DRM 0.00% 33.0¢ demetallica limited

I cannot sugar coat it , I am disappointed .It all comes about...

  1. 4,769 Posts.
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    I cannot sugar coat it , I am disappointed .
    It all comes about because of how they structured the IPO .
    MEP shareholders got shafted there with the price struck for the IPO implying the assets passed from MEP to DRM was only worth a little over 1cent per MEP share when the tax dept accepted it was considerably more .

    I cannot complain because I made a lot of money out of MEP and I will make good money out of DRM .
    I bought a big holding in the IPO but I got cut back .
    MEP shareholders should have been given full application imo .

    Shame to see the exploration team could no longer have a job .

    Feel sorry for the ADN holders that bought into MEP to get cheap ADN shares and did not take part in the DRM IPO .
    Luckily I saw very early that over there the Emperor had no clothes .
 
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