RE: RE: RE: major support broken at .95 invested wolf ,
your opinion and points are quite valid . although can technicals with 50k or 30 k in volume really be accurate ? illiquid yes, to me it just means management , major shareholders who we all know whom they are here (read press releases from 2 yrs ago) i know own over 60% of the float , the appointments to the board and the management all come from the agri sector , this is just a matter time it will be taken out , for a major its peanuts and they are talking to about 8 parties right now , some more advanced than others . this is my first post on DAN , ive been in since it was DAR...Ive participated in flow throughs (last one being novemeber 2010) and followed it and have accumulated on lows , even if it goes to the 0.70 mark as you mentioned , at next weeks shareholder meeting , the poison pill will be renewed therefore a major knows what they have to pay .
The math is simple , all in costs are 100/ton and they a premium product , im not sure what you know wbout MAP and DAP but DAN has the puriest form , it currently sells for close to 300 a ton ( russian product) so there PFS at 175 is modest , so why not integrate vertically if your a MOS or AGU or POT etc...you will save the 175-100=75$ cost , its a no brainer, Stonecap and national bank have buys at 2.25 and 1.75 respectively and are currently being revised after the 3M tonne PFS , like i said a no brainer , its patience and time .
As for titanium , is not there main focus, its a bonus and they will sell it to there neighbour a major titanium player at cost, its win win for both (this info can be validated through the PFS and past news releases...)
I agree seeing it at 2.40 and now under 1$ hurts but the sector is out of favor but it doesnt take much , as we have seen twice i the run up form 0.30 to 1.25 and then 1$ to 2.40, this is what the TSX venture is about , not for the faint of heart
regards
TP