DML discovery metals limited
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DML currently has a portion of copper hedged until December. In...

  1. bubsmark
    10,950 Posts.
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    24/09/13
    09:06
    Post #: 12363887
    DML currently has a portion of copper hedged until December.
    In short they are still getting good money for what they are producing.

    BUT they are still bleeding money.

    What happens when this hedge runs out in December?
    If spot prices remain the same DML will bleed even more.

    What I want to see is a management plan on how they intend to turn things around. This is fundamental on DML surviving and I still not have seen one.
    DML Price at posting: 10.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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