AI
Sunday, November 29, 2015 5:41:12 PM
DPM.TO - just keeps descending...
..think DPM.TO could be one of the top buys before December 24th tax loss selling ends. They are the one of the lowest AISC producers and within a month they should get approval to build their next mine Krumograd which has a low capex of about $140M and an eight year mine life.
While they are low AISC (huge base metal credits). The earnings aren't strong becuase of the depreciation charge but they are not going under.
Technically, it looks like DPM.TO is getting pulled down to $1.00-$1.05 range which is where they bottomed at end of financial crisis in 2009. Whenever gold breaks out of current bear, DPM.TO is pretty well positioned as they have a growth story with Krumovgrad mine and are low AISC regardless.
They have $16M of debt due in a year on their larger facility. I am unsure if current selloff is because market thinks they will have to dilute if they build Krumovgrad. Will phone company this week. No rush here.
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..think DPM.TO could be one of the top buys before December 24th tax loss selling ends. They are the one of the lowest AISC producers and within a month they should get approval to build their next mine Krumograd which has a low capex of about $140M and an eight year mine life.
While they are low AISC (huge base metal credits). The earnings aren't strong becuase of the depreciation charge but they are not going under.
Technically, it looks like DPM.TO is getting pulled down to $1.00-$1.05 range which is where they bottomed at end of financial crisis in 2009. Whenever gold breaks out of current bear, DPM.TO is pretty well positioned as they have a growth story with Krumovgrad mine and are low AISC regardless.
They have $16M of debt due in a year on their larger facility. I am unsure if current selloff is because market thinks they will have to dilute if they build Krumovgrad. Will phone company this week. No rush here.
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