Core Gold DMMIF

on 5.00

[upmarkets]

Mon am: I drafted this on Sunday night and WOW ! DMM jumps straight to 5.00 this morning! The Dave : Do you actually own some of this or just post on it? Rock - its Zaruma is it not (Rest is Sun night draft) : Actually it is better to see it inch up on light volume , which shows strength and that no one is selling. Say 5 cents average a day for 10+ days until Scoping comes out. Guessing 10 more trading days and we reach 4.80 ish IR/PR likely won't do much more until the next scoping study comes out and then some more promo as the PP level is reached and/or is about to be announced. I would say IR job is to introduce brokerages and institution ( and in Europe) to a likeley PP to come and to take a chunk. Although a broker syndicate may have already decided on allocation. Just negotiating price Later to the public. I had suggested 4.75 to 5.25 for a PP I now think it will be higher , say 5.50 to even 6.25. The volume will be some selling by insiders so thay can put money back in on SOME of the PP ( to get some more wts.) imo. Most will go to funds and to brokerages for distribution Just postulating ( on the price ) of course Regards U