DML
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0.00% 1.9¢ discovery metals limited

finance plan

  1. bubsmark
    10,450 Posts.
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    22/04/13
    11:07
    Post #: 11672251
    Anyone heard what the plan is?
    Smells like a large capital raising?

    MELBOURNE, April 22 (Reuters) - Discovery Metals Ltd's top shareholder and former suitor, Chinese private equity firm Cathay Fortune Corp, said on Monday it will not support the Africa-focused copper producer's plan to shore up its funding.

    "We strongly oppose it and will not participate," Cathay Fortune Corp said in a statement emailed to Reuters.

    Discovery Metals went on a trading halt on Friday pending an announcement on a financing plan. (Reporting by Sonali Paul; Editing by Richard Pullin)
    DML Price at posting: 34.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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