP was sht because of sht metal prices (2022-2023), fair enough you can claim "victim of metal price". But with Copper at 15-month highs and even nasty explorers run by life-style mobs trending up what's the excuse now? Even 29M with their flooded mess moved up since Feb. Blame it on MINres stock overhang? Come on, face it the stock is not in demand like what it used to be. The next question is why?

NST (held) "Business first, mining company second" - pours gold, pays dividends, SP growth. Paulsens acquisition to first dividend 27 months (July 2010 - Sep 2012).

DVP "Producing Potential" - so far ESS acquisition has been a disaster for both ESS holders and old VXR holders like myself. You can say hindsight etc, but that move looked desperate and destroyed $1 in value - which is confirmed by MINres $2 sale.WL still 10 to 15 months away from production, after what was touted as a low cost 18-month turnaround. Mining services $175M revenue? At 8% margin means $14M cash inflows assuming all goes well. You can forget about dividends for the foreseeable future.

Read the AFR article (24-March) "Mining rock stars Beament and Finlayson face their reinvention tests". The divergent paths taken by Bill Beament and Raleigh Finlayson over the past two years sum up Australian mining’s green transition. Who’s on the right track?

The two horse race so far:


Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning...