OTCQX:DMMIF - Post by User
Comment by
edxon Nov 18, 2015 4:30pm
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Post# 24302642
RE:RE:Blood on the streets?
RE:RE:Blood on the streets?Oh I should also add that according to IR a little over a week ago, DMM reached out to several groups who were doing due diligence/generating financial models to determine if they wanted to take a position.
The reason I jumped in at $0.20 today rather than waiting it out is the buying activity I'm seeing today is possibly one or more of those groups deciding to start building a position. I mean, even if you're still working on DD, if you manage a lot of money throwing tens of thousands of dollars at what has to the potential to be the buy of decade is not a big deal.
One big block trade could wipe out Sprott's holdings - at $0.20 a share taking all of Sprott's 5.8 million shares as of Oct 31 (lower now) would take a little over a million CAD, or less than 900,000 USD.