DML 0.00% 1.9¢ discovery metals limited

Motors, you did not read the DML Qtly well enough. DML has $2.5M...

  1. 141 Posts.
    Motors, you did not read the DML Qtly well enough. DML has $2.5M in the bank at the moment (there is a $1M internal loan, presumably to their Botswana Companie which brings the cash to $2.5M). I've also spoken to the company and they are not drilling at the moment as they are getting ready for the pre-feasibilty study. This means both your "real reasons" for the slide in the DML share price are not correct. Persoanlly, I think the reason is the market correction along with the fact that they are going to have to raise money soon if they are going to do the feasibility study next year. Us long term holders just need to ride this one out and when its over the value in DML will drive the share price. There is not much more we can do.
 
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