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Post by caveman on Nov 12, 2008 16:09:41 GMT -5
i think it would be about time soon. next week? and the next aguila hole as well. ;D
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Post by caveman on Nov 17, 2008 10:03:49 GMT -5
ok i can really feel it now. won't be long. ;D
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Post by venturous on Nov 17, 2008 11:16:20 GMT -5
My goodness, I leave for a week and the SP drops 20 cents.
Well, from the current economic conditions and the dramatic drop, it is clear that our stock is being manipulated. Now I am not suggesting that one of the Toronto brokerages is trying to force DRV to accept a financial partnership, but I wouldn't put it past the greedy Canadian brokerages.
Duran needs two major things right now: Peruvian exchange listing, Peruvian investment and Pasa 1 results (in that order). Then we can shake the parasitic brokerages.
ven.
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Post by jdc1 on Nov 17, 2008 13:20:53 GMT -5
George and the BoD's were down in Peru kissing hands and shaking babies all last week. I think they realistically want DRV trading on the Lima exchange by DEC sometime.
Just before the drop in DRV someone bought 30000 shares at $0.39, and then someone asked $0.35 a share immediately after! The SP just tanked after that. I hate to sound paranoid, but it sure seems like the SP is being manipulated. Having to arrange a JV at these prices would sure hurt us.
It's nice to know that there is lots of interest in DRV though. Aside from Pasa, I'm also excited about the possibility of greatly expanding the copper deposit. Apparently there are some exciting new targets very close to the Aguila pit. I think they might try drilling some new holes outside of Aguila to generate some more interest with the copper to get the SP up to a more respectable price before we run out of money.
We'll see I guess.
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Brando starving student
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Post by Brando starving student on Nov 17, 2008 19:55:07 GMT -5
what happens if Duran runs out of money??? do i lose my student loan investment??
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Post by jdc1 on Nov 17, 2008 21:39:58 GMT -5
Duran would need to "go to market" to get some cash. Consider, a $2 million dollar cash infusion would equal 10 million DRV shares at $0.20 a piece. That would dilute our our stock, hence profit, quite a bit. At JV/PP at these prices would NOT be good. Fortunately Mr Brando, I'm confident your student loan will not be lost as we are sitting on a great property IMHO.
Getting from "here to there" is where the devil lies. We should have a better idea of how this cookie will crumble before the new year I should think. Like Venturous said above, getting the Peruvians involved is a key ingredient right now. Along with a steady stream of assay results.
Cheers
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Post by venturous on Nov 18, 2008 19:54:36 GMT -5
True Jdc1. Hopefully the trip that George went on was to solidify the Peruvian exchange requirements and possibly try for investment. By now Pasa 1 MUST be available. I don't blame them for holding on to the results (if that is the case), because without further investment we won't see the release of the stranglehold on our SP.
Maybe, just maybe before the Pasa 1 release, we should expect the Peruvian exchange listing??
ven
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Post by pasacancha on Nov 18, 2008 22:25:30 GMT -5
It is my belief that the size of the Aguila deposit is aproximately 280 million t. Consider approximately 60 million shares currently outstanding. Now assume Duran raises some more capital creating another 10 or even 20 million shares of dilution but with that money they double the size of the copper with some new discoveries! That share dilution would be peanuts compared to the return for us shareholders.
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