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Elsham16

33 Posts.

03/03/15

05:01

Post #: 14848690
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Originally posted by Downanout ↑

"I cant see why CP wouldn't see the value in the company and either go through with a similar deal or make a new offer. The value in the company (resources and exploration ground) that encouraged them to make the original offer has not changed."

About the only faint hope, and it probably subtends about the same arc as a pin hole at 100 metres - is that Castlepines don't just walk away because the deal is messier now, but rather decide to dig their heels in and not let DML be snatched from their grasp by Cupric for a pittance.

Even with the CP deal outlined in the MOU, the thing that few if any seemed to grasp was that the future value of the DML shares was going to depend on the unspecified "coupon" rate to be paid to CP for the money they were going to put up, via the preference share arrangement or whatever it was going to be. That could have sucked out any profits for the 20 year term and left little value for the shareholders.

Still I would have liked to have found out what the CP deal was.

If the CP deal had any legs it's hard to see why the lenders decided to scuttle it at this point. Aside from the various conspiracy theories, perhaps with the appointment of the new CEO at Standard Chartered, the CEO or some lesser minion decided that they needed to get this sh#t off their books once and for all. It would depressing if it was just that arbitrary and coincidental.

Commiserations to all the others like me who didn't have a seat when the music stopped.

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Interesting that you know who the GLs are? How did you find that particular piece of info out? If the deal didn't have legs the board would not have supported it. CP and CC are not the only ones interested in the bargain that DML is.

DML Price at posting: 1.9¢ Sentiment: None Disclosure: Not Held
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Interesting that you know who the GLs are? How did you find that...

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