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5.8¢ dmc mining limited.

Ahh, got wrong web site - so there are two DMC Mining companies?...

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Zixio

525 Posts.

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09/11/22

22:54

Post #: 64681642
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Originally posted by Zixio: ↑

Researching and trying to understand this company...

1). The web site makes it looks as though the company is a contract driller with extensive experience, yet the prospectus and activities report read different - that the company was incorporated on 2 March 2021 for the purpose of identifying, acquiring and developing prospective nickel, copper, gold and other base metal assets — leaving me confused to how the web site relates to the recent incorporation?

2). Secondly, with $3.4 mil cash — surely a placing is coming to fund any mining activities and commercialisation of assets following the return of tenable results for each project/activity. Does the company intend to sell the licenses should favorable results be returned, or mine the assets themselves?

Pointers to the above greatly appreciate - I may have made a number of conclusions that are completely wrong, hence asking for information from those which much more knowledge and history than I to put me straight.

Thanks in advance

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Ahh, got wrong web site - so there are two DMC Mining companies? related?

Above questions (Q2) about £3.4 mil cash meaning a placement, and to sell the licenses, or mine the assets themselves pointers would be very helpful. Thanks.

DMM Price at posting: 14.5¢ Sentiment: None Disclosure: Not Held
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