They are bags filled with shareholders money who listened to the directors recommendation to reject the CFC takeover offer because (I paraphrase from the target statement): CFC has overstated the risks that Discovery Metals faces The bid of $1.70 per share (Company valuation circa $800m) undervalues the Company Management can continue to add value for shareholders
Instead we wait 8 months and then sell 60% of the company via dilution for approx $115m.
Don't believe a word of the Shareholder Summary other than the bit that says the Company's share price has fallen dramatically.
DML Price at posting:
8.3¢ Sentiment: Hold Disclosure: Held
