The directors did the right thing, i personally would reject the $2.20 offer per share!. If the takeover is successful, the current debt providers will elect to call in their loans on the change in ownership and CFC wont have the funding to replace the existing debt lines hence a total checkmate for DML not to mention the significant danger in being caught as a minority if CFC bid is successful.
Before the takeover news came out, DML was hovering around $0.90~ $1.70 at its peak. Its a copper producing company with the top 20 holders own more than 80%. They already built the plant,the infrastructure and lots of copper underground...heck at this current price i would keep on loading as much as i can.
DML Price at posting:
69.0¢ Sentiment: Buy Disclosure: Held
