DRX 5.26% 1.8¢ diatreme resources limited

Ann: Conditional intention to make a takeover bid for MLM, page-15

  1. 237 Posts.
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    I'm totally positive Yewwwww, but the track record isn't that good with this crowd though, refer to past Ann's, Both Cyclone and Galalar are supposed to mining now. Cyclone a few years ago and Galalar last year!
    Due to management decisions, we are just playing in a very big sand pit and the share price is dismal imo.
    As for consolidation, it doesn't always go up, take a look at SVG, consolidated to 0.20c a few months back and now at 0.03c. I'm in at 0.05 thinking it was a good time to ride it (under 1mill shares, so not to much skin in) they have all the pieces in place, but things go horribly wrong when you have either bad management and/or bad publicity. I could name a number of companies that have consolidated and the s/p has fallen dramatically. But as I've stated, i still hold a small amount of shares in this company and may get in a little deeper again when the EIS is lodged. It will happen, but not this year, imo. Gltah
 
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