Datamotion Asia Limited Stock: DMN Price: .4c Target: 1c...

Datamotion Asia Limited



Stock: DMN Price: .4c Target: 1c


www.keafunds.com.au

The company recently announced that the program of works for the Mt Barrett Project had been approved by the Department of Mines and Petroleum. 900m of drilling is scheduled to commence on the M12 Mt Weld Style Rare Earth target, on the 18th April 2011. The trading in the stock of late has also instilled some confidence, with several on-market buys upwards of 50 million stock in one hit. With an undiluted market cap of only $14 million, should the company report significant rare earth intercepts, a substantial re-rating can be expected. For those looking for more leverage, the options DMNOC may be interesting to look at. With an excercise price of .5c and an expiry of 2013, should the heads get upwards of 1c, the options could potentially be 4 or 5 baggers short term.