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DRA, DRAGON MINING LIMITED
nipper
post Posted: Jun 8 2021, 02:22 PM
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In Reply To: flower's post @ Jan 11 2012, 09:55 AM

Dragon Mining (DRA) ... delisted Oct 2018

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the company delisted because about 70% of its shareholders are resident outside of Australia, all of the company's operations are outside Australia, there has been little Australian investor interest in the company's foreign assets making the raising of capital locally difficult to achieve. The company expects listing on the Hong Kong exchange to commence on 5 November 2018





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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
flower
post Posted: Jan 11 2012, 09:55 AM
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DRA which is a relatively high grade gold producer in Finland once again looks inviting---IMO (resistances the 50 and 200 EMA's)
enclosed is their latest investor presentation

http://www.asx.com.au/asx/statistics/displ...;idsId=01250035
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Combining Fundamental comments with Fundamental charts.
 
denpal
post Posted: Mar 31 2011, 05:37 AM
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In Reply To: flower's post @ Mar 30 2011, 09:51 PM

Yes, a great rebound for sure. I haven't been following it really as I sold out at 160 or so a while back. I'd like to see a sustained upward trend before re-entering.

 
flower
post Posted: Mar 30 2011, 09:51 PM
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In Reply To: denpal's post @ Mar 30 2011, 07:47 PM

25% profit in 10 days not so dusty----2010 Q2 report due by end of Aril.
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denpal
post Posted: Mar 30 2011, 07:47 PM
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In Reply To: flower's post @ Mar 30 2011, 06:06 PM

DRA is unloved for sure. Perhaps it needs to get established with u/g mining, so margins are known and show some more resources.

 
flower
post Posted: Mar 30 2011, 06:06 PM
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In Reply To: flower's post @ Mar 29 2011, 09:31 AM

In spite of another good announcement today--DRA even more vulnerable to profit taking?
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flower
post Posted: Mar 29 2011, 09:31 AM
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Amother good presentation---production costs USD747---time to take profits?

http://www.asx.com.au/asx/statistics/displ...;idsId=01165911
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flower
post Posted: Sep 28 2010, 02:22 PM
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Set of excellent drilling results--time to take profits?
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rosskend
post Posted: Mar 12 2010, 04:42 PM
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Hi Pengo - for a convertable note it is fairly liquid (average volume is OK for an issue this size) as the company has a buy back and they regularly buy. There is not much preium in these as they have a face value of $1.05 and are trading at $1 ATM. I picked up some as low as .75 so the yield is nice. They pay a 10% cupon quarterly - next payment is in April (.02589 ps). Its an easy 10%. Note matures Feb 11, so you have a year of cupons then the redeemable 1.05 face value. Current SP for the ords is .096 so little likelyhood of conversion unless POG gets to $5,000!?!??!?! ;-) . Recently sold their interest in Zara, so cashed up.

Regards Ross

 
pengo
post Posted: Mar 12 2010, 02:30 PM
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In Reply To: rosskend's post @ Mar 1 2010, 08:47 AM

anyone purchased the convertible notes? how easy how you found to divest out of the notes if you need access to the capital?

 
 


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