DKO dakota minerals limited

Ann: March 2016 Quarterly Activities Report & Appendix 5B-DKO.AX, page-5

  1. 6,296 Posts.
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    A few things
    1. Targets point to significant future upside at Lynas find-sounds terrific
    Only issue I have is that at $1 our market cap will be $450m,without anymore cap raising,which we are certain to have
    The reason why slipstream and Asgard are selling is to free up cash because when we hit a JORC of 15mt they would have received another 60 million shares as well as their 40m options,
    And they have 100m shares they have already been issued
    That's a lot of shares
    I see why they gave the Tenememt away
    They can sit Bak,let DKO do all the work and make 100s of millions of dollars
    IDE be selling as well if I was them
    We also have another 70m in performance options as well
    This does seem like a lot of shares to come onto the market over the next 18 months but I'm positive the resource we have will prove up greater than AJM at a Better grades than PLS
    I won't be happy with DKO proving up anything less than [email protected]% in 18months
    We will be a $2 stock in 12 months
 
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