dmm.to - getting to be pound-the-table situation with Dynasty, if an entirely political issue could ever reach that status, but let's suppose for a moment that it could
dynastymining.com
How much of the value in dmm would have to be scoffed up by govt to make the share less than extremely undervalued? ... quite a lot, imho, much more than they are likely to take, the thing is priced for disaster
Which is not too surprising, disaster having already struck three years ago and then some kind of weird limbo since ... still, here and now i believe that -
1. the share is priced for a very high level of confiscation
2. management has been marking time, focussing on the politics, quite rightly
3. there are almost certainly discussions/negotiations going on now
4. the Correa admin is too smart to kill the golden goose, they want Kinross et al to proceed
5. whatever overall govt take deal is finalised, it will be much less than the discount in dmm, and the share will rock
6. this could happen fairly soon, even by the norteamericano sense of 'soon', ya never know
For a month or so i've been expecting maybe another test of the 3.00 area where it gets supported by the hard-core, could easily still happen ... don't care much either way personally, rarely trade it, expect to hold through the calendar year at least, would add there though for sure
[edit] - 7. Zaruma area is quite low-cost, local population strongly onside with the mine, in this respect it is like Sierra Mojada to a degree rarely found elsewhere |
