flower Posted December 1, 2011 Share Posted December 1, 2011 DRM getting a move on today. nice sized trades going through,--- watch out for an ASX Substantial Shareholder update tomorrow? Link to comment Share on other sites More sharing options...
melua Posted December 1, 2011 Share Posted December 1, 2011 Holding a small parcel. Link to comment Share on other sites More sharing options...
flower Posted December 1, 2011 Share Posted December 1, 2011 M--IMO keep holding, even if it doesn't get taken over DRM has a resource upgrade due and a BFS due early 2012. Link to comment Share on other sites More sharing options...
flower Posted December 2, 2011 Share Posted December 2, 2011 DRM in a trading halt--will see if anything is known http://www.asx.com.au/asx/statistics/displ...;idsId=01249046 Link to comment Share on other sites More sharing options...
flower Posted December 2, 2011 Share Posted December 2, 2011 On reflection think the announcement pending has to be the JORC Resource upgrade, which was promised in December by DRM on 16/11. Imagine market looking for a big increase on last upgrade which from memory came out around 150,000ozs. A big upgrade may encourage RMS to get on with M&A activity, or are they just happy with their holding in DRM as a passive investment? http://www.asx.com.au/asx/statistics/displ...;idsId=01241578 Link to comment Share on other sites More sharing options...
flower Posted December 4, 2011 Share Posted December 4, 2011 Imagine market looking for a big increase on last upgrade which from memory came out around 150,000ozs http://www.asx.com.au/asx/statistics/displ...;idsId=01249612 DRM reports a 90% resource increase at the very high rate of 14.8gpt. Link to comment Share on other sites More sharing options...
melua Posted December 4, 2011 Share Posted December 4, 2011 Might be a case of sell the fact today. Link to comment Share on other sites More sharing options...
melua Posted December 4, 2011 Share Posted December 4, 2011 As I suspected. DRM's marlet cap has already factored in lots of blue sky. That increase was already in the price and in fact, one could argue it's relatively over-priced at $1.45 compared to other gold stocks. Link to comment Share on other sites More sharing options...
flower Posted December 5, 2011 Share Posted December 5, 2011 That increase was already in the price and in fact, one could argue it's relatively over-priced at $1.45 compared to other gold stocks. You're probably correct, it was yet another case of Buy the Rumour--Sell the Fact, however there are very few gold stocks be they producers or explorers who boast: (ie I doubt they are overpriced) Grades of 14.8gpt Resource up to 480m and then open at that depth Has cash in bank of $A15m Has only 75m shares on issue Has major shreholders owning over 50% of the company Will produce a BFS just after Christmas Production slated for 2013 Under takeover threat. Link to comment Share on other sites More sharing options...
melua Posted December 5, 2011 Share Posted December 5, 2011 Someone selling via a BOT. They are trying to prop the price at $1.44 to entice buyers they can sell into. Link to comment Share on other sites More sharing options...
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