DML 0.00% 1.9¢ discovery metals limited

schedule of information, page-3

  1. 124 Posts.
    Folks,

    I contacted the company, spoke to a nice chap and he answered my questions to my satisfaction.

    my questions and answers were as follows:
    Question1. Has Blumont paid the $8 million for the share placement?
    Answer1: YES

    Q2. Has Blumont issued the $100 million bond?
    A2: This is in progress with Blumont and is being processed as scheduled.

    Q3. What happens if Blumont want to backout of the agreement?
    A3: Blumont are progressing as agreed.

    Folks the SGX was closed today and hence, no trading to report on Blumont shares. Blumont just did a share purchase plan to existing shareholders @ 5cents a share and quite a few people took up the offers and then sold on the market @ 15 to 17 cents.

    Blumont has raised approx. $50 million from SPP, just lent $8 million to Cokal on the 8th Oct and seem to be operating business as usual!!!!

    Cheers and good luck to all holders.

    PS I bought another 100K shares @ 5.7cents today and at these levels - my thinking is that its worth a punt!!
 
watchlist Created with Sketch. Add DML (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.