Sorry, I am wrong.
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As announced on 13 May 2014, the Company is currently in discussions directly with its lenders to
negotiate a term sheet for the re-profiling of the PF FacilityandSCRFA.In line with those negotiations,
Discovery Metals is pleased to announce that the lenders have granted further waivers in relation to the
principal and interest payments owing under the PF Facilityandall amounts owing under the SCRFAuntil
30 May 2014.
The Company thanks its lendersfor their support while discussions for a binding term sheet for the reprofiling of the debt under the PF Facility and the SCRFA continue.
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This is much better deal.
I analyse DML chart this morning, 6c is still strong resistance on Friday. This is why caused sp slip back after it moved to 5.9c and tried to attack 6c because of lack of news. I wish 6c is going to be new support level.
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