My prediction for the upcoming quarterly is that cash costs will still be over $3 per lb, maybe even pretty similar to the $3.50 odd of the last quarter. My reasoning - if there was an obvious substantial reduction in cash costs there would have been more interest from credible parties in the recent refinancing proposal. Instead we get a proposal from a hedge fund no one has ever heard of at 5c per share.
Where are those directors who advised us that $1.70 per share was too low and we should not sell to Cathay? Perhaps they would like to recapitalise the company at the bargain basement price of $1.00 per share.
I'm only holding because it can't get too much worse.
Charts don't lie.
DML Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held
