Doesnt this scenario reminds you of two companies ?
a.) Sundance Resource (SDL) b.) Billabong (BBG)
One thing I will be wary about is overtly optimistic statement that is lacking is detail and legal certainty.
One thing that one need to ask oneself. Is the gain worth it if I lose all of my capital ?
Which one will CFC talk to ? The banker or the shareholders ?
These are the questions that need to be answered.
Bankers are not known for their mercy and patience so please beware.
I still hold a tiny share (it used to be big before getting wiped 80% off by the overpromising management. How that fateful day in the New york when CFC offered has turned into a real sour grape!)
superox
DML Price at posting:
21.0¢ Sentiment: ST Sell Disclosure: Held