What you don't understand with Blumont is that they have not come up with the $100 mill bond yet and the market has lost trust in Blumont!!
Blumont sp has dropped from $2.50 to 17cents in a week and with the previous man in charge selling $17 million of his shares just a few days prior to the start of the sp crash.
Now, here is the question to you - would you lend Blumont $100 million to invest in DML or anyone else?
The market clear thinks not and DML is back to the drawing board of finding someone to replace Blumont!!!
Hence, the sellout by people like Blackrock and sp under 6cents and falling.
Good luck to us long term holders.
DML Price at posting:
5.8¢ Sentiment: Hold Disclosure: Held
