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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: Bat Man who wrote (161787)6/1/2009 12:18:46 PM
From: Proud Deplorable  Read Replies (1) | Respond to of 313013
 
How much did you make on BXM?



To: Bat Man who wrote (161787)6/1/2009 12:19:13 PM
From: Claude Cormier  Read Replies (1) | Respond to of 313013
 
- All I'm saying is the time not to be a Junior is when they are spending money on going into production.

I agree with you. But keep in mine that DMM's situation is rather unique in terms of simplicity of operations and lead time to production. It is not comparable to big open pits like Minefinders and Alamos Gold.

- As you can see the stock has done little

Well in recent months you are right. But it remains one of the top performers since the market lows last fall. The reason why it is slalling is because of the uncertainty about the exploitation rules and the contracts that have yet to be signed. I expect the stock to double quickly when/if these are signed and are as expected by the company. DMM will double again as they reach full production and start releasing news about the rerst of their business.

The only show stopper is another gimmick by the Ecugov. Something that now appears unlikely. But we never know.