LRL 0.00% 1.6¢ labyrinth resources limited

takeover offer questions, page-10

  1. 162 Posts.
    anferni

    Great post. You are right, MLI is a discounted buy of DRD shares for those who believe in the future of this company. The MLI takeover, if it takes place, is a major bargain for DRD and will be a significant milestone towards the transition from a costly underground mining venture to a less-riskier tailing producer.

    Bottom line is that MLI shareholders will benefit from the discount if the deal gets done and, even if not, there is upside in the sp. I assume the management is willing to support the takeover and the only parameter is the price to be paid.
 
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