Ann: DRX:Bidder's Statement in relation to takeover offer for MLM, page-12

First 12 Last

Share
Profile

Follow
dgb99.94

498 Posts.

81

29/03/24

08:51

Post #: 73115315
Share

Originally posted by Arcpro ↑

I'm sorry but I don't think it will go any more than 3.8-4.2 ...and only if somehow we manage to get more than the current offer.
If you have time up your sleeves and willing to wait, u could get the DRX shares and wait, the project won't go to waste IMO.
Don't follow the ideal dream (MLM to production), follow the money.

IMO, DYOR.
Hi Arcpro
"If you have time up your sleeves and willing to wait, u could get the DRX shares and wait, the project won't go to waste IMO." - I am not sure about that. I had a look at DRX annual report and found a couple of interesting things. It would be good if someone with a better understanding of such reports has a look at it. Here is what I think I saw.

DRX and MLM already have a partnership in a copper / gold deposit at Clermont QLD.

Sibelco has 26.8 % and Ilwella 21.04 % ( With a very recent issue of shares) in DRX. I can't see any obvious Sparta ownership.

The DRX BOD which includes Wayne Duck former Labor treasurer have 10's of millions of options at low excise.

Most interesting ( Note 7 ) Sibelco have a joint venture (50/50 say ) on the project with only a 10 % monetary interest in the project. If this is correct it's very problematic IMO.

Also I recall Malcolm D sometime back commenting on Himself reducing His holding . for those that don't know - Malcolm D did a great job in exposing the former BOD ( incompetent at best , corrupt at worst) and took a welcome hand in installing the current BOD.

On the above , I don't think I could be a confident holder of DRX shares. Best outcome for MLM holders would be Mitsubishi swallow it on fair terms but my hopes of becoming a producer and 10 cents plus and growing MLM shareholder and therefore reasonable reward for decades of patience would be gone.

Expand

MLM Price at posting: 2.6¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

CUV

British study shows Clinuvel drug effective on DNA of UV-damaged skin

KGL

KGL sniffs 19% Cu from drilling at Rockface play in NT

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

TVN

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

RHI

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

There are more pages in this discussion • 29 more messages in this thread...

First 12 Last

Add MLM (ASX) to my watchlist

(20min delay)
Last 2.0¢		Change 0.000(0.00%)		Mkt cap ! $19.19M

Open	High	Low	Value	Volume
2.1¢	2.1¢	2.0¢	$10.08K	501.6K

Buyers (Bids)

No.	Vol.	Price($)
1	315817	2.0¢

Sellers (Offers)

Price($)	Vol.	No.
2.2¢	416861	1

View Market Depth

No.	Vol.	Price($)
1	315817	0.020
1	300000	0.018
3	933950	0.015
3	166200	0.014
2	550000	0.012

Price($)	Vol.	No.
0.022	416861	1
0.023	994582	3
0.024	920848	2
0.025	531835	2
0.026	71000	2

Last trade - 11.13am 05/07/2024 (20 minute delay)

MLM (ASX) Chart

Ann: DRX:Bidder's Statement in relation to takeover offer for MLM, page-12

British study shows Clinuvel drug effective on DNA of UV-damaged skin

KGL sniffs 19% Cu from drilling at Rockface play in NT

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: DRX:Bidder's Statement in relation to takeover offer for MLM, page-12

Top Stories

British study shows Clinuvel drug effective on DNA of UV-damaged skin

KGL sniffs 19% Cu from drilling at Rockface play in NT

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News