Ann: Ballard Mining Limited Prospectus, page-3

First 3 Last

Share
Profile

Follow
Playinforfun

456 Posts.

134

31/05/25

08:42

Post #: 79260850
Share

Originally posted by BerserkWarrior: ↑

Decent assets suite between Li & Au alongside the healthy balance sheet. That's where the good part of Delta's story ends. The worst part is the BoD here is the arguably self-serving management style. Shareholders could & should be doing so much better but ultimately are held hostage by a Board looking to embed & secure their own futures at the expense of the fiduciary interests of shareholders. It's not uncommon on the ASX of course but it doesn't excuse unconscionable conduct.

The structure of the proposed spin off is abysmal. DLI shareholders only get a very small bite of Ballard directly, it's token & almost half of it will remain with DLI and yes as a DLI shareholder you still retain exposure indirectly to Ballard via your DLI holding along with a small in-specie award to which you can add to in the float. The gold asset is promising (esp in this environment) & I particularly like having the nominated Chair to keep the DLI leeches on the Ballard Board honest. DLI should retain no more than 20% of Ballard on its listing. Yes, $20-25mil of cash should & needs to be raised to kick off it's exploration program funded by a raise with DLI shareholders getting preference for additional scrip in the listing. The balance should be an in-specie parcel of shares for DLI shareholders which is multiples of what DLI are proposing to pass onto its shareholders.

Disclosure:- I purchased DLI as an arbitrage on its gold assets in Sept last year hoping to get decent exposure to an asset who's value is masked by DLI's Li focus. Can't see my thesis working with the current proposal and I'd say the market agrees....initially the proposal was greeted by a minor re-rating which has since disappeared with the realisation of the proposed structure of the spin-off.

Vote "No" to the proposal

Expand

Well said.

DLI Price at posting: 18.0¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

IXR

Ionic Rare Earths falls -7% as momentum slips on vague production update

HAR

Haranga jumps +7% on Lincoln acquisition

HotCopper Trends: Wall of quarterlies dominate; then there's Micro-X & Ionic

Oz core inflation at 2.7%; August cut odds still unclear; ASX200 rises

NUZ

Neurizon inks $1.5M loan against R&D Tax Rebate

First 3 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 16.5¢		Change 0.005(3.13%)		Mkt cap ! $118.3M

Open	High	Low	Value	Volume
16.3¢	16.5¢	16.0¢	$49.07K	303.5K

Buyers (Bids)

No.	Vol.	Price($)
2	501459	16.0¢

Sellers (Offers)

Price($)	Vol.	No.
16.5¢	17677	5

View Market Depth

No.	Vol.	Price($)
2	501459	0.160
16	751088	0.155
26	896301	0.150
4	86966	0.145
2	37450	0.140

Price($)	Vol.	No.
0.165	17677	5
0.170	372673	11
0.175	270459	5
0.180	195387	7
0.185	244954	6

Last trade - 13.11pm 30/07/2025 (20 minute delay)

DLI (ASX) Chart

Ann: Ballard Mining Limited Prospectus, page-3

Ionic Rare Earths falls -7% as momentum slips on vague production update

Haranga jumps +7% on Lincoln acquisition

HotCopper Trends: Wall of quarterlies dominate; then there's Micro-X & Ionic

Oz core inflation at 2.7%; August cut odds still unclear; ASX200 rises

Neurizon inks $1.5M loan against R&D Tax Rebate

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Ballard Mining Limited Prospectus, page-3

Top Stories

Ionic Rare Earths falls -7% as momentum slips on vague production update

Haranga jumps +7% on Lincoln acquisition

HotCopper Trends: Wall of quarterlies dominate; then there's Micro-X & Ionic

Oz core inflation at 2.7%; August cut odds still unclear; ASX200 rises

Neurizon inks $1.5M loan against R&D Tax Rebate

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News