RE: RE: RE: RE: Mr Washer strategy of delaying com Not really insane. I have several greenfield juniors with a larger float and a higher share price than this even tho they are no where near production.
Like you say, with Dmm's oz's, it's potential, it's low float, and the fact it is in production of a sort, it should be $10+ right now. The fact that it is only $1.70 shows just how bad the market thinks it's situation is.
Valuation and potential is moot if the market isn't willing to buy the stock and clearly at this time the market is unwilling to buy into Dmm's story.
I've already bought mine but if I were looking now i'd be much more reluctant as IMO the situation has actually gotten worse instead of better in the last half year or so. I'd be watching but would not buy until at least one major positve milestone was passed.
The milestones being IF the Kinross deal finalizes. IF the mining amendment passes.
If Washer can prove himself to be a competent manager after all that so much the better but by his current performance I have some doubts about his abilities as a mine manger.
If the Kinross deal fails no one will look at this except maybe the Chinese and you won't want what they'd be willing to pay. I doubt Washer would either but he's getting old and may just decide to sell out and get on with the rest of his life. Even at a giveaway price his shares would set him up for life and then some so be careful what you wish for.
Better this just go to production and limp along until the govt comes to it's senses or there's a regime change IMO.