• Mike Arnold
    Wow, who is accumulating Dundee Precious Metals? $DPM.TO $DPMLF
    12/18/13
    Reply (8)
    • Safety in Numbers: It looks very cheap and its been destroyed. There has been lots of shorting ahead of index deletion on Friday so maybe some early covering.
      12/18/13
    • Mike Arnold: Thanks for the heads up. Definitely looks cheap here.
      12/19/13
    • Mike Serebrennik: And if precious metal prices drop much further in price?
      12/19/13
    • Mike Arnold: They are developing a smelter operation which should diversify the rev base. I'm resigned to owning it thru Dundee Corp most likely.
      12/19/13
    • Safety in Numbers: They produce a lot of copper in the flagship mine as well so their all in sustaining costs are about half the current gold price.
      12/19/13
    • Mike Arnold: Thanks for that. I picked up some NCQ today. Agreed with the Alpha-Rich article out today about price distortion from ETF rebalance.
      12/19/13
    • Safety in Numbers: You see DPM traded north of 14 million shares in Toronto. Hopefully indexers selling at the bottom
      12/20/13
    • Mike Arnold: wow, that's really heavy volume.
      12/21/13
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