RE: Great Opportunity To Buy And Hold16 Feb 2024 11:36
StayLong, fantastic post and good overview of the facts.
I am a recent holder, I say this because I only joined the party post the 3 musketeers intervention. Not very often am I won by a share at this price, my usual tactic is to hold something for a few months and sell upon news. DGI is genuinely one I plan to hold for at least a few years and I believe the price today is ridiculously good given the future potential.
As a Regional CFO by day, you can understand I have a cautious mindset, I have been trained to have this especially when it comes to investing. For me to have a undiversified portfolio with a strong DGI weighting is not typical and that is what I have done here. I usually have a even split. Steadily over the last 2/3 months I have increased my holdings to 10m at various ranges; 0.11 to 0.22. I am not phased by temporary dips in the price, this is always inevitable in long term holdings and something you have to manage, as WB always did.
I have a mindset of where I think the price "could" be at various intersects and I build my own DCF models to project my own fair value. I have always said, based on news and my own model, this has the potential to be 1p by the end of this year.
Although I do not have the direct experience in this industry, my background is manufacturing. I have worked for FTSE 100 companies and most recently a start up. When I compare notes, DGI for me is already on a incredible journey. I have not been privy to pre Dec information in real time, but certainly since then, you can clearly see the momentum and what could be.
One thing I know for sure, if/when commercial production begins, this has the potential to rocket. Some kind person shared a month back a PPT that was delivered in Jan of last year showing initial estimates for production was Q1 of 2025. The furnace and mill RNS puts light into that time frame with the only question being "could it come sooner". If it is later, it does not matter.
Thank you for sharing your journey and thoughts, I thought I would share mine too.