director selling, page-52

Look at the deal Blumont did with PPVAF, Blumont need their sp above 20c to get the deal go through and Blumont sp is sinking day by day currently trading around 13c. Blumont is buying DML on credit card and the looking at the term, it’s like get money no matter what will happens next. It’s my observation; everybody has choice to interpret the terms in their own way. Again someone may wish to conclude that Blumont has been doing wrong deals from sometime like one with DML so it’s sp tanked from highs of SG$2.54 to 11 cents. I don’t think Blumont can save DML but higher cu price surely will. When the cu price moves north of production cost, you don’t need Blumont rather every big player will be ready to grab it at premium price as resource in the ground is not a question. I am sure you will be rewarded if you hold long enough and the question is can DML survive till then. Good luck