RE:Dramatic dayIt got the heart going I'll tell you that.
Someone could have easily sunk us there at the end so thanks to all those who laid off the sell button too.
Bertie20 wrote: I've been investing in natural resource stocks for 20 years now, and I've not seen many more dramatic days than this one. The final trades that pushed the share price back up above $3.50 all took place inside the final18 seconds of the trading day. Brinkmanship at its best.
Against this backdrop, the significance of today's events cannot be overstated. The single biggest item that causes small firms to fail/not meet their potential is not poor management, exploration failure, or weak partners; the single biggest hindrance is lack of cash. Remarkably, DME should now have enough money to get through to first production, with no farm-in partner, no debt and only minimal dilution (in fact, I'm not sure I've ever seen this combination before). Of course, all the other previously mentioned factors now also need to come good--the management needs to remain on point (the lack of news over the past two weeks is a black mark against them in my view); we need further exploration success (and lots of it); and, though we don't need a partner, we need good customers (noises are promising on that front).
But, to be clear, none of that can happen without the cash--it's the factor that opens the door to everything else. Thanks to the enterprising and coordinated approach of several retail investors, the day was saved today and the warrants can now be triggered. Rohlfing, Mosher and team: now it's over to you....