Post by
Jimmycash on Jan 10, 2021 9:11pm
Not your typical Junior....only 12% held by retail
Because this stock is held by 88% long term holders, price does not move like normal juniors. This will move more on news then speculation...IMO...The fact that the mine is surrouded, literally, by Hecla Mining whom is maintaining their 10% holdings by participating in all offerings to date, tells me they are waiting for DV to do the prospecting then figure out a take out offer.
Re: DV website
Notable and Major Shareholders
Institutional 50% - US Global Investors - Sprott Asset Management - Ingalls and Snyder Brokerage Accounts Hecla Canada 11% Eric Sprott 19.9% Management & Consultants 5% Retail 12%
Comment by
mcintma on Jan 11, 2021 2:21pm
Who knows, maybe HL is driving down price to do a takeover. Would be one explanation for all the selling ,,,
Comment by
Jimmycash on Jan 11, 2021 4:58pm
Talked to IR, 10,000 meters drilled, results should be out by the end of month. Said they would be looking for the $200M area for a buy out once proved up. At current shrs outstanding that's $1.54 per share...$25M in bank. Patience needed....