DML 0.00% 1.9¢ discovery metals limited

there is a big difference between SDL and DML.SDL needs a big...

  1. 357 Posts.
    there is a big difference between SDL and DML.

    SDL needs a big partner of some sort to be able to fund development of the asset with $5 billion of infra spend. . . . or whatever.

    Being taken over is the easiest option - and they put their eggs in that basket some time ago. But the suitor has turned out to be somewhat erratic.

    DML however has a productive asset. I don't know for sure that another small equity raise won't be required (haven't studied it adequately) but ultimately if the mine hits its targets the share price will go up. They don't NEED to be bought out, while SDL does.
 
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Currently unlisted public company.

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