DML 0.00% 1.9¢ discovery metals limited

blumont response, page-76

  1. 647 Posts.
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    Deepestred
    Alot of the responsabilities of ASX as corporate watch dog was surrendered to ASIC by fed gov last year.

    Although this deal has gone through. The $100m capital raising could fall over.

    What recourse has Blumont group to recall loan.

    Sandfire although very profitable ($88m maiden profit after tax)went back to their lenders and renegotiated their loan successfully.

    From Tuesday the ASX is offering Renounceable rights issues, which I think are more fairer than Placements.
    This is what DML should have done in the first place.
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