Now here I would like constructive responses
Unlike some sprukers here I do have a sizeable holding of 385,000 shares at various high and low prices so I am entitled to voice my concerns at a foreign entity managing and perhaps controlling everything.
Look at this
Dml has debut of 160 mill give or take
Equity today valued at 38 million
Tax losses I think over 350 mill
Resource copper billions and silver tens of millions and perhaps much more
If I was Blumont why stay in Australia!!
They could buy the debt at a premium and either piss the shareholders off (they have no loyalties to us why should they) or be generous or even ultra generous and take over at 10 cents
Out saviour are the tax losses but our destructor is limited government help and far less taxes in Singapore and the ease of gaining future funding locally. So in my view a 200 m purchase they go and we are rooted.
I accept this is rough but I'd like somebody to say I'm totally wrong and that Blumont will be happy building shareholder wealth in an Australian company. Me don't thinksso.
Baron
Now here I would like constructive responsesUnlike some sprukers...
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