just to be clear, page-2

The reason DML is in the situation is the current mining output did meet the expected outcome per the feasibility study. The mining costs, mineral grade, mineral price and a few others simply fell short.

the management was right to knock back Cathay offer because the offer did not take into account of the scarcity of copper mine of boseto quality. The anger at management stems from them knowingly or unknowingly use inaccurate information to reject Cathay statement about cost and quality.

in hindsight, investors trusted DML management because they have done a great job bringing the mine to where it is. Their capital raising of $1.20 was completed successfully. However it turns out they witheld information from all until it unravel when the delays start cropping up.

I still have faith that boseto will come up good. New blood in the company should see improvements. However another slip up and the show could be over.

this is just a brief of my understanding of the current debacle.

dyor