have anyone considered this?

DML is about to take on a 15% placement to some unknown party(s) in order to raise $3 Million in order to boost our cash flow. Per the debt covenant, the African operations must have a minimum $3 million in the bank account at all times. (see page 5 of the reprofile announcement).

So someone could potentially be our largest shareholder soon. plus Blumont at the moment still held onto the shares and wind have been taken of their sail by their ongoing turmoil and other activities.

so who would that new party(s) be?

Also there will be a large dilution by the end of the year. (see page 6 of the reprofile announcement). There is every possibility that we need to do a 1 for 1 rights issue in order to raise sufficient funds to fund zeta underground mining. If previous announcement is to be taken, we will need about $30 million to do so. after the 15% placement (which will bring our IC to approx 645 million) that will need to be done immediately, we are looking at about raising $30 million via a 1 for 1 right issue. this is assuming that the rights issue is done at $0.05 per share.

although my estimation is we are at cash flow positive, these lot of cash is desperately needed to rebuild our depleted bank balance. so that money is out of bounds.

so some holders may realize this and sit back and await the upcoming capital raising to buy in instead of on market at the moment.

As i have said a few times, your charts are not an accurate measure of DML. conduct your risk management and research. Hyping this share is not going to do you any good.