DML discovery metals limited
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breach of debt covenants - overdone, page-2

  1. bubsmark
    10,902 Posts.
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    20/02/13
    22:59
    Post #: 11446343
    In addition to the above....

    The independent firm commissioned to value the company had access to DMLs data room. CFC and their brothers at Citi did not.

    Who should we believe.

    Even if the independent expert was wrong by 50% DML should still be sitting at around $1.

    My guess is that some hedge funds bought up hoping to make a bit in the TO offer. Total accumulation would have been less than 5% so no disclosure to the mkt. The takeover didn't turn out as they planned and are now selling.
    DML Price at posting: 65.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 9  Upvote
    lightbulb Created with Sketch.  Great analysis
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