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0.00% 33.0¢ demetallica limited

thx Cherry 4 ur reply.... they say they are doing a CR but we...

  1. Papabuy
    3,509 Posts.
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    20/02/18
    11:46
    Post #: 31184446
    thx Cherry 4 ur reply.... they say they are doing a CR but we don't know yet what for?
    Some say @ 28c to pay down debt ... it could very well be that reason cause they just relinquished control of their JV with AYR 51% but still retain a good foothold for the future at 49%.
    I think, considering previous comments, LJ is being very cautious to conserve cash, so IMHO it will be to pay down debt.
    You might be able to re-buy in at 28c??...never know....good luck!
    DRM Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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