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What Do I Really Know?

 Not a lot. Most of what I buy and sell is based on research and best guess, and that sometimes goes wrong. For example:

Dateline Resources (DTR). Their shares have been hovering around 1.2 cents for quite a while, which is a bit surprising since they have 880,000 ounces of gold in their resource plus significant rare earths. My feeling was that there would be a significant uptick in the share price once they conducted a resource upgrade. Why?

Because they had released a number of drilling and assay announcements that were, quite frankly, really good.

A week ago the resource upgrade came out and sure enough, it was brilliant. Now, they were sitting on 1.1 million ounces of gold, an ugrade of 35%. And gold is at an all-time high price. Everything points to a brilliant increase in the share price.

And yet the share price went down. It is currently siiting at 0.9 cents. Why?

I think the market doesn't like the low level of cash the company has on hand. Mining is an expensive business. 

And, as if to agree with this, DTR is going through a cash raising, getting the money from shareholders to fund the next stage.

After that, the company should be in a much better position and the share price may just start to move upwards.

Drilling continues and there will be another resource upgrade later this year. So while highly speculative, DTR still remains, in my  eyes, a good prospect.

But it should have already delivered, in my opinion. So, what do I know?

I know that you can't win every time and sometimes it takes a bit of patience.

And maybe HPPL will take them over sooner, rather than later. We shall see. For now, it is sit and hold. Oh, and take up my allocation in the cash raising.

It is always important that yu do your own research.

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