GREY:DULMF - Post by User
Post by
mayorkghon Mar 10, 2014 3:20pm
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Post# 22304145
DM share price
DM share priceWithout getting too analytical, POM has 300 million shares outstanding fully diluted and is trading at $1.50 today. DM has half (150 million) the shares outstanding and is trading at half the price ($0.75), giving POM a market cap of 4x that of DM. They both appear to be sitting on M&I assets that are about the same. POM does has more cash in the bank and is ahead of DM in the permitting process. They both have strong financial backers...Antofogasta for DM and Glencore for POM. Yes, DM does have to raise more cash however they have been pretty resourceful in doing so in the past...most recently having sold the 430 million debenture to Li KaShing/CIBC in April 2013. It makes no sense that DM is being sold off by investors to this extent.