OTCQX:DMMIF - Post by User
Comment by
coquitlamon Aug 27, 2011 1:00pm
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Post# 18986195
RE: RE: 20 per oz of gold
RE: RE: 20 per oz of gold I'm still waiting for name of the gold junior mining company which is trading at lower market cap.Many investors are loosing patience and probably some are selling at this low price. I'm also long time holder, but I was also lucky to cash in last run to $11 few years ago. Loaded up again starting in 2008, and still adding when funds are available. DMM is potentially one of the best gold mining investments today on TSX. We also know that fortunately there is no hope for hostile takeover due to very large holdings by Washer and Sprott. imo DMM can multiply many times market cap and still be cheap with current gold price levels. Washer is holding more then 7 mill shares, and when stock went all the way to $11+ he sold very small position. At that time volume was very large and if he wanted to sell there was opportunity to sell much bigger position. This is telling us what he thinks how much is DMM valued. I was also told that he is not rich man and most of his wealth is in DMM stock. If they can keep anywhere between 45-50% of profits in mining agreement with Ecuador earnings are going to be great. patience and nothing else is the key here!!!