DML 0.00% 1.9¢ discovery metals limited

latest update on voluntary suspension, page-33

  1. 597 Posts.
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    What are you talking about, why would the institutional investors accept $484m for this copper resource and operating plant sittign ontop of it? WTF?? Some 'odd' retail investors might be prepared to evaluate a $1 bid relative to the VWAP or last price, but come on, CFC low balled with $1.70 (lower than the low end of the independent analysis) and failed with the institutional investors.

    The board couldn't give a stuff about what some punter is willing to let his shares go for, these morons make up about 0.05% of the register.

    No one would embarrass themselves by lobbing a bid under $600m.

    Come on Sydney, what does that cheque in your hand have on it? $1.03 a share, good luck pal.
 
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Currently unlisted public company.

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