OTCQX:DMMIF - Post by User
Post by
greeneggson Oct 05, 2009 1:10pm
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Post# 16363138
MTO.V more than doubled since sept 1
MTO.V more than doubled since sept 1GORO.OB has been a slow train from 3.80 to 7 dollars plus. Meanwhile DMM has sunk from mid five's to mid three's, and has a hell of a lot more risk than the others. It's not just being down 2 bucks from the highs, it's the opportunity cost of having capital tied up in the pig while the rest of the market has boomed. And don't get me started on all the chinese nasdaa amex, OB stocks that have doubled and tripled.
If the third world sweathogs in Equador don't want investment, then fine. But why the hell have they talked up investment in the company time and time again, sending mining minstery reps to investment conferences to lure in money and then continue to kick us in the teeth.
Also of note, according to bridgemiller, it now seems highgrade zones won't be exploited until mid 10 vs early 10.
I sold off another 10% today. Time to start setting up q3 earnings of non resource companies.
As I've said for months, DMM will be a far better bargin in the 5-5.50 range if and when a) a resonable production agreement is reached and b) the company proves it can produced the advertised high grade ore.