Another gold producer quietly building as buyers step up to the plate

Potential Buy Entry Alert DRM

Time Frame : Daily

Sector : Materials/Basic Materials

Key Stats : $129.54 Million Market Cap, VWAP 0.31, ASX Ranking 684.

Company Overview : Doray Minerals Limited is an Australian gold producer with two Western Australian gold operations: the Deflector Gold Copper Mine, which commenced production in May 2016 and the Andy Well Gold Mine, which commenced production in August 2013.


DRM – Doray Minerals Limited

DRM has been in pullback mode since minor highs hit back in May around 0.35. With production guidance released today, buyers are starting to build. We are now watching for further confirmation that price is on the move up in the form of our higher low setup. If we see the setup then its ‘all aboard’ for a new leg higher.


Stock Code : DRM – Doray Minerals Limited

Company Website :

Current Price : 0.302

Status : On watch for buy entry trigger