"but I do think a dillutive offer now would be very, very bad for small retail players like me and would seriously damage the Company's credit in the debt and institutional markets."
a non renouncable rights issue is only dilutive for those shareholders who don't participate. assuming CF don't participate i can own a bigger chunk of the company by buying more shares at a bargain basement price. CF get diluted, everyone else concentrated.
as for your second comment, about damaging the company's credit... how can improving working capital damage credit? nonsense.
DML Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held
