At the very least, if DML reject the terms it should support the sp going forward (in case of other offers) and make instos more keen to participate in the placement. We may even find that DML comes out of the trading halt at much higher price with investors bidding up the shares in order to participate at sub 30c (... in case of other offers). In a way this happened with MacMahon, where by the closing date for participation at 16c the share price had risen into the high 20s as Sembawang were having a crack at their construction business in competition with Leighton (though MAH has now crashed back to 18c, one had ample opportunity to bail with a nice tidy 50%+ post capital raising).
If the offer is rejected I'm buying up big time before the next predator comes around the corner.
Good luck all.
DML Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held
