DML 0.00% 1.9¢ discovery metals limited

Ann: Rights Issue Successfully Completed raising , page-18

  1. 1,097 Posts.
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    re: Ann: Rights Issue Successfully Completed ... OK, so the price has dropped slightly more than my max 5% prediction but I am sure that from Monday onwards it will consolidate and then continue its upward path.

    The way I think of capital raising is that it is not as if the money was raised and then lost. That money will be used to buy plant & equipment (and the odd salary) - so it will still be in the company - just not in "cash" form...

    If you look at

    http://www.kitcometals.com/charts/copper_historical_large.html

    You will see that the price is going up & up and the stocks in warehouses are going down & down.

    Its a good time to be invested in DML !!
 
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Currently unlisted public company.

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