DML
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0.00% 1.9¢ discovery metals limited

deterioration of reserves

  1. lys123
    69 Posts.
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    23/01/13
    11:27
    Post #: 11323837
    I have a look and made a comparison between announcements.
    CF investment is right that:
    - the reserves is overstated than it should (zeta pit)
    - the cost $1.83 is higher than what dml mentioned $1.58/t (Page 27 of DML Target Statement Reject Offer).

    Looking at the 2nd statement from DML, the CF target price $1.70 seems attractive.

    This is only my opinion.


    DML Price at posting: $1.43 Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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