OTCQX:DMMIF - Post by User
Comment by
goindwnon Nov 15, 2011 8:06pm
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Post# 19240108
RE: RE: RE: RE: 3rd qtr results .........
RE: RE: RE: RE: 3rd qtr results ........."Show me another company with a similar share structure, the asset base and operational capacity, with the ability to self-fund without diluting shareholders, and I'll go tread water with that company too. No life boat required here."
Check out GOZ and go tread my friend. In all seriousness though, the problem with comparisons is that there aren't any. The reason I say this is because no other firms have to deal with the Ecuador factor. I have spent some time studying this factor and will share with you my findings: it behaves randomly for some time with a downward bias, but ultimately behaves as a Boolean multiplier. In other words, ultimately we either get a deal or we don't. There are no in-betweens. If we land a deal we can then have an enjoyable discussion regarding peer comparables and other valuation metrics, if we don't get a deal we kiss our investment goodbye. In the very long interim, the ticking sound of opportunity cost gets louder and louder.