DML 0.00% 1.9¢ discovery metals limited

ASF sorry for the delay in replying. Others (eg Gocu) have since...

  1. 407 Posts.
    ASF sorry for the delay in replying. Others (eg Gocu) have since posted the relevant clauses, but it was all in the 18 Oct announcement by DML:

    http://www.asx.com.au/asx/statistics/announcements.do?by=asxCode&asxCode=dml&timeframe=D&period=M3

    Apples, I am aware that those three companies have had trading restrictions placed on them by the Singapore Stock Exchange as a result of bubble trading, but as the Platinum bond depends only on the Blumont SP, I can't see how the SP of the other two helps us.

    As for Platinum, does anyone have links to info on this mob? The best I have found is:

    http://www.platinumlp.com/

    "Platinum Partners (the “Firm") is a New York based investment management group with more than $1 Billion in assets under management. The Firm was founded in 2003 by Mark Nordlicht, an investor with over twenty years of experience in the asset management space. The Firm manages multiple funds, including Platinum Partners Value Arbitrage Fund"

    If this is the one, $1bn is not a huge fund, and to put 20% of it into one somewhat risky investment seems a bit unusual to me. The term "Fly by night" comes to mind. What do others think?

 
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