DML 0.00% 1.9¢ discovery metals limited

Ann: Update on Voluntary Suspension , page-74

  1. jhu
    504 Posts.
    Thanks dspla1

    Thw ording is a bit odd:

    "...their participation in the previously planned $75 million capital raising is no longer required."

    This suggests the $75 million capital raising is no longer on the cards in the form that was previously announced. So unless DML retracts the previously announced rights issue, then I expect that this part will be still happening, just not without the support of Hong Kong.

    Is this a:
    - legislation and discolsure issue. That is, DML is not willing to go to the lengths of ensuring that it complies with Hong Kong equity issue requirements; or
    - they are not happy with/or don't need the support of Hong Kong.
 
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