RE:RE:RE:RE:RE:RE:RE:The 16 cent sellsAgreed. Since mid-Dec '20, other than a 5-month period (Feb-Jul '21) DM's mostly treaded sideways, in a range of 0.14-0.20. Since last summer, other than a short spike, it's certainly been kept in that bracket steadfastly.
I won't speculate a to what's been keeping it there, despite increasingly strong news (massive C-19 revenues, no debt, $20M cash on hand, $40M DND contract etc), but it certainly feels articifial.
My take is that people/institutions will continue trying to accumulate between now and end-May Q1 results - increasingly difficult after end-Apr 2021 Q4/Annuals - and let it ride therafter, in the run-up to the TSX upgrade; at which point we'll ceerainly be a 0.30+ (giving DM a mc of $100M+ where instritutions can increasingly start taking positions) and perhaps even having a run to $1...
All reasons why, I think, it makes good sense for retail (i.e. you and me) to continue accumulating at these prices, as the coming couple of months will generate very interesting short term ROIs. If it were not to happen and some needed some of the cash back, they could certainly sell at current prices (which I doubt we'll still be sitting at). Hence the Risk/Reward is, in my humble opinion, very low.
For my part, I've been able to add, in the 0,15-0.16 range in Feb and Mar and hope to do the same later this month, after which I doubt we'll see DM sub-0.20 sp ever again...
My two cents.