If I wanted DRM I'd buy it on market! this management is starting to get on my nerves. If they want to play investment managers then they should say so.
IMO, the capital raising is likely to be in regards to funding MtMagnet, previously the directors had said the reason dividends were not paid this half was because of uncertainty in relation to costs with MtMagnet... especially if they want to take the expansion option.
How feral must shareholders be now? the results from WD are starting to become sub-standard and hence less cash flow from WD operations, a few million doled out to directors in bonuses and salary hikes, a few million to pay for DRM shares... and now IMO the shareholders are likely to be asked to cover the shortfall in the MtMagnet budget!
capital raising ?, page-22
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Last
$2.28 |
Change
0.040(1.79%) |
Mkt cap ! $2.617B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4480 | $2.27 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.28 | 49440 | 5 |
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