Hi bubs, you have a point but if I stand back and look at the original plan - I think management calculated that they would be cash positive by now and therefore only sold enough shares to get to this point(so as to avoid dilution).
OK, I agree that this is probably the worst time , since the company was launched, to try and capital raise but sh$t happens and it is going to be a true test of management's ability to get us out of it.
If I had to speculate, I think that the banks are waiting for April's results before they put the screws on DML. If the results are good, they might even want to lend us a bit more - so as to avoid a TO bid.
Banks are in the business of lending money & charging interest. If things are going well, they won't want a TO because they will then be paid back their loan (ending the interest payments!!).
DML Price at posting:
34.0¢ Sentiment: Hold Disclosure: Held
