DML discovery metals limited

breach of debt covenants - overdone, page-6

  1. 369 Posts.
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    In their half yearly report on page 13 or 14 under "GOING CONCERN" it tells you that they are still negotiating with their financiers ( I think DML realised the shares would keep dropping and trigger some covenants) about all their loans. It seems they are being made to issue some bonds instead of cap raising but if the pressure is on a cap raising is a real possibility. I would guess that once this issue is resolved then we will see some good upside in the price. The longer they keep talking the more the share price will drop. Only my opinion.
 
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Currently unlisted public company.

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