Thank you for your regular and thorough contributions, Andres. Do you know where their consulting advice comes from? It was startling to read how wrong some can be in their valuations. KPMG lol http://www.copyright link/business/...ng-advice-to-discovery-metals-20170615-gws88n
Big Four accounting and consulting firm KPMG is being accused of providing misleading advice to the board of failed junior miner Discovery Metals by inflating the value of the company's principal asset by as much as 40 per cent.
In a draft statement of claim, obtained by The Australian Financial Review, class action shareholders will allege KPMG gave misleading advice to the Discovery Metals board over a joint venture's off-market takeover offer in October 2012 to buy shares at $1.70 per share. At the time a Discovery Metals share was worth $1.65.
KPMG had advised the board the joint venture's $1.70 offer was not fair or reasonable because the fair market value for a Discovery Metals share was between $1.74 and $2.22.
Based on KPMG's advice, the board advised shareholders to reject the offer and the offer lapsed a month later when insufficient number of shareholders voted for the offer.
Read more: http://www.copyright link/business/...iscovery-metals-20170615-gws88n#ixzz4lArOL1V7
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Last
3.7¢ |
Change
0.003(8.82%) |
Mkt cap ! $20.41M |
Open | High | Low | Value | Volume |
3.5¢ | 3.9¢ | 3.3¢ | $128.7K | 3.586M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 120000 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 83504 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 120000 | 0.035 |
1 | 346706 | 0.034 |
3 | 700000 | 0.033 |
1 | 500000 | 0.032 |
1 | 250000 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 83504 | 1 |
0.038 | 90000 | 1 |
0.039 | 1188837 | 8 |
0.040 | 1698478 | 5 |
0.041 | 322598 | 2 |
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