I cannot sugar coat it , I am disappointed . It all comes about because of how they structured the IPO . MEP shareholders got shafted there with the price struck for the IPO implying the assets passed from MEP to DRM was only worth a little over 1cent per MEP share when the tax dept accepted it was considerably more .
I cannot complain because I made a lot of money out of MEP and I will make good money out of DRM . I bought a big holding in the IPO but I got cut back . MEP shareholders should have been given full application imo .
Shame to see the exploration team could no longer have a job .
Feel sorry for the ADN holders that bought into MEP to get cheap ADN shares and did not take part in the DRM IPO . Luckily I saw very early that over there the Emperor had no clothes .
DRM Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held