I agree with you wholeheartedly, and I know that DML need the money to make the transition to a copper producer. Also the analogy with the housing market may have been a poor one.
However, I would have thought that it might have been a better strategy to raise the capital through a staged release of the stock via a broker (on their behalf) at a price that was optimal in the market at the time, rather than dishing them out in bulk at a discount. The former strategy may have flaws but the latter strategy has primarily just dropped the SP down top the discount price.
I suppose DML are primarily a mining company not a hedge fund, But I do get bewildered by these placements. Look at MNC. A forthcoming placement is driving the price down and it will probably wind up around the price of the placement.
This is all a steep learning curve for me. But the best way to learn is ask the questions. And to me this all seems a little hamfisted.
Cheers for now
Collingwood7
DML Price at posting:
$1.12 Sentiment: None Disclosure: Not Held
