Agree Mr Fin (and agree with Maplelegion)...not to mention they would have significantly less cash right now had they not made the attempt.
So yes more shares on issue, but alot more cash and therefore able to take opportunities like acquiring DRM (plus corp actions they have already done).
DRM's project will be a very important blend feed for Mt Magnet (again I am just assuming they will have a tilt at the whole company) and therefore a very astute acquisition. Probably the only one better I can think of over the last couple years is NST's acquisition of Intrepid's Paulsens project which has done wonders for its SP not to mention long term prospects.
Of course they MIGHT just want an investment in it (Gordon referred to it as a worth investment - see article on DRM board).
Cdchi1
grade is king /cash to secure grade ! , page-6
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