Same thing was said to me about VRI. I have read both prospectus' and at 20c and 7c respectively they would be good buys. But CFO at 60c? A $60m MC on listing when the prospectus has effecticely valued the company at $20m with a 20c raising price.
Not for me imo.
DLE is a simple maths equation. They got shares initially at.009 I think. Pumped and sold around the 2c mark. It dropped down and they got shares again at.011. Now up again where a smaller amount is being distributed. They having made there money now will probably wait for drilling to distribute what they want. .009 raising was cheap to begin with.
CFO Price at posting:
20.0¢ Sentiment: None Disclosure: Not Held
