a focus on dml trading status

Was the board correct in lifting the trading halt?

I cannot find a single reason for them to do so under these circumstances and would appreciate any comments.

As a comparison VRX (Copper in WA) has been in TH for over 2 months now. They have been in talks with several parties regarding a potential 'transaction' and they do not look like coming out of this halt til they are good and ready.

The only difference between them and DML is that DML's SP was in a period of greater volatility and DML recently had an (allegedly) insincere bid pulled on it by a hostile and predatorial foreign company- whom have now re-engaged in a low ball t/o offer and are being abraisive towards the directors of DML via their recent public comments.

Why then, oh why did the directors leave their company open to this thrashing?

I don't believe them to be so dumb (please no!)

Have our directors been under duress by interested parties?

Banks? No - I doubt they would want their debtor's market cap to disintergrate to a point where any CR would become unwieldy.

Institutional shareholders with deep pockets? hmmm we'll see.. but together IMO they form the most powerful stake

Our Chinese friends? I find it hard that they could have so much legitimate sway on the board (illegitimate threats relating to future board positions, yes)

At anyrate, I am of the opinion that our board have acted illegally and I would support any enquiry into their actions once the dust has settled.

I will be voting them all out at the next AGM if we ever have one.

Their only redeeming option IMO is to pull off a t/o far in ecxess of CF's current indications