DML (ASX) We need an investigative journalist

Originally posted by Burnett ↑

Hi Guys, appreciate all your posts, have been away for a while but back on deck.

I will try to contact the administrators (FTI) and also would be a good idea to contact the provisional liquidators too.

I believe the 2nd creditors meeting has been delayed for another month or so, i.e to either form a company deed, wind up the company, liquidate, etc... However I have heard if/once the sale of the mine goes through, there is a possibilty that DML may re-list again in a different capacity with other projects and most likely shareholders will get diluted to the hilt as we saw with MBN, but maybe not to the same degree, i.e owing only 1% of the company and noteholders owning the rest in MBN's case. So your investment may not be fully pissed up the wall, yet !

Also have heard that Cupric & Castlepines will most likely be part of that sale process bidding to buy the mine and the very disappointing (again not 100% sure, just speculation), but with Castlepines $110 million offer there was the possibilty they were going to be offering the lending group approx. $50 mill of that and then the remaining $60 mill approx. to be used for working capital - if the fcukwit lending group were willing to consider that after the 90 day DD, then DML would still be trading on the ASX, us shareholders would have had our full investment still and it would have been business as usual, going underground to find the better quality stuff and take advantage of any increase in the short-medium term of rising copper prices.

Instead the lending group decided to be pig headed and now will have egg on their face with their bad commercial decision and lucky to get that figure IMO... so will be much worse off. I would like to know who from SCB made that decision and fcuked it up for everyone ?

Now that should also be investigated, not only the director's conduct but the lending group especially when Cupric (their little favorites) were not forthcoming with a formal offer by Jan 31st. If you read Castlepines website, these guys only do deals of $100 mill and upward and obviously were serious about acquiring 1/3 at $110 million.

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Yes Burnett, lots to investigate here - lots of people in power continue to be outlandishly arrogant as if they are untouchable ...... investigate and prosecute ...... the powers that be have been getting away with it for far too long ... (and it seems lots of people on this forum believe that this is the norm and there is nothing you can do) .... it just takes someone with a bit of nouse to follow the trail ,,,, and this trail is damming for lots of 'privileged' people in the case of DML ...... I hope a case study is made of DML and there is an expose of the crooks who flew too close to the wind