re: Ann: ACN: DLS: Drillsearch Offer for Acer...
Well, simply put, I was correct in my musing regarding DLS cash position.
They are now in trading halt in regards to a capital raising.
I happily admit that DLS has gotten a great deal with ACN, however, the reality is that lots of work is being undertaken in DLS current and soon to be new tenements as well.
I sold DLS last week around the $1.65 mark.
Hopefully it drifts lower over the next couple of weeks/months for another entry. Be interesting to see how large a raising they will undertake. My guess is $50 million priced at $1.40.
Good luck to all holders.
DLS Price at posting:
$1.47 Sentiment: LT Buy Disclosure: Not Held
