any update from dml?, page-50

Possibly Otiv, then Hana and Cupric take on the debt, a couple of the DML directors get to join the expanded board, merged entity listed in Canada, Australia, South Africa and London, then they pick off MOD's project, and rename the company "Kalahari Copper", and probably do a share consolidation or buy-back, and voila, the share price rises to $2.40 in 2 to 3 years.

This would be an option for the patient, and possibly those who's investments are still well in the red, while recent buyers would rather see a sale at 35 cents and take their 100% profit.

I have to say though, it would be incredibly interesting, if the directors put ALL possible offers on the table to the shareholders and allowed a vote. I am sure this would definitely generate some passionate debate.

At the moment I think this could go either way, it's a 50/50 bet, but the fly in the ointment is still CFC, they will want something substantial for rolling over, so how much hard-ball are they going to play, and what will placate them?

My impression all along is that NOTHING will stop CFC claiming DML at 35 cents a share. If the directors do not accept the CFC bid, then I can see further legal challenges, and court appearances, and unusual changes in stock ownership, happening down the track, and possibly damaging this stock even further.

There have been other examples on the ASX recently, where a Chinese company wanted an ASX company so badly, that they went to extra-ordinary lengths to achieve their goal, the Brockman Resources debacle is just one of quite a few recent fights along those lines.

This could get very legal, and very ugly (long term), if CFC's money and honour and face, is spurned yet again. These directors may be playing with dynamite (and not realise it).

Next week "could" be fascinating.

Gw