DML discovery metals limited

Transamine May Need To take up the RRI

  1. 198 Posts.
    I see that Transamine, the Swiss Based Company initially spent $9 mill buying Approximately 12 Mill shares at $0.76 to help pay for DML to start building their mine, and will buy all copper and silver produced for a minimum five year term. In another year that term will come to its end. IMO Transamine will need to take up the offer to keep the present percentage of ownership or be heavily diluted.
    On another note, I have read that China is a 40% consumer of copper and with the down turn in building, which they have in abundance for the next 5, or more years, may see the copper price slip as is the case in the IO sector.
    What are your thoughts…………….
    Cheers Geoff.
 
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