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Business Description: Discovery Metals Limited (DML) is an Australian based copper and silver production company from its 100% owned major asset, the Boseto Copper Project. DML also focuses on the development and exploration around the Boseto area in Botswana.
Strategy Analysis: DML is focused on developing the Boseto Copper Project in Botswana. DML also aim to discover and develop other economic mineral deposits.
Discovery Metals reported a net loss of US$14.58m for the half-year ended 31 December 2012, up from the US$7.0m loss for the corresponding period in 2011. This result is consistent with the ramp up in activity, manning and costs by the company as it commenced production at Boseto in June 2012. Revenues from ordinary activities were US$114.0m, compared to US$309.0m from the same period last year. Basic and Diluted EPS was (3.03) US cents compared to (1.56) US cents last year. The net operating cash inflow was US$11.39m compared to an outflow of US$4.13m in the pcp. No dividend was declared.
Ric Spooner (Chief Market Analyst, CMC Markets) 20/10/2014 |
Today, Australian investors will not have to go it alone buying stocks as they did for much of last week. Bargain hunters this morning will be supported by the morale boosting encouragement of a 3% turnaround in the German Dax and a 264 point rally in the Dow Jones.
Carl Richards, director of investor education at the BAM Alliance 17/10/2014 |
â€śAs odd as it may sound, the sooner you start treating your investments like you treat life, the happier youâ€™ll be with the outcome.â€ť
William H. Gross, Janus Capital Group 16/10/2014 |
â€śFinancial markets are artificially priced. In the bond market, there is nothing normal about a three year German Bund yielding â€śminusâ€ť 10 basis points.â€ť
CMC Markets 8/10/2014 |
Share market indices around the globe are breaking down. While analysts cast around for reasons, itâ€™s clear that a time factor is in play. Simply put, many investors â€śfeelâ€ť a correction is overdue. How low could it go?
The Age 19/12/2013 |
Ten Network's programming ambitions will be funded by a $200 million loan guaranteed by three of its billionaire owners, as the free-to-air broadcaster declared digital was the future and pointed to early signs that its switch to an older market demographic was working.
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