Discov. Met Share Discussion Threads

[jonbvn] 27/1/2012 09:28

So T/O rumour has faded?

[excellance] 27/1/2012 07:50

maybe, but it is oz that counts, and they are down 4c over there...

[johnrxx99] 27/1/2012 07:39

Excellent update - the potential over the next 5 years is huge IMO.

[hertsbirder] 23/1/2012 21:18

Indeed, probably one of the reasons why the share price has remained relatively stable over the past few months compared to many other small mining companies.

[excellance] 23/1/2012 20:01

look at ASX trading of DML for volume, London trading is not a significant factor and in fact DME have stated they may de list from London.

[hertsbirder] 23/1/2012 14:41

I agree with your assessment of the company's long term prospects. In my case cash is a bit tight at the moment, so treading carefully and protecting significant gains where prudent just in case I have to free up cash on less favourable terms... My instint is normally to hold for the long term and ignore short term movements but the Market is particularly erratic at the moment although DME has shown itself to be one of the safest develops around!

[chipperfrd] 23/1/2012 14:20

Herts

I have been in from similar levels and the current price is indeed an excellent return. But I have no real need to cash in my core holding so will let it ride for a few years unless the fundamentals change.

I am actually building a fund for my children and DME has always appealed as a long term investment for them - along with a few others! So I am hoping against a T/O.
Chip

[thorpematt] 23/1/2012 14:17

Yep Breakout from range was very low volume on Friday - which put me off.

But somethings moving here - it's not just strength in the price of copper...

[hertsbirder] 23/1/2012 13:46

Chip,

That would explain the strong rise over the past week. I'd put it down to the M&G buy but was then surprised to see the strong rise this morning. There has been T/O speculation around the company for some time so not surprised to hear of Oz Minerals interest - DME has a great future with an excellent land holding.

Saying that, short term if no bid comes in and with the precarious macro economic outlook I wouldn't be surprised to see the share price fall back again. I took the opportunity to sell some earlier - been in since 16p so decided it was time to manage my risk and take some profit. But my timing is invariably poor, the last two occasions I found myself with a similar call (Western Coal and Scott Wilson) bids came in at multiples of the then SP!

[lageraemia] 23/1/2012 12:25

Posted on wrong board there.

[chipperfrd] 23/1/2012 08:54

Apparently, the Australian Financial Review has reported that Discovery may be a takeover target for OZ Minerals - hence the jump on the ASX!

I certainly hope a T/O does not succeed at this early stage. I was planning to keep these as a core holding for the duration.
Chip

[excellance] 23/1/2012 07:54

watch this fly today!

[excellance] 21/1/2012 16:20

a closer look at that flag...

[excellance] 21/1/2012 16:16

fairly easy to see trend established, and a flag formation now appears to be breaking to its conclusion, target price 126p very soon...

[andrbea] 20/1/2012 08:04

at 98p
that pound barrier is almost there

[johnrxx99] 19/1/2012 09:38

Agreed Hertsbirder. It will be nice to see £1 breached and maintained but quite an obsticle so far. The RSI is looking strong so may be back to 90p before it does. Hope I'm wrong.

[hertsbirder] 18/1/2012 23:13

A bit more confidence has no doubt helped a few resource stocks recover lost ground, but I've been struck by just how well the DME share price has held up when many other AIM stocks have been slaughtered. I suspect it reflects Market confidence in the company's ability to deliver, the political stability in Botswana, the large institutional holdings, and the long term potential of the license area. The regular positive news flow has helped too.

I'm looking forward to the release of the Zeta underground dfs. This was due for completion by the end of last year and assuming it is positive - no obvious reason why it shouldn't be - then this should trigger a further step up in the share price as it should underpin phase two expansion plans for extended mine life and increased production both of which will significantly boost the already good economic case.

It is possible the company will delay the release of the dfs until they have completed talks with banks etc over financing the development as I'm not sure they will be able to fund it entirely from cash-flow, though that must be an option if the credit markets are closed in the current climate but would mean a delay. Also possible the company will look to commence production to
demonstrate delivery before the banks will release more cash.

