Discov. Met Share Discussion Threads

[davidblack] 15/3/2011 18:10

Bought some more today to average down, not a happy day.

Still copper is what matters and they have that in abundance.

[hiijinx] 14/3/2011 23:13

yeah it makes no sense. it will be producing by the end of H1 next year and has lots of good news going for it. good time to top up.

[scottishfield] 14/3/2011 09:50

To say the least J99

[johnrxx99] 14/3/2011 09:33

Seems a bit overdone. Topping up in nibbles

[excellance] 11/3/2011 09:02

nice grades, but the markets are currently very nervous, Libya civil war, protests in Saudi, and now a massive earthquake off the coast of Japan with uncertain damage and deathtoll, tsunamis on their way...

also, Euro debt will soon be front page, so lots going on and not much of it very good, but at least they will need copper to rebuild Japan.

its sick that Hot Tuna surf wear is the biggest riser on the market so far today!

[jhanson] 11/3/2011 08:54

Thank you for the link Chip. I have bought a few this morning, maybe this info is just being digested.

I like these quiet boards. Their is something reassuring about the lack of posts.

[chipperfrd] 11/3/2011 02:14

Zeta infill drilling - nice grade interceptions!

[excellance] 09/3/2011 22:58

just for fun, here is my target price prediction... assuming all goes well!

[excellance] 09/3/2011 22:39

fairfax note...

[lageraemia] 08/3/2011 21:01

I bought 1000 for my investment club yesterday!!

Looking forward to riding this one!

[excellance] 08/3/2011 19:30

i sold all my RRL today and bought DME into my ISA in its place... i think oil, gold and silver will drift lower for a while, but copper and copper stocks are cheap at the moment, plus, it has been nearly 3 months since any drilling news from DME, so i suspect there will be news soon.

[scottishfield] 04/3/2011 16:13

Due a bounce before long I would have thought.

[scottishfield] 03/3/2011 19:28

excellance, I suppose so, if you've been out. I just stay in & will do for quite a while.

[johnrxx99] 01/3/2011 15:30

Nice and quiet here.

[excellance] 28/2/2011 12:36

time to buy back in?

[jonny flame] 16/2/2011 09:55

.."Steel demand may double in the next five years and I will not be surprised if demand for non-ferrous metals such as copper and aluminum grow at twice the pace," said Kunal Shah, head of commodity research with Nirmal Bang Securities Pvt. in Mumbai.....

...Commodity demand in India has reached a "tipping point" and the nation may surpass the U.S. as the second-largest consumer of copper, aluminum and zinc in the early 2020's, Barclays said....

"We are holding bullish for base metals prices," said Sundeep Jain, an analyst at Karvy Comtrade Ltd. "Demand on the one side is robust from emerging markets, be it India or China, and on the other, supply is not able to catch up with demand."

[excellance] 14/2/2011 21:48

DME is in my ISA but TDW did not allow it at the time, i had to phone up and get them to add it to their list... h-l.co.uk website tells you what is ISA able.

[chipperfrd] 14/2/2011 19:03

tarcotsira,

DME clearly meets the HMRC guidance for ISAs due to it's full listing on the ASX.

However, different ISA providers often have their own interpretations or just exclude AIM shares irrespective.

You can try to argue your case with iDealing or shift provider.

I have had DME in family ISAs for ages. Mine are with Hargreaves Lansdown.
Chip

[p3dr036] 14/2/2011 18:34

In my ISA also [through Selftrade]

[scottishfield] 14/2/2011 10:23

I have it in my Isa; it is isa-able, rgds

[tarcotsira] 14/2/2011 09:49

Trying to put this in my ISA: Barclays has this down as ISAble but iDealing are currently blocking my attempted buy. Anyone know the correct status here?

[orgasmicbeef] 10/2/2011 10:04

Hi Chip,

I'm in here and very happy, a good finance deal and earnings will rocket with Cu price. I agree with you that owning operators with earnings and earnings growth is the best way to go, although I do have a few LTH explorers too. By the way, you will remember AAZ in your list, looks like that's going to take another upward step shortly, your analysis there was good too. Best wishes . IMO DYOR etc

johnrxx99

The world's supply and demand is out of kilter, so the growth may not be satisfied as many low % low vol mines were mothballed in 2007/9 and it takes some time, as we see here - to get mines into meaningful production.

[johnrxx99] 10/2/2011 09:33

1%, that 72 mines under construction. Sobering indeed.

[chipperfrd] 10/2/2011 09:13

Great news!

Interesting to have DME in the final construction phase when placed in the context of this article snippet from Minesite:

"To help put this in perspective Glen Jones of Intierra Resource Intelligence put together an excellent presentation last September to explain just how concentrated and limited new resource development is. It is sobering to see that 68 per cent of new copper projects are in just two countries - Australia and Canada. But that tells you more about the importance of politics than geology.

The database used by Intierra records 7,185 copper projects around the world. It is not surprising that the largest single category, at 39 per cent, is grass roots exploration. The next category comprises those projects at the drilling stage, and this accounts for 32 per cent of the total. The dynamic behind these numbers is fairly straightforward: as the intensity of work, and funds required, increases, the number of projects starts to fall quite sharply.

Which is why projects at the advanced exploration stage only makes up 14% per cent of the total number of copper projects in the world, while those in the pre-feasibility and feasibility stage make up four per cent each.

The most sobering fact is that a tiny one per cent of the tally consists of mines under construction. That compares with the eight per cent, or, in raw numbers, 571, that are actually operating mines. On the evidence of this data it looks pretty obvious that this is an industry that is not sowing what it is reaping. And on that reckoning, it's no wonder prices are running at the full cost of exploration, development and production. There is simply no fat left in the system."

[strark] 10/2/2011 07:38

that secures and underwrites the project - now they just need to deliver the project on time...