It is not correct that companies have had the opportunity to run their eye over DML. Remember when Cathay Fortune came up with a very good offer of $1.70 per share but was resisted by DML, who refused to disclose. For whatever reason DML insists on choosing its own suitor and they clearly want Blumont and only Blumont to take them over. I see that Blumont have borrowed $200 m, presumably for that purpose? This is a very crude estimate but if Cathay's offer of $830 m translated to $1.70 a share then the $200 m after retiring debt etc could result in more than 10 cps.
DML Price at posting:
4.9¢ Sentiment: Buy Disclosure: Not Held
