DML 0.00% 1.9¢ discovery metals limited

Price movements,The recent correction in price fromm A$1.30 to...

  1. 343 Posts.
    Price movements,

    The recent correction in price fromm A$1.30 to A$1.15 I fully expected. The share has moved up significantly in the last coiple of months and it is only normal that many will take profits.

    I do not fault D&D in any way, they do not provide short term trading tips but a fundumental analysis of miners that have great longer term prospects.

    If I were not allready holding enough shares, then at A$1.10 I probably would be looking to get in. Key funding news is due to come out in the not too distant future and that will fully derisk the Besoto project. Larger mining funds etc will then be looking to get into DML and we may also going forward be getting some positive exploration news. I do not see it as chance that both DML and Hana have allready proven up economic deposits.

    Be sure that the large mining majors will be looking to get into African copper assets.

    BR
    Max
 
watchlist Created with Sketch. Add DML (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.