DTR

 What's happening with Dateline Resources (ASX: DTR, OTCQB: DTREF)?

This is my opinion, and not financial advice.

The traders re in control because news is slow in coming. And the traders are making plenty of money shorting the stock and then forcing the price down. And today will be another example of that.

The share price will open lower and weaker, and that will hit stop losses on many accounts, and that will further weaken the share price. And for some, the panic will set in. They will dump their shares.

So let's look at why.

DTR is doing everything brilliantly. They are moving fast, faster than most miners move when bringing a resource online. But there are things outside their control. And that's what's hurting them and confidence in them.

The USA Administration is in shutdown, which means very little is getting done on Capitol Hill in the USA. This isn't hurting just DTR, but the lack of substantial news out of the company adds to the problem. Other miners are feeling the pain as permits and regulatory issues are held up, and there will be a substantial backlog when things open up again once the government gets restarted.

DTR won't suffer that backlog pain. But that's for the future.

The other roadblock that is outside of DTR's control is the backlog at the labs.

DTR, like every other miner, is drilling to determine its resource. But, due to the focus on (and budget allocated to) the REE sector (more than $US5 billion), every tinpot miner has sent every shovelful of earth to the labs. And many of them are paying extra for expedited results.

This has created a huge "traffic jam" a the labs. What would normally take 2-4 weeks is taking 2-4 months.

DTR has, quite literally, thousands of samples at the labs. Think about that. If every other miner does the same, that's a huge workload. All chasing the same thing: a piece of that $5 billion pie.

This is one of those times when patience is going to be tested, but it is your best friend. Because that's what is needed: Patience.

The results will come through and the share price will recover and soar past previous highs.

DTR is still a unique company in an extraordinary position. All indications are they have massive amounts of rare earths, and the highly desirable ones.

They have 1.1 million ounces of gold. They have money in the bank.

PLUS: they had a 1 million ton stockpile that has never been processed. That holds around 30,000 ounces of gold. What does that mean? 1 million tons will take 6 months to process and are estimated to return around $70 million to DTR.  And the gold that comes from that will further fund the next round of work. This means that DTR is unlikely to need a massive cash raising any time soon.

PLUS they have strong indications that they can increase their gold resource (from 1.1 million ounces) by anything up to 10x.

PLUS their REE ground looks so good that the results are likely to be expressed in parts per hundred (others use parts per million), or in % terms.

The first question is: What's really in the (already mined, just not processed) stockpile?

Then the drills turn their attention to the high-priority gold targets and REE targets.

Remember that backlog at the labs? That's likely to frustrate things again.

What does all this mean? Don't panic. If you feel comfortable holding, the hold. You will almost certainly be stunningly well rewarded for your patience. It's also a great time to buy as stop losses get hit and shares come onto the market at a great price.

In my opinion, this all turns around before the end of November, and then the floodgates open, this time full flow forward.

That's why I am sitting on my shares and am not at all worried.