Deepestred Alot of the responsabilities of ASX as corporate watch dog was surrendered to ASIC by fed gov last year.
Although this deal has gone through. The $100m capital raising could fall over.
What recourse has Blumont group to recall loan.
Sandfire although very profitable ($88m maiden profit after tax)went back to their lenders and renegotiated their loan successfully.
From Tuesday the ASX is offering Renounceable rights issues, which I think are more fairer than Placements. This is what DML should have done in the first place.
DML Price at posting:
7.4¢ Sentiment: ST Buy Disclosure: Held