MBN is a different kettle of fish. They have customers- only 2- and one has pulled out, and the other's contract only goes for about a month. Copper companies always have customers, as do gold companies. Despite what people say about gluts, there is clearly enough demand to meet supply with copper co's. Hence, it is not a matter of DML losing customers, but doing what it does more cheaply (it really needs to make an ANN like PDN did today- cutting corporate cots, and doing better with its assets). DML is more steps ahead than MBN and PDN, though, in that it has a partial solution to its debt problems. All debt will not be paid out by Blumont and the upcoming SPP, but I get the feeling that Blumont is thinking ahead, and is waiting for DML to pay its own way, once it has the majority of its debt sorted out. MBN could face administration, PDN could face another capital raising next year, but DML seems, at least partially, sorted- for now.
DML Price at posting:
8.0¢ Sentiment: None Disclosure: Not Held
