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1.9¢ discovery metals limited

It definitely is a positive step. In terms of our 10.5 cent...

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nkup

169 Posts.

26/06/14

10:06

Post #: 13573463
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Originally posted by Burnett ↑

The market should read this as another positive and step in the right direction, that everything is on track as DML continue to finalise the recap with lenders.

Where's our 10.5c benefit Mr Market ??? re $59 million debt reduction. Either the market is a real stronzo and not waking up to the upside here or I am a big time malaka currently buying under 3c for a potential 3 to 4 bagger in the short-medium term (and as was said regularly in the famous Aussie movie, The Castle - "tell him he's dreaming").

Can understand if the deal went through with Montsant at 5c, the sp would be capped at 5c for a while, however with this deal with the lenders and no set price, the sky is the limit IMHO, plus you have Transamine increasing their shareholding to 18.8% recently.

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It definitely is a positive step. In terms of our 10.5 cent benefit that will only happen once the debt reduction happens but also note that the benefit will be reduced due to the capital raising. Lets hope management can turn this company around!

DML Price at posting: 2.7¢ Sentiment: Buy Disclosure: Held
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