Surely you have to also factor in Blackrock selling that suggests you had about 44million still held - I cannot see a company that has largely imploded being held by them so I expected to see an overhang of that 44 million and in fact given that there is really no real information on what Blumont really sees as the future here I am not surprised it has sunk so low. There are just too many opportunities elsewhere IMO to get your money trapped in something that may and probably will take two years to unfold. At 6c I would jump in at 8 c I am going to hold onto my very small punt I took at 12c.
I just dont see any excitement here. Just a steady flow towards the exit until some new news.
DML Price at posting:
7.9¢ Sentiment: None Disclosure: Held
