DNI Metals Update. DMNKF US The raise at .08 was not optimal but it had to get done to keep something moving. Something in particular.
Had it not been for the Mining Watch smear piece, the raise would have been done at a dime for sure. Remember Ive been touting DNI here from .025 in December and it hit .15 2 weeks ago. Things have come a long way and theres still only 63M OS.
I called mining watch yesterday looking for information. I spoke with the head researcher Jamie. He informed me, he just found out the 3 minors that had the complaints, had signed agreements last Wednesday. He also heard that he now thinks DNI Does have the mining permit and that he is waiting for confirmation. Thats the majority of the bad press right there. He said they are working on an update and will be retracting some things. I know positively, they have had the proper mining permit for many months. The guy was clueless and damaged the company with mis-information. From what I saw on site, DNI Metals should get an award for social responsibility for providing roads, soccer field, water wells and JOBS
The financing is about 1/3 filled already and DW is coming to Detroit area in about an hour to talk with my group here.
IMO Stock is going to bounce after the raise is over. Anyone interested in participation in the raise or has some questions, PM me your email/phone or call Dan at the company number. If you arn't subscribed here, PM is free on stockhouse. If you call Dan, tell him Checkmate sent you.
At a $5 Million valuation, trading at .08 right now, after this financing is complete, you get a company with a world class, large jumbo flake graphite resource in Madagascar, has a current revenue producing graphite wholesale business, is funded and about to build a 6tpy pilot plant and purchase a 2nd hot property and has a MOU with a large Korean Expandable Graphite Company to deliver 20K tonns of Graphite in 2018.
Since their graphite is contained in loose weathered rock (saprolite) , their is no explosives, crushing or grinding like the Canadian wannabe developers will need. Obviously CAPAX and OPEX will be greatly reduced making their progress financeable and highly profitable even at todays graphite prices. DNI is permitted for production, sits adjacent to a paved road and 45 km to a major port. I dont know of any other graphite company with this much value relative to market cap. I have been on a multi day site visit, personally witnessed the operation, saw piles of the rich graphite zones with the coveted jumbo flakes. Additionally I drove the 45km road to the port myself and realized what a bonus it is to have the infrastructure already there. Many wannabe graphite companys out there, cant finance the expensive hard rock operations or are 200+ km on a dirt road to a port. Their trip requires a 4 wheel drive with jumbo lift and a snorkel.
Checkmate28 JMHO GLTA
