DML 0.00% 1.9¢ discovery metals limited

12 month low, page-21

  1. 597 Posts.
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    If you have good news at hand then I'd think you'd get it out there, but that's just a self serving line of thinking.

    It might be more efficient to write the information up once rather than again in the quarterly a week or two later. And a company shouldn't be worrying about it's daily share price unless they're looking to raise equity capital or if there's lending covenants perhaps? But yeah, my simple mind thinks if there's good news then get it out there.

    DML hardly needs to pander to their retail investors, I'd think they'd be more worried about their larger investors.

    The take over bid was announced 04/10/12, so you could understand that month's update being pushed out to the qtr'ly, which was a few days earlier (22/10/12) than the normal month end or last couple of days, in order to deal with the chaos of the bid.

    September wasn't a particularly bad month, concentrate production had tracked up strongly and the grade was high. I don't think the delay of the production update has to signal bad news, it may simply be that the work is being allocated to the quarterly, such as all the costings reporting.
 
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