For an illustration of how MQG might act as a substantial shareholder in DML, look at its actions on the register of a certain ASX and TSX-listed, West African domeciled gold play.
Macquarie got in early with a big stake - above 15% at one point I think.
But in the past 12 months it has been an active seller and shorter with the result that its stake has dwindled to less than 7%.
This has not stopped the stock from trending upwards - approximately 230% in 13 months - but it would be interesting to know how the SP would have behaved without this overhang. I'm not saying MQG will pull the same stunt at DML. But it has form.
Cheers,
Apataki
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