DJE has become my newest.
I have added it to some to the family portfolios as well as 1 of my own over the last 2 days. May do more in more in the near future (see below). Still looking at EMC (and even LAM) but not yet ready to jump.
Most here know I don't do explorers often (UEX and SMM an exception). What put me over on this one was the NG play. Yes, DJE has paid a bunch for PR and some say their deep NG well is only a 50/50 shot (I think it is higher).
I think this is worth a shot for the NG alone. Their U holdings, with a respected geologist reporting, is a very substancial freebee bonus.
Will probably wait for their first deep well results, coming in the near future. If positive I will add a lot more. By waiting, I'll probably lose some gain between now and then but, if they have cash flow from NG (and more wells to follow), it puts them in a rare class of U explorers. Then they should have a good 1-2 year run.
There is rumor that Dines {as well as Roulsten and Casey} bought into their last PP. I haven' confirmed that yet but if I do, or anyone here knows, that might put it over for additional purchase also.
Best
Terry
