Management does what they say, when they say and for how much they said it would cost (so far).
I am looking for the following in the next 18 months:
- an upgrade to Boseto over the next year to between 60-70k tonnes of copper per year
- a discovery in the mid Kalahari section big enough to warrant another mine.
Management isn't dressing up this for resale - but if a big enough offer came I am sure they would consider it. The shareholding is reasonably tight though, so anyone wanting to build a decent stake before announcing a takeover offer would have to work pretty hard.
DML Price at posting:
$1.34 Sentiment: LT Buy Disclosure: Held
