if you look at the price/volume charts, DML always rises on large volumes.. but falls on low volumes. My guess is the big players are not interested in selling this and is a long term hold for them. With a single asset that was valued at $500 million a couple of years ago surely the same is worth a bit more than what it is now. To me this is a great bet and entry point for a multibagger - but requires patience.
The huge loss they posted was a one time impairment of over $200 million to the asset value. Does this mean they still value it close to $300 million?
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lets look at solutions rather than problems, page-2
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Add DML (ASX) to my watchlist
Currently unlisted public company.
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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