centro11,
Blumont is only worth about 20 cents and is probably trading at a realistic value!
Its current selldown IMO is due to people buying shares @ 5 cents via its SPP!
Blumonts SPP raised approx. 50 million and hence, Blumont don't need cash like DML.
Whether, Blumont can find a lender for 100 million bond @ 5% is another question and we wont know this until DML shareholders vote to approve it and then ......
