Replies to post #32207 on Value Microcaps Junior Miners

[Lone Clone]

I grabbed a bunch of 25-cent DMM shares (almost enough to offset the $3 and $4 ones I have held for years now) last week -- I had to check, seems like it was longer ago -- and am contemplating letting some of them go.

A bunch of us were trying to figure out whether Sprott still has shares to liquidate -- they're the ones who had driven down the price with indiscriminate selling -- and our best guess is that they still have at least several million yet, which they could resume selling at any time. With such a small float, still under 50M shares, this can have a major effect on the price. (If they do, I would love to get the chance at some more 25-centers.)

The flip side of that small float is that if the PoG is indeed back into a bull and DMM does manage to finally get into proper production, look out above, with an additional kicker if Lundin really does manage to get Fruta del Norte moving, which would rerate all Ecuadorean miners.

LC

[dr_airtime]

180 degrees - back in to DPM.TO....


...so much for that plan. Looks like last few weeks was a bull flag and gold jumping through $1260 and going higher this morning. Scrambled to find a trailing producer and bought back into DPM.TO in a bigger way. Sold pretty small position right at the bottom but think worst news is behind DPM.TO - $900 AISC announced and now the sale of smaller mine Kapan for $25M.

I think bottom is in and DPM.TO will have a nice rally here as gold market reignites but still not crazy on Bulgaria risk but should be nice trade here.


My other producer I have been watching is PRU.TO and will post on that later. It just won't move....but I bet when it does it will big time!