I think the point is at "We need to avoid a capital raising!" at 34 cents.
As if 34 cents is now the real value of a DML share.
If the sp is the real value of a share then condier this...since the share price halved from 62.5 on April 3, Comsec says only 4.7% of shares on issue changed hands at least once. IMO that's not really a rout when almost all resource stocks have taken a hit.
It took just over 0.6% of shares (3m) to drive the sp down 13% on April 3 from 62.5 to 54c. Another 0.8% of shares to hammer the share price 13.8% the next day to 46.5c. Just 1.6% of share drove the price down 25%
In the next 9 trading days 10.5m shares changed hands between 50c and 43c before the last 2 days where the share price collapsed a further 23% to 34c on 5m shares (1%).
Seems to me a trading halt is a blessing in such an emotional market. Especially with the production report pending?
We'll see on Tuesday what real value others have put on DML.
My guess is I missed a significant opportunity to cost down but Tuesday will tell.
Good luck to all holders
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