GREY:DULMF - Post by User
Comment by
mayorkghon May 11, 2013 4:33pm
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Post# 21368330
RE: RE: RE: RE: I can't understand these big downw
RE: RE: RE: RE: I can't understand these big downw I think it's more appropriate to look at his rationale for buying. This was on September 28, 2012 and DM was trading at $2.15. He said that the workup had been done by his colleague Quinton Hennigh, that the company was sitting on a massive Cu Ni deposit with the potential for a Voisey Bay discovery, and that with 60% financing from its JV partner Antofogasta, investors were essentially getting the potential upside for free. In subsequent discussions, Cook said that his basic premises for investing in any juniors are that (1) the company has sufficient cash to survive (2) the project offers the potential for major economic development and (3) the company has good management. All of that would suggest that his rationale for taking it off his list would be impatience...nothing technical.