dml board

There is no doubt that the position we shareholders are in today is because of certain decisions by our board.

Soon after the CFC bid was dropped there was ample time and opportunity for the board to raise additional funds to meet debt repayments and/or for working capital until the mine could become profitable.

One of the reasons why companies list on stock exchanges is for the ability to raise capital and raise it quickly.
I am still dumbfounded as to why this did not happen at a price much higher than where we are at today.

What concerns me is the current position that the board has put us in.
They are basically hanging their hopes on a deal to eventuate from one of the "several parties".

But what if it doesn't? Why did they not raise funds and then open the books. I don't care what threats the major shareholder laid down. After all the board never gave me the opportunity to tell you what I think!

Not only will DML not have any funds in a few months they won't even have a hedge book to ensure we get top dollar for any copper that is dug out of the ground.

DML is therefore screwed no matter which way you look at it.

I'd love to hear some options on how we can get out of this mess!