under the light of a new dayWell...
I was out shoveling snow yesterday and missed the re-opening of trading of DME.
Of course I was disapointed when I saw the early blood bath; when I opened my computer it was trading at 1.90
But then I analysed the available facts, I un-disapointed myself.
- The Agent did the thorough DD required in such processes.
- Probably came up with a value today a little bit north of 2$
- Set the price at 1.95 and added warrants to entice buyers, many of whom will be institutional.
- Plant 1 is within weeks of being operational.
- The share price drop in this reasoning was due to panic selling
So by the time I sold something else and bought DME I was able to purchase a good chunk at 1.95.
I agree it may stagnate aroud 2$ for a little while, but there's a queue of upcoming news throughout the next few months which should take it out of this rut, namely plant 1 starting to produce, report of first sales, results on new holes (for which DME has had remarkable results) and installation of plant 2.
So at the light of a new day I'm good with my purchase.