re: Ann: Targets Statement - Board Recommends...
Whether DML goes for $1.80-2.00 depends mostly on the institutional shareholders to a large extent. The trump cards the Directors need to pull out of the deck ASAP are some good drilling results for Zeta NE, NE Mango 2 and Aphrodite. The best news they could deliver in the next few weeks would be some epic drilling results from Aphrodite - showing a very high possibility of another 3m tonne pa mine. That would justifiably add another 50c - $1.00 to the fair value of the Company.
I don't want this company taken over until they've had another 2-3 years to explore the majority of their Kalahari copper tenements.
The track record over the past few years points to likely success.
Please institutional shareholders - think long term on this one.
DML Price at posting:
$1.69 Sentiment: LT Buy Disclosure: Held
