The reality is that there is no path to production for Jericho under DRM management just more capital raisings that will dilute shareholder value over time. A1M has a clear path to production as they own the infrastructure to take it there.
Don't focus on just the 1.5 DRM shares for each A1M share transaction. If this takeover goes ahead, A1M shares will be worth a lot more as the market will likely re-rate A1M immediately after. If the takeover doesn't go ahead, DRM shares will go back to 20c as any perceived increase in value will evaporate when the takeover offer fails.
DRM shareholders are better off with A1M in my opinion.
DRM Price at posting:
31.5¢ Sentiment: Hold Disclosure: Not Held
