great buying opportunity?, page-4

bkiwi, I have to disagree re DML, and here's why:

* WCL: improving their resource, making an investment case compelling; offer not on the table YET, and if this one doesn't happen, another company might come in, because WCL is becoming a better company, not a worse one.

* DML: Had a major shareholder (M&G, who are often net buyers), sell DML shares because they were very angry- with management, so it is said. DML then got an "offer" (maybe not sincere, but it was still an offer)- and then it wasn't. Since then, DML has had higher cash costs, lower reported grades, and breached its debt covenants.

If a takeover falls through, WCL will fall, because that it what always happens, but the fundamentals are there with WCL. DML is a basket case, and the share price reflects that.