DML discovery metals limited

Snorky, the contradiction you fail to see is that if we called...

  1. 36 Posts.
    Snorky, the contradiction you fail to see is that if we called it wrong and are simply making excuses, why is it CF wants this asset a second time inside 4 months when no new information about costs or other fundamentals has emerged? Why throw more good money at a bad asset and why frustrate a capital raise which could help the company to rebalance itself to save their investment?

    Easy, because CF believe its a unique and potentially lucrative asset (as the remaining holders do) and want it at the cheapest possible price. And if there is one bidder that believes this, rest assured there are others - so, a stock that tanks in face of such 'demand for the underlying asset' reads only one way as to has happened behind the scenes.

    This is not a conspiracy theory or excuses here, its just being aware of the overall dynamics at play.
 
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