DML 0.00% 1.9¢ discovery metals limited

Sorry to hijack your thread a little bubsmark, but DML...

  1. 328 Posts.
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    Sorry to hijack your thread a little bubsmark, but DML shareholders might be interested in a little light reading on the PEM thread. There area few parallels I found intriguing with their chart and current circumstances:

    1. Their share price has tapered from a 52 week high of 0.405, to a recent 0.12.

    2. They then rose to on average between the 0.16 and 0.20 mark on takeover speculation.

    3. There has been a lot of pressure on the share price to keep it low (but it didn't get sold back down to 0.12).

    4. They have now received a takeover offer of 0.35 from a Chinese Co (which appears at a premium to the recent price).

    5. Shareholders/HC Posters have variously described the offer price as very much under valued, inadequate, and opportunistic.

    Whether or not DML plays out similarly, I thought it might be worth mentioning for interest sake, and I wish PEM holders the best of luck with their predicament.

    Lairy

    Disclaimer: I am not a shareholder of PEM, have only briefly read about their situation, and as such am not as informed as shareholders.

 
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