DML discovery metals limited
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blumont about to bid for cka

  1. smoke123
    336 Posts.
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    04/10/13
    11:36
    Post #: 12406874
    Blumont looks like they are about to bid for CKA. They are in trading halt in singapore having announced they are about to buy a coal company for 145m sgd (one would assume this is cka)
    The great news for DML holders is Blumont took a stake in CKA at 16c 2 months ago (vs last price 23) and now is bidding for the lot at big premium to 23c.
    This has to be bullish for DML given the convertible strike is at 15c
    DML Price at posting: 7.9¢ Sentiment: ST Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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