It is also worth considering how highly manipulated the share price appears to be at the moment:
Trade No. Time Price Volume Value Conditions
1 4 4:10:57 pm 17.5 1,000 $175
2 3 3:59:58 pm 17.5 2,500 $438
3 2 3:59:58 pm 18 10,000 $1,800
4 1 3:04:00 pm 20 400,000 $80,000 Crossed
The last order on Friday being an off screen sell order at 3:59.58 to sell down the stock so it closes at 17.5c suggests that there is someone out there who wants to see their 400,000 @ 17.5c filled next week.
It is very disappointing that such a low liquidity stock can be manipulated by what is effectively pennies.
I for one just want to see the AGM done and dusted with stable management running the company for the purpose of developing the iron ore mine and not constantly fighting off litigation attempts.
We see in the annual report that DMA has had to spend $410,000 on legal fee's and is now trying to recover those funds - definitely what you do not want the company focussed on as a shareholder.
On that basis, I am still not sure if any of the candidates that have nominated themselves to be a director are actually what this company needs.
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