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  1. 26-10-2011, 08:12 PM #1
    soulman
    soulman is offline
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    Thumbs up Doray minerals limited (drm)

    No thread on this stock so I guess I will start it. RMS just recently grabbed a few parcels for a 6.63% stake. RMS have $90 mil cash and no debt.

    74.88 shares on issue. 52 weeks high $1.73, low 0.615.

    Currently at $1.52, an 11.4% jump today on surging volume. Almost no sell side left and a buying frenzy near the close today.

    I see RMS taking over DRM in the near future. Cash and scrip offer likely. Or maybe scrip for scrip. Latest quarterly report out on 21st Oct. EV around $98 mil based on $16 mil cash and no debt. They do have just over 10 mil 20 cents options that will make many of their execs very wealthy on conversion.

    I hold.
    Last edited by soulman; 26-10-2011 at 08:14 PM.
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