DMA - Dynasty Metals

[vincent191]

Currently in a trading halt pending an announcement on resource upgrade. Early reports indicate a 400 mt resource with a "possible" 1 billion tonnes. I hope this announcement will be about a more reliable JORC resource estimate.

Early test on "selected" samples showed the resource is economical to mine.

I absolutely agree that for DMA to progress further they will need more capital (possibly from China) and existing holders will face possible dilution or will have to put more money in through capital raisings but this stock is cheap (Approx 20 cents) if all the early promises becomes reality.

As always DYOR......I agree it is early days and highly speculative at this stage and the current share price reflects this. Once we remove the speculative risks DMA will trade at a lot more than 20 cents.

[happytown]

Quote: Originally Posted by vincent191 Currently in a trading halt pending an announcement on resource upgrade. Early reports indicate a 400 mt resource with a "possible" 1 billion tonnes. I hope this announcement will be about a more reliable JORC resource estimate. ...

[vincent191]

happytown....thanks for feedback....very informative. This could be another fledging fe producers in the next few years and my ticket to financial independence.

[vincent191]

40% jump following announcement today. Good speculative buy. Lots of work ahead but so far it has lived up to expectations. All else going well this can be a multi bagger. DYOR. Watch their share register....when the Chinese and the institutions start buying in then it is celebration time.

[Nose]

Vincent, are you still a holder? Great quarterly. Significantly undervalued!

I hold, and am buying.

[reallysure]

nose i am holding...very undervalued and bottomed....could go a little lower so i have a few orders....just hold on guys and be patient:-)

[prawn_86]

Quote: Originally Posted by reallysure nose i am holding...very undervalued and bottomed....could go a little lower so i have a few orders....just hold on guys and be patient:-)

[reallysure]

Hello Prawn don't need details and analysis:-)

Its all there in the June quarterly report and next to a few big miners:-)

Cheers:-)

[Nose]

Prawn

Sorry, that was my first post.

DMA has a significant, increasing resource. If you look at their presentation of March that compares itself with its peers, in terms of market cap per resource tonne, you will see that it is the cheapest around. By now it is probably valued at close to a cent per resource tonne.

DMA has a long boundary with Warwick Resources, (Atlas). Atlas does not have a major resource anywhere, just a number of small to medium size bits.
In the AGO/AXO merger booklet, this was said.....

"Atlas has maintained an active exploration program across its prospective Pilbara landholdings. In order to further enhance Atlas's production profile over time, Atlas continues to pursue strategic, complementary and value-adding acquisitions, predominantly in the Pilbara region"

Someone is sitting on the DMA share price.

My opinion only, probably wrong!

[reallysure]

Just wait until the elections finish...it will make a big impact to not only DMA but most of the other iron ore and coal companies...

Liberal=no tax
Labor=yes tax

[barney]

Nice rise on this over the last couple of days on good (but not excessive) volume ....... (Looks like an announcement is in the air )

Fundamentals look excellent, so if the SP keeps ticking up on "sensible" volume, it may well have a bit further to travel. Could be worth watching ..