The fact that DML came out of suspension backs up the statement that a capital raising is not the intended path. Otherwise the stock would have remained in suspension whilst the capital raising proceeded.
The SP fall since trading recommenced is exactly why it would have remained suspended if a cap raising was going to proceed.
Whether deciding not to do a cap raise was purely a proactive Board decision or not - i.e. did the Board considered a cap raising but got no institutional support? - is another matter.
The fact that the SP (now at 18c) is nearly 1/2 what the lower bound of CFC's indicative not-an-offer is shows that the market has little faith in CFC's credibility.
Possibly a massive stag for anyone brave enough to have a crack (not me!).
Cheers John
DML Price at posting:
18.2¢ Sentiment: None Disclosure: Not Held