In any event, this company remains in my view one of the safest mining investments on AIM.

[jonbvn] 18/1/2012 08:44

The recent rise is likely down to macro economic issues IMHO - All my resource stcoks are doing well.

[jonbvn] 12/1/2012 16:34

Even more!!!

Another 160,00 tons of copper and 8 million ounces of silver then.........

And the share price moves only 2p?

[intouch] 12/1/2012 11:50

Fairfax Marketing Report including Cluff Gold, Horizonte Minerals, Discovery Metals plus others
11:30 am

[lageraemia] 12/1/2012 10:24

Even more!!!

Another 160,00 tons of copper and 8 million ounces of silver then.........

The Silver alone is worth $240m at today's prices. It will be worth even more soon.

[readytotrade] 12/1/2012 06:51

Discovery Metals Reports Maiden Selene Resources Estimate Of 16M Tons
Middle East North Africa Financial Network
LONDON, Jan 12, 2012

[simon gordon] 17/12/2011 13:07

If you join the Long Room at the FT you can read this analyst's note on future pricing and the de-financialisation of copper, it's an interesting read:



*Two mega developments will impact world copper consumption: the level of global business activity and substitution.

* High and volatile copper prices, due to the increasing involvement of the financial sector, has forced multinational companies, such as utilities, auto and appliance companies together with their fabricator friends, to limit the amount of copper used in their systems through better designs and tighter specifications and/or to design copper out of their systems through using other materials or by new technology.

*Some 2.5 million tonnes of global copper has been lost from 2006 to 2010 by substitution in its fullest sense and probably a further 3.4 million tonnes by 2015. Strategic decisions have been taken to either design copper out of products or to introduce a new round of re-designing and tightening specifications.

*It is in the period, 2015 to 2020 that the wire and cable sector will begin to feel the negative impact of High Temperature Super Conductors (HTS); it is in this period that they will be introduced commercially in some key countries. In fact, they are now quietly and slowly being introduced into China‟s grid system.

*Based on 2010 data our current forecast is that around 7.5 million tonnes of copper will be lost from 2011 to 2030 of which around 80% will be within the wire and cable sector, largely because of the impact of HTS and towards 2030 of carbon nanotubes.

*In fact, the world of nanotechnology is very likely to transform the design and material content of much of what we use today, including many of the appliances which contain copper. Its global market has risen from an estimated $9.4bn in 2005 to about $25.2bn this year and a forecast $750bn by 2015.

*China's consumption growth will slow sharply in line with its economy. Based on the country's demographics and rising productivity, its trend growth for GDP should slow to 5% a year from 2015 to 2020 and from there to 2030 to only 3% a year. Copper will grow at a slower pace.

* World refined copper consumption's growth rates are set out below, implying that global consumption will increase from 17.9MT this year (after stripping out purchases by the financial sector) to 23MT in 2035.

[excellance] 05/12/2011 23:26

thanks for that chip.

i have just found some news regarding SBLM and it has got me a little concerned!

"The Anti-Corruption Commission (ACC) has arrested one of its most wanted alleged fraudsters, Jeremy Stanford, over a $4 million fraud case."



it seems that Jeremy Stanford, director of Sable Mining Zimbabwe is in custody, and it appears that he and other directors have got a rather coloured reputation for finding trouble. Just why anyone would want business dealings with Robert Mugabe is a mystery to me... IMHO anyone wanting to retain any standing in the business world would simply AVOID Zimbabwe at least until Mugabe is dead and the civil war that may follow is over!

From what i have read tonight i have little confidence in the honesty or integrity of some of the Sable directors, there is no proof of wrong doing but lots of reason to wonder if there is no smoke without fire...

Phil Edmonds has yet to prove himself as a successful business leader, although he is undoubtedly making lots of money. Do i really want to expose my capital to this kind of risk?

Sable appears to have great promise at a cheap price, but the reason it is cheap is because of the many risks involved.

As for DME, great RNS this morning...