on the scale of things (remember this 'little' mine in Botswana might have a shelf life of +25 years? in mostly copper rich sediments) the debt is actually miniscule. DML just had a few wrong decisions and then slaughtered by the Chinese...ie. they didn't raise funding earlier so that debts should have been payed and managed on time....once the rich sulphide sediments are breached and mined (this is happening as we speak) the actual debt would be cleared in a relatively very short time frame. The potential profit of this company is actually enormous.
The problem is the funding to pay debts in the short term, that's where we failed. It's not that the total debt is ridiculously big, as some seem to think..think about that! Also Botswana is one of the most friendly mining company in the World - no wonder the Chinese are playing all the dirty tricks under the sun to get their foot in the door.
DML Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held
