Duluth Metals Ltd DULMF

I can't understand these big downward moves in the

[gold_star]

Hi All,

 

I am a big time investor of Duluth metals for almost a year . Have a lot of money riding on it. I have been a passive viewer of this board for almost a year. Learnt a lot from redmetal, estebancaballo and rocdic. My thanks to all of you for enlightening the rest of us. 

Now it is my time to return the favor. My guess as to why this stock has been so volatile recently is due to this stock being added and then removed to a newsletter. In particular Brent Cook. Now He is a very knowledgeable geologist whose views are respected by many in the mining industry . But as an investor / newsletter writer his reputation is patcy/suspect in my opinion. Any time he recommends a stock his subscribers blindly rush in and any time he sells a stock on his list they blindly sell comitting suicide. To be fair , he adds that don't sell at any price. But it does not matter , any stock that gets his attention usually gets this kind of treatment. In the previous month he dumped the stock from his list. So that is the reason for all this volatility. NOTE: I haven't sold a single share , but unfortunately I cannot add either.

[estebancaballo]

Thanks for the heads up re:Brent Cook and for the kind words, GS. With DM being so thinly traded it is quite possible that one newsletter could have a significant impact on the sp.....good to know and somewhat reassuring!

[estebancaballo]

I should have added that the two R's are the real experts with what seems to be hands-on experience of the industry. I have learnt a lot from them and am grateful for their ongoing insights.......my own input is of little or no consequence in comparison.

[alvarez2]

Nothing has fundamentally changed with Duluth metals since Cooke started recommending it. I like to hear what he has to say however take his recommendations with a grain of salt. Seems to look for short term profits and a quick flip IMO. Dm is know less value now than it was before.........just a cheaper share price, and there has been no negative news that I'm aware of, that

[redmetal]

Cooke jumped in with many daytraders to hopefully enjoy the financial lift off of the great discovery on DEL which DM has been promoting for years in their presentations (Voisey Bay discovery). The initial drill holes were nothing to write home about.  Terrible market (nobody buying) and Opportunists exiting to find another play. Low volume pushing price down. The targets will be reevaluated

[marpincan]

What reason did Cooke give for selling?

[mayorkgh]

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

[PianoMan]

Cooke was pushing Belo Sun as well. It's down quite a bit too.  He's having a bad year. Maybe he's going cash hoping for Summer bargains.

[gold_star]

The reason he gave apparently was: A company like DM that does not have cash flows should not be issuing debt like the converts they recently issued  for 35 million dollars. He views that as negative as DM does not have cash flows.  

[aandeel]

Everybody new that.there all hype con artist.good luck.