DCX 0.00% 0.2¢ discovex resources limited

SeussA full takover would not be sought I presume your estimate...

  1. 2,866 Posts.
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    Seuss
    A full takover would not be sought
    I presume your estimate of the shareprice at 1c is a typo and you mean 0.1 c
    Dcx is not in a good place
    Most of Carnabys value is in tenements they own 100% They also are cash rich and have extensive Queensland tenements plus WA
    The fair value option would yield very few dollars
    This would be the only route for Dcx if Carnaby decided to mine on ground where Dcx has 17%.
    Next alternative is cash through a raising
    As the share price has fluctuated between 0.001and0.002 in the last 6 months the likely price would become the raising price of 0.001
    the good news is Carnaby MD is a pretty good sort and I am sure he will offer a fair price providing you dont have unfounded dreams
    Discosure I sold my holding sometime ago at 0.004 but good luck to all and hope yopu have enough to launch your new dreams

 
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