Oz hasn't got enough for Discovery, and what they do have they'll need for Prominent.
Have held this since early 2010 (pre Soros/diggers and drillers). This is being set up for another tilt by a related party to Cathay. Plenty averaging down. Next offer will be around $1.50..IMO which will appear great next time around. $830m was generous and tempting considering profits could be ploughed into $1.1 b SFR with double the production profile of Boseto, and at lower cash costs (about $1/lb)from Degrussa. But at these prices, Discovery is THE standout buy in the Cu sector providing there are no gremlins at Zeta.
DML Price at posting:
63.0¢ Sentiment: LT Buy Disclosure: Held
