IMO, DML is worth to bet stock.
1. Chart looks bottomed (changing downward trend to upward)
2. Not by just technical but fundamental reason
(Company's copper production cost is below market price;
company's desperate cost cutting efforts are working
and now fruitful)
3. Favourable world economy environment for copper
(LME Copper stock declining shows growing demand;
it will eventually lead copper price upward)
4. Rattled by debt but established copper production company
(Not start-up or only speculative mining company)
5. Debt problem is still major concern and the highest risk
to buy this company but hopefully will be sorted out.
(Without debt problem, it is almost impossible to buy at
this current level of price)
6. Best strategy: "All or nothing" approach
(Buy now at current bottom and wait till fully
recovering; Say, sell at EPS 10 cents (SP about $1.00)
or EPS 20 (SP about $2.00).
Again, it could be disastrous investment when debt problem goes into worst case scenario ("Nothing"), but if it goes right direction it will be "Winner takes all" situation.
Regards,
IMO, DML is worth to bet stock.1. Chart looks bottomed (changing...
Add to My Watchlist
What is My Watchlist?