melua Posted April 6, 2011 Share Posted April 6, 2011 Nice purchase at 81c and hoping it doesn't run too hard past $1. So many opportunities, just got to reduce the cash holdings a bit. Link to comment Share on other sites More sharing options...
melua Posted August 23, 2011 Share Posted August 23, 2011 Sold recently at $1.33 average. Nice result. Cash went into NST and SLR. Link to comment Share on other sites More sharing options...
flower Posted October 26, 2011 Share Posted October 26, 2011 Broken all rules earlier today by taking a position in DRM (gold explorer) because: 1. DRM coming up with sensational grades--eg the Wilbur Lode at Andy Well is estimated to contain 172koz grading 25.3gpt 2. Massive ongoing drilling 3. Anticipated production costs are $A323 per ounce 4. Well funded--$20m cash with no debt 6. Share Registry tight as a drum, original investor still holds 20% 7. Close neighbour to Kentor, Ramelius, Reed, Silver Lakes. 8. IMO T/O prospect as RMS has declared itself a major holder twice recently--now holding a 6.63% stake in DRM. 9. Resource update due before years end 10. Bankeable Feasability Study due Q2 2012 NB: ESSENTIAL to do your own Fundamental Research, but on the face of it with grades like this and anticipated production costs this low with Gold in AUD at 1653 seems well worth the punt--IMHO. Link to comment Share on other sites More sharing options...
flower Posted October 26, 2011 Share Posted October 26, 2011 We'll see what happens tomorow but never thought would be lucky enough to be involved with a stock up nearly 12% on entry day where the paltry sum of $A41K would buy the whole DRM market--I know its an after hours market picture but it's reassuringly nice nevertheless. Link to comment Share on other sites More sharing options...
flower Posted October 27, 2011 Share Posted October 27, 2011 Booked a nice day only profit, hopefully gold in USD will now pull back a bit leading into next week's FOMC meeting, so can get re set. Link to comment Share on other sites More sharing options...
melua Posted October 29, 2011 Share Posted October 29, 2011 Went to the Mining 2011 Convention in Brisbane on Thursday and Friday. Great convention, one of the best I've been to. I saw 18 presentations. My "Top 4" in order from the ones I saw: 1. Doray Minerals (DRM) (Simply OUTSTANDING exploration results and have only scratched the surface). Run by a smart geo in Alan Kelly (ex WMC). Only risk is will Ramelius take them out early???? If not, this is a multi bagger even from $1.50. 15c less than two years ago. 2. Northern Star (NST) Astute management and Paulsens' mine life looks to increase by several years. Ashburton the cream. 6c to 60c in less than 18 months. Still cheap. 3. MacPhersons Reward Gold (MRP) The guys who discovered and developed Daisy Milano for Silver Lake are behind this new company. 4. Kentor Gold (KGL) Link to comment Share on other sites More sharing options...
flower Posted October 29, 2011 Share Posted October 29, 2011 Agreed on all counts, save KGL which I don't know enough about, though it is interconnected area wise with many proven mines. Link to comment Share on other sites More sharing options...
melua Posted November 19, 2011 Share Posted November 19, 2011 "2. Northern Star (NST) Astute management and Paulsens' mine life looks to increase by several years. Ashburton the cream. 6c to 60c in less than 18 months. Still cheap." Well it certainly was still cheap at 60c but I'm now out at 89c. Probably still cheap below $1 but happy to take the profit. Link to comment Share on other sites More sharing options...
flower Posted November 28, 2011 Share Posted November 28, 2011 RMS steady buyers each day last week--SS ASX announcement reveals their holding in DRM increased from 6.63% to 7.70%. Smells of M&A activity looming. http://www.asx.com.au/asx/statistics/displ...;idsId=01245642 Link to comment Share on other sites More sharing options...
flower Posted November 28, 2011 Share Posted November 28, 2011 Anybody holding DRM: Don't know about you but will watch for ASX announcements concerning Substantial Shareholdings, 10% is the critical figure to watch out for. Link to comment Share on other sites More sharing options...
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