So what to do now?
Be patient.
Remember this is non binding - so it means next to nothing really
I believe with the combination of quality Company management, a producing mine and highly prospective tenements, there are 2 possible outcomes here.
1) Directors do not recommend the takeover and eventually Cathay increase their bid, or other suitors come out of the woodwork; or
2) Directors do not recommend the takeover, Cathay goes away for now, and further drilling discoveries and mine capacity increases result in a higher Company valuation.
Either way - DML is worth more than $1.70 a share
At this stage, without further good drilling results I would suggest $2.20-2.50 is a starting point only
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